Money Value – World Crisis


In a town, long time ago, all people have debts, they live doing loans.

Someday arrives a guy with a lot of money, he goes to the hotel and gives a US$100 to the receptionist, he asks for a room and go upstairs to see.
The hotel’s owner, takes the money and runs to pay his debts with the meat seller.
The meat seller takes the money and runs to pay his debts with the pig farmer.
The pig farmer runs to pay his debts with the pig’s food seller.
The seller of pig’s food runs to pay his debts with the prostitute of the town (yes she does credits sometimes)
The prostitute runs to pay her debts with the hotel’s owner.
At that moment the rich guy ends his checking of the hotel and no room liked him. So he takes his money back and goes out of the town.
Nobody kept a single penny of the money but now no one have debts. They are now happy and free to ask for new debts.
Summary: the money circulating give the value to the money.

 

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Loans generate interest, to pay the interest people need new loans.
If we take all the money in the world to pay every single debt, it won’t be enough. Or money will not remain, it will be voided completely.


If we try to cancel a debt using new debts is like try to not be drunk by drinking more.

Sources:

Zeitgeist: Addendum

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