E. Michael Jones: Does Well Pointing-Up Problems Just For Basic Defintions Of Terms
(Apollonian, 1 Apr 14)
This fiat-money can be issued as debt, as it is today by US Federal Reserve, or not--but either way the commercial banks get hold of it and end-up lending it, even at low int. rates. The PROBLEM then is the inevitable INFLATION of prices which demands the waves of this fiat-money be curtailed, sooner or later, and when this necessary DEFLATION happens the loans, even at the low int. rates, CANNOT BE RE-PAID for the obvious reason of drastically reduced quantity of "money" in circulation available for repayment of the loans.
Then Jones talks about "capitalism" (which is actually just FREEDOM and free-market) which he additionally fails to understand or define in any meaningful manner.
Then there's the "RACISM" issue--so what's wrong w. racism?--it's just LOYALTY, by definition, as anyone can see by ck-ing the dictionary.