Mortgage Debt

These debts are merely IOU's.

In fact all debts that these financial wizards have built their money empire upon are just IOU's.

How could they ever consider them an asset? The economy of the world is being sucked dry by financial leeches. The only use for an economy in the first place is to provide human beings with their physical-biological necessities and simple pleasures. And the labor of human beings is worth whatever they, as a collective group, can produce and distribute.

So that if Mercedes can produce a Mercedes-Benz for every adult who drives, than everyone who wants one should get one. After all, their labor went in to the production and distribution of it.

What this blowout means is the death of the medium of exchange-money. We are seeing it happen before our eyes.