Originally posted by HeHasNoName
I must admit im surprised that people are surprised how interest works.
Also, its all well and good to sit here saying its a scam, and we shouldnt fall for it etc etc, and that would all be fine if we could pay for
everything we need with money we actually have.
But when you need to buy a house, or anything like that, how do you propose we do that without falling for the 'bankers scam'?
Not everyone has a lazy $200,000 stuffed in a mattress.
Money is created. Either the government can create it, or the bank can create it with interest. Either way, the stuff is made of paper which comes
There have been institutions in history which create money, interest free. Some even spent it into the economy, while not even expecting any of it
back! Why? Because it built something for the community, for society.
This is actually how money worked after this country was formed. Back then, whenever you produced something of value and took it to market, you got a
receipt for it. Money was created when something of value was created. Today, you can't create something of value until you have money. The
situation is backwards.
"Borrowing" money from banks isn't necessary to finance anything. Whether by government, or by banks, money is created. It isn't gold. It
doesn't fall from the sky like rain. It is created. I keep saying that because people just don't get it. MONEY IS CREATED. Would you rather the
government create it (as the constitution mandates) without interest, or a bank create it, and charge an arm and a leg for it?
The fact that a bank charges interest on nothing is bad enough, but what makes the whole crime worse is that the public now depends on the banks
permission to prosper. Bankers decide what gets financed. Not the people. In other words, the only projects funded in our "democratic" society
are those that the bankers want to exist.
While those of you who are firmly in the mindset that financing is all about profit will find it hard to believe... I'm going to tell you that it is
entirely possible for an institution to finance a non-profit organization, and society will benefit as a whole.
When money creation is in the hands of bankers, no non-profit human activity is worthwhile. Not education, not any kind of healthcare which puts
human life before profit, not research into cures (just research into treatment)... not research into free energy (just research into energy that is
sold)... not anything human society needs today.
Profit is killing us. The greed in this world has turned us all against each other, and made enemies of everyone.
An interest-free banking system CAN exist. It's been done before. A person CAN go to the government and take out a loan to start a business, only
promising to pay back the loan itself or even part or none of the loan if the government says that's ok! What does the government lose when money is
created from paper? Nothing! What does the government gain when money is loaned to people trying to start a business? A chance for a more
Wow have we all been brainwashed for so long. We've spent our entire lives working
for money. This is the only way we've ever seen it come
or go, so we assume that this is the way it always has
come or gone. But ask yourself... where do all those dollars come from? It's not a
question of the chicken or the egg... it's very logical and quite simple. There is a beginning. I ask you... who starts it? And what possibility
of abuse do those who have the privilege of creating money have the potential to exploit? Questions most of us never ask...
I remember when I woke up to how the money system is used to systematically starve, exploit, steal, and corrupt society. It is truly evil. But it's
not the way it has to be. We can change it any time... all we have to do is change our minds.
[edit on 18-5-2008 by ianr5741]