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kevthorne
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How to stop the Depression

- Antal E. Fekete - Gold University

And then do away altogether with the 'get something out of nothing' (ie: not working for it) lunatic's idea of 'interest'.
Take out a loan today, and you'll get charged 'interest' at some arbitrary percentage, decided only by the lender. The fiat money to pay the interest is not created; only the principal is. So begins the contraction of currency supply.
On a gold standard it follows naturally that interest cannot be charged on a loan, because unlike fiat currency, gold cannot be created from nothing, so the 'interest' shenanigans won't work. Human nature will always want a free lunch - guess that's why the finances are in such a mess, now.

Commented 2834 days ago

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Beginning of the headline :Capital erosion is not natural nor is it inevitable. Rather, it has been inflicted upon the world economy by the unmindful and irresponsible monetary policy of the United States in deliberately driving the rate of interest to zero... Read More

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