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<p>[QUOTE=&quot;Cloudsweeper99, post: 1208851, member: 3011&quot;]It&#039;s okay for us to disagree.&nbsp; I wish I could explain it better.&nbsp; These ideas aren&#039;t mine and with some research you may find other economists who can explain it better.</p><p><br /></p><p>Regarding (1), the government can go into debt when it spends more than it taxes, or it can create new money.&nbsp; In fact, when the government goes into debt and the Fed purchases the debt, it is creating new money.&nbsp; What folks fail to see is that the creation of the debt is purely voluntary and does not have to be part of the money creation process.</p><p><br /></p><p>Regarding (2), when someone says it isn&#039;t possible, the more likely answer is that they just don&#039;t understand how it works.&nbsp; Human flight was impossible for a long time.&nbsp; You are correct that gold is debt free money, and if you take one more step forward in your thinking, you can realize that a US Note is also debt free money with the intrinsic value coming from a combination of government law requiring its acceptance and a requirement to pay all taxes with US Notes.</p><p><br /></p><p>Regarding (3), sometimes it is very difficult to unlearn something you were taught to believe that happens to be untrue.&nbsp; The folks who teach that it isn&#039;t possible are the same ones who benefit from the status quo.&nbsp; A lot of what passes for education is really teaching that the way things are is the only way they can possibly be, and that is a shame.&nbsp; The bankers are preaching that we can&#039;t survive without their debt, that only the bankers can create the magic that allows us to exist.&nbsp; As long as people believe them, we can never be free from debt bondage.</p><p><br /></p><p>This is about the best I can explain it, and I don&#039;t want to argue in circles so we&#039;ll have to leave things with your unbelief intact.&nbsp; I hope I&#039;ve helped some readers of this thread to think about new possibilities for escaping the current mess before a crushing debt load destroys the nation.&nbsp; There is no way to salvage the present system, and if new ideas are not entertained, I&#039;m afraid the worst predictions will come true.&nbsp; This would be a tragedy since there are multiple solutions right in front of us if we choose to see them.[/QUOTE]</p><p><br /></p>

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