Tapsearch Com EditorWhat would Jesus do about Usury interest rates (LINK)
June 25th 2008 17:56
By Ray Tapajna, Tapart News and Art that Talks Editor and Artist
What would Jesus do about usury interest rates?
For years now, American people have endured high interest on their debts. In the 1990s, a report said that 47 percent of small business people maxed out their credit cards. And it is impossible to stay in business if you have to pay off high interest rates. A small business person can end up paying three times the amount of the loans and still have the principle amount left. In 1997, while President Clinton proclaimed a statistical prosperity, business failures surged 16 percent with a total of 83,384 businesses failing. Also 72,000 family farms disappeared between 1993 and 1999. Clearly, Clinton led Free Trade did not deliver prosperity to U.S. farmers. In addition, the newspaper headlines reported record breaking foreclosures. We provide you this background to show that the President Bush era was not the beginning of all the downturn although politicians and the media try to make it look that way.
Usury interest rates have been around a long time. President Bush says Jesus was his favorite philosopher but he certainly does not act out his beliefs in office. The only time Jesus seemed to have lost his quiet temperament is when he chased the money changers out of the temple. He was not silent as many were victimized with heavy financial burdens.
Shockingly, Christians leaders are silent and passive about the millions losing everything due to usury interest rates. Even those who have lost everything seem to have accepted their lot as something normal. Free Trade and Globalization has fostered a new wage slave trade and subsequently a permanent indentured servant class. Millions have lost their jobs during the most savage dislocation of workers in U.S. history with many losing everything in the process. Reportedly, of all those over 55 years of age who lost their jobs, one third never found another one. Imagine what this does to a family. At 55, the children are getting married or are in college. The head of the house had to find ways to survive and unfortunately did not expect that the foundation of what they knew all their lives was torn away from them. They were surprised by events and the many changes.
Most likely they cashed in their life insurance policies first and then they start charging more on credit cards to survive. It took time for the realization of their plight to sink in. They thought they could just find another job of equal value. The interest rates on their credit cards went over 18 percent. After missing a payment or two, the rate shot up to 24 percent and as bankruptcy loomed, the interest rates radically up to 34 percent predicting the doom of bankruptcy. The bankruptcy rate has broken records for years now. If Jesus was told he had to pay 18 percent interest or more, he may have taken a whip of cords to show his disapproval.
The Congress blamed consumerism with people wanting to buy too much and put a restriction on bankruptcy. People going bankrupt now have to take two courses before and after going bankrupt. Imagine someone who enjoyed a successful business for many years, subject to these assumptions by their government. What would Jesus do during an bankruptcy hearing of one of his apostles having to declare bankruptcy because they could not compete in their fishing business. Free Trade has stolen many businesses away forever.
Today many say it is the buyer's fault for buying a home above their ability to pay - including the high interest rates. These buyers should have anticipated the bubble in the housing market. Alan Greenspan, the head of the Federal Reserve, liked the bubble. He thought the rising values in housing which allowed a vast home equity loan market was a good financial product. However, it turned out to be funny money as other money products are today.
We call this Financialism. See Financialism and the oil money standard running on empty. The U.S. economy is now based on money as the major product instead of actual products made or farmed in the USA. Many of these money products can only survive on debts. Today this funny money market is collasping with many losing their homes. In Cleveland more than a 100 homes have been put on fire by arsons. The American Dream is literally Burning.
"Nice guys" with Christian manners in the media and politics wear blinders and hide from it all. Many promote this funny money climate.
However, in places like Italy, The Italian Anti-Usury Consultancy offers guarantees to banks or technical assistance to free possible victims of being charged excessive interest rates. Pope Benedict says it is a deplorable social plaque. In 1999, Pope John Paul called usury interest rates a serious social evil. In 1997, Bishop Tarcisio Bertone, secretary of the Vatican Congregation for Doctrine of the Faith said it was time to publish a new encyclical on the subject of usury and the use of money in general. He also related this to the problem of debts among nations which find themselves unable to pay off the international loans. According to John Perkins, author of Confessions of an Economic Hit Man, the USA money games are set in place in order to control other nations flow of money.
