**Modern History of the World in under 500 words**

Most creditors globally employ a nominal ** approximation** formula to disclose and declare interest rates to borrowers. In technical terms, they disclose and declare a

**“of” the interest rate, instead of the interest rate itself.**

*logarithmic-derivative*Under the nominal approximation formula, a real annual rate of 1.01% is converted to 1.00%, (and *vice versa*) with the deviation ever so slight (about 1%, *per se*).

Under the same formula a real rate of 6.167% per annum is converted to 6.000%. Basically, by increasing the stated rate from 1% to 6%, the deviation increases by a factor of 6 x 6 = 36 times.

By the time a micro-loan business or payday-loaner discloses and declares 300% per annum (as most of them more or less do), the real interest rate is about 30,000% per annum (about 100-times greater than declared).

In 1974, however, the government in the U.K. banned the nominal approximation formula as *criminal fraud* on the grounds that it is “false and seriously misleading”.

So today in the U.K. the micro-loaners and payday-loaners tell the truth?

No, of course not. That would be silly. In 1974 the U.K. system merely adapted by massively switching (at the higher-end especially) to employing equally illegal pretended loan-fees to disguise and disclose the rate of interest to the borrower, as for example:

**Payday-loaner**: You get £335 today for an obligation to pay £400 in ten-days time. Legally I am required to disclose and declare to you that the rate of interest is 62,644% per annum.

**Borrower**: **64,000 per cent!** I can’t possibly afford that!

**Payday-loaner**: OK – I tell you what – We’ll call the £65 difference an application fee plus a cheque-cashing fee. That way you get £335 today for an obligation to pay £400 in ten days. That way the interest rate will be zero percent.

**Borrower**: Oh that’s much better. I can afford zero percent.

The truly sad state of humanity is that this transparently stupid nonsense actually works on people.

So how much money are we talking about here?

Answer: **All of it**.

** By total amount**, all debt and money in the world today is a direct function of the objective math-error in the approximation formula – just since 1974 when it was technically banned as criminal fraud in the U.K.

The entrenched-money-power merely decided at that time that you have no pressing need to know about such things. And so ** know** you don’t (until now).

More generally, the ** existential** problem with

**that grows**

*lethal danger***is that if you wait until you actually**

*exponentially***, then**

*see it coming***.**

*you’re already dead*Applied to the nominal Covid vaccines, it means that if the ** coefficient-of-toxicity** is a real

**64,000**, then the pharmaceutical company people will disclose it as about

**300**.

And they will believe it.