Conversation
georgia
georgia
its fucked up that they call making people miserable for money reasons "austerity"
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Blurry Moon
sun@shitposter.world
@georgia isn’t it only fucked up because there’s always money printing for other shit
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Blurry Moon
sun@shitposter.world
@georgia I think taxes should help people but governments shouldn’t print money
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Blurry Moon
sun@shitposter.world
@georgia I agree in theory, I think now though like Islamic banking is the only way to be sure
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Blurry Moon
sun@shitposter.world
@georgia I couldn’t explain it better than Wikipedia, there are some loopholes but it’s pretty sensible
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lolitechengineer@loli.church
lolitechengineer@loli.church
@georgia@netzsphaere.xyz @sun@shitposter.world please pay 15% fee for dis loan. It's due in 90 days habibibi.
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djsumdog
djsumdog@djsumdog.com
whenever a State prints money, all the other money in existence is devalued. It's theft from everybody. It's the top reason for inflation and it shouldn't exist. It shouldn't have to be this way.
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@hfaust @georgia @sun the change from interest to fees makes all the difference though
if you lend to someone for their business venture you can harvest interest off them forever if the venture fails as you're a creditor
if it's fees you don't get anything back if it fails since you're putting the money in as a joint partner
if you lend to someone for their business venture you can harvest interest off them forever if the venture fails as you're a creditor
if it's fees you don't get anything back if it fails since you're putting the money in as a joint partner
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