[e-gold-list] Re: Debt and interest (was Re: The impressive progress of the Caliphate)

2003-10-09 Thread Robert B.Z.
Hello Jens, I would advocate the oblishing of interest as a law, but fear that gov would never do anything like that because they line their pockets from the interest and inflation spiral. Hence, offering an alternative to the market is the way to go. As banks loose business to the alternative

[e-gold-list] Re: Debt and interest (was Re: The impressive progress of the Caliphate)

2003-10-09 Thread Danny Van den Berghe
Hi Robert, Okay so we are down to borrowing out of need rather than want. The theory goes that rather than borrowing or selling his watch, the farmer goes to the bank and offers a share in his business. The bank here doesn't lend but functions management for venture capital deposits. If the

[e-gold-list] Re: Debt and interest (was Re: The impressive progress of the Caliphate)

2003-10-08 Thread Robert B.Z.
Hello Danny, Okay so we are down to borrowing out of need rather than want. The theory goes that rather than borrowing or selling his watch, the farmer goes to the bank and offers a share in his business. The bank here doesn't lend but functions management for venture capital deposits. If the

[e-gold-list] Re: Debt and interest (was Re: The impressive progress of the Caliphate)

2003-10-08 Thread Wilkinson Jens
--- "Robert B.Z." [EMAIL PROTECTED] wrote: The concept behind abolishing interest is to actually share risk equally. Dear Robert, I'm just wondering, are you advocating a legal abolition of interest, say by governmental policy, or are you merely advocating the