CHICAGO RUNS OUT OF OTHER PEOPLE'S MONEY

I think I have a solution.

Any state that can no longer pay its bills can petition the federal government for relief. The government will take on however much debt the state asks it to do, but in return, they lose their status as a state and become a territory again. They don't get to vote in presidential elections and their representatives in congress lose their ability to participate in votes. Their status as a state will be returned once they have paid off the debt assigned to the treasury with interest above and beyond the inflation rate.

This ensures that the madness of the leftists can no longer take hold in DC, as they inevitably bankrupt themselves whenever they take power.

Just wait for when EBT runs out

Stopped reading there.

Cannibalism in Chicago when?

As long as the practice of usury is in place, the Central Bankers had planned exactly what you suggested from the beginning. Take away state's rights through debt.

Given enough time, the practice of usury bankrupts everyone. Leftists go first because they are children, and are incapable of thinking long term, of not giving money to buyu votes to make up for their failed ideas, and for bringing in foreigners to vote for the debt money they steal from future generations of whites. But conservative states go bankrupt eventually as well, just much slower.

It's called Cloward-Piven, shlomo.

So glad I left my home state 5 years back. I live in Indiana now. Also fuck off Illicucks, we're full. Go to Iowa.

I almost forgot about that story.

Are you some sort of masochist? Do you get off to shit being fucked?

Are you a kike?

Nope..
1st was Puerto Rico
2nd is IL
3rd is CT

zerohedge.com/news/2017-05-26/connecticut-credit-risk-soars-record-high-tax-receipts-tumble

zerohedge.com/news/2017-05-10/connecticut-state-capital-prepares-bankruptcy-amid-collapse-hedge-fund-revenue

There are still a few more states ahead of CA in in the "totally fucked" category.. all solid Blue states.. pure coincidence

What would happen if Chiraq became it's own city state,where Chiraq's bullshit would only affect that dump?

And when everyone's bankrupt…no one will be.

I feel sorry of Illinois' citizens (Chicago excluded of-course). Most of Illinois is actually rural as fuck, many of it's citizens farmers and ranchers. It would be a Republican state and actually quite solvent too …if it were not for the one massive parasite that sucked the blood out from the entire state: Chicago.

This is what has me worried, is all the big cities are like an early cancer diagnosis to all the states we live in. They are malignant. If they keep getting bigger and bigger, all the commies and socialists flock to positions of power, takeover, leach off taxpayers all over the state, reallocate money for massive free gibs and ever growing governmental bureaucracy…. until the State is taxed to their eyeballs and they can no longer afford anything anymore. Then the parasitic leeches and their minions bankrupt the entire State and try to pin blame on everyone else.

Scary and sad.

If liberalism/communism is considered cancer then big cities are the lump.

I don't worry for those people. Those types of people don't need government. They would actually be better off if government was cut back drastically.
They just have to figure out how to limit their tax liability so The State can't reach to far in to their pockets.

The ones who will feel it the most are the dindu's in chicago then the Boomers who live in the suburbs and are totally dependent on debt. They will get hit hard when their property value collapses and they become trapped in a home they are upside in.

You forgot how they flee their state to the surrounding states to continue their bullshit.

The only problem with that solution is the powers that be can easily bankrupt other states the same manner they bankrupted Illinois. And what happens in the long term? States rights would inevitably be null and void, as well as YOUR right to vote too. Perhaps not right away, but certainly down the road. Then you have one big parasitic class that rules the entire nation and it's game over. The kikes like Soros will be there standing ontop of the rubble they have concurred.

I don't feel a bit of remorse for the dindu's in the inner cities, but I do feel bad for those in the suburbs who have worked hard all their life when they see their pensions / retirement plans go poof!

I know Chicago is the cancer that has been killing off the entire state.

In fact, there should be some new amendments added to the law books when it comes to cities: they can't leach off taxpayers beyond city limits. That would help curb this whole problem.

I would say cities should be removed in terms of tax revenue and administration from the regions they are a part of.
They have a tendency to distort politics and as you pointed out leech tax revenue.

That way a city must be self financing and can't use its size to distort regional politics.

If you want to get rid of some of the Parasites that are Illegal Migrants, then you'll need to ransom the cities.

The LA mayor threatened LA style riots, if there was a crack down on the wetbacks. LA County has at least 1 million wetbacks. The LA mayor also implied that much of the police force was a wetback.

If you want to deport 1 million wetbacks in a month, then you haul a nuke into the city and threaten to set it off if 1 million wetbacks are not turned in for deportation.

NIGGERS
NIGGERS
KIKES THAT LOVE NIGGERS

I'm starting to notice a pattern.

So we become slaves to the jew and give up all of our right. Go away shekelburg goldstein

bump

This from the state that leads the nation in number of politicians behind bars. Color me surprised.

The worst case scenario you're describing has already happened. The entire concept of states rights died with the Confederacy, and the electoral map near any city is holocaust terrain, especially during the primaries.

On the third hand all of them are yanks and their inner city dindus are the prize they got for winning the civil war.

enough of this retarded meme
usury has a legal definition, and it isn't 'any rate of interest'
money is loaned at interest or not at all
money loaned at no interest is, for all intents and purposes, free

You've got some chutzpah for a kike.

Sounds like that would be the opposite of what makes sense. The one with the LEAST justice for corruption would fall first. If they have the most behind bars, you'd think that they'd be the least corrupt.

ok, lmk who is loaning money at 0% interest. I'll be waiting.

I am, but only for collateral backed shit E.g. a home, farm, etc.

t. kikegoldbergenblat

not an argument

Just wait until this happens with social security (a government sanctioned ponzi-scheme that cannot be supported by the US's own population growth rate), oh boy, that'll be a fun year.

(((Humanitarian groups))) will show up out of the woodwork if things ever get that bad.

So essentially Detroit?

I wasn't responding to an argument. I don't feel obligated to make one myself.

Unless you know the other party personally, and are making the loan as a personal favor, then you are an idiot. You are loosing money due to inflation. And collateral doesn't eliminate risk either. So long term you are basically ruined. Unless you never need that money back, which is what I said to begin with.

"The mobs of great cities add just so much to the support of pure government, as sores do to the strength of the human body. It is the manners and spirit of a people which preserve a republic in vigour. A degeneracy in these is a canker which soon eats to the heart of its laws and constitution." - Thoma Jefferson, Notes on the State of Virginia, Query XIX, 1782

No one on Earth would give out loans without usury or else it's a guaranteed loss.

Try so much fucking harder, shill.

Haha, yeah, the international Jew forced Illinois to spend more on gibs than they took in from taxes for decades. Surely it had nothing to do with their liberal politicians.

You people are fucking worthless.

The question is

How much will this costs to USA as a whole?

Also, i'm thinking, would you prefer to bee poorer in echange for not having so many economic migrants in there?

And I wonder (((who))) funded these politicians? Politicians such as former IDF soldier (((Rahm Emanuel)))? You kikes got a lot of nerve to come in here and preach this shit when the thread is literally about how your bullshit financial sophistry ruined the state.

You want to know how we know you're a kike shill? Too bad; we're not telling. But you've outed yourself as one plain as day. Reported.

We would be richer if we had less economic migrants. There's nothing to suggest that importing third worlders benefits anyone but the owners of massive companies.

Buddy you're an idiot for your naive thinking on kikes, but the sad fact is that since the Governor is
Republican, lefties will think this is a victory for them since they'll blame it on "the right wing".

No, because politicians only go to jail when another one stabs them in the back.

Usury is excessive interest that's impossible to pay back or otherwise unreasonable. But basically correct otherwise.

