Difference between revisions of "Usury"
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*[http://www.fool.com/investing/dividends-income/2008/03/25/youre-being-taken-to-the-cleaners.aspx?terms=FED&vstest=search_042607_linkdefault You're Being Taken to the Cleaners] | *[http://www.fool.com/investing/dividends-income/2008/03/25/youre-being-taken-to-the-cleaners.aspx?terms=FED&vstest=search_042607_linkdefault You're Being Taken to the Cleaners] | ||
| − | == Economics commentators == | + | == Economics commentators ==[[Media: |
| + | * [http://www.youtube.com/watch?v=dL-gHItyPSM George Soros] | ||
| + | * [http://www.youtube.com/watch?v=8teEHdCrFqE Jim Cramer] | ||
| + | * [http://www.youtube.com/watch?v=lTXEWh2yT_g Jim Rogers] [http://www.youtube.com/watch?v=airxvVmGnqc] | ||
* [http://www.youtube.com/watch?v=Em5lehxunxc Joseph Stiglitz] | * [http://www.youtube.com/watch?v=Em5lehxunxc Joseph Stiglitz] | ||
| + | *[http://www.youtube.com/watch?v=b6Oul5DZYps Marc Faber] | ||
* [http://www.youtube.com/watch?v=-4vFoJd82l8 Ron Paul] | * [http://www.youtube.com/watch?v=-4vFoJd82l8 Ron Paul] | ||
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== Companies involved in [[W:Credit crunch|Credit crunch]]== | == Companies involved in [[W:Credit crunch|Credit crunch]]== | ||
Revision as of 19:51, 13 April 2008
Usury (from the Medieval Latin usuria, "interest" or "excessive interest", from Latin usura "interest") was defined originally as charging a fee for the use of money. This usually meant interest on loans, although charging a fee for changing money (as at a bureau de change) is included in the original meaning. After moderate-interest loans were made more easily available usury became an accepted part of the business world in the early modern age. Today, the word has come to refer to the charging of unreasonable or relatively high rates of interest.
Quotes
When once the usurer has obtained complete control of monetary creation, the interest mechanism has achieved its purpose, and could the be given up. When the usurer lent the original gold coinage, he created a debt claim and appropriated the interest. When, however, he began to create and lend money, he appropriated both interest and capital. Thus the usurer's (i.e. banker's) wealth and power finally derive from this credit creation, wherein, as Major Douglas puts it, "power comes not from charging interest but in creating new claims and appropriating them."
- - Human Ecology p127
Books
Bears Stearn takeover
== Economics commentators ==[[Media:
Companies involved in Credit crunch
- Absolute Capital (Australian)
- Basis Capital (Australian)
- Northern Rock (British)
- Bear Stearns (American)
- Macquarie Bank (Australian)
- New Century Financial (American)
- Carlyle Group *Wikipedia
- UBS (Swiss)
- Deutsche Bank AG (German)
- ANZ bank (Australia/New Zealand)
- ING investments (Australia/New Zealand)
- Tower (Australia/New Zealand)
FBI probe widens to 17 firms
Among companies implicated in FBI mortgage probes are Beazer Homes and Doral Financial. The largest US mortgage lender, Countrywide, is also under FBI investigation, authorities have said.
