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Austrians still believe in compound interest...that is the cause of inflation...Lets say you are a King and you impose a tax...that is what compound interest is...a tax...rich mans tax...
Now he employs a person to wipe his ass...all the farmers have to pay the tax so that the king can feed the guy that wipes his ass...What if crops are bad? And the farmers can't pay the tax? Then the King sends other people - soldiers - that the taxes pay for...and
they extract what they can...and if that doesn't work out
then you invade and conquer...
Without an expanding money supply the tax eventually sucks up all private property in the system and concentrates it...If Gold is money...compound interest will eventually suck it all up in to the hands of the few...Then those who need money have to
rent it from the top...No escape...
Eventually the top just rents out paper instead of gold to keep the slaves happy...
Unless you rise up and kill the King...
What do those idiot Austrians suggest when the bottom can't afford to support all the King's ass wipers...or
his team of Austrian economists...
Send out the fvcking death squads? And shake the slaves upside down over wheelbarrels...
I battled the Austrians...they refused to answer my questions...
"Economics is extremely useful as a form of employment for economists." -John Kenneth Galbraith
How is a King going to be punished for paying someone to wipe his ass...with the interest you pay on the money he rents to you so you can pay the interest and tax he uses to pay his ass wiper or the soldier he sends when you refuse to pay the rent or the tax? Or the whip he buys to whip you to increase your productive capacity...
'I'll help you but I expect more help in return'...You can flush daydreams of honest money down the toilet if that's your attitude...I need no incentive to take advantage of people for my own selfish desires...
Now you want to make it a universal law?
The law according to some is that compound interest must be allowed so that people who have, have an incentive to take more than they give from those who are then forced to give more than they take...
Legalized swindling is really what that is...
The person has -100 units of food and is starving and I have 1000...So that in order for them to live another year they should agree to going deeper into the hole by -120 units of food? After that put them on starvation rations throw a chain around their neck and huck them in the mud brick pits until they die...right?
I'm King, you either worship me or die...hahahahah...
Yes it is amazing all the technolgical wizardry we have...but nothing has changed in 6000+ years...it's all cosmetic...an illusion...a debt inflationary illusion that is about to end...
A fractional reserve system with compound interest so I can fund the military to hunt down people that bother me...
I'm just pointing out the mechanics of it all...
My point is that we're told there has to be compound interest or there will be no incentive to rip people off...I'm saying that you don't need compound interest as an incentive to rip people off...
Just find a starving slave and put them to work for half the usual amount of food...no need to rape them with interest charges on top of that...
The Absolute capitalists are supported by compound interest...without it
they would be forced to be productive...they would be forced to contribute...
The rich control the government -
all the problems are from taxes and compound interest...The two major planks of the Communist Manifesto call for a graduated income tax system and a central bank...both the Federal Reserve and IRS were implemented in 1913 in the USA... In 1917 in RUSSIA they had a similar system to the US a decentralized fractional reserve banking system...a free market...then after the revolution a Central bank and tax system was imposed...During the civil war the British and French supported the South...the only support the North had was Russia...they sent their fleet to blockade the English and French and cut the supply lines to the South...
The US is a Communist country, according to Marx once at least 5 of the planks are in operation...all 10 are in operation now...It is all an absolute capitalist smoke and mirror show...there is no Communism or Socialism...etc they are
sales pitches to fool weak minds...It is all a means to an absolute capitalist end...
absolute power...rule the planet...
I'm just trying to point out reality...the rulers of the world have no solutions...
you either worship them or die...
You don't need compound interest to operate a monetary system...the end...end of story...It is a complete scam...Wait until the system blows up in all your faces then it will become crystal clear...what I'm talking about...
Barter will not work...for an advanced civilization...
You need a medium of exchange...if you attach compound interest to it...it will get concentrated at the top very quickly until nothing is left at the bottom then the bottom has to rent from the top and ultimately the only way to pay rent is to borrow more and more and more...until you can't at a personal level you are shaken over a wheelbarrel at a macro level the entire fantasy you believe in blows up in your stupid faces...the end...
Here is the exact problem you are all struggling with...
'Hyper if there is no compound interest and I don't want to contribute to society how then am I going to exist if I can't live off compound interest?'
You will have to do something radical...contribute to society...
Instead of milking it...It is that simple...
