#usurers — Public Fediverse posts

Back when banks and the US government colluded to deny mortgages to Black households, sleazy lenders created the "contract loan," which worked like a mortgage, but if you were late on a single payment, the lender could seize and sell your home and not pay you a dime - even if the house was 99% paid for:

https://socialequity.duke.edu/wp-content/uploads/2019/10/Plunder-of-Black-Wealth-in-Chicago.pdf

#Usurers and con-artists love to style themselves as anti-racists, seeking to "close the racial wealth gap."

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Digital feudalism hasn't stopped innovating - it's just stopped innovating *good* things. The digital device is an endless source of sadistic novelties, like the cellphones that disable your most-used app the first day you're late on a payment, then work their way down the other apps you rely on for every day you're late:

https://restofworld.org/2021/loans-that-hijack-your-phone-are-coming-to-india/

#Usurers have always relied on this kind of imaginative intimidation.

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