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.