17 MAR 2013 by ideonexus

 The Origin of Interest

The international trading became the most profitable of all enterprises, and great land-"owners" with clear-cut king's "deeds" to their land went often to international gold moneylenders. The great land barons underwrote the building of enterprisers' ships with their cattle or other real wealth, the regenerative products of their lands, turned over to the lender as cccollateral. If the ship did come back, both the enterpriser and the bankers realized a great gain. The successful ship ventur...
Folksonomies: history economics banking
Folksonomies: history economics banking
  1  notes

From when bankers would hold cattle as collateral, and the cattle had calves. The calves were the interest.

01 JAN 2010 by ideonexus

  Acts 4:32-35

32All the believers were one in heart and mind. No one claimed that any of his possessions was his own, but they shared everything they had. 33With great power the apostles continued to testify to the resurrection of the Lord Jesus, and much grace was upon them all. 34There were no needy persons among them. For from time to time those who owned lands or houses sold them, brought the money from the sales 35and put it at the apostles' feet, and it was distributed to anyone as he had need.
Folksonomies: religion
Folksonomies: religion
  1  notes
Jesus was a communist.