| Subject: | Re: [socialcredit] Re: Chinese Monetary Reform: Please check the website | | Date: | Wednesday, April 1, 2009 21:07:00 (+1300) | | From: | William Hugh McGunnigle <wmcgunn @.........nz>
|
| In reply to: | Message 6518 (written by Per Almgren) |
HI Per
I am, sorry to throw a Huge spanner into the works on this idea,
but that is pricisely the method whereby this preesent system evolved. IN
the early days of banking the RC church made lending money under usury a
venal sin and so no : RC christian was permitted to lend money at interest.
The Italian Bankers got around that provision by contracting their loan to
the cargo involved. they were paid on contract a sum greater than that which
they had loaned the contractee. This was not strictly speaking a loan
covered by usury and so it was quite acceptable to the church since
technically the extra money owed was not an interest payment but a
contracted obligation. Jews however, not being christian were not obligated
to the church and so money lending with interest was a perfectly acceptable
occupation for them, This is how the jews in Europe came to be associated
with the banking system in the first place. Incidently I believe there are
strictures against lending money at interest in the ISlamic code of living
too, thus jews became money lenders in the Islamic parts of Europe too for
the same reason that they became monmey lenders in the Christian parts of
Europe. Much of the antisemitism in the world today stems from that era in
both Hristian and Islamic territories, when the jewish money lender became
an object of hatred because of the way they charged interest and made
themselves wealthy at the expense of the traders and businessmen taking very
little risk for great rewards. Charging fees on loans is a variation on the
system I mentioned at the beggining of this discourse.
regards
Bill McG
----- Original Message -----
From: "Per Almgren" <almgren_per@telia.com>
To: <socialcredit@elistas.com>
Sent: Sunday, March 29, 2009 9:18 PM
Subject: Re: [socialcredit] Re: Chinese Monetary Reform: Please check the
website
> The JAK Bank does not charge interest from its customers. They charge a
> fee that covers the costs for administration of the saving-loans. No
> interest is paid out to the savers, no interest or profit is paid out to
> the owners (the members of the bank), the amounts of the fees is adjusted
> so that there on average is no ratained profit in the bank. The words
> interest income the JAK Bank and I myself define as an income due solely
> to the ownership of something, mainly money. Compensating for average
> losses is not considered to be an interest income.
> Per Almgren
>
> william_b_ryan@yahoo.com skrev:
>> "What is needed is that the system is free of interest and investors
>> demand for profit."
>> -------------------------------------------------
>> --------------------------------------------------
>>
>> This is a rather peculiar comment coming from someone who pushes the JAK
>> Bank, which charges a substantially higher rate of interest than
>> conventional banks. That they claim to be "interest free" is a pure
>> deceptive trade practice.
>>
>> What this indicates is a profound confusion as to how money, credit and
>> the economy work.
>>
>>
>> --------------------original message-----------------------
>>
>> Subject: Re: [socialcredit] Chinese Monetary Reform: Please check the
>> website
>> Date: Thursday, March 26, 2009 22:59:33 (+0100)
>> From: Per Almgren <almgren_per @.....com> In reply to: Message 6498
>> (written by Eric Encina)
>>
>> I do not think that we even need an international reserve currency. All
>> currencies should be floating to each other. What is needed is that the
>> system is free of interest and investors demand for profit.
>>
>> Per Almgren
>>
>> Eric Encina skrev:
>>
>>
>> ---------------------------------------------------------------------
>> Some introductory materials to the discussion topic of this list are at
>> http://www.geocities.com/socredus/compendium
>> You're subscribed to this list with the email almgren_per@telia.com
>> For more information, visit http://www.eListas.com/list/socialcredit
>>
>>
>
> ---------------------------------------------------------------------
> Some introductory materials to the discussion topic of this list are at
> http://www.geocities.com/socredus/compendium
> You're subscribed to this list with the email wmcgunn@maxnet.co.nz
> For more information, visit http://www.eListas.com/list/socialcredit
>
|
Re: [socialcredit]
Reply to this message