Simple Currency

in money •  8 years ago 

My friends are simple minded individuals not so interested in worldly issues or problems. They have their own problems they say. So everyone I know is sick and tired of hearing what I have to say. I will make this as short as possible because I know the attention span of most are quite short.

Currency Supply = Loans - Interest

Does that equation look good to you?
Most people have no Idea or even tried to understand that simple equation. That equation is a scam that the Banks have been playing LEGALLY for over 40 years now. I won't get into how we reach this state. I will explain the equation if you are interested and if you are, I have a fun game that you can try to further explain how this works so you can see it in action.

Currency Supply = All the Loans outstanding in the country by ...
[You]
[Your Boss]
[Your friends and family]
and
[Your government]

Thats right all them participated in the creation of Currency by PROMISING to pay back a loan that was created by a bank. Whats the harm in that? Well I'm glad you asked. Most of my friends eyes glaze over or have more important things to do than understand this simple subject.

However there is one simple thing that most people do NOT understand.
That is the Interest, You have to pay the interest right? That is the cost of that loan right?
Your saying now - "Fuck I knew that already! Tell me something I don't know"
Ok

The bank created the loan and gave it to you and all the other aforementioned parties. They all have to pay the interest on those loans. You- " OK get on with it"
Ok

My question is Where are you getting the currency to pay that loan? Where the fuck is the Currency to pay that interest? The bank gave you Currency to the tune of the loan BUT not the Interest.
Are you seeing the devil in the details?

That supply of currency that is out there is all the loans created and all those parties are working on earning the currency to pay off all those loans from the supply created by banks BUT the Interest those parties ALSO HAVE TO PAY has not been created.
Is it getting MORE clear now?

Hmmm No?

Well for this to work and keep working NEW LOANS from NEW PARTIES have to be supplied to the Currency supply that all parties that are (STILL earning)=(STIL Learning) and paying off [loans+Interest]
This is the reason why we have BOOMS and BUSTS.
Makes more sense now?

Ok I promised you all that fun game to play that will make this all make sense.

Go into your closet and pull out that dusty Monopoly game board and grab some friends but don't tell that you have an alternative motive.
Play the game and when that first person looses allow the person who is the bank to offer him a loan (with in game money) after all they are your friends right?
Charge interest every time he goes through GO.
See what happens.

Thanks for taking the time. Have a wonderful day and keep that child curiosity of life.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @ragnox2007! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment