View Single Post
Old 27-04-2012, 05:19 PM   #42
Senior Member
Join Date: Nov 2011
Posts: 158
Likes: 0 (0 Posts)

Originally Posted by jon galt View Post
Regardless if debt has interest, taking dept is living beyond your means, payed back from future earnings. Debt could still cause problems with out interest, and there would be few people willing to lend out of kindness.
Jon, what sounds more fair,
You save for 30 years while living on the street and then you pay for your house.
You take on a debt and pay for the house as you live in it with your labor.

The 1st problem is the 'obfuscation of the currency'. The fact that you have been tricked into believing that someone has to lend you money. When you go to the bank for a loan, they don't lend you existing money. You hand over a promissory obligation and they merely publish the evidence of that obligation in a legally enforceable form. What lawful consideration have they given? Nothing. They have no legal right to charge interest without lawful consideration.

The solution is Mathematically Perfected Economy™:  mathematically perfected economy™ (MPE™) is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt. Mathematically Perfected Economy™ is every prospective debtor's right to issue their promise to pay, free of extrinsic manipulation, adulteration, or exploitation of that promise, or the natural opportunity to make good on it.
mpe_solution is offline   Reply With Quote