The tyranny of debt

THE signs are all there pointing to a massive writing-off of global debt, coupled with a resetting of currencies to being asset-backed and the outlawing of the issuance of debt-backed monies to run our world.

The can-kicking of problems by governments is delay tactics while the nuts and bolts are worked out. In the interim we need to hold our heads, support each other and trust that our near future is going to be a vastly improved one. I think even the dogs in the street are waking up to what a real debt is. Digging up all your fertile soil or poisoning all of your fresh water is a real debt. Owing pieces of valueless paper to a few men (private central bankers) is not a debt. It is the illusion of debt.

Debt of the latter type could well be termed “Debilitating Emasculating Bespoke Tyranny”. For sure, it has caused tyranny.

Barry Fitzgerald

Lissarda

Co Cork