The Debt Pyramid Ponzi Scheme: An Analysis
A Debt Jubilee, an ancient answer to the mistake of usury.
Leviticus 25:8–13 states:
You shall count off seven Sabbaths of years, seven times seven years; and there shall be to you the days of seven Sabbaths of years, even forty-nine years. Then you shall sound the loud trumpet on the tenth day of the seventh month. On the Day of Atonement you shall sound the trumpet throughout all your land. You shall make the fiftieth year holy, and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee to you; and each of you shall return to his own property, and each of you shall return to his family. That fiftieth year shall be a jubilee to you. In it you shall not sow, neither reap that which grows of itself, nor gather from the undressed vines. For it is a jubilee; it shall be holy to you. You shall eat of its increase out of the field. In this Year of Jubilee each of you shall return to his property. (WEB)
The Debt Pyramid Ponzi Scheme: An Analysis
The debt pyramid ponzi scheme is a complex and intricate web of financial entanglements that has ensnared nations, individuals, and financial institutions. At the heart of this scheme lies a fundamental truth: the last in line pays the price. This illusion, fueled by blind faith in the nature of debt and usury, has enslaved us all. It's time to take a closer look at this predicament and explore potential solutions.
Evsey Domar's classic 1970 paper(1) "The Causes of Slavery or Serfdom: A Hypothesis" (2) provides valuable insights into the historical roots of this predicament. Domar's work sheds light on the factors that have perpetuated the cycle of debt and servitude, offering a thought-provoking hypothesis that warrants further exploration.(3)
In today's economic landscape, the concept of a "People's Debt Jubilee" has emerged as a potential solution to the burden of sovereign debt. This idea, while seemingly radical, has gained traction in academic and policy circles as a means to address the unsustainable levels of debt that plague nations across the globe.
An August 24, 2012 study (4) conducted by Professor Anthony Evans and his colleagues at The ESCP Europe Business School offers a compelling proof of concept for the Jubilee idea. By analyzing up-to-date figures from the IMF and the Bank of International Settlement (BIS), the study explores the potential impact of a sovereign debt jubilee on nations such as Portugal, Ireland, Italy, Greece, Spain, Britain, France, and Germany.
The study's findings paint a compelling picture of the potential benefits of a debt jubilee. By cross-cancelling all foreign debts owed among these nations, a sovereign debt jubilee could effectively dismantle the web of mutually destroying debt that currently plagues the global financial system. This bold move would reset the financial landscape, offering a fresh start for nations burdened by unsustainable levels of debt.
One of the key implications of a People's Debt Jubilee is its potential to destroy tax evasion and avoidance. By wiping the slate clean and zeroing out existing debts, nations would experience a windfall of tax revenue that had previously gone unpaid. This injection of funds could provide much-needed relief from austerity measures and pave the way for economic recovery.
Furthermore, a debt jubilee would shine a light on the pervasive fraud that has plagued the global financial system. The exposure of fraudulent practices and the demand for transparency in debt transactions would usher in a new era of accountability and integrity in financial dealings.
At the heart of the debt jubilee concept lies a fundamental question: to whom do we owe this money, exactly? This question has been conspicuously absent from mainstream discourse, despite its critical importance in understanding the nature of our indebtedness. It is imperative that we scrutinize the origins and beneficiaries of the debts that burden nations and individuals alike.
The European debt crisis Austerity measures imposed on nations like Greece, Ireland, Portugal, and Spain have led to widespread suffering among ordinary citizens. While these measures are ostensibly aimed at repaying debts to creditor nations like France and Germany, a closer examination reveals a more complex reality.
THE BIG INTERVIEW: ANTÓNIO HORTA-OSORIO
@7:27 I think we had an unprecedented crisis, almost unprecedented, at least for the last 70 years. And that's an unprecedented crisis originated unprecedented measures of support to the economy, which was the right thing to do. But now that that panic was overcome, we have a problem in the Western economies where we have to deliver to the economy as a people have to live within their means and to live within their means needs time in order for people to adjust their income to their debt, speaking on average. And on the other hand, now we have to also gradually repay the huge fiscal boost that the Western economies injected in the economies when the crisis struck three years ago. So we have to deleverage and we have to adjust the fiscal position that, in my opinion, leads me to believe that this recovery will be long and difficult.
In truth, the austerity measures imposed on debtor nations, and as enthusiastically advocated for by Senor Horta-Osario, late of Llyods and Credit Suisse, serve to bail out private banks and financial institutions rather than benefit ordinary citizens. The burden of debt repayment falls disproportionately on the shoulders of hardworking individuals, while banks continue to profit from their reckless lending practices.
The symbiotic relationship between debtor and creditor nations is not as straightforward as it may seem. In reality, creditor nations like Germany are bailing out debtor nations to protect their own financial interests. The interconnectedness of global finance means that the fate of one nation's economy is inexorably tied to that of its creditors.
