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.
sorry but charging interest absolutely IS an issue. usury needs to be punishable by death like in the good old days.
No retard, charging interest on money you never had and lent out (Fractional lending) is the problem, please keep reading the above until it makes sense. Money now is worth more than money later, if you wish to rent someone's money for a period you pay a rental fee, because rented money can be divvied up into tiny amounts it's called interest and not a rental fee, if it was simply called a rental fee and you had to return the amount you borrowed as a lump sum with the rental fee up front brainlets like you would understand it better.
The idea of usury conceptually is in the vein of "Daylight robbery", like payday loans with an AER of 4800%, usurious loans by China to Africa with the intent they default on it in order to seize assets, charging 5% interest on a mortgage for your house is not usury.
hmmm i wonder why this pissed you off so muchβ¦
Maybe it's because I'm really a high ranking executive at credit suisse and need usury, whatever you've decided it means to survive or something - that it? Fuck off and die you thick cunt. You know who are against commercial loans inherently? People who have never needed a commercial loan to engage in commerce successfully, aka bums, people like you.
If a kid cannot afford a suit to go to an interview and in "retard world" is no longer allowed to rent one since it's usurious, is him being bereft of employment because of your principles better for him or not? If you cannot charge interest or a rental fee then no one would allow you to rent anything, including money, why would they accept the risk otherwise? The economy would grind to a halt and millions upon millions of people, including likely you, would die.
seethe
We understand what you are saying. Interest is a problem period. You can't pay back.more than what is lent. It doesn't exist just as you say due to fractional banking. Both are the problem and both contribute to the fallacy of what we call money
Explain to me how interest is a problem "Period" in the following situation.
The alternative was.
Last time I checked something taking 3.5 months to do and costing like 25x more money to facilitate (6 USD interest vs bus fares for 100 days) sounds like more of a problem than the "problem" being identified here.
That is a distinct and different issue from what the guy is saying though, if you were to use bitcoin with a finite supply for a moment you can buy a replacement work computer to work from home for 10% over RRP if you pay for it over a year or you can pay RRP for it upfront "Without interest" but save for it first. If you need a replacement work computer because you personally spilled coffee all over it and the alternative is a 2 hour commute then getting the replacement now at 10% interest is infinitely better than commuting to the site for 2 hours a day isn't it? So no, interest is not a problem "period", period. Usury, foreign occupation of your money supply and fractional lending is. People going around shouting into the sky how "Interest is a problem inherently" just signal to TPTB that you understand nothing and shouldn't be taken seriously, without interest as a concept, why would anyone anywhere ever lend you money?
So entrepreneurs from working class backgrounds with no familial wealth reserves just go uncapitalized when they're trying to invent something that would be commercially successful and make the world a better place?