When you borrowing money from the bank, there will be always deadline you need to repay your debt.
What if that deadline is the expired date you can filled in?
Then you would become rich people in the society.
That how the “rich money” people become rich by explode the that loophole of the current fiat paper money system.
What is a true purpose of currency/money?
The main purpose is act like a “credit” paper so that others can “repay” others via work.
Ok what you are saying here makes some sense. The rich people are exploiting "cheap" money with low interest rate or being banking middle men charging others higher interest rates or middle manning the work with consultants is what you are trying to get at?
When you buying products/services from others using fiat paper money. You are excepting the sellers do the same to you with your other talent (products/services). But if that sellers do not comeback but rather “stacking/storing” fiat money paper, then that when the inflation appear, that when there is the rich and poor group in the society.
This is where you lose me and the concept of "inflation". What you are describing is "deflation" if the rich held all the money and people lost their jobs and had no money to spend then this would be deflation. Inflation is when there is constant printing of money. Take for example a crypto that thinks by adding an extra zero or so to your balance will help you rather it will dump due to inflation whereas BTC gets lost stolen and people hodl its because it is scare so that is deflation (your argument holds little merit). The rich aren't storing money but using it to chase other goods/services/investments typically like you do without realizing it everyday. They know fiat money has no backing so they'll use it to chase other goods because it will erode in value until it is zero and currency is reset like what is happening now.
What if the fiat money paper have expired date within (like 5-10 years)?
Then there won’t be any inflation, there won’t be much difference between the “rich” and “poor” group since the only way for the “rich” got richer by storing wealth and use that to “manipulate/cheat” the system via buy low sell high !
And the ultimate result is the society will be much more stable and more fair !
Then there won’t be any inflation, there won’t be much difference between the “rich” and “poor” group since the only way for the “rich” got richer by storing wealth and use that to “manipulate/cheat” the system via buy low sell high !
And the ultimate result is the society will be much more stable and more fair !
Your solution just exacerbates the phenomena of what I stated above as people will rush to buy the best good/service/investment that will help them get richer which is how capitalism works. My question for you is once the money expires what happens to it?
But the question is do any national government have gut to tell that truth of life or they are all in the same bed with the rich group and never want to change ?!
You must find your own answer.
If you put above theory on the social media and to your friend/family, I doubt it will ever able to come online due to censorship !
That big loophole of the system is the root of all chaos between nations.
The economic trade war will gone if all nations know that loophole and fix it with better system.
Best Regard,
The Savior
I think your real battle is with the people who are billionaires and political oligarchs that believe their monied perception is the end all be all and that they are gods and hopefully not the small business owner pulling in $250K a year that has 1-2 employees if any (this would be the 1% when your war is with the 0.000001%).