Re: Cheney's Halliburton to Control Iraqi Oil?

On Saturday 13 December 2003 22:50, Andreas Pour wrote:
> that is:  once you get into debt to the banks in a debt-based money system,
> YOU CAN NEVER GET OUT OF DEBT. In other words, you become perpetually
> indebted to the banks.

I don't see why. What the state does with money is creating a medium of 
exchange for the assets of the state, including goods and the manpower of its 
people. The debt is like a mortage. 
Only if the debt is higher than the sum of assets you can't get out of debt. I 
don't know the debt of the US, but the german debt is 15.000 EUR per head. So 
there is no theoretical problem to pay it back (it's a practical problem, you 
can hardly pay it back without creating a recession).

bye...


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