The time has come to challenge this status quo and explore alternative solutions to our predicament. A People's Debt Jubilee offers a compelling vision for resetting the financial landscape and providing much-needed relief to nations burdened by unsustainable levels of debt.
By refusing to perpetuate the cycle of debt servitude and challenging the entrenched interests of private banks, we can pave the way for a more equitable and sustainable financial system. It is incumbent upon policymakers, economists, and citizens alike to engage in meaningful dialogue about the potential benefits and implications of a People's Debt Jubilee.
In conclusion, it is clear that the debt pyramid Ponzi scheme has ensnared nations and individuals in a web of financial entanglements. The concept of a People's Debt Jubilee offers a bold and innovative solution to this predicament, providing a pathway to reset the financial landscape and alleviate the burden of unsustainable levels of debt. It is time for us to critically examine our current financial system and explore alternative approaches that prioritize the well-being of ordinary citizens over the interests of private banks.
Sources.
How to destroy the web of Debt
By Golem XIV
A People’s Debt Jubilee
By Golem XIV
TO WHOM DO WE OWE THIS MONEY, EXACTLY?
April 8, 2011 Sturdy Blog
THE ANSWER (To Whom Do We Owe This Money, Exactly?)
April 12, 2011 Sturdy Blog
Where Money Comes From In The First Place.
Beginners start here by Bill Kruse © 2009-2013 British Mensa
https://issuu.com/corporatewatch/docs/corporate_watch_false_dilemmas_guid
Based on myths and false dilemmas, the mainstream narrative around the crisis still dominates discussion. Breaking away from this, this guide provides the arguments to debunk austerity, the tools for debt resistance, and lots of inspiration from social movements.
https://www.yumpu.com/en/document/read/63108553/there-is-no-climate-emergency
There Is No Climate Emergency, Say 500 Experts in Letter to the United Nations
Carpe Diem
October 01, 2019
This report on the excellent cintel ( Freinds of Science ) people was reviewed by the American Enterprise Institute, a look at their board of trustees sees the chair from the Carlyle Group. If you don’t know who they are it is a revolving door investment fund, John Major got on the payroll when he left office. Anyway, they are not exactly the good guys. That said they do have functioning grey cells, similarly the appearance of Kevin Roberts President, of The Heritage Foundation at the WEF Davos discussion of What to Expect from a Possible Republican Administration?
Board of Trustees
AEI is governed by a Board of Trustees, composed of leading business and financial executives.
Daniel A. D’Aniello, Chairman
Cofounder and Chairman Emeritus
The Carlyle Group
Our only debt is to Nature and ‘What Is’. Environmental Pragmatism, Live and let live.
AUTHOR:ROGERGLEWIS PUBLISHED DATE:NOVEMBER 10, 2016 10 COMMENTSON OUR ONLY DEBT IS TO NATURE AND ‘WHAT IS’. ENVIRONMENTAL PRAGMATISM, LIVE AND LET LIVE.
Mr. Gores 3 Strikes
The Forum – Behind the scenes of the World Economic Forum
from gebrueder beetz filmproduktion PRO on February 12, 2021
https://vimeo.com/ondemand/theforumvod/510151754?autoplay=1
#GoingDirect #ConquestofDough #MutualAid #CarbonCurrencyEndGame #CBDC #Aadhaar #StopTheSteal Its Not Multipolar its Schizophrenic #EndTheBIS #HonestMoney #HonestDough End the National Debt and a Larger loaf of Bread.
AUTHOR:ROGERGLEWIS PUBLISHED DATE:APRIL 11, 2023
https://drive.google.com/file/d/1m3yIG3IlpjL_C5lDnzKFLzHsloz1pP8d/view
https://cec.cecaust.com.au/pubs/pdfs/cv7n6_part2of2.pdf
It will take quite a considerable sized Rock to be thrown in the pond to prevent the Internet Filters Dam from bursting right now, Look at the Walter Burien Rock Thrown in the pond post.
And this latest one on the Debt Pyramid Ponzi scheme.
I also note that The Man who made Das FOrum the failed puffed piece for Mien Fuhrer Klaus
Also has a Film called The Forecaster about Martin Armstrong. Martin Armstrong did prison time for some cooked-up charges to do with a Gold trading/ alternative currency scheme, As with Dont look up and my sister’s theory that the Writer and Director had had one over on the producers see my don’t look up post,
I was chatting with my sister this morning about among other things Peter Hitchens's Daily Mail columns which are now only available to paid subscriptions effectively denying many of Peter’s readers the opportunity to read him.
We both remembered this film was it an establishment own goal in that it alerts people to the selfish motives of Elites rather than working as an allegory of the dangers of ignoring “The Science”.
I did a few blogs on the Allegory back-firing view my sister felt that the writer if not the producers wanted to draw people's attention to The Piper paying for the tune, I hope my sister is right about that.
it seems that https://vimeo.com/marcusvetter Either has a blind-eye for the Absurd, does irony very well, or is not quite sure whose side he is on.