@dgilly - I still don't see the negative that you are talking about and I don't understand why anyone would lend money without getting a return.
I understand you believe it's against your principles to make money from lending money but my argument is if you don't make money why lend ? Why would anyone save money ? When you state the whole banking system is against you I think that's nonsense. I work for a big bank and we've been trying so hard to help out people impacted via COVID. I have no problems with knocking banks as well.
I don't see you making a clear point about what is wrong with the current system. Do you have a realistic alternative ?
My solution is to not have usury. I've said that like 2-3 times now. Money should not be lent at interest it should be loaned by the government without interest. I said that already. That is a completely viable alternative.
As for banks helping people with covid, that has nothing to do with this at all. I said the fractional reserve banking system is rigged against us.
If you still don't know what I'm saying I can't help you anymore
You aren't really making a point here though. You are stating you don't like usury but that is like stating you don't like people making a profit from businesses. You are entitled to your opinion but mate that ain't the way the world works and it isn't that way for a reason.
Yep the system is rigged against people who don't save money and go into debt but that is life.
Sorry dude but I don't see that you have a cognizant argument and you definitely don't have an alternative.
You just simply don’t understand this system. I’ve said my alternative so many times and each time you say I don’t have an alternative. Plenty of societies have abolished usury.
There is a big different between free markets and making a profit vs controlling the currency we use so that the world is forever in debt to you.
It has nothing to do with banks like CommBank, this is bigger picture. The big 4 banks just play within the game they have to play. I’m talking about the banking system that determines the financial system.
If you don’t understand what abolish usury means by now I just can’t help you.
I have said it so many times I’m not sure if you’re trying to be ignorant or not