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Usury and the World Banking System

Discussions about the economic and financial ramifications of PEAK OIL

Usury and the World Banking System

Unread postby toast » Mon 14 Jan 2008, 23:05:05

Is the charging of an usury, which is an ensnaring tool of the world elite banking system, be threaten by something called, Islamic Sharia banking, which charges no usury? Can the current clash of civilizations be that simple? I thought all banks needed to charge an interest in order to exist. This Islamic Sharia banking is new to me.

http://www.globalresearch.ca/index.php? ... a&aid=7783
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Re: Usury and the World Banking System

Unread postby seldom_seen » Mon 14 Jan 2008, 23:25:51

If I'm not mistaken, all the major religions warn of the perils of usury, and outright discourage it or forbid it.

That doesn't really mean anything though.

Islamic countries like SA and the gulf emirates are large shareholders in the US banking system and all its glorious usurious profits.

The outlaw of usury under sharia law is a good thing I think. Sharia law though has way too much barbaric stone age baggage to ever become a viable alternative to the dominant paradigm.

The only way it is ever implemented is beating down any resistance, cutting their heads off, beating them to a pulp, raping their women, shooting their dogs and forcing them to bow to mecca and obey sharia law or else.
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Re: Usury and the World Banking System

Unread postby mekrob » Mon 14 Jan 2008, 23:46:38

Hizb-uT-Tahrir is fairly strong, numbering more than a million worldwide. Is prominent in more than 40 nations around the world

$this->bbcode_second_pass_quote('', 'I')f I'm not mistaken, all the major religions warn of the perils of usury, and outright discourage it or forbid it.


Read the article? Christianity and Judaism had no problem with it. Protestantism even changed the definition so that interest is permissible but "excessive" isn't with no specification of what "excessive" is.
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Re: Usury and the World Banking System

Unread postby seldom_seen » Tue 15 Jan 2008, 02:19:56

$this->bbcode_second_pass_quote('mekrob', 'R')ead the article? Christianity and Judaism had no problem with it.

$this->bbcode_second_pass_quote('', '[')b]Hebrew Bible

If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor; neither shall ye lay upon him interest. (Exodus, 22:25 [7])

New Testament

To the bankers and money changers. Usury or loaning money at interest is strictly forbidden by the Bible, Ex 22:25-27 De 23:19,20.

Qur'an

Those who charge usury are in the same position as those controlled by the devil's influence. This is because they claim that usury is the same as commerce. However, God permits commerce, and prohibits usury. (Al-Baqarah 2:275)

http://en.wikipedia.org/wiki/Usury#Usur ... ious_texts

The religious texts all have the same message when it comes to usury.

Those old timey religons were right! All of 'em! Look at how FUBAR'd the banking system is now. As well as its "customers." The indentured servants who toil daily, indebted to the biggest glassiest buildings in town.

Image

Aside from a few pockets of sharia law, and any other system outside of the global economy. Usury is the name of the game whether jew, christian, muslim, scientologist or follower of Oprah.
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Re: Usury and the World Banking System

Unread postby mkwin » Tue 15 Jan 2008, 06:47:43

Without finance we would be unable to get finance for business ventures or homes. The current fiasco is a blip that if peak oil was not to happen would be irrelevant within 5-10 years.

Who cares what the Bible says. 75% of it is rubbish.
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Re: Usury and the World Banking System

Unread postby MacG » Tue 15 Jan 2008, 07:13:40

Pffh.. The Persian Central Bank is full member of BIS. Don't see any remarkable deviations from them. Usury as far as the eye can see.

http://www.bis.org/cbanks.htm
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Re: Usury and the World Banking System

Unread postby IslandCrow » Tue 15 Jan 2008, 08:07:17

$this->bbcode_second_pass_quote('mkwin', 'W')ithout finance we would be unable to get finance for business ventures or homes.


From what I understand (but I am no expert and have no quotes to back me up), the idea of the interest free system from the Muslim view point is similar to the idea of raising share capital, with the person providing the capital being allowed a share in any profit of the venture (and bearing the loss if the venture failed), so the system does allow for financing of business ventures.

However, I do feel that a lot of the lending practices that 'fit in with the Islamic law' are deceptive...such as the provision of mortgages where the lender buys the house and then charges a 'rent' until the full amount of the house plus an extra amount (which in other systems would be called 'interest') is paid for, at which time the house then transfers to the ownership of the one who has paid the 'rent'. In my mind this is following the letter of the law, but against the spirit of it.

