You know that Islam has one up on Christianity here, they stuck with the word of the Qu'ran
Islamic law prohibits usury
Both Jewish and Christian cultures have disposed of God's word in regards to Usury.
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
I personally don't care what either says, just responding to he still stands.
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
Now, many of you may want to look into this yourselves.
Usury was strictly forbidden in most cultures except Judaism and consequently the majority of Moneylenders were Jews. Hence the dominance of Jews in the banking system.
Look it up!
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
the problem is...this can't last forever and when the bubble bursts there's gonna be slight problems.
I don't know if there is a bubble. There is a large collection of goods and services. If there will be a burst it will come from abuse of the planet for personal gain. And the abuse of people for the same reason. It will burst with war - or depleted reasorces like water, or atmosphere.... The monetary system itself is sound and should last forever.
I think it is silly to consider the banking system our enemy. We live great in this country - healthier - far better working conditions - more time off - we have great individual wealth - food homes..
The problem is with the law makers..
The banking system works wonderfully... Our system of currency has been carrying us for hundreds of years - with very little problems.
The poverty we suffer is because we are afraid of government.. a little creative governing and we could end poverty in the entire world... in no small part due to the outstanding monetary systems that has facilitate worldwide trade.
Actually, the full-reserve banking system eliminates inflation. Inflation is a mechanism of the fraction-reserve banking system, it's designed to cover their ability to lend money they don't actually have.
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
The monetary system itself is sound and should last forever.
I don't know... I've read articles (for example -- Ben Stein) that said that it would be wise to start pulling everything that is backed by currency and put it into tangible investments (gold, silver, land, etc.)
Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
I don't know... I've read articles (for example -- Ben Stein) that said that it would be wise to start pulling everything that is backed by currency and put it into tangible investments (gold, silver, land, etc.)
The truth, as the USD inflates, the value of Gold goes up and vice versa. So for example if you had $5,000 dollars in cash and the value of it declined by 50% (just an example) your money would essentially be worth $2,500. However, if you had invested that $5,000 in Gold and sold it after inflation, you could sell the Gold for $10,000 which would be the equivelant of $5,000 prior to inflation. Investing in Gold is not exactly a way of earning money, but securing the value of your money.
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
The truth, as the USD inflates, the value of Gold goes up and vice versa. So for example if you had $5,000 dollars in cash and the value of it declined by 50% (just an example) your money would essentially be worth $2,500. However, if you had invested that $5,000 in Gold and sold it after inflation, you could sell the Gold for $10,000 which would be the equivelant of $5,000 prior to inflation. Investing in Gold is not exactly a way of earning money, but securing the value of your money.
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
If you have to pretend it is a commodity - then clearly it is not. It is merely paper that represent the value of your goods or your service.
Gold and silver are the only things? what about diamonds.. or women... or ammo
oddly enough, i spent this past summer washing dishes on a guest ranch, and one of the 2 chefs was an aussie photographer who trekked across africa in a truck with 4/5 other people for 3 months,.. ya know, like, they went the whole way across! ....anyway, Coca-Cola of all things is a HUGE bargaining chip, and they would always buy some in any towns/cities so once they were out in the village-terrain they could trade for food, water, gas, etc... he said they did have to use their gas as money to survive at times, like when they would be faced with crossing a river, the boatsmen would always want to be paid in gas so they could continue their business.
this was all very interesting to me,.. but even moreso, seems marijuana works pretty well too.
we don’t know just where our bones will rest,
to dust i guess,
forgotten and absorbed into the earth below,..
The truth, as the USD inflates, the value of Gold goes up and vice versa. So for example if you had $5,000 dollars in cash and the value of it declined by 50% (just an example) your money would essentially be worth $2,500. However, if you had invested that $5,000 in Gold and sold it after inflation, you could sell the Gold for $10,000 which would be the equivelant of $5,000 prior to inflation. Investing in Gold is not exactly a way of earning money, but securing the value of your money.
Actually gold, over the years, has been a better investment than the basic measurement of the capital markets -- Dow Jones. So I don't agree that its only a way to secure your money.
The point was that investments backed by currency are worthless if we see hyperinflation (which would be caused by a major crisis -- not just a recession). At that point you're up shit creek if you hold investments backed by the USD, or any other currency really.
Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
I gave a few of those verses to a guy I work with, he says "What is an atheist doing reading the bible?" lol
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
Jackson killed the bank, but Lincoln founded the Greenbacks.
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
How The Debt Based Monetary System Functions in Canada
Recent figures from Statistics Canada and the Bank of Canada show that the total debt of all levels of Canadian government, individuals, and corporations is 2.27 trillion dollars on which interest must be paid. Canada has a total money supply (credit supply) of 800 billion dollars. Therefore, the debt owing is three times larger than the amount of money we have to pay it off.
Of the $800 billion money supply, only $38 billion is legal tender (bank notes in circulation) which are created by the Bank of Canada interest free. The remainder ($762 billion) is credit created by the major chartered banks as loans (mortgages, credit card loans, home equity loans, business loans, etc) which are considered as deposits and on which interest must be paid.
Thus the Canadian economy is run on a debt based monetary money system, where legal tender amounts to 5% of the money supply and credit amounts to 95%.
