Mortgage Strike, anyone...?

[Thinking Man's Idiot]

[Nostalgia]

Yaaaay! Erm, I don't have a mortgage.......????? Yaaaay!

95% of all money in circulation is bank credit. We won't miss you Nost!

No debt=No money remember?

[Nostalgia]

Originally Posted by Grave Digger

95% of all money in circulation is bank credit. We won't miss you Nost!

No debt=No money remember?

No debt for who? I don't have any money anyway.
Am I reading you right in that you are going on a mortgage strike?

Money, in our fiat currency system, *IS* debt. It's a promise on a piece of paper. The only thing of any value is your signature on a piece of paper. Then the banks trade and speculate with these pieces of paper. This is the unsustainable monetary system that got us to where we are today.

http://www.rinf.com/forum/showthread.php?t=1906

Revolution/Change/Monetary reform is/will be painful. Pain is a great motivator. Here's to the future and our children and their children. X

[Nostalgia]

Originally Posted by Grave Digger

Money, in our fiat currency system, *IS* debt. It's a promise on a piece of paper. The only thing of any value is your signature on a piece of paper. Then the banks trade and speculate with these pieces of paper. This is the unsustainable monetary system that got us to where we are today.

http://www.rinf.com/forum/showthread.php?t=1906

I understand that Grave digger, and that is one of the very reasons I do not have a mortgage, and it is for that same reason that if ever I do have money it usually gets spent pretty much right away, at least when I spend money I have something in my hand to the equivalent value of what the money was worth, usually something useful.
For instance I would rather trade my money for a spade so that next year I can plant potatoes thus hopefully making a saving, so that what is saved can go on something just as useful as a spade.

[Nostalgia]

Originally Posted by Grave Digger

Revolution/Change/Monetary reform is/will be painful. Pain is a great motivator. Here's to the future and our children and their children. X

I couldn't agree with you more, we are now at the cusp of change and I believe that nothing will be the same as it was before, how can it be?
The bankers governments etc now know that they can't go back to the old system of lending, therefore house building as we knew it will also disappear, and unless there is a strategy to replace the jobs that were involved in house building and all those other jobs that were created because of the housing boom, then we are going to see a huge rise in the jobless figures, and as I have mentioned, if the government does not have a strategy, then how will the jobless void be filled?

I'm outa time and will catch you later. But I and many others want permanent money based on work done and value made. Why are all the wealth creators in debt to banks who merely lend pieces of paper that represent the wealth. See Loki's last post in philosophy.

see you later.

[Nostalgia]

Originally Posted by Grave Digger

I'm outa time and will catch you later. But I and many others want permanent money based on work done and value made. Why are all the wealth creators in debt to banks who merely lend pieces of paper that represent the wealth. See Loki's last post in philosophy.

see you later.

I don't have a problem with that idea, I think you must have mistaken me for a capitalist, of which I am nothing of the sort.
But getting back to permanent money, how about this for a system.
http://islamic-world.net/economics/e...banking_01.htm

[Thinking Man's Idiot]

"I couldn't agree with you more, we are now at the cusp of change and I believe that nothing will be the same as it was before, how can it be?
The bankers governments etc now know that they can't go back to the old system of lending, therefore house building as we knew it will also disappear, and unless there is a strategy to replace the jobs that were involved in house building and all those other jobs that were created because of the housing boom, then we are going to see a huge rise in the jobless figures, and as I have mentioned, if the government does not have a strategy, then how will the jobless void be filled?"

We the workers, with our experience as workers, can do anything we collectively decide. We do it now for the parasites. We can do it in the future for the benefit all society.