Debt based fractional reserves
This is incorrect. Basic accounting tells us otherwise. This idea only looks at one piece of the equation.
And the demographic issue has nothing to do with the monetary system. What you are referring to to is government budgets and debts.
The economy can't handle less slaves being born because the economy is an unsustainable scam.
It depends on new slaves being born to perpetuate the Ponzi.
Didn't think this fact needed arguing.
And what's with the comment about "basic accounting" tells us that debt based fractional reserves aren't real? That's a really bad hill to die on.
The idea that it is debt based money means that you are only looking at one side of the equation.
You keep saying that reserves are debt. That is misleading since you are only looking at one side of the equation. That is what I mean by basic accounting. You are dealing with ledgers.
To be true, reserves would only show up as liabilities when created. They do not.
Reserves are assets that can create debt liabilities if so leveraged.
Why are you creating confusion where there is none?
How is any of this relevant to the entire world economy not being an unsustainable ponzi that vampirically sucks the lifeforce out of everyone? Demographics do not matter if society can reach equilibrium.
Society can't reach said equilibrium because our entire vessel of commerce is a systemic cancer that depends on perpetual growth. If you're trying to argue against this you aren't doing a very good job. I'm not sure why anyone would try to argue against something so obvious so I'm just going to assume you're getting caught up on the finer points of the banking industry. The global statement I'm making stands tall regardless of how we got here.