| Subject: | Re: [socialcredit] Timely articles about the usuryfree community currency movement in a national, Financial magazine in Canada ... | | Date: | Tuesday, August 16, 2005 09:41:14 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
| In reply to: | Message 2488 (written by Janos) |
You should ask instead "Why are you continuing to pay
them (the bankers) a FEE (usury) when it costs them
nothing to create the credit they lend to you?"
-----------------------------------
------------------------------------
But the assumption that "it costs them nothing to
create the credit they lend to you" is false. There
are real costs to supplying financial services in any
conceivable financial system.
Moreover, the terms "usury" and "interest" are not
synonyms--not morally, not legally.
I'm sure you will agree they are not synonyms
*legally,* though perhaps you will assert the law has
changed, which it has.
Why do you say that interest is *morally* the same
thing as usury?
-
--- Janos <abel@lightnet.co.uk> wrote:
> I, also, read everything here but post rarely.
>
> There is a simple answer to your question: "because
> it is not accepted as payment for any of the
> essential bills". Indeed, if such alternative
> schemes threatened to become effective, they would
> be outlawed.
>
> You should ask instead "Why are you continuing to
> pay them (the bankers) a FEE (usury) when it costs
> them nothing to create the credit they lend to you?"
> ----- part of Original Message -----
> From: Tom Kennedy
> To: Social Credit
> Sent: Thursday, June 02, 2005 12:37 PM
> Subject: [socialcredit] Timely articles about the
> usuryfree community currency movement in a national,
> Financial magazine in Canada ...
>
> ... I simply ask people: Why are you continuing to
> use their money and paying them (the bankers) a FEE
> (usury) when you can now create and spend your own
> money for FREE? ...
>
____________________________________________________
Start your day with Yahoo! - make it your home page
http://www.yahoo.com/r/hs
|
Re: [socialcredit]
Reply to this message