Reply
Page 2 of 3 FirstFirst 1 2 3 LastLast
Results 31 to 60 of 68
  1. #31
    Registered User RadialDevial's Avatar
    Join Date: Feb 2017
    Age: 18
    Posts: 117
    Rep Power: 74
    RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10) RadialDevial is on a distinguished road. (+10)
    RadialDevial is offline
    Originally Posted by SYRIANKID View Post
    Excellent topic,

    It was definitely considered as an attack against already poor and vulnerable people by the early Jews and Christians.







    I believe Martin Luther called a usurer a slaver, if I can find the quote
    Holy ****. I remember lurking these forums when I was like 10 and going through the Syriankid-Ruhanv debate. How’s life dude?
    Reply With Quote

  2. #32
    Cold Hearted SOB Dave22reborn's Avatar
    Join Date: Jan 2005
    Location: Ill.
    Posts: 52,342
    Rep Power: 88568
    Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000)
    Dave22reborn is offline
    Originally Posted by DIREALBOSS View Post
    Loans with interest is slavery. There should not be any way for people to make money without actually working or providing a service. The economical slavery starts at the central bank level, where banks loan money to countries instead of governments isssueing currency outright. It’s a scam, but I wonder which people are benefiting?
    Why should someone give you a loan without interest?
    Reply With Quote

  3. #33
    SillieBazzillie Alt #4 z4v4's Avatar
    Join Date: May 2017
    Posts: 12,335
    Rep Power: 30449
    z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000) z4v4 has much to be proud of. One of the best! (+20000)
    z4v4 is offline
    Originally Posted by Dave22reborn View Post
    Why should someone give you a loan without interest?
    You never lent your buddy 20 bucks interest free?
    https://forum.bodybuilding.com/showthread.php?t=167564111&p=1372188493&viewfull=1#post1372188493
    Reply With Quote

  4. #34
    Registered User CHARBACK's Avatar
    Join Date: Jan 2012
    Location: United States
    Posts: 7,380
    Rep Power: 19043
    CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000) CHARBACK is a splendid one to behold. (+10000)
    CHARBACK is offline
    Originally Posted by Dave22reborn View Post
    Why should someone give you a loan without interest?
    Repayment can be based on benefits gotten from the loan. Lets see how many liberal arts majors the gov will give student loans to if that happens.
    *creampie crew*
    Reply With Quote

  5. #35
    Cold Hearted SOB Dave22reborn's Avatar
    Join Date: Jan 2005
    Location: Ill.
    Posts: 52,342
    Rep Power: 88568
    Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000)
    Dave22reborn is offline
    Originally Posted by z4v4 View Post
    You never lent your buddy 20 bucks interest free?
    20 bucks vs a few thousand, possibly hundreds of thousands of dollars...

    Also, with those 20 bucks, I know I'm going to get it back.
    Reply With Quote

  6. #36
    Registered Boomer AlwaysFocus's Avatar
    Join Date: Sep 2016
    Location: BC, Canada
    Posts: 12,857
    Rep Power: 72780
    AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000) AlwaysFocus has much to be proud of. One of the best! (+20000)
    AlwaysFocus is online now
    If you are stupid enough to take on so much debt you are forced to work to pay it off, then ya I guess it sort of is.


    But you have the choice on taking on the loans.

    In after millennials believe debt should be interest free.