>zerohedge.com
sage

How about ZERO migrants? Get with the fucking program

no actually that money is not free money
the government can come and take that money from you themselves, whether by taking your house from you or taking everything they own from you if you don't give the money back, right?

Upon first glance this might appear to be logical, but it really shows your naivete in the realm of american justice.
When there are few politicians in jail it only means the crimes don't get published or prosecuted.
In a dirty politics town like Chigetto they're all guilty of something and helping to cause an indictment of your opponent is how they play the game.
In most civilized places the guilty politicians just disappear from the scene and in most cases get to keep the loot.

lmao just look what happens when you put "chicago" into google news search.

It truly is hell on earf.

You do realize that the interest rate has been sitting at ZERO for the better part of a decade, right?

And there is literally nothing wrong with subjecting liberals to slavery. Which this isn't. It's just taking away their right to influence national elections because they are irresponsible.

They can blame it on anyone they like, but the fact is they won't be voting anymore. This is a legitimate method of stripping away dozens of electoral votes from nigger infested liberal shitholes.

There's a bunch of Sharia banks that do flat fee lending.

Bump and reported because you're the worst paid shill I've ever seen.

You do realize that we're not even remotely discussing what you're shitposting about, right?
And that's why you're reported.

Yes, and guns are good when we have them. Beheadings are good when it is liberals getting beheaded.

Everything in the world that is bad is good when it is done to the enemies of civilization.

If you can't understand that, then I will be happy to force the lesson into your brain with a bullet.

In english please.

So you pay the interest up front, but they don't call it interest. Classic islamic pedantry and rules-lawyering. Not surprised in the slightest.

Give Chicago more money

Problem solved

Dems hate states' rights and representation; they'd make it their goal to push every state they could into debt and have the entire country become territories controlled from the Federal government

Hahaha, you really don't get it. The ONLY states that are having these problems are LIBERAL states.

The only people who are complaining about this are godless fucking communists pretending to be natsocs.

They absolutely would. They sort-of do that now, where they take money from the states, and then give it back with strings attached. They use that money to force all kinda of things, like speed limits on highways and stuff. Basically bypassing the state's authority.

If the Feds wanted to push debt onto states then they could easily, without elected officials' say; simply through preexisting bureaucracy and adjustment of budgets. Most of that bureaucracy leans democrat

Prove anything he said incorrect.

You've changed your argument. "When we do it" is not the same as "the enemies of civilization." They're not the same concept. You seem to have an extreme deficiency in your understanding of language. The former is subjective. The latter is objective. That they align when we are the ones speaking IS IRRELEVANT TO THE MESSAGE CONVEYED THEREBY, as the message is different for each phrase.

Usury is never acceptable, and your false dichotomy claiming that it is necessary outs you as a shill.

You should propably find some other place to make your home you fucking faggots.
Usury is not natsoc.

Shut up, idiot. You can't magically force the states to take on debt. They only take on debt when they spend more than they take in. The Feds can't "adjust" state budgets.

I'll say it again, YOU PEOPLE ARE FUCKING WORTHLESS.

All transfer of money is usury. If the money is to be paid back with no interest, then it is usury with the interest rate set to zero (ie what the kikes have been doing for the last ten years). If the money is not to be paid back at all, then the interest rate is deeply negative. Kikes would LOVE this.

But what kikes hate, what they REALLY hate, is the acknowledgement of the fact that money has value. The hateboner for that fact in this thread makes me think you are all either retards or kikes yourselves. Either way, I don't want anything more to do with you.

CT is just like jew york in that it does have a lot of niggers, but since libshits live there all the niggers are segregated to a select few cities/neighborhoods. Which is going to be very fucking interesting because the kikes started shipping the niggers out of their segregated areas in new york. I used to live on long island and 15 years ago you could go a month without seeing a single nigger unless you went near the nigger areas. But since then.. I went back to visit some people about a year ago. HOLY SHIT there were niggers all over the fucking place, and a higher ratio of spics than even in florida. Talked to a bunch of people everyone but the insane marxists are doign everything in their power to get the fuck out. Every communist state is soon going to be another example that communism does not work.

That's easy.

They wouldn't be able to use the federal level of politics to influence the policies of other states, if the situation they put themselves in would block them from the federal level altogether.

All in all, I of course would prefer a solution that doesn't involve additional financial convolution with interest paiments, in fact I'd prefer it places like Chicago and Sanfran were to simply and rightfully lose their creditworthiness and state-issued payouts within these cities were to become impossible, even if courts rule otherwise, simply because there is no money to put to that use. That is to say, I'd prefer it if those cities burned down completely and became uninhabitable, even to the wealthy urbanites. But we all know that that isn't something that (((someone))) is going to allow to happen.

Flat fee lending and interest are not the same thing, no matter how much you want to pretend they are.

you really don't understand how EPA deals with state DEPs? Or fed DOTs with State DOTs? there's a bunch of organizations that exist at the federal level that deal with state organizations, they could make them tank if they wanted to

You do not know what the word 'usury' means. Do not post again on the concept until you do. Fuck off, dipshit.

Civil War proved you wrong. The 10th amendment doesn't exist anymore. You know absolutely fucking nothing.

Maybe they need to take a lesson from the sim game.

Man, the shills really managed to derail this one. Maybe there's some Chicago politician they don't want us looking into?

ebin

there is no practical difference mohammed

This is why you live to the utmost of your means, but not a cent beyond. Welfare only ever works when it incentivises and enables people to work, it's at it's best designed to eradicate it's own need. When welfare becomes the means to the end of more welfare, it's a budget black hole. Money goes in, and never comes out.

As an addendum to that, usually if you pay back a loan sooner than agreed, you pay less total fees (i.e. interest). If you payed all fees upfront, I doubt you get a portion of that back if you ended up needing the loan for less time than expected.

Any negative mention of Chicago must be attacked, too much truth might escape.

California has too many white enclaves for it to fail. Leave the cities and it's pretty much all red.

Quite a feat hitting rock bottom before Detroit/Michigan. Well done.

No. Usury is if there is interest. More specifically, it is interest which can be applied to interest, or interest where the interest charge exceeds the actual value of the loan. I.e. you borrow 10k and wind up having to pay 20,001 to satisfy the loan.

For instance, you take out a mortgage for a 100k house. the interest rate is 5.31% your monthly payment is $556, which amounts to $6672 after 1 year but after that one year the value of the amount owed has only reduced by $1362, to which 5.31% interest is added, which brings the new value of the loan after a year to 103875.68, with the amount you pay being the same as the year before so the balance is now $97203.68. By the time you pay it off you would have paid $200,133. interest is calculated per month but I used yearly balances for simplicity

THAT is usury. Giving an amount of money as a loan and expecting compensation for it is the same as trading wheat for fish. Fish is worth more than the wheat so the amount of fish you get for a barrel of wheat is not comparable in size. i.e. the fish was more difficult to acquire than the wheat so the fishmonger received a larger portion.

Money is the same thing, $100,000 is not the easiest to acquire, if you give someone that amount of money with the understanding that it is a loan and not a gift, and the $500 or so a month the guy gives you to pay you back is much easier to attain it is not usury to expect several extra portions of the $500 payment.

Demanding so many extra $500 payments that the amount you receive far outweighs the value of the loan taker receiver that amount of money up front, that's what usury is.

Saying "if you give someone a loan and take a penny more from the guy in repayment you are committing usury" is commie talk.

Time to stock up on ammo. As soon as Chicago goes belly up, the south side WILL empty into Indiana. I pray that other patriots stand in defense with me.

So kind of what they have dopne playing games with student loans. Forcing folks into default then claiming interest payments and garnishments for life, knowing full well the amount they take with the penalties etc. just force the running total to increase rather than reduce.