Forget the mumbo jumbo about risk...If they can't pay, they can't pay...whether you don't expect more than you give or if you expect 20%.
And the argument that you need compound interest as an incentive to help people is the most stupid thing I've heard in my entire life...
Taking more than you give is not helping anyone...sorry...It's as simple as that...
It's called stealing...It called taking advantage of someone in need...It's called ripping them off...kicking them when they are down...contempt...But Hyper what's the solution? There must be a legal way to take more than you give...
No sorry...
You gain power and then pass laws to make it legal and hire soldiers to impose your will...There is no legal way to steal...
The system is going to implode because everyone believes taking more than giving is A-OK...Have for 100's of years...
I don't know what any of you are crying about then...Why am I here? What info are you looking for? Some scam or hot tip? I'm giving them to you...some easy score...entertainment?
It is simple, study absolute capitalism and start your own empire...there are plenty of books...and it is simple...What's the matter? Don't have the guts to rape and pillage? To Kill and destroy? Command armies? To order the liquidation of millions of depleted units of human capital? Absolute capitalists have a different religion than the slaves...that could be it...Beats me why you all resist the truth...why ask questions that you don't ever want the answers to?
You do not need compound interest to operate a monetary system...The only reason you would need compound interest is if you did not want to work for a living...If you did not want to contribute to society...
You think you need a loan to start a farm? What kind of retarded world do we live in? You find a chunk of land and work it boy...thats how you get a farm then with the production you trade...for lets say tools...
What are you talking about a farm? The whole thing including the freaking farmers and then you just sit there and take your cut and do nothing, Oh except keep tabs on them to make sure they are being as productive as possible because you have expensive tastes? And the bankers need their cut also...and they have even more expensive tastes...You are doing the farmer a big favor...
This is good I had no idea peoples minds were so rotted out...
Without compound interest there is no incentive to create farms...A human brain ceases to function without compound interest...
Human beings can not exist without compound interest...
On the first day GOD said let there be compound interest, and there was compound interest and it was good...'So once again, let me ask, If you don't already own the land, and nobody is willing to loan you moeny to buy it, how is one to farm? (You should be able to answer this in 20 words or so, it's a very simple question)'
You walk up to a farmer and say, can I lend you a hand friend...Labor is useful right? It can be offered...It is called helping another member of the human race...
Or You and your band of absolute capitalist thieves take it over...and extort protection...
Any interest charged is bad...I see the problem in my use of simple sorry...
Here is an example...for lending...1000 units plus 10% for 10 years would work out to a payment of 9.16 units per month total owed after 10 years is 1100 units
Amortized at 10% for 10 years it works out to a payment of 13.22/month total owed after 10 years is 1586 units
Now what if the above were for 30 years
1000 + 10% for 30 years would be 3.06 units/month total units due after 30 years = 1100 units
Amortized at 10% for 30 years would be 8.78 units/month total units due after 30 years = 3161 units
I wonder what is the cause of inflation? Compounding interest...
Amortization will turn a hard money system fractional until the gold reserve shrinks in relation to the debt and then when the gold no longer works as a basis then debt is fractionally reserved and when that does not work the system implodes...
Each level gets shorter and shorter...the gold backed fractional reseve system lasted 278 years...then the gold reserve shrank in relation to the debt created until the US ran out of gold to back its debt in 1971 then debt became the backing...and it has lasted for 37 years and is about to implode...
Anyway you slice it Interest and compound interest specifically is the cause of inflation...It can all work but there are those who don't want to work for a living...They just want Big Ben to save them...
I never have really understood why those who live off those who do the work have so much contempt for those who are making their dreams come true...Compound interest is the cause of inflation...the end...I'm not on some crusade...
Nobody held my hand...and I figured it out...I've pointed it out...it is up to you from this point to figure it out as best you can for yourself...
But you can't because compound interest is your GOD...
It took 314 years of centralized fractional reserve banking to get here...
The only time you can change the system is when it completely caves in...or You cave it in and start from scratch...There is a chance that this cave in will be enough...
The previous system prior to the FED was decentralized fractional reserve banking...It is as free a market as you can get...In a decentralized market implosions are localized...Central banks nationalize and globalize them...
You have to have something to lend if you want to lend...What do you think? Bankers create money out of thin air...er a...hey they do create credit out of thin air...and charge interest on it...and accountants are in on the action too...
