Is the real cause of financial collapse Interest?

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Javed Iqbal

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All Divine Books, Torah. OT and Quran have forbidden interest. Those who do not believe in the Divine origin of these books, must accept the wisdom of centuries long human experience. Interest kills and gets an undue share.

Interest in all events and circumstances is untenable. It starts the day you borrow and no matter under what circumstances you undergo,you need to pay it, irrespective of your financial plight. In the lust to make money on money, the moneyed people buy, food, gold, oil and property anything which can increase their holdings over a period of time. This enhances their value to ridiculous heights, without being lead by actual demand. So people end up buying commodities at much higher prices, pay more interest and end up as bankrupt or unable to settle their debts.

Economists and Accountants, what do you think ?
 
allah akbar, no not really.
actually Farfour, i don't see why interest rates aren't higher and interest free loans made illegal.
no one could get a loan, in your perfect little interest free dream world because if 1 deadbeat cant make a payment the loaner losses massive amounts of money since there is no way to make a profit enough to lend everyone.
whats the matter Farfour, cant make your payments from your local corner quick-loans pay day place on time?
 
allah akbar, no not really.
actually Farfour, i don't see why interest rates aren't higher and interest free loans made illegal.
no one could get a loan, in your perfect little interest free dream world because if 1 deadbeat cant make a payment the loaner losses massive amounts of money since there is no way to make a profit enough to lend everyone.
whats the matter Farfour, cant make your payments from your local corner quick-loans pay day place on time?
 
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