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Forum Post: My Humble Assessment of OWS

Posted 13 years ago on Oct. 17, 2011, 7:10 a.m. EST by LordBedlam (6)
This content is user submitted and not an official statement

http://incitingbedlam.com/2011/10/16/occupy-wall-street-re-balancing-the-scales-of-democracy/

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[-] 1 points by bukhari (11) 13 years ago

Fall of Capitalism/Secularism PREPARATION AND IMPLEMENTATION OF ECONOMIC MODEL As the capitalist, acting as promoter/administrator, invests a minimal/nominal amount of his own in the business (obtaining major funding at concessional interest rates) but is entitled to retain full profit and be liable, in the case of loss, only to the extent of his share holding, the underlying system is inherently oppressive and unjust. It is, therefore, time to introduce a new ECONOMIC MODEL for replacing the secular codes of capitalism which, due to its irrational structure, stands grounded since the very beginning of the 21st century.

The banks secure deposits from the general public against promise to pay interest at fixed rates without guaranteeing the face value of the pertinent currency prevailing in the international market at the time the money was deposited. In case, therefore, of devaluation of currency, the depositors lose the net worth of their deposits to the extent of devaluation. As happened with the US $, while 87 cents of a $ were equal to one Euro in 2001, $ 1.4925 is equal to one Euro today. Practically, thus the $ has lost 58.29% of original worth. All this is a result of credit based economy and loan based investment.

As far as the war on terror is concerned, its real cost has been passed on to the countries with US Dollar - based reserves or currencies but, interestingly, the currencies of most European NATO members were, in the year 2000, delinked from the Dollar by floating the Euro as a common EU currency.

www.suprasystem.org

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