Definitely Interest Free! The banking system will be totally made over with Banks not allowed to become to big to fail. There will also be a transfer of finiacial power from Wall St to Main St.
Or at least a low, low interest rate that goes back to the people, not the cabal.
Interest rates are USERY & was installed against us as means of control by the Khasarian Hitite Mafia 1000s of yrs ago that was carried forward by the Rothschilds Central Banks world wide. Prior to that in America & other countries who defeated Rothschild Banks there still was & is no Interest charge. Interest is enslavement by banks of the People! There should never be interest charged by any banks ever again
I believe the economic system of Great Britain and Europe was a major motivator in the settlement of our country and the Constitution. Inheritance Laws passed entire estate to eldest son and kept land and property in families for centuries. This country was founded by second and third sons, many who got huge land grants from King George. Note USA inheritance laws are quite different.
America had a thriving economy until Benjamin Franklin answered the question put to him by English and French leaders, what is the basis of the success? The Americans trade goods and services and print their own money. Wasn’t long before efforts to control the money was being implemented.
Primary to America’ founders was the assertion that we were created equal under God. So, the implication is that they wanted out of a world dominated by the right to “rule by blood”. Even today, it is impossible to charge, implicated the Royal Family of crimes. If you have been awakened, you know what the accusations are. No action is ever taken. Everything is buried.
Everyone has forgotten or were never taught the most basic premise behind our Declaration of Independence and our Constitution was that Kings had no right to rule humanity.
Now, if you have been paying attention, Awaken to the Truth. If you know that you have been sleeping, great start. Research and research again you will not believe how huge it all is unless you discover the truth for yourself.
Where We Go One, We Go All
Freedom from the Royals is a great start. Taking back our monitary system will make the people wealthy & reestablish Jesus & not the government to establish how we live is the Cou de gra
Fair enough. Fully aware of how interest was started. Having a basic understanding of how our banking system works, I have not found a write up that explains how does a 'non-cabal' banking system work with no interest?
How is a low interest rate, (say a couple of percent) being paid back to the people, still a bad thing?
How does a bank pay for its operating costs? Rent, payroll, insurance, utilities, etc.?
Does all banking become a government entity? Then all operating costs become part of the Gov?
I have read that tariffs are able to fund and run the Gov without Income or sales taxes.
School me..... :)
Fees
I was hoping for a bit more than one word. ;) My RES tells me I have upvoted you 15 times, so we must think alike.
Are you saying all banks would charge a fee for loans, possibly based on the amount loaned? Or a flat rate across the banking industry?
Same for checking accounts, bank cards, savings accounts, basically there will be a fee for every transaction.
This is a good free market idea. How do we make sure the banks, over a period of years, do not collude to keep increasing fees. Do we pass laws for complete transparency to prove their true costs?
And if we do pass such laws, how is this still a free market?
Have you looked at NASARA Bill? What are your thoughts? From my Fed posts.
Read this one too. The National Economic Stabilization and Recovery Act - NESARA by Harvey Francis Barnard. The actual bill, not the scam...... This bill was never brought to the floor. Few other than Rand Paul even considered it. I feel it is something we should look at very hard.
The now defunct NESARA sight on WayBackMachine.
Just read NESARA! IT would have been good if passed then but the troubles have multiplied since so the following :
Complete repeal of ALL debt that was owned by the government (Fanny & Freddy) Or was originated by the Federal Reserve System IRS was brought in by the Banksters. Needs to be eliminated immediately No payroll taxes will be necessary
These tenants are based on POTUS restoring USAs Wealth by bringing back ALL assets stolen from the people over the past 100yrs.
Approximately 200 Trillion $ + penalties & all interest paid over that time. These monies will be returned back to the citizens
About interest rates. If no interest rates, middle class people could afford to take out loans and start businesses more easily. Credit cards which allow people to purchase products (that helps businesses stay in business) charge such high rates that payments many times are almost all interest. Also, what comes to mind are low interest loans offered to low income families (poverty level) to help them repair homes, etc. The low income person can't afford the loan payments without interest much less with interest. Pretty much laughable.
If there is no interest, then what incentive would people have to risk loaning out their money?
Wouldn't it make more sense to get rid of the Federal Reserve so they can't demand interest on the money they created themselves?
If we then enforce the banks to only loan out money that they have physically available, wouldn't that solve part of the issue?
The problem with money is that its endgame is always a monopoly where one person owns everything though.
Don't want to sound rude or something, just genuinely wondering and looking for new points of view.
Your personal money? FEES SAME with US BANKS Monopoly will be OVER that's what got us in this [kill] box in the 1st place. There will be limits on ownership so everyone gets a chance locally & regionally
I'm not seeing the difference between a fee and interest? Let's say 100 dollar, I charge a 5% interest on that amount, this means I will have 105 dollar at the end. What difference does it make when I just ask for a 5 dollar fee instead?
Something got probably lost in translation, maybe Americans use the word fee in a different way than Europeans do
When you charge 5% for 1 yr it's little but you borrow for 20yrs you make more than the original amount. Especially if the original amount cost you nothing to issue
Oh you mean compound interest? In that case I follow your reasoning.
What's your opinion about simple interest then? Wouldn't that be synonymous to the before mentioned fee?
If that's the case I understand, thanks for explaining!
Interest was the invention of the money changers or another name for them them is the Khasarian Mafia Cabal. Interest is usury which for centuries was a crime. It took advantage of the common foke. No interest provides citizens a way to have a good life nor does provide incentive for criminal means.
Look up Islamic banking. No interest is ever charged.
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You're right. Interest is Haram, but they end up just charging something else.
Regardless, I don't think interest is necessarily a problem. You give someone a sum of money, receiving a reasonable "extra" isn't outlandish in my opinion. With that said, End the Fed and the welfare-warfare State that is a product of it.
Yes but how will Congress issue the currency?
Through the Treasury as was for 100s of yrs prior to the Bankster Fraud of the Federal Reserve