I guess this is why they want to get rid of history and anything that reminds of it especially the south which was democrat.
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I guess this is why they want to get rid of history and anything that reminds of it especially the south which was democrat.
That's OK but the system is rigged against you. Consider: If the banks create $1 billion and lend it to you at 1% interest, when the interest is due you will owe $1.01 billion. Where will you ever get that $10 million from? Only $1 billion was ever created.
So, you borrow more money to pay off that interest but that also comes with interest. Eventually, you will owe the bankers $trillions - which is where we are now.
Agree! Nevertheless the borrow attitude vs work and save is what got us here. The kids want what mom and dad have without working a lifetime to getโฆand that my fren is the problem with todays debt ๐ธ in our society.
Imagine a world without commercial lending, where people either work for or are given what they have (such as passed down).
Commercial loans are not an issue, interest on money lent is not an issue, the credit system and fractional reserve and socialised losses for wall street are the issue. That, and the fed, but still... I'll lay it out for the slow of thinking below.
You want to rent a car for a week.
You pay 500USD to rent a car for a week.
The car was worth X
You rented X dollars for a week for 500USD.
You want to borrow 20,000 USD for a week.
You pay to rent the money for a week.
The money was worth X
You rented a car's worth of asset for a week for 500 USD.
If anyone is against interest for the mere sake of it being interest, they're against the concept of renting anything at all, whether that be a suit, car, yacht, or wedding ground.
sorry but charging interest absolutely IS an issue. usury needs to be punishable by death like in the good old days.
Bullshit. Interest on money is the problem. If I have the right to print money too then yes interest is ok.
Interest is certainly an issue for money placed into circulation.
Only private money should have the ability to charge interest. Not the fed because it immediately requires more back.than is in circulation.
Interest is NOT usury.
Wages haven't increased though from the little I understand, correct? So, the parents, even though they worked hard and saved, the dollar went further for them. It would take more years of working for the kids to buy the things that their parents bought. Plus, a lot of things were built a lot better back in their day. Now, everything's crap.
Mom stayed home to raise the children while dad worked and provided with one income bought a home and car a vacations. Todays generation two incomes one rental, 2 leased cars and a ton of debt.
usury
I used to say that same thing. I guess it wasn't In vain.
If money is a placeholder for value then it should not have have interest attached.