Throughout history, even before the birth of Christ, usury has been denounced. Aristotle called the birth of money from money " unnatural". Today the Federal Reserve prints paper with numerical images and calls it money. The only standard applied today is a value based on speculation which is led by oil in the global economy. After that the debt game starts with values based on who owes what to whom.
Some of the founding fathers like Thomas Jefferson called banks "more dangerous than standing armies." Andrew Jackson told a group of bankers they were a "den of vipers and thieves."
And Jesus reacted this way -- " And He found in the temple those who sold oxen and sheep and doves, and the money changers doing business. When he had made a whip of cords, He drove them from the temple, with the sheep and the oxen, and poured outthe changers' of money and overturned the tables" ( John 2:14-15 ) - and President George Bush says Jesus is his favorite philosopher as he backs up the money changers of our times.
Sources : Tcrnews2 Com Usury and our own Bizarre Politics site at Transformer Money Toy Economy
What would Jesus do about usury interest rates?
For years now, American people have endured high interest on their debts. In the 1990s, a report said that 47 percent of small business people maxed out their credit cards. And it is impossible to stay in business if you have to pay off high interest rates. A small business person can end up paying three times the amount of the loans and still have the principle amount left. In 1997, while President Clinton proclaimed a statistical prosperity, business failures surged 16 percent with a total of 83,384 businesses failing. Also 72,000 family farms disappeared between 1993 and 1999. Clearly, Clinton led Free Trade did not deliver prosperity to U.S. farmers. In addition, the newspaper headlines reported record breaking foreclosures. We provide you this background to show that the President Bush era was not the beginning of all the downturn although politicians and the media try to make it look that way.
Usury interest rates have been around a long time. President Bush says Jesus was his favorite philosopher but he certainly does not act out his beliefs in office. The only time Jesus seemed to have lost his quiet temperament is when he chased the money changers out of the temple. He was not silent as many were victimized with heavy financial burdens.
Shockingly, Christians leaders are silent and passive about the millions losing everything due to usury interest rates. Even those who have lost everything seem to have accepted their lot as something normal. Free Trade and Globalization has fostered a new wage slave trade and subsequently a permanent indentured servant class. Millions have lost their jobs during the most savage dislocation of workers in U.S. history with many losing everything in the process. Reportedly, of all those over 55 years of age who lost their jobs, one third never found another one. Imagine what this does to a family. At 55, the children are getting married or are in college. The head of the house had to find ways to survive and unfortunately did not expect that the foundation of what they knew all their lives was torn away from them. They were surprised by events and the many changes.
Most likely they cashed in their life insurance policies first and then they start charging more on credit cards to survive. It took time for the realization of their plight to sink in. They thought they could just find another job of equal value. The interest rates on their credit cards went over 18 percent. After missing a payment or two, the rate shot up to 24 percent and as bankruptcy loomed, the interest rates radically up to 34 percent predicting the doom of bankruptcy. The bankruptcy rate has broken records for years now. If Jesus was told he had to pay 18 percent interest or more, he may have taken a whip of cords to show his disapproval.
The Congress blamed consumerism with people wanting to buy too much and put a restriction on bankruptcy. People going bankrupt now have to take two courses before and after going bankrupt. Imagine someone who enjoyed a successful business for many years, subject to these assumptions by their government. What would Jesus do during an bankruptcy hearing of one of his apostles having to declare bankruptcy because they could not compete in their fishing business. Free Trade has stolen many businesses away forever.
Today many say it is the buyer's fault for buying a home above their ability to pay - including the high interest rates. These buyers should have anticipated the bubble in the housing market. Alan Greenspan, the head of the Federal Reserve, liked the bubble. He thought the rising values in housing which allowed a vast home equity loan market was a good financial product. However, it turned out to be funny money as other money products are today.
