Advance Praise for Financial Armageddon: Protecting Your Future From Four Impending Catastrophes

"A breathtaking and coherent vision of financial disaster."
-Edward Chancellor, author, Devil Take the Hindmost: A History of Financial Speculation

"The end of the credit bubble, derivatives excesses, unfulfilled government promises, and the upcoming retirement squeeze will provide investors with their greatest challenge since the 1930s. Financial Armageddon lays out the blueprint for what will happen and how to best prepare yourself and protect your loved ones."
-David Tice, President and Fund Manager, Prudent Bear Funds

"A wonderful, entertaining, and easy-to-digest account of some very disturbing economic and financial trends. Panzner has done a great service to reveal the truth, which the overpaid Wall Street crowd and the government have conspired to hide."
-Marc Faber, Managing Director, Marc Faber Limited

"Our country faces many large financial problems that the media largely ignores. Financial Armageddon alerts you to the painful scenarios that may lie ahead, including the worst case outcome. It may not come to pass, but you will not be caught off guard if it does."
-William A. Fleckenstein, President, Fleckenstein Capital, and MSN Money columnist

"Panzner is one of the few people I know who can deal with day-to-day Wall Street action and yet have a big picture perspective-a picture he paints in Financial Armageddon as one that should terrify us."
-Bill Cara, BillCara.com (Forbes Favorite, 2006)

"Timely, accessible….Readers who follow Panzner's advice will be among the few who successfully weather the storm ahead."
-John Rubino, co-author, The Coming Collapse of the Dollar and How to Profit from It

"The definitive work on our economic future. Read it now or dwell on the consequences later."
-Bruce Stratton, SafeHaven.com

"An absorbing report on the gruesome inner workings of the Frankenstein Finance monster that is dragging the rest of our economy into a dark future."
-James Howard Kunstler, author, The Long Emergency

"A Magnum Opus of the facts and figures of the astounding monetary and fiscal stupidities of the last decade; the incredible financial ignorance, intellectual sloth, and shameful gluttony of the public; and the despicable, pandemic corruptions that made it all possible."
-Richard Daughty, the Mogambo Guru

Comments

[Bart klein Ikink]

Avoiding disaster

First we have to identify the root cause of the problems we are in, which is usury and credit. Usury is the charging of interest on money. Credit is the creation of money out of nothing.

The charging of interest is the way to slavery. This is because people may be hoarding money for a rainy day. When more people do this simultaneously, money is removed from circulation, weakening the economy. When this happens, even more people will start hoarding money, because they expect times getting worse. This is the beginning of an economic crisis. Many people will lose their income, and if they do not have money, they must borrow money against interest for unavoidable expenses such as food. As a result, the situation becomes even worse.

Credit and interest on money make it possible for an economy to grow above potential during a boom phase. In the boom phase investors add leverage using credit which further intensifies the boom, creating shortages of materials and labour resulting in rising prices. Interest on money entices banks to lend money to leveraged investors during the boom phase. Credit makes it possible to create money out of thin air, which further enables the banks to fuel the boom. When the cycle turns into bust, investors start to deleverage, which further intensifies the bust, creating surplusses of materials and labour resulting in falling prices. What most economists do not see, is that credit and interest on money are the root causes of economic booms and busts.

It is possible to achieve a much greater prosperity, with maximum capital growth without inflation, large debts, economic crises, unproductive government intervention and the unproductive part of the financial sector. Natural selection will ultimately determine the most efficient economic system, despite the political power structures that still exist at this moment. The investigation of alternatives and dissemination of knowledge will accelerate this process, but the ultimate outcome will not change. The most efficient monetary system is based on money with a hoarding fee combined with banning of credit and the charging of interest on money.

The theory is described here:
http://www.naturalmoney.org/short.html
http://www.naturalmoney.org/full-theory.html

This is not a joke because famous economists and scientists did see this too:
http://www.naturalmoney.org/gift.html

Also there is a conversion plan to the new system and a plan to build a sustainable future using this system:
http://www.naturalmoney.org/conversionplan.html
http://www.naturalmoney.org/buildfuture.html

I hope you like it. You do not have to agree with all of it to find it interesting.

Bart klein Ikink