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It is said that those who loan money need the interest due to inflation and due to the time value of money.
Is Usury a part of Capitalism ?
reply to post by mikejohnson2006
Capitalism is simply the private ownership of the means of production.
There are no rules or morality, other than that placed on it by governments.
So yes if the law allows it anything can be a part of capitalism. The main problem with capitalism, as well as it being worker exploitation, it allows private owners to make money (from labour exploitation) and then invest it, making money from money. This is why capitalists can become extremely wealthy, and they then use that economic power to control government.
Capitalism is all about making the most profit possible, and only laws keep it from being worse than it is. A god example is slavery, the only reason capitalists pay wages now is because the law requires them to.
It is this interest that causes inflation along with the economic mismanagement of printing more money
You do not understand the system, nor the swindle, at all.
Usury is defined in your bible as a SIN. No question about it. Not a certain amount of usury. The Pope later decided that a LITTLE usury was not a sin anymore. Or, I guess, it's just a LITTLE sinful, so it's OK.
FRACTIONAL RESERVE LENDING is the mainstay of the swindle. The depositors are not the investors in any way, shape or form. The banks can lend out TEN TIMES as much money as they have on hand. In other words, they create the money out of thin air. Then demand to be paid back, with interest. Double ripoff. It's as if I were able to just announce that YOU owe ME money. Money that I never had to begin with. And you owe me MORE money than the amount of imaginary money I "lent" you. Cause I said so, that's why. That's basically how it works. If you don't pay back my imaginary money with the sweat of your brow, then I will TAKE as much of your REAL wealth as I see fit.
DO NOT fall into the trap of thinking a gold standard will fix this. That is what they want, that is part of their scam. Since THEY have ALL the gold, it will just make them even more powerful.
watch the Wizard of Oz, it spells it all out for you. No kidding.