The system is functioning like it is designed to function...It inflates debt to its maximum potential then implodes...compound interest accelerates this process...
This current system is 314 years old...wars and conquest have sustained it...The collape in Russia was caused by the USA...It was a looting operation. It has reached maximum potential...and is going to implode... a hyperdeflationary implosion of the money supply which is
composed 100% of debt...
The primary reason?
INTEREST BUT COMPOUND INTEREST SPECIFICALLY...end of story...
The lending of money/medium of exchange with interest attached...
The secondary reason?
FRACTIONAL RESERVE BANKING ITSELF...THE CREATION OF CREDIT(Money) OUT OF THIN AIR...end of story...Those who have farms are productive and can only be so productive...to increase production the division of labor must be increased...it is that simple...You don't need Interest of any kind to encourage that...next I suppose I will be told that men and woman would not have sexual relationships without compound interest...
GOLD? Unless you ban compounding interest attached to the medium of exchange a gold system will collapse...it is as simple as that.
If you have a static monetary supply and attach interest to it that is greater than the production of new money (In the case of Gold, Gold mining) then
the entire static supply of money will concentrate at the top of the economic food chain and the only way for the money to circulate is for those at the bottom to rent it from the top...Eventually all property that the bottom has is then offered up as collateral to the top to back up the loans...and since the supply of money is static the interest realistically can only be paid by continual borrowing...
until one by one each person defaults and any property thay have is taken away from them and they become renters...living standards at the top increase massively and cave in at the bottom...
The only way to solve this is to then fractionally reserve the gold and expand the money supply with paper and the same process works all over again until the debt or dynamic portion of the money supply grows to a point that it outstrips the GOLD monetary base and a default happens when GOLD is demanded as payment for the debt and none exists...then the system is switched to a debt backed system the entire money supply becomes dynamic and the backing system uses debt as a monetary base to create new debt...The process of the leverage of levearge runs until everyone borrows all they can borrow or the maximum amount of their income which is previously created debt is used as a basis for the creation of new debt (Borrowing) then the system implodes, the circulation of debt money contracts, and the division of labor collapses...The US was founded by mostly responsible capitalists...If they would have known how the fraction reserve banking system worked...Compound interest, Interest attached to the medium of exchange...would have been banned...It is as simple as that...
Interest and compound interest will destroy anything it comes in contact with...
All compound interest does is inflate...Imagine if you forced the population to expand by 5% a year...eventually you would reach maximum potential and then the population would collapse...
Interest and compound interest are the primary drivers of inflation...end of story
If any of you think a gold system will last in an interest and compound interest environment you are fools...totally...
All you have to do is charge higher interest than gold production and in a very short amount of time you will own everything including the GOLD mines....You will be King...Then with Taxes and interest you can maintain a military to attack other kingdoms...You don't like tyranny...then interest and compound interest must be banned...The only reason our system needs compound interest is because it is a component of it...the system if started from scratch would not need it and its lifespan (Time until theoretical implosion) would be massively extended...
But since you are all a bunch of airheads addicted to the GOD of compound interest which you think is your savior you are damned...the end, end of story...the Austrians have some ideas but are just as foolish...
The current system which is 314 years old has reached maximum potential and is about to implode...why?
Because that is all it can do, inflate debt to its maximum potential then implode...and the primary cause is interest and compound interest attached to the medium of exchange which in a debt backed by debt system is debt.
I studied monetary systems for 10 years 9.99 years longer than the vast majority of you...and Absolute capitalism for 16 years 15.99 more years than the vast majority of you...I know more than Bankers, or Economists...
Sorry for not being able to articulate this well enough for you to understand...But if you have at least one brain cell that functions the above is a head start....
Maybe the hard work that farmers do keeps them honest...maybe they have respect...I love it when a bean counter foolishly thinks he comprehends farmers. I have never met an asshole farmer...
Compound interest is the incentive for two people to become friends and work together? Without that there would be no friendship?
Maybe in the depraved world of bankers and accountants...
A decentralized banking system works fine...
the FED was created to have the power to create money out of nothing...So it can purchase unlimited amounts of cash which the treasury prints so that the commercial banks don't suffer bank runs...Commercial banks can only inflate so far...the FED extends this ability is all...and regulates the credit market...
