Quote:
Originally Posted by Average Joe
Course you will. Why don't I believe this?
All I've been saying is that two wrongs don't make a right.
|
You know, I can really empathise with Av Joe's point. No-one forces us to borrow money in excess of our means. However, for most of us it is a necessary evil, particularly where property is concerned. I was taught the principles of living within my means and all the rest that goes along with it but I am prepared to accept that my behaviour and attitudes have been conditioned to a certain extent.
I believe there is much evidence that our monetary system is corrupt and is manipulated by the central banks to achieve social change and profit. There is also ample evidence that our currency is backed by nothing except our own confidence in it's ability to be accepted as a means of exchange.
However, recently much information has been put in the public domain regarding the actual mechanics of money creation. For instance, there is the arguement that all money is actually debt, borrowed into existence by our governments, backed by government bonds which are in turn backed by...what? The resources of a country? The population's labour? Some assert that our birth certificates are floated as bonds...Some assert that the money that accrues from this is put into trust as our share of the national wealth. Governments then borrow against these bonds.
What is the truth?
Does it matter?
The system is clearly corrupt, outdated, unworkable and unsustainable. It is my opinion that these credit card agreements are unenforceable because of what I have said above. Because nothing of value is involved - only movement of debt (money being a debt instrument, not an instrument of value).
If people challenging these agreements hastens the end of the monetary system and gets us all thinking about new ways to order our lives, then I for one shall be glad.