What Do I Think About That?

In today's banking system, the practice of mortgage loan making is immoral, unethical, and ought to be outlawed as fraudulent. In this post I will outline the way a bank makes a loan and why this practice is wrong. Step 1: A property owner decides they want to sell a home for $500,000.  Step 2: A prospective buyer wants to buy the home but doesn't have $500,000. Therefore, the prospective buyer is unable to purchase the property. They therefore ask the bank to purchase the property on their behalf with an agreement to purchase the property over time in the form of a mortgage loan. Step 3: The bank creates $500,000  Step 4: The bank gives the cash to the seller in exchange for the title to the property.  This is the first sale of the property. Step 5: The bank gives the title to the buyer in exchange for payments made over time, usually 30 years. Until all the payments are made, the bank retains ownership of the title. Once all payments are made, the bank transfers the tit...

Who is the most immoral person in the world?  I am hearing a lot of online personalities, especially those advocating for the end of the current state of the world and the economy, speaking ominously about coming signs of depression. They are quick to highlight crashes in housing prices, increases in bankruptcy rates, and trends indicating increased mortgage defaults, credit card balances, and overall financial strain. They are well versed in criticizing irrational Federal Reserve policies or unjust taxes, but it feels like they stop short at understanding these issues in terms of ethics and morality.  That is the subject I'd like to meditate on. Let's take the following headlines: More student loan borrowers are walking away from their debt in bankruptcy, Biden administration says Highest Mortgage Delinquency Rates Reveal Struggling Local Economies Morality is simply the principles one uses to determine right and wrong. In every situation and in every action, a moral code is ...

  https://www.semafor.com/article/11/28/2023/nobody-wants-us-treasury-bonds News articles are often full of contradictions. In this article, the use of the concept "why" is being paired with government borrowing.  “There’s just a lot less demand than there was even six months ago,” Goldman Sachs’ Jim Esposito  said  last week. “You can buy a 6-month T-bill that’s yielding north of 5%. Why wouldn’t you buy that instead of a long bond that’s yielding 4¾?” The error lies not in the statement itself. Few people are so aloof and oblivious  to state contradictions outright. This is why they are hard to spot and people feel justified in living even though a further analysis reveals a great error. The principles of reason, however, the very essence of the word "why", demands a consistent and fully integrated non-contradictory thought process. Therefore, I will attempt here to explain where Esposito has made his error and postulate  on the reasons why.  The fir...

“God is dead, God remains dead, and we have killed him.” Friedrich Nietzche 1882 In this post I try to connect three interrelated thoughts  1. A debt based monetary system is becoming unsustainable, but why is it so hard to abandon? 2. The 19th century origins and ideas of a mind/soul/God denying school of psychology and education and how it leads to the evisceration of terms like freedom, independence, volition, justice, theft, and all other terms of morality, undercutting a population’s ability to “fight back” 3. How the obvious flaws in thinking in Fiat monetary systems are protected by ideas that demand an elite ruling class - and how to fight them.  Hope you enjoy some somewhat unedited musings from me on this Monday afternoon 1. Our Debt System is Bonkers… So why is it so hard to get rid of? https://www.politico.com/news/2023/11/20/national-debt-spending-interest-wars-00127805 “If interest rates basically stay at their current levels, interest will be the second-largest ...