7/30/2019 Argument Against Usury

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Any money system has to deal with two real problems: the regulation of themoney supply to keep prices for goods and services stable, and the distributionof wealth.

Our current money system deals with maintaining stable prices by tightening andloosening credit--through variations in interest rates charged. It deals withthe distribution of wealth by allowing usury, which is the practice of takingundue advantage of borrowers in the terms of the loans made. This includesinterest rates that effectively transfer large portions of the wealth createdby the borrower's labor into the pockers of the usurers. as well as throughunreasonable terms attached to the loan agreement. The term we are allfamiliar with that describes this is 'predatory lending'. Adjustable ratemortgages are an example of vehicles that can be used for predatory lending.Payday loans are another. There is a long list of these practices that arelegal which I won't enumerate here. Charging high interest rates for loans isa part of the problem of usury. There is a vast hidden usury in the currentmoney system which defies rationality. In our fractional reserve bankingsystem, banks are allowed to 'conjure up out of thin air' nine times theamount of money they have desginated as 'savings deposits'. They chargeinterest on this money. I have read opinions that banks can function withoutany reserves--meaning they are a 'zero reserve' system. That means they cangrant credit without having any deposits. This is a possibility with any fiatmoney system, particularly one that is not properly regulated, which is themain problem with our current money system.

Charging interest is certainly a part of the problem, but it is not feasible toprohibit charging interest entirely. People who work all their lives and savetheir money should have some way to mutually beneficial deals by lending theirsaved money to people who need to borrow money. They do not have a right totake undue advantage of the borrowers.

In my estimation, charging interest is one of the problems of usuriousrelationships between lender and borrower. Since most lenders are banks, notindividuals, I can only conclude that the real problem with our current systemis that it is not properly regulated. This is understandable, but inexcusable.The ultimate power rests with the control of money, as was observed my M. A.(Bauer) Rothschild who said 'Allow me to control and issue a nation's money,

and I care not who makes its laws. Money is more powerful than laws, and canmake laws bend to its will. Unfortunately, any kind of regulation of thebanking systtem would have to be in the form of a law, but it will not stand upfor long to the assault that money would make upon itl. Politicians arecorruptible. When people have no leadership with integrity, they are prey tousurers.

There are only two ways to get money. One is by working for it, which is what95% of the population of the planet does. The other way to get money is byusury--which is by not working for it, but by transferring the wealth of thepeople who do work for it into your own pockets. The agenda of the usurers isto propagate usury so they never have to work for their livelihoods, and canforever dominate those who do.

Hatha