• The post you are reporting:
   
  Keith B has rightly brought up the suggestion of Western currencies becoming over-printed and eventually crashing in value.
  
  In fact, these currencies are based on debt-systems, not on tangible assets.
  In Ancient Greece, each Polis-state had its own drachma, but they declared how much silver a drachma contained.
  Hence, the drachmae were calculated according to their silver content.
  
  Modern Western economy is based on a debt system that by default must create more debt in order to continue, until the system cannot afford to repay the interest on the debt, and then crashes.
  
  The housing market UK is based on the same system: house prices go up out of proportion with inflation, and are over-bloated.
  People then fall into the mortgage slavery.
  "Affordable housing" is a joke. It may exist at the level of council housing, but M. Thatcher sold off most council houses when introducing a new system of anti-social speculation and "privatisation".

Report Post

Your Name

Reason