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Forum Post: Bishop sites Usury as underlying cause of financial debacle

Posted 12 years ago on Oct. 21, 2011, 4:35 p.m. EST by brecknock (23) from Regina, SK
This content is user submitted and not an official statement

The Anglican Bishop of Qu'Appelle spoke to OWS Regina last night postulating that the financial mechanisms of derivatives, collateral debt obligations and credit default swaps are new instruments of usury.

If persons derive financial benefit without adding value to the business process at the cost to others then the process is usury. We are searching for Papal bulls or theological teachings to help frame the underlying problem which has caused so much pain.

Please ask your Pastors, Ministers and Priests to issue statements relative to this sin and the current instruments being utilized to help frame the issue properly.



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[-] 1 points by Someone (23) 12 years ago

There was a time that charging interest was considered usury, therefore it was illegal. You gotta inform yourself about this: interest is BAD, it creates fake money and siphons money from everywhere. COMPOUND interest is unstoppable, you can never escape it.

[-] 0 points by TIOUAISE (2526) 12 years ago

Christianity BETRAYED the poor, just as it betrayed Jesus. In the beginning, the "people of the Way" closely followed Jesus' teachings and took care of the poor. They were true CHRISTICS (christlike, Christ-inspired) and in those days, usury (i.e. lending with interest) was considered one of the GRAVEST sins, as it made the rich richer and the poor poorer.

But once the so-called "Christians" took over the "Jesus Movement", created a powerful institution and began to kowtow to the rich and the powerful and dress like them and live in palaces, suddenly usury was no longer a sin... in fact, the Church hierarchy became so corrupt that it itself practised usury. (try googling "sin usury").

Many, many scandals arose within the infamous "Vatican Bank" (try googling "Vatican bank scandal")