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ichtms Wrote:
Many years ago when I hadn't any savings I happened upon the idea that "interest is theft", in the meaning that "money just sitting in a bank account shouldn't accumulate more money". I took that idea to my heart and I've since then managed to save up quite a lot of money but I've never struggled to put it in high interest accounts or anywhere were it could generate more money than the general salary account that I have. It has always been very low; 1% or less.


With interest, the bank is paying you for a service - the service being the ability to use your money to invest in other things. Finding a higher interest account is the same as negotiating a better deal for the service you provide.

ichtms Wrote:
Real freedom is only possible in a world that is totally free of money. I've written stuff on this but I don't know where those notes are right now. Well, anyway... What do you think of this idea?


I've always wanted to set up a small commune, where tasks are shared rather than paid for (i.e. no money is needed). My only problem with joining existing communes is that for some reason most of them like to avoid technology. I don't think the two things need to be mutually exclusive.

While you're in the commercial world, though, you're stuck playing the money game, so you might as well try to win.

Banks can afford to give interest to savings accounts because they gain a profit from interest on loans.  Plus, they invest savings money into bonds and money market and stuff like that (I'm not really sure.  I always hated economics class).  Ultimately, the motivation lies in the "courtesy" of giving you interest.  That way, if you ever need a loan, you would take it and then repay it, plus interest, to the courteous bank that you know so well.

I think we would have to wait for an apocalyptic World War III before we can enjoy a Star-Trek-style moneyless utopia.  Until then, capitalism rules.
The nature of money has changed. Because speculation has made currencies unstable, over a quarter of world trade does not use currency!  Bet you didn't know that.  For example, Lietaer reported in 2001 that Pepsi took it's profits from Russia in Vodka. A bank in Sweden is interest free, JAK, and it has been suggested that business would probably do better with a currency that carries negative interest so that long-term investment could be more profitable than short-term investment. This type of currency is called demurrage currency and it has been used successfully by many cultures in many times.  Here's the idea -- the longer you keep the money, the less it is worth. An example is the 12th and 13th centuries in the Holy Roman Empire-- many of towns and churches that were built are still around today. All of this construction was prompted by a currency that would be reclaimed at 3/4 face value when the ruler died, so there was reason to invest it as soon as possible in something that would produce long-term benefits.  Whole towns were built.

I read about these things in "The Little Earth Book" by James Bruges.  Can't take credit for doing the research.  He has pages and pages about monetary systems.
Here's a good summing up of money
http://www.xat.org/xat/moneyhistory.html

For a fact, most banks of the worlds banks, including the bank of England and the Federal Reserve, are in private hands, and I used to wonder how all the countries of the world are said to be in debt and I used to think, "who to?, Mars?"
These guys have enough money to buy Presidents.

Before the priveteers got thier hands on the American monetary system with the Fed reserve, America didnt have inflation.
The trouble with inflation is, you continually have to increase wages to keep up with the cost of living.
It then becomes far cheaper for companies to have products made in foriegn countries without this problem, such as China, thats why all the manufacturing jobs have gone from the west and we have to buy rubbish, inflation.

I spoke to a Muslim the other day who told me that the Islamic view of anybody who charges interest is the same as somebody who rapes thier own mother.
Its against Hebrew law as well but they only apply it to themselves, not the Goyim.

Heres saome more links if interested http://www.webofdebt.com/articles/dollar-deception.php

http://www.reformation.org/bank-of-england.html

And dont worry if you are longing for the cashless society, its coming very soon! http://video.google.com/videoplay?docid=...&plindex=2
Mind you, it does sound a bit like Revelation 13

16 And it puts under compulsion all persons, the small and the great, and the rich and the poor, and the free and the slaves, that they should give these a mark in their right hand or upon their forehead, 17 and that nobody might be able to buy or sell except a person having the mark, the name of the wild beast or the number of its name. 18 Here is where wisdom comes in: Let the one that has intelligence calculate the number of the wild beast, for it is a man’s number; and its number is six hundred and sixty-six.
At the risk of over-simplifying the issue, Banks make money on 1. The "spread" between loans (less losses) and deposits, and 2. Fees for allowing you the convenience and safety of having your funds available to you.  It gets expensive to manage that many transactions.  

I find the service of having my money available to me "on demand" to be worth the fees.  Your feelings may differ.
Dont you all forget where the banks make the most money, through the Federal reserve, prints money out of this air and to which it certainly doesnt have the gold to cover, then charges the state interest on these worthless pieces of paper that cost nothing.

