**Modern History of the World in 600 words**

Most creditors globally employ a nominal ** approximation** formula to disclose and declare interest rates to borrowers, and to determine the interest amounts themselves. In most technical terms, they use, 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 in the approximation 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 Parliament 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. Not even close. In 1974 the U.K. system merely adapted by massively switching (at the higher-end especially) to employing equally illegal pretended loan-fees (** GAAP-fraud concealment-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 64,622% 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.

That is why the real or *de facto* explanation and justification is never discussed in public, and most certainly not by the captive / controlled media:

We in the micro-loan business have a fundamental right to exact interest money from the *working-poor* at an average rate of 30,000% per annum when we declare and disclose and obtain their agreement to pay 300% per annum, because we got away for decades with collecting interest at 6.167% when we disclosed and declared 6%, and we use the same mathematically invalid nominal approximation formula in all cases.

The private financial system needs only the tiniest ** sliver** of justification to support the most egregious systemic and systematic frauds. Above about a stated 10% per annum, the global financial system makes more money from the math-error than from any other source.

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 relative ** coefficient-of-toxicity** is a real

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

**300**.

And they will believe it.