Today's blog post by hypertiger

Poof!

How do you sustain growth of the economy if the money supply does not grow?

From 1944 to now the rate of growth of the total money supply has been about 7.5% per year...Meaning that you lend out 1 Dollar in 1944 at roughly 7.5% yield per year and 64 years later you would have $102.36

Or let's say the total money supply of 400 Billion US dollars in 1944 basically cycles through the same process and keeps getting acquired and then relent back into circulation every year at roughly 7.49% for 64 years...You will need a money supply of 41 Trillion dollars to support that.

So without a continually expanding money supply there is no way to sustain the top who live off the yield from the bottom...

So forget the FEDERAL RESERVE you have to eliminate the belief that attaching interest to the medium of exchange is good.

Attaching interest to the medium of exchange is the cause of the FEDERAL RESERVE...

The FEDERAL RESERVE did not create compounding interest.

Well then what created Interest attached to the medium of exchange?

RICH PEOPLE. You kinda have to be in a position where you have piles of money to lend back to the people that slaved their asses off supplying it to you to be able to attach interest to it...

So then as soon as you start going around telling RICH PEOPLE that what they are doing is wrong...you are DOA.

Under a static monetary system if it was implemented now...There could be no yields greater than mine output and the population would have to be drastically reduced back to pre commercial banking levels...But civilization as you comprehend it has been as dependant upon compound interest as you are on eating and breathing for over 1000+ years and while the FED is significant...it is only 1 Central bank of over 100 in the 314 year old Global branch network...The current Global economic system is as dependant upon the 314 year old global credit system to sustain it's continued existance as you are on eating and breathing...

Here is the key...IF YOU ALL DESIRE THE 314 YEAR OLD SYSTEM ABOLISHED THEN YOU BETTER BE PREPARED TO KISS CIVILIZATION AS YOU KNOW IT GOODBYE...

Because without a functional credit system the whole global system that you currently see in operation can not function at all...can not exist.

Can you imagine existing without the possibility of interest attached to the medium of exchange?

Well you all better...Because that is just one thing that currently exists that must be eliminated to avoid the implosion...

The implosion that is currently in progress can't be avoided...but the next one can...and to accomplish that simple feat...Interest attached to the medium of exchange is one of the things that human beings do that they have to stop doing.

And if you tell me that you can have your cake and eat it too and create a system that does not inflate to maximum potential and implode but allows interest attached to the medium of exchange...

You are either a liar or a moron...
Similar to Hudson's thesis I posted here