December 4, 2013
The Rothschild owned Economist Group’s news publication has commented on a plan to impose a sliding rule for interest.
Charging interest to a friend who has lost his job is wrong; charging interest to a businessman is fair enough http://t.co/CLWJZtzfgP
— The Economist (@EconBizFin) December 4, 2013
So embarrassing to the bankster debt system are “payday loans,” Britain’s finance minister, George Osborne, has announced plans to instruct the Financial Conduct Authority to regulate the predatory practice.
The Economist notes that attempting to collect interest on an unproductive loan is an attempt to “gather harvest from a barren land.”
Barren, of course, is open to interpretation.
In the United States, the government is still in the business of lending a helping hand to “private-loan providers” (you know, the same bankster vultures who are too big to fail), financial institutions that squeeze no interest limit loans out of students who can’t find work thanks to the engineered 2008 economic depression.
In fact, student loans are a bankster’s best friend. It is virtually impossible to dismiss them through bankruptcy and they follow former students around like the walking dead throughout their entire lives.
It is sort of ironic that The Economist, owned and operated by the banking elite, cites religious writers such as Hilaire Belloc to make the case against usury and payday loans.
After all, the entire bankster system thrives off debt.