Liberal Forum

We're in a serious recession and have had it covered up for a long time.  The only thing keeping it from creeping into the stock market has been the excess debt in the system.  We clearly need to double the overnight interest rates.  All of the debt based cash needs to be sucked out of the system so we can rebalance.  Everything is severely out of whack.

obviously, you are missing a subtle yet insidious piece of the puzzle under the current paradigm:Currency is only created via debt Every loan has two parts:
Principal + InterestBut only the principal is created when the loan is issued. The interest? It doesn’t exist — yet it must be repaid. Riddle me this:
From where does the interest come? It can only come from new loans. Currency creation is a recursive structure Now you understand why when credit stops...
Collapse is immediate.

That is really naive.  The government was giving blackrock 0% interest debt by the hundreds of billions for years to buy up all of our quality housing stock that was in foreclosure post 2008.  Just one example.  All of the currency in the system is debt right now.  It was born from US congressional and presidential edict and floated by treasuries.  What planet are you from?

no, that is a fundamental irrefutable, undeniable fact of currency creation!"All of the currency in the system is debt right now,"  lol, obviously, you are unable to read with comprehension.  that is exactly what i stated, further, the only way to create currency is with debt!  ... black rock may get 0% interest but few others do.consequently, there is not enough currency in the system, to pay the obligations EVER, since theINTEREST portion of a LOAN is not created atINCEPTION!so your statement: "  The only thing keeping it from creeping into the stock market has been the excess debt in the system"  is NOT POSSIBLE since the ONLY WAY TO CREATE CURRENCY is with a LOAN!are you really so, STOOPID to NOT UNDERSTAND what YOU are SAYING?