When you read Americas 86 trillion dollars in debt, as is Britain, Germany, Japan, etc, etc, etc, who do you think all these countries are in debt too?, Mars?

Your tax dollars could be reduced and still have more than enough to pay for hospitals, a National Health Service whatever, if our countries had thier own banks, instead it all goes in the pockets of the Global Banking families.

No wonder they can buy presidents and insure thier little scam goes unmolested.
Up until quite recently, interest was considered usury and immoral throughout the Western world and banned by the Catholic church.

Today, usury/interest is still not condoned in Islamic society, where they have their own banking system.
My parents definitely taught me not to buy anything on credit unless absolutely necessary. They don't even own a credit card and neither do I.

Currently, I live in a rental appartment and drive around with a company car. I have no debt whatsoever. I will need to get a loan to pay off my future house, though.

Do you have any idea how to avoid the latter, GuessWho?

GuessWho Wrote:
America is a free country.  The banks are free to screw you as they see fit.

America did not and does not have enlightened principles of government that is why we declared independence.  
So, for example, Lincoln freed the slaves 22 years after Wilberforce did, and only after a major civil war bloodbath
You have national health care we don't
Students and their families assume the full responsibility for higher education in America


Well, Britain didn't have many slaves at the time, as opposed to the United States where the economy of the South was heavily slave-based.  If you use enlightened in the sense of the Enlightenment, that's exactly the principles your country was founded under and your constitution is full of the language of the Enlightenment.

What the UK is is more socialist.

...I have a European History test tomorrow...

ichtms Wrote:
Many years ago when I hadn't any savings I happened upon the idea that "interest is theft", in the meaning that "money just sitting in a bank account shouldn't accumulate more money". I took that idea to my heart and I've since then managed to save up quite a lot of money but I've never struggled to put it in high interest accounts or anywhere were it could generate more money than the general salary account that I have. It has always been very low; 1% or less.

Real freedom is only possible in a world that is totally free of money. I've written stuff on this but I don't know where those notes are right now. Well, anyway... What do you think of this idea?


ATM: One of the Rabbinical views of the time of grave crisis before the coming of the Messianic Age is that the "Parliaments of the nations will become whorehouses."  Only the Messianic Age will put an end to such madness.  Now, I do not interpret this literally, since powerful rulers have always had mistresses.  There is nothing new in that.  Rather, I interpret this bit of Rabbinical wisdom as symbolism.  The parliaments of the nations now SELL OUT to moneyed interests.  Whole nations become OWNED by the IMF, World Banks, George Soros, the UN, NATO, Trilateral Commission, et al.  

This is unprecedented in history.  In centuries past, Monarchies and Republics tended to value their sovereignty.  No King wanted to share power.  Each wanted to be an arrogant law unto himself.  That was far from perfect.  However, one good thing could be said of these rulers; for their own selfish reasons they protected the sovereignty of the nation (even if for the sake of power and not the people).  Today, by contrast, whole nations are bought out.  Democracies and dictatorships are alike owned by Wall Street.  Even "Communist" States have been run like corporations.

That is why the Saudis are able to manipulate our media so effectively, the power of money and oil.  That is why H*tler and other tyrants have been able to come to power so effectively.  That is why our country is not really free today.  I do not intend to use this forum for political purposes, but that is my opinion on the issues raised by the author of this thread.

And yes, as for the literal interpretation of the aforementioned Rabbinical Prophecy, Debra Palfrey did not commit suicide.  Anyone who believes that she did does not know history.

All the best.

A True Monotheist Wrote:
ATM: One of the Rabbinical views of the time of grave crisis before the coming of the Messianic Age is that the "Parliaments of the nations will become whorehouses."  Only the Messianic Age will put an end to such madness.  Now, I do not interpret this literally, since powerful rulers have always had mistresses.  There is nothing new in that.  Rather, I interpret this bit of Rabbinical wisdom as symbolism.  The parliaments of the nations now SELL OUT to moneyed interests.  Whole nations become OWNED by the IMF, World Banks, George Soros, the UN, NATO, Trilateral Commission, et al.  

This is unprecedented in history.  In centuries past, Monarchies and Republics tended to value their sovereignty.  No King wanted to share power.  Each wanted to be an arrogant law unto himself.  That was far from perfect.  However, one good thing could be said of these rulers; for their own selfish reasons they protected the sovereignty of the nation (even if for the sake of power and not the people).  Today, by contrast, whole nations are bought out.  Democracies and dictatorships are alike owned by Wall Street.  Even "Communist" States have been run like corporations.