“Ever since the passage of The English Bank Act of 1844, the creation, issuance, and the regulation of the circulation of the current medium of exchange, though being duties that constitute the most conspicuous and sacred responsibilities of government, have been in large measure delegated in blind faith and absolute confidence to bankers and financiers.” http://canadianactionparty.ca/cgi/page.cgi?zine=show&aid=43&_id=27
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
Forbes Magazine founder Bertie Charles Forbes wrote several years later:
"Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily hieing hundred of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written... The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York’s ubiquitous reporters had been foiled... Nelson (Aldrich) had confided to Henry, Frank, Paul and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank and Henry... Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality." http://en.wikipedia.org/wiki/Jekyll_Island
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
We work all day just waitin to get paid
And it seems ok, we don't suspect foul play
but there's a lot more to it, regardless what
they say
this system we obey, each one of us are slaves
and we forget all about these attacks
when we get some time to relax
but the facts about this tax is wack
no slack, monetary crack, makin these pacts
leaving no tracks, leveraging jack, what's it
gonna take before we decide to act
Money doesn't grow on trees, it's printed by
bankers making it for free, counting their
money like an old miser, hoping we won't get
any wiser
cause if we did, we'd put an end to this shit
I necessarily have the passion for writing this, and you have the passion for condemning me; both of us are equally fools, equally the toys of destiny. Your nature is to do harm, mine is to love truth, and to make it public in spite of you. - Voltaire
Comments
Good luck with that.
Islamic law prohibits usury
Both Jewish and Christian cultures have disposed of God's word in regards to Usury.
I personally don't care what either says, just responding to he still stands.
Usury was strictly forbidden in most cultures except Judaism and consequently the majority of Moneylenders were Jews. Hence the dominance of Jews in the banking system.
Look it up!
I don't know if there is a bubble. There is a large collection of goods and services. If there will be a burst it will come from abuse of the planet for personal gain. And the abuse of people for the same reason. It will burst with war - or depleted reasorces like water, or atmosphere.... The monetary system itself is sound and should last forever.
Actually, the full-reserve banking system eliminates inflation. Inflation is a mechanism of the fraction-reserve banking system, it's designed to cover their ability to lend money they don't actually have.
I don't know... I've read articles (for example -- Ben Stein) that said that it would be wise to start pulling everything that is backed by currency and put it into tangible investments (gold, silver, land, etc.)
The truth, as the USD inflates, the value of Gold goes up and vice versa. So for example if you had $5,000 dollars in cash and the value of it declined by 50% (just an example) your money would essentially be worth $2,500. However, if you had invested that $5,000 in Gold and sold it after inflation, you could sell the Gold for $10,000 which would be the equivelant of $5,000 prior to inflation. Investing in Gold is not exactly a way of earning money, but securing the value of your money.
Here is a graph explaining the system
http://www.safehaven.com/images/laidi/3309_b.gif
I could be wrong, I'm not an economist :(
you're a googlonomist:)
all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
except by express written permission of ©gue_barium, the author.
Ja, google owns my brain.
oddly enough, i spent this past summer washing dishes on a guest ranch, and one of the 2 chefs was an aussie photographer who trekked across africa in a truck with 4/5 other people for 3 months,.. ya know, like, they went the whole way across! ....anyway, Coca-Cola of all things is a HUGE bargaining chip, and they would always buy some in any towns/cities so once they were out in the village-terrain they could trade for food, water, gas, etc... he said they did have to use their gas as money to survive at times, like when they would be faced with crossing a river, the boatsmen would always want to be paid in gas so they could continue their business.
this was all very interesting to me,.. but even moreso, seems marijuana works pretty well too.
to dust i guess,
forgotten and absorbed into the earth below,..
hehee. good old ganja. i was going to bring that up.
all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
except by express written permission of ©gue_barium, the author.
Actually gold, over the years, has been a better investment than the basic measurement of the capital markets -- Dow Jones. So I don't agree that its only a way to secure your money.
The point was that investments backed by currency are worthless if we see hyperinflation (which would be caused by a major crisis -- not just a recession). At that point you're up shit creek if you hold investments backed by the USD, or any other currency really.
Jackson killed the bank, but Lincoln founded the Greenbacks.
How The Debt Based Monetary System Functions in Canada
Recent figures from Statistics Canada and the Bank of Canada show that the total debt of all levels of Canadian government, individuals, and corporations is 2.27 trillion dollars on which interest must be paid. Canada has a total money supply (credit supply) of 800 billion dollars. Therefore, the debt owing is three times larger than the amount of money we have to pay it off.
Of the $800 billion money supply, only $38 billion is legal tender (bank notes in circulation) which are created by the Bank of Canada interest free. The remainder ($762 billion) is credit created by the major chartered banks as loans (mortgages, credit card loans, home equity loans, business loans, etc) which are considered as deposits and on which interest must be paid.
Thus the Canadian economy is run on a debt based monetary money system, where legal tender amounts to 5% of the money supply and credit amounts to 95%.
“Ever since the passage of The English Bank Act of 1844, the creation, issuance, and the regulation of the circulation of the current medium of exchange, though being duties that constitute the most conspicuous and sacred responsibilities of government, have been in large measure delegated in blind faith and absolute confidence to bankers and financiers.”
http://canadianactionparty.ca/cgi/page.cgi?zine=show&aid=43&_id=27
"Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily hieing hundred of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written... The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York’s ubiquitous reporters had been foiled... Nelson (Aldrich) had confided to Henry, Frank, Paul and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank and Henry... Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality."
http://en.wikipedia.org/wiki/Jekyll_Island
And it seems ok, we don't suspect foul play
but there's a lot more to it, regardless what
they say
this system we obey, each one of us are slaves
and we forget all about these attacks
when we get some time to relax
but the facts about this tax is wack
no slack, monetary crack, makin these pacts
leaving no tracks, leveraging jack, what's it
gonna take before we decide to act
Money doesn't grow on trees, it's printed by
bankers making it for free, counting their
money like an old miser, hoping we won't get
any wiser
cause if we did, we'd put an end to this shit