gold standard

When the US Dollar was based on gold or silver, you could repay credit debt with those metals.
Today the US Dollar is only based on paper money, so it can only be repaid in paper money.

If you sell enough property or products to equal the amount you have in debt, this will bypass the process of repaying debt with paper money.  You have to set a value on the products in the paper money you are addressing. Placing a high value on a product line is not necessarily "dishonest" for what are prices based on with using paper money in the first place?

The Recessions in USA & Europe are because of Credit / borrowing debts; Credit is essentially a form of borrowing. You "pay" credit by borrowing from a Credit Card company to pay for products or services, and repay them later once you have "money or cash" to repay your debts (borrowed amount). 
When your paycheck comes in at the end of the time period for payment and the amount is less than expected, you run into trouble.  Say your company under-performs in profits, this then reduces your ability to pay for credit debt from the previous time period.  Then you must "borrow" again from your Rich Uncle (China) to pay your debts. Stock Market profits are a form of gambling; Credit Cards are also a form of gambling.  You gamble against Fate. you gamble against the future.  Then you pray to God for a surplus; and should you not receive a surplus, you become upset and become an Atheist. 

M7 2012.

Copyright 2012 M7-UEIR, All rights reserved.