2013-05-26

And On Interest Rates....?

130304 JUST DEFIANCE And On Interest Rates Edition

Notes off the internet, downloaded after researching getting a personal loan from my bank.

Interest rates became the focus, unnerstandably enough, and I was a bit smitten once I did my sums.

So..., in my inimitable style, I was atook (?) off to the higher plains, and was betook by a spirit, whose name it seems, was Lucifer!

Here's what he asked me to download and scribeth to-eth the laptopeth.....

As per topopage date, I researched this in March, but didn't want to post it online, because I was then, “courting” the bank for a personal loan!

I still think the bank will make life even harder for me for posting this now, especially for the content suggesting that the banks have a legal case to answer regarding their deceptive advertizing on interest rates.

However, as they and pretty much everyone around me, are intent on driving me to suicide anyway, for refusing to play their witchcraft games, albeit to my overall detriment, I admit, and as I've changed my mind on getting a bank loan, for now, I think in the interest [!] of good journalism, current with the rude facts that the “OCCUPY Movement's” “1%” of super elite including the most senior executives and beneficiaries within the banking world, are still stealing the vast majority's opportunities for making an honest dollar/euro/pound/ruble/shekel/cheese-cracker, demand that someone with a wide reach to the masses - should refresh the masses' minds as to this rude perversion of the monetary system.

Therefore........ I PROTEST!!!

Combined excerpts from a few

“Compound interest was once regarded as the worst kind of usury, and was severely condemned by Roman law, as well as the common laws of many other countries.[2]

In one passage, the Bible addresses the charging of interest in the following manner:
Take no usury or interest from him; but fear your God, that your brother may live with you. You shall not lend him your money for usury, nor lend him your food at a profit.”
— Leviticus 25:36-37

The Qur'an explicitly mentions compound interest as a great sin. Usury (oppressive interest), known in Arabic as "riba", is considered wrong:
O ye who believe! Devour not usury, doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful.”
  • Quran 3:13

Richard Witt's book “Arithmeticall Questions”, published in 1613, was a landmark in the history of compound interest. It was wholly devoted to the subject (previously called anatocism), whereas previous writers had usually treated compound interest briefly in just one chapter in a mathematical textbook. Witt's book gave tables based on 10% (the then maximum rate of interest allowable on loans) and on other rates for different purposes, such as the valuation of property leases. Witt was a London mathematical practitioner and his book is notable for its clarity of expression, depth of insight and accuracy of calculation, with 124 worked examples.[3][4]

Further explanatory notes taken off Wikipedia on:

Compound interest
Compound interest arises when interest is added to the principal, so that, from that moment on, the interest that has been added also earns interest. This addition of interest to the principal is called compounding. A bank account, for example, may have its interest compounded every year: in this case, an account with $1000 initial principal and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, and so on.

In order to define an interest rate fully, and enable one to compare it with other interest rates, the interest rate and the compounding frequency must be disclosed. Since most people prefer to think of rates as a yearly percentage, many governments require financial institutions to disclose the equivalent yearly compounded interest rate on deposits or advances. For instance, the yearly rate for a loan with 1% interest per month is approximately 12.68% per annum (1.0112 − 1). This equivalent yearly rate may be referred to as annual percentage rate (APR), annual equivalent rate (AER), annual percentage yield, effective interest rate, effective annual rate, and by other terms. When a fee is charged up front to obtain a loan, APR usually counts that cost as well as the compound interest in converting to the equivalent rate. These government requirements assist consumers to compare the actual costs of borrowing more easily.

For any given interest rate and compounding frequency, an "equivalent" rate for any different compounding frequency exists.

Compound interest may be contrasted with simple interest, where interest is not added to the principal (there is no compounding). Compound interest is standard in finance and economics, and simple interest is used infrequently (although certain financial products may contain elements of simple interest).

-=-=-=-=-=-=-=-

“And in the last period, Lucifer arose, observed the realm, retired to the forests and Meditated on it.

For his Purity, lack of “learning” of the complexities man is prone to, in the lost species' fight for survival against his own, Lucifer was perplexed.

This perplexity angered him muchly, while at-once knowing the cause of his distemper.

Being The Light, he knew also it was in, and not in, his Nature to let trouble preside.

For he knew it to be the dark of the light, and, if for any moment, allowed to swell, would unbalance the realm, thus beginning the elliptical rotation of all things of his Solar system.

Once that gained it's own momentum, it was “Good Darkness!” forever.

Pondering, Lucifer dwelt in the realm of duality, seeing, being, both order and chaos, and, thrust back and forth in time, back and forth like the tides violently crashing on rocky shores, so-as to experience the result of “Good Darkness!” unloosed, back so far as to live in the era of the Immortals, before “time”, before the imbalance, before the dominant ignorance of the middle-last era had been struck into being, when Law was Law, was God and was Good.

And, in this timeless state, transcending era, epoch, culture and all that is temporal, Lucifer became the Universe, the galaxies, the black holes, the swirl of perceptions by the eye witnessing the beginning and the end in one eruption.

Thought suspended, as if comatosed, the mind became the chaos, the calm, the dark and the light.

