TED Community ยป Ahmed Murchie

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South Africa, Durban


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    A comment on Conversation: What project would you propose to change the world?

    May 30 2012: Abolish compound interest Banking. Due to this principle of banking ie. placing a time value on money, greed as we know it sets in. Every person does not want their wealth to loose value therefore they have to plough it faster and faster into the economy to henge any effects of it loosing value. AND herein in lies the root of all the problems and rot besetting the world. Businesses plunder the earth resources just to hedge their nett value loosing.

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