Foundation for European & Christian Heritage
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Usury

The ancient prohibition and the modern debt economy

Usury is condemned in the Bible. Usury, in simple terms, is profiting on a loan.

In the U.S. banking system, most money is created when banks make loans. This means new money enters the economy as debt, and that debt must be paid back with interest. But only the original loan amount is created—not the extra money needed to pay the interest. Because of this, the system depends on people constantly taking out new loans just to keep up.

When the paper dollars are not tied to the Gold Standard, and the government prints millions of dollars each year, inflation is inevitable and harsh. As White Men, we cannot allow the government to continue this practice, because it destroys the working man’s ability to create a family.

Clearly, government printing of money correlates with ‘inflation’.

References

  1. Purchasing Power of the U.S. Dollar — 100 Year Declining Value