tag:blogger.com,1999:blog-648884752216444797.post1925179515428585254..comments2024-03-28T09:59:13.754-07:00Comments on bionic mosquito: Ban Interest!bionic mosquitohttp://www.blogger.com/profile/12002548958078731031noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-648884752216444797.post-23311914616559632262013-01-28T08:40:28.168-08:002013-01-28T08:40:28.168-08:00Here is my reply:
http://bionicmosquito.blogspot....Here is my reply:<br /><br />http://bionicmosquito.blogspot.com/2013/01/ban-interest-via-democracy-global-force.html bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-5151325023169010372013-01-28T06:09:02.963-08:002013-01-28T06:09:02.963-08:00I have answered most questions asked and you can f...I have answered most questions asked and you can find the answers here:<br /><br />http://blog.naturalmoney.org/130126.html<br /><br />Jonatan intends to reply on those answers within a few days.Bart klein Ikinkhttp://www.naturalmoney.orgnoreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-26705880922907295042013-01-26T13:58:13.640-08:002013-01-26T13:58:13.640-08:00gpond
I re-read your comment in the context of th...gpond<br /><br />I re-read your comment in the context of the text you quoted. This really is a good point and I wish I thought to make it myself in the article.<br /><br />Basically, instead of those who borrow paying interest, it will be those who save that pay interest (in another form, but the end result is the same). <br /><br />It truly is upside down, especially when considering that wealth increases from savings, not from spending.<br /><br />Thank you for this.bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-4260435038209519842013-01-26T12:17:01.718-08:002013-01-26T12:17:01.718-08:00"Who receives this fee? Is placing a holding ..."Who receives this fee? Is placing a holding fee on money held, not equivalent to making ALL money usurious? Instead of a fee (interest) on borrowed money, we are to prefer a periodic fee (interest) on ALL cash balances?"<br /><br />Yes, this is one of the inconsistencies. I recall someone once promoting the JAK bank where interest is neither given or received. But there were bank fees that ended in the same result (not demurrage, but just straight bank fees).<br /><br />I decided to pursue this because I want to make my understanding and critique more precise. I find that a good way to do it is to write out my thoughts. <br /><br />Beyond this, I am virtually certain of the outcome. But this will be fully dependent on the ability of Mr. Ikink to respond directly to my questions and concerns. <br /><br />As you know, advocates of such a system could not do this at DB when probed by DB or any number of the feed backers. I hold higher hope for Mr. Ikink. <br />bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-21799574071258082852013-01-26T11:59:51.606-08:002013-01-26T11:59:51.606-08:001. There is a holding fee on the money at a rate o...1. There is a holding fee on the money at a rate of 0.5% to 1.0% per month.<br /><br />gpond: Who receives this fee? Is placing a holding fee on money held, not equivalent to making ALL money usurious? Instead of a fee (interest) on borrowed money, we are to prefer a periodic fee (interest) on ALL cash balances?<br /><br /><br />Furthermore, maintaining a cash balance is prudence itself, because the future is inherently uncertain. The size of this cash balance will vary depending upon the upcoming needs that are perceived by the individual, as well as the perception that not all upcoming needs are perceivable (uncertainty).<br /><br />If this prudence is punished, will not imprudence be encouraged? Will this imprudence make the "system" less risky; less prone to crisis? <br /><br />BM, I will enjoy reading all that you write on this subject, but I am struck with the idea that each of us will be wasting our time…<br />gpondhttps://www.blogger.com/profile/01013837189187920036noreply@blogger.com