[–] ihaphleas 0 points 3 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.
[–] virge [S] 1 point 0 points 1 point (+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.
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.).
[–] Israel_Did_9_11_ 0 points 4 points 4 points (+4|-0) ago
[–] awildbanannaphone ago (edited ago)
This is retarded. Go look at companies like Apple and GE they run their own banks for themselves. Before GE got wrecked by a certain (((CEO))) this structure was so optimal because it was like capitalism within a large corp itself.
Edit: as someone whose going into finance (initially for greedy reasons but now I see I could help clean up the country when I get old if I stick with it) there is alot of ideology hidden in this site regarding usuary and what not.. usuary lowers economic friction. If you ever state something along the lines of the economy is growing and thats good then you should like usuary... The predatory issue comes in when the largest banks in the USA coordinate with the federal reserve so the banks can reclaim collateral for loans given to be well timed so a large portion is paid off and the banks ALSO take the assets.
I may end up putting a little website together in a few years that will teach people about finance at many levels. It is kept inaccessible for a reason.
[–] JohnGaltApproves ago
Lending money is a form of investment based on time preference. However, the total amount due in return, and expectation placed on timeframe for repayment before default should be fixed, not variable, and should not be allowed to be compounded.
If I have money and you wish to borrow $100 from me, you and I can agree that you’ll repay me $110 by the first of July, and if you fail to do so, the amount itself doesn’t increase, but I will inform others that you have failed to repay in full and on time.
What is wrong is if neither you or I have money, but I have connections that allow me to borrow from somebody else at a low rate, and then turn around and “lend” that same money to you at a higher rate, and when you fail to pay me for what I’ve “lent” you, I turn around and not only report you, but I also charge you increasing fees and compounded “interest” on your original loan.
The lender in today’s market has no wealth to lend, and no risk is taken in doing so. If their borrower defaults, they sell the debt and move along. If enough borrowers default, the government bails them out so they can keep lending.
So what happens if you make a loan and no product is ever produced? What if it's to start a plumbing business?
[–] superspathi 0 points 3 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.
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.
[–] superspathi 0 points 2 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
[–] Rellik88 0 points 1 point 1 point (+1|-0) ago
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.
[–] prairie ago
Banks crate currency. But an individual loaning actual money they hold and charging interest is different.