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Ekoh's avatar

Good points.

There are few things more damaging to a society than trading something for nothing, repeatedly. I am referring to fiat currency and the required physical collateral as security for money printed with no backing. Add usury, and you have a sure way for the lenders to end up with all the goods. Usury is a system of requiring more money to be repaid than was lent. Where does that money come from? Thin air.

In our case, the non-federal Federal Reserve Bank controls the terms of not only each bank loan, but the entire system. Having the power to create booms and busts means they are in control of your wealth.

This boom-and-bust cycle has been going on for, what, millennia? Yet, most people seem unaware of the inherent problems of such a system. They think they are making more money with this system, and for a time it seems to be true. Until another inevitable bust happens, just like what’s happening now.

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