#usury — Public Fediverse posts

#inequity #wealth #empathy #usury #capitalism

#inequity #wealth #empathy #usury #capitalism

#inequity #wealth #empathy #usury #capitalism

It’s rare that machine-generated output is a compelling read, but here it goes.

On #usury and #interest:

https://claude.ai/share/5d46b637-1983-4942-93a8-921627d9d79a

"Jewish moneylenders occupied a specific social niche in medieval Christendom for complex reasons that have nothing to do with the theological argument itself."

(1/3)

"the assets of British banks ‘mostly consist of claims on other banks. Their liabilities are mainly obligations to other financial institutions. Lending to firms and individuals engaged in the production of goods and services – which most people would imagine was the principal business of a bank – amounts to about 3 per cent of that total.’"

It's not for nothing that the medieval church -- like modern Islam -- considered #Usury a sin. It is one.

https://www.lrb.co.uk/the-paper/v46/n17/john-lanchester/for-every-winner-a-loser

Augustine of Hippo was an African bishop, writes on heresies, and quotes 1 Cor 6:10 & Eph 5:5 to insist that the covetous, extortioners won’t inherit the kingdom.

Would it be fair to say that the modern church is in open rebellion against this teaching? Even if we clarify it’s not a wooden legalism against any interest at all.

How can you repent of covetousness?
#christian #usury #augustine

The Usury Trap in Kosovo: The Devastating Consequences of Illegal Loans https://www.byteseu.com/1585721/ #jewels #Kosovo #MiftariKloppner #ShkumbinMisini #usury

Công an Quảng Trị triệt phá nhóm cho vay tín dụng đen tính lãi 240-644%/năm, thu hơn 10 tỷ đồng bất chính từ 2023 đến nay. Cảnh báo dân không tham gia, báo ngay cơ quan chức năng nếu bị đòi nợ kiểu bạo lực.
#TinNóng #tíndụngđen #lãisuất644 #QuảngTrị #pháổnhóm #cảnhbáo #côngan
#Breaking #Usury #InterestRate644 #QuangTri #CriminalGroup #Alert #Police

https://vtcnews.vn/pha-o-nhom-cho-vay-voi-lai-suat-644-nam-o-quang-tri-ar984899.html

Công an Quảng Trị triệt phá nhóm cho vay tín dụng đen tính lãi 240-644%/năm, thu hơn 10 tỷ đồng bất chính từ 2023 đến nay. Cảnh báo dân không tham gia, báo ngay cơ quan chức năng nếu bị đòi nợ kiểu bạo lực.
#TinNóng #tíndụngđen #lãisuất644 #QuảngTrị #pháổnhóm #cảnhbáo #côngan
#Breaking #Usury #InterestRate644 #QuangTri #CriminalGroup #Alert #Police

https://vtcnews.vn/pha-o-nhom-cho-vay-voi-lai-suat-644-nam-o-quang-tri-ar984899.html

@Paul_Harts @continuation

I think the fact that traditionally Jews couldn't practice usury on other Jews, nor Christians on other Christians, but each were allowed to practice on the other, leads - in a body of people composed largely of one group - to the other group being the usurers. This seems to end badly. My key take home point is that human beings are dickheads, and we need to be very, very careful when we lend capital that the borrower has a clear plan for repayment, understands the financial cost, and has a clear plan regarding how they'll create sufficient funds for repayment, and how we'll insure against failure in that regard on very clear, simply written terms that everyone is happy with.

#banking #organisedReligion #usury #lending #profit #capitalism #contract #civics #law #policing #debt

@Paul_Harts @continuation

I think the fact that traditionally Jews couldn't practice usury on other Jews, nor Christians on other Christians, but each were allowed to practice on the other, leads - in a body of people composed largely of one group - to the other group being the usurers. This seems to end badly. My key take home point is that human beings are dickheads, and we need to be very, very careful when we lend capital that the borrower has a clear plan for repayment, understands the financial cost, and has a clear plan regarding how they'll create sufficient funds for repayment, and how we'll insure against failure in that regard on very clear, simply written terms that everyone is happy with.

