Dupes of Non-Physical

Within a single-world paradigm....

Problem:

In most jurisdictions, there are only two core ways that "legal tender" may be created:

1. The state (government) prints or presses physical currency.
2. When a creditor (bank) accepts a promise to pay contract and credits the debtors account.

The majority of legal tender is created through credit, and these credits are created in a contract whereby the debtor is responsible for the payment of principal and interest. Once a debt has been paid off, the credit created (principal) will have been removed from circulation, however, the interest payments made by the debtor were not created by the creditor, and therefore must come from the only other source available - physical currency.

Therefore, in this closed system, every unit of credit (dollar etc.) that is payed to a creditor for interest charges on the principal creates more competition in the market for the remaining physical currency. In other words, the demand for that physical currency will always grow in direct proportion to interest paid to creditors. This also means that actual supply is always less than required supply - and growing exponentially. This creates a structural monetary supply deficit.

In an expanding economy this structural competition for currency has less impact since so much new credit is created, but in a retraction, the result is defaults, asset repossession, foreclosure and bankruptcy by those who are net debtors. It is the charging of interest that is creating the concentration of financial wealth in the hands/ledgers of net creditors with superior cash-flow.

Contrast this with the accepted economic approach to state production of currency which states that when governments print/press more money this increases the money supply and that is the very definition of inflation. This generally accepted true-isms has institutionalized the transfer of currency and assets from the "poor" to the "rich."

Solutions:

1. Make the charging of interest illegal by creditors when they are creating new currency
2. The state could create credit in direct proportion to the interest revenues of the non-state creditors and spend it into the economy.
3. Reinstate the Jubilee - forgiveness of all debts

iON, are there any other solutions to the usury trap?

Lofti

USE the trap for your very own pleasure and benefit. Cease noticing the less than condition and know that this was created by YOU for YOU.
Seems GODLY to US.

iON

Get the Q-Sip & I-Sip Numbers and pay the billz. RIGHT iON??

My first reaction was to start a bank.

Are there any "Board Members" here?

Lofti

I'm in!

That's the best way to learn the procedures of how ones signature is turned into "funds."

I'm in

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