Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. | |
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Anonymous Coward (OP) User ID: 24209338 United States 03/12/2024 12:51 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. Is it truly just that the elite enjoy the power...that they enjoy the pain it causes...that they are terrified of losing their status somehow? Really think about it. Why is the world the way it is? |
Anonymous Coward (OP) User ID: 24209338 United States 03/12/2024 12:56 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. I get capitalism and inflation/deflation. Point being, the elite and banks use interest rates and dent to control everything and everyone, to retain their power and build more and more wealth. They create laws and corrupt the system, and they print trillions in fiat....it is by no means fair or built to help most people. Why not set the system up to actually help the world? What is stopping them from doing that? |
Anonymous Coward User ID: 82296197 United States 03/12/2024 12:58 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. there is a price above which the buyer won't buy. If no agreement is made, nothing gets done. The key there is agreement. Whatever two people agree upon is fair. Your post implies someone forcing things to be done. Force is the problem. Minimum wage is force. Cutting prices in half is force. As for debts, one side is someone owes money, it's a liability, the other side is owed money, it's an asset. You'd be wiping out lots of assets for a lot of people. Interest rates are just the price of money, see the beginning. |
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936432979
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Anonymous Coward (OP) User ID: 24209338 United States 03/12/2024 01:08 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. I'm not saying end capitalism. Socialism and communism are horrible. We don't have true capitalism. We have a capitalistic system that is set up in favor of the elite. What I am asking is, why can't the elites restructure the system so that prices and wages are kept in line with each other so that most people aren't struggling and have decent lives? That isn't communism or socialism. It is simply a fair capitalistic system as far as interest rates and wages. As far as destroying the wealth of those who make money holding debt.....the reason we are trillions in debt is due to the current system. When it collapses and pops, most everyone, including the debt holders, will be wiped out. |
Anonymous Coward (OP) User ID: 24209338 United States 03/12/2024 01:11 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. Think about this...the main driver of stress, depression, suicide, mental health issues, etc, is financial problems. Struggling just to buy food for a family, constantly stressed about money, etc. We don't need socialism, we don't need "stimulus checks", which worsen the problems. We need a major overhaul of the banking and financial systems. |
thewellhungarian
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Anonymous Coward User ID: 86210391 United States 03/12/2024 01:16 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. Think about this...the main driver of stress, depression, suicide, mental health issues, etc, is financial problems. Struggling just to buy food for a family, constantly stressed about money, etc. Quoting: Anonymous Coward 24209338 We don't need socialism, we don't need "stimulus checks", which worsen the problems. We need a major overhaul of the banking and financial systems. You’re going to have to put strict laws in place to keep people from hoarding assets out of greed or you’re going to have shortages and inflation. |
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Mental Case User ID: 86942777 United States 03/12/2024 01:20 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. Serious answer. If all debts were canceled, they would be no money...no medium of exchange. There would be no food in the stores. No items of any kind in any store. Shipping and trucking & trains would halt. Electricity would be turned off...water would stop flowing out of your faucets. |
Anonymous Coward (OP) User ID: 24209338 United States 03/12/2024 01:20 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people. Quoting: Anonymous Coward 86398006 The opposite of communism. Fair capitalism. A true free market. What we have now is capitalistic elite controlled manipulation to enslave us, a cousin to communism and socialism. It would take an extraordinary move from the elite. They would have to stop using the system to amass billions and billions, and choose to restructure the world system completely. What is kind of funny is that the system we have now is being intentionally used to destroy America and the end result will be America becoming a 3rd world slum for 90% of the people here. |
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Anonymous Coward (OP) User ID: 24209338 United States 03/12/2024 01:21 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. Think about this...the main driver of stress, depression, suicide, mental health issues, etc, is financial problems. Struggling just to buy food for a family, constantly stressed about money, etc. Quoting: Anonymous Coward 24209338 We don't need socialism, we don't need "stimulus checks", which worsen the problems. We need a major overhaul of the banking and financial systems. You’re going to have to put strict laws in place to keep people from hoarding assets out of greed or you’re going to have shortages and inflation. So the problem is human nature and greed? Now we are getting to the truth. |
Anonymous Coward User ID: 86210391 United States 03/12/2024 01:22 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people. Quoting: Anonymous Coward 86398006 The opposite of communism. Fair capitalism. A true free market. What we have now is capitalistic elite controlled manipulation to enslave us, a cousin to communism and socialism. It would take an extraordinary move from the elite. They would have to stop using the system to amass billions and billions, and choose to restructure the world system completely. What is kind of funny is that the system we have now is being intentionally used to destroy America and the end result will be America becoming a 3rd world slum for 90% of the people here. You’re another retard. |
Anonymous Coward User ID: 86210391 United States 03/12/2024 01:23 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people. Quoting: Anonymous Coward 86398006 The opposite of communism. Fair capitalism. A true free market. What we have now is capitalistic elite controlled manipulation to enslave us, a cousin to communism and socialism. It would take an extraordinary move from the elite. They would have to stop using the system to amass billions and billions, and choose to restructure the world system completely. What is kind of funny is that the system we have now is being intentionally used to destroy America and the end result will be America becoming a 3rd world slum for 90% of the people here. You’re another retard. Sorry, wrong thread. Disregard. |
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Anonymous Coward User ID: 86879516 United States 03/12/2024 02:39 PM Report Abusive Post Report Copyright Violation | Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half. I get capitalism and inflation/deflation. Point being, the elite and banks use interest rates and dent to control everything and everyone, to retain their power and build more and more wealth. They create laws and corrupt the system, and they print trillions in fiat....it is by no means fair or built to help most people. Why not set the system up to actually help the world? What is stopping them from doing that? . . Wait a minute…. No one, I repeat, NO ONE makes you use credit. . Must suck to not have the discipline to pay off cards every damn month. . |