(March 27, 2020 at 5:27 pm)The Grand Nudger Wrote: I'm not in the habit of taking financial advice from casper the friendly ghost - and I didn't need to be advised on interest anyway.
The wisdom of god has this funny habit of being whatever the person telling us about god wants it to be. Hell, big mo was a conqueror all about that tax. His religion carves these issues out as divine truth. You probably aren't much of a conqueror, and I know you're not collecting any taxes. It's almost as if god is a puppet. Your puppet. He likes what you like, hates what you hate, has all of your own hilarious peculiarities. Go ahead, try it.
Aaaaaaanyway, there are all sorts of value bubbles. It doesn't surprise me when they crash, no more so than the collapse of the god-value bubble. Take the collapse of islamic civilization, for example. I suppose that this would have surprised potentates like big mo, but we have a fuller view of history. The empire fell not because it wasn't true to it's presumed founding principles..but because it was, and they were insufficient.
If you can't see the disasters imperial capitalism did to the world, then I can't help you.
Poor countries though know exactly how the banks sucked their blood through interest on loans; favoring the rich.