"Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him."
It appears that people running payday loan businesses (according to The Bible) "shall surely die". It would be pretty neat if the Government just stopped this legitimised loan sharking instead. Death is probably a bit of overkill?
Interest rates at the Bank of England are 0.5%. It used to be a rule of thumb that bank loans were 3% over base rate. That is reasonable. I have ALWAYS thought that Credit Cards are a form of usury and look at the trouble DEBT is causing now.
If only people understood how money actually works.
www.positivemoney.org
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