C'mon now, it's not like Indiana has anything to offer. The beasts will just trample anything in their path as they move further on to better gibs.

Just stay out of the way of the herds.

If they had won the election all the deep blue shitholes would be lining up for federal bailouts from granny clinton.

I had to live there for a while. I dont think it will go like that. As soon as it goes bankrupt and the ebt payments stop. The first thing that will happen is the niggers will destroy their own neighborhoods. After about 2-3 days when niggers start going hungry they never have nearly as much as a weeks food stored in their crack dens, 5 days tops and most of them will be out or running out of food by the first day They will loot and pillage the near by convenience stores and markets. But only the strongest and fastest niggers will get the food, many of them will be killing the niggers leaving the store with food in their hands. From there they will start going to the outlying suburbs. Which are setup to be to get fucking devastated in such a chimpout. All of the suburbs are extremely proximate to the city. They can also jump on a train heading north, as a 10 minute train ride will bring them to the beginning of some of the richer suburbs.

This is going to be one fucking hell of a show lads.

You really don't understand the meaning of that word
Usury in simple terms is the loaning of money for profit. When a friend loans you $20 til payday he does not expect a profit, that's not usury. When you ask the loan shark for $20 til payday and he demands that you pay back $30, that is usury.
Get the picture?

nothing brings out the commies and retards like talking about money

They want to talk about anything but the thread topic. Transparent.

Illinois fell because of public workers milking the shit out of the pension system..

I see the state taking down the suburban power grid before stopping EBT.

This is all because Drumpf used all the money to buy two scoops of ice cream. :^)

I'm sure that's not the only reason, but I agree that it is a major contributor to the problem. CA is facing the same shit.

checked

False. It is extremely easy to acquire because banks create money from nothing when they issue new loans.

Any interest on loans is usury. You are using the Jewish redefinition of the word.

sure thing uncle schlomo

you have no actual idea how a loan works in real life, do you?

That's only part of it. Some of the pension systems are set up to pay your survivors for their life as well. The system is guaranteed to break even if the pensioners die off in many cases.

Further, they set up such a system in places where you only needed to put in so many years then you could hop over to another place also with a pension and dip into that one.

My father was a WW2 vet and he had 3 pensions from the feds because he worked army-air corps, federal navy firefighter, and state water commissioner. He got his pension from the military very young, he got the firefighter pension after a few years then he picked up the water commissioner job under retirtement age. Think about how many decades he was able to drain the system while putting in more time to drain the system.

Now that is just ONE industrious potato nigger taking advantage of the system. Imagine the rest along with those bullshit decedent clauses and you can really get a picture of why the shit failed.

Greedy fucks taking advantage rather than "spreading the wealth" and being content making a ton off a single pension. They took a reward for service and turned it into an entitlement.

Yup. It would be even worse than it is but laws in place limit just how much usury they can apply. and then there is the way they actually structure loans. I should have included this part.. On that 100k loan with the 5.31% interest and the 556/month payment, for the first several years worth of the life of the loan almost the entirety of the monthly payment goes to the interest. Out of the $556/month only somewhere around $100 will go towards the actual repayment of the loan. The majority of the interest charges that would be applied over the life of this loan are precalculated and front loaded. So after 3 years of paying the mortgage, you have paid $20,016, but the balance of the actual loan does not reduce at the same rate that I showed in my example I should have made the example include this Im not sure off hand how the actual ratio of monthly payments applied to interest/principle but for the first several dozen monthly payments only 1/6 of it goes to principle. In this way you are paying $70 for $10 worth of value.

Chicago should be its own Jewish state. People of Chicago have chosen to governed by Jews.

That "limit"is the poverty limit actually. They can take up to that amount. If that is not enough to cover admin/servicing/fuck your mother, well bummer, no principal reduction for you.

Indiana has a cheaper cost of living, extremely lax gun laws, a state with a $2 billion dollar surplus, and cheaper cigarettes and booze. Towns right up against the IL/IN border will get hit. Chicago's south suburbs are not much better than the inner city south side.

Then nice folks from Chiacgo who can afford to move, will move to IN and WI. We already see people coming here in droves. And the vast majority of them STILL insist on voting Democrat. Please don't turn my based red state blue. Chicago is a cancer.

Why the fuck would we buy them another state we have to pay to maintain?

Advertising is a part of kikery.
Capitalism is good, but not when it's controlled and corrupted by kikes to ruin everything.

Our country was at it's peak when we imported tons of Western and Central Europeans.

I would like to propose an experiment for science
How about we ship all the fucking kikes out of the country and watch it prosper? 50 years. Half a century of shitskins not fucking with the white man, and lets see where we are.

Neurotic kike rage is so easy to spot.

So basically Bane's plan, yes?

Someone needs to get copies of Sim City 4000 for Chicago's representatives.

rosenstein;

Checked.

...

This is the stupidest fucking thing I've seen all day, and perhaps all week.
Right, usury is defined as "unreasonably high interest." But do keep in mind, Chaim, two things:
1) With interest, you can take on large payments or small payments. Small payments mean a longer lien, and often higher interest rates, but only by fractions of a percent. However, that stacks tremendously over time. So say you buy a house and finance it with a bank. A fixed rate loan of 5.75% over 40 years on a $160,000 house leaves you with payments under $800 per month, but at the end of your lien, you will have payed over $315,000 in total.

Do explain how this isn't excessive or wrong.

2) Interest means that you are creating wealth from nothing. No goods are produced, no labor expended, yet now there is suddenly money in your pocket and the pocket of others. This isn't fair nor conducive to a healthy market.
There is no fucking risk to loaning money anymore. Once you've signed a document, you're on the hook. Despite whatever meme you learned in high school economics class, people cant just drop off the face of the earth and avoid their debts. There are dozens of corporations that make a living off of keeping track of people who are in debt. You don't get out of it, even in death.

5/10 bait for making me reply

You're getting subject matters confused. No it didn't.

Why not a 50 year at 6.75% or 60 year at 8%?
So I was right, but you came up with some retarded scenario that's so far outside the norm that it's laughable, so I was *actually* wrong.

Now I know who thought it was a good idea to write all those subprime loans before 2007. Geniuses like you.

So basically it costs enough to try to get people to pay back their loans that there's an entire industry built around it. And this is supposed to prove that loans are risk-free and should be interest free? This is evidence in favor of *my* argument! Honestly mate you sounds like you might be mildly retarded.

Look at the lists of states by financial solvency. Democrats sure know how to run em, lol!

Good point.

Detroit's problem is that the city is enormous compared to the population. It's just unkempt from there being no money to upkeep where no one lives.

So it's impossible to lose money as a loaner when you don't charge interest?
So what happens if a single person defaults and doesn't pay off their loan? Who is going to cover the loss?

What is "unreasonable?" Banks are going to charge enough where if a whole lot of them default they still make money so that if only few default they make a whole lot of money. The amount they have to charge for that to be the case is always going to be too much to be reasonable on an Average Joe.

July 1st is going to be a hell of a Chicago Police Scanner Night

If the house is worth $600,000 after the 30 year period. Mortgages aren't the best example of usury. Lending in the US is already beyond obscene with payday loan schemes. If you give Jews the ability to legally rob you, then they will. You can feel good about yourself by not engaging in such practices. Yet, by doing so, they gain an economic advantage over you.

Source, please

I doubt hell is bankrupt.

Get me on their city council (or someone who follows the greentext below) or into their mayor's office and I promise you, in four years, you already parts of these unkept districts kept, renovated and soon inhabited by people that bring in money, or put to use to create businesses to attract people that bring in money.

Granted, you plummet the city further into debt, but it's not like there was an escape from that for Detroit. Plus, if they think you're a kike, they give you a favourable interest and even roll over the debt the city has already accumulated.

