Why interest is the root of monetary evil

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posted on May, 23 2011 @ 05:59 AM
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Interesting one hour video from an Islam perspective. No wonder the bankers and war mongers want to take out the middle eastern countries that do not want interest.

video.google.com...#




posted on May, 23 2011 @ 06:19 AM
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The entire monetary system is outdated. "money is the root of all evil" has never made more sense to me in my life as it has recently. It is an outdated system that was never intended on creating a sustainable economy.

The federal Reserve Monetary Bull#
edit on 23-5-2011 by Libran1 because: (no reason given)



posted on May, 23 2011 @ 06:48 AM
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Imagine if you will, a world with no more rich people, no more poor people. Everybody equal.



posted on May, 23 2011 @ 06:57 AM
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reply to post by Castogere
 


Its such a terrible way to think, i can understand why everyone is subservient to their leaders. Makes me wonder if our founding fathers may have seen this one coming! hence the reasons everything which was put into our constitution is there.

Ill say it again like i have so many times in the past few weeks, RBE! (Resource Based Economy)

Even though this whole movement is still in its infant stages, The first steps, (just like a childs) will set into motion the direction for the rest of its life!



posted on May, 23 2011 @ 07:07 AM
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Even the inventors of gold knew their should be a limit to a persons wealth.
Thats why they made it so heavy!




posted on May, 23 2011 @ 09:03 AM
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Originally posted by Libran1
The entire monetary system is outdated. "money is the root of all evil" has never made more sense to me in my life as it has recently. It is an outdated system that was never intended on creating a sustainable economy.


Just want to point out the money, in and of itself, is NOT the root of all evil. The LOVE OF money is.

The idea of interest is driven by the LOVE OF money/power/energy (three aspects of the same thing - like ice/water/steam). And yes... Money is not needed if We have three things: plenum energy ("free" energy), robotics for all necessary jobs no One wants to do, and the Interweb.

For more detail on why this is so, I invite all to read two posts I made here:

The End of Entropy - the foundation - read first

www.abovetopsecret.com...

The Ethical Planetarian Party Platform - the structure

www.abovetopsecret.com...


Here's a simple schematic for drawing on the plenum ("dark"/Zero Point/Radiant/Orgone/...) energy:

www.abovetopsecret.com...


Let's spread these Ideas - they won't work if no One knows about them and that We CAN get rid of money, poverty, and elite. They must reach a tipping point to work.



posted on May, 23 2011 @ 09:04 AM
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Originally posted by Castogere
Imagine if you will, a world with no more rich people, no more poor people. Everybody equal.


I do and I have. [smile]

Please see my post above.



posted on May, 23 2011 @ 09:08 AM
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Originally posted by Libran1
reply to post by Castogere
 


Ill say it again like i have so many times in the past few weeks, RBE! (Resource Based Economy)


With plenum energy, resources will not become the basis of the economy, but rather, social standing - a social economy. One's reputation, One's prestige, One's talents and ideas become the trade.

So the abundance paradigm is a step beyond RBE.



posted on May, 23 2011 @ 04:00 PM
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Islamic banks apparent non-charging of interest is semantics at best. They charge an up front borrowing fee which is based on the same overall mathematics that would go into paying an interest rate and, in many, MNAY ways is more predatory than a flat interest rate would ever be. For example, most states have laws on the books that grant borrowers the opportunity to reduce the amount of interest they will pay on a loan through paying it off early, or making larger than the minimum monthly payments. In non-interest lending, it doesn't matter if you pay off a 36 month loan in a year and half, because you paid the interest... ERRRR, lending fee up front and it was based entirely off of nominal interest that would have been paid over a 36 month lending period.



posted on May, 23 2011 @ 04:03 PM
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Oh, and if there were to be no more rich and no more poor... why would I keep busting my hump and working diligently every day? No reason to work hard if that paycheck doesn't mean anything, right? I'd wager a guess that the majority of the world would feel the same way and we'd fizzle out pretty quickly with nobody caring to do the tough jobs when they get the same reward for doing next to nothing.



posted on May, 23 2011 @ 04:20 PM
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reply to post by Amaterasu
 


So extrapolating a bit further, "the love of money is the root of all evil", can better be known as:

The love of stealing the energy of your fellow man is the root of all evil...

