The Case for a Debt Jubilee (must-read)
#Book Review
Richard Vague: The Case for a Debt Jubilee @PolityBooks Oct 2021 @WWNorton
The paradox of debt - #debt is neither intrinsically good nor bad.
acemaxxanalytics.substack.com/

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#debt is "neither intrinsically good nor bad" ? 

@acemaxxanalytics Hi! You said is neither intrinsically good nor bad and I think that overlooks the whole _how_ and _who_ it's made from and profit by over-lending people and devaluation to what money is over time.

So I'd like small mini-argument about that in the nicest way - simply read hashtag or links below this post included these listed words and sentences to give you ideas why is easily bad, because of things like...

➡️ How is it money is created more than banks actually have magically (the false power)

➡️ Money / Bank System cheating you over time using saving as leverage to loan 10x the amount sometimes - totally irresponsible and gambling with society's life

➡️ Selling people Debt as false and propping life on loans for everything

And tell me if devaluating people and their work is not read - and how they choose who lives and dies by who they lend to and what not to fund (many things closing down also with Government as partners in placns).

How it's "neither intrinsically good nor bad" when it's negative number besed as if it wasn't by design to cheat people / make living more expensive / re-loan people's savings upto 10 times as negative maths and therefore 'grow' negative society chasing never-ending debt like crack... no wonder everyone's in a mess.

The post links below say it in short - have a look and let me know how it's not true or how you see it as 'neutral' design with every culture that uses debt in the same troubles!

➡️ qoto.org/@freeschool/113489156
➡️ mastodon.social/@meimo/1134718
➡️ qoto.org/@freeschool/113375895

= back by uncaring profit motivated people ( + )

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