IMF and usury, poors are poorer

[François de Siebenthal]

Margit Kennedy:

No Anglo-American economist has

come close to countering the scam of usury --  losery

-- as has Dr. Margit Kennedy.   Her empirical findings

simply wipe the field of all opposition.   In Germany the

poorest 80% pay 1 billion Euros in interest to the richest 

10% PER DAY. Yes, that's right, one billion euros per day.

That is a grand  total of 365 billion euro's per year. That

is one seventh of German GDP and  extrapolating this

to America, the poorest 80% must be paying at least a 

trillion a year. (Migchels)

Kennedy   Why Do We Need Monetary Innovation?
 

http://www.margritkennedy.de/index.php?id=105&ord=56

http://www.margritkennedy.de/pdf/PRE_moneypres.pdf

http://issuu.com/margritkennedy/docs/pre_moneypres

 

Anthony Migchels:  When the bank creates some money by

giving you a loan, it takes the money  out of circulation when

you repay. Repaying debts means a diminishing money  supply.

The banks only provide the principal, in our previous example

200k.  But after thirty years, 600k has been repaid and only

200k was created. So  how can this be? How can 600k be

repaid by 200k?

It can't. Somebody else needs to get into debt to create sufficient

liquidity to pay the 400k interest. And the borrower of the original

 loan must start competing for this liquidity with everybody else

 to obtain that, intrinsically scarce, cash.

This means that because of the combination of debt and interest,

the money supply must grow forever. But we know that a growing

money supply is the definition of inflation and that inflation is

closely linked to rising prices.

So inflation is inherent in the system. This sounds strange,

because Central Banks raise interest rates to lower inflation,

reasoning less credit will be issued because of rising prices

for it. But the higher the interest rates  go, the more money

 must be created to pay for this interest.

Just one of the perverse side effects of interest in the

current wealth  transfer system we call 'finance'.

 

 

George:  Speculators buy the land cheap, then as the land

is developed they charge rent becoming the wealthy elite

 is the city grows and land rent increases.  Note that as

homes are foreclosed and government sells off government

 lands the new owners are foreign bankers or "ex-pat"

international speculators of the American upper loop. 

George  Progress and Poverty
http://www.econlib.org/library/YPDBooks/George/grgPP.html
 
Loans from banks are a flow.  So many million are loaned each month.
Payments to banks are also a flow.  So much principal and so much interest
repaid each month.

If there are no boom periods alternating with bust periods, the flow of
loans injected will be equal to the amount of principal being paid off.  The
interest on the loans will be the net drain on the economy.

The net drain causes the recession.  This is solved by either government
spending -- usually a war  which actually involves more payment of interest
later on  -- which is not a solution.  

Or else it is solved by liquidation of all debtors and the lender gaining
control of everyone's homes or other collateral on their loans.  And the
people get to start off with a clean slate, starting again as a nation of
powerless street people.

from Eastman.

How to open local banks with local new currency but without any interest ?
How to create and share surpluses ?

https://docs.google.com/Doc?docid=0Aep0lmjLtiXzZHNrdmhteF8zNDFmcTJoNTRmdA&hl=fr

Comment créer et partager les surplus:
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=1Kxlo32UKwGx0fVhNYmkul1mr0oKs6RyIIdzKOUAlcWVv6n83Z-Cnr8lc-EHs&hl=fr
 
Avec mes meilleurs voeux notamment pour une bonne santé

Une bonne idée reçue. A l’origine de tout message,  il y a un homme ou une femme, qui a pris le temps et la peine de nous écrire. Il nous est très agréable de lui confirmer l’avoir bien reçu. Autrefois, cela se faisait par une poignée de main ou un sourire de remerciement. 

François de Siebenthal
Economiste MBA HEC Lausanne et lic. és sc. iur.

14, ch. des Roches
CH 1010 Lausanne
Suisse, Switzerland
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Admiration.
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Krach ? Solutions...

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