isn't the debt fictitious?

03.II.1430

According to some like paul craig roberts, the amount of debt associated with the infamous "troubled assets" may be in the tens of trillions (t-hens of trrreeeellions). How could that be?

Could it be that the debt exceeds "all the money in the world?" If so then how come? Why is that debt so large? After the stupid terroristanian real estate market was NOT that big ! So Where does all this debt come from?

This reminds of the absurdity of the cold war reality that stockpiles were sufficient to destroy the earth several times over.

In reality the debt must come from the combined projected earnings coming from / in the form of INTEREST on the original "bad" loans.

All this debt, like most of the money that circulated the world due to the monstrosity of fractional reserve lending by banks, for hundreds of years, is fiction.

It is the price of money. Something that is set arbitrarily at the pleasure of the lenders.

The accumulation of debt must have been growing for a while with the rate approaching exponential growth. Shouldn't this in theory lead to an eventual insurmountable and huge shortage of redeemed value in a sort of catastrophic "final run"? I'm not really sure, but if i understand correctly it's part of central banks' jobs to prevent this from happening - but this is another story.

For this case, the case of the bad debts, the packaging as "investment" of so much "value" that was to come from INTEREST payments on bad debts is actually fictitous as investment as a debt.

This huge amount of "troubled assets" in the tens of trillions which is actually calculated interest should to be fair be null.

And the investment (a sickening euphemism for generation of value out of charging interest on debt) is thereby equally fictious and null and void.

So why don't governments wise up and declare all those obviously fictitious "assets" null and void once and for all?

As an indication of just how fictitious these "assets", these interests, are , imagine instead of us declaring them null and void they just suddenly disappear?

Is anything going to go missing from the world? Nothing would be amiss. Because all that "value" those assets are nothing but thin air. Hot air, chewing of mouths, and dishonest ink on paper.

Not even the debts themselves would disappear.

For erasing those unlawful and fictitious interests need not address the original real estate loans at all.

Roberts in his article cited earlier enumerates a few of the insanities in terroristani behavior today. But they pale when compared to the insanity of continuing to pretend that those interests hold any intinsic value. Sure the interests are legal, in that they are codified into common law, but this does not mean those laws are sound.

It is past time to wipe those, wipe interest, wipe fractional reserve lending , wipe the fictional fiat credit standard of money; it is past time to wipe the whole slate of centuries of fraud clean.

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