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.
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?