Only idiots borrow money! When you borrow money to buy an object you will generally pay double the price of the object you wish to own. In addition, you will pay unnecessary costs demanded by the lender to protect his investment.
The irrationality of borrowing money to own an object sooner than you can by saving, and then buying for cash, where you can get exactly what you want at the cheapest price, because you can haggle the price down, and if the seller is unwilling to compromise you drop that seller and find another seller—there are always other sellers— and you will ultimately get your price and perhaps a better price.
People who sell products are pernicious predators who look for intellectually weak pigs who are lazy, greedy and generally stupid..
That is why the ”minorities” have such a bad reputation across the world. Over thousands of years these groups have evolved a means of selling goods where lies, deception and chicanery enable them to take advantage of the lest intelligent humans.
They are totally heartless in their profession of selling. They pick the intellectually weakest members of society and rob them until these people are destitute.
These groups operate within the confines of the law, but they pay the politicians to make the law conform to their needs.
This is why the Minorities have been persecuted throughout history. Every citizen knows that these groups are not a true part of society. They are predators who scavenge the poor earnings of the mentally weak and generally destitute citizens.
Of course, no group is 100 percent identical. There are fine groups of lenders whose morality and behavior is impeccable and frequently higher than most other people on this planet.
These small groups are almost always found in the Medical Profession and in Scientific Research. They are extremely rare in business and almost non-existent in the legal profession.
I bring up the small group connection in borrowing, because this area is covered by laws that always favor the lender and always weaken the defense of the buyer.
This is because legislators are pawns to those individuals or groups who pay for their services. A large majority of lenders belong to these small groups. To be thorough about lenders, I have to inform the readers, that the lenders in Asia are generally Chinese or Indian or Korean.
And, we must remember that the small groups are not the only lenders, many other nationalities participate in this pernicious practice.
It is rather unfortunate that these Minorities, because of their ostracism in Europe, including precluding the Minorities from other professions, led them to concentrate on lending, banking and the sale of jewelry. Thus, they were indirectly forced into lending. Their extremely high intelligence allowed them to perfect the technique of lending, banking and law.
BORROWING AND THE LAW
As a borrower, do not in the least think that the law will protect you in anyway. If a dispute goes to court that dispute will almost invariably be resolved in favor of the lender. There are laws on the books of every state in the Union allowing immoral firms to rob money from the weak, elderly and illiterate.
These firms lend a small quantity of money and then frequently collect as high as 30,000 percent in interest! These are called “Pay Day Loans”.
If we lived in a moral society, these lenders would get life in prison. That fact that this practice continues shows the extremely low caliber of American morality in the present era.
Everywhere on the Internet and television, the viewer is enticed and cajoled into learning his or her Credit Score.
The only reason to learn your Credit Score is to prepare you to buy something on credit—that is, by borrowing money. In the process of learning your credit score you unwittingly give the predators the latest information about your personal identity, social security numbers, income, purchases, etcetera.
You would hesitate to give this information to your best friend, but like the intellectually deficient human that you are you give this info to an unknown group who use it to fine tune the information they already have about you.
This is like telling the enemy where and what is your most vulnerable defense. Only complete idiots give out this information.
THE RELIGIOUS CONNECTION
Every religion in the world condemns lending as a vicious sin. Only the Hebrew religion permits lending—not to fellow Hebrews—but only to Non-Hebrews. When this law was written in the Torah it was written three thousand years ago.
In the ISLAMIC religion, lending for interest is strictly forbidden. However since businesses require capital in order to engage in commerce, that bank enters into an agreement with the business as an investor, not a lender, and the use of the capital is evaluated in terms of gain or loss and the bank shares in the business.
This is a complicated way of avoiding the prohibition of usury but it works.
All other religions prohibit lending on the basis that lending is a form of robbery, where an asset is lent for use, but then must be returned intact plus the robbed money which is called “Interest.”
Why would a friend of the same religion demand payment for the use of something that he is not using?
We are seeing the horrendous results of borrowing across the world.
Because the Europeans wanted to live like royalty, far beyond their means, they borrowed money from banks and other investors. Today most of them are on the verge of bankruptcy.
The USA, another greedy country governed by immoral, irresponsible crooks, convinced their illiterate and unsuspecting voters to allow them to borrow trillions of dollars, most of which went to the politicians and their friends.
Today, the US Government is faced with bankruptcy or total fraud wherein the Government will debase their currency to pay off trillions of dollars of debt with what is in essence: Toilet Paper. When that happens inflation will destroy the economy of the USA.
Borrowing and lending is immoral according to all religions and all great thinkers.
People who borrow are either dimwitted or ignorant. People who lend are either immoral or criminal.
The world is at the point of economic disaster, because it permitted and participated in vast insane blowing and lending schemes.