    Hint phaggots, nothing is free, except the air you breathe.
    Reply With Quote

  7. #37
    Registered User SnowEh's Avatar
    Join Date: Mar 2011
    Age: 29
    Posts: 979
    Rep Power: 1791
    SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000) SnowEh is just really nice. (+1000)
    SnowEh is offline
    If you can't get interest from lending out money then no one would bother. If banks can't get interest from loans then expect the bank to pay you extremely little or nothing at all for lending to them your money.
    You should not be going into debt to consume. You should only be going into debt to be more productive so that you can pay the loan back. When you borrow money to consume you take away money from someone that would have used it to increase productivity.
    Reply With Quote

  8. #38
    T-Shirt Brah hmenen's Avatar
    Join Date: Oct 2013
    Posts: 903
    Rep Power: 1408
    hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000) hmenen is just really nice. (+1000)
    hmenen is offline
    Debt is the cost of money.
    The lender takes a risk by lending you money, you pay interest to compensate the lender for his risk.
    It's not slavery.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
    advertising not permitted


    "you are 15, you lack any visible mass, and you are trying to lose weight? Recipe for disaster."
    - former300lber
    Been fixing that^

    log: http://forum.bodybuilding.com/showthread.php?t=165769351&page=2
    Reply With Quote

  9. #39
    ⊗♠⊗♠⊗♠⊗♠ ♠⊗♠ rectifryer's Avatar
    Join Date: Sep 2012
    Posts: 4,904
    Rep Power: 30338
    rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000)
    rectifryer is online now
    Depends on the interest rate.

    If the market has colluded against your demographic in a way that forces you to attain debt to maintain status then I'd assert it's possible. It's something that no economic system has been able to avoid so far. Even bartering has loans.

    I'm not sure it's okay to enslave the stupid, because that impacts the following generations and reduces mobility in economic class for future generations which is exactly what we're seeing today with rising debt...
    Last edited by rectifryer; 05-26-2018 at 02:24 PM.
    CNN says it's illegal for you to neg me.

    *<SONS OF SMACK CREW>*
    This post brought to you by:
    Monster Zero Energy Ultra Sunrise
    Reply With Quote

  10. #40
    Cold Hearted SOB Dave22reborn's Avatar
    Join Date: Jan 2005
    Location: Ill.
    Posts: 52,342
    Rep Power: 88568
    Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000) Dave22reborn has a brilliant future. Third best rank! (+40000)
    Dave22reborn is offline
    Originally Posted by rectifryer View Post
    Depends on the interest rate.

    If the market has colluded against your demographic in a way that forces you to attain debt to maintain status then I'd assert it's possible. It's something that no economic system has been able to avoid so far. Even bartering has loans.
    Your "demographic?"
    Reply With Quote

  11. #41
    ⊗♠⊗♠⊗♠⊗♠ ♠⊗♠ rectifryer's Avatar
    Join Date: Sep 2012
    Posts: 4,904
    Rep Power: 30338
    rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000) rectifryer has much to be proud of. One of the best! (+20000)
    rectifryer is online now
    Originally Posted by Dave22reborn View Post
    Your "demographic?"
    It's a generalized term just referencing any instance where a group of people being born into circumstances beyond their control are forced to make hard decisions beyond their capability repeatedly. Ie, We know poor people are stupid and will take 5% monthly compounding interest loans which is 1.05^12 yearly apr. They'll never pay that back. That's a product that should never exist, so in that case, I would see that as an elusive tactic meant to permanently or otherwise disproportionately engage and individual's obligations merely due to circumstance and capability of distinction. If you're stupid but not born poor, you may never have to turn to that product to begin with. You will most likely have peers or family that will dissuade you as well.

    However, if you offer me a 1%/yr interest loan I am pretty much taking it no matter what because over a year it's technically a profit compared to the performance of the dollar. I'm not making excuses for people who load themselves up with 70% debt to income ratio while making 60k/yr.

    We're not teaching this stuff in high school anymore, either. That's apparent by the student loan issue.
    Last edited by rectifryer; 05-26-2018 at 02:37 PM.
    CNN says it's illegal for you to neg me.

