For years I have collected information on technology, finance, politics & sometimes an overlap of these subjects. Unfortunately, hard drives sometimes crash & data gets lost. That’s why the primary purpose of this blog is to backup this information to a categorized archive of the information I find most important & relevant. Thereby making it harder to lose & easier to locate specific material. I hope that not only will it be a place for me to utilize, but for others also. Directly below is one of my first posts, which I am keeping at the top, as it is a very important thing to know & remember.
Definition of Usury at Dictionary.com: ,
Note from the current definition, that saying interest-owed lending is usury is supposedly obsolete. That is because we have been doing it so long, that we are to believe there is no other way. But there is another way. It is the same way that central banks treat each other now, which is loaning to each other at 0% interest. In the past societies rightfully believed in interest-free lending for good of country and community. I would even go so far as to say that part of the demonizing of Islam today is from the international banking cartel, as many Muslims do not believe in a usury system and still lend without interest. Here is an excerpt from Wikipedia.com:
“Historically, some cultures (e.g., Christianity in much of Medieval Europe, and Islam in many parts of the world today) have regarded charging any interest for loans as sinful.
Some of the earliest known condemnations of usury come from the Vedic texts of India. Similar condemnations are found in religious texts from Buddhism, Judaism, Christianity, and Islam (the term is riba in Arabic and ribbit in Hebrew). At times, many nations from ancient China to ancient Greece to ancient Rome have outlawed loans with any interest. Though the Roman Empire eventually allowed loans with carefully restricted interest rates, the Christian church in medieval Europe banned the charging of interest at any rate (as well as charging a fee for the use of money, such as at a bureau de change).”