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Book Excerpt: The wrong math
Saturday, February 16, 2013 11:00
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This is an excerpt from The Five Stages of Collapse: Survivors' Toolkit. Please order your copy for shipment in May.
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| NOT THE COVER! |
An argument can be made that lending at any rate of interest above 0 percent eventually leads to a deflationary collapse followed by a quick but painful bout of hyperinflation thrown in at the very end. A positive interest rate requires exponential growth, and exponential growth, of anything, anywhere, can only produce one outcome: collapse. This is because it quickly outpaces any sustainable physical process in the universe, outside of a few freak cases such as a sustained nuclear explosion, where the entire universe blows up, taking all of us with it, along with all of our debts.
2013-02-16 06:03:27
Source: http://cluborlov.blogspot.com/2013/02/book-excerpt-wrong-math.html
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