Usury: Banks Have No Money, They Lend Debt

The practice of charging interest on debts is called “usury”.

The Ancient Greeks executed usurers. Every religious text says usury is an evil practice. Why? Because using money to make money produces nothing. It is social paracitism.

The entire financial system, Banking in particular, is based on usury.

Banks don’t have any money based on assets. They create money based on debts and interest on debts.  Where do you think the word insurance comes from: usurance.

This makes banking a legalized ponzi scheme where all the money and the security ultimately goes to the financeers.

This creates an exponential economic model where the collapse of the system is continually on the horizon.

The stock market is a massive usury market and creates an unsustainable growth model that is consuming everything.

The Ancients were right. Usury is the path to hell for all of humanity.

Returning to an economy limited to trading commodities and eliminating usury would free humanity and save the environment.

In a healthy system money circulates because commodities perish.  In an unhealthy system money circulates to perpetuate the ponzi scheme.

All those trillions of dollars are the figment of a banker’s imagination.

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Web 3.0: A Herd of Leaders

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Google signaled the end of Web 1.0 Infrastructure and the beginning of Web 2.0 Information.

Is WolframAlpha signaling the end of Web 2.0 Information and the beginning of Web 3.0 Knowledge?

I have been thinking about the recent comments of Seth Godin about Social Networks on TED.com.  Personally, I believe Seth is behind the curve and that Social Networking is becoming a bubble as platforms are becoming commoditized and Social Network companies are springing up everywhere without properly thought out business models.  Eventually, venture capitalists will get wise, pull their money out and the bubble will burst.  Web 2.0 is dead.  Long live Web 3.o.

WolframAlpha.com is probably the Web 3.0 shot that is being heard around the world.  A new generation of search engine for a new generation of knowledge-based internet technologies.

Social Networks will continue to exist.  All of the small Social Networks will be gobbled up by the biggies.  However, the center is shifting from the profiling of Web 2.0 focusing on the needs of the business to gather customer information back to the needs of the customer to gather product knowledge.

Relational databases focused on the values, information.  Associational databases will focus on the connections, knowledge.

Look forward to a new economy and a new plethora of business models.

Web 3.0 is here.  Knowledge is Power.  Power is Leadership.  Knowledge is Leadership.

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