Page 184 - THE PATH

Has not usury been replaced by banks whose work was
supposed to assist individuals and companies? Rather

than improve, the banking system has worsened in the
recent years. Its work resembles that of the former system

of usury.

For example, the annual interest rate of deposited money

is one percent, while that of any loan reaches 10 percent

or more. This is how financial institutions make huge
turnovers and profits at the expense of the increasing

indebtedness of the people.

Why is this form of usury approved and encouraged by

banks and other intermediary institutions? Would it not be
better to have a central institution within the UN that would

establish a system for loans and control?

The solution for this situation should be reached through

thorough deliberation. For the time being, it is a deep and
puzzling issue that should unravel naturally and bring

about positive changes.

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