Notices by Paleface (paleface@nicecrew.digital)
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Come on man, don't try to ruin a perfectly fine quip like that.
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I don't even like apples all that much.
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...and you're blackpilling?
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Expose how based they are?
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Happened multiple times already. So far they managed to shut them down. So far.
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If by busted you mean blatantly faked as we've known for absolutely sure since 2009's CRU leaks, then yeah.
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They're in the model, and the model doesn't lie.
Duh.
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I'm an accelerationist as far as America is concerned because their inevitable collapse under the weight of infinite niggers will give Europeans who already have organized and highly supported groups that teeter on the edge of direct action a much better chance.
¯\_(ツ)_/¯
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"Après moi, le déluge."
Charles de Gaulle, probably.
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The Blitz was arguably Hitler's worst mistake, since by RAF accounts the Luftwaffe was very close to completely ending British air power when he decided to switch strategies from targeting their airfields to the Blitz.
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Uh, America as it was created did absolutely end with the civil war, what has existed since then is something else entirely wearing its skin as a poorly fitting and ever-decomposing disguise. It's almost done rotting now.
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You're arguing from within the system. There are plenty of ways to compensate for time preference without resorting to compound interest; of course the end of compound interest on loans would necessarily mean the end of compound interest on deposits.
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The equation is a made up one, dude. It's not the only possible way to lend money. A willing government could easily forbid it with little impact on the real economy (would devastate finance parasites, tho, I'll play a tiny violin in their memory).
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Yes, it's just one of many ways to model for future value, which just happens to be the most predatory one and the most beneficial to the lender at the expense of not only the borrower but of the well-being of society itself. And if you eliminate usury and all other forms of financial rent-seeking hiding under other esoteric formats by law then that "elsewhere" will be limited to productive activities, which is an absolute positive.
As a bonus we get a few hangings as examples are made when they inevitably try to circumvent the spirit of the law using pilpul.
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Imagine thinking that the money lent by banks comes from people with savings.
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No we don't, because none of that requires compound interest - or even interest - to exist. You're trapped within a made-up financial framework designed to benefit unproductive rent-seekers. And lol at "fixed by the market". Lmao, even.
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So unlike you tried to imply, the money does not come from savings deposits. Savers will be fine. They'll have myriad options, including participating in non-predatory lending schemes.
By the way, fractional reserve is also largely a fiction today, easily circumvented by creative accounting (i.e.: pilpul).
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Who the fuck cares about preserving current artificial ROIs? And do you think that the predatory part is the spread?
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Precisely zero of those things depend on usury or compound interest. The system would not collapse if it was banned, but some rent-seekers with funny noses would definitely jump out of tall financial district buildings.
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No, the concept of banks is not predicated on compound interest, just like public infrastructure is not predicated on banks, just like loans are not restricted by savings deposits.
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- 27 Apr 2024
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Paleface
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