    *<SONS OF SMACK CREW>*
    This post brought to you by:
    Monster Zero Energy Ultra Sunrise
    Reply With Quote

  12. #42
    Gen -X- phaggots VinnyPazRules's Avatar
    Join Date: Jul 2009
    Posts: 8,702
    Rep Power: 20107
    VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000) VinnyPazRules is a splendid one to behold. (+10000)
    VinnyPazRules is offline
    Yes, Do you have a job? Look how afraid anyone with a mortgage is to say no to anything that's asked of them.
    Reply With Quote

  13. #43
    Lettuce be reality Bluestar92's Avatar
    Join Date: May 2010
    Location: United States
    Age: 27
    Posts: 4,603
    Rep Power: 12418
    Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000) Bluestar92 is a splendid one to behold. (+10000)
    Bluestar92 is offline
    Reply With Quote

  14. #44
    Banned DIREALBOSS's Avatar
    Join Date: Jun 2016
    Age: 25
    Posts: 1,338
    Rep Power: 0
    DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000)
    DIREALBOSS is offline
    Originally Posted by Dave22reborn View Post
    Why should someone give you a loan without interest?
    Why shouldn’t they? Why does someone need to give you a loan at all? When I’m talking about this topic I’m talking about the central bank level mostly because that is where the problem starts and goes all the way down to the individual.

    Why should the US government borrow money from the Federal Reserve? Why can’t the US government issue it’s own currency to its citizens which would eliminate the need to repay every every single dollar borrowed from the FED with interest? Why in the world would any country willingly opt to put itself in debt to some bank?

    Maybe you should ponder those questions and then think about how any country who has tried to issue its own currency or break away from the central banking system has been attacked or had a “revolution “ of some sort.

    The fact is you can never have a legitimate economy built on debt and interest instead of the productivity of the people. The productivity of the people should not be subject to leeches and vultures who do no work of their own except to suck the blood out of the people who provide labor and services and make the country work.

    Ever nation should have its own currency that is issued outright to its people, not borrowed from a bank. This currency should not be backed by any resource, as there is no need for the currency to have any value except for the services or goods it will be used to exchange. Because currency should ONLY be a means of exchange, nothing more.
    Reply With Quote

  15. #45
    Banned Stizzel's Avatar
    Join Date: Apr 2008
    Age: 37
    Posts: 50,175
    Rep Power: 0
    Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000) Stizzel has a brilliant future. Third best rank! (+40000)
    Stizzel is online now
    Originally Posted by DIREALBOSS View Post
    Why shouldn’t they? Why does someone need to give you a loan at all? When I’m talking about this topic I’m talking about the central bank level mostly because that is where the problem starts and goes all the way down to the individual.

    Why should the US government borrow money from the Federal Reserve? Why can’t the US government issue it’s own currency to its citizens which would eliminate the need to repay every every single dollar borrowed from the FED with interest? Why in the world would any country willingly opt to put itself in debt to some bank?

    Maybe you should ponder those questions and then think about how any country who has tried to issue its own currency or break away from the central banking system has been attacked or had a “revolution “ of some sort.

    The fact is you can never have a legitimate economy built on debt and interest instead of the productivity of the people. The productivity of the people should not be subject to leeches and vultures who do no work of their own except to suck the blood out of the people who provide labor and services and make the country work.

    Ever nation should have its own currency that is issued outright to its people, not borrowed from a bank. This currency should not be backed by any resource, as there is no need for the currency to have any value except for the services or goods it will be used to exchange. Because currency should ONLY be a means of exchange, nothing more.
    Interest should be charged because money today is worth more than money tomorrow, and because of the risk the loan wont be paid back.

    Of course government debt is different the same way everything the government does is different, you're forced under threat of violemce rather than offered a contract. Calling this slavery invalidates every aspect of statism because its a criticism that strikes at the fundamental aspects of what a state is. And Im not saying you're wrong because you're not, but be aware of the full implications to what you're saying.
    Reply With Quote

  16. #46
    Banned DIREALBOSS's Avatar
    Join Date: Jun 2016
    Age: 25
    Posts: 1,338
    Rep Power: 0
    DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000)
    DIREALBOSS is offline
    Originally Posted by Stizzel View Post
    Interest should be charged because money today is worth more than money tomorrow, and because of the risk the loan wont be paid back.

