Usury, debt, interest

Usury, debt, interest

Deuteronomy 23:20

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.

DISPOSSESSION is the essence of issuing currency as debt at interest.

In an organic monetary system, governments create interest-free currency (as was the case in most democracies prior to 1973), and spends it into circulation via the budget. This was typically done by government-owned, central banks (such as Canada, but unlike the US where the fed is private). Commercial banks are agents of this money, not creators.

Currently all currencies are created the out of nothing by commercial (private) banks in exchange for a mortgage (death pledge) or collateral, issued as debt at interest.

For eg., someone approaches a bank for a loan. The bank does not retrieve the amount from the safe, but creates it out of nothing the minute it has a lien on property or enslaved the labour of the applicant. Suddenly the bank is in possession of an asset and interest income, where a moment before it had nothing.

The same applies to governments who forfeit pensions, land, and infrastructure.

This volcano of new currency, inflates the money supply (not inflation of prices) at the expense of savings and wages, which decrease in value as a result of this inflation.

Since the currency for the interest payments is not created with the loan, there is a drain on the currency supply to pay interest, inevitably leading to bankruptcies, ie., dispossession.

This is also the reason all governments are in more and more debt, since they cannot pay off the loans without exhausting the currency supply leading to economic stagnation and bankruptcies.

Exodus 22:25

If you lend money to my people … you shall not exact interest from them