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> without even once mentioning the real reason: excessively low interest rates forced on us by the Fed. No. The real reason is that interest (usury) exists in
by apta 7y ago
> without even once mentioning the real reason: excessively low interest rates forced on us by the Fed.
No. The real reason is that interest (usury) exists in the first place. It is prohibited in Islam, Christianity, and Judaism for a reason. And I wouldn't be surprised if it were also prohibited in other religions.
An economic system that relies on usury is exploitative and predatory. The rich get reacher with basically no risk on their part, and the poor are left to struggle. Eventually the cycle completes and the entire system crashes as we've seen it happen many times now.