Search results

It would not be the same as borrowing there would have to be an institution that would asses the risk of giving someone a loan and would appraise property for capital loans. They would need to be heavily regulated, transparent constantly audited and give all info to the public domain. Their...

I really do not subscribe to conspiricy theories. I also do not automatically decide they are not true either. The bigger the conspiracy the more proof I would need. Someone saying it is so is not proof to me. I never read that article I saw him on a video.

What you are saying is true under the present economic rules but it does not apply if there is no interest since interest drives inflation. There would be set terms and asset seizure or fraud charges for non-payment as we do now.

I am saying that without interest the costs of goods would drop substantially I would not have to do $550,000 worth of work to buy a $250,000 dollar house that cost cut equates to a much better quality of life. You would get a lot more goods for the same amount of work. I do not believe...

I understand what you are saying I am just saying a system with no interest would knock the price of everything down substantially and would still allow people who made good decisions to prosper more than most. The ability to make money by leveraging interest would be gone but there are lots of...

I did not think this up myself Richard Cook is one of the places I learned about it the only reason I even considered it was the island story. I guess it is not circular logic really it just applies to a different economic ytem than one that would have no interest. Most people would not...

I have never heard those conspiracy theories. I learned about this from a story explaining how on an island it is impossible to pay back the loan. You would have to counterfeit the interest otherwise it is impossible to pay back $1050 on a $1000 dollar %5 loan you would have to borrow the $50...

Under the current system a loan at %0 would be quite foolish because the interest rates the bank charge necessarily creates inflation. Say there is a $1,000,000 worth of goods so the bank gives someone a capital investment of 1,000,000 with an interest rate of %5. Say he pays back the interest...

There is also a company called Blacklight Power who there was a story about recently called Blacklight Power Inc. He says he has found a new process to release energy from hydrogen molecules. Normally I would discount such claims as I am sure CNN Money would but the very interesting thing is...

There are already solutions to the lanspace requirements in the pipeline concentrator technology is a first step in some case increasing energy per sq ft %40 that I know of. I would not be surprised if that percentage increases rapidly in the next few years. This would just mean that the area...

I have no idea about a conspiracy as I've said before. All I am saying is that the money we pay for interest equals out to paying very large sums of money in exchange for an efficient bartering system. I am saying that the goods we make are the fundamental drivers of our economy not the paper...

The main problem is that the interest we on average pay to the banks is compounding on itself faster and faster now. The fundamental problem here is interest and can be explained like this: A bank lends the people $1000 the term is a year and interest is %5. The big problem is that...

You are telling me you would rather work longer and longer hours for the same quality of life then work less for the same quality of life or the same hours for increasing quality of life. You would rather give banks huge percentages of your income to provide a service you could get for a much...

I can guarantee you I would be much much happier in a slower system than having to work 2 hours extra every week that goes by to have the same quality of life. Our quality of life is worse now than it was 30 years ago. 30 years ago 1 man could support his wife and two kids easily now both...

Loans could still be given to businessmen with experience just like now. The two things that would change would be no more interest and much less inflation in the market. There was a period 2-5 years after the Great Depression when everyone was surprised that prices were actually going down...

I am not trying to be mean either but the actual problem is not that I did not go to economics it is that you have alot of preconceived notions because of the way you were taught about how interest works. You're ideas are clouding your way of thinking and making it seem much more complicated...

A bank loan with no interest is no different than a bank loan with interest you could try that with any bank they will take your assets and give you a horrible credit rating with possible charges of fraud and jail time. The loan would have a term like any loan it is not infinite. I...

But the currency has no intrinsic value by itself. Only the goods we as a society make has an intrinsic value therefore it is actually the fundamental driver of growth not the paper. There is absolutely no need for them to charge interest they are not giving you anything that has a value to...