banjo_billy
06-27-2010, 02:33 AM
[This is an except from my new book,
How the Jews Betrayed Mankind,
Volume I, The Sumerian Swindle]
The Parable of Joseph’s Penny
At this point, Dear Reader, it will be beneficial to get some idea of approximately how much wealth that the moneylenders really had. To do this, the Parable of Joseph’s Penny is not out of place here. After all, you are a Reader in the 21st Century AD, so you can certainly take a break from ancient history and think a little bit about the present situation in world finance where the bankers of the world hold entire countries and all of the People in their hands as debt-slaves and tax-paying wage slaves.
The Parable of Joseph’s Penny goes like this: If, at the birth of Jesus, Joseph had loaned out one penny at a compound interest rate of 5%, how much would be in the account today if Jesus returned to collect on the investment?
The answer to this simple question has some very amazing results. If the interest was calculated yearly for 2000 years, then Jesus would be able withdraw in dollars an amount equal to $24 times 10 to the 39th power. That is, in dollars, $24 with 39 zeros after it! $24,000,000,000,000,000,000,000,000,000,000,000,000,000. Very few people can even pronounce or read such a huge number let alone comprehend such a stupendous amount of money. Or if the compound interest was calculated daily, then Jesus could withdraw in dollars $267 with 39 zeros after it. These amounts of money would buy several spheres of gold the size of the planet Earth. It’s hard to believe, but you can calculate it out for yourself to verify these numbers. That is the power of compound interest on just one penny!
But these numbers also reflect the banker’s tricks with time. Secret Fraud #10 of the Sumerian Swindle is: “Time benefits the banker and betrays the borrower.” So, perhaps some Readers can understand why the bankers claim that they are charging you, let’s say, 15% interest on your credit card but they calculate the compound interest daily rather than yearly. You assume that you are paying 15% and they do, indeed, calculate your interest at 15%. But by calculating the interest daily, the banker-devils make ten times more than what they can steal from you by calculating the interest yearly.
At first, the amounts owed in interest are relatively small. But in compound interest, as the interest owed is added to the principal, and interest is then calculated upon that sum, the amounts skyrocket with an ever steeper acceleration until it becomes absolutely impossible to pay off the huge debt and the debtor becomes bankrupt and enslaved. That’s the Sumerian Swindle in its ultimate summation, using compound interest to betray and impoverish all of Mankind. Any modern person who has fallen into credit card debt, has been swindled in this way.
Again, for comparison, what would be the amount of Joseph’s Penny if, instead of compound interest as calculated above, the interest was calculated as simple interest? For the same penny, for the same 5% per year, for the same period of 2,000 years, the amount that Jesus would be able to withdraw would total a mere $1.01 (or 101 pennies). Are you beginning to comprehend the incredible grand larceny that was then, and is today, being committed by the moneylenders, bankers and financiers? They are all swindling criminals without exception. The Sumerian Swindle has been used to betray both the people of the ancient as well as the people of the modern world. Even the simple interest of lending out two baskets of grain to get back three, is a swindle.
Or for those modern people who have fallen into the banker’s trap of buying a home on credit, here is something to think about. Even at simple interest of 5%, if you buy a $100,000 home on a 30 year mortgage, you will end up paying off the loan after 30 years for a total of $250,000. Even at simple interest, you are really not paying 5% to own a home, you are actually paying a total of 150% which is an extra $150,000 over the $100,000 price of the home. More than double the original price! The home does not increase in value, rather, the money decreases in value through the automatic inflation created by the Sumerian Swindle.
But home loans are calculated with compound interest. Using the same amounts at compound interest, a $100,000 home costs $332,194 for a total of $432,194. In other words, you are actually paying over 400% for your home. Such are the frauds of the modern bankers.
How the Jews Betrayed Mankind,
Volume I, The Sumerian Swindle]
The Parable of Joseph’s Penny
At this point, Dear Reader, it will be beneficial to get some idea of approximately how much wealth that the moneylenders really had. To do this, the Parable of Joseph’s Penny is not out of place here. After all, you are a Reader in the 21st Century AD, so you can certainly take a break from ancient history and think a little bit about the present situation in world finance where the bankers of the world hold entire countries and all of the People in their hands as debt-slaves and tax-paying wage slaves.
The Parable of Joseph’s Penny goes like this: If, at the birth of Jesus, Joseph had loaned out one penny at a compound interest rate of 5%, how much would be in the account today if Jesus returned to collect on the investment?
The answer to this simple question has some very amazing results. If the interest was calculated yearly for 2000 years, then Jesus would be able withdraw in dollars an amount equal to $24 times 10 to the 39th power. That is, in dollars, $24 with 39 zeros after it! $24,000,000,000,000,000,000,000,000,000,000,000,000,000. Very few people can even pronounce or read such a huge number let alone comprehend such a stupendous amount of money. Or if the compound interest was calculated daily, then Jesus could withdraw in dollars $267 with 39 zeros after it. These amounts of money would buy several spheres of gold the size of the planet Earth. It’s hard to believe, but you can calculate it out for yourself to verify these numbers. That is the power of compound interest on just one penny!
But these numbers also reflect the banker’s tricks with time. Secret Fraud #10 of the Sumerian Swindle is: “Time benefits the banker and betrays the borrower.” So, perhaps some Readers can understand why the bankers claim that they are charging you, let’s say, 15% interest on your credit card but they calculate the compound interest daily rather than yearly. You assume that you are paying 15% and they do, indeed, calculate your interest at 15%. But by calculating the interest daily, the banker-devils make ten times more than what they can steal from you by calculating the interest yearly.
At first, the amounts owed in interest are relatively small. But in compound interest, as the interest owed is added to the principal, and interest is then calculated upon that sum, the amounts skyrocket with an ever steeper acceleration until it becomes absolutely impossible to pay off the huge debt and the debtor becomes bankrupt and enslaved. That’s the Sumerian Swindle in its ultimate summation, using compound interest to betray and impoverish all of Mankind. Any modern person who has fallen into credit card debt, has been swindled in this way.
Again, for comparison, what would be the amount of Joseph’s Penny if, instead of compound interest as calculated above, the interest was calculated as simple interest? For the same penny, for the same 5% per year, for the same period of 2,000 years, the amount that Jesus would be able to withdraw would total a mere $1.01 (or 101 pennies). Are you beginning to comprehend the incredible grand larceny that was then, and is today, being committed by the moneylenders, bankers and financiers? They are all swindling criminals without exception. The Sumerian Swindle has been used to betray both the people of the ancient as well as the people of the modern world. Even the simple interest of lending out two baskets of grain to get back three, is a swindle.
Or for those modern people who have fallen into the banker’s trap of buying a home on credit, here is something to think about. Even at simple interest of 5%, if you buy a $100,000 home on a 30 year mortgage, you will end up paying off the loan after 30 years for a total of $250,000. Even at simple interest, you are really not paying 5% to own a home, you are actually paying a total of 150% which is an extra $150,000 over the $100,000 price of the home. More than double the original price! The home does not increase in value, rather, the money decreases in value through the automatic inflation created by the Sumerian Swindle.
But home loans are calculated with compound interest. Using the same amounts at compound interest, a $100,000 home costs $332,194 for a total of $432,194. In other words, you are actually paying over 400% for your home. Such are the frauds of the modern bankers.