Quote:
Originally Posted by JohnR
Besides, I am beginning to think all of that debt is just a lever to get rid of currency in general. Other than pure incompetence, I can see no other endpoint than the elimination of currency, and thus capitalism, to replace with Socialism/Communism, repeat circle back to Civil War.
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I've thought along the same lines. For some, maybe most politicians, it may not be an intentional endpoint, but, rather, simply pure incompetence and stupidity (Donald Trump may be right about that). But for some of the reputedly "smarter" ones for whom the end of capitalism is the goal, the elimination of currency, necessitated by massively inflated and unpayable debt, could possibly be a way to bloodlessly (or "reasonably" so) impose a socialist type of world government. In the complex and highly populated market of today in which barter is not feasible, the elimination of personally accumulated currency as both a medium of exchange and as well the means of building wealth in order to acquire more wealth, would only leave some government invented and controlled medium as the way to exchange labor, or even existence, for goods and necessities.
I sarcastically proposed such a system in a previous thread in which a government issued "insurance" card could be used to "buy" anything the market offered. The government would set the requirements needed to get the card. In such a way the entire market would be government controlled, and everybody would have the equal economic outcome that Socialists want.