That is why the Saudis are able to manipulate our media so effectively, the power of money and oil.  That is why H*tler and other tyrants have been able to come to power so effectively.  That is why our country is not really free today.  I do not intend to use this forum for political purposes, but that is my opinion on the issues raised by the author of this thread.

And yes, as for the literal interpretation of the aforementioned Rabbinical Prophecy, Debra Palfrey did not commit suicide.  Anyone who believes that she did does not know history.

All the best.


Well, actually...

Corporate interests and NGOs are fairly new, but sovereign powers have been bowing to money for ages.  Look at the states of Renaissance Italy (controlled by merchant oligarchies and wealthy families.)  Also, ever since guns made war really expensive monarchies have been driving themselves into horrible debt until banks practically owned them.  Spain had to declare bankruptcy several times, I know.

(flipping through textbook)

1519, some German named Fugger got a bunch of bankers together and  together they were able to control the election of the Holy Roman Emperor.  Not exactly modern.

Also, Saudis controlling our media?  Um, did I miss something?

Alias Pseudonym Wrote:

A True Monotheist Wrote:
ATM: One of the Rabbinical views of the time of grave crisis before the coming of the Messianic Age is that the "Parliaments of the nations will become whorehouses."  Only the Messianic Age will put an end to such madness.  Now, I do not interpret this literally, since powerful rulers have always had mistresses.  There is nothing new in that.  Rather, I interpret this bit of Rabbinical wisdom as symbolism.  The parliaments of the nations now SELL OUT to moneyed interests.  Whole nations become OWNED by the IMF, World Banks, George Soros, the UN, NATO, Trilateral Commission, et al.  

This is unprecedented in history.  In centuries past, Monarchies and Republics tended to value their sovereignty.  No King wanted to share power.  Each wanted to be an arrogant law unto himself.  That was far from perfect.  However, one good thing could be said of these rulers; for their own selfish reasons they protected the sovereignty of the nation (even if for the sake of power and not the people).  Today, by contrast, whole nations are bought out.  Democracies and dictatorships are alike owned by Wall Street.  Even "Communist" States have been run like corporations.

That is why the Saudis are able to manipulate our media so effectively, the power of money and oil.  That is why H*tler and other tyrants have been able to come to power so effectively.  That is why our country is not really free today.  I do not intend to use this forum for political purposes, but that is my opinion on the issues raised by the author of this thread.

And yes, as for the literal interpretation of the aforementioned Rabbinical Prophecy, Debra Palfrey did not commit suicide.  Anyone who believes that she did does not know history.

All the best.


Well, actually...

Corporate interests and NGOs are fairly new, but sovereign powers have been bowing to money for ages.  Look at the states of Renaissance Italy (controlled by merchant oligarchies and wealthy families.)  Also, ever since guns made war really expensive monarchies have been driving themselves into horrible debt until banks practically owned them.  Spain had to declare bankruptcy several times, I know.

(flipping through textbook)

1519, some German named Fugger got a bunch of bankers together and  together they were able to control the election of the Holy Roman Emperor.  Not exactly modern.

Also, Saudis controlling our media?  Um, did I miss something?


ATM: Your examples are good ones, and they make a valid point.  However, the difference between then and now is that the forces of world government are stronger now than ever before.  You can see that playing out when admittedly very evil rulers are brought to the Hague.  Next time it will be not so evil rulers.  At some point, it might be anyone who disagrees with the United Nations or its agendas, such as global gun control.  At some point very soon, the opposition of the Third World countries (mostly still autarchic) to radical sexual agendas as promoted by western countries will be progressively undermined.  

In 1519, power was held by autarchic strongmen, the Emperor of Japan being independent from the "Holy" Roman Emperor in Europe.  Now, it is firmly in the hands of a globalized elite.  There has been a tremendous shift, indeed.  

In any case, I am not here to make a bunch of political statements.  I have said enough on that subject.  

All the best.

A True Monotheist Wrote:
...the Emperor of Japan being independent from the "Holy" Roman Emperor in Europe.


Unsurprising, seeing as there wasn't an Emperor of Japan at this point. Wink

Alias Pseudonym Wrote:

A True Monotheist Wrote:
...the Emperor of Japan being independent from the "Holy" Roman Emperor in Europe.


Unsurprising, seeing as there wasn't an Emperor of Japan at this point. Wink


ATM: OK, the interregnum before the Tokugawa, or whatever system may have reigned at that time.  Probably a lot of wars, and stories to inspire cheap martial arts films.Wink

Thanks for the history lesson.

All the best.

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