    Of course government debt is different the same way everything the government does is different, you're forced under threat of violemce rather than offered a contract. Calling this slavery invalidates every aspect of statism because its a criticism that strikes at the fundamental aspects of what a state is. And Im not saying you're wrong because you're not, but be aware of the full implications to what you're saying.
    You don’t grasp what I’m talking about. The value of money changing is only applicable in your debt society, not in a society where people are ACTUALLY free. If currency was only used a a medium of exchange there would be no changing of its value from day to day. I’m not even sure what you’re trying to talk about here and how it correlates to my post.

    The real source of debt comes from central banks like the FED loaning money to countries. My point is that every country should independently issue its own currency to eliminate this debt.
    Reply With Quote

  17. #47
    Registered User Streetbull's Avatar
    Join Date: Dec 2004
    Location: Maryland
    Posts: 20,642
    Rep Power: 30140
    Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000) Streetbull has much to be proud of. One of the best! (+20000)
    Streetbull is offline
    Debt is the basis for money. The Treasury creates a T-Bond, gives it to the Fed, the Fed goes clickety click on a keyboard and money appears.

    Since there don’t appear to be any negative consequences of this, the debt gravy train goes on and on. We can have food stamps, Social Security, Medicare, lots of military spending, and it’s all free!
    It follows then as certain as that night succeeds the day, that without a decisive naval force we can do nothing definitive, and with it, everything honorable and glorious. - George Washington
    Reply With Quote

  18. #48
    Banned LargePeter's Avatar
    Join Date: Aug 2011
    Location: Kuntstralia, Australia
    Posts: 26,079
    Rep Power: 0
    LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000) LargePeter has much to be proud of. One of the best! (+20000)
    LargePeter is online now
    No but taxation is theft
    Reply With Quote

  19. #49
    Registered User ScottTil's Avatar
    Join Date: Oct 2015
    Location: Maine, United States
    Posts: 2,388
    Rep Power: 8907
    ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000) ScottTil is a name known to all. (+5000)
    ScottTil is online now
    debt is the mechanism by which our civilization has been made great.
    Very few small or large businesses could exist without debt.
    Just because people are ignorant and put themselves in a bad spot does not make them slaves.
    Mouth janitor
    Reply With Quote

  20. #50
    Banned DIREALBOSS's Avatar
    Join Date: Jun 2016
    Age: 25
    Posts: 1,338
    Rep Power: 0
    DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000) DIREALBOSS is just really nice. (+1000)
    DIREALBOSS is offline
    “Nothing, nothing at all, can come from money alone. Table, cabinet, clothing, house, tool, in short everything around us has some value; in the end one can still use a broken piece of furniture as firewood to warm oneself, but with a twenty-mark note one cannot do anything; I cannot even wrap a piece of cheese in it. Only after people have sensibly agreed on the facilitation of the exchange of goods for consumption, to write vouchers for completed labor, only with that does the slip of paper receive meaning and purpose, and it is very reasonable that the farmer for his grain receives from the coalmining company not coal but money; thus a voucher for other completed labor, e.g. pitchforks, crockery, plough, and scythe. But with that the power of money should end.”

    I think it’s funny how you have all of these so called “educated” and informed professors, economist, business graduates and professionals yet they all are really just as gullible and ignorant as anyone in reality. All these smart people can’t see that the the FED/central banking system is a scam? It must be because these people don’t actually have natural intelligence and common sense, but only can repeat what they have been indoctrinated with, which is what they call an education. So they have no idea on how to critically think about things on their own, but must only follow the line of thinking that they were told to follow, anything outside of that line of thinking will make them malfunction.
    Reply With Quote

  21. #51
    Registered User PaulG's Avatar
    Join Date: Feb 2007
    Posts: 10,835
    Rep Power: 9909
    PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000) PaulG is a name known to all. (+5000)
    PaulG is offline
    All economic transactions are created within informational imbalances, where one party, for an economic transaction, possesses greater knowledge than the other party.

