A clue on how to survive the potential economic collapse
Posted July 5th, 2008 by GREEDisBAD
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Below are excerpts from A Culture of Dependency. I think this is an excellent article. I hope everyone will read it. I hope more people will consider implementing "free-loan funds" to save this society.
http://www.chabad.org/par...
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In practice, providing money and welfare to individuals and communities without demanding a reciprocal commitment from the recipient has only ever proved a recipe for disaster and continued dependency. In the Talmud, beneficiaries of charity are described as "eating the bread of shame," which is why Maimonides recommends providing a poor person with a job, or other method of self sufficiency, rather than a no-strings-attached provision of welfare. In advertising speak: a hand up, not a handout.
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Lending money to those in need is generosity of the highest order, and free-loan funds, known as gemachs, have always flourished in Jewish societies.
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However, lending money on interest to another Jew is strictly forbidden. Aside from the reality that borrowers are often forced ever further into debt and many find it almost impossible to escape from the interest-trap, usury has a deleterious effect even on the lender. To earn money from one’s ingenuity, skill or effort is healthy; to receive a kickback for nothing is inherently destructive.
The money one earns from interest is almost dishonest, equivalent to eating the bread of shame. You’re not working for your sling-back, not producing or contributing to the development of the world. The other guy is doing all the work, and you are just piggy-backing on his efforts.
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Let me know somehow how I could e-mail you a report you really need to see. You can e-mail me from the account here.
Humm...I wonder what it is. Is it
about gold and/or silver? If so, I'm not so interested, but if not, I really wonder what it is. Could you give me a hint :)
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin
Bartering
Bartering, and using metal as currency will have to be until we get a currency with enough stability or backed by something.
Yes we ought to have interest free currency loans as well in this new currency.
Davy C Rockett
Where the spirit of the Lord is, there is LIBERTY! - 2 Cor. 3:17
http://www.thelibertypost...
http://screamfreedom.blog...
http://liberty-central.bl...
I sure hope that we will soon have a better money system than
the one that we have today. Meanwhile, interest free loans seem to be the safest ones to implement. I mean there are some organizations that are already implementing interst free loans. Therefore, as long as people comply with the laws, I don't think there would be a problem.
One of the things that the debt based money system destroyed is people's morale, in my opinion, but I think that interest free loans will help restore it.
For this reason, I hope that a larger number of generous people will forcus more on interest free loans rather than no string attached donations. One of my favorite books on money is "The Seven Laws of Money" by Michael Phillips and one of the laws described in the book is "You Can Never Really Give Money Away." In my opinion, donations are not as good as many people think as it was also described in the article.
Also, if you agree that "The money one earns from interest is almost dishonest", perhpas more parents should consider giving their kids interest free lonas for collage instead of investing in mutal-funds, etc.
I think there are many cases interest free loans make more sense if people looked around.
Finally, if you have time, could also read this? This one is long, but I think it is very good.
http://www.dailypaul.com/...
Thank you!
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin
I read this first thing this morning.
Very thoughtful article, and so true. I especially liked with this part:
"Even people who have spent decades happily self-sufficient can be similarly morally destroyed upon retirement. Their "freedom from work" too often degenerates into a pale and lonely existence. Take away from otherwise healthy senior citizens any real reason to get up and get dressed in the morning, and those who don’t quickly find replacement creative outlets will quickly wither away into irrelevancy."
. Too many seniors spend their day watching Faux News, and the occasional trip to town is to go to the Senior Citizen dinners, which seems like a rather boring existence to me. (Meet, eat, talk about your old age ailments, and retreat)
For those of us whose minds are 'awake' life is certainly not boring--we have an urgency to do all we can to restore Liberty and constitutional government for the benefit of our children and grandchildren. For Christians, Ecclesiastes 3:9-13 in the bible explains what a worker gains from his toil and explains that work is a gift of God!
Thank you for the response. For a younger generation,
the joy of work has been stolen by the debt based currency, in my opinion. All my life, I have never had complete satisfaction from my work. There is alway this feeling that what I do is not really needed. I found out why. Please, read this.
The Lost Debate
http://www.dailypaul.com/...
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin
I'm 71 this Christmas and I
I'm 71 this Christmas and I laughed to read how you think the lives of seniors are lived!!
We run a ranch, husband still works full time...we are involved in politics...we don't have a lot of time for watching faux news...
ROFL
I am in your age group
and until last year we also had a ranch and had worked hard all our lives--which I guess is why I can't just sit around and watch news or attend the Senior events, but many in town do!
"Retirement" is not just sitting around and getting old for me---how could you just sit and rust--I enjoy work--which is why I was so pleased to find the bible verse that told me 'why' I enjoy working hard and being satisfied with a job well done. I have built a raised bed Liberty garden, and enjoy watching my garden grow.
Retirement for me has given me more time to be politically active, as well.
thats great...
My aunt is in her 80's and still lives and works on her farm.
Libera me, let the truth break, what my fears make--Leslie Phillips
Wasn't this the
idea behind workfare during the Clinton administration. What happen to that program? Peace Patriot
I'm hoping that many people will read this article.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin
Good read You find out about
Good read
You find out about CopperCards yet?
http://www.dailypaul.com/...
Commission on Presidential Debates - http://www.debates.org/pa...
National Ballot Access - http://www.directdemocrac...
Voters for none of the above - http://nota.org/
Black Box Voting - http://www.blackboxvoting...
Thanks. I hope more people will read it. I think it's an
excellent article. I just read about CopperCards. It was very interesting, but I didn't quite understand how it works. I'll comment on the thread, later.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin
Bump
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."
Benjamin Franklin