Originally Posted by Steven Douglas
That's what i've been thinking. Between Bailments and and high risk lending, it seems like something for a person with a good amount of savings and low income (like a retired person) could use.
Originally Posted by Bohner
No. The rate of growth we have is unsustainable. Plus, if big capital purchases (person and business alike) were afforded through savings and not through debt, I believe those assets would drop in price.
Originally Posted by mohassan
The biggest problem with our monetary system is that it is debt based. If we were to liquidate all the debt, there would be no more money. Therefore, in this monetary system, inflation is the only way and deflation is a nasty word. It's backwards and it needs to be changed from the ground up.