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Forum Post: Two Sense Worth

Posted 1 year ago on March 26, 2016, 8:45 a.m. EST by agkaiser (1825) from Fredericksburg, TX
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There’s no such thing as a free market. Except for the free lunch that it’s constrained to provide for the biggest players. And it costs most of the rest of us everything and then some as we go deeper in debt to stay alive. In the end we all pay for the free market, as it inevitably must by mathematical certainty, self destruct at the exponentially growing rate of compound interest.

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[-] 1 points by grapes (4989) 1 year ago

Compound interest was the smoke-and-mirror trick used by the West to achieve its ascendancy. The discovery of compound interests and usage in banking ignited and financed the Renaissance drive to open up markets through the Silk Road, sea routes around Africa and to the Americas, and slaves to provide the labor. Europe and the U.S. became wealthy and powerful but the price included African/American slavery, the U.S. Civil War, and importing the Black Death that killed one third of Europe's population.

The Anglo-boom that turned into the Anglo-bust was the same phenomenon reenacted. An even bigger one is coming because easy-credit fever has infected ALL major economies of the world. When every central bank tries to print the way out of economic difficulties, the result is always a great bust for all.

We see the same drive for profits today with all the different free-trade agreements and airline jet travels making borders porous or irrelevant. When diseases reach New York or Washington D.C. killing one third of the population, we may ask why the biblical plague (one third of the stars shall fall) has come and shall discover that we have "dismantled the hospital's isolation wards" for maximizing profits. Freeing the markets = freeing the plagues.

[-] 1 points by agkaiser (1825) from Fredericksburg, TX 1 year ago

The sense of it is what Einstein said about the power of compound interest.

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