Most states in the US have laws against usury. They've picked a number. Rates are, and have been, way below those limits. No, they aren't too much for the average joe. Housing prices were ridiculous leading up to 2007, and wages have been pretty stagnant, but 30yr rates are still near historic lows.

can someone explain to me why Chicago's murder epidemic with niggers is a bad thing?

If you went to blockbuster, rented a movie and brought it back after watching it and blockbuster charged you nothing for it you got to watch the movie for free. You're going to have to accept that there are only a few different ways borrowing large sums of money can work, and that out of all of them a fixed interest rate is the most ethical. Keep in mind that realistically your average person should never need to borrow ANY amount from a bank, and that there was a time when people with average jobs could buy a house outright with money they had saved themselves. Also no system is going to work sustainably as long as banks can print their own money.
Because people decided they wanted the government to provide depositors insurance all banks accounts regardless of what risk they were engaged in. Obviously you can't have insurance provided equally regardless of what the risk is because it rewards bad behavior.

Are you a newfag? The very point of such Jewish sob stories is that they cannot be investigated - because they didn't happen in the first place. Any and every Jew (or pseudo-Jew) can pull some half-assed story out of his ass, secure in the knowledge nobody will AND CAN check.

Your nose is showing.

...

Set your phone background or computer background to some sort of star of david design and place two plain metal tops on your desk that are similar to a dreidel.

I live in rural Illinois, have for all my life.
This isn't the first time this has happened, and they usually solve this problem by raising taxes on something or another to kick the can down the road another five years before the state is insolvent again.

I remember when I was out of high school - all the farms around my family's community were owned by a man of modern gentry class who bought up any scrap of land he could and used its bounty to support, usually, a very large family with very large potential. Then they raised taxes higher. And those little scraps of land stopped being bought up. Then they got higher, and they added higher death and property taxes, so his inheritors had to sell off part of his estate to pay the bills. It's like that in the larger towns closer to the city, too. Main streets have a lot of "FOR SALE" signs on their business districts. Strip malls are depopulated, some only having one surviving store in them, usually a food joint. Houses stay "FOR SALE" for years on end. Half-completed construction litters three towns I drive by to go to work.

Illinois's effective tax rate is well over 50% and new and improved fees crop up monthly. Nobody has spending money - A fucking Portillo's went out of business near me (This is a thing that simply does not happen in Chicagoland). The only transactions that occur in Illinois are buying the weekly groceries. It's not even a socialist state, because we don't receive anything in terms of governmental quality of life improvements for being skinned. It's a feudal state - those farms are now owned by megacorporations, strip malls are either empty or converted to a supermarket which sells food and clothes.

It isn't so long as it keeps killing niggers.

how has Atlanta avoided shit like this if it is so niggered?

All interest on loans is a scam, and this screencap proves why.

This is tragic. What is terrifying is that Illinois is far from unique. I fucking hate kikes and kike enablers so goddamn much.

Illinois has imported so many fucking mud people. As a suburbanite, just going to many stores in places that used to be really white are filled with a bunch of melanin enriched apes all gabbing in their stupid mud languages. Just about all these people barely know enough english to get by. I'm moving the hell out of this shit hole asap.

The niggers tend to stay out of office down there. They also have somewhat of an image to maintain what with being one of the busiest airports in the world.

I thought loans with interest was usury.

Not to mention Atlanta doesn't have the reputation of Chiraq yet. Californication and mass immigration continues year by year, and they bring their shit coffee shops and weird "art" with them. Atlanta is also a major movie spot nowadays I think, can't let the propaganda machine fall so easy right?

As an Illinoisan,

FUCKING NUKE CHICAGO!!!
Maybe bomb East St. Louis.

Without those places, Illinois would be the reddest state ever.

Chicongo rolls off the tongue better.

That screenshot proves nothing except some user's opinions on Sumerian banking. 90% of it has no relevance to modern times, unless you think we are all illiterate peasant farmers, or that someone is going to withdraw all the dollars from circulation, or other such drivel.

I like it, it's like Hongcouver. Any more nergrotropolis nicknames?

Juden pls
It's simple. The point of usury is notto get more money back from loaning it out, it's to legally steal homes, farms and livlihoods and human life itself. It's to trick people out of their wealth. It's to own the country one sliver at a time, and then when you own it all, sell it to foreigners and then rinse and repeat.

There sure are a lot of IL (D) politicians in prison though. Shitcago truly is the most corrupt city and worst they had such a literal kike for a mayor that he went and joined the israeli military over America's. Traitors, all of em.

My fellow Chicagoans, lets not remember Chicago for its fall, but lets remember it for it's brighter days.

That right there is a huge problem. Same thing is happening everywhere decent. cucks from libshit states are fleeing the results of their idiocy, but they havent learned a fucking thing and will continue to be fucking morons.

You can do that with Detroit and LA and countless other enriched cities too but it'd only make you more depressed.

That was my point. If you can't charge interest then you are guaranteed to lose money and no one would ever loan.

As someone pointed out, even though the the percentage looks small by the time your loan is up you will have paid more than 50% it's value just because compounding interest is a killer.

It has everything to do with modern times. Banking (at least with gold and silver because you can't grow raw materials) has always been a reverse ponzi scheme. Reverse insofar that every market participant is forced to engage in a ponzi scheme of his own under threat of starvation, and the banks always have the choice of 'not falling for it' by simply not granting you a loan. You borrow money at interest, that's where it comes from. So unless you or someone else borrows a higher sum of money (also at interest), and you fight tooth and nail to take from him all the money you need to pay your debt and interest back, you have no hope of ever paying it back. Yet if you can't pay it back, the (((lender))) is legally entitled to taking possession of your property. And this happened again and again and again. The Sumerian Swindle is only the tip of the iceberg, this has killed empire after empire.

Are you fucking insane?

I have no idea where to begin with this. Banks don't loan in silver and gold anymore. No one takes out loans because they are starving, wtf? No hope of paying loans back? People pay loans back everyday.
This sounds like you watched some videos on the federal reserve and central banking, which maybe were correct, but you were high the whole time, so who knows.
You actually need to understand this stuff. It's important. Rewatch those videos (or maybe find better ones), but this time pay attention and skip the weed.

Interest itself isn't a scam, money now is worth more than the same amount of money later. If it begins to inflate, you have the option to spend it. If it begins to deflate, you can save it. But it's there as an option to use. That same money promised back to you in 30 years is worth less. As you can't spend it if it begins to inflate, and you have no option to utilize it. If it deflates, it would have deflated while you held it anyway.

The scam is the deception of compound interest. If I give you a 10,000 loan at 5% interest, that means you should pay 10,500 for it. Instead, it's subjected to the jewish magic of constantly having that interest applied at set intervals so you end up paying like 19,000 which is actually 90% interest, if you pay as advertised.

If the banks want to compound the interest every month, they should only legally be allowed to advertise 1 month term loans, that are open to refinancing every month for X years. Or they should be forced to advertise loans at 90% interest, or whatever ungodly amount they actually charge.

That is exactly what happens in every socialist state. You think venezuela is an accident? Cuba is a shithole because of those mean yanquis? The soviet union was a shithole because of western imperialism?

It will encourage self sufficiency, I hope the government of that state fails, the more the government fails the less loyalty the average person will have towards it. Its a net positive for us.

