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**reawnvam** · 10-18-2011, 07:23 PM

i am not too sure myself and made this thread so i can explore details with the other members. i dont even understand fiat currency in detail, i just have a loose idea of it. ( i dont think we are meant to be able to understand it in detail!)

from what i know the whole system is based on riba. without riba the system of fiat currency cannot survive. the 'money' is created by giving out loans (which do not actually exist and are just an idea or a promise) and then interest is paid on these (non-existant) loans.....and this somehow created money (lolwut!)???

salam alikum,
now I got what is said about fiat money cann ot survive without interests. But what is difference between interest based on REAL economic growth (means interests based on growth of businesses which in macroeconomic view represents growth of society) and interest above it - the riba or ususry? I think system which is in west now is usury for several reason, not only as the intrests are result of speculations from which only little people have benefit and they use money of other people but also for reason that no one is discouraged to take loan. Only one who is protected in western society is Creditor.

10-18-2011, 07:23 PM	#16
reawnvam Join Date Nov 2005 Posts 311 Senior Member	i am not too sure myself and made this thread so i can explore details with the other members. i dont even understand fiat currency in detail, i just have a loose idea of it. ( i dont think we are meant to be able to understand it in detail!) from what i know the whole system is based on riba. without riba the system of fiat currency cannot survive. the 'money' is created by giving out loans (which do not actually exist and are just an idea or a promise) and then interest is paid on these (non-existant) loans.....and this somehow created money (lolwut!)??? salam alikum, now I got what is said about fiat money cann ot survive without interests. But what is difference between interest based on REAL economic growth (means interests based on growth of businesses which in macroeconomic view represents growth of society) and interest above it - the riba or ususry? I think system which is in west now is usury for several reason, not only as the intrests are result of speculations from which only little people have benefit and they use money of other people but also for reason that no one is discouraged to take loan. Only one who is protected in western society is Creditor.
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