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The biggest EVIL about interest is that it cannot be paid. Therefore it is COMPOUNDED. Let me give an example of the difference of COMPOUND INTEREST and SIMPLE INTEREST. $1.00 loaned out at the time of the birth of Christ at 3% COMPOUND INTEREST would be $19,342,814,713,834,066,795,298,816 SIMPLE INTEREST would be $59. $1.00 loaned out at the same time at 6% - COMPOUND INTEREST would be $2,075,564.540,495,770,000,659,356,622,933,159,968,008,080,198,784. SIMPLE INTEREST would be $118. MONEY BE WITHOUT INTEREST AND WITHOUT DEBT The Saracen Empire forbad interest on money for 1,000 years, and its wealth outshone even Saxon Europe. Mandarin China issued its own money, interest-free and debt-free, and the European traveller, Marco Polo, was astounded by the wealth and civilization of the Mandarin Empire. Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe that was built by this money system. So much of what the Nazis did had to be stopped. However, the destruction of the Nazi menace was also a convenient opportunity to repudiate all of their policies - including the success of their money supply - and thereafter bring Europe back under the heel of the Bankers. Of course, how a country spends its created money (such as on the ills of war) should not take away from the power and usefulness of this system of money supply. However, this history of money does not even appear in the textbooks of public (government) schools today. By the issuance of money and credit in the above manner the nation's total money supply can be increased to meet the nation's needs with no disadvantage to anyone and with advantage to all. All will benefit from the increased ease of exchanging goods and services with more money available. THE IMPORTANT THING IS THAT THE MONEY DOES NOT HAVE TO BE TAXED OR TAKEN OUT OF CIRCULATION TO PAY BACK TO THE PARASITIC BANKERS. As stated before, it would remain in circulation for generations at no cost to the citizens, except for printing replacements for paper currency as it wears out. |
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