What would you think about say 10% of the value of money being backed by things like a person's proven character?
Say, a 50-yo guy or gal looking for a business loan, with a clean record regarding interactions with other citizens.
Similarly I've always felt that the "child deduction" on federal taxes should not be granted to the parents until the child in question turns 21 and has demonstrated by its behaviors that the parents raised a good child. Of course this would turn out being horribly racist for all the obvious reasons, but the deductions would then be granted to the parents as an annuity for the rest of their lives as the nation's taxpayers' thanks that they produced good members of society. The idea of subsidizing breeders whose spawn can't even go to high school without being triggered into a breakdown chaps my ass.
Juan Williams
Not my local S&L–which survived both the '80s S&L crisis and the Depression by staying local and backing good people, and not recklessly indebting people when it would have been very lucrative to do so.
Not my one credit union, which has operated similarly and nearly for that long.
John Gutierrez
It would work the same as now. You want a business loan, you present a business plan, if it seems reasonable, they loan you the money, interest-free. You want a home loan, you have an appraisal done, if the value of the existing home, or the value of a home you'll be building is worth the money you intend to borrow, you get the loan, interest-free. Same with student loans, you get them interest free, and with ALL these loans, you can negotiate a halt in payments if times get rough, as the Treasury is not concerned with the time-frame of repayments, just that the principal be paid back, and with no built-in inflation, as we have under our current system, no interest or time limit is necessary…a dollar borrowed at the time of the borrowing will be worth the same as any time it is repaid in the future.
Read the Lincoln quote I posted above… THAT is how money is SUPPOSED to work, as a tool of progress, like a hammer or saw, NOT as a weapon of control and a means of theft, as it is being used now.
Simple interest is OK, it's compound interest which is extra Jewy.
Aaron Jones
Abolish interest in favor of a deposit instead
Oliver Cruz
All interest is Jewish, retard
Jordan Reed
Interest is unnecessary, and no one should reap where they have not sown. Besides, if the Treasury issued interest-free loans, who would borrow money, tied to interest, from a bank?
That person would have to be someone the Treasury turned down for a loan, because his reason for it was either illegal or unsound…and we already have "bankers" that loan to such people, today…they are called "loan sharks."
How's that work? The government needs the ability to destroy currency in order to issue labor backed currency and not have inflation. Otherwise every year you print more currency and the value of currency keeps going down.
Jayden Morales
Classic Trump. He trashes some topic on twitter and does fuck all about it.
Carter Hill
The Fed is cancer but the notion that interest should be banned is absolutely ridiculous. Outside of personal friends or family noone would loan money for someone to start a business if they couldn't turn a profit through doing so.
