That's what the farmer asked when they pad-locked his barn even though the
new hybrid corn yielded twice the bushels an acre.

It's only money.

 But then I can't resist a Freudian scatological
suggestion. How about calling one (a credit card, i.e.)

    The "Up To Your Ass" Card

CDM

----------
>From: Tim Romano <[log in to unmask]>
>To: [log in to unmask]
>Subject: Re: value / money / debt
>Date: Wed, Dec 27, 2000, 4:23 AM
>

> What is "debt"?
> Tim Romano
>
>
> DIrk Johnson wrote:
>
> [...]    The entire U.S. (and European) system
> is based upon debt, not value.  If all debt were paid, under the current
> system of banking, there would be no money at all.
>
> The money is created from debt and then used as a "reserve" to create
> further debt under a fictitious fractional reserve (fictitious because the
> reserve doesn't actually exist except as previous debt), which in turn is
> used as a reserve upon which fractional loans and so forth again and again
> up to, if memory serves me, 23 times, when it exhausts itself.  Of course,
> new debt is simply issued by the government (bonds, bills, notes) and new
> money is printed to buy it and the whole shebang starts again.  Banks charge
> interest on all of it. [...]
>