    This is not entirely a wrong thing, however, it devolves into a pervasive situation wherein the seller does not only know more than the buyers, but, entirely dominates all areas of decision making... especially for all persons who have no other option than to buy from that particular seller.

    When caveat emptor evolves from "let the buyer beware," into let all beware of the seller(who might be the monopoly). Then it really isn't a buy/sell market, it simply is a toxic predatory mess, wherein the moral logic follows that all can avoid exploitation by being omniscient; which is impossible... especially when it's a lone sheep buyer, vs a tribe of wolves selling.

    Social-capital is the only defense for buyers, while almost all prominent sellers seeking to exploit buyers have a disposable group of tribal capital "think tank" worshipers pushing their product.

    A society with strong social capital is a society where debt can never be a moral question.
    Reply With Quote

  22. #52
    39-6 Orlando1234977's Avatar
    Join Date: Jun 2006
    Location: Wisconsin, United States
    Posts: 13,218
    Rep Power: 78611
    Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000) Orlando1234977 has a brilliant future. Third best rank! (+40000)
    Orlando1234977 is offline
    Originally Posted by DIREALBOSS View Post
    Why shouldn’t they? Why does someone need to give you a loan at all? When I’m talking about this topic I’m talking about the central bank level mostly because that is where the problem starts and goes all the way down to the individual.

    Why should the US government borrow money from the Federal Reserve? Why can’t the US government issue it’s own currency to its citizens which would eliminate the need to repay every every single dollar borrowed from the FED with interest? Why in the world would any country willingly opt to put itself in debt to some bank?

    Maybe you should ponder those questions and then think about how any country who has tried to issue its own currency or break away from the central banking system has been attacked or had a “revolution “ of some sort.

    The fact is you can never have a legitimate economy built on debt and interest instead of the productivity of the people. The productivity of the people should not be subject to leeches and vultures who do no work of their own except to suck the blood out of the people who provide labor and services and make the country work.

    Ever nation should have its own currency that is issued outright to its people, not borrowed from a bank. This currency should not be backed by any resource, as there is no need for the currency to have any value except for the services or goods it will be used to exchange. Because currency should ONLY be a means of exchange, nothing more.


    We did not volunteer for the federal reserve.
    In fact, our forefathers properly warned us. But nobody wants to get JFK'd, or what happened to the others.
    Germany was highly successful in freeing their nation if one understands what enabled the Economic Miracle.
    DR. 3time (until they quit, or it'd be DR. 6time)
    Did you really think you can attack Cobra Kai and there wouldn't be any consequences?
    They drew first blood not me
    Brewers, Bucks, Badgers, Packers
    ~Cobra Kai Crew~
    Reply With Quote

  23. #53
    Registered User ParsleyTea's Avatar
    Join Date: Nov 2009
    Age: 49
    Posts: 2,170
    Rep Power: 3042
    ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500) ParsleyTea is a glorious beacon of knowledge. (+2500)
    ParsleyTea is offline
    Some call it that, slavery.

    Debt can also cause some to promote ideas and products of little value I believe.
    Reply With Quote

  24. #54
    Registered User nikkihaley's Avatar
    Join Date: Apr 2018
    Age: 15
    Posts: 88
    Rep Power: 0
    nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500)
    nikkihaley is offline
    yes
    Don't Attack Israel. Don't Attack Israel. Don't Attack Israel.

    and don’t focus all your resentment, all your anger, and all your hatred towards Israel,

    because Israel isn’t your enemy, So don’t attack Israel.

    don't boycott Israel. don't boycott Israel. don't boycott Israel.
    Reply With Quote

