Usury is, by modern definition, the illegal practice of lending money at unreasonably high rates of interest. Usury is usually carried out with the intention of the lender, or usurer, gaining an unfair profit from the loan. A modern slang term for a usurer is loan shark. Somewhat complicating the matter is the fact that, before the creation of usury laws, usury could refer to interest in general. Now, usury refers to exorbitantly (and illegally) high interest rates. The King James Version uses the word usury in its now obsolete sense. For example, in Exodus 22:25, the basic rule regarding interest is “If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury” (KJV). However, in the English Standard Version, the same verse reads, “If you lend money to any of my people with you who is poor, you shall not be like a moneylender to him, and you shall not exact interest from him.”
Bankster are member of the banking industry seen as profiteering or dishonest. ‘nothing ever seems to happen to any of the banksters who caused financial pain to the masses.
An example is the financial giant Goldman Sachs, which owns a bunch of industrial warehouses near Detroit where aluminum ingots are stored. Every day, according to the paper, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses, two or three times a day.
“This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange,” the Times said its investigation found. “The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal.”
It also increases the prices paid by manufacturers and consumers for products that use aluminum — soda and beer, for instance.
Unfortunately, this is just one of many examples. The maneuvering in markets for oil, wheat, cotton, coffee and more has brought billions in profits to investment banks like Goldman, JPMorgan Chase and Morgan Stanley, the newspaper reported.
Corrupt bank scandals are magnified by each other, loan to own schemes which destroy the small businessman on a regular basis, Goldman Sachs bankers seem to have a corner on the market along with Bank of America just to mention a few bad corrupt banks. They’re part of a pattern, lawlessness, greed, self-centered ambition, one that the American public is hyperaware of. These headlines foment mistrust in the fairness of the entire system, Bank are corrupt by design….
Bankers and gangsters are mainstream in today’s financial institutions, these large to midsize banks and there under links- the “bankers” are the corrupt wheeler-dealers, they manipulated markets, sliced and diced mortgages (fraudulent foreclosures) and played loose with other people’s money, they are gangsters.. Their history proves the bad fruit that has harmed the American people….
Editor, Bankster Crime
MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM…
The sudden hope of multiple vaccines appears to have inoculated the market against an epidemic of bad news that would normally drive markets down. First,…Read More
Earlier we reported that amid fears of election night chaos, the White House has been put on lockdown, and that according to NBC sources, beginning…Read More
We most recently described the Fed’s stealthy plan to deposit digital dollars to “each American” during the next crisis as an unprecedented monetary overhaul, but more…Read More
For all these reasons, the risks of systemic collapse are much higher than commonly anticipated. There’s an irony in discussing risk: since we all have an instinctive…Read More
Goldman Sachs is reportedly on the cusp of settling one of the biggest criminal cases involving a Wall Street bank since the financial crisis: According…Read More
(Reality–New World Order Pukes ) Our President Knows the End Is Near With the Current Financial Apparatus… The U.S. government spent more than $3.13 trillion…Read More
Banks Are In Trouble: Wells Tumbles As Revenues Plunge, NIM Hits Record Low, Warns On Payment Deferrals
If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed,…Read More