How Usury Killed the Economy

[ilaughatrightwingers]

"This edition of Video Newspaper explains how government policy of permitting pervasive usury has destroyed the US economy. The usury discussed relates to credit cards and home loan mortgages, but expands the concept of usury into the excessive profitability caused by governmental non-enforcement of the nations antitrust, securities and anti-gambling laws.

With such many profitable industries based on usury, the nations and worlds investment capital left manufacturing and went into these usurious industries (banks, investment banking, consumer financing, home loans, credit cards, and companies with excessive profitability caused by violations of the nations antitrust, securities and anti-gambling laws), causing destruction of American manufacturing, jobs, opportunity, retirement savings and the US economy.

500 banks could fail between 2010 and 2011 as Commercial Real Estate loans begin to default. Commercial Real Estate values have fallen 40%, but many of their loans must be refianced in the next 3 years as their loans reach maturity. FDIC has less than 10 billion dollars to cover what could be a Trillion dollar Banking loan default." (snip) ...

Listen to the video clips at this website:

http://www.financevibes.com/2011/01/01/usury-killed-economy-cepersvid-25

From: http://usuryfree.blogspot.com/2011/01/usury-killed-economy.html

[snot]

1. K&R'd

[notesdev]

2. usury is the wrong term

the right term is "extraction of economic rents"

It goes far, far beyond mere usury. If you consider how much of your income is actually directed by you, after you take into account: taxes, mandated fees (e.g. auto insurance, licensing), debt service, and the portion of prices inflated by illegal-yet-unprosecuted market manipulations, I'd wager the average person really gets to spend tops four dollars in ten, and after essentials necessary for survival (food, clothing, shelter & work-related expenses) are taken care of, less than one dollar in ten.

Everything else is embezzled, stolen, or cheated away from you.

An economy can't function under such conditions; as we see everything is breaking down in the attempt.