Jct: Unfortunately, it is normal for people to have been tricked into believing that inflation causes interest when my http://johnturmel.com/biglie.htm or http://johnturmel.com/bankmath.htm prove that interest causes inflation. That’s why InflationGate, the whole world believing the opposite of the truth, is so much bigger than GlimateGate, the whole world believing the opposite of the truth.

Jct: And when all the little community currency lifeboats become compatible by adopting the Time Standard of Money, the big ship of orthodox finance will sink.

“Hundreds of towns around the world have issued local currencies to link unemployed workers with needed jobs.”

Jct: When the local currency is pegged to the Time Standard of Money (how many dollars per hour of volunteer labor, children too) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. You can too.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See http://youtube.com/kingofthepaupers on growth of the international time-trading network.

“private banks using the fractional reserve system create 95% of our currency as accounting entries of the loans they make, i.e., as debt. The interest charged on their loans is not created, causing increased indebtedness.”

Jct: So if everyone borrowed new Principal P and everyone owes Principal + Interest, P/(P+I) survive their mort-gage death-gamble while the remainder I/(P+I) is the Miracle Equation that predicts how many people get knocked out of what Keynes called the game of musical chairs with money.