Wednesday, October 14, 2009

The Economic Parasites

Vladimir Yuri’s “Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto” blends physics, biology and economics into understanding that fractional reserve banking both feeds the parasitic banking system while destroying value of our existing money through inflation. I have no information on Mr. Yuri; the name may be a pseudonym to protect other academic work from being de-funded.

The paper gives an overview of monetary history, application of mathematics and physics to understand the benefits of fractional reserve lending to the lenders and not to the public, how the banking system creates credit out of nothing and then enslaves humanity to endless debt by design in this monetary system, how capitalistic language masks our detection of the parasitism, examples of biological parasites and their methods, the possibility that we’re entering into a “cancerous stage” whereby the parasite destroys the host, including by economic warfare, failed past attempts to rid humanity of the parasite, and possible solutions if humanity can recognize its grave condition in time.