10-27-2019, 08:10 PM
(10-27-2019, 07:14 AM)john11:11 Wrote: I agree with everything you said. So are we going to see a Debt Jubilee/Financial Reset?
How many years until everything is free like advanced ET societies?
The Federal Reserve will not go quietly.
I hate money. Literally hate it. I hate what it does to people. Money is truly the root of all evil. Even a gold-backed financial system, I can't see it being any better for the have nots.
The real issue is fractional reserve banking. In other words, the banks charging interest on the money they created out of thin air and lent out. Banks create the money with virtually no effort other than operating a computer tied into the Fed, and then the average Joe has to pay it back with money that they worked very hard for for a very long time - aka debt slavery. That is the HUGE ball and chain around everyone's ankles. Once that goes away, asset prices go way down and become affordable again. The number I've heard is that housing prices may go down 90%.
You say "Debt Jubilee/Financial Reset". I will separate the two, because I think the dynamics for each are very different. I also think there is a considerable amount of disinformation out there related to those subjects.
Financial Reset - The banking system is dying currently. The repo markets appear to be a pretty clear sign, and a no deal brexit will probably cause some serious derivative issues, but I don't really know what the specific catalyst will look like. When the banks are falling apart, I would expect a "reset" of sorts to occur to prevent a total crash. But I have no doubt that there will be a transition period where it looks like the world is going to end, until it doesn't.
Debt Jubilee - Sorry, I don't see this happening immediately. The reason is that the creation tends to honor contracts, and debt is virtually always a contract. The county court systems seem to like lawyers representing banks over the people living in their county, because the banks are the ones paying them fees. That said, those who are aware will probably be able be able to get those contracts invalidated in court because of rules that the banks violated - like lack of full disclosure about the terms of the contract. And there will be other tools coming online too, I'm sure. I would love to see the county court systems destroy themselves in the eyes on the people, which I think is pretty likely.
In other words, I see a period of great challenge ahead. Those who accept the challenge and adjust will probably do extremely well. Those who do not and expect government to solve their problems for them will probably take a hard beating until they get the hint.
I sort of imagine a period of spiritual training to get everyone who is headed to 4d positive on the right path.
Money needs to remain for the time being, because people are not ready yet for the alternative. We need new technologies like free energy to come online to make a cashless society feasible.