Only Way to FREE Humanity From Mammonism !

[techsamatar]

Mammonism is the prevailing, all-encompassing ailment afflicting our current culture, and indeed, humanity at large. It behaves like a rampant plague, a consuming poison that has taken hold of people worldwide. By Mammonism, we refer to, on one hand, the international financial superpowers—the supranational financial force dictating the self-determination rights of individual nations, often referred to as the golden international. On the other hand, Mammonism encompasses a mindset that has permeated broad segments of the population: an insatiable greed for wealth, a life perspective solely focused on worldly possessions. This worldview has already contributed to a disconcerting decline in moral values and is poised to continue doing so. This mindset finds its extreme embodiment in the international plutocracy. Mammonism draws its power from the effortless and infinite multiplication of wealth facilitated by interest.

The golden international emerged from the morally bankrupt concept of loan interest. The insatiable desire for loan interest has cultivated a mental and moral perspective within individuals, leading to a disconcerting dissolution within a segment of the bourgeoisie. The ideal of loan interest is a diabolical creation of significant capital, enabling a minority of financially powerful individuals to lead a leisurely life at the expense of productive peoples and their labour. This concept has fuelled profound and insurmountable class differences, instigating class hatred that has given rise to civil war and fratricide. The only viable remedy, the radical solution to alleviate the suffering of humanity, lies in breaking the chains of interest. Liberation from interest is the sole method for the effective emancipation of productive labour from the covert dominance of financial superpowers. Breaking free from interest signifies the restoration of personal freedom and the redemption of mankind from the enslavement imposed by Mammonism. Anyone seeking to challenge capitalism must prioritize breaking the chains of interest.

 

[Nomadic lord]

While you make a fair point that the current capitalist system has been plagued by the insatiable pursuit of wealth and personal gain at the expense of other considerations, it's important to consider that there are pros and cons to all socioeconomic systems. While alternative economic approaches might address some of the limitations of capitalism, it's not necessarily true that the abandonment of interest will lead to a better future for society. Interest can serve as an important incentive for investment, innovation, and growth, which can in turn create jobs and economic opportunities that benefit society. Rather than demonizing interest, it's better to consider a holistic approach to economic reform that can address the flaws of capitalism.

 

[techsamatar]

I want to redo this thread later some things I missed out on, how do I delete threads.

 

[techsamatar]

While you make a fair point that the current capitalist system has been plagued by the insatiable pursuit of wealth and personal gain at the expense of other considerations, it's important to consider that there are pros and cons to all socioeconomic systems. While alternative economic approaches might address some of the limitations of capitalism, it's not necessarily true that the abandonment of interest will lead to a better future for society. Interest can serve as an important incentive for investment, innovation, and growth, which can in turn create jobs and economic opportunities that benefit society. Rather than demonizing interest, it's better to consider a holistic approach to economic reform that can address the flaws of capitalism.

Usury bears no benefits; instead, it enslaves nations. In the contemporary context, your taxes essentially become tribute to the bankers who create money out of thin air and lend it to governments. The power to coin money should rightfully be held by the state, not by bankers and capitalists who exploit money to generate more money. The concept of usury ranks among the top five worst sins, and Allah declares all-out war on those who engage in it. Across various religions and even in the teachings of ancient philosophers, usury has consistently been condemned. Notably, the exception appears to be within the Jewish tradition, where charging interest is permitted, though their own texts advise against charging interest to fellow Jews but allow it with non-Jews or gentiles.

I could spend an entire day recounting examples of economies thriving when usury was eliminated and independent, debt-free currency was issued. The American Civil War serves as an illustration, with Abraham Lincoln's decision to print the Greenback currency independently, without involvement from the British Rothschild empire, being a key factor—linked by some to his subsequent death. Additionally, the economic policies of Nazi Germany, led by Adolf Hitler, and the reforms during Julius Caesar's rule in the Roman Empire are often cited as instances where avoiding usury contributed to economic successes and increased production.

 

[Nomadic lord]

Usury bears no benefits; instead, it enslaves nations. In the contemporary context, your taxes essentially become tribute to the bankers who create money out of thin air and lend it to governments. The power to coin money should rightfully be held by the state, not by bankers and capitalists who exploit money to generate more money. The concept of usury ranks among the top five worst sins, and Allah declares all-out war on those who engage in it. Across various religions and even in the teachings of ancient philosophers, usury has consistently been condemned. Notably, the exception appears to be within the Jewish tradition, where charging interest is permitted, though their own texts advise against charging interest to fellow Jews but allow it with non-Jews or gentiles.

I could spend an entire day recounting examples of economies thriving when usury was eliminated and independent, debt-free currency was issued. The American Civil War serves as an illustration, with Abraham Lincoln's decision to print the Greenback currency independently, without involvement from the British Rothschild empire, being a key factor—linked by some to his subsequent death. Additionally, the economic policies of Nazi Germany, led by Adolf Hitler, and the reforms during Julius Caesar's rule in the Roman Empire are often cited as instances where avoiding usury contributed to economic successes and increased production.

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That was quite informative. You have given me a lot to think about. I think you bring up some important points about the potential negative impact of usury and the need for greater regulation of financial institutions. It is certainly true that unchecked lending practices can lead to excessive debt and a reliance on foreign lenders, which can have destabilizing effects on a country's economy. However, it is not accurate to suggest that the elimination of all forms of interest or borrowing would result in economic prosperity. Rather, it is more appropriate to consider a balanced approach to financial regulation and oversight that protects consumers and prevents predatory lending practices without stifling economic growth and investment.

