How Much Is Your I.O.U. Note Worth

Thread Starter

loosewire

Joined Apr 25, 2008
1,686
Have you has to test your I.O.U. ability lately . Where would start,

where is the short term or small loans. There is a lot of small investors

loaning money at a good rate. Church members and people that think you

are a good risk ,you can also get a good rate. DID YOU KNOW THAT A

MUSLAM WILL LOAN YOU AT NO INTEREST , IT NOT PART OF THERE

BELIEF. Can some one varify that.
 

Kermit2

Joined Feb 5, 2010
4,162
If I can't afford something I continue saving money until I can. I will no longer play the 'money lenders' game. Be they banks or relatives. If you have survived up to this point in time without 'whatever', you can survive a little longer while you save up more money. Eventually you reach the point where you CAN afford it. Then and only then will I purchase. If I have to use someone elses money to get it, then it isn't really mine. Is it? Life experience has taught me, it is not mine until I can but it myself. They CAN and WILL take stuff away from you if you fail to make a 'payment'.

:(
 

MrChips

Joined Oct 2, 2009
30,806
The Sumerians and Babylonians thousands of years BC understood the powers of compound interest and exponential growth. The charging of interest creates a perpetual expansion of the money supply as debt which is never repaid. Hence the concept of the jubilee was practiced as a way of forgiveness of all sins and debt.

http://en.wikipedia.org/wiki/Jubilee_2000
 
Top