--- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> , Robert <[EMAIL PROTECTED]> wrote: > > In the old days, the old Jewish Law... > Was that you were not to charge interest on money lent. > So, perhaps the grand days of interest on interest is gone, forever... > People have wised up, on this Interest thing. > Interest on interest started with during the 'Reagan Years', and MBA mentality.... > Learning skilled ways of charging interest on interest... > Interest...but whose interest, my house, your house, their houses. > Why can't we lend money for no interest...how would that work. > This is what we have done with the Banks, we loan them money at no interest. > This is what we do with the Saudi's, we give them money with no interest. > This is what we do with the military, we give them money with no interest. > ~It's All About Interest, Stupid! > R.G.>>
You also were not supposed to lend out 120 times what you own. Most of the banks would take $1 that they owned, lend it out 120 times to 120 people. If the interest charged in one year was only 5%, then the profit would be $6 on the dollar, per year, if everyone paid. So you could make $5 a year for every dollar you owned. So if you have $1 million you could make at $5 million a year on 5% interest only. And all you have to is sit on your ass and pay fairly low wages to maybe 1 or 2 people for every $1 million loaned. For you to lose, you would have to have 75% of the people default on the loan before you are not making money. Jeezus !....that can't be right...must have screwed up the math !...or maybe we should start a bank ! OffWorld
