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Here’s What Happens If They Erase All The Debt In The World [Video]

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And many more in the upcoming weeks

What Would It Mean to Erase All Debt?

We are living in a time when too many of our financial resources are allocated to non-productive activities — principally the accumulation of wealth by “making money with money” and a myopic focus on economic activities that service our massive debts. This is why people work at jobs they hate. It is why investments are not being made in renewable energy, public education, the arts, health care, or the eradication of poverty. We have built a massive financial house of cards on debt — with money itself coming into being when loans are taken out, a pool that grows exponentially due to the interest that accompanies it — and so we are not able to bring consumer culture to an end or focus our creative talents on planetary sustainability.

By the way, this is exactly what my friends at /The Rules are trying to address in their global mobilization effort.

So if we were to erase all debt, the 7 billion people alive today could focus on their passions. We could all come together to address global threats — be they resource-based like the scarcity of fresh water or peaking of global oil production; or cultural like the loss of spiritual meaning in the secularization of society or the soullessness of employment drudgery that comes from working long hours at a mind-numbing job.

What comes to my mind is the way cities try to implement broad solutions to address economic development, transportation, resource management, social justice, and environmental concerns. They must operate within constrained budgets that keep draining further without a clear end in sight. I imagine what would be possible if everyone was able to set out on their own intellectual and experiential journeys without the fear of a debt-collector coming to their door. How then would the peoples of this world choose to live out their lives?

Perhaps you have your own dreams of a better world for you and your loved ones. What comes to mind for you? This is not merely an academic question, by the way, because we each participate in the social realities that are lent our beliefs, our actions, and our obligations. If we were to collectively decide that our debts are no more, they would cease to exist.

Let me give you a FREE GIFT!

And many more in the upcoming weeks

This is because what we take to be real in many respects becomes so as a self-fulfilling prophesy. We each have the power to be accountants — defining “the real” by choosing what to measure and imbuing it with significance. In this way, the Gross Domestic Product was claimed as an economic alter for measuring the progress of civilization in the 20th Century. Perhaps in the 21st we will replace it with Gross National Happiness or some other novel metric for capturing the essence of our values and purpose as a civilization on this Earth.

But is removing the debt really safe? Take a look at the video bellow.

Watch The Video Bellow:

Watch also: They Asked What Disappointed Him Most About Society. His Response BLEW Me Away!

Originally written by Joe Brewer and published on Common Dreams

Sources used: anonews.co

1 Comment

1 Comment

  1. Jane McDonnell

    December 4, 2016 at 12:24 AM

    Debt is the nightmare for the poor and heaven for the rich ( who make money from it). It keeps the poor, poor- and keeps the rich, rich.
    If all the money in the world was shared out amongst all the humans in the world then we would each get approx. $5000 .
    There is NO reason for financial inequality , for anyone to be starving, for anyone not to have a home.
    If the will was there then all could change this week.

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