Quote Originally Posted by JakeMartinez
GoldenBoy, are you happy with the current system or not? I can never tell (no, I'm not being condescending).

National debt is unavoidable. In a fractional reserve system, money is created out of debt. It's the most ludicrous thing I've ever heard of, creating something of value out of a liability. I just wonder why we've adopted it, then, and why in 200 years we haven't found something better.

Oh...Without a sudden, violent (as in abrupt, not bloody) change, I don't think we'll ever escape it because our current monetary system allows and even promotes corruption.
Of course i am not happy with the current system. Yet i am not one to think it inherently logical to ignore the aspects of the world because i do not agree with them. Try not to think of it as a zero sum game...

IMHO, a fractional reserve system and debt wealth creation is perfectly logical and a fine tool to use in financial systems IF it is allowed to operate on the principles of the market. Make FRB's compete against full reserve banks, and have a transparent free market dictated rate of interest.

I believe in our lifetime, we will see such measures... Im 25 though, so keep that in mind too:jointsmile: