MONETARY: The unpayable debt

["Dan Parker" <danparker@socialcredit.com>]

The following might be useful for those explaining the money system
to neophytes.

>From engineer Theodore Thoren, from a study he did after he
retired as veep of an aerospace firm.

excerpt

Historically, usury has been defined in terms of excessive interest. The
Truth In Money Book defines usury qualitatively, rather than quantitatively.
Usury here then, is unmonetized debt --- the debt that really is
mathematically impossible to pay for the simple reason that the money needed
to pay this debt does not exist. The only way to get more money into a
debt-based system is to borrow. Of course, this doesn't solve the problem.
It ultimately makes the problem worse.

http://www.algaoaktree.com/SpaceAge.htm

What is interesting is that official documents, such as Modern Money
Mechanics
by the Chicago Fed, will back up the claims central to the math i.e. of how
money enters
the system as debt.

rgds
Dan Parker

www.socialcredit.com