Interest Free Banking - NO JUWEZ ALLUWED

[JohnnyG]

if there is a fixed amount of money in circulation, and every participant in the pyramid has taken out some form of loan (which is a reasonable approximation of the current economic situation, most people are in debt, if not directly, then the state takes out loans in order to pay their salaries or social transfers)

Your point about public finance being a game of trying to be closest to the firehose of new money, while those further out only see diluted spending power, is correct. But the above part is not. Every borrowed dollar has a lender on the other side. So while there are numerically more debtors than lenders, it's incorrect to say that everyone is in debt.

There's exactly as much debt as there is credit, and the people extending that credit (whether they're shylock moneychangers taking advantage of the financially illiterate, or retirees buying bonds for the guaranteed income) do so because they're willing to delay spending and risk their savings for some return.

If you have a savings accounts (or checking account, money market account, etc), you're on the credit side of the equation. The "extra money" for your interest payments (your reward for giving up current spending for future spending) comes from someone else's future spending (which they traded for current spending).

 

[TheRedChair]

It's called Bartering if you want to come down to it.
It's also known a Loyality loan.

THIS DOES WORK. Both concepts that is.

Let's go with the Loyality Loan first. I have done this in the past. Gave out money to those deem loyal enough to get it back. About a 95% return rate.

Why. You get to know the true nature of people. Honest people will somehow pay it back... Lazy ass niggers of all colors won't. The ones that screwed me over did not make it in life... The hustle got them.

This is why you value loyality above all else. When things go bad the only people you turn too are those you can trust.

Bartering is #2. I've done it many times over the years. Services for food skills and materials.
This really works in a more rural community but it works well. In cities however the mindset has changed so it would probably be difficult now.

 

[Major]

Get a credit card with 0% interest then transfer the balance for as long as you need for the lowest fee possible. Effective Apr is often below inflation. Can do it with money transfers too

 

[Slap47]

So called "interest free" islamic banking just charges interest under a different name.

Muslims mock Jews for trying to play dumb legal games with God, and then pull this nonsense.

Let's go with the Loyality Loan first. I have done this in the past. Gave out money to those deem loyal enough to get it back. About a 95% return rate.

Indians have this kind of informal banking.
However, they just break your legs if you screw them over and you still end up with debt slaves.

https://en.wikipedia.org/wiki/Hundi

 

[Jesse Nicholas Radin]

NBKC is free with interest