The whole system is screwed...those fighting us are those who don't want to contribute to the betterment of society or civilization...they are only interested in milking it...and us...they don't give a rats ass...in the slightest...they love the legalized swindle system...I would too if it worked but it doesn't it is 100% terminal...all it can do is inflate debt to its maximum potential
(The maximum amount of milkers of society the system can support) then it implodes...that is all it can do...
And it is all about to come crashing down because of the system itself...
You have a choice...
you can either screw people or not...
You have chosen the religion that says it's ok to screw people over...I have not...
The system is designed to screw the maximum amount of people over then cave in...
Because once the maximum amount of people milking the system dry is reached it implodes...
I say interest and compound interest attached to the medium of exchange is the primary cause of the screw over in the context of the system...
You believe in the religion where screwing people over is a ok...so you disagree...
Because if interest and compound interest attached to the medium of exchange were banned...
it would mean you would have to work harder to screw people over...You do not like that thought...
because you barely do anything now and can hardly handle it...
I've had enough...sure screwing people over is wrong...But it is more than that...the reason the system you depend on is going to implode is because you can't screw people over forever...
The system has reached maximum screw and you're screwed...and you don't give a shit...
Banks are not bad...If banks were a bad idea then storing grain would be a bad idea...My stance is as long as the Austrians think that attaching interest or compounding interest to a medium of exchange is ok...whatever economic model they come up with is doomed to subversion and then collapse...period...
At that point they are no better than any other economist or political scientist...
Once the interest problem is solved then the lifespan of the system is increased...then you have plenty of time to ponder the problem of the legitimate expansion of the medium of exchange in relation to resources and reproduction and Taxation...which is a more complex problem that needs alot of time to work out...
I don't say money can not be lent or borrowed...You can even affix an accounting fee to it...
No interest or compound interest should be attached to the medium of exchange period...
I said compound interest is the problem...We haven't even looked at at the monetary system itself to figure out a legitimate way to expand the money supply when needed would operate...Interest and especially compound interest has to go...You don't need it to run a free market and ultimately it leads to the implosion of the market...
The profit motive is not dependant on the existence of compounding interest...at all...
Here's the stance...
'Because my time is valuable I believe in Central fractional reserve banking with compound interest attached...I dont care if it implodes some time in the future as long as I get a quick fix now....'
Everyone loved Hitler...until reality set in...
Thinking in the now...what and how they want now to be or think it is...
As long as this current system functions...there is going to be no change...none...change will destroy it...If those Austrians touched it, it would implode...The system will inflate until it implodes...that is it...It can't be stopped...It is inflate or die...for 314 years...
After it implodes...Then you can change things...It has taken the system 314 years to evolve into what it is now...when it implodes it will take decades to recover if the wars are not too bad...it would take at least 70-80+ years to become as depraved and screwed up as it is now...all over again... This cycle is called the responsible creation absolute destruction cycle...
...we are in this system...we are part of this cycle...
There is a psychological component as well...
The absolute capitalistic system has corrupted all...we are born as responsible capitalists...the system corrupts us the longer we are exposed to it...we are all suffering...
The vast majority of our thinking is corrupted...absolute self indulgent reason...the quick fix...
The system is going to implode any day within the next year...
The primary reason is compounding interest...that is it...
The system is going to cave in and it will be orders of magnitude worse than the Great Depression...
All the income you get now is borrowed and someone somewhere is paying the rent (interest) on it to sustain its existence...
It does not matter if I don't borrow...someone some where has to...or the system will implode...The total money (Debt) supply of the US is 47 trillion...The entire population of the US must borrow the interest payment due on it to sustain the debt inflationary money supply...or it will begin to contract and implode...and the division of labor will collapse rapidly...For the past 27 years exclusively the FED has dropped Interest rates on average of 83 basis points a year rates to make borrowing cheaper and cheaper to sustain the required amount of debt inflation needed to prevent implosion...
Eliminate interest and compound interest and this problem is eliminated...because the money supply can't be rented out and if it can't be rented out this problem due to "money renting" can't happen...
This is not a new problem...Interest has destroyed every monetary system in history where it was employed...The previous gold backed system was destroyed by it in 1971 so we switched to a debt backed...
there is no system to switch to once this one reaches maximum potential...You have no clue...ok? thats the truth and I'm trying to help...I'm doing the best I can before the cave in which is going to happen any day within the next year...
