So,Sup Forums how would interest-free banking work?

so,Sup Forums how would interest-free banking work?

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>#oneless
Good job fellow Kekistani spartan!

Why don’t you ask John Law

>interest-free banking
1) There would be no good reasons for people to use banks because they won't get profit
2) Banks would have 0 desire to work for free, because they live off interest.

They'll just need to charge for their services like everyone else

there's no such thing because there will always be credit risk, inflation, investment, and intertemporal consumption

It wouldn’t.

interest-free banking won't work capitalism requires Capital without incentive to lend the bank won't lend without the bank lending no one can start a business or buy a property or do anything else that requires money

>the friendly merchants wouldnt rather start a global nuclear war than part with interest

their major service is taking a bunch of short term loans and transforming them into larger, long-term loans

Mandatory mention of Bitcoin.

They'd just charge a fee instead. A fee based on the size of the loan. A weekly or monthly fee based on the size of the loan calculated weekly or monthly.

Ban Assault Kitties!
says the most reddit person in the post

ban assault kots

Poorly
Only other option is fiat financed lending.
Giving people stock in companies is interest by other name, they will just sell it etc.
Interest is stronger than non interest. Look to history how the Protestants whipped the shit out of the Catholics more and more over time.
Interest> Capital>Industry>Productivity
You simply can't compete without it.
If you let anyone default from their loans and didn't have fiat money. Only lenders who identifies productive enterprises and helped them be more productive than the interest would be able to survive.
This is a positive thing for a culture, people save money and are encourage to invest in the future.
When you take advantage of poor people trying to pray, you get whipped out of the temple. This doesn't make interest bad.

so interest..

It doesn't. That's why even the few anti-Jew countries left on earth that have anti-interest laws have a trillion workarounds to make sure that interest is paid on borrowed money.

Your non-parseable english aside, the banks should not be making usury loans. They should be investing in the house, business, or property to be bought. In business it will take certain profits and fuck off. With property a lordship is established and the buyer pays % income until payoff. For the bank, the asset is theirs until they relinquish it anyway and it is right that they value it themselves. Do you think these things only can happen on Shark Tank or Flip Floppers? There are plenty of branch banks around to make these kind of decisions on a personal basis.
There is risk but that is what makes the business competitive. The most profitable will be the one that understands risk

>Banks would have 0 desire to work for free, because they live off interest.
>there's no such thing
>interest-free banking won't work
>It doesn't.

Literally just have a deflationary currency

>loan out money
>guy pays you back the same amount
>same amount is worth more now

If I was going to set it up I would create a credit union that charter is to facilitate and improve the ability of its members to conduct economic activity. Loans would be given out with flat fees associated with them and beyond limiting loans to such as land and equipment purchase and improvement for use of housing farming and production.

The loans would be public record and members would be encouraged to do business with the loan holders to facilitate the repaying of the loan to the credit union.

>dont loan out money
>laugh at plebs
>same amount is worth more now

Islamic banking doesn't allow charging interest, so they make their money through fees. It's literally a thing that exists right now.

>They should be investing in the house, business, or property to be bought.
This is correct, also known as holding an equity stake.

This means that the investor/bank shares risk in the business venture. This is good, because it eliminates predatory lending. If the business venture fails, they don't get their money. The bank has incentive to only invest in ventures that seem like they will be successful.

It completely eliminates predatory lending such as student loans (which cannot be defaulted on in many countries), where these huge loans are given out to students for a product that is not worth the cost of the loan, let alone the interest (such as liberal arts degrees).

>Literally just have a deflationary currency

>Don't buy anything today because my money can buy more tomorrow
>Entire country doesn't buy anything today because their money can buy more tomorrow
>Every business in America goes bankrupt because no one is buying anything
>Entire economy crashes

Man, deflationary currencies sure are awesome. Unironically kill yourself and anyone that enables you.

you can turn it into a government thing and increase taxes so taxpayers pay for it...

or just have a computer calculate how much you contribute to society and what you should earn as a reward, anywhere from a mansion to having your arms chopped off

or you have to pay in blood, or introduce reverse inflation into the economy, the possibilities are endless

>Islamic banking doesn't allow charging interest, so they make their money through fees. It's literally a thing that exists right now.
The fees are literally renamed interest.

Google fuck a goat.

>only invest in ventures that seem like they will be successful
MUH EQUALITY THO

Over time goods and service would become cheaper since market efficiency improvement. Income disparity would shrink since only productive work would be profitable instead of profiting off stores of wealth. The law system would need to be completely rewritten since it is based off of an usury system. International law is based off of a hybrid Roman-Christian template. Heavy on the Roman, 400 ADish. Captialism or socialism as we know it today would both be impossible. Debt slavery would need to be reinstated since people steal shit and would incure debt from accidents. Deflation would be the norm, but would be a good thing since debt would be non-existant. The Jew wouldn't know how to make a living

Isnt the purpose of banks to be a place to store money, someone explain to me how the hell those buildings end up controlling their country.

Like everything else that is gomunist horseshit, it wouldn't.

