- Sir Josiah Stamp, Director and President of the Bank of England during the 1920's
Dear Economists of the World,
In all your wonderful economic concepts and models it appears to me that you have missed one important fact. And that fact is the interest on all loans is never payable! Add this little bit of knowledge to all your models and they all fall flat on their face.
If one individual borrowed all the money presently in circulation in the world today, when it came time to repay the loan plus interest he or she would only be able to pay the amount of the original loan as that is the only money that was borrowed and thus the only money that exists. The interest would remain unpaid. Divide that one loan into the billions of pieces that represent billions of borrowers in the world today and the result is the same. There is always only enough money in existence to pay the original loan. The interest remains forever unpayable.
When you finally understand and know this as a fact, you will see how debt must accumulate with those who must buy resources from other while having few or no resources to sell in return.
You must learn that by using the private debt money system that is in place in the world today poverty cannot be avoided!
It is my belief and hope that all economists truly desire to create a world economic model that will result in every human being having the ability to earn a decent living. And one that guarantees that a decent living for one does not mandate poverty for others as our present money system does.
This can only be accomplished by using some form of the public credit money system. Have you heard of that one before or is it something someone forgot to teach you?
Only by using the public credit money system will the world be freed from poverty. Only then will 20,000 not die each day from starvation. Just think of the true joy and peace you can help manifest in our world of abundance.
Become a true hero and stop working for the International monetary Fund and the World Bank.
Thanks for listening,
Please see: http://members.shaw.ca/theultimatescam/index.htm