Now You Can Finance Burritos and Airbnb Stays
Also weight loss drugs and mental health therapy sessions… I wonder why
Here are the facts:
Nations that allow interest incentivize non-productive people to lend their excess in order to reap more excess from productive people.
Interest-eaters then compound their gains by re-lending. (They also invest in lobby-bribing power-hungry politicians, which is why income tax on work can be double or triple the rate of capital gains tax on money reaped by not working.)
If you set up a society like this, what is the guaranteed, inevitable result?
Will more people work to create and produce new things?
Or will more people try to enslave others in perpetually compounding debt?
Bingo.
The challenge for interest-eaters is that there’s only so much money people can borrow for houses and cars.
Interest is a powerful incentive that encourages interest-eaters to continually expand the realm of lending further and further afield.
Financing appliances.
Financing engagement rings.
Financing TVs and computers.
Financing beds and couches.
Financing cell phones.
Financing vacations.
Financing stock purchases.
Financing crypto purchases.
Financing your future paycheck (that’s what payday lending actually is.)
Those who are mathematically literate see the obvious problem: Nations that allow interest create a situation where there’s always more money owing than money in existence.
But interest-eaters don’t care.
They’re not the ones doing the work to pay back the interest-eaters.
So the interest-eaters press on.
Now, thanks to BNPL — “Buy Now Pay Later” (with interest, of course) — you can finance:
Weight loss drugs like Ozempic
Groceries (25% of Americans now using BNPL to cover weekly food shopping)
High-end makeup and beauty products at retailers like Sephora.
Tattoos (branded as “Ink Now, Pay Later.” I must know how repossession works!)
Botox injections and Brazilian butt lifts
Vet services for pets
Concert tickets (half of Coachella passes used BNPL
Children’s toys
Baby formula
Mental health therapy sessions (presumably to talk about your economic woes). The leading mobsters are Cherry and the revoltingly named CareCredit. 26.99% interest isn’t care; it’s abuse.
The newest interest schemes to join the list?
Financing burritos.
And Airbnb stays.
The big 5 are Affirm, Klarna, Afterpay, Zip, and Sezzle.
They account for 95% of the U.S. BNPL scam.
The market was $109 billion last year.
Expected to double in the next 5 years.
In case you’re wondering, the $12 trillion behemoth BlackRock owns a stake in all five of these companies, and the CEO of BlackRock was just named interim co-chairman of the World Economic Forum (WEF).
“You will own nothing and be happy”, remember?
Why is this a problem?
BECAUSE MATH EXISTS.
If you lend at interest, there’s never enough money to pay back all the principal plus interest.
Meaning some people will have their assets seized via repossession or foreclosure, some will be forced into bankruptcy, and the rest will have to slave like dogs to fight for enough of the money pool to pay back the interest-eaters.
But interest compounds.
Which means eventually there will be more interest owing than money in the whole world.
Meaning civilizational collapse.
This is nothing new; it’s happened plenty of times in history.
Smart and/or righteous nations jubileed debt regularly and/or banned interest.
We are not members of smart and/or righteous nations.
How to fix this mess
If permitting interest incentivizes non-productive people to lend their excess in order to reap more excess from productive people, what if we just did the opposite?
Banning interest would:
a.) force non-productive people to get a job and actually create and contribute new value to society
b.) stop non-productive people from stealing excess from productive people
c.) ensure productive people are incentivized to work, rather than now, where working harder just means more excess for lenders and landlords to steal
While we’re at it, we should double capital gains taxes and chop income taxes in half.
Reward productive work, not parasitic wormery.
Making it personal
Right, so what’s the personal takeaway here?
Stop lending at interest.
Sell your bonds.
Sell your lending stocks.
Sell your rental properties.
Stop charging interest.
Otherwise, you’re a huge part of the problem and the reason why the poor are getting poorer, prices are soaring, inflation is destroying lives, and society is collapsing.
If you want to be positively good, you can do what Jesus commanded and lend freely without expecting anything (not even principal) in return.
But very few people are good these days.
It’s so obvious, but somehow we are caught up in an evil system that makes these abominations seem inevitable. Our inability to see reality will destroy our civilization.