The Lifecycle of the Substitute and Its Purchasing Power, 10

In the case of debt/credit it exists and circulates in addition to that of the product, being the commitment of a future delivery; as to who is entitled to the additional purchasing power created out of nothing, it is implicitly agreed to grant it to the debtor out of trust, as an investment and against a commitment of a related future delivery. In the case of fiat debt money the purchasing power of the medium of exchange exists and circulates in the sheer absence of the product – of any corresponding product at all! – as there is neither any existing nor any future product behind it; as to who is entitled to the additional purchasing power created out of nothing, the problem is fraudulently concealed so it won’t be detected and arisen by the owners of the actual products whom, knowingly or unknowingly, gift the issuer with some of their purchasing power in exchange for nothing plus the privilege of being charged an interest for the gift given. No increase of purchasing power out of nothing with certificates of ownership; moderate, temporary and justified increase with debt/credit; unlimited, permanent and unjustified increase with fiat debt money.

In conclusion, in view of all that we have seen, in my humble opinion we can state an important basic principle: creating purchasing power, such as that of media of payment, out of nothing without due product is a crime; creating it without awareness, understanding and consensus on the part of others is a scam, too, and hardly others would consent to it once they know and understand. Charging an interest on it is no less than a paradoxical and exponential crime and scam. Making that interest compound is a further exponential multiplication of that paradoxical and exponential crime and scam. Even if all these crimes yielded profits too negligible to bring about infinite debt traps, there would be no reason in the world why someone ought to be the sole beneficiary granted the privilege of a flow of purchasing power stolen from others in exchange for nothing anyway, no matter how negligible the loot. Considering how these crimes are the foundations on which infinite debt traps are built, and considering the order of magnitude of their fallout, nothing else deserves to be called a crime against humanity more than these crimes do. And they factually are: in addition to be logical consequences, these are proven inescapable facts under the nose of anybody that cares to observe.