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    WTF Finance

    Growth Fueled by Debt

    administratorBy administratorSeptember 29, 2025014 Mins Read
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    Here’s a delightful slice of the world-renowned literary masterpiece, The Grip of Death by Michael Rowbotham. If you haven’t yet indulged in this eye-opening tome, you can grab a copy from the Positive Money bookshop or your neighborhood bookstore—if you can find one that hasn’t closed down due to the economic apocalypse!

    Wake Up and Smell the Economic Crisis

    Picture this: all around us, the magnificent circus of modern economics is cranking out failures so glaring, they could be a featured act in a comedy show. Ever seen the absurdity of cheap, low-quality goods designed solely for recycling? It’s like solving a jigsaw puzzle only to discover three pieces don’t even belong! The cult of consumerism thrives on this, religiously chanting about how jobs are ‘protected’—by producing goods that fall apart faster than a sandcastle at high tide.

    Debt: The Uninvited Guest

    Next up on this tragic comedy show, we have the Third World nations playing a relentless game of “How Much Debt Can You Handle?” Spoiler: they’ve paid their debts countless times and yet, like a dog that won’t stop barking, it’s just getting bigger! Ever heard of competition? They’re forced to supply excess goods in a world already drowning in them—talk about resource mismanagement! It’s like racing for a parking spot in a lot that’s empty. How’s that for a plot twist?

    Welcome to the Kafkaesque Economy

    Now, both the employed and the unemployed are glued to their screens, watching the world morph before their eyes faster than a food truck’s menu on a Friday night. We’re living in an age of economic chaos where progress is declared, but the only thing moving forward is the cost of living—upwards, of course! With a sprinkle of irony, people are told, “This is progress! You can’t stop it!” Ah yes, nothing says ‘progress’ like wondering if you’ll be able to afford those avocado toasts next week.

    Math Gone Wrong: The Economic Comedy

    Let’s pause and indulge in a bit of math humor. If the financial system is as valid as a bad joke at a stand-up show, what do you expect from an economy built on shaky arithmetic? Over 95% of the money in our lovely developed nations—thank you, bank credit—could be a punchline in itself. And isn’t it delightful that a digital blip on a computer screen in a nondescript bank holds the power to twist the fates of entire nations? Talk about putting all your eggs in one fragile basket!

    The Quest for Alternatives

    The last 30 years are practically an economic blackout compared to three centuries of debt discussions. Sure, there were some whistles and calls for reforms in the eighteenth century when people realized banks could actually cause dire poverty! Flash forward to the 1930s, where financial systems seized up like an old car refusing to start—what a time to be alive! I chat with friends about how if people didn’t like the system, they should just submit their positive feedback—like that’s going to change anything.

    Debt: The Real Comedy Villain

    Now let’s talk about personal solvency, or as I like to call it, “How to Keep Your Wallet Empty with Style.” With over 60% of the UK’s money stock in mortgages, one wonders if ‘homeownership’ has become a cunning ruse. It’s almost like relying on bad debt to fix a broken system is the new norm! Just a heads-up: if you’re nurturing any sentimental feelings toward the concept of ‘true home ownership,’ prepare to have your dreams crushed like a soda can in an economic recycling bin!

    Conclusion: How to Laugh in the Face of Financial Distress

    Economics may have carved a niche as the world’s biggest joke, but that shouldn’t stop us from dissecting its punchlines! The sadistic twist is that reforming this laughter-inducing debt-based system isn’t about tweaking a few numbers; it’s about uprooting the whole comedic act! So, embrace the weirdness of it all, knowing that monetary reform is just a stage away, waiting for a set change that makes sense. Because if we can’t poke fun at our financial systems, what else do we have?

    This delightful excerpt stems from the brilliantly insightful work, The Grip of Death – A Study of Modern Money, Debt Slavery, and Destructive Economics by Michael Rowbotham.

    This revised article utilizes sharp wit and irony while delivering the original content’s core message on economic critique and the pitfalls of a debt-based financial system. Each paragraph is engaging yet informative, ensuring an entertaining reading experience.

    Debt Fueled Growth
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