Usary is not the real issue. Don't get me wrong, there are plenty of opportunities for abuse in charging interest on a loan, but that is not the real problem. The real problem is Fractional Reserve Lending and countries indebting themselves for huge amounts of money to private individuals.

Imagine if someone gave you money to hold on to and you then turned around and lent it out to someone else and charged them interest on SOMEONE ELSE'S money that you were holding for them.

Then imagine that that person, after taking the loan, and agreeing to the interest, then asked you to hold onto that money in your strong house with your guards and then you took that money and LOANED IT OUT AGAIN.

That repetitive loaning is the creation of money in the economy. Through the use of bank notes (IOUs that promise redemption in real money aka gold/silver) and checking account money (which is effectively the same thing as a bank note) there is a flood of money into the system, causing inflation (a devaluing of EVERYONE's money aka a hidden tax on savings) and altering the dynamics and values of the entire economy. In addition to being just bad practice, this also opens up the door for fuckery, through manipulation of the entire economics of the country (really the world).

Charging interest on a loan is not the problem (its not the BIG problem anyways). It is the creation and deletion of money through loans on money that doesn't exist until the loan is created, and the manipulation and control that it gives that is the real problem.

That doesn't touch on the REAL real problem, which was the creation of wars so that the countries involved in the war would want to borrow money at interest from the people who created the wars in the first place.

So its two problems. Fractional reserve lending and the creation of wars. Fractional reserve lending relies on interest to be productive, but the creation of wars, and indebting countries because of those wars does not. The leverage that exists from countries being indebted to you does not rely on any interest, but on the debt itself.

Usary is not the real issue. Don't get me wrong, there are plenty of opportunities for abuse in charging interest on a loan, but that is not the real problem. The real problem is Fractional Reserve Lending and countries indebting themselves for huge amounts of money to private individuals.

Imagine if someone gave you money to hold on to and you then turned around and lent it out to someone else and charged them interest on SOMEONE ELSE'S money that you were holding for them.

Then imagine that that person, after taking the loan, and agreeing to the interest, then asked you to hold onto that money in your strong house with your guards and then you took that money and LOANED IT OUT AGAIN.

That repetitive loaning is the creation of money in the economy. Through the use of bank notes (IOUs that promise redemption in real money aka gold/silver) and checking account money (which is effectively the same thing as a bank note) there is a flood of money into the system, causing inflation (a devaluing of EVERYONE's money aka a hidden tax on savings) and altering the dynamics and values of the entire economy. In addition to being just bad practice, this also opens up the door for fuckery, through manipulation of the entire economics of the country (really the world).

Charging interest on a loan is not the problem (its not the BIG problem anyways). It is the creation and deletion of money through loans on money that doesn't exist until the loan is created, and the manipulation and control that it gives that is the real problem.

That doesn't touch on the REAL real problem, which was the creation of wars so that the countries involved in the war would want to borrow money at interest from the people who created the wars in the first place.

So its two problems. Fractional reserve lending and the creation of wars. Fractional reserve lending relies on interest to be productive, but the creation of wars, and indebting countries because of those wars does not.