IT BEGINS....THE TAKEOVER THAT NO ONE IS TALKING ABOUT [say goodbye to credit] - The Great Awakening

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IT BEGINS....THE TAKEOVER THAT NO ONE IS TALKING ABOUT [say goodbye to credit] 👀 CREDIT RED PILL 💊

posted 318 days ago by ThreeOneFIve 318 days ago by ThreeOneFIve +141 / -3

https://www.youtube.com/watch?v=g0g2PzOjFjY

Banks buying up, changing rules.

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– SkarnkaiLW 4 points 317 days ago +4 / -0

Usury = a pound of flesh. A claim of ownership over a person. Without interest, you would have a loan fee (one time) or even none. Loans woud have to be collateralized such as house or car loans, If the loan can't be claim the collateral.

Interestingly with sound money you have Deflation instead of inflation, so receiving the same nominal amount would be a real gain. So, investing in community via savings = a real return. A virtuous system.

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– bubble_bursts 4 points 317 days ago +4 / -0

So, investing in community via savings = a real return.

This is very good point. I do believe ultimately everything will be at local level - governance, banking, charity, etc.

Loans would have to be collateralized such as house or car loans, If the loan can't be claim the collateral.

Hmmm, very interesting. You can extend this a bit further and say loans should only be taken to purchase assets. The asset you purchase is going to be the collateral. You want to live luxuriously? Get a loan, purchase an asset and use that asset to start a business. I like this idea.

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