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No banking regulation has ever addressed the banks purposed obfuscation of our promissory obligations to each other, nor will any banking regulation do so, because if it did address the purposed obfuscation of our promissory obligations it would be a complete eradication of banking altogether, simply because banks could not even exist if they did not charge interest, which is the inherent fault that in turn always, always, always multiplies falsified debt into terminal sums of falsified debt.
The primary school mathematics tells anyone of sound mind the remaining volume of an already deficient circulation is dedicated to always service the former sum of artificial debt, escalating any or all new sums of falsified debt in further cycles of reflation to always service the former sum of artificial debt yet again, which is clearly mathematically impossible to pay down so long as we are all paying any sum of interest (perpetual deflation) out of circulation on all our personal falsified debts to banks.
Therefore anyone advocating any banking regulation which is not addressing the purposed obfuscation & terminal exploitation of our very own promissory obligations we have to each other is therefore advocating terminal exploitation by a preservation of the very banks who rob us all today, simply because banking regulation can only at best temper or prolong ultimate monetary destruction.
And here we have ” Stiglitz” from the world bank, one of the biggest perpetrators of the crimes against humanity , with his Nobel WAR prize essentially telling us we need to artificially sustain today’s lie of economy for as long as possible so the banks can steal the remainder of all our property wealth, & of all things selling this regulation BS to the audience as if its a good thing.
Any purported investment resulting from a purported loan can only be a monumental crime of THEFT & if you increased wages the banks can only increase interest rates, stealing even further from us, which will not only artificially inflate prices, but subsequently justify taxing your income even further to service federal debt ( perpetual reflation ) that’s mathematically impossible to pay down.
Gross Domestic Product (GDP) today is the market value of all goods & services produced within a country in a given year, so the GDP is the percentage rate of the theft of ” otherwise growth ” in a given year.
Logic tells us GDP does not equate to any growth if its stolen in a pretend loan “X2 ” due to interest & purportedly loaned back as an irreversible multiplication of artificial debt giving one only the illusion of growth.
Therefore the lower GDP rate the closer we all come to ultimate destruction because we are producing less & less to service an irreversible multiplication artificial deb. The higher the GDP rate simply means there is more room for more stealing — always dedicated to service the former sum of debt of course — yet never paying down any new sum of artificial debt regardless.
Lets not forget the further crime theft, where political betrayers extort money from the people in unwarranted taxation on behalf of banks. Exploiting all those who are lucky enough to remain credit worthy at the unjust expense of all those who have lost everything through no real fault of their own, such as homeless children, which is indeed a rate of dispossession growing exponentially every day in Australia & across the world.
You don’t & you never will get a mathematically perfected economy™ from snake oil salesmen rather you get division, fear, lies & deception every time, & when that day comes, under every rock you will find hiding pretenders , usurers, advocates of usury, phony “economists” ( Joseph Stiglitz ) … & all the seekers of unearned profit who knew not even how to limit their great crime against us.
Advocate / mentor, Co-founder, Co-director – Mathematically Perfected Economy™ (au)