LETS Engineering Mathematics
by John C. Turmel, B. Eng.

INTRODUCTION:
In GRACE AND MORTGAGE by Bishop Peter Selby, Bishop of Worcester,
ISBN 0-232-52170-0, page 116:
As Galbraith remarks, higher interest rates, it is hoped, "will
curb inflation." These comments of Galbraith illustrate why, although
the raising of interest rates is the weapon against inflation chosen
by those who profit by it, it is also clear that as a method it cannot
finally work. John Turmel, a Canadian civil engineer and campaigner
against usury, has in two long articles brought algebra, plumbing and
poetry to bear on the task."
JCT: This is the Big Lie of Economics based upon the assumption
that inflation is more money chasing the same goods, Shift A, whereas
I've proven that it is actually the same money chasign less goods
after foreclosure, Shift B. Shift B inflation is unknown in economics
but the following analysis explains why inflation in Argentina went
from 1000% down to 36% after several provinces instituted local
provincial LETS bond currencies.
ANALYSIS:
The problem of exponential growth of debt is created within the
banking system and therefore a thorough understanding of the banking
system is helpful. The money system is the only mechanical system
which is under the jurisdiction of economists, not engineers.
Improvements are taking place in all system areas except the financial
system. It's time engineers turn their attention to this errant system
from which come all the financial woes of the world.
As an electrical engineer to have specialized in banking systems,
I will endeavor to explain the inner workings of this mysterious
system and its effects on users and debt. Though this might sound
daunting, I think I can present an easy way of handling subjects such
as:
- plumbing modeling of flows of money with pipes
- simple algebra
- exponential functions
- differential equations
- Taylor Series
- Laurent Series
- Laplace transformations
- control system circuitry