> Date: Sun, 17 Jun 2001 15:34:09 -0000
> From: turmel@... ("John C. Turmel")
> Subject: [cea-usa] TURMEL: Interest-free Money Mathematics

Jonathan Chance asks if anyone understands the math at
http://www.cyberclass.net/turmel/bankmath.htm

From experience, no one will answer.
Is is similar to Buckminster Fuller's idea?
He gave the commencement speech to my Carleton engineering
class way back when!
Actually, you have to take my simple blueprints and see where he gets
it right and where he gets it wrong.
As for a no-math explanation, I tried to put it ALL to VERSE, even the
math, at my 3 main money poems
http://www.cyberclass.net/turmel/pombank.htm
http://www.cyberclass.net/turmel/pombank.htm
http://www.cyberclass.net/turmel/pombank.htm

Finally, can't get simpler than poker chips which can be issued on
any and all collateral worth and denominated preferably in time even
though the basket-of-goodies crowd come close to next best.

I keep telling them, it's poker chips. Why cah the average 12-year
old get time-based poker chips issued by any certifying authority
that are worth the same everywhere.
Try it. GEt some 12 year old to read the algebar and they'll get it.

But the final point is that anyone who says they don't get it without
having played the game with a few friends haven't done their
homework.

Come back and tell me that you and four friends did the game but that
you all couldn't figure out the difference between interest banking
and service charge banking and then we'll go public.
Till then, trust the fact that the math has been flaunted in the
public domain as soon-to-be Nobel Prize-winning equations and despite
such grandiose challenges, the equations stand unchallenged 22 years
later.

And the fact that the Bishop of Worcester in hisbook Grace And
Mortgage says he understands why all the economists in thye world are
wrong about Inflation Shift A and the Engineer is right about
Inflation shift B, and no wonder no one ever challenges the math in
public.

The math is right but it's simply to unbelievable that we could have
been so fooled for so long.

Anyway, I've done my job. I've explained it to the comprehension of
engineers to algebraic adepts.

It is as simple as it sounds. That's the only thing that's hard to
understand.
And interest is stealing from the poor to give to the rich with the
resulting death of the poor.

Wish I had more time to spend on money matters but if I legalize
herbal medicine, they might then help me legalize our interest-free
bank accounts and prohibit loansharking once and for all. Even 1%
interest is worse than 20% service charge.

LETS Cancel Debt Growth First! Then work on debt.
John C. "The Banking Systems Engineer" Turmel
http://www.cyberclass.net/turmel
For anti-bank and pro-LETS community currency adventures and reports,
subscribe to http://www.egroups.com/group/turmel
For links to over 700 timecurrency systems in over 45 nations:
http://www.cyberclass.net/turmel/urlsnat.htm