#banking #organisedReligion #usury #lending #profit #capitalism #contract #civics #law #policing #debt

@Paul_Harts @continuation

I think the fact that traditionally Jews couldn't practice usury on other Jews, nor Christians on other Christians, but each were allowed to practice on the other, leads - in a body of people composed largely of one group - to the other group being the usurers. This seems to end badly. My key take home point is that human beings are dickheads, and we need to be very, very careful when we lend capital that the borrower has a clear plan for repayment, understands the financial cost, and has a clear plan regarding how they'll create sufficient funds for repayment, and how we'll insure against failure in that regard on very clear, simply written terms that everyone is happy with.

#banking #organisedReligion #usury #lending #profit #capitalism #contract #civics #law #policing #debt

@Paul_Harts @continuation

I think the fact that traditionally Jews couldn't practice usury on other Jews, nor Christians on other Christians, but each were allowed to practice on the other, leads - in a body of people composed largely of one group - to the other group being the usurers. This seems to end badly. My key take home point is that human beings are dickheads, and we need to be very, very careful when we lend capital that the borrower has a clear plan for repayment, understands the financial cost, and has a clear plan regarding how they'll create sufficient funds for repayment, and how we'll insure against failure in that regard on very clear, simply written terms that everyone is happy with.

#banking #organisedReligion #usury #lending #profit #capitalism #contract #civics #law #policing #debt

@Paul_Harts @continuation

I think the fact that traditionally Jews couldn't practice usury on other Jews, nor Christians on other Christians, but each were allowed to practice on the other, leads - in a body of people composed largely of one group - to the other group being the usurers. This seems to end badly. My key take home point is that human beings are dickheads, and we need to be very, very careful when we lend capital that the borrower has a clear plan for repayment, understands the financial cost, and has a clear plan regarding how they'll create sufficient funds for repayment, and how we'll insure against failure in that regard on very clear, simply written terms that everyone is happy with.

#banking #organisedReligion #usury #lending #profit #capitalism #contract #civics #law #policing #debt

You can be against #antisemitism AND #zionism at the same time.

But as with being aware with what is happening in #Gaza, you need to be aware of why the #nazi talking point "Jews run the world economy" has a tiny slither of truth to it.

As always we have to look back at #history - and #economy, in and around #Europe to understand why that is. #Usury is key here, which is also the foundation of #capitalism.

Why are #JEWS #RICHER and MORE POWERFUL? | #visualeconomiken

https://youtube.com/watch?v=S3BFtM4ozvw

You can be against #antisemitism AND #zionism at the same time.

But as with being aware with what is happening in #Gaza, you need to be aware of why the #nazi talking point "Jews run the world economy" has a tiny slither of truth to it.

As always we have to look back at #history - and #economy, in and around #Europe to understand why that is. #Usury is key here, which is also the foundation of #capitalism.

Why are #JEWS #RICHER and MORE POWERFUL? | #visualeconomiken

https://youtube.com/watch?v=S3BFtM4ozvw

You can be against #antisemitism AND #zionism at the same time.

But as with being aware with what is happening in #Gaza, you need to be aware of why the #nazi talking point "Jews run the world economy" has a tiny slither of truth to it.

As always we have to look back at #history - and #economy, in and around #Europe to understand why that is. #Usury is key here, which is also the foundation of #capitalism.

Why are #JEWS #RICHER and MORE POWERFUL? | #visualeconomiken

https://youtube.com/watch?v=S3BFtM4ozvw

You can be against #antisemitism AND #zionism at the same time.

But as with being aware with what is happening in #Gaza, you need to be aware of why the #nazi talking point "Jews run the world economy" has a tiny slither of truth to it.

As always we have to look back at #history - and #economy, in and around #Europe to understand why that is. #Usury is key here, which is also the foundation of #capitalism.

Why are #JEWS #RICHER and MORE POWERFUL? | #visualeconomiken

https://youtube.com/watch?v=S3BFtM4ozvw

You can be against #antisemitism AND #zionism at the same time.

But as with being aware with what is happening in #Gaza, you need to be aware of why the #nazi talking point "Jews run the world economy" has a tiny slither of truth to it.

As always we have to look back at #history - and #economy, in and around #Europe to understand why that is. #Usury is key here, which is also the foundation of #capitalism.

