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Forum Post: End Usury?

Posted 8 years ago on July 17, 2015, 11:28 p.m. EST by DKAtoday (33802) from Coon Rapids, MN
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What would happen to the average person or even country - if - financial transactions . . . . ummmmmmm . . . . loans . . were charged to the borrower on a flat one time fee of 10% of the amount loaned?

Home loans - Car loans - Student loans - Credit cards . . . .

Would the world survive such a thing?

Could the average individual afford to repay such an agreement?

Hhmmmmmmmmmmmmmmm

Think Greece might appreciate such an offer? Would they need to impose austerity on the population to meet the terms?

Banks have gotten WAY out of Hand - time for RADICAL CHANGE - don't you think?

2 Comments

2 Comments


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[-] 0 points by turbocharger (1756) 8 years ago

Yes.

That would require not backing the groups that back the banks though.

This is where you and most of the activist community clash heads.

[-] 1 points by lugano (1221) 8 years ago

Consider : ''The Secret Bank Bailouts'' .... https://www.youtube.com/watch?t=15&v=xu5sTyAXyAo

Maybe the best doc. about what happened to Greece but made in 2013 barely mentioning Greece!