What would life be like without banks?

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By Vegas
14 Jun 2022 11:32 am in No Holds Barred Political Forum
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sooted up Cyndi
14 Jun 2022 2:07 pm
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Water Cooler Poleece
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Xavier_Onassis
14 Jun 2022 2:49 pm
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The Old Testament says, in Deuteronomy 23:19-20:
“You shall not charge interest on loans to your brother, interest on money, interest on food, interest on anything that is lent for interest. You may charge a foreigner interest, but you may not charge your brother interest, that the Lord your God may bless you in all that you undertake in the land that you are entering to take possession of it.

So the Hebrews were banned from lending money at interest TO OTHER HEBREWS. But not to Gentiles.
This makes sense, because the Rabbi could pester the deadbeat Hebrew to pay back the loan, but would get no respect from the Gentile.

Mohammad was firmly against lending money at interest.

Which largely explains the dismal economic situation of most Muslim nations.

Christians tend to define usury as charging EXCESSIVE interest.

Why lend money that you may lose if the borrower dies or becomes ill?\

Without interest, there is no profit, and without profit there is little economic growth.
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Monderegal
14 Jun 2022 2:58 pm
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Xavier_Onassis » 14 Jun 2022, 2:49 pm » wrote: The Old Testament says, in Deuteronomy 23:19-20:
“You shall not charge interest on loans to your brother, interest on money, interest on food, interest on anything that is lent for interest. You may charge a foreigner interest, but you may not charge your brother interest, that the Lord your God may bless you in all that you undertake in the land that you are entering to take possession of it.

So the Hebrews were banned from lending money at interest TO OTHER HEBREWS. But not to Gentiles.
This makes sense, because the Rabbi could pester the deadbeat Hebrew to pay back the loan, but would get no respect from the Gentile.

Mohammad was firmly against lending money at interest.

Which largely explains the dismal economic situation of most Muslim nations.

Christians tend to define usury as charging EXCESSIVE interest.

Why lend money that you may lose if the borrower dies or becomes ill?\

Without interest, there is no profit, and without profit there is little economic growth.

Hebrews were the only source for loans in Europe for a period (I think it was the Middle Ages) from I have read. That's probably why there are so many Jewish banking families in Europe such as the Rothschilds. You had to go to the Jews for money and a lot of Jews got rich. I hope I'm using good terminology here.
Nothing is easier than defending the status quo.
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31st Arrival
14 Jun 2022 5:05 pm
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Monderegal » 14 Jun 2022, 2:58 pm » wrote: Hebrews were the only source for loans in Europe for a period (I think it was the Middle Ages) from I have read. That's probably why there are so many Jewish banking families in Europe such as the Rothschilds. You had to go to the Jews for money and a lot of Jews got rich. I hope I'm using good terminology here.
Templar knights ring any bells and whistles? Friday the 13 trip your historical trigger. Templar knights were an offshoot of freemasons and freemasons are biblically linked to Solomon's temple. in years before Mohammad, Jesus, Alexander the great, Moses, David, the orient as china's I Ching outdates Torah and Quran that outdate old testament and new testament created almost 4 centuries after crucifiction... Took Jesus the man whose instincts debunked the world leaders of the day so all societies created a show trial and execution so brutal n0o man would try it again for thousands of years. 2,006 to be exact.

dare explain what the actual original sin is? Mankind defying now is eternity and started sacrificing biological time to make intellectual time exist..
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Xavier_Onassis
14 Jun 2022 5:22 pm
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Monderegal » 14 Jun 2022, 2:58 pm » wrote: Hebrews were the only source for loans in Europe for a period (I think it was the Middle Ages) from I have read. That's probably why there are so many Jewish banking families in Europe such as the Rothschilds. You had to go to the Jews for money and a lot of Jews got rich. I hope I'm using good terminology here.
The Roman Catholic Church was opposed to Christians lending money at interest.
The Jews were prohibited from lending money at interest--- but to other Jews.
So economic development was very constrained until the Protestants came along.
I do not think that all Jews, or even most Jews, got rich from lending money.
Jews were permitted only a few careers, such as buying and selling used stuff, clothing in particular. From there tailoring became a common profession. They also pioneered the pawnshop business and that is how they got into the diamond cutting trade.
The less control the Church had over the people, the more careers opened up for Jews.