Society is an illusion, you are literally suicidal if you aren't self-sustainable or working towards it.

if you are a nut bag like me, pay weekly and large amounts, live off eggs from you chickens and shit that cost nearly 0.

you smash the interest for that month in the first 2 weeks and the last 2 weeks hits the principle.

the fucking bank hates me. nearly paid off a 30 year loan in 7.

also, this far in the repayments, the first week more than covers the interest for the month, the 3.5 weeks are smashing the princable I will stop when the repayments are less then 30 $ a month, thus dodging the extra "fine" they love to lay on you when you pay it off to fast. also you cannot get a better long term/interest ratio then a home loan if I choose to in the future instead of taking out another loan I will dip into this one again. but I doubt that will happen I only pay for things with cash/debit I never use credit etc.

Trying to explain to normalfags, can anyone double check to make sure I got the dumbed down version right?
Public schools lose a lot of funding, as does any other public service. Roads will continue to be shit and become shittier. No more lottery. What happens to housing, both current owners and prospective?

Keyword Europeans
Shitskins aren't worth shit, except for some Aryan pajeets

Iraqis are not the problem in Chicago. Niggers are.

Interest being specified as above inflation rates isn't usury. It's just ensuring that you are actually paid back what you are owed.

(Checked)
This.

NYC is kikeland

bump

Why can't we selectively breed out the non-white genes? Most of India and Arab land was land of the Europeans until the non-whites invaded.

If the Direwolf can be revived, then so can their whiteness.

www.direwolfproject.com

Has more to do with the body count than the ethnicity. You're probably too young to remember.

By Jove, modern architecture wins the single worst abomination of our time. I work in an area of my city where 85% of the buildings were built before 1900. Doric columns everywhere! Truly the white man's triumph.

I remember during the election looking up the demographics and budgets of some counties. And it was astounding how wherever there was a lot of spending per capita on single motherhood, drug treatment, and other such social programs, there was also very poor spending per elderly capita on the programs you would expect used by them. I know people here like to shit on the older generations, but it showed starkly what happens when you have a lot of the ghetto demographic in your county, and who ends up paying the price. It's what we can expect in our future when hyperinflation eliminates most everyone's stored wealth and our society abandons the elderly useless eaters like happened when the USSR collapsed.

GREAT so we have selection pressure for the strongest and fastest niggers and we'll end up with a bunch of gigganigger bosses to fight in the coming racewar

Bet the liberals will force a crash so they can say
>Elect US because Chicago never happened
Seriously, they don't care. Why would someone with a way out and plenty of cash care what happens to the niggers?

GILDED ERA

We all know that feel, user.

Usury sucks, and most early empires banned it, because it was/is inflationary. And here's how.

Lets take Ugic: he's your ordinary Assyrian guy just trying to get by in the empire. Let's say, since this is a bullshit hypothetical, that the government standardized and monopolized the agricultural business for the purposes of sovereignty and to tax the shit out of it. Food prices are high, basically all of a day's wages. Ugic needs food to live. His family needs food to live. He's a sharecropper, so he's paid in wages.

One day Ugic breaks his leg. That sucks. Pre-industrial farm life was rough.

Ugic goes to his local (((banker))) and begs for a loan so he can feed his family. The banker gives him a loan, but it has a high rate of interest since the banker knows someone like Ugic could drop dead any day, so he's a risk. Maybe the interest rate is low, because the banker's a nice guy and figures that interest rate makes a decent profit off of Ugic's future earnings. Doesn't matter, there's interest. All reasonable here. In a totally isolated little bubble Ugic and the (((banker))) are both normal people conducting a reasonable transaction.

Ugic knows that food prices increase regularly as capital accumulates in the empire and the food industry looks to extract more profits. So he takes his loan to the market and buys a boat load of food. Maybe several people in the market notice and ask Ugic how he was able to afford the food. Ugic tells them he went to the (((banker))) and got a loan.

Several more characters the go to the (((banker))) for loans too. Maybe they think the price increases of food over time will pay off the debt. Maybe they're just greedy bastards. Maybe they also have broken legs. Who knows. They get loans. Now there's a lot of additional capital in the food market, so the sellers raise prices. The bummer is that the new capital isn't actually from increased production, but increased debt. But the sellers don't know that. They are only interested in their profits.

Suddenly food is getting too expensive for many other sharecroppers. Some ask for raises. Their bosses have no profit motive to increase them, so they avoid doing so as much as possible. More people are pushed into loans to eat. These are people who would ordinarily avoid loans, but now have no choice but to take them to survive. Food prices continue to climb.

There comes a point where no one is able to pay off their debts. The rate of inflation has exceeded the rate of production. Maybe the empire resorts to monetary easing by reducing the amount of metal in its coinage. (((Bankers))) need to keep pace with this inflation to continue to make a profit, and so interest rates on loans continues to climb irrespective of the monetary policy.

This shit continues until everyone is broke and the empire dissolves because it can't support it's own military anymore.

People absolutely take loans to live. Have you seen how much medical bills can be? Start with one unpayable debt, and it multiplies into several over time because the rate of production, personal and societal, can't keep up with interest. Interest defeats itself because it takes production away from the future while simultaneously raising the cost of that production.

The only way interest works is if lending fuels greater future production than it consumes, but there's no way to guarantee this. And, if the lender makes a profit either way, they aren't motivated to care at all. "Virtuous credit cycles" are a nice bedtime story that bankers like to tell themselves. They have no reality, because there is no motivation on the part of creditors to make sure that the entity's profit they are consuming comes out better for the wear. It requires a level of long-term thinking that doesn't exist in reality. Inflation in general punishes savers and conservative lenders. You have to outrun the scummiest low-life lenders to maintain a profit edge, because they set the broader rate of inflation. And in the jungle, if you aren't lending, you're borrowing. Kill or be killed.

At some point you either have to forgive the debt (jews did this, they called it "jubilee") or you starve. The societies that had the worst abuses of usury depended on jubilees to break the cycle, but in many the lenders wouldn't relent until everything burned to the ground. And who gets hurt then? The actual producers, in either case.

They're going to move toward the city center because that's how they get the most attention to
demand gibs. It is all niggers know.

...

Unfortunately, that is the reality we live in. I've known people who worked for payday lenders that had people on the books being charged what amounted to 1200% interest. Examples concerning 5% interest on a mortgage pale in comparison. Seems a bit useless to argue over what qualifies as usury when theft is made legal.

There wouldn't be the necessary money to pay them back unless someone had loaned it first. Just because you aren't consciously aware of every loan ever issued, doesn't mean that the money created were never issued as loans. It just means that you refuse to acknowledge it.

Whatever business you work at, where do you think the money came from to found it? What do you think where the money comes from that this business makes for revenue? You think it just appeared or was issued by a national bank without debt or interest? Think again, it was all loaned. All of it. Every cent you make ws only ever borrowed into existence and someone has to pay it back with interest. Every cent you make comes from a loan taken out by someone else, and at some point you will take out a loan that will serve as the origin for some other people's income. The only people that win here are banks and the lawyers that help enforce their contracts.

You can keep that sustainability only if you have plenty people armed and trained in the perimeter. It will get raided when outnumbered, eventually. At least it´s a chance.

I don't. It's a safe bet hell is packed to the rafters with jews.

the federal reserve to other banks

Yeah, wasn't really talking about that. Pretty much the entire thread up until this point was talking about mortgages and the like. Not really talking about getting loans from the mafia either.

You seem to be confused about the difference between fraction reserve banking and debt. They're related, but not the same thing. You can have no banking whatsoever and still have debt. As soon as someone agrees to accept delayed payment for something, debt has been created. You don't even need currency for this to happen. Someone says they'll help you put up your fence if you help them rip out a stump. As long as only one side is done, one of you has a debt to the other. It's not some evil plot. It's how trade and civilization functions. Contracts and agreements.

Yeah, that's not available to anyone else, and soon not even to banks.

bump

Which was created out of thin air as debit/credit on the books.

All interest in usury.

