famos

The Perversion of American Capitalism

Hi Henari,

Thank you for correcting my math. Overwhelmed by all the zeros. I believe you to be right on both counts. Refreshing to know someone does read the comments.

famos, the last word

The Perversion of American Capitalism

Hi Derryl,

I certainly appreciate the monetary banking lesson, but me being a very simple person, I have a hard time with understanding the philosophy of the non-existent "interest" phony money.

I feel that money is a mutual agreement of a unit value that we can use in place of an inconvenient barter system and consequently, we can use it to establish a value on monetary interest (or money put to work). And consequently, I find myself right back where Naufal Sanaullah left me, i.e. our problem resulted from some of us borrowing/spending money that we didn't have, didn't work for or could not pay back. Pretty simple when you think about it.

By the way, I don't think 300 million total American populace can ever pay back $30 trillion of debt because that equals $100 billion for every person in the U.S. Correct me, if I'm wrong.

famos, last words

The Perversion of American Capitalism

Hey Dr. Jackpot,

Was that a dream or a nightmare or a prophecy?

famos, last words

The Perversion of American Capitalism

Hi Naufal Sanaullah,

Read "Atlas Shrugged" by Ayn Rand. Only the chronology is different.

famos