Stopped reading, right there.
You do not need the word, "credit."
In our society, the private sector originates loans for small businesses, houses, etc. As long as this was heavily regulated, it worked with a minimum of discomfort to the borrower.
At this point, however, the banks are not regulated, as the regulations are rarely enforced, and usury practices such as charging negative interest on bank accounts and double-digit interest on credit cards, are now considered (insanely) acceptable.
You could easily place the banking responsibilities of the nation in the hands of the Treasury, who could more easily control the money supply in order to balance out inflation and deflation. And those loans could be made interest free.
The private banking houses would then be nothing more than investment companies, with no FDIC insurance necessary, and the risk, once again, entirely on the investor.
You would not get any interest on your Treasury bank account, but neither would you be charged interest on borrowing from them. And the same qualifications for borrowing would apply, as before, with low-risk borrowers having no problem obtaining a loan, but high-risk having to prove they've changed their ways.
As for the investment houses, if you invested in blue-chip stocks through them (like utilities), you would take little risk, but if you invested in high-risk stocks (Fred & Ethel's antigravity machine, Inc.), you would take a much higher risk…but the important thing is, the risk is all on YOU, with no banks to fail if the stock market crashes, and not government bailouts (to make you a common welfare rat).
In any case, none of this would be usury…you would have eliminated usury from your society, forever.
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