>be me, non retard>always hear people complain about interest rates>"interest is stealing my money!">"why do I have to pay more than what I borrowed?!">be like, time to drop some knowleAAACKSHUT UP BITCHUSURY REDPILLWhat’s usury?There are two definitions among the educated. It can be defined as either 1) any interest on any loan or 2) any interest on any loan made for a nonproductive undertaking (sometimes stated as: without regard to production). Any other answer is pilpul nonsense. The concept of “excessive interest” is as redundant as the concept of “excessive theft.”>Why should I care?Well, for starters, every dollar loaned into existence begins at the M1 fountainhead known as the Federal Reserve, where it is ultimately owed back with interest. From that fountainhead, money is multiplied in banks through fractional reserve lending over and over, creating an environment where there is always far more debt than credit available to pay it all back.>Yeah no shit, I’m against the (((Fed))), usury is more than just that, though, correct?“Usury” conceptually encompasses all interest-bearing loans, or at a minimum (by the looser definition) all interest-bearing loans made for non-productive purposes (such as most personal loans). In the case of the Fed, the phrase “usury” encompasses the entire system of money multiplication, rather than merely its origination.>This shit sounds esoteric.Maybe, but for hundreds of years it was recognized by all Christians as a mortal sin akin to murder, and seen as a distinctly Jewish form of warfare, for various biblical and spiritual reasons.>Ok anon, but loans are taken in a freely entered contract. You can’t curtail muh freedom!That may be, but the conditioning used to normalize debt was not undertaken freely. Such propaganda has been pumped into the minds of the people without their consent, predisposing them towards slavery.
>>539261872>kike in AustraliaShalom mate
THREAD THEMEhttps://youtu.be/cSj1m5CWLk0>Ok, but still, they should have studied the terms; it’s still their fault when they take on such debt.Debt is often taken on under duress, i.e. to avoid insolvency and/or destitution. If you are dangling off the edge of a cliff, and I offer to help you, but only on the condition that you agree to be my slave, is the contract still binding? More importantly: is it ethical?>That doesn’t account for all debt, though.Perhaps, but remember: in a society where there is always more debt than credit, it is a mathematical certainty that some portion of the population will end up in poverty regardless of merit. In a game of musical chairs, it doesn’t matter if every participant is an Olympic athlete, each round one of them will be left standing. This is, in essence, a kind of financial Darwinism.>So the shitheads get rooted out of society. I see literally nothing wrong with this.The people who get “rooted out” are those less hell-bent on financial gain and more focused on other things. The people who prosper are those who are obsessed with material gain at any cost and with the fewest scruples - including the exploitation of their fellow man.>But without interest, no one would loan money. The economy would break down.There are many ways to loan capital that do not involve paying rent on the money itself. One way is equity stake, with or without buyback options. There are others, especially involving intellectual property. In essence we would have more venture capitalists, which means much faster innovation.
>>539261943>But that’s business stuff; without loans no one could save enough money to afford a house until they were too old to use it.First, in a society without usury, your average family would be much larger and have far more purchasing power than today. Large families are relevant because parents loan money to their children to help with such expenses, and brothers/sisters are able to assist with labor or other expertise.Putting the family aspect aside: In the case of personal loans, the government has the means to loan to its citizens. For example, a government may elect to loan some multiple or fraction of a citizen’s annual income to any citizen who wishes it, and then reclaim payment via taxation. Citizens who fail to pay on time would be levied a simple penalty each cycle, and their future ability to secure credit would be reduced. These loans would be free of interest, since the government could simply create the money at the time the loan was made, just as the Fed and banks do now.>So we end up with a bunch of people indebted to the government instead of banks, wow sounds great.Unlike banks, the government could create and enforce work projects that extract labor from insolvent citizens, who then work until their loan-equivalent is paid. There are many other ways to handle this, but the bottom line is that these loans would be interest free, making them far less burdensome and disruptive to society, and the government has many creative options that banks lack.>Sounds very pie-in-the-sky…Maybe to you, but at times these were the norms. Can you imagine a time when things were actually built to last? Believe it or not, usury is a primary driver for planned obsolescence. Planned obsolescence should be thought of as the shadow usury casts over a society. One of many.
kek i appreciate your targeting that longtime baitposter with your thread anonOP was not a faggot today
>>539262025>Ok, I’m skeptical but interested in learning more, any books?Yes.1. "Manifesto for the Abolition of Enslavement to Interest on Money" by Gottfried Feder (the man who convinced Hitler to join the NSDAP). Can be found for free on PDF. https://archive.org/details/manifesto-for-abolition-enslavement-interest-on-money-gottfried-feder2. "Usury: A Scriptural, Ethical and Economic View" by Calvin Elliott. Can be found for free on PDF. https://archive.org/details/ElliottCalvinUsury3. Most anything by Eustace Mullins (one of Ezra Pound's proteges); they too can be found free on PDF. http://www.eustacemullins.us/wp-content/works/4. "Economics for Helen" which is probably the greatest economics primer ever written, and covers Usury. His niece's name was Helen, and he was determined to write it simple enough so that even she could grasp it (and hence the average uneducated Englishman along with her). A Google search will find you a PDF of this for free.5. “Towards the Restoration of Property,” also by Hilaire Belloc.6. “Barren Metal” by E. Michael Jones.7. “Usury in Christendom” by Michael Hoffman.8. “Usury: The Scourge of Nations” by James Harvey. https://archive.org/details/usuryscourgeofna609harvFurther reading>The Servile State by Hilaire Belloc>Towards the Restoration of Property by Hilaire Belloc>The Outline of Sanity by G. K. Chesterton>A Utopia of Usurers by G. K. Chesterton>The Gold Standard by Brooks Adams>Essay on Public Credit by David Hume>The Riddle of the Jews Success by Theodor FritschCulture of Critique by Kevin MacDonald (I don't agree with him on high Jewish IQ but everything else is historical solid gold)Manifesto of the Breaking of Interest Slavery by Gottfried FederThe Jewish Question: It's racial characteristics and threat to Racial Existence, Society and Culture by Eugen Duhring200 Hundred Years Together by Alexander Solzhenitsyn
