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mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

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 Post subject: Depositors bring down Dutch bank
PostPosted: 31 Oct 2009, 10:38 am 
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Joined: 29 Jan 2008, 6:06 pm
Posts: 731
The Dutch deposit guarantee scheme pays up to €100,000...

Paul Lewis Presenter, Radio 4's Money Box wrote:
Customers of the Dutch bank DSB have forced it into bankruptcy by withdrawing £550m of their savings in just 12 days.

They were encouraged by campaigner Pieter Lakeman who runs the Mortgage Grievances Foundation.

He appeared on Dutch television on Thursday 1 October and told customers it was "in their personal and collective interest to take their money out".

Professor Jacob de Haan of Groningen University said Mr Lakeman was protesting about the way the bank lent money.

He told Radio 4's Money Box programme: "The bank was under attack and being criticised for being aggressive. Many people borrowed much more than they could afford and as a consequence some were in severe financial troubles."

He added that Pieter Lakeman believed it to be in the interest of those borrowers if the bank went bust.

Failed rescue

Within hours of the broadcast the bank's website collapsed, the bank blamed hackers and money was draining out. By the weekend the bank was discussing a possible rescue by a consortium of five other Dutch banks.

Read more at the source:http://news.bbc.co.uk/2/hi/business/8323991.stm




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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



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