Wednesday write in: Debt thrust down throats

Debt thrust down throats

I enjoy reading the debate, or what at present constitutes a debate, on the new dam proposal for the Makaroro River. While many are in support we don't have any concrete evidence that the system will benefit those actually involved "on the ground". While our rural leaders openly support the proposal on the evidence presented so far, which is to say the least brief.

In debt based fiat money systems, growth is the lifeblood but as long as the top demands a yield greater than those at the bottom can sustain eventually the system collapses. The moment the unproductive workers demand more than the productive can sustain the system collapses.

This is what we are witnessing at present, it's what's behind the economic speed bump we appear to be entering. It's not a speed bump it's the end of a system that can no longer support itself. For years and years those at the top have taken more than they give and those at the bottom have been forced to pay higher and higher yields for the luxury of surviving.

Now, back to the dam. In our debt-based money system we require growth or get to face the years of incompetent leadership and the failure of what constitutes economics.

We are addicted to growth, it's the base of our very existence, if the serfs stop borrowing the system implodes, at present the answer to that problem is for the collectivist state and its entities to borrow for you and force growth down your throat.

Growth is essential in a debt-based money system or there is no ability to pay the interest, there is no new money being created to support the previous borrowing.

The problem is, all we have is debt, every dollar in our society was produced as debt, your deposit is just someone else's promise to pay. The government borrows to give "life's blood" to the system, to borrow on our behalf so those at the top can continue to take more than they give, and we promise to pay sometime.

If the economics of the dam don't stack up then by god we will make you do it, because we know what's best, in reality the regional council is just doing the devil's work but the spoon is not long enough.

Compounding growth in numerous areas is ending, like bacteria that exhaust the Petri dish.

Who knows the outcome, perhaps one day a Chinese destroyer will turn up in Napier and demand payment for a pile of cheap flat screen TVs and crappy outdoor furniture that no longer exists, or an irrigation dam that failed to live up to promises but for which we "promised to pay". Will they subject us to a naval bombardment? Maybe we will get out of the problem by selling them some more dairy land.

Perhaps we will just eliminate some people, think of that as you load you sons into troop carriers proud in their new uniforms, flowers pinned on their breasts by the young maidens, battle anthems played by bands in the streets, envious older men watching on.

And then the burned fool's bandaged finger goes warbling back to the fire.

Andrew Wilson, Otane