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Tuesday, June 17, 2008

The Compound Interest Paradox Revisited - Summary

Table of Contents

The Federal Reserve
Free Market Banking
A List of Monetary Systems
Edward Flaherty is a Troll

Summarizing, there's a fundamental structural flaw with debt-based money. Money is only created when someone takes out a loan. Only the principal is created, and not the required interest payments. Society as a whole is always in an inescapable debt hole.

The Federal Reserve operates the Compound Interest Paradox with the full force of law. Only Federal Reserve Points are legally recognized as money. Whenever you work, you must pay income taxes, and income taxes can only be paid with Federal Reserve Points. Legally, you cannot boycott the Federal Reserve. The only way out is to develop an underground agorist economy.

There are many different possible monetary systems, which have involve varying degrees of exploitation. The only fair monetary system is one where the government has ZERO regulation of banking and money. Of course, this will not happen voluntarily. The only way to achieve sound, fair money is a complete collapse of the current economic system.

If anyone ever says "There's no such thing as the Debt Virus or Compound Interest Paradox", point them to my list of examples. Once you fully work out an example, the Paradox is obvious.

Edward Flaherty spreads more disinformation on the Federal Reserve than anyone else. His lies and propaganda are cited more often than any other source.

Since my original post, I've learned more about the Compound Interest Paradox, sound money, and how to explain it clearly. If you have any other questions about the Compound Interest Paradox, let me know.

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