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@DGilly said in [Conspiracy theories](/post/1293230) said:The reserve bank loans money at an interest rate. If they print 100 bucks at a 5% interest rate than the government needs $105 bucks to pay them back. However, they print the money so the only way to pay them back is to borrow more money from them which is also at an interest rate. Thus a society can never get out of debt and your taxes finance their debt whilst the value of a dollar gets less and less.
So yes it affects you hugely, its a terrible system.
The govt should print money without interest attached to it, that's my solution. That's what Jesus referred to when he said there shouldn't be usury.
@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
@cochise said in [Conspiracy theories](/post/1293311) said:@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
I think pies should be the index all currencies are measured against.
@DGilly said in [Conspiracy theories](/post/1293283) said:@Strongee said in [Conspiracy theories](/post/1293268) said:@DGilly said in [Conspiracy theories](/post/1293230) said:The reserve bank loans money at an interest rate. If they print 100 bucks at a 5% interest rate than the government needs $105 bucks to pay them back. However, they print the money so the only way to pay them back is to borrow more money from them which is also at an interest rate. Thus a society can never get out of debt and your taxes finance their debt whilst the value of a dollar gets less and less.
So yes it affects you hugely, its a terrible system.
The govt should print money without interest attached to it, that's my solution. That's what Jesus referred to when he said there shouldn't be usury.
Hang on . Doesn’t that just devalue the dollar , and make things way more expensive , especially considering we import a vast percentage of our day to day goods ?
Wait , did I just accidentally stumble into an Illuminati / Rothschild debate ..
Yeah don't think you entirely understand how this works
@DGilly said in [Conspiracy theories](/post/1293283) said:@Strongee said in [Conspiracy theories](/post/1293268) said:@DGilly said in [Conspiracy theories](/post/1293230) said:The reserve bank loans money at an interest rate. If they print 100 bucks at a 5% interest rate than the government needs $105 bucks to pay them back. However, they print the money so the only way to pay them back is to borrow more money from them which is also at an interest rate. Thus a society can never get out of debt and your taxes finance their debt whilst the value of a dollar gets less and less.
So yes it affects you hugely, its a terrible system.
The govt should print money without interest attached to it, that's my solution. That's what Jesus referred to when he said there shouldn't be usury.
Hang on . Doesn’t that just devalue the dollar , and make things way more expensive , especially considering we import a vast percentage of our day to day goods ?
Wait , did I just accidentally stumble into an Illuminati / Rothschild debate ..
Yeah don't think you entirely understand how this works
@Aesopian said in [Conspiracy theories](/post/1293312) said:@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
Four'n Twenty or Garlo's?
@happy_tiger said in [Conspiracy theories](/post/1293313) said:I have two I honestly believe
First one is we threw the last game of 2005 v Penrith once we knew Parramatta had beaten Newcastle
2nd is Iv knew he was going back to Penrith when he signed with us .....Iv didn't want to be Nat's coach while he was in his development stage ....
@hank37w said in [Conspiracy theories](/post/1293251) said:@TheDaBoss said in [Conspiracy theories](/post/1293240) said:Australia isnt real we are paid actors
My pay hasnt arrived yet
We are all merely players in a Kyle Lovett production.
Kyle said the cheque's in the mail.
@Tiger5150 said in [Conspiracy theories](/post/1293291) said:@DGilly said in [Conspiracy theories](/post/1293230) said:The reserve bank loans money at an interest rate. If they print 100 bucks at a 5% interest rate than the government needs $105 bucks to pay them back. However, they print the money so the only way to pay them back is to borrow more money from them which is also at an interest rate. Thus a society can never get out of debt and your taxes finance their debt whilst the value of a dollar gets less and less.
So yes it affects you hugely, its a terrible system.
The govt should print money without interest attached to it, that's my solution. That's what Jesus referred to when he said there shouldn't be usury.
This is one of the worst takes I’ve ever seen. Aus government borrows from a variety of sources and of course they pay interest. Printing money has zero to do with it when they get the money, nobody prints it and hands it to them and when they pay it back nobody prints it and walks in to pay it back
They are simply borrowing money like everyone else and paying interest. The capacity to pay it back has zero to do with printing money. The predominant means of income the Government has is taxation and if the govt operates at a surplus (budget) then they can pay back debt.