 
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31st Arrival
14 Jun 2022 5:29 pm
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Xavier_Onassis » 14 Jun 2022, 5:22 pm » wrote: The Roman Catholic Church was opposed to Christians lending money at interest.
The Jews were prohibited from lending money at interest--- but to other Jews.
So economic development was very constrained until the Protestants came along.
I do not think that all Jews, or even most Jews, got rich from lending money.
Jews were permitted only a few careers, such as buying and selling used stuff, clothing in particular. From there tailoring became a common profession. They also pioneered the pawnshop business and that is how they got into the diamond cutting trade.
The less control the Church had over the people, the more careers opened up for Jews.

 
banks are the middle class between wages and taxes as government controls both and the governed allow it to make living easier to adapt with mutually evolving one at a time limited to eternally separated now.

Governors get carried away with their intellectual significance and begin to ignore their genetic time being alive now.
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DeplorablePatriot
14 Jun 2022 6:18 pm
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Great song. Great musicians died in that '59 plane crash, but music didn't...for a few decades at least. 

Now we need a song about bye-bye American pie...they day Obama was elected, and America died.
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Monderegal
14 Jun 2022 6:25 pm
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Xavier_Onassis » 14 Jun 2022, 5:22 pm » wrote: The Roman Catholic Church was opposed to Christians lending money at interest.
The Jews were prohibited from lending money at interest--- but to other Jews.
So economic development was very constrained until the Protestants came along.
I do not think that all Jews, or even most Jews, got rich from lending money.
Jews were permitted only a few careers, such as buying and selling used stuff, clothing in particular. From there tailoring became a common profession. They also pioneered the pawnshop business and that is how they got into the diamond cutting trade.
The less control the Church had over the people, the more careers opened up for Jews.
That's why I said the Middle Ages, before the Protestant reformation. Also, I am aware that the lending class among Jews was small but that remains the reason you see so many lending institutions that have Jewish backers. I'm not trying to be anti-Semitic with that insight. I just wanted to give out some factual information. The royalty of Europe probably have a lot of wealth too. Most of them are Christian, Catholic or Protestant. 
 
Nothing is easier than defending the status quo.
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nefarious101
14 Jun 2022 6:31 pm
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Vegas » 14 Jun 2022, 11:32 am » wrote: This is a complicated question because each person has their own lifestyle. Therefore, generalizing is the only way to answer this. On one hand, most of America needs banks to buy homes and cars.  The average American cannot pull out 400k at any time from his wallet and buy a house or a car. We depend on banks to put us in debt, so we can live somewhere and have a means to get to work...so we can continue to live somewhere. Most Americans cannot survive unless a bank puts them in debt. At the same time, that is a **** life. That is hardly freedom. I am not sure how we can say we live in a 'free country' if we are under the rule of institutions that determines our future.  What if there were no banks? It's a hypothetical question that I would love to entertain. Would most of America be homeless with no cars to get to work? In the beginning, of course life would be hell. However, as time goes on, in the long run, would things work itself out, thereby resulting in a better life?

my dog loves to go to the bank....they got treats.  Large ticket items like houses and cars are affordable in a cash only society as long as people stay in their affordability range, learn how to put money back and don't spend everything they get.  I have a friend who loves to spend it all.  He just inherited a large sum of money and has traded cars 4 times in the last year, traded boats 3 times and been on at least 4 or 5 long vacation....all within that same year. 
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DeplorablePatriot
14 Jun 2022 7:01 pm
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nefarious101 » 14 Jun 2022, 6:31 pm » wrote: my dog loves to go to the bank....they got treats.  Large ticket items like houses and cars are affordable in a cash only society as long as people stay in their affordability range, learn how to put money back and don't spend everything they get.  I have a friend who loves to spend it all.  He just inherited a large sum of money and has traded cars 4 times in the last year, traded boats 3 times and been on at least 4 or 5 long vacation....all within that same year.
With this fruity (CP's term), corrupt government we have in charge, and the way our democrat enemies are driving counter culture and all that should be America..
Yeah, the FDIC is almost reassuring. Not.
Prior to FDIC and 1929 when banks closed their doors, THAT kind of reassuring.
drug addicts and the darks breaking in? Under the mattress won't work, but where to keep cash secure beside a bank? Might be damned if you do, or damned if you don't use them.
Democrats make my jaw clench.  Image  
 
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nefarious101
14 Jun 2022 7:07 pm
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DeplorablePatriot » 14 Jun 2022, 7:01 pm » wrote: With this fruity (CP's term), corrupt government we have in charge, and the way our democrat enemies are driving counter culture and all that should be America..
Yeah, the FDIC is almost reassuring. Not.
Prior to FDIC and 1929 when banks closed their doors, THAT kind of reassuring.
drug addicts and the darks breaking in? Under the mattress won't work, but where to keep cash secure beside a bank? Might be damned if you do, or damned if you don't use them.
Democrats make my jaw clench.  Image

We have an old saying around here that goes back to the early west days.

When someone enters your house do harm the only question you should have to answer is, "Did ya get em?!?"
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