Chapter 9 - A Room Full of Indebted People

Example: Private Banking Corporations: (interest accumulates).

There are ten people and myself in a room and you are one of the ten. You represent the people of the nation and I am a bank. I lend each of you $100 at ten percent interest. I have lent out $1000.

This time, I will make it even more realistic. I will add interest, but I will not require you to pay this interest. The interest will accumulate. The amount of money available to trade will remain at $1000, but the money owed to me will grow exponentially. The figures for twenty years are: $1000, $1100, $1210, $1331, $1464.10, $1610.51, $1771.56, $1948.72, $2143.59, $2357.95, $2593.74, $2853.12, $3138.43, $3452.27, $3797.50, $4177.25, $4594.97, $5054.47, $5559.92, $6115.91, $6727.50. So at the end of 20 years, there is $6727.50 owing to me of which $5727.50 is interest. Yet there is still only $1000 of money in circulation.

Exponential Interest on $1000 at an interest rate of 10%
Years Available Money Debt Interest at 10% Cumulative Interest
0 $1000.00 $1000.00 $0.00 0.00%
1 $1000.00 $1100.00 $100.00 10.00%
2 $1000.00 $1210.00 $210.00 21.00%
3 $1000.00 $1331.00 $331.00 33.10%
4 $1000.00 $1464.10 $464.10 46.40%
5 $1000.00 $1610.51 $610.51 61.05%
6 $1000.00 $1771.56 $771.56 77.16%
7 $1000.00 $1948.72 $948.72 94.87%
8 $1000.00 $2143.59 $1143.59 114.36%
9 $1000.00 $2357.95 $1357.95 135.80%
10 $1000.00 $2593.74 $1593.74 159.37%
11 $1000.00 $2853.12 $1853.12 185.31%
12 $1000.00 $3138.43 $2138.43 213.84%
13 $1000.00 $3452.27 $2452.27 245.23%
14 $1000.00 $3797.50 $2797.50 279.75%
15 $1000.00 $4177.25 $3177.25 317.72%
16 $1000.00 $4594.97 $3594.97 359.50%
17 $1000.00 $5054.47 $4054.47 405.44%
18 $1000.00 $5559.92 $4559.92 455.99%
19 $1000.00 $6115.91 $5115.91 511.59%
20 $1000.00 $6727.50 $5727.50 572.75%

This scenario is close to the system that we have at present. The current system is characterised by ever increasing debt and interest. Any attempts to pay off the debt with the money available creates a shortage of money in circulation which induces a recession or depression. Any further reduction in the debt is impossible. Unless, of course, we get another Napoleon to come along and cancel the debts. Sometimes a coup by the army can be a good thing if they implement a debt-free money system. This is why numerous persons in the Old Bible implemented Jubilees. In a Jubilee year, all debts were canceled. There are Jubilee societies in many countries and they need supporting.

My suggested websearchs are 'jubilee' and 'debt cancellation' My suggested websearchs are 'jubilee' and 'debt cancellation'.

Your country will never be destroyed by a foreign army, it will be destroyed from within, firstly by control of credit, then by control of political parties, then by control of public opinion. Parrots rule!!!