[MERIT]

It IS a closed system in the sense that virtually all countries have a Rothschild-controlled central bank, rather than printing their own currency. And I guess it depends on what the people who control the Federal Reserve are willing to accept as payment.

In the old days, China would only accept gold as payment from buyers on the Silk Road. That is why they prospered.

It's defintely an interesting and intriguing topic.

I chose 5% as an example. The percentage is completely arbitrary to the point, which is apparently going over your head.

Under the current set-up, it is IMPOSSIBLE to re-pay the global debt. The amount of global currency that exists is LESS THAN the amount of currency owed to the banks that loaned that currency to the countries.

Read that twice, slowly, and let it sink in.

I'll vouch for you.

Lisnaholic

^ No, I was able to understand what you meant by "say 5%", I could even understand your arithmetic, which is why I didn't comment on either item.

^ What with the cost of ink, paper and printing machine, how much does it cost to print a $100 bill? Let's say $1. That's approximately what a government will pay a printer to make a $100 bill. The government doesn't have to pay a hundred dollars just because that is what's written on the bill. That's the part of your explanation for burgeoning government debt that I was questioning. 5% is a fine number, but isn't relevant because it's an interest rate on a loan which doesn't exist: governments don't have to borrow money from printers in order to have money printed. It's probably a very cheap process for them, compared with building a hospital or airport for example.

__________________
"Am I enjoying this moment? I know of it and perhaps that is enough." - Sybille Bedford, 1953

[MERIT]

The government isn't getting the currency simply for the cost of parts and labor. If the mint spends a nickel to print a $100 bill, they don't have a piece of paper worth a nickel, they have a piece of paper worth $100. The central banks who loan the currency to the governments don't view it is a 5 cent piece of paper, they view it as a $100 asset, and lend it out as so.