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Remionds me of the "Top 5 under 25" article. Once of the qualifiers was that to be in the top 5 you had to be self-made. The following names were on that list. Don Trump Jr. Prince of Saudi Arabia Athina Onassis Yeah, I can think of a few other "self-made" millionaires under 25. I...

NO!!!! That is absolutely false!! Your lack of math skills is becoming incredibly frustrating. The 1% I lose is axactly offset by a 1% gain of the bank. The money just changes hands, it doesn't change the quantity of money in circulation. Money can be printed by whatever entity people...

I'm sorry, but your opinions are flat out wrong. I demonstrated that in the above post. The borrower gains the exact amount of inflation. The lender loses the exact amount of inflation. The 1% difference you speak of is payment to the bank for services rendered. Exactly like paying...

It doesn't cause a loss, it simply acts as a medium for exchange. In fact, currency causes a gain by allowing specialization and trade to a much larger degree resulting in the efficiencies you speak of. Paper bills are just paper bills. If someone were to be able to precisely value the...

Not everyone loses. Only the borrower loses the amount of interest. Everyone else is completely unaffected by it. The price of the good has not changed. The borrower loses the amount of interest and gains the amount of inflation. The lender gains the amount of interest and loses the...

Still, interest is not ever causing inflation. Inflation is only caused by a proportionately greater amount of currency chasing a lesser amount of goods. Fractional reserve lending causes inflation to a huge degree, but it cannot be argued that the interest on that lending is causing the...

That would only be true if my borrowing caused everyone to have to pay more, but in the current system, my borrowing results in only me paying more. The value of the currency hasn't changed at all, I've just placed myself at a disadvantage. IOW, the price of the good hasn't changed at all so...

You are making a huge mistake in your examples. You are eliminating time from the equation. If you got a loan for $100K you wouldn't pay the 5% interest up front. You would pay it after the appropriate amount of time had gone by. During that time it is assumed that you'll have used the...

You didn't read my scenario. I wasn't implying that you have two houses, I was implying that you'de have to rent while you saved up to buy your only house. Interest has nothing to do with the efficiencies you speak of. Greater efficiency creates greater wealth in every system. Interest...

They aren't making 100% profit on your home. They are making 6% per year before inflation and expenses. There is a huge difference. IOW, they just invested $250K in you. It is taking them 25 years to make 100% return on that money, and all the while they were incurring operating expenses...

I'm not misunderstanding what you are saying. You keep stating a falsehood, insisting that inflation is caused by insterest. It isn't caused by interest, it is caused by more money chasing a proportionately smaller quantity of goods. If your bank prints money to make loans, they have just...

No, you are paying $550,000 for a house that will be worth about $550,000 when you finish paying it off in 30-years. It's called time value of money. They are chargin you the future price of the house. Consider the alternative. Let's say that at current rates the payment on that loan...

Goods are always correctly priced in an efficient economy. The seller will always charge what the buyer is willing to pay in order to realize max profit. Right now a 1/2 gallon of milk is deemed to be worth 0.002% of the average family's income. That will not change regardless of what the...

That is my point. In your system, I can't start a business until I've either saved up enough money for the building, machinery, and inventory, or I've got enough equity in something to collateralize a loan from a central bank. You've now made entreprenuership impossible for anyone in the...

I don't think he really knows what he means by no interest. It sounded good in a video from a guy who is trying to prove that the Bilderberg Group is running the world. Since it sounded good, it must make sense.

You are subscribing to one by your acceptance and propogation of his economic theory. It is based on and was written for the purpose of supporting that conspiracy theory.

But what are the set terms? If someone is borrowing money, who are they borrowing it from, and what is incentivising that person/group to lend it to them?

This is what I mean about conspiracy theorists. Quoted from Richard C. Cook "Finally I arrived at the question I had tried to avoid but which readers were constantly asking about: Was the economic and monetary chaos due to some kind of conspiracy? And if so, was the conspiracy the one so...

You're missing the point. I'm not saying that quality of life has only dropped a little. I'm saying that quality of life has INCREASED faster than average income. People are seeing the new things to buy and they are willing to go into debt to get it. There will always be brief moments when...

I say conspiracy theory because the ideas you are presenting aren't new. They are plastered all over all the conspiracy theory blogs that plague the interenet. The ones claiming that our nation is run by the Rothschilds and other Bilderberg members. Anyway, you are an overwhelming minority...