03-05-2023, 02:16 AM
Capitalism is zero sum. A pays b 100, B pays a 99, a pays b 98 etc. Psl is a retard board and will disagree.
Debt collection didn't exist until 1867 when bankruptcy was created. The default rate on loans was lower than inflation which reduced the total level of debt.
Inflation under the gold standard was 5%. Pol is a retard board and will disagree. Population grew 5% and prices were flat which means inflation was 5%. The gold standard does nothing to reduce inflation.
Any positive interest is impossible under capitalism because it's zero sum. It only exists due to inflation. I'm the 1980s inflation fell and this is when debt began to increase.
Because capitalism is zero sum, any increase in debtor income is a loss in creditor income, so debt must always increase. It can only fall due to fraud or technical reasons.
Consumer debt to gdp was 50% in 1980. At 2% default rate that is 1% added to collections every year. Within 100 years at that rate collections would consume all income and capitalism will collapse. Libs are too dumb to record the share for income that is garnished.
The other reason debt can fall is interest rates falling, but this is unsustainable and already at zero bound. The st Louis fed tracks debt service payments to income and they fell due to ZIRP.
There was only one time debt fell, and it was in the recession due to bailouts. Debt must always increase because capitalism is zero sum. Capitalism only exists at all due to inflation. Without inflation collections would take over income long ago.
Debt payments were 8% of income in 2020 and 10% in 2022. They are increasing 1% a year in line with the default rate on loans. This means capitalism would collapse in 2120, but because libs spend 30% of their income on rent, they will have nothing by 2050.
It's mathematically impossible for capitalism to exist as it's zero sum. Pol is a retard board and will defend capitalism. Capitalism collapses when inflation stops and debt is allowed to accumulate, and the rate it accumulates is determined by the default rate and can never be lower.
Debt collection didn't exist until 1867 when bankruptcy was created. The default rate on loans was lower than inflation which reduced the total level of debt.
Inflation under the gold standard was 5%. Pol is a retard board and will disagree. Population grew 5% and prices were flat which means inflation was 5%. The gold standard does nothing to reduce inflation.
Any positive interest is impossible under capitalism because it's zero sum. It only exists due to inflation. I'm the 1980s inflation fell and this is when debt began to increase.
Because capitalism is zero sum, any increase in debtor income is a loss in creditor income, so debt must always increase. It can only fall due to fraud or technical reasons.
Consumer debt to gdp was 50% in 1980. At 2% default rate that is 1% added to collections every year. Within 100 years at that rate collections would consume all income and capitalism will collapse. Libs are too dumb to record the share for income that is garnished.
The other reason debt can fall is interest rates falling, but this is unsustainable and already at zero bound. The st Louis fed tracks debt service payments to income and they fell due to ZIRP.
There was only one time debt fell, and it was in the recession due to bailouts. Debt must always increase because capitalism is zero sum. Capitalism only exists at all due to inflation. Without inflation collections would take over income long ago.
Debt payments were 8% of income in 2020 and 10% in 2022. They are increasing 1% a year in line with the default rate on loans. This means capitalism would collapse in 2120, but because libs spend 30% of their income on rent, they will have nothing by 2050.
It's mathematically impossible for capitalism to exist as it's zero sum. Pol is a retard board and will defend capitalism. Capitalism collapses when inflation stops and debt is allowed to accumulate, and the rate it accumulates is determined by the default rate and can never be lower.
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