They all fail...every one of them...sorry in the entire 6000 years history...They fail because retards think they can't they fail and when a retard has any power he starts one up...Then when it fails he blames something or someone else...because A he is a retard and B the people who gave him the power are retards themselves or did not realize he was a retard...
"If a couch is $1000 and one wants to pay in increments, the producer could charge 100 per month for a full year, for ... 20% simple interest charge OR they could charge the customer 100 per month for a full year with the extra 200 to cover the "accounting fee". There is NO structural difference."
They would then be justified in taking a $1 stake and a $2 Hammer and driving the stake into the heart of Dracula...Here's the problem...
If it is illegal to rent money out and I don't want to contribute to society how will I exist on the rent I charge on the money I lend to people if that is not allowed?
I will either have to become a criminal or contribute to society if this legalized stealing is outlawed...
The medium of exchange belongs to everyone...charging rent on it means you own it...
Nobody should own the medium of exchange...
How can you have a free market if one person or group owns the medium of exchange...?
Answer you can't...the end, period...All I have to do to become master of all is own the medium of exchange...
All the paper money in circulation in the US is owned by the FEDERAL RESERVE...
All the debt in circulation is owned by the Commercial banks...Compound interest and interest attached to the medium of exchange will over time steal it away from all and put it into the hands of the few or one...
Gold, silver, property etc...It does not matter...
tyranny...Time is running out...Implosion will happen any day within the next year...Your opinion does not matter to me in this situation...It is a critical life and death event...wake up...If you want to I guess...
Interest and compound interest attached to the medium of the exchange so it will be subverted and collapse...100% certainty...
Interest and compound interest cause people to think less about contributing to society and think more about living off compound interest...Ultimately the only way to maintain a compound interest income stream is to
lie cheat and steal...The religion of taking more then you give has been instutionalized...
Eliminating interest and compound interest equations from the total algorithm removes the thinking about living off interest and compound interest...
and forces people to accept the reality of being productive because that is the only viable option...A bandit breaking into your house is more productive than a banker could ever dream in his wildest dreams of being...
As soon as a person comprehends compound interest...the vast majority want to do nothing more than concentrate wealth and rent it out...
The productive people in society can only support a finite number of "welfare cases."You like implosion then you like interest on the medium of exchange...
You no likey implosion then you no likey interest on the medium of exchange...
It is that simple...
If I lend you $100 I expect $100 back...see any evil? nope...
Whether I charge them nothing or crank them for 20% and they don't pay I'm still out...end of story...
Interest and compound interest attached to the medium of exchange is a bad fruit...
The creation of the medium of exchange out of thin air is a bad fruit...
The system is about to implode...interest and compound interest are the cause...
Lets say the money supply is gold...all you have to do to subvert...
Subvert...people that do not want to work for a living are basically evil...like criminals don't want to work for a living...subversion...is what evil does...Lets say the money supply is gold...all you have to do to subvert the system is to lend at a higher rate than gold is mined...the higher the better...You goal is to amass enough gold to take control of the gold mines...
It will only be a matter of time until you own all the gold...he who has all the gold makes the rules...
Once you have all the Gold then everyone if they want to use it must borrow it...
The next thing you are after is all the property...Do you see where I'm going yet?
The key to society is to be able to identify those who are subverting the system...Interest and compound interest attached to the medium of exchange will subvert the system...
Instead of people thinking of how to be productive all they want to do is live off interest...
Right now the subversion is so thick it is considered normalcy...that is one reason why most can't see how bad it truly is...Or comprehend what I'm taking about...Or realize how important it is...Once a society can not tell the difference between right and wrong good and evil...it's over...back to the drawing board...Thats where we are going...any day within the next year...it will all come crashing down...
And these unfortunate fools who believe that taking more from society than you put back in will be forced to accept the truth and see what that religious conviction produces....
their doom...
Of the 130,000,000 people in the US Workforce 71% are in the service industry... 22% are actually productive...
When this debt inflationary self delusional bubble pops...the collapse in the division of labor will be sickening beyond belief...
The Primary cause is Interest and compound interest attached to the medium of exchange...
The Secondary cause is because the medium of exchange is debt produced out of thin air...Or it could be that we are all a bunch of wickedly selfish assholes that think we are GOD's gift to the Universe...