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Showing posts from January, 2025

Interest rate. “Polite” robbery from ancient slave owners that has plagued our modern world.

  The interest rate is a commonplace phenomenon that many people perceive as a norm of life. If we look at it in more detail, we will discover how destructive an impact it has had and continues to have, disguised as various beautiful expressions and phrases. This article does not intend to hurt the feelings of others or offend anyone. We are all human and can make mistakes. Voicing different points of view gives us the opportunity to look at things differently, more objectively. So, where did the idea come from that a debt can be paid in excess of the amount of the debt, who introduced the concept of “interest rate on lending” ? Maybe it was introduced by talented economists after painstaking research with scientific justification ? No. Not even close. These ideas originated among ancient slave owners using people for slave labor. The principle of polite robbery is a lways the same: “I will lend you money, and you return more than I lend you.” Which is a violation of the borrower’s...