Regarding the definition of 'usury' as 'excessive interest', there is an interesting passage in the Old Testament where a 1% interest rate on mortgages of fields and crops was called 'usury' [If you want the reference please PM me].
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Re: Usury and the World Banking System

Unread postby mekrob » Tue 15 Jan 2008, 09:19:50

$this->bbcode_second_pass_quote('', '
')If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor; neither shall ye lay upon him interest. (Exodus, 22:25 [7])


Gee, who do you think "My people" are? The same ones that claim to be God's Chosen People? Yup. They can't charge interest to JEWS, not to non-Jews, as pointed out in the article.

Also from the Bible:

$this->bbcode_second_pass_quote('', '"')You may make a foreigner (non-Jew) pay interest, but your brother you must not make pay interest
Deut 23:20

That same point is made for Christians as you use the same verses. Charging interest IS allowed against "foreigners", ie. people that don't belong to your faith. But it is forbidden within your own faith. So all the evil still occurs. Africa, a nation of foreigners and pagans, is allowed to be crippled by mounting interest using the Bible.

$this->bbcode_second_pass_quote('', 's')uch as the provision of mortgages where the lender buys the house and then charges a 'rent' until the full amount of the house plus an extra amount


True, but the point is that it's a fixed amount. So if the rentee is late with payment, then there is no additional charge levied upon him or her, unlike in the US where they would have to pay the "principle", the additional interest rate, and most likely another fee on top of that. This forces the lenders to be careful about their dealings so that they won't just give out billions of dollars worth of loans to idiots without jobs like what happened in the US.
I want to put out the fires of Hell, and burn down the rewards of Paradise. They block the way to God. I do not want to worship from fear of punishment or for the promise of reward, but simply for the love of God. - Rabia
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Re: Usury and the World Banking System

Unread postby Kingcoal » Tue 15 Jan 2008, 16:26:19

"Hi, we'd like to buy your oil."

"Ok, that will be .1 oz gold/bl please."

"Sorry, we don't do that but we have these things called dollars and if you take them you can reinvest them into our economy so we can buy more oil. You'll get rich in the process."

"No thanks, gold please."

"If you don't want dollars, we have lead we can throw lead your way!"

"In that case, I'll take the dollars, sir."

"Good boy, here you go, by the way, you're oil is too expensive."

"But your dollars aren't worth anything... Sir."

"Look, I said your oil is too expensive, what don't you understand by that statement?"

"I'm sorry... I must have lost my mind a little... Please don't hurt me."

"All right, we're good guys, we'll help you out here, we'll lend you a bunch of dollars based on your oil assets, how does that sound?"

"Um, ah, well, OK... Sir. Please don’t hurt me!"

"You can buy a lot of stuff with dollars, we'll guarantee that."

"I believe you; I believe that you can guarantee that..."

"Good boy, you're gettin with the program here, I've got my eye on you, you're gona go far... Ever want to be absolute ruler of your country? We can help you out with that if you want..."

"Hmmm..."

I think you can fill in the blanks.
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Re: Usury and the World Banking System

Unread postby Cid_Yama » Wed 16 Jan 2008, 14:45:42

The problem is fractional banking, more than just interest.

http://video.google.com/videoplay?docid ... 1279&hl=en
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Re: Usury and the World Banking System

Unread postby mekrob » Wed 16 Jan 2008, 15:47:13

$this->bbcode_second_pass_quote('Cid_Yama', 'T')he problem is fractional banking, more than just interest.

http://video.google.com/videoplay?docid ... 1279&hl=en


That's good. Had never seen it before.

But I'm a little concerned about his views on gold and silver and why they aren't allowed, yet he wants government in control of the money supply. Wouldn't it just be better that the government issues coins of metals or backs paper with metals? Wouldn't that solve the problem of interest, inflation and the ever-growing pile of debt?
I want to put out the fires of Hell, and burn down the rewards of Paradise. They block the way to God. I do not want to worship from fear of punishment or for the promise of reward, but simply for the love of God. - Rabia
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Re: Usury and the World Banking System

Unread postby Cid_Yama » Wed 16 Jan 2008, 23:24:47

Had we not already fractionalized debt to the extent we have, maybe something could be done. Unfortunately it is WAY to late. NONE of the currency that exists is backed by anything. The ONLY reason that piece of paper in your wallet is worth anything, is because that cashier is willing to let you walk out of the store with your purchase, in exchange for it. Same with the cards. As long as 'APPROVED' is good enough for the cashier you're good. Nothing to guarantee that will continue.
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry

The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
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Re: Usury and the World Banking System

Unread postby mekrob » Thu 17 Jan 2008, 00:52:01

$this->bbcode_second_pass_quote('Cid_Yama', 'H')ad we not already fractionalized debt to the extent we have, maybe something could be done. Unfortunately it is WAY to late. NONE of the currency that exists is backed by anything. The ONLY reason that piece of paper in your wallet is worth anything, is because that cashier is willing to let you walk out of the store with your purchase, in exchange for it. Same with the cards. As long as 'APPROVED' is good enough for the cashier you're good. Nothing to guarantee that will continue.


