1
0

[–] whyamIevenhere 1 point 0 points (+1|-1) ago  (edited ago)

Didn't realize this site was all Muslims and commies. Holy shit, you're all economic retards. Lost a lot of respect for voat over the last two days.

0
3

[–] superspathi 0 points 3 points (+3|-0) ago 

That's not logical or desirable. I wouldn't take out a mortgage if it meant the lender was getting an ownership stake in the property.

0
0

[–] virge [S] ago 

It's only not logical in your current brainwashed slave state. You actually like being a serf?

Educate yourself on the Greenback. Literally Government money given, interest-free, for Ameircans to live their lives. Your mortgage lender would be the Government using it's own currency (which today it does not have, we have a foreign banking mafia controlling our currency) and you would repay the full amount of the loan without interest.

Wake the fuck up.

0
2

[–] superspathi 0 points 2 points (+2|-0) ago 

Oh that's even worse. The government is the only mortgage lender? Get the fuck out of here with that retarded faggotry.

Just because you want to gas kikes doesn't mean you understand economics you fucking nigger

0
3

[–] ihaphleas 0 points 3 points (+3|-0) ago 

No one will take the risk of loaning at no interest, except as charity.

You know why Jews became bankers? Because interest on loans wasn't permitted between Christians...but Jews could loan at interest. This meant Jews basically had a monopoly on lending. Hell, even kings had court Jews, basically their bankers.

After generations, of course, the knowledge of good banking practice (and underhanded banking practice) was concentrated in the Jewish community.

You want Jews to remain the top bankers and financiers? Try to ban lending on interest. You want to make drugs more dangerous? Ban drugs.

1
0

[–] virge [S] 1 point 0 points (+1|-1) ago 

No one will take the risk of loaning at no interest, except as charity.

Utterly ridiculous. I want to start a car company, and nobody will take the risk of loaning me money for equity in the profits of selling the cars? You cannot possibly be this stupid.

0
4

[–] ihaphleas 0 points 4 points (+4|-0) ago 

That's not a loan, that's a business partner.

0
0

[–] prairie ago  (edited ago)

That's basically interest: loan the money and get a share of profits in return.

Why would someone want to literally just loan you the money and get paid back say a year late the exact same amount? The currency itself will have lost some value over that year. There is also the risk that you won't pay it back. And they could have been using the money over that year to generate more wealth (buy tools, invest it, etc.).

0
0

[–] 0100100-100110 ago 

I lived in the middle east for a few years. Interest rates didn't exist. Instead it was tied into the price of the object. Paying in full have the cheapest price, the longer you wanted to make payments the more expensive the item became.

0
0

[–] prairie ago 

So interest, just implicit.

0
0

[–] prairie ago  (edited ago)

How does interest create new currency? Imagine if the loan didn't involve any money, just labor: I'll do this work for you over the next week if you do the same in return a year from now, plus an extra day of work. No money at all, but still interest.

Interest is just recognition that things now are often more valuable than things in the future, because of the benefits they provide over time.

0
0

[–] daskapitalist ago 

What if I dont want equity?

0
0

[–] virge [S] ago 

Then you'll have to learn how to make money like normal, non-parasites.

0
1

[–] Rellik88 0 points 1 point (+1|-0) ago 

Currency loaned for interest immediately debases the borrowed currency due to the interest being magically created into the same system.

The interest has to be paid in real money. That loan they gave is what's fake. They created the principle out of thin air, which real money has to be paid for interest.

0
0

[–] prairie ago 

Banks crate currency. But an individual loaning actual money they hold and charging interest is different.

0
1

[–] FreeSpeechForever 0 points 1 point (+1|-0) ago 

The only caveat is that time has value. Capital today is worth more than capital tomorrow, but the current amount of interest on loans far exceeds these measures.

load more comments ▼ (5 remaining)