We call this Financialism. See Financialism and the oil money standard running on empty. The U.S. economy is now based on money as the major product instead of actual products made or farmed in the USA. Many of these money products can only survive on debts. Today this funny money market is collasping with many losing their homes. In Cleveland more than a 100 homes have been put on fire by arsons. The American Dream is literally Burning.
"Nice guys" with Christian manners in the media and politics wear blinders and hide from it all. Many promote this funny money climate.
However, in places like Italy, The Italian Anti-Usury Consultancy offers guarantees to banks or technical assistance to free possible victims of being charged excessive interest rates. Pope Benedict says it is a deplorable social plaque. In 1999, Pope John Paul called usury interest rates a serious social evil. In 1997, Bishop Tarcisio Bertone, secretary of the Vatican Congregation for Doctrine of the Faith said it was time to publish a new encyclical on the subject of usury and the use of money in general. He also related this to the problem of debts among nations which find themselves unable to pay off the international loans. According to John Perkins, author of Confessions of an Economic Hit Man, the USA money games are set in place in order to control other nations flow of money.
Throughout history, even before the birth of Christ, usury has been denounced. Aristotle called the birth of money from money " unnatural". Today the Federal Reserve prints paper with numerical images and calls it money. The only standard applied today is a value based on speculation which is led by oil in the global economy. After that the debt game starts with values based on who owes what to whom.
Some of the founding fathers like Thomas Jefferson called banks "more dangerous than standing armies." Andrew Jackson told a group of bankers they were a "den of vipers and thieves."
And Jesus reacted this way -- " And He found in the temple those who sold oxen and sheep and doves, and the money changers doing business. When he had made a whip of cords, He drove them from the temple, with the sheep and the oxen, and poured outthe changers' of money and overturned the tables" ( John 2:14-15 ) - and President George Bush says Jesus is his favorite philosopher as he backs up the money changers of our times.
Sources : Tcrnews2 Com Usury and our own Bizarre Politics site at Transformer Money Toy Economy
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Comment by Anonymouse in U.S.
Usury is wrong -- wrong! Our son just paid off a $200.00 loan from an outfit that advances money toward payday. He was charged $60.00 every two weeks. It was four months before he called them to see why it had not been paid out yet. Their reply was the $480.00 already paid had not gone to principal, but to "service charges." They may have just as well put a gun to his head in an alley and demanded $480.00. This comes out to 641% APR!
This may be legal in the U.S. since the contract allegedly spelled it out before he signed. Tell me how this is not unethical anyway?
As for the "What would Jesus do?" You can apply all the speculation you wish, but you really have no idea, since you have not met the man and assume that by reading words written no less than 30 years after Golgatha, that your answers will be correct. Words written that much later and attributed, and implied as verbatim, are not exactly the most credible. I say this cautiously, since I know full well it will offend and this is not my goal. My desire is to help one see that no matter what Jesus is reported as saying, you have no absolute proof he even said it.
Additionally, there is evidence from the Dead Sea Scrolls that the "Teacher of Righteousness" said much of this over 100 years prior to Jesus' birth. It is highly probable that the authors who credited Jesus with these words may have simply followed tradition and "plugged and chugged" here.
The Christ spirit which many, and I feel, was within Jesus set about to instill more love, tolerance and faith within mankind. One may best remember that anything else is just speculation and assumption.
Thank you again for the article. It is raising moral and ethical questions about usury and how to protect more people from its excesses. The concepts need analyses and oversight. It is hoped that if more people like you write on the subject that it will help additional numbers of people take a stand against usury and its abuses.
Comment by Tapsearch Com Editor
Ethics Box
Stories behind News in Global Economic Arena
The Rationale Quest
The World's News
Tapsearch explores untold stories
Reportedly, 47 percent of all small business owners maxed out their credit cards. In many cases, the rates are much higher than the margins a small business earns.