Humpty Dumpty had a great fall....part one

We live and participate not in a capitalist culture, but in a debtist culture.  Why?  It's easier until it's not.

Capital requires savings derived from past effort.  Since it is derived from past effort and productivity, its value is not speculative.  We know how much work, material, and time was required to produce the tangible or intangible item reflecting the aggregation of those items. (For the moment, set aside the variable value of the measuring and exchange tool — money — itself.)

Debt, on the other hand, is intrinsically wholly speculative.  While the principal lent may appear to be fixed, and the return is stated in a way which may be definitely computed, its value is completely contingent on future events.  Will it be repaid, or not?

Where the source of principal is capital, only the lender is at risk.

Where the source of principal is debt, at least two lenders (more in our current system) are at risk.

In our current system, where does the money financial institutions lend come from?  Coming in part two....

Hello World!

This blog is intended to just reflect my idiosycratic view of the universe and happenings therein (and maybe out...). Hope you enjoy, or are at least led to think a little differently.