It's what you have already. Interest rates were nearly 0 for years.

somebody figured out all the money was in one place and robbed the bank. then they had all the money and put it in their own bank in another country. instead of creating a new money we said lets keep using that money.

KISS explanation.

It started with jews lending money to nobles and then exerting pressure on the nobles to do their bidding. From that the nobles became the major governments and the jews became the central bankers.

PRIVATE Central Banks are the tool.

>Government wants to spend more than they have
>Borrow from private central bank, in exchange they give the central bank Gov't bonds w/ interest
>next year comes
>government again needs more money to maintain everything
>also the interest is racking up
>has to borrow AGAIN from private central bank, in exchange for bonds at interest

The cycle continues and the debt can never be repaid because there is more debt than there is money in circulation. E.g. there is like $12trillion USD cash but our debt is like $20 trillion

Investment Banker user AMA

Pretty much this.

>Borrow from private central bank
>borrow
What? How the fuck can the government borrow from a building on their own ground. That building should be paying taxes to the government wtf.

Now you know why Jews hate Andrew Jackson

>There will always be inflation
Sure thing, Mordechai.

It's a private bank. The "Federal" part is just there to throw you off.

They central bank controls the money of this nation basically.

Why is this allowed? This is nothing more than the greatest thief in human history.

>Investment Banker
>AMA
Why don't you kill yourself?
Serious question

How close are we to end boss stage in your opinion?

please study the time value of money

Why?
More like (((who))) is behind it?

Without usury tell me the time value of money?

So jews are just cheaters.

Its run by gov, not for profit.
money lent with no interest
paid back as usual

Not complicated user

>b..but who would lend their money without getting interest.
user, the bank isnt leading (((their))) money, they create NEW money out of thin air to lend

You're just jealous I make more money than you

It's either me or someone else

Idk desu. Things are looking decent atm.

When do chinks stop wanting US dollar?

Duh
In their holy books they are proud of being racist hypocrites and demand poor treatment of goyim

We actually have more leverage over them than they have with us. China and Russia just like to larp like they're big boys.

It's like two kids trying to sneak into an adult party.

I want to believe!

The fuck did Kek mean!

I thought they controlled us by genius level tactics but I mean this is just I mean its so generic and expected. If they control money why do they even care about it? What the fuck is wrong with these zionist?

They're heavily dependent on USA to survive.

Also, If you notice every time China starts flexing their muscles, USA turns their pressure onto Iran. Why?

About half of chinese energy imports come through that area which would be disrupted if even a slight conflict erupted. This triggers a huge chain reaction and devastates their economy. That's why China always goes back into their cuck shed after we shift focus on Iran.

White people naturally rise up and conquer. Jews use everything they can to remain in control.

But if they are the master race why are they scared of inferior white gentiles like us rising up?

Russia is about to finish their pipeline. Is Iran mostly natural gas?

This user gets it.

This kills the jew.

Nobody is scared of Jews. Normies cry about the Holocaust more than they do. The rest of us aren't scared, just waiting I guess.

Theyre actually brainlets, its just that most people are even dumber
Get rid of the holohoax and their anti defamation laws and people will tear them to shreds when they can talk about their crimes without being smeared a racist

Yeah they're #2 in nat. gas reserves

This
There arent many of them and they are decreasing everyday
Theyre only in power because they brainwashed people to their side using media and government

do u know de wey?

>centralized state banking system that also regulates private banks
>state banks give interest free loans capped at a certain amount (maybe $100k or something)
>larger loans after that mean you pay low interest rates to the state still
>people who are struggling will take out smaller (interest free) loans from the state banks to get by
>people who want to invest the money in something big will be able to afford the interest
>state bank doesn't pay you interest but just holds your money, private banks do pay interest
>there is some incentive to use private banks still
>this creates market competition and protects citizens from debt slavery by giving them choices

>doesn't kill himself because he believes others are jealous of the money he makes
Ok that's what I thought

A businessman from Somalia moaned about arabs being so greedy because they don't give him a loan so he could start his business "though he would return them more"
When I told him that Muhmud prohibited interests - of which he was unaware of - I think it revelation made him leave islam.

It wouldnt

youtube.com/watch?v=tIeEotdOVew

>It wouldnt

Googling Islamic Banking would be a good trailhead, if you're genuinely interested.

When cryptomania subsides and cryptocurrencies are in wide daily use, the most successful, most widely utilized cryptos will likely mine UBI at the consumer level and won't be a wealth storage becauuse of zero interest enforcement protocols in the chain.

Bankers deserve to die. They take all the profits they make off your money and pay you pennies in interest.

jew free.

Niggers would abuse this and cause a lot of trouble

like back in USSR, once allocated to a job, appropriate housing is found, where one resides interest free for a period of 25 years, later upon marriage bearing a child receiving a new house with an additional room for the child to repeat aforementioned

The USSR was knows as a "banker's paradise".

Why? Because banks practiced usury, and the repayment of loans was guaranteed by debtors prison. People who did not pay back their loans plus the interest were put in gulags and worked to death.

The Bolshevik revolution was funded by bankers.