I meant theoretically, had we stuck to a 1:1 ratio of currency to backed precious metals on hand.
I want to put out the fires of Hell, and burn down the rewards of Paradise. They block the way to God. I do not want to worship from fear of punishment or for the promise of reward, but simply for the love of God. - Rabia
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Re: Usury and the World Banking System

Unread postby psyop101 » Thu 17 Jan 2008, 01:25:42

If you have a few hours this goog video is good.
The Money Masters
I had never heard of Talley sticks until I saw this, apparently is worked as a form of currency for 700+ years?

I was checking out the new trans-Atlantic economic partnership or whatever they are going to call it and found this article...

http://www.renewamerica.us/columns/spingola/070512

$this->bbcode_second_pass_quote('Deanna Spingola', 'W')ar, financed on both sides by international bankers, desolates lives, destroys economies, depletes resources, moves massive amounts of money and promotes despair, discouragement and dependence within the population and creates more wealth and power for the corporate elite. To the elite, common humanity functions merely as cannon fodder and labor, the cheaper, the better! The purpose of war is profit. War-torn people easily fall prey to the suggestions of the elitists who have ulterior and highly profitable motives in offering security and solace.


So is The War on Terror the best kind of war ever created by the bankers, a war on a tactic that will never end?

The evolution of mass social control and war I suppose.
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Re: Usury and the World Banking System

Unread postby ConcernedConsumer » Sat 19 Jan 2008, 02:23:28

$this->bbcode_second_pass_quote('seldom_seen', 'I')f I'm not mistaken, all the major religions warn of the perils of usury, and outright discourage it or forbid it.

That doesn't really mean anything though.

Islamic countries like SA and the gulf emirates are large shareholders in the US banking system and all its glorious usurious profits.

The outlaw of usury under sharia law is a good thing I think. Sharia law though has way too much barbaric stone age baggage to ever become a viable alternative to the dominant paradigm.

The only way it is ever implemented is beating down any resistance, cutting their heads off, beating them to a pulp, raping their women, shooting their dogs and forcing them to bow to mecca and obey sharia law or else.

The only country in the world thats governed by Sharia law today is Iran I believe. There are however few states and organizations including SA, Al Qaida, or other hardline sunni organizations like Hezb Ul Tahrir or Sunni states like Somalia that also claim to be guided by the same law.
I picked Iran because it has the most independent (of direct foreign influence) govt thats in turn enjoys much higher percentages of legitimacy among its citizens compared to the rest. Women, for example. enjoy very little rights almost all over the Islamic world; including my homeland Afghanistan that has the same language, culture, history, traditions, literature etc with Iran but different governing systems. In Iran women make for a good percentage of the elite, from academia to politics and every other aspect of their society. Its a joy to listen to those wonderful women- be it the first muslim woman that received the nobel peace prize and human rights activist Shirin Ebadi or Masoumeh Ebtekari an activist who went on to become Iran's first female VP . And both under the current Iranian regime and Sharia.

Usury is considered as bad as pork or alcohol in Islam. Those who do it try hard to hide it from others if they have any desire for acceptance. I dont know exactly about Iran's banking system, but if they have any part in usury then the Ayatollahs must have come up with some very convincing reasoning otherwise it would have lost its legitimacy like the rest, both Inside and outside, and in resorting to guns or American protection for their existence. These guys are not seen as politicians among the citizenry but as scholars. Legitimacy is everything to them.
Majority in the Muslim world see Saudi Arabia as the gas station of the western economy. Its part of the economy and controlled by it. Like Europe or Japan or S Korea and other US occupied areas of the world its managed by the US or at least aligned to its interests. Hence the source of the sort of stone age actions that are bombarded through mass media and creating a rather unfavorable view of Sharia law.

Usury is harmful indeed. Hell it turned almost 80% of the world into third world and condemned it to the horrors of the third world- brutality and barbarism.

Life & Debt shows very clearly how it cripples societies.
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Re: Usury and the World Banking System

Unread postby btu2012 » Sun 20 Jan 2008, 15:12:03

$this->bbcode_second_pass_quote('Kingcoal', '"')Hi, we'd like to buy your oil."

"Ok, that will be .1 oz gold/bl please." [...]



Kingcoal, you must have done this before. That's exactly how it works. :(

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