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RE: Some Thoughts About Usury And Fractional Reserve Banking

in #money7 years ago

There are a lot of considerations and variables that go beyond the basic arguments in this regard.
e.g. - The 'value' you create is taxed on a number of different levels, wholesale, retail, income, capital gains, etc. Plus, the 'value' that you are being 'paid' for is also coming from 'borrowed/created' money that someone else has to repay. Also, there is a huge difference between usury on a loan of something real/tangible and something that is imaginary. If I lend you my horse and expect some of the hay you get from using him to plow and plant, that is different from expecting a portion of your crop for 'wishing you well'...

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Yeah, I just thought it was an interesting video. I'm not a bible thumper or anything. If people want to charge interest, I think it is perfectly fine, but when banks do it, the interest is charged on money that isn't rightfully theirs to begin with. That's what I don't like.

The real outrage is that the 'select' are allowed to 'invent' money out of thin air based on your ability to 'make good' on it.
The 'full faith and trust of the US Government' is eWe the Sheeple...that's you and me. They are allowed to 'create' money based on our future earnings and then 'lend' it to us and charge us interest on it.
The reason for the Census and birth registrations is that the International Bankers use those figures to decide how much they can lend countries based on the taxation of their citizen's future earnings.

The fact that they can just print money on demand also drives the cost of homes up because people buy based on what they can borrow, not on what they have earned.

Exactly. And when it all comes falling down the people at the top aren't the losers. It's kind of like the used-car dealers who 'finance' the car for you, but the price is twice what you would buy it for with cash. If you bail after paying off a quarter of the loan, they repossess, do the same deal with someone else, and if they bail, they already have what the car was really worth and still have the car.
Predatory lending is where the person making the loan is sad when you make all of the payments because they aren't making as much money when you do that. Helluva system...