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    Author Topic: Economic Devastation  (Read 504858 times)
    TPTB_need_war
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    April 27, 2015, 12:03:32 AM
     #1361

    The Knowledge Age alters the economics such that usury is no longer viable. Please read the following. I think it is fundamental that you be exposed to the specifics of this concept:

    https://bt.irlbtc.com/view/355212.msg11193804#msg11193804

    After you've consumed that, ping me and I will dig up the link to the futures argument. We need futures, but they must expire as soon as margin is exhausted. We can do this with technology. Then all your complaints against them evaporate. And they are very necessary, because without hedging farmers would be destroyed by the 7 lean years (by the serendipity). See a farmer has fixed investments. Review the link above so you can gain some insight into how fixed capital inertia (a form of liability) is a fundamental generative issue.

    Elimination of usury at the time when fixed capital liability was unavoidable due to lack of Knowledge Age technology put society into a Dark Age. Usury can only go away when the reasons for its demand have been vacated by technology.

    Anonymous (not the female, but rpietila can surely guess who this is) wrote:
    > usury can't be eliminated with force.  Different concept than "can't be
    > eliminated".
    > usury was eliminated through education in the Bible, in the book of 
    > Bible Gateway passage: Nehemiah 5 - New International Version

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