Why are #JEWS #RICHER and MORE POWERFUL? | #visualeconomiken

https://youtube.com/watch?v=S3BFtM4ozvw

new director of the Consumer Financial Protection Bureau (#CFPB) making an official public statement in favor of #SoLoFunds, a peer to peer payday lender that operated w/out a license and connected desperately poor people to loans charging 2,000% interest.

https://x.com/russvought/status/1893732780527276236

#RussVought #CFPB #OMB #MAGA #DOGE #uspol #paydaylenders #PaydayLending #usury #fintech

there's some looming enactment dates for #CFPB rules against usurious payday lending that the administration can't undo at this point which prolly explains why #DOGE is in such a rush to just demolish the agency. @LawandChaosPod gets into it ca. 51:00

https://www.youtube.com/watch?v=EkHXi0MJc_o

#ElonMusk #paydaylending #usury #paydaylender #TRUMP #MAGA #uspol #uspolitics

Old Navy store credit card, are you f’ing serious?

“In light of changing market conditions, we have determined that the Annual Percentage Rate (APR) associated with your credit card account does not reflect the cost of providing credit”

Rate change! 29.99% —> 34.99% (Prime Rate + 26.49%)

Umm… usury much? Duck that…

#creditCards #usury #barclays #interestRates

I've never been a fan of "digital" subscription models, so I don't have one - except for a temporary one: Zwift.

Now they have the impudence, yes, there's no other way to describe it, to raise the monthly fee by 33%(!) with only one month's in advance and no added value. they make it very easy for me to quit immediately and I can only hope that many other customers will do the same.

#Zwift #termination #subscription #usury

Oh the joys of “store brand” credit cards. One of the wife’s cards will baseline at 35% interest in June.

40% “penalty” rate

F’ing #usury rates

Only use it for rewards, paid off monthly, but still ludicrous.

#creditCards

@Free_Press

#LoanShark
#Legal #Usury
#EatTheRich #Oligarchy

75 years ago, the Missouri Supreme Court fined and closed a payday lender for violating the state’s usury laws. It was charging interest rates of 200% or more a year, the court said. In Missouri today, payday lenders are charging on average 365% a year, according to the most recent state data: https://bit.ly/3ThZVIA #missouri #usury

@QasimRashid

I keep waiting for those literalists to get incensed about #Usury & declare the long overdue #Jubilee

:sun_face: :blep:

Wow.
"The FCAC's 2020-21 COVID-19 #Financial Well-being Survey showed that approximately 2 per cent of #Canadians used an online non-bank lender or #PaydayLoan company in the previous 12 months."

Payday loans are crazy #expensive, often close to 60% p.a. (sixty!) if you include the fees. Charging above 60% is #criminal #usury in #Canada. However, loans of up to $1500 are exempt, so the typical payday loan #lender could charge even more.
#poverty #money #ripoff #poor

Wow.
"The FCAC's 2020-21 COVID-19 #Financial Well-being Survey showed that approximately 2 per cent of #Canadians used an online non-bank lender or #PaydayLoan company in the previous 12 months."

Payday loans are crazy #expensive, often close to 60% p.a. (sixty!) if you include the fees. Charging above 60% is #criminal #usury in #Canada. However, loans of up to $1500 are exempt, so the typical payday loan #lender could charge even more.
#poverty #money #ripoff #poor

Wow.
"The FCAC's 2020-21 COVID-19 #Financial Well-being Survey showed that approximately 2 per cent of #Canadians used an online non-bank lender or #PaydayLoan company in the previous 12 months."

Payday loans are crazy #expensive, often close to 60% p.a. (sixty!) if you include the fees. Charging above 60% is #criminal #usury in #Canada. However, loans of up to $1500 are exempt, so the typical payday loan #lender could charge even more.
#poverty #money #ripoff #poor

Wow.
"The FCAC's 2020-21 COVID-19 #Financial Well-being Survey showed that approximately 2 per cent of #Canadians used an online non-bank lender or #PaydayLoan company in the previous 12 months."

