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.

Advertisements

Jared Diamond: Societal Collapse

Vodpod videos no longer available.

more about “Jared Diamond: System Collapse“, posted with vodpod

If you listen carefully to what Jared Diamond is saying in the TED video above, he is describing not a five part, but a six part power curve into a systemic singularity. This has been one of the core themes of discussion of this blog.  We all seem to be too close to our problems to see the commonality.  The interrogatives come into play here:

  1. Goals
  2. People
  3. Functions
  4. Forms
  5. Times
  6. Distances

Times and Distances being the basis on which the higher orders are built.

When we look at the recent economic “crisis” we see 300 trillion in currency circulating and roughly 1 trillion to 2 trillion shifting suddenly and unexpectedly.  We witnessed a systemic collapse, a singularity, a tipping point, a power curve, an exponential change, a phase transition or whatever label you want to call it.  These have been happening everywhere since Time and Distance began in different contexts and orders both in human and non-human systems.

What Jared Diamond and other alarmists are implying is that human society is now a system approaching its final singularity in this century on this planet.  We are implying that today we are experiencing a less than one percent crisis on a power curve into a singularity.  How many more iterations will the global system withstand?  Will humanity make the step into space successfully before we experience a global dark age?  How will the six or more factors in the power curve play out?

The truth to me appears to be that power curves whether they play out or not result in either a systemic climax or anti-climax followed by a systemic collapse.  Would it not be better if we experienced a systemic climax that led to us expanding into the solar system?

Systemic collapse seems to be the fashion of this generation.  Every generation looks with fascination at its own youth, maturition, reproduction and acceleration into mortality.  Some die early, some die late, but all die.  It is an irrevocable law of nature.  It is not about self-interest.  It is about what self-interest is defined as.

Related Posts:

Beyond the Singularity

Servitas and Libertas

Posted in Uncategorized. Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . 2 Comments »