Double dubs of truth.

no interest loans would work if you could get the government to enforce it
but then there wouldnt be any loan businesses, though there doesnt need to be any since the government can do it themselves, as private entities would have no incentive to give out loans to the common man… though they may give them to businesses

You have my sympathies from Queensland, Australia.

Aaaaand, here comes the
gigantic fucking nose
trying to claim that debt is necessary in order for growth.

It isn't.
The company I work for has never taken a loan from anyone. The owner started the business by earning a little nest egg (maybe $10k) savings at a regular job, and then moved into a van and ate a potato and a single egg every day for the better part of a year while he developed his product and built up enough of a customer base to afford to move back into a house.

Now he's lower upper-class and we're growing about 1% every month without ever having to take a single. fucking. loan.

Any given man can either produce enough worth to devote himself to a novel enterprise, or can do a business on the side while working for others to pay the bills, and grow the result into a self sustaining business without the least bit of debt.

Needing to go into debt to start a business means you're too impatient or stupid to do it the non-Jew way.

Gas yourself now.

It's never going to happen. What is going to happen is Illinoisans are going to migrate to Kenosha, Racine, and Lake Geneva and bring their shitty voting habits (along with their shitty driving) with them.

That is exactly what the Melbournians doing!

Anyone who thinks this is funny or a good thing needs to get their head on straight. While Chicongo is full of spics/niggers and no one should directly care about them, the issue is that there are plenty of white libfags and kikes in that area as well. And when IL tanks with no survivors, you know where they're going?

To other whiter and more conservative areas. They'll move there, and they'll continue with the same shitty voter patterns they always have. They'll turn states like Wisconsin, Iowa, and Indiana bluer as a result. They'll begin voting for the same pro-shitskin and socialist policies that ruined the IL in the first place. And they'll turn these other states into vibrant hell holes too.

Don't believe me? Look at the tale of California. Liberal whites have been fleeing that state in droves for like 20 years now. And they've been colonizing places like Nevada, Texas, Arizona, Colorado, Virginia, N. Carolina, etc and turning them bluer. Some of them are now solidly blue. And they're bringing their diversity and socialism with them. They're like LOCUSTS and when they ruined these previously solid-red states, they'll move on to the next. And over and over.

I think they were trying to claim that everything is debt. Either they watched one of those debt-based currency videos (and understood like 10% of it) or they're a commie (and there seem to be plenty of those in this thread).
But yes, you are right. People start business all the time with no debt.

Maybe that is what they wanted.

Kansas bruh. Cuckservatives will put their people in charge, openly sabotage everything, and walk away laughing.

Best scenario is the new york one, new york used to be a shithole too, then they elected giuliani, a hard nosed no nonsense republican, he cleaned new york up. Of course after he cleans it up they went straight back to libtard mayors.

Liberals ruin cities, republicans clean them up

Its malicious not ignorance. They see one project state already completely secure, so they move on to tip the scales further

Retards the lot of you. Rdgular interests rates, with affordable payments, are perfectly fine. They can work.

The shit end of the stick comes when saving money is impossible, and interests rates are extremely high.

Yeah…but its not 3000bc anymore. We can just ban payday advance loans

Or put them in prison and ban their practices

Don't know if it's been said yet, but the State of Illinois was recently kicked out of the Mega Millions and Powerball multi-state lottery because one of the requirements to be a part of it is actually having a budget.

Know a accountant worked for State of New Jersey. He told me never set up you life in any state with old cities, as most States were already bankrupt, they just borrow money to keep things going, but it can't last, This was 20 years ago. Cities used to provide jobs, now just a money hole. Go out west where there are not old cities if you are young and want to start your life.

The dumbfuck whom issued a bullshit loan. You lose your investment. No investments are guaranteed any return.

And for added funs. Local states and counties seeing an severe loss of taxable income from huge numbers of evicted 'owners' of homes due to default on loans can decide to issue eminent domain on the homes in question and re-issue such homes to the most interested party whom would best serve the local state or counties. Namely the home owner whom is defaulting on the loan.

Loans and interest on such are business transactions. You take your wins and losses. The state has no need to care about it, it is nothing but a tool. But the state has a vested interest in retaining a stable and prosperous population of citizens. Maybe those citizens cannot continue to service toxic debt loads, but can continue to serve the local thru their work and support of the body of the state. Seizing such lands and property from loan owners whom offer no redeeming value in their ownership and whom were clearly guilty of predatory and unscrupulous loan practices. Corporations are people after all, good for the goose, good for the gander.

Only if you live in the nigger areas on the south and west sides. The white neighborhoods are still fine, but even Lakeview and Wicker Park and some other white hoods are losing their shit over some recent spillover shootings. I'm from here so I'm biased with my affinity for the place… it's sad to see the destruction of a great metropolis built entirely by generations of European immigrants get taken down by legions of feral niggers and cucked liberal whites.

The cities serve an important task of congregating poor people. Or did, they're rapidly depopulating and dispersing their former denizens around nearby communities. That's why we're building cheap townhouses all over them now.

But most of the funding for Camden in particular comes from various grants that ultimately originate at the federal level, quite a bit being in the form of business incentives. Trenton is actually quite a bit more complicated and has a surprising amount of private money involved, I could explain it in more detail but it's not really relevant. I can't speak for the particulars of the other cities.
NJ's dead cities aren't really that big of a deal for the state financially. Again, they're part of larger funding chains that mostly originate at the federal level.

The state's issue is the pension and a good bit of corruption system, which should be exploding anytime now and actually the litigious aspects of that are really insane

nj.com/politics/index.ssf/2015/01/how_did_nj_get_into_this_pension_mess.html

Have the Government nationalize the banks, and use the money collected in interest to pay for the government without taxation.

That's not the jewish mafia's interpretation of capitalism.

...

This is one of those posts I like to call "Shapiro solutions." Well written, plausible on the surface, but once you think about the consequences becomes utterly insane and benefits the Jew.

Interest is always fucking retarded and it has been since its invention thousands of fucking years ago. The only reason is fucking exists is because of Jews, greed, and because everyone is too braindead to actually think of a way to get a return on a loan that isn't just slapping whatever charge you want on it.

For who? Banks? It certainly hasn't been sitting at fucking zero for anyone who would deserve it.

Leftist advance in a nutshell.

Gee, so I suppose in your proposed system interest-bearing loans are only given to nonwhites? No?

So leftists are all for forcing leftist states to comply with Federal immigration law? No? GTFO SRIDF. Leftists only oppose state-rights when it gets in the way of leftism.

...

You honestly don't understand the debt system at all, do you?

Ignoring for now the fact that variable interest rates exist, there's a world of difference. In case you are too dense to understand this, your first case is a constant. It doesn't change. The fee remains the same regardless of anything else. In your second case, the fee increases over time. I've even provided a handy graph. As you can see, these cases are very different.

Are you seriously telling me you believe that, in the real world, loans with interest are going to end up with a lower total repayment than a fixed-fee loan? Is that what you're seriously telling me? Have you ever visited Earth? Talked to anyone there?

The problem is that "loaning" is a misnomer. You can't loan money anymore than you can loan food. If you loan your friend your sandwich, he's going to eat it. Can he actually ever repay you the sandwich? No. At best he can give you something of "equivalent worth" which is not the same as giving back the sandwich (which would be a loan). You can loan a friend your car because he can return the car. Using the car is not synonymous with consuming it. You can't loan something whose entire function is to be consumed. Ergo, you can't loan money.

What you can do is invest money. You can, for example, give people money in exchange for their promise to repay you the money and extra.

Theoretically infinite. Don't be obtuse about this.

At its peak, not before. The migrants only came when our investments were paying off. Fuck all of you migration shills. No, I don't want to be replaced with Germans just because I like them better than Somalians.

