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Sunday, November 22, 2009

The Sole Purpose Of Implementing A Fiat Currency System

The idea that compound interest can be canceled out by GDP growth is a strange one, because GDP does not compound exponentially like interest on the debt does.

The sole purpose of implementing a fiat currency system backed by self-perpetuating debt is this: to infect the patient ( the workers ) with terminal debt dependency, until the debt load carried by the money supply causes depreciation of the money's value that is so rapid, the interest collected by the creditors to compensate for the inflation cannot keep up.

And then the game stops.

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