Re:Global real interest rates and the ‘suprasecular’ decline...
by gher-shyu3i on Sunday January 31, 2021 @09:01PM
(#25984783)
> We don’t know that, we only know that Abrahamic theocrats have prohibited it.
(1) They're prophets. (2) We know that, look around you at what's happening.
> Yes, this is foolish.
It's not. Look around you at the disasters.
> they only profit when they make good loans
An interest bearing loan is, by definition, not good. It's predatory. So it means that those banks profit most on the most predatory loans, exactly as I was explaining.
> You yourself said the law is wrong for continuously accumulating interest on an unpaid debt
That's part of it. The argument is that the law protects interest bearing loan contracts instead of nullify them.
(1) They're prophets. (2) We know that, look around you at what's happening.
> Yes, this is foolish.
It's not. Look around you at the disasters.
> they only profit when they make good loans
An interest bearing loan is, by definition, not good. It's predatory. So it means that those banks profit most on the most predatory loans, exactly as I was explaining.
> You yourself said the law is wrong for continuously accumulating interest on an unpaid debt
That's part of it. The argument is that the law protects interest bearing loan contracts instead of nullify them.