I’m not the only who realizes debt is the reason for this season of madness on earth. All those highly paid economists and other policy wonks are incapable of simple logic, even at the Aristotelian level.
Look, every single dollar in existence today is a debt slip, not actual money. Thus, for every dollar the Fed creates through banks and other lending institutions, we owe the value of one dollar plus interest to that institution. Thus, the entire US owes the Fed (a private banking institution) more than we can ever have. Do you see that? By it’s very nature, a debt-based economy is broke. It has to grow constantly to stay ahead of the game, and no economy on earth can grow forever. When it runs out of steam, as it must eventually do when other factors slip out of place in the calculations, it will begin to break down the whole machine.
But there’s another bit of logic necessary which Aristotle rejects: humans are fallen. We are sinners, a divine truth so easily tossed aside by those who just don’t like it. We can’t be fixed, and all the policy in the US assumes people can be fixed, either in the individual or at large. Both are false. Indeed, humans are never worse than when they are congregated into a political entity. So fallen humanity given a free, but debt-based, economy will always mess it up by pulling forward consumption from tomorrow’s production. Humans are suckers and will as a whole always consume more than they can afford, and the extra consumption without fail will be the most decadent and morally improper. This accelerates the rate of failure.
Finally, it has been revealed in the Word of God debt-based hedonism makes God unhappy. It makes Him unhappy enough He actively intervenes to make sure such an economic model fails. We can debate how much effort it takes from Him, but anything we can mess up will surely be made worse by natural forces. God promised those natural forces would work nice for us if we embrace His design for governing fallen mankind, and those promises are demonstrably unfailing (see the Old Testament). But when we discount those promises, we also ignore the curses which form the other edge of the blade. It cuts both ways. So chasing every creaturely comfort with debt, living on the promise of future production, we stack up the curses against us.
America, and the rest of the world clinging to debt-based economic structure and policies, is doomed. All these artificial efforts to borrow from tomorrow’s output guarantees the output will fail. The current astronomical borrowing means astronomical liabilities we expect to pay back with mere earth-sized output. Sorry, but the burden of debt is so large, and the off-shoring of production, means the eventual collapse will be far bigger than it ever should have been. Most of the world’s apparent wealth is actually very real debt.