Yeah, okay.

The difference is that you didn't consume the movie volume and was able to return precisely what was loaned to you. The only purpose of money is consumption, so you can never return what was "loaned" to you.

Fractional reserve banking is still banking. Whether you're the state borrowing from the fed or some normie getting a credit at a regular commercial bank, it's still a loan. You still owe it back with interest on top of it.

Please, no need to beat around the bush. Do elaborate, my truly enlightened friend. You sell someone an apple for $2, where do they come from? No, not the paycheck they got it from, where is it's origin? Where was it put first into circulation? Let me guess.

Why not just have Chicago rely on Chicago for taxes?

Because the examples I provided are ones that are offered to the general public. This is what would be offered to a first time buyer with a "good" credit rating. Real world examples

There's no justifiable reason to make a profit/create more money when no goods are made or labor expended. There can be fixed fees or contracts that leave collateral, but interest is a scheme that robs the people and puts money into the hands of kikes.

It's risk free or close to it because the money will be returned one way or another. There isn't a case of "Oh shit this money fell into a black hole and off the face of the Earth and Im completely out of it."

By the same merit, what if the house is worth less? I do get what you're saying though, it's just that I felt home buying was a good example of how people are essentially forced into this grand scheme. I've done well so far in my life and have never taken a loan, but one day I'll need to have a home of my own, and unless I get a killer job soon, I won't have $100K+ just lying around, and even if I did, I wouldn't want to be on the hook for $100K more because "lol interest."

user pls
Yes, we're all aware of that, but here we are now and here's what should be done now
On that we can agree. History, both modern and in antiquity, proves this true

Okay, fuck it, this has pissed me off enough that I'm writing a wall of text about interest.

No, it can't. Consumables cannot be loaned; they are consumed when used and it's their only function, and so it is impossible to give what was loaned back. You can loan someone your car or your house, but you can't loan money. You can't loan food. You can't loan firewood. "Loaning" money is a misnomer to pretend it is equivalent to actual loans.

It isn't, strictly speaking. It's the manner in which it's done. Interest obscures things and fucks things up. Under an interest system, what you are owed is purely mathematical; it isn't related to anything in the real-world. Why is this a problem? Because the ability to repay a loan is very much a real-world thing. The fact that in interest-systems it is inherently possible (probable, in fact) to end up with a loan greater than what can actually be repaid is an inherent flaw. So this was solved in one of the most obvious (and stupid but necessary) ways possible: bankruptcy. Just pay what you can of the loan through everything of worth you have. This "solves" the problem of potential over-debt by having legal nonfulfillment of the loan become an option; the fact that bankruptcy exists at all should be a big red flag to anyone who believes the interest-system works.

More specifically, ending up with a debt over and above the principal greater than any wealth actually created by the use of the money means that not only is it possible to end up with the debtor being unable to repay, it may create the case where the loan cannot be repaid in any conceivable arrangement because the wealth to repay what is demanded does not actually exist. This, yet again, is another huge flaw. In fact, it was a flaw that was run into repeatedly when interest was first invented; interest was charged at rates that were easy to calculate mathematically (common fractions, for example) but had a tendency to create overdebts. Greedy or worried creditors would demand repayment of the loan and end up putting people into slavery and poverty. This would continue until society ground to a halt and the system dissolved into anarchy, since slaves and paupers are neither productive nor happy. The way this was solved was through debt jubilees, where all debts were occasionally erased — a crude method that somewhat worked. Noticing a pattern here?

What's wrong with interest is that, unlike everything else in the economy, it is not actually related to the real economy. Interest is entirely independent of that; it's purely mathematical. As noted before, this means that often loans demand more than what actually exists to repay them; theoretically a problem, but a clever trick was realized.

In short, what was realized is that you could become richer by having someone create wealth than by taking everything they had at that moment in time and reducing them to poverty. In short, it was more effective to have a population of slaves working for decades and decades to repay an ever-growing loan than to use loans to impoverish people. This is the entire point of interest: to keep people just enough in debt that they keep working for you and the system, continually and forever. It's a fine line. You want to extract the maximum possible wealth from them but you don't want to over-extract at any one time because that might hurt their productivity. On a macro scale, you can't let the debt grow too large (that is, too fast) or a panicking creditor somewhere is going to recall a loan too early, induce a panic in the market, and cause the whole system to come crashing down as everyone realizes that the debt can't be paid off and they try to get their share. At the same time, you can't let the debt grow too slowly or you run the risk of people freeing themselves from your system and stopping paying you. Interest helps with this; by devaluing currency you effectively devalue loans (make people able to repay more easily) and help keep the system from collapsing.

It is also worth noting that, because of the interest-system making debts larger than the real wealth of the economy, creditors have effectively declared that any new, created wealth automatically belongs to them ("to repay what you owe us, goyim"). It declares that you aren't entitled to any rising standard of living due to the work of you and your countrymen.

In short, interest is a form of inducing productive slavery.

Does anyone seriously believe that paying double and more what the loan was worth is reasonable? That creditors take such an enormous risk that this is justified? That these enormous sums cover the "many" loans that end up unpaid? That creditors provide as much value to the economy as their prices justify?

The first step is to realize that you aren't loaning, you are investing. The second is to realize that a return on an investment comes from the productivity of the investment, and that "risk" in "loaning" should come not from the possibility of default but from the possibility of low return. If returns on investment are proportional to the wealth the investment creates it is impossible to demand more wealth than is actually created. It is also impossible to enslave people and to turn the economy inefficient by seizing all created wealth for oneself. Economies are most efficient when people can advance themselves, advance their children, and have money to spend, not when they make only the bear minimum needed to keep themselves going and keep working to create wealth for those who do nothing.

That is scary and true.

So much for that gigantic fucking nose.

So what you're saying is that the interest should be replaced with a share in the profits of the wealth created using the original investment. With a nominal cap or just an indefinite share? Because that model already exists, it's just not as commonly offered as it should be. Then what is your alternative to backing up the investment with securities? No investment bank agrees to that if they're bearing all the risk.

How can you run out a money if you still have paper to print it on!?

You can't eliminate risk, and you certainly can't legislate it away. To pretend you can do so under any scheme is simple falsehood. When one does anything with one's resource one is risking their complete destruction; to demand otherwise is to demand the universe work differently.

Let me put it this way: what is the security against a business collapsing? What is my security that any shares I buy won't just lose all their value and reduce my investment to nothing? What is my security that the dollar won't just collapse and render anything of mine worthless? What is my security that the state with power over my investment won't just turn into a bunch of thieving commies? My point is, "loaning" is no more special than anything else, and all we are doing with "securities" is dumping the risk on someone else, whether that be taxpayers or whoever. The real question is whether creditors deserve that extra protection when essentially no one else gets it. Is it beneficial to civilization to protect creditors so heavily? History and logic say "No."

Moreover, it's no great discover to find that Jews and other vested interests have spent a lot of time and propaganda to make people think that loaning is somehow special and distinct and that they need protection above and beyond what everyone else gets.

In short: If I assume all the risk when buying shares I should all the risk when "loaning" money.

Don't be stupid. "Loaning" institutions are going to run risk-analyses the same as anyone else and make a bet. Moreover, owing to the laws of statistics, if they invest right they're more than likely going to get a good return, just the same as anyone else in the stock market. It's not just risk in a vacuum. It's risk and reward. The rewards and there and it's a simple matter of deciding for oneself if the rewards justify taking the risks. And it's a bit difficult to say that investing in businesses is such a risky game that no one would do it; as far the as financial sector goes industrial investment tends to be one of the least risky, especially in comparison to "investment" in all the various bubble and financial-wizardry schemes the Jews in finance keep inventing. Last of all, there is the classic free-market retort of "survival of the fittest." We don't want to be saving people from stupid investments; that just encourages stupid investments. There is no reason that, with a profit-proportional system, we wouldn't end up with the investors best able to put resources where they are most efficient succeeding the most.

