A Quote by Periyar E. V. Ramasamy
Money lending is a horrible profession. If we are to call it otherwise it is lawful plundering.
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The plundering of the human spirit by the market place is paralleled by the plundering of the earth by capital.
There is one bit of advice given us by the ancient Greeks, and by the Jews in the Old Testament, and by the great Christian teachers of the Middle Ages, which the modern economic system has completely disobeyed. All these people told us not to lend money at interest; and lending money at interest - what we call investment - is the basis of our whole system.
Seen in the context of Donald Trump having committed sales tax fraud in the past, which is indisputable, I think that it's reasonable for the American public to ask, did you go beyond what's lawful, maybe scandalously lawful, but lawful, and violate the law?
Jesus, when he was on Earth, he was out there helping people, right? Why did he perform those miracles? To call attention to his profession. Why do you think I do these incredible feats? To call attention to my profession!
For nearly five years the present Ministers have harassed every trade, worried every profession, and assailed or menaced every class, institution, and species of property in the country. Occasionally they have varied this state of civil warfare by perpetrating some job which outraged public opinion, or by stumbling into mistakes which have been always discreditable, and sometimes ruinous. All this they call a policy, and seem quite proud of it; but the country has, I think, made up its mind to close this career of plundering and blundering.
The Rothschilds, and that class of money-lenders of whom they are the representatives and agents - men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest - stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved.
To me, writing is not a profession. You might as well call living a profession. Or having children. Anything you can't help doing.
Anfering sex for money is not a profession that glorifies women; it is a profession born of desperation, poverty, alieatioin, and loneliness.
The invention of money opened a new field to human avarice by giving rise to usury and the practice of lending money at interest while the owner passes a life of idleness.
Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'
It is the quality of lending over the quantity of lending.
Most banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.
People cannot live by lending money to one another.
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.
When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living and depend on earning money for what they can spend. The 1% makes its money basically by lending out their money to the 99%, on charging interest and speculating. So the stock market's doubled, the bond market's gone way up, and the 1% are earning more money than ever before, but the 99% are not. They're having to pay the 1%.
When lending people money, be sure their character exceeds their collateral.
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