You made a great effort to explain a difficult scenario.
I'd like to point out another aspect of the money question that most people do not see.
First of all, Article 1, Section 10 of the US Constititution still says" no state shall make any thing but gold and silver coin lawful money in the payment of debt".
Gold and silver are substance which must be labored for by individual people to find it, get it out of the ground, refine it, and mint it into usable coinage.
The people who do this work, especially when it is private individuals like prospectors, set the value/pricee of the substance when they engage in the initial transaction/trade wherein they "issue" that substance into the "economy" based on what their labor and other investment involved in the process is worth to them and with other market factors influence such as "supply and demand" and that first transaction will generally be an equal exchange, like a barter for other needed goods, etc., with no debt involved and therefore no interest accruing to the exchanged amount. All subsequent transactions regarding that particular substance as it makes its way around through the economy should also be debt free, interest free equal exchanges.
Now look at all "non-substance" money systems in comparison.
Because whatever the "currency" is that is used, ie paper, junk metal tokens, talley sticks, electronic entries, etc. it all has to be "controlled" by some entity like a central bank who is then the "issuer" and of course they don't just hand the stuff out, it all has to be "borrowed into circulation" by someone, generally a combination of government and private entities,which means that every cent is part of the principal of a loan which has interest attached to it as well. So, not only does the central bank(federal reserve) make over 9000 percent profit on the manufacture of each "dollar" bill, they then lend it out and charge interest on top of it!!!
That's why our country is now hundreds of trillions of dollars in debt to the banksters. And the common man is nothing more than a wage slave being taxed to death to pay all the interest on all the loans of both his own doing and that of all the various governmental agencies at all levels that are borrowing money to build all kinds of stuff and do all kinds of programs using borrowed money(bonds, etc) to do it all with. And, the interest just continues to snowball.
IF we were just following one law from the bible, the one that says "thou shall not lend or borrow anything with usury(interest)" we would all be millionaires.
Stick that in your pipe and smoke it!
Re: Paper Money Sucks
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