Thoughts for a sustainable future

The individuals, as well as the governments, in our capitalist countries, have lived for decades with this mortal assumption : tomorrow, I’ll be richer than today.
Consequence of this assumption ?
Tomorrow, I’ll be easily able to pay back what I’m borrowing today in order to spend more money than yesterday.
And if not, I’ll borrow more money to pay back my borrowings, cause the day after tomorrow, I’ll be richer than tomorrow !
And so on …
The end of the story ?
It’s called BANKRUPTCY.
- You’re no more able to pay back any borrowing, and nobody will lend you anymore money.
- The percentage of loan payments versus your income is unsustainable.

For decades and decades, people has been learned that there was an easy way to spend more money than one was earning :
- For the individual, credit cards, borrowing, borrowing again.
- For the governments : quasi-free credit from the monetary system, no-limit debt selling to other countries, etc …

All this has and end : BANKRUPTCY.

There is only ONE solution : you must (this is also correct for countries)

- spend only what you earn.
- earn what you deserve
- deserve what you are

This philosophy is the only one which allows us to hope a sustainable future.
It doesn’t forbid you to earn tomorrow more money than today.
Neither does it forbid you to deserve tomorrow more money than today.
Simply because it doesn’t forbid you to improve yourself.

Besides this, all monstruous inventions of the worldwide money speculations (CDSs, junk bonds and so on) should be taken for what they are : crimes, robberies, swindlings.

reply to post by orkson


Explanation: S&F!



Personal Discosure: Decentralized decartelized resource backed currency = compressed air!

P.S. Some fire escapes off this planet would also help!

reply to post by 12voltz


Uh ...
Who's speaking of leaving ?
Comments, please.

Ahhh, when times were easier to understand...

hey, could Potus use this tune at the end of the video????




youtu.be...[/yvid]

Everyone agrees with the fact that we are in a mess.
USA is about to default.
If not, how long will it take to ?
For sure, there's something wrong in our system.
Some will tell that it is necessary for our system to promote consumption, therefore, credit, otherwise there will be an economic crash.
As we've told it before, this has an end : bankruptcy.
So what is the solution ?
Your thoughts ?

Originally posted by OmegaLogos
reply to post by orkson

 

Explanation: S&F!

Personal Discosure: Decentralized decartelized resource backed currency = compressed air!

P.S. Some fire escapes off this planet would also help!

YOU TOTALLY ROCK for posting this!

Thank you very much

XXX
A

reply to post by orkson


Explanation: Here ...

Listed in order from way out there ... to this could actually work.

Next Elections lets Vote 1 China OK! (by OL posted on 8-2-2010 @ 11:07 PM) [ATS: US Political Madness Forum]

My Plant Man/imal Machine Map! (by OL posted on 3-4-2011 @ 11:01 PM) [ATS: Fragile Earth Forum]

TPTB can't Tax you, if you're beyond their reach, out in space! Viable ways to get off this planet. (by OL posted on 5-1-2011 @ 08:10 AM) [ATS: Skunk Works Forum]

Hey Presto! Out of Thin Air! A magical new currency and economy! (by OL posted on 8-9-2010 @ 05:30 AM) [ATS: Skunk Works Forum]

Personal Disclosure: I hope that helps!

P.S. OL also fully recommends this thread The Great Awakening. (by HiAliens posted on 13-9-2009 @ 09:09 AM) [ATS: General Conspiracies Forum]

reply to post by OmegaLogos


Thanks.
"The Great Awakening" : Great post and a must-read.

Originally posted by orkson
There is only ONE solution : you must (this is also correct for countries)

- spend only what you earn.
- earn what you deserve
- deserve what you are

Boy, do I have just the society for you! www.google.com.ph...

reply to post by eldard


Hi, Eldard,
How am I supposed to understand your link towards the "lost decade" in Japan ?
Is this an illustration of the governments' behaviour, allowing ZERO interest rates (and even NEGATIVE rates !) or ... ?
Those financial policies, intended to boost investments and consumption, have overall created enormous financial bubbles, and Japan doesn't know at this time, how to get out of this mess.
But doesn't this confirm my OP ?
Telling that one must spend "only what he earns", is for me the prerequisit for a safe downsizing of our economy.
I know that this doesn't cover the whole problem.

An other prerequisit is for the banks : they must lend only the money they get from their clients, and only for industrial and investment purposes.

So, they have not the liberty to create mountaigns of money as they do, to day, when they borrow as much money as they want, at very low rates, from the central banks (Fed or central Banks) and lend it at high rate to junk entities, mainly in order to inflate speculative bubbles.

Downsizing our economy towards a sustainable trend is also a step towards a revolution of our way of life.
OmegaLogos, in a preceeding post, gave a very good link : The Great Awakening
Very good thoughts in it, indeed ...

reply to post by orkson


Have you ever heard about the Narrow Banking concept ?

Here is an exerp :

Key attributes of narrow banks include
- 1. no lending of deposits (reducing a key risk materially but constraining return on investment for depositors and shareholders alike)
- 2. extremely high liquidity (typically short-term assets e.g. bonds)
- 3. extremely high asset security (typically government bonds)
- 4. lower interest rates paid to depositors (as a function of the no lending and other constraints)
- 5. possibly specific regulatory framework with higher level of scrutiny and operational/investing restrictions

Additional criteria applied to safe banks include
- 1. no derivatives
- 2. no off balance sheet assets
- 3. high degree of institutional transparency (e.g. continuous real-time disclosure of financial records)
- 4. capped executive salaries
- 5. low risk jurisdictions

That is how SHOULD BE the banking system.