And, to finish off, none of that eliminates the problems with interest. At the end of the day it's a pick your poison situation: do you prefer bankruptcies and debt jubilees or do you prefer zero returns? The result is the same, except that interest has additional disadvantages, such as the not inconsiderable fact it is a way for Jews to de facto enslave people.

Illinois doesn't print money for itself, but even if it did they would only be devaluing the currency held by everyone and allocating themselves a greater share of total buying power; in effect an invisible tax. Which, now that I think about it, might not be so bad if the cash is held by the right people. I certainly wouldn't mind devaluing the fortunes of Bill Gates and the like. It tends to cause too many problems though.

The problem is that we welcome them every time like the nice hospitable dipshits we are. Fastforward ten-twenty years later and the state is purple with advancing degeneracy in every quarter. Try to tell anyone this and you'll know what Cassandra must have felt.

Watching a blue state go bankrupt is funny and all, but I can't help but agree that once containment is lost the faggots and niggers who caused the meltdown will come streaming through the breach. They'll show up on your doorstep like a bunch of smiling jackasses. Slam it in their face.

Hospitality should be for travelers and guests only.

not yet, user. after next week they will.
june 28th for the powerball
june 30th for mega millions

You are an fool, or playing one.
Fractional reserve banking does NOT require interest bearing loans.
Interest bearing loans do NOT require fractional reserve banking, or any banking, or even any goddamn currency.
They are two totally distinct concepts and topics. You are the only person who thinks we are discussing both.

How. What are you even talking about here.
If you can't make the payments, you are in default. If you are making the minimum payments, your loan is payed off after the 15 years or 30 years term. If you make more than the minimum payments, especially near the beginning, the loan is payed off much sooner.

Variable rate loans are a scam, or a least a very bad idea.
Beyond that, no, there is no difference. A fixed rate loan has a total nominal cost. The real cost of the loan in today's dollars will depend on inflation, but is basically guaranteed to be less than the nominal cost (central banks will not allow deflation).
Pic related. Btw your pic is shit.

I don't know. I haven't visited any sandnigger banks to get quotes from them to compare. But they will be getting their money one way or another, and 10k paid now in 'fees' is not equivalent to 10k spread over 30 years. You would have to factor in inflation to compare them.

This is complete nonsense. You are trying to claim that all rent or return on investment is unjustified.

In one sentence you say it's risk free, and the next you say the value of the asset can depreciate.

bumpu

When the entire state of Illinois fails, falls into chaos and ruin, you know who's fault it will be right?

conservative.white.men

This is some cringy-ass shit, schlomo.

Within 72 hours of EBT shutting off.

Wasn't there an instance of EBT shutting down and nignogs rioting? I can't find it, so maybe I'm just imagining shit…

...

Underrated post.
In their little monkey brains they also fear white people who don't live in he city. They know the further out they go the more likely they are to encounter rayciss craka wit gunz

Have you bought printer ink lately? Gold is cheaper.

...

Plus it takes work to feed yourself in the country. Also there is the instinctual fear of wild animals they have from all the years running from shit in the motherland.

The suburbs will still have trouble. A fair enough number of nignogs have cars and guns that their little monkey brains would be able to piece teo and two together.

"Oh shit Tyrone, yo duh poleases is all busy wif duh riots! Mayne, we gots a free ride to duh suburbs to rob all dem rich ass crackas an' git dey wimminz!"

Anyone got the vid of that one nig bitch saying niggers should riot in the suburbs?

Oh god I'd forgotten all about that.
God I hate black people.

Choose one and only one.

Welfare riots when

Finding the Self Defense is like playing Where's Waldo.

But their AI is terrible. You'll be fine.
pic related

Nog will happily gather together in, for example, a sporting arena if you send word out over the local hiphop station that chikkuns are available there. Then: surgical strike.

Fug.

I'll bite, what is it?

You know damn well no one wants to live in Iowa user, it's nothing but cornfields and truck stops.

I appreciate the interest user, but for the sake of the San Francisco mob not coming after us I can't say. Just keep an eye out for indie shooters Q1 of 2018, I'm not the only one working on this project and I can't risk everyone else's futures by creating a direct link to Holla Forums. Maybe that sounds cucky but being openly right wing in the game dev scene is still dangerous as fuck. Perhaps when we're more financially secure and established as a business we'll be more open with our views.

Huh. Never seen an entire state sleeping over an exhaust grate before.

Neato.

Chicago born, raised and suburban resident,

BURN THE CESSPOOL DOWN, ASAP!!

why don't you buy some cheap property in Arkansas.

landwatch.com/Arkansas_land_for_sale

The party is over. And just like at Woodstock we can expect the boomers to pack up and find some other host leaving us to clean up their garbage. Pull the plug on your parents ASAP.

You could always come back when it releases and tell Holla Forums and Holla Forums about this great new game you found and have no affiliation with.

Or I could make a burner email for you to contact at your leisure. I've wanted to make a redpill vidya for ages, but my only expertise lies in writing.

Cedar Rapids is a good city to live in.
Iowa is incredibly white.
Avoid Iowa City. It's a hub of Jewish poz.

That's what I intend to do, but our first release is pretty minor on the redpill. Our long term release goals contain a lot more narrative/redpill but this initial release is pretty gameplay heavy and has a super minimal narrative.

My partner on the project currently lives in Cedar Rapids actually. I've been there a few times, wasn't terribly impressed and he wants to move out of there. I'd like to be out in the countryside of Washington or Oregon ideally, yes I know they're blue states but it's so beautiful out there.

i have a great idea… simply raise taxes more, raise tolls higher to pay for the roads, raise property taxes higher and then hand out exemptions for illegals. surely that will solve everything and make everyone happy!

Yeah, lack of land features is an issue with Iowa. But there are some nice parks in the city, and if you want a day trip in the countryside check out Kent Park. It's actually one of the nicer small parks in the country.

Cedar Rapids is a fantastic place to raise white kids. It's still high enough trust to let them run around and fend for themselves. They may not enjoy that flat landscape and suburban sprawl, but the schools are good (i.e. white) and the community is strong. Just be careful not to get fat. Eating too much is a pastime in Iowa.

ARfag here. This shouldn't be your first choice.

I wouldn't recommend coming here unless you're not dependent on finding work for income. The rural areas, especially the Ozarks are very comfy. Central Arkansas, particularly Little Rock is where most of the work is, and it's pretty dangerous here. Little Rock specifically is about 200K people, 40% black, is run by the black city manager, Bruce Moore and his NFBPA/frat cronies, and we (contain your shock) are the most dangerous mid-sized city in America (arkansasonline.com/right2know/lrpdreports/). We've averaged about 1 homicide a week this year.

It's a great place to grow up, and there are some really stand-up folks living here. If you're not well-established in your career (5+ years) or married, though, then this is a very difficult place to get ahead in life if you don't have a family network to lean on.

This time, you can literally go "thanks, Obama" for this mess and you'd be right. He and his legendary corrupt niggerkike fellows in the windy city that deserves a nuke dropped on it caused everything wrong with the state. Even now the Republican governor is trying his best to fix the budget and stop the pozz but he gets stonewalled by corrupt democrat chicongo politicians who think tax and spend is the way out no matter what. But taxes now are way too high and the best tax base in the state is moving out in droves. It's dead, it's over. Trump will need to step in, and by step in I mean activating his nuclear codes. Wipe that shitty off the map.