...seeing as money is but a means to do just that!


The two big things that I see which totally screwed this world today are usury (interest), and fractional reserve policies.

Now-a-days there's additional layers of nonsense, and "experts" in the business will swear up and down that they make sense, but they're out of their minds....

The very notion of a derivative is entirely asinine.

Lose some? That's okay we got you covered.

Win some? You just won out in multiples!!

Keep on playing!!

It's a casino out there in the monstrous abstractions, and a circus out there in society.

Lot's of fun to be had, but these paramorals won't last long...they will be shown for what they are eventually!

So have some funzies while you still can....

Tick, tock,, tick, tock...



posted on May, 23 2011 @ 04:24 PM
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Originally posted by burdman30ott6
Oh, and if there were to be no more rich and no more poor... why would I keep busting my hump and working diligently every day? No reason to work hard if that paycheck doesn't mean anything, right?


This is the problem that society faces.

We've been so programmed to think in self-serving ways.

It's nonsense that any man with a somewhat clean conscience can see right through.

How about going to work and giving it your all....because you can, and it'll make you feel really good to know you're being your all and helping to contribute to the betterment of our species??

Is that not motivation enough


I guess not after decades of being socially programmed into being a parasite.




*note* not pointing the finger at you specifically, but at society as a whole. I just used your response as an in for this kind of response.



posted on May, 23 2011 @ 04:49 PM
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Originally posted by unityemissions
I guess not after decades of being socially programmed into being a parasite.


It is the parasites that have caused this reality. Look at today's situation, we have record numbers of people being supported not off their own work, but off the government stealing the fruits of others labor and redistributing it to the parasites. I'm not working to support them, I am forced to support them... I work to support my family & myself. If it wasn't for that paycheck, I'd probably spend my day hanging out with my family, hunting, fishing, tying flies, woodcarving, or doing some other fun activity intended purely to relax and have fun.

The nature of my career is that I work for the betterment of society as a whole, but that's really not at all why I chose that career path nor why I am damn good at what I do. That boils down to a combination of salary and the fact that I don't hate going to work everyday.



posted on May, 23 2011 @ 07:58 PM
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reply to post by burdman30ott6
 


I fully understand that "the system", or the parasites, have caused this reality.

I empathize with those who must provide for their selves, and their family by playing this corrupt system.

Not trying to get you, or anyone who plays the system, down.

At the same time, one must be true to their selves, and admit that by each and every one of us playing the system, it holds merit. It stays afloat. If each of us were to disconnect from the system, the parasites would have no energy to suck out of us.

It's a sad state of affairs any which way you look at it.

Until there is organization of the people, this won't get resolved.

Sadly, organization of the people, for the people, and by the people, is labeled as "domestic terrorism" no matter what your actions and intent truly are.

So it is that until risking our lives to save our selves and those we love, is a better opportunity than just going with the corruption....this will continue on.

edit on 23-5-2011 by unityemissions because: (no reason given)



posted on May, 25 2011 @ 03:55 AM
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reply to post by Libran1
 


Money it's self is not "evil' but as the OP says, Usury is. (The act of charging interest)

There have been several attempts to get rid of Usury in the West, all have failed miserably. We built our empires on the perception of wealth that didn't actually exist.. there is no changing without ending our very way of life.



posted on Feb, 24 2012 @ 02:17 PM
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Interest or fees are not the problem with the money supply. Money is just a ticket or reciept that represents a human action or actual mass of material. Interest or fees are payment for an action or rent on some item, such as another person's money.

The problem is the ability of the financial system to put more money into circulation than the real world has real stuff to back up.

Awesome video about money

Google Video Link


video.google.com...#
edit on 24-2-2012 by Semicollegiate because: (no reason given)
edit on 24-2-2012 by Semicollegiate because: (no reason given)
edit on 24-2-2012 by Semicollegiate because: (no reason given)



posted on Feb, 24 2012 @ 02:35 PM
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Intrest only represents opportunity costs. There is nothing wrong with interest.

