Hold on! Did I read that right? Is this supposed to say, "Fool, stop right now?" I hope this is not what was meant. If so, it is extremely arrogant and unChrist-like (as is the "grade 5 math" comment), as well as poor spelling on your part.ithink wrote:Your simple example is a joke, and sorry, but you fail grade 5 math.BrianM wrote:Where do I get the extra $100? From you! You pay me $100 to mow your lawn B-) problem solved.Mummy wrote:I loan your family $500 bucks with $100 interest charge. Your family members work for each other - pay each other money for goods/services to your hearts content. Only $500 goes in the door to your home and $600 has to come out....where do you get the extra $100???
Glad to see someone else chiming in, and catching on to what I see as a hole in the theory presented...
To summarize... Mummy, you are saying it's mathematically impossible, without new debt or new money printed/pumped into the system, to pay off all the debt and interest.
The problem I see is that while you're saying it's "mathematically impossible" you're only using the scenario's that make it impossible and not the scenario's which reveal it is possible... if we're just trying to see what's mathematically possible we can use any scenario, however unlikely or unrealistic, so long as it is also possible scenario.
What has been presented by myself, and teancum, is that there are possible scenario's which reveal the hole and show that it is in fact mathematically possible to pay off all the debt and interest without taking on new debt, or feeding more money into the system.
One more simple example...
Mr. Smith owes $130,000 to Mr. Banker. This is the total of his loan plus interest... Mr. Smith built a huge slide, and people pay him $100 to slide down his slide. Mr. Banker happens to love slides, he loves them so much, he slides down the slide about 10 times a day - thus Mr. Banker is giving Mr. Smith $1000/day! Mr. Smith takes that $1000/day and gives it right back to Mr. Banker... Thus we see that the same $1000 continues to circulate between Mr. Banker and Mr. Smith... No new money into the economy, no additional debt, just a circulating exchange... Therefore the debt Mr. Smith owes to Mr. Banker is decreasing by $1000/day, and within 130/days Mr. Smith is debt free! No new debt, no new money into the economy... And all the other people in the community also happen to offer a product or service that Mr. Smith loves just as much, so eventually they too have their debts paid off. Everyone is debt free, and the money continues to be exchanged for the various products and services available in the community. Oh, and Mr. Banker had to switch professions after all the debts got paid off.
You see - It is mathematically possible, under certain possible scenario's, while maybe not likely or realistic, it is mathematically possible to pay off all the debt and interest, without new debt or new money.
You say Mr. Smith owes 130K for a slide. Full stop right now, you've made a massive error.
I never knew this forum was a good source of anti-Mormon rubbish! If I was really looking for that sort of thing, I would talk to Jerald and Sandra Tanner or Ed Decker.ithink wrote:You say we cannot have debt, but you belong to a church which holds you in perpetual debt to Christ with a debt that can never be paid. Well surprise surprise, you also belong to another organization on this planet to whom you also owe a debt that can never be paid, and how does it feel?
Aaahhh... So during the Great Apostasy, the corrupt Christian Church of the Dark Ages was holding fast to the Iron Rod on their way to the Tree of Life, while the Restored Church today is somewhere in the mist of darkness??? More anti-Mormon rubbish...ithink wrote:900 years ago, anyone practicing usury was excommunicated from the Christian church. With that in mind, I can only say God help you all that continue to sustain this bastard financial system child of the devil, because if I was in a position to do so, I would start purging in the same way that old Christian church did.
Really?! That does not appear to be the case from your unChrist-like behavior illustrated above. ithink, you may think you are smart but I am sure you are far from perfect (as are most of us--including myself). Your elitish behavior just makes me say =;ithink wrote:I am willing at every point to receive more knowledge.
