Usury in Christendom - Michael Hoffman

[palani]

Aristotle nailed what it is.
Hatha

Aristotle would have only held discourse on things within his knowledge. He would have had no concept that any society would be so dumb as to rely upon the paper promises of legal fictions. People don't earn a living by trading their labor for these paper dollars. Instead people earn a living by taking advantage of the lunacy of others who accept them. Earning a living by usury or earning a living by trading labor for paper promises are equally forbidden and doing both does not cancel the fact.

[palani]

Hatha I'm glad you brought up that usury and weights and measures are total seperate issue to palani. Palani has difficult seeing the trees through the forest.

You who follow Pig Law know where to find a hot meal.

[woodman]

The evil of usury is hard to overstate. It's corruptive influence flows and seeps into every aspect of a society. It is not just the fact that the money isn't created to pay the interest on the loan (forcing bankruptcy and resultant loss of real goods) but the fact that the principal is a fiction in itself that the banker creates out of thin air in his godlike and arrogant posture.

This is surely the reason that religion must oppose not just usury but fiat money in itself. It is quite obvious that the leaders of Christendom have sold thier souls and sold out their followers to this Satanic influence.

[Hatha Sunahara]

Fractional reserve banking is fortified usury. Fractional reserve banking of fiat money is usury on steroids. None of it really matters until you understand that usury is the use of money to steal wealth. But of course you have to make a distinction between money and wealth--which most people do not.

Money is a medium of exchange. Wealth is what you create that has value. The two are not the same.

And 7th Trump, why do you feel a need to be an albatross to Palani? He adds value.


Hatha

[palani]

7th Trump, why do you feel a need to be an albatross to Palani?


Hatha

I may suggest an answer to this question with some degree of accuracy.

If I am right then he would be .... [wrong] and a fragile ego will not allow this possibility.

[madfranks]

Question: If someone works their ass off and saves $100,000 and then loans that money to someone else at 5% interest for one year, is that usury?

[palani]

Question: If someone works their ass off and saves $100,000 and then loans that money to someone else at 5% interest for one year, is that usury?

According to the bible ... yes. Lawfully .... yes. Legally ... the legal system has set 6% as the threshold for usury. This changes depending upon the state though.

[vacuum]

i would distinguish between "natural rent of capital". e.g. i build a machine that does something useful, and rent it to you for an agreed upon rate.

the Banksters have a different way to rent capital. they create pseudo-capital out of thin air, manage to con a majority of society into thinking that $/FRN has real value, and then charge rent on that capital.


i would say that the natural rent tends to benefit society - otherwise the people renting machines & capital wouldn't choose to do it.

whereas Bankster rental of capital, AKA usury, on balance benefits those who create pseudo-capital out of thin air.

natural rent goes back a long time. e.g. a hunter, 10,000 years ago, loaning out a hunting tool, e.g. a spear, for a percent of the goods, i.e. some meat.

This is an interesting way to look at it.

[gunDriller]

Fractional reserve banking is fortified usury. Fractional reserve banking of fiat money is usury on steroids. None of it really matters until you understand that usury is the use of money to steal wealth.

the credit derivative scam - ongoing - all of the above on steroids, and LSD, with a baker's dozen of banker's expresso mixed in.

of all the people whose wealth was stolen by that scam, one that sticks out is a Norwegian town with a lady mayor who was interviewed in the aftermath.

they trusted Wall street with their money, bought mortgage-backed securities, and in the interview the Norwegian mayor lady says, "now all our money is gone" - stolen by the uber-usurers.

[7th trump]

You who follow Pig Law know where to find a hot meal.

Only pig law around here is your opinion of law when you dont even read the statutes and regulations to understand what law you are interpreting.
I know it sounds pretty damn stupid but palani has admitted to not researching the law itself to pass his interpretation of it.