Let nature take its course when it comes to debt

The term “debt forgiveness” for the people is starting to arise again in the public discourse. As usual this is about five steps behind where the actual story is.

There is very little legitimate debt in our world. This is the kind of debt where actual money is loaned to you. Your bank does not lend you money; theirs or others. They extend you digitally created credit, ie they create “money” out of thin air. They then charge you interest on this sleight of hand, interest that does not exist anywhere in society. So from the get-go you are on the back foot.

This is a Ponzi scheme and it crashed permanently five years ago. Primary school mathematics can prove it.