| Ascii said: I dont read the hole thread. In my Opinion (and i work with this kind of ideas in my freetime), it can only be solved if you kill the interset rates at all. Nothing is able to survive exponentioal growth. Not the Dollar, not the Euro, not even this World. See: http://en.wikipedia.org/wiki/Demurrage_%28currency%29 http://en.wikipedia.org/wiki/Freigeld AND: http://userpage.fu-berlin.de/~roehrigw/Welcome.html#english |
Oh, hey! That's very much along the lines of what I was thinking!
My idea more revolves around freezing the interest rates on current loans and establishing a payment plan for each loan that allows them to be paid off eventually. It would require austerity measures like the others, but at this point it looks like it can't be avoided. Maybe it won't be so bad with the loan principles not increasing?
I agree with the idea that these loans with interest rates are bad for a number of reasons. Does anybody know if it's a common practice for people involved with loans (loan issuers particularly) to use the loans currently being paid back to them as collateral for loans they themselves take out? I believe that's how that housing bubble (and consequent economic collapse) came into being, but I could be grossly misinformed on the specifics.
I'm pretty sure it's evident I'm no economics expert. ;)
The BuShA owns all!
