Divining the News (DTN)

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Usury is making the rich avaricious and the poor poorer – video

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This video explores the historical critique of Usury, its prohibition and some alternatives.

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Usury – the lending of money at interest has been condemned throughout history by noble people of ALL faiths (Hindus, Buddhists, Jews, Muslims, Catholics, Greeks). It makes the poor poorer and gives rise to the most avaricious of lenders. We are actually being told our wars are for the purpose of enriching these people – and this is presented to us as an acceptable reason (not in the video).

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Instead of money being a medium of exchange, interest rates elevate money to being an end in itself.

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It is strange that so many Jewish people are in the lending business, when lending at interest rates is treated with scorn in the Old Testament, although permissible in the event of lending to a non Jew for business purposes.

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But nowadays we are all indebted, Jew and non Jew to interest rates for our housing and living expenses. “In the Old Testament, usury is considered an “abominable thing,” listed next to rape, murder, robbery and adultery. (Ezekiel 18:19-13).

The Ancient Greeks regulated interest, and then deregulated it. Upon deregulation, there was a catastrophic amount of unregulated debt which lead to the selling of Athenians into slavery. Plato (Laws, v. 742) and Aristotle (Politics, I, x, xi) both agreed that usury was immoral and unnatural…”

from: http://stopusuryinamerica.com/whatisusury.html

Written by morris

October 13, 2010 at 11:49 pm

Posted in interest rates, Usury

Tagged with , ,

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