Payday loans are crazy #expensive, often close to 60% p.a. (sixty!) if you include the fees. Charging above 60% is #criminal #usury in #Canada. However, loans of up to $1500 are exempt, so the typical payday loan #lender could charge even more.
#poverty #money #ripoff #poor

Wow.
"The FCAC's 2020-21 COVID-19 #Financial Well-being Survey showed that approximately 2 per cent of #Canadians used an online non-bank lender or #PaydayLoan company in the previous 12 months."

Payday loans are crazy #expensive, often close to 60% p.a. (sixty!) if you include the fees. Charging above 60% is #criminal #usury in #Canada. However, loans of up to $1500 are exempt, so the typical payday loan #lender could charge even more.
#poverty #money #ripoff #poor

Do people who use to #fiatCurrencies, like #USD or #AUD know they've been trolled every single day of their life?

#debtSlavery #modernSlavery #centralBanks #theFed #usury #freedomSoftware #whatIsBitcoin

I'm in the wrong business #highrentdistrict #usury #nyc #costofliving #rentistoodamnhigh

I'm in the wrong business #highrentdistrict #usury #nyc #costofliving #rentistoodamnhigh

I'm in the wrong business #highrentdistrict #usury #nyc #costofliving #rentistoodamnhigh

I'm in the wrong business #highrentdistrict #usury #nyc #costofliving #rentistoodamnhigh

I'm in the wrong business #highrentdistrict #usury #nyc #costofliving #rentistoodamnhigh

Oh hi!
You want to know why Amazon sellers hate Jeff Bezos's guts? Sure, let's talk about that.

I keep forgetting to raise my prices on the free promo CDs I get, and once in a while I lose money (pic of last night's "sale").

The Italians made him stop it. They should do it here in the us. He's a usurious, union-busting, psychotic pig.

#JeffBezos
#AmazonSeller
#Usury
#Amazon

Oh hi!
You want to know why Amazon sellers hate Jeff Bezos's guts? Sure, let's talk about that.

I keep forgetting to raise my prices on the free promo CDs I get, and once in a while I lose money (pic of last night's "sale").

The Italians made him stop it. They should do it here in the us. He's a usurious, union-busting, psychotic pig.

#JeffBezos
#AmazonSeller
#Usury
#Amazon

Oh hi!
You want to know why Amazon sellers hate Jeff Bezos's guts? Sure, let's talk about that.

I keep forgetting to raise my prices on the free promo CDs I get, and once in a while I lose money (pic of last night's "sale").

The Italians made him stop it. They should do it here in the us. He's a usurious, union-busting, psychotic pig.

#JeffBezos
#AmazonSeller
#Usury
#Amazon

Oh hi!
You want to know why Amazon sellers hate Jeff Bezos's guts? Sure, let's talk about that.

I keep forgetting to raise my prices on the free promo CDs I get, and once in a while I lose money (pic of last night's "sale").

The Italians made him stop it. They should do it here in the us. He's a usurious, union-busting, psychotic pig.

#JeffBezos
#AmazonSeller
#Usury
#Amazon

Oh hi!
You want to know why Amazon sellers hate Jeff Bezos's guts? Sure, let's talk about that.

I keep forgetting to raise my prices on the free promo CDs I get, and once in a while I lose money (pic of last night's "sale").

The Italians made him stop it. They should do it here in the us. He's a usurious, union-busting, psychotic pig.

#JeffBezos
#AmazonSeller
#Usury
#Amazon

@haikubot

I can't actually read the article because of the NYT paywall, but based on the title and poetic summary, I'm guessing anyone interested in this might also find this 2009 essay of mine to offer useful perspective:

http://netsettlement.blogspot.com/2009/01/credit-cards-a-tax-on-being-poor.html

TL;DR - As private governments, credit card companies offer a safety net to their citizens not offered to many citizens of the United States. The tax that supports this is the high interest rate, but alas it's not deductible, so it's double-taxation on those who can least afford it.

#CreditCards #Taxation #Society #Policy #PublicPolicy #Usury #SafetyNet #Welfare #Inequality #Poverty

Wondering if a virus that attacks #propertyDevelopers and #gentrifiers and other #imperial and #colonialist forces would be good too.

What do these ppl have in common?

Is there a Propensity for #Hedonist Consumption and #Usury and Psychopathy combination of #genes that we can target them with?

#geneTherapy