Quote Originally Posted by shikamaru View Post
Banking (and by extension finance) is the most preeminent issue of the individual and their household.

You are either paying interest to someone else or waiving the opportunity to collect it from another.

Consideration should be given towards applying a banking model on one's personal finance. Other models may include a corporate or insurance model.

All my studies of law seem to point to and transition into commerce.

Law, banking, insurance, currency, et al are all regulatory.

It is great to hear from you Shikamaru!

I must agree - and have always upheld that the only reason to be endorsing private credit is to function as a "member bank". So that means the only benefit is getting that interest from the loans that you grant.

The Fed is only an Instrumentality of the Congress in that it has been granted the central banking privilege of intentionally reducing its stock value over time. So the notes are growing of less value every day, by design. Therefore you must be charging more interest than you lose in handling the notes, or you operate in the red.

Then to get technical, you must make a differentiation between yourself as a "banker" class and the class of your account-holder/debtor.


The underlying presumption is that Israel (Jews) are Redeemed and that the Stranger (Noachide) is not. So we find a whole can of worms going on, especially now that a Global Village is upon us...