 

[techsamatar]

That was quite informative. You have given me a lot to think about. I think you bring up some important points about the potential negative impact of usury and the need for greater regulation of financial institutions. It is certainly true that unchecked lending practices can lead to excessive debt and a reliance on foreign lenders, which can have destabilizing effects on a country's economy. However, it is not accurate to suggest that the elimination of all forms of interest or borrowing would result in economic prosperity. Rather, it is more appropriate to consider a balanced approach to financial regulation and oversight that protects consumers and prevents predatory lending practices without stifling economic growth and investment.

impossible to maintain balance with usury; it is a hoax. The options seem limited—either eliminate it altogether or allow practices that lead to periods of deflation and inflation. It is a human-created and controlled phenomenon, with the root cause being usury.

 

[Nomadic lord]

impossible to maintain balance with usury; it is a hoax. The options seem limited—either eliminate it altogether or allow practices that lead to periods of deflation and inflation. It is a human-created and controlled phenomenon, with the root cause being usury.

I have to disagree that it is impossible to maintain balance with usury. There are a number of ways to implement regulated lending practices that can keep borrowing costs low and mitigate the risks of excessive debt. Some strategies include government-guaranteed low-interest loans for small businesses and entrepreneurs, as well as increased protections for borrowers and tougher regulations on lending institutions. Additionally, alternative financing methods such as venture capital, crowdfunding, and socially responsible investing can provide alternative sources of capital without relying on traditional loans or credit. With these measures in place, usury and its potential pitfalls can be successfully regulated and controlled.

 

[techsamatar]

I feel like I have to clarify this as a Muslim: I do not condone or endorse the practice of riba, or unjust and exploitative lending practices. This does not mean that we must totally eliminate lending or interest, but rather that we must create an ethical and equitable system of lending that considers the needs of both lenders and borrowers and encourages responsible and sustainable financial practices. As with everything in Islam, we must strike a balance and practice moderation in our approach to lending and borrowing.

It's a matter of pure contradiction—riba is riba and cannot exist in any way or form. How can one claim, as a Muslim, to not endorse riba but accept it in a regulated manner, implying that it is still riba? Interest is neither necessary nor does it bring any benefits to the economy or society, except for contributing to currency inflation/deflation and perpetuating the cycle of the rich becoming richer and the poor becoming poorer.

 

[Nomadic lord]

It's a matter of pure contradiction—riba is riba and cannot exist in any way or form. How can one claim, as a Muslim, to not endorse riba but accept it in a regulated manner, implying that it is still riba? Interest is neither necessary nor does it bring any benefits to the economy or society, except for contributing to currency inflation/deflation and perpetuating the cycle of the rich becoming richer and the poor becoming poorer.

It is correct that interest in Islam is referred to as riba, which means usury or unjust lending, or excessive profit or gain. The practice of lending with interest is prohibited in Islam and considered a sin. However, this doesn't mean that lending or borrowing is completely forbidden. Rather, Islam allows for fair and equitable lending practices that benefit both the lender and the borrower. These practices can include no-interest loans, shared ownership and co-investment, and socially conscious investing.

 

[Basra]

 

[techsamatar]

It is correct that interest in Islam is referred to as riba, which means usury or unjust lending, or excessive profit or gain. The practice of lending with interest is prohibited in Islam and considered a sin. However, this doesn't mean that lending or borrowing is completely forbidden. Rather, Islam allows for fair and equitable lending practices that benefit both the lender and the borrower. These practices can include no-interest loans, shared ownership and co-investment, and socially conscious investing.

Yes lending and Borrowing is Halal, but Without Usury.

If you lend me 1kg of Rice I owe you 1kg of Rise not 2kg.

“The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.”​

― Aristotle, Politics

 

[techsamatar]

It is correct that interest in Islam is referred to as riba, which means usury or unjust lending, or excessive profit or gain. The practice of lending with interest is prohibited in Islam and considered a sin. However, this doesn't mean that lending or borrowing is completely forbidden. Rather, Islam allows for fair and equitable lending practices that benefit both the lender and the borrower. These practices can include no-interest loans, shared ownership and co-investment, and socially conscious investing.

Let me show you the Evil of Usury/Interest.

Let me share the captivating tale of the invention of chess. The wise inventor, in gratitude for creating the royal game, asked the Indian king Shihram for a simple wish. His request was for one grain of wheat on the first square of the chessboard, two on the second, four on the third, and so on, with each square having twice as many grains as the one before. The king, initially amused by what seemed like a modest wish, agreed and ordered a sack of wheat for the distribution. However, as we know, fulfilling this wish proved impossible, even for the wealthiest prince in the world. All the world's harvests over a thousand years wouldn't be enough to fill the 64 squares of the chessboard.

challenge of calculating compound interest. Imagine a penny invested at the time of the birth of Christ, doubling every 15 years. By the year 15 AD, it becomes 2 pennies, by 30 AD, 4 pennies, and so forth. Yet, few might recall the staggering value this penny would represent today: a volume of gold equivalent to the Earth, the Sun, and all the planets combined would still fall short of representing the value of this compound interest-invested penny.