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[–] 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.

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[–] 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.

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

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

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[–] 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.).