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Old 06-10-2008, 02:15 PM
farmer_giles_of_ham farmer_giles_of_ham is offline
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Join Date: May 2007
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I mean, you are totally right, about the consequences, but: there is mathematically no usury in this system- the money is created for free, in the economic sense. Inflation naturally amortizes all debts and even the costs, and bankruptcy, civil immunity debt recission techniques high LTV's etc make a lot of money free anyway, plus there are a million subsidies, and there are tax advantages as well, for those who go that route.

So I cant really see how there is actually any usury. But what is the challenge is the payments clause in the contract, to amortize for no reason, when the same banks keep lending the same money anyway on the same property- creates a lot of duplication and hassle, and now, as they choke back a lot of credit, things are getting difficult.

We need a jubilee, wipe out all the papers and start over again based on use and occupancy, homesteading squatting etc.
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