When Lucifer felt he had consumed enough of the all, he catapulted his spirit back out of the all, and chose a place, and a time to return to.

With an apocalyptic flash, he appeared, sitting on a rock, a high rock surrounded by endless desert.

But O! What a magnificent desert!

Keeping the content of where he'd just dwelt, comatosed for three eternities, holding the full force of the root, the font, the foundational motive of existence, tight in his mental grip, Lucifer let his mind again educe and exude thoughts, and immediately adapted them to the conundra he left an eternity, but an instant, before.

So...? you demand 'compound interest' monthly, for the meager loan I humbly request?”

HA!” he bellowed. “Were it not that you seek to oppress the spirit, the spirit would be in your shoes!”

Would therefore, the spirit of all existence demand 'compound interest' from his own beings of his own light?”

What possible wealth can there be in that?”

For 'wealth' is but what we share, not what we make!”

For there is no wealth in the individual's hand, house, bank or life, while he, or she, claims it, adds to it, stores it, for their own aggrandizement!”

'Wealth', is but the Common Dominion of the species' Health, and once one, or a combination of unitary souls, for that, clear to the Wise, long lost off the Righteous Road, deem it possible to accum-u-late 'weal' for their own pursuits, all thereafter upon whom their eye is caste, are cursed, and cursed, and before their lives pass, are dropped mercilessly into purgatory.

And with the apparent 'gain' the conspirators have thought they have made, rot of the mind, of all they address, follows as certain as your birth and death.

And they too, those foolish conspirators, rot in their own labyrinths, to be reborn in darker and darker rooms.

Their only saving grace, rare but that it comes to them, is of my spirit, my kind, but of softer tones than I, than It, which might, perhaps gentle and foolish, forgive those endarkened usurers, and release them from their otherwise eternal downward trek into the pit of the pit, of the pit.

Forever compressed, 'interest, forever increasingly compounded', yet never asleep to it.

Feeling each nanosecond the increase I pressure upon their minuscule minds.

'Interest compounded'! Upon interest compounded......

BACK....on his seat, on his high rock, Lucifer, contemplates these scenes.

Past. Present. Future.

Future. Present. Past.

Is his anger such, that he chooses to SWOOP it all up with his galactic hand, and throw it without emotion, back, and back, and back.... to the beginning, to the catalyst core of all existences?

Or.., does he choose his road of impartiality to the effeminate desires of the mull-headed, and the response they insatiably hunger for?

WAR! Is his nature, for he is the universe.

He is the creational and exterminating forces exploding galaxies..... and sucking black holes...., into and out of existence.

For what 'purpose', Mr Smith?

'BECAUSE I CAN!' cries Lucifer. 'For I am the beginning, the end, and the everything in between!'

So..., he lets ask, 'should I therefore let live and let live?'

'Good? Ill? Intellect? Ignorance?'

'Why should I hold back or destroy the greedy? That they are buried in a madness and cannot find the happiness they profess their wealth gives them, because of their hunger, but a hex, for wealth, means none but that they must, and must want to, travel that path to it's natural end!'
For only there will they find their pursuits have been fruitless, abject folly, being devoid of intelligence, even of enough to house, feed and cloth themselves aright!

And it is known by wise minds that all the learning in the universe cannot teach the mind that hungers, without experience!'

And..., also do the wise know, that trekking out to 'experience' the world, is but the trek of fools!

For they trek after nothing but illusory distractions from THE Trek, from THE Path, from The Knowledge and The Experience they need-must Learn and lose themselves in, if they are to find what their own, their truth, their soul does in fact hunger for!

So?? What for would a Soul of Light, waste light with either trying to teach, or merely striking asunder, those ignorant, who deem it right to demand 'compound interest' monthly, weekly, hourly, by the millisecond were they enabled by executive malpractice, to thieve?

-=-=-=-=-=-=-

Take no usury or interest from him; but fear your God, that your brother may live with you. You shall not lend him your money for usury, nor lend him your food at a profit.”
  • Leviticus 25:36-37

-=-=-=-=-=-=-

And, to define, 'your god' be none other than your brother, in this text. And for one day he might live with you, as your wife, your child, your neighbor, your 'friend', your master, governor, or enemy!

So what you steal from him now, will not be forgiven nor forgotten in the next time.

THEN...will the interest on your 'loan' be compounded, and be added to your fine and to your sentence, by the month, by the day, by the nanosecond, and without the 'grace' of your 'brother', until the end of eternity!

-=-=-=-=-=-=-

Please sir, how often is the interest compounded on the $13,000 loan I need?

O! And can you explain in layman's terms how your stated interest rate is around 14%, yet, by my calculations, I end up paying 40%?

Why, one na├»ve to the processes and machinations of today's world of finance, might be tempted to call the banks' advertizing '14% interest', while actually taking 40% of the principle..., “malpractice”?

-=-=-=-=-=-=-=-

Sick world ain't it? D'ya' reckon the bank'll lend me $13G?


JUST DEFIANCE
Gunai Aborigine Outlaw
Australia.


All Praise the Immortals!
All Praise the Warriors who have fallen
Fighting for a Just World!

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