  25. #55
    Manlet with Credentials Jasonw1178's Avatar
    Join Date: Dec 2012
    Posts: 15,914
    Rep Power: 49665
    Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000) Jasonw1178 has much to be proud of. One of the best! (+20000)
    Jasonw1178 is offline
    I read this post about how "Bankruptcy made America the Greatest Country in the World." because it acts as a reset button for financial situations. Of course it's not all gravy, you really do hit the reset button which means game over for a while, but not permanent. To those who say this allows cheats to get away with basically financial fraud, I agree, but the pro's and con's, the pro's outweigh the cons. There is a few areas bankruptcy can't protect you, and that's where we have problems, such as student loans. Financial companies are more than happy to loan the money out because they know they will get their money back and then 90% of the time. That's why they will give loans out to people with no credit for liberal arts degrees.

    There was a time before this, where if you couldn't pay someone back, it was viewed as theft basically, and you were basically their property, and you could go to prison, or be forced to work for a wage that didn't even cover the interest. Debtors prisons and indentured servitude. They could even go after your children or relatives for your debt.
    Reply With Quote

  26. #56
    Registered User DrWilliam's Avatar
    Join Date: Apr 2013
    Location: United States
    Age: 32
    Posts: 11,042
    Rep Power: 0
    DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000) DrWilliam has much to be proud of. One of the best! (+20000)
    DrWilliam is offline
    Yeah those credit card companies rowed their boat right up to your house and put you in chains, forcing you to sign up for that credit card! Forcing you to take out that high interest auto loan! Forcing you to take those student loans!

    It's a travesty, ban debt
    Reply With Quote

  27. #57
    High Plains Lifter Mark1T's Avatar
    Join Date: Sep 2004
    Posts: 22,562
    Rep Power: 201109
    Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000) Mark1T has a reputation beyond repute. Second best rank possible! (+100000)
    Mark1T is offline
    Originally Posted by nikkihaley View Post
    is debt a form of slavery?
    Even though you are a troll, my suggestion is to not buy anything if you are so offended that you have to pay for it.
    Helping one person may not change the world, but it could change the world for one person.

    Misc Blood Drive: https://forum.bodybuilding.com/showthread.php?t=175220881
    Reply With Quote

  28. #58
    Banned wincel's Avatar
    Join Date: Aug 2016
    Location: Chad
    Posts: 33,728
    Rep Power: 0
    wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000) wincel has a reputation beyond repute. Second best rank possible! (+100000)
    wincel is offline
    The only time it is sensible to enter debt is if u reasonably anticipate u can get better returns in investing that money than the interest grows on the minimum payment of the debt.
    Reply With Quote

  29. #59
    Registered User nikkihaley's Avatar
    Join Date: Apr 2018
    Age: 15
    Posts: 88
    Rep Power: 0
    nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500) nikkihaley is not very helpful. (-500)
    nikkihaley is offline
    yes
    Don't Attack Israel. Don't Attack Israel. Don't Attack Israel.

    and don’t focus all your resentment, all your anger, and all your hatred towards Israel,

    because Israel isn’t your enemy, So don’t attack Israel.

    don't boycott Israel. don't boycott Israel. don't boycott Israel.
    Reply With Quote

  30. #60
    Anti-Circumcision JoshSP1985's Avatar
    Join Date: Aug 2009
    Location: Franklin, Indiana, United States
    Posts: 49,347
    Rep Power: 99657
    JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000) JoshSP1985 has a brilliant future. Third best rank! (+40000)
    JoshSP1985 is offline
    Isn't interest kind of BS in a fractional reserve system.

    The bank doesn't actually loan money they just create it out of thin air then put numbers in your account and they charge you interest to pay it back. They already made 100k lets say just appear out of nothing like magic that you're paying back.
    *DAD CREW*
    *RON PAUL*
    *MAGA*
    *ANTI-CIRC/FGM*
    *SHALL NOT BE INFRINGED*
    *CCW*
    Reply With Quote

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts