What would be the economic consequences of abolishing usury and forgiving all housing/student loan (two biggest...

What would be the economic consequences of abolishing usury and forgiving all housing/student loan (two biggest bubbles) debt in the United States? What if we just went like Hitler on versailles and said fuck you to the kikes?

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>What would be the economic consequences of abolishing usury and forgiving all housing/student loan
Not fuck, which is why we should do it.

How would wealth be created if there were no loans?

You just described bitcoin.

I don’t understand how the fuck usury is allowed it is anti Christian and extremely immoral.

We should forgive the loans you mentioned too, fuck the system seriously.

She looks really cute but I can only imagine how many boys have jizzed all over her by now.

Interest free loans backed by labor or something with value (gold possibly, or maybe even crypto). Similar to the Nazi system. Admittedly I'm no econ major so someone probably has a better idea.

is that fucking clairo

None of this has anything to do with bitcoin you mental midget.

>average college kid is flaming liberal
>want to forgive their loans
Why? They should have thought about that first

that would encourage the next generation to take more 'toxic whiteness' classes because they would be free. Liberals Arts classes should come at a price. They deserve crushing debt and Starbucks jobs.

>What would be the economic consequences of abolishing usury and forgiving all housing/student loan (two biggest bubbles) debt in the United States?

The economy would crash. Like it or not, people buying things that that they can't yet afford, but will be able to afford with payment plans, is what powers our economic growth. Our economy is based on debt.

You would fuck over every single investor in financials (basically anyone with an index fund), every member of credit unions, and make the US poison to investors all over the world just to say fuck you to the kikes?

You are brain damaged.

You can create value through labor, but actual money is created by interest on loans.

A two trillion dollar net loss for the debt holders. I don't know how is the debt distribution but it isn't certainly a good thing.

Abolish the global banking cabal? The hell you say?

Just let me know before you do this so I can get a mortgage beforehand.

No more loans granted for decades, collapse in home values, government income from property taxes, all government programs. Collapse of the education system as it can no longer afford to pay anyone working in it. Total economic collapse and no education system to train new workers.

Nope it would readjust to real wealth value.

You haven't been watching enough porn have you?

biggest problem is that a lot of real estate is owned by foreign investors, forgiving their debt is a massive payday for them, sucking value out of our economy never to return

remember the LA riots? it'd be like that, except everywhere, with everyone.

working, building, buying means of production with your own two hands

I don't really watch it anymore. Me watching or not watching porn won't stop other people from doing what they do.
She also behaves like a nigger with her raps apparently.

No, it would not. The education market collapsing first will have no initial affect on other markets. Every teacher will go to work in any other field because what high schoolers going into college can afford to pay them isn't even minimum wage. In addition to that the only people who will be able to afford houses will be investors, so they will buy all the houses and rent them to the middle class, resulting in rents skyrocketing because no one can get a loan to actually buy a house. Only investors can afford them. Cash buyers only. Which also means a lot of foreign buyers, because they have the advantage of actually getting loans from their home countries.

Face a world war

War would be declared and the worlds nations would band together and work towards the common goal of beating the US back into submission and economic collapse..

Value can be created through work, but what about money? The only way money can be created is through banks making good loans.

is that clairo

Then it should crash, because that is not a good system.

> You just described bitcoin
More like just described shitskin finance. Sharia loans

Abolishing interest rates would send the global economy & standard of living back to the middle ages.

A world war would be the least of your concerns when 90%+ of American parents can't feed their children.

>What would be the economic consequences of abolishing usury and forgiving all housing/student loan (two biggest bubbles) debt in the United States?
>forgiving all loans
First off, usury is the act of lending money to get it back with interest. I agree that usury should be banned, as in no charging interest on loans, but all loans must be repaid. What you're suggesting is leftist bullshit of getting shit for free. Either you pay what you owe with money, or you pay with your body (whatever form it may be). Maybe indentured servitude for 10 years. You have student loans through gov't and can't repay with money? Go dig ditches for 10 years for the gov't. You have housing loan? Go work it off as a laborer.

>making things cost more
>growing the economy
If you mean the money supply

Why does wealth need to be created?

I paid off all my debts, why the fuck should people that make poor decisions be given a free pass that'll ultimately come at my expense?

It's not about "should", it's about "will".

You need to break a few eggs to make an omelette. Fuck the predatory globalist capitalists and fuck debt slavery .

That sounds fine by me.

Not how it works. Cars, houses, electronics, and the biggest revenue producing goods wouldn't be purchasable for 80% of the population. This would cause a death spiral of homelessness, unemployment, companies and stores shutting down. People need to spend to keep the economy growing.

>What would be the economic consequences of abolishing usury and forgiving all housing/student loan debt

Our creditor (the federal reserve) would tell us they won't lend us money any more.

the money is created using the UCC, its all fake, only debts
in this system there is no way to pay it off
cause there is no real money
Babylonian debt magic!

So we seize their assets and lend to ourselves.

Bitcoins

CONCERN TROLL THREAD

EJECT EJECT EJECT

Slide Jews are getting better. Nuke them anyway.

>abolish debt
You'd help some people and harm others. Specifically, you'd help everyone who took out huge loans, and hurt everyone who issued those loans. Ignoring the expectation effects (i.e. "it happened once, it'll happen again!"), all your really looking at is a massive redistribution of capital.

Banning 'usury', as you call it, would have the affect of freezing capital markets and making it basically impossible for ordinary people to afford to buy a house/finance an education. In the long run, the price of both these goods will go down, and people will rely more on saving up to meet these goals, so it isn't all bad, but you're talking about some major shock therapy here.

The people who issued those loans are kike bankers. We want to hurt them.

Auto loans are a bigger bubble than housing and yet nobody is talking about it.

Take away usury and lending virtually stops. Nobody is going to lend large sums of money if there's nothing in it for the lender.

Kike bankers, and Anglo-Saxon bankers, and small-town local bankers, and everyone who money in those banks, and everyone who owns stocks or bonds or a pension, and everyone who has insurance, and everyone who works for a company that does any of these things, and...

Basically, everyone. If your whole rationale for nuking the economy is "Jews make money off it!" you need to reexamine your priorities.

Going into debt is a repercussion for bad decisions. If a student gets a degree and then can't even earn enough money to pay off the debt then they got a degree in bullshit. Without debt there would be no consequence for stupid investments

once upon a time (before 1971) wealth used to be created primarily through a system of work, as opposed to our current system where wealth is created by a system of exponential debt.
Our founding fathers warned against a system such as this as it had been done before in England and elsewhere.
Wealth should be created by work, this is the only ethical way to drive wealth. when wealth is driven by debt, then those who are the debtees are forever given complete financial freedom and us who are the debtors must constantly work for their sake.

>what would be the economic consequences
Having to build a huge military force when the Jews start a total war against you

>(((money)))
Back the money with something of value

If you make wealth based off of manipulating it, you haven't contributed anything, and maybe you don't deserve it.

C O M M O D I T Y M O N E Y
our current monetary system is not money, it is technically currency. it has no inherent value as it is not backed by anything physcial

...

i think that you spoiled rotten brats should be forced to pay these loans back even if we have to chain you to press that stamps license plates and keep you there until your loan is paid at three dollars an hour.
pay your fucking debts you lowlifes.

I don't object in principle to abolishing usury and even establishing a zakat as the principle is sound and the math supposedly works, but I'm concerned with how the issue of mortgages would be addressed with respect to the time value of money. Fundamentally, the 88 Precepts called it: when the central bank is owed more money than exists in circulation, that's a game of musical chairs for everyone not named Rothschild.

>when the central bank is owed more money than exists in circulation
this is our entire monetary system in a nutshell. ever since we did away with the gold standard and switched entirely to fiat this is how our monetary system works.
the federal reserve prints it, loans it to banks, and charges interest.
all of the politicians talk of 'managing the national debt' is impossible.
if every person, state and the federal government were to stop spending entirely and pay off all the debt owed, we would be able to exactly pay off the entire principle owed on all the debt; but not the interest.
to pay off the interest would require another loan... with more interest

>gay sex on the left

>massive inflation
>reduction of purchasing power nationwide
>destabilization of currency
>stagnation in domestic investment and foreign direct investment
>extreme reduction in nation's borrowing power internationally
>economy crippled since our GDP relies so much on consumption/imports and very little on exports
>the abolition of trust in American markets and contract law
>(see: shays' rebellion)

Basically, ruining the fucking country you dumb fucking socialist faggot

fuckin lmao

never gonna happen jew

yes

As in save up 200,000 cash to buy a house, and not get paid at your job until something is sold. No credit lines.

Not if it was done out of discretionary funds. Have the state purchase the assets (where they don’t already own them) and everyone’s happy. I mean other than the voters that would rather that money go to more handouts to the rich and the poor.

>thread theme
youtube.com/watch?v=mngtcfcaVrI

The problem with this type of thinking is that you are looking at this problem incorrectly. You're leaving the bankers that have been getting everything for free, for centuries, out of the equation. I propose abolishment of usury and the creation of an "Amnesty Month." A month where all loans are free (up to a certain amount) as long as you can prove that you are investing it wisely. (Buying a home, a vehicle, paying for college, and starting businesses.) Kind of like what Qaddafi was going for in Libya before he got knocked off by the same corrupt institutions he sought to destroy.
The people at the very highest levels of this scheme have been getting billions, possibly trillions of dollars for free, on endless tap, for longer than the people in this world have been alive. (The "business" seems to change hands each generation, but the names always stay the same)

One final note: When the market manipulators have been brought to heel the world's economy will fucking spiral. You'll need something brand new in order to prevent total collapse. Nothing could be better for that than allowing Americans to invest in a better America through Amnesty Month. (We could also use this month as a time of remembrance, so that these horrid machinations don't once again take hold in the future.)
Just some thoughts, user.

>interest free loans
Why would anybody have an incentive to loan money then?

>You're leaving the bankers that have been getting everything for free, for centuries.
look, I know you've seen lots of cartoons with fat moneybag characters, but don't you think that maybe, MAYBE, banking is a legitimate business?

right now all the current banks do is write IOU's for nothing burgers

most usury nowadays is harmless. They provide a service in exchange for a fee

it's not like in biblical times when moneylenders were thugs. Even predatory moneylenders, like pawn shops, aren't that bad. They are scumbags, but they don't break your thumbs if you don't pay them back

Lying Jew. Look into front loaded interest. It doesn't matter how much you put in, you will go for years before you even START paying off the principal

so then don't borrow money with that as the agreement

>most usury nowadays is harmless
>implying usury is harmless
theres a reason its called usury

I was just using the word usury the same way op did (incorrectly, it seems)

Stupid and unnecessary. However, banks are overdue for a bath and massively destructive policies like student loans will not change until someone of Hebraic ancestry gets financially hurt. There should be pain, but not the illiterate and retarded idea OP put forward in his helpess and childish way.

Tell Hillary's (((friends))) it's a reset button. They'll understand.

>most usury nowadays is harmless
No. That was my point. Most securities/insurance/loans are bullshit. If you saw the background crap that goes on in the economy you would realize that it is far from harmless.

>abolishing usury

You're so focused high interest rates that you don't realize they figured out how to steal with low interest rates dumbass.

ummm take the fucking land from them? problem solved. they paid you some amount of money for nothing as you now have land they owned. did i mention i am ready to defend america against the whole world?

Just don’t pay debt back. They can’t do anything to you.

>fuck over the boomers for my own benefit
you are doing a horrible job of convincing me that this is bad.

>forgiving all housing/student loan
i don't have either of those, why should i have to pay for your shit? i want free stuff too.

nah

if you think the rates are too high then don't borrow money

People are stupid, they are doing it anyways. It should not be an option.

>It should not be an option
so you are against freedom? typical leaf

>american education

...

>murderers and pedophiles deserve freedom.
>bait and switch tactics are fine.
>nothing wrong with stealing from another citizen
>you didn't read the fine print? good luck paying double the original price in interest
>consumers don't need to know if a drug is dangerous
>why would anyone care if you break contracts?

there are 10 teddy bears on the shelf each priced at 1 dollar. 3 people buy a teddy bear. 3 dollars generated. that night workers create 3 more bears to fill the 3 spots and get paid some amount of money equal to their production and of course allowing for a profit for the owner, lets call it 50 cents. so 1 dollar and 50 cents generated. those 3 bears go on the shelf the next morning equaling a value of 10 dollars on the shelf just like yesterday morning. but there was 4.50 generated in the mean time...

wouldnt you create 4.50 of money in this system?and thats how money would be created? or because the money already exists before it changed hands it wasnt created? you could print it? what about..

0 bears on a shelf. the owner makes 10 bears worth 1 dollar each. the government prints 10 dollars worth of money and put it into circulation. if the money is spent on the bears great, the owner will make more and the government will print more mney. if the moey isnt spent on the bears its spent somewhere else allowing that business to make more of 'whatever' each day to fill the demand of the money supply that was injected by the bear dude who no ones wants his bear.

am i retarded?

The obvious consequence of this imaginary change is that whatever assets you hold right now is all you have.

Realistically though we would create a different form of interest which has been done in the past.

Muslims outlaw usury. Their loophole to get around it is that the a bank purchases on behalf of the debtor and “sells” it to them simultaneously. Thereby creating the image that banks are buying low/selling high rather than charging interest.

Templars in the middle ages gained their wealth through banking through indirect interest payments. Anyone needing to finance a trip to jerusalem (((trusted))) the templars to watch over their current land and the templars would work it until they made enough money to earn back what they were owed along with a bit extra.

Removing usury does jack shit. A world where you sell high/buy low loans will exist. In a world where people need a short term boost for long term gains...somebody will invent an interest bearing loan. You cannot outlaw loans because nobody is going to put their wealth at risk for no gain.

A world without usury does not exist.

only one, maybe two, things you wrote is on topic

just read the fine print before you sign, goy

NOTHING.

There would be ZERO real impact to the working class Americans

Except.... Kikes would get revenge.

The BANKS will crumble & they will steal everyones savings
So Kikes will implode the stock market destroying pensions
And do their best to fuck wil markets like Oil etc, making Gas unaffordable
They wont create any more money out of thin air, this will mean new money isnt available to stimulate growth.

So there would be an impact, but its artificial, imposed by (((banksters))) & (((wallstreet)))

well said.

well the media jew is going to say america is in the middle of a civil war and the government is being over thrown. they will have fake footage and new people who will be called our representatives and they will go over trumps head and have people put in place in the UN

and every one will say it must be true it was on TV.

All are examples where freedom should be limited for the good of other citizens. But you Jews don't care about that do you, you are parasites and perfectly fine with fucking over every person in their way in order to gain a little extra profit.

only in a fiat currency system does money come from nowhere except banks, or more specifically a central issuing authority.
in commodity money, wealth is created by the work done to create/mine/obtain a commodity and money is simply an IOU created which can be redeemed for its value of said commodity
In cryptos, money and wealth are both created by the work performed verifying transactions

>All are examples of blah blah blah
c'mon

Liberals talking about how great hitler was. This fucking world.