@DGilly said in [Conspiracy theories](/post/1293333) said:@Tiger5150 said in [Conspiracy theories](/post/1293291) said:@DGilly said in [Conspiracy theories](/post/1293230) said:The reserve bank loans money at an interest rate. If they print 100 bucks at a 5% interest rate than the government needs $105 bucks to pay them back. However, they print the money so the only way to pay them back is to borrow more money from them which is also at an interest rate. Thus a society can never get out of debt and your taxes finance their debt whilst the value of a dollar gets less and less.
So yes it affects you hugely, its a terrible system.
The govt should print money without interest attached to it, that's my solution. That's what Jesus referred to when he said there shouldn't be usury.
This is one of the worst takes I’ve ever seen. Aus government borrows from a variety of sources and of course they pay interest. Printing money has zero to do with it when they get the money, nobody prints it and hands it to them and when they pay it back nobody prints it and walks in to pay it back
They are simply borrowing money like everyone else and paying interest. The capacity to pay it back has zero to do with printing money. The predominant means of income the Government has is taxation and if the govt operates at a surplus (budget) then they can pay back debt.
Hahaha nope. Where does all the world's currency come from? Their country's central bank.
Who prints the money? - The central banks
I'm not talking at all about borrowing money from overseas, I'm talking about the system that is fractional reserve banking, which almost every country in the world is victim to.
The central bank supplies the country with money they use and the govt has to pay interest on it - they are not a part of the governing body.
You're completely off the mark
@Cultured_Bogan said in [Conspiracy theories](/post/1293329) said:@Aesopian said in [Conspiracy theories](/post/1293312) said:@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
Four'n Twenty or Garlo's?
Federation Pies from Tenterfield.
@cochise said in [Conspiracy theories](/post/1293337) said:@Cultured_Bogan said in [Conspiracy theories](/post/1293329) said:@Aesopian said in [Conspiracy theories](/post/1293312) said:@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
Four'n Twenty or Garlo's?
Federation Pies from Tenterfield.
The baker at my favourite pie shop passed away just before christmas, genuinely a great guy and it is a loss to his community. He also made the best pies I have ever tasted.
@Strongee said in [Conspiracy theories](/post/1293336) said:@DGilly said in [Conspiracy theories](/post/1293333) said:@Tiger5150 said in [Conspiracy theories](/post/1293291) said:@DGilly said in [Conspiracy theories](/post/1293230) said:The reserve bank loans money at an interest rate. If they print 100 bucks at a 5% interest rate than the government needs $105 bucks to pay them back. However, they print the money so the only way to pay them back is to borrow more money from them which is also at an interest rate. Thus a society can never get out of debt and your taxes finance their debt whilst the value of a dollar gets less and less.
So yes it affects you hugely, its a terrible system.
The govt should print money without interest attached to it, that's my solution. That's what Jesus referred to when he said there shouldn't be usury.
This is one of the worst takes I’ve ever seen. Aus government borrows from a variety of sources and of course they pay interest. Printing money has zero to do with it when they get the money, nobody prints it and hands it to them and when they pay it back nobody prints it and walks in to pay it back
They are simply borrowing money like everyone else and paying interest. The capacity to pay it back has zero to do with printing money. The predominant means of income the Government has is taxation and if the govt operates at a surplus (budget) then they can pay back debt.
Hahaha nope. Where does all the world's currency come from? Their country's central bank.
Who prints the money? - The central banks
I'm not talking at all about borrowing money from overseas, I'm talking about the system that is fractional reserve banking, which almost every country in the world is victim to.
The central bank supplies the country with money they use and the govt has to pay interest on it - they are not a part of the governing body.
You're completely off the mark
Isn’t the reserve bank , a private enterprise ? It definitely is in the USA , which is where I got my Rothschild thing from . As that family was famous for lending to European nations , and I’m pretty sure own the reserve bank . Basically the real world Iron Bank , if you watch game of thrones . They don’t show up on the worlds richest lists , as their funds are diversified throughout thier family.
I don’t think that’s a conspiracy , just a family awesome at business.
@cochise said in [Conspiracy theories](/post/1293337) said:@Cultured_Bogan said in [Conspiracy theories](/post/1293329) said:@Aesopian said in [Conspiracy theories](/post/1293312) said:@Geo said in [Conspiracy theories](/post/1293307) said:I use money to buy PIES...has not let me down yet..
Four'n Twenty or Garlo's?
Federation Pies from Tenterfield.
The baker at my favourite pie shop passed away just before christmas, genuinely a great guy and it is a loss to his community. He also made the best pies I have ever tasted.