Blog Archives
The Deen Show: Student Loan crisis and how Islam protects you from loan sharks (Video)
In this weeks show we’ll be talking about the Student Loan crisis and how borrowers are finding themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. Points covers in this show:
1.What Usury is and how it equals modern day Interest
2.Why charging Interest is unjust and is a form of great oppression.
3. How Charging interest is not only prohibited in ISLAM and the Quran but also in the Bible and Christianly
4. How Interest/Usury used to be outlawed.
5. How bankers took over the job of loan sharks
6. Solutions and tips on how to stay debt free and avoid being in- slaved to Interest/Usury, all this and more on this weeks show of TheDeenShow with Eddie.
More episodes…
Money Is A Form Of Social Control And Most Americans Are Debt Slaves
By: Michael Snyder
Source: http://theeconomiccollapseblog.com/
Is America really “the land of the free”? Most people think of money as simply a medium of exchange that makes economic transactions more convenient, but the truth is that it is much more than that. Money is also a form of social control. Just think about it. What did you do this morning? Well, if you are like most Americans, you either got up and went to work (to make money) or to school (to learn the skills that you will need to make money). We spend a great deal of our lives pursuing the almighty dollar, and there are literally millions of laws, rules and regulations about how we earn our money, about how we spend our money and about how much of our money the government gets to take from us. Not that money is a bad thing in itself. Without money, it would be really hard to have a modern society. Unfortunately, our money is based on debt, and debt levels in the United States have exploded to absolutely unprecedented levels in recent years. The borrower is the servant of the lender, and if you are like most Americans, nearly every major purchase that you make in your life is going to involve debt. Do you want to get a college education so that you can get a “good job”? You are told to get a student loan. Do you want a car? You are encouraged to get an auto loan and to stretch out the payments for as long as possible. Do you want a home? You are probably going to end up with a big fat mortgage. And of course I could go on and on and on. The cold, hard truth of the matter is that most Americans are debt slaves. Most of us spend our entire lives trapped in an endless cycle of debt that we never escape until we die, and meanwhile our years of hard labor are greatly enriching those that own our debts.
How Student Loan Scammers Are Exploiting The Debt Crisis (Video)
Americans are now holding $1.2 trillion in outstanding student loan debt, and college graduates are becoming an increasingly attractive target for financial scams. AJ+ explains how companies are trying to exploit the crisis and those struggling borrowers looking for debt forgiveness.
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PASS THE KNOWLEDGE (LIGHT & LIFE) 