Loan Shark Usury in the Philippines As Unpardonable by Eric V. Encina

Loan Shark Usury in the Philippines As Unpardonable by Eric V. Encina

Roxas : Philippines | Apr 05, 2012 at 7:11 PM PDT
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Loan Shark Usury in the Philippines As Unpardonable

By Eric V. Encina

Usury in the Philippines, and of course all over the world, the crimes of banking loan and usury are coming to the point as unpardonable as crime against God, against life and souls. The banking crimes at usury are a detestable and unpardonable crimes that are ipso facto condemnable by the very commandments of God. Banks create money "ex nihilo" or out of nothing, and lends money let say, $6,000 or P250,000 Philippine Pesos payable for 2-3 years time, at interest rate of 6% per month, that is, more or less $500 or P18,000 MONTHLY INTERES, that is, 6% X 12 months = 72% INTEREST RATE PER ANNUM, and that is whopping $6,000 or P258,000 Philippine Pesos-LIFE-SOUL-KILLING INTEREST CHARGES PER YEAR plus penalties and even compounded interest payments, to a pitiful Filipino borrower being required of security collateral: the land, house, employment for such interest-bearing loans. And of course, Philippines huge domestic and foreign debts from the global banking scams and usury are making us in deeper holes where light at the end of the tunnels is becoming dimmer than ever. Now, it is now impossible for the poor Filipinos individuals, families, or impoverished communities who/that are mostly Catholics and Christians to have access to funds through borrowings at usury from the banking/financial institution. Fundamentally, this system runs against the Christian teachings, and even condemnable by Islamic Laws and teachings. THE POLICY OF KILLING THE UNBORN CHILDREN by methods of legalized abortion to accordingly reduce or cure poverty is essentially a nostrum. And this belief has poisoned largely in the Philippines, and well-funded by the super-rich, the Western governments, international institutions and even global banking institutions lending money at interest with compulsion and intimidation to Philippines with the conditions of artificial population control programs. I have written extensively in the past 20 years time, among other essential life-soul-issues, about the banking crimes as the mother of all crimes and scams-the arithmetic of the weapons of mass destruction killing lives and souls implacably. And we are now in this situation where humanity is comatosed and in great dying because of the system of the Anti-Christ that evidently rules us over. Eric V. Encina Filipino Social Credit/Monetary Reform/Economic/Monetary Justice Campaigner Philippines
eric2015 is based in Roxas, Western Visayas, Philippines, and is a Reporter on Allvoices.
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