The problem is that our country and all other countries need to owe and pay interest on money they create. Along with the banks ability to create money out of thin air the little guy has no chance. We actually have a constantly shrinking real money supply.



posted on Feb, 24 2012 @ 02:45 PM
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Originally posted by unityemissions

Originally posted by burdman30ott6
Oh, and if there were to be no more rich and no more poor... why would I keep busting my hump and working diligently every day? No reason to work hard if that paycheck doesn't mean anything, right?


This is the problem that society faces.

We've been so programmed to think in self-serving ways.

It's nonsense that any man with a somewhat clean conscience can see right through.

How about going to work and giving it your all....because you can, and it'll make you feel really good to know you're being your all and helping to contribute to the betterment of our species??

Is that not motivation enough



No, it isn't. The vast and overwhelming majority of people don't give a hoot about the betterment of the species.

We don't think of ourselves in terms of a 'species'. Its too big a social group for people to identify with or feel any kind of loyalty to. If we ever find 'others' we'll define ourselves against them and the perception will change over time, not until then.

I would suggest that banks controlling the money supply for their own benefit is the root of all monetary evil.



posted on Feb, 24 2012 @ 02:50 PM
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That video above, The Money Masters, is a three hour video history of central banking. For those without alot of bandwidth or whatever let me try to sum it up.

Money originated as a receipt for goods because a reciept is easier to carry physically and can be exchanged for a wider variety of things over time.

When gold or other valuables were deposited for safe keeping at a goldsmith or other secure place, the depositor was given a reciept so that he could withdraw his gold by returning the reciept. This reciept could also be used as money, who ever returned it to the secure location would own the gold.

The secure location, a bank, could write MORE THAN ONE RECIEPT FOR A GIVEN AMOUNT OF GOLD. This is called Fractional Reserve Banking.

Today , if you deposit $100 in a bank, the bank can loan out $1000. The bank collects interest on $1000 and pays you interest on $100.

Now consider what happens if the bank is basically one nation wide bank and can print as much money as it wants to. Money loses it's equal relationship to things and work. If the bank allows more money in circulation (creates money) everything costs more including wages, if the bank allows less money in circulation (takes money out of the economy) everything costs less and wages go down.

The free market over time under this system loses it's ability to determine what things are really worth and the value of everything becomes determined by the bank.

And the bank can always print enough money to buy anything.
edit on 24-2-2012 by Semicollegiate because: (no reason given)



posted on Feb, 24 2012 @ 02:50 PM
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Many people are idealist and believe that if everyone was equal in status, stature, wealth, ...that everyone would put forth equal effort. Not true.

If everyone was given the same amount of money and opportunity, idealist believe that everyone would excell. Not true.

If everyone was given the same amount of money and opportunity and given a chance to learn to use it wisely... with in about 6 months to a year, things would start to go back to where they are now.

Whenever you insert people into a scenario, you will endup with a wide variety of results and consequences. That is just people being people.

Not everyone is honest, ethical, caring, prudent, and hardworking. We all know some that work the system, ride the clock, take advantage of certain attributes, play the race card, play the sex card, use intimidation, and frankly... are not good people.

Their are others that are guillable, naive, stupid, can not learn, will not learn, and are easy prey for all of the bad people.

Interest is not a bad thing. If you loan money... What's wrong with making money on it? That's essentially what you do when you invest and buy stocks... or invest in funds, or invest in CDs... That is the point of investing. And if you don't want to pay interest...than don't borrow the money. It is an agreement... neither party is obligated to sign the contract and go into the venture together... but it is an agreement... everybody had the terms in writing... had copies... knew the consequences of not meeting the agreement...what's the problem?

If you go to a restuarant and order fish... and you get fish...why would you be upset? If you sell fish, and someone says they would like to buy a fish... and you sell it and make money...what's the problem?

Likewise, if someone wants to borrow $1000.00 dollars and agrees to pay back $1100 dollars over 12 months...what's the problem? They borrowed the money, used it, paid you back and you made ann extra $100... that's business. They had the right to say Thank You, BUT No Thank You... I won't borrow any money.

How is that evil?





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