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Cure for capitalism

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Giga

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Oct 22, 2008, 10:32:22 PM10/22/08
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Simply say all existing debt in the world, except that between governments
IMF etc, is to continue interest free. New debts can charge interest but
existing debt only the capital will have to be repaid.

Then the whole debt party can start all over for another 20 years or so,
then maybe it has to be done again?


Immortalist

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Oct 23, 2008, 1:02:01 AM10/23/08
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But you have not given any reasons why the current debt should be
interest free and the various consequences that could arise from that
approach. Why should the current debt be interest free and who
benefits and who loses?

Giga

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Oct 23, 2008, 11:26:13 PM10/23/08
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"Immortalist" <reanima...@yahoo.com> wrote in message
news:2c0ec71f-68bb-4c1b...@v16g2000prc.googlegroups.com...

Should have mentioned this video probably as the catalyst for this idea:

http://video.google.com/videoplay?docid=-9050474362583451279


Giga

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Oct 23, 2008, 11:36:09 PM10/23/08
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"Immortalist" <reanima...@yahoo.com> wrote in message
news:2c0ec71f-68bb-4c1b...@v16g2000prc.googlegroups.com...

Interest free to put a stop to the monster of interest piling on interest as
predicted in the film (and confirmed by my brother who is certified ((in
accountancy :))).

Those who would benefit would be everyone really except banks (and their
shareholders) for a short time, until everyone packed on the debt again
(except those who took the opportunity to free themselves).

I think this would massively boost the economy all over the world. It would
curtail the power of international banks but continue to make use of the
amazing financial system that has given the world such benefits over the
last 100 years. Without too drastic or complicated a change.


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