is difficult to convert from this system we have today. If Credit Money was forbidden again the entire structure of society would change. The word saving or savings would get a different meaning.
Today, having a certain amount of money that is lend off per percentage as Credit lets the owner off the need to work. That's why humans save money. They actually deposit it on an account with which they get interests from the bank in return. As soon that is forbidden, savings mean discount again and those strive that find the best investments into opportunities which never in history was thieves.
Never.
If someone has a revenue stream of 2000 Credits monthly. Spends 300 on his flat, 200 on food, 100 on clothing and 50 on other bills on average throughout a year giving him 1400 left for savings into an account, which is ridiculously unrealistic in relative numbers...on each of the Credits is an interest rate of the central bank attached resulting in inflation. Next year even so living in the same flat and eating the same food, the money is less worth, which means his landlord and grocery shop owner also will get less for the money he gives them for the same product having put in the same work to make that money.
Maybe it makes more sense looking at money as a representation of value rather than .... not thinking about what money actually is realistically to understand why Credit based money is forbidden in all major religions.
It is a form of slavery and only is enforced in abusive systems, such as today.
If money was not credit anymore, noone would have to work each year more based on the interest rate the central bank charges without giving anything in return to anyone to keep the standard of living or work over the interest rate to rise his standard of living.
#noblessoblige
#cyberpunkcoltoure
