What is Usury? A simple definition: the charging of interest on a loan. What upsets me about our banking industry, which the FED supports, is that they charge interest on money through nothing. Let me explain: let’s say a house cost $100,000; $30,000 for represents the cost of the land, sales commission etc and the rest ($70,000) is the cost of labor & builiding materials. If the home buyer puts down $30,000, then $70,000 needs to be borrowed. The bank charges a % interest for the loan and over the period of the loan will make an x-amount of money over and above what the loan was for – but here’s the kicker: the lender (the bank) did nothing to earn that money, had not saved it, and, in fact, simply created it out of thin air (goes back to fractional banking). With that being said, the figure that a true lender makes on his money is based on time-value and easily justified on the basis that a lender deserves to be compensated for surrendering the use of his capital. What is the time-value of nothing? The bank did nothing to earn the money they lent. Folks, the banks have us coming and going. They give you nothing on your money and use nothing to lend out money. What a racket!! They use usury to their advantage, turning us into identured servants. The FED has been doing this for almost 100 years and the cause of many of our financial woes!!
The Absurdity of Usury
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