|MONEY WARS |
PROTECT FINANCIAL SERVICES PROFITS
The Archbishop of Canterbury, Rev. Justin Welby, has just vowed to help expand neighborhood credit unions banks and to compete loan-sharks out of business, which is a unique moral stand by any religious leader, ...worldwide. Pope Francis at Copacabana Beach in Brazil has just urged people to take to the streets for social justice and to fight inequality.
What is going on? Though these announcements are extremely welcome, western religious leaders have not given any moral social lead for at least a hundred years. Morality has quite simply not been their remit. They have been very firmly and clearly part of The Establishment - beating beggars, harassing vagrants, cozying up to Hitler and Mussolini, blaming the unemployed, praying daily for the good health and souls of fat and stupid national governors, and investing the Churches' vast wealth in, among other investments ...loan sharking. Their motto has unequivocally been "Render unto Caesar those things that are Caesar's ...and give him any things that you think are yours, as well."
When UK Uncut set up camp outside St Paul's Cathedral, London, to protest against The City /Wall Street's naked greed, a priest had to resign his senior post at St Paul's before adding his voice against the financiers.
Specifically - Archbishop Welby, an ex-oil and banking executive, is attacking the gross immorality of WONGA, a pay-day money lender built in the UK after the Reagan/Thatcher 1983 Big Bang, on American Mafia loansharking principles - licensed by the UK Government and stoutly defended by The House of Commons, The House of Lords, The Courts and ultimately The Police (to make defaulters homeless and imprison them for debt) and of course by PM David "We must defend The City" Cameron.
WONGA traps the very poorest in society, those with too little money to eat every day, who, come Wednesday, are forced to supplement their employers' state subsidized, below Living Wage pay, with a loan from WONGA who charge a legally enforced 5000% APR (five-thousand-percent). WONGA is one of many - they are legion. Below Living Wage means too little to live on; great for the boss but the peasants can't feed the kids - its a wonderful capitalist inescapable killing man-trap.
- LOANSHARK'S 2018% FOR 17 YEARS One rural UK victim borrowed $1,000 and over 17 years of bullying he paid $150,000 to the loan-sharks. The debt was eventually cancelled by a court - not because it was illegal or immoral but ...because the lender was not properly licensed.
All the Holy Books of all religions abhor usury. Jesus famously drove the money-changers from the temple. Today's loan-sharks buy money in bulk at 0.5% and sell it at 10, 20, 1,000, and, at 5,000% at 10,000 times (ten thousand times) the cost - smilingly approved by the majority of citizens. "Not enough bread? Let them eat cake ...or chew shit".
Will all spiritual leaders stand up and be counted and join Archbishop Welby's new campaign? Do any religious or secular philosophies approve of loan-sharking?
- Christianity: 2.1 billion
- Islam: 1.5 billion
- Financial Services 1.3 billion
- Secular/Nonreligious/Agnostic/Atheist: 1.1 billion
- Hinduism: 900 million
- Chinese traditional religion: 394 million
- Buddhism: 376 million
- primal-indigenous: 300 million
- African Traditional & Diasporic: 100 million
- Sikhism: 23 million
- Juche: 19 million
- Spiritism: 15 million
- Judaism: 14 million
- Baha'i: 7 million
- Freemasons 5 million
- Jainism: 4.2 million
- Shinto: 4 million
- Cao Dai: 4 million
- Zoroastrianism: 2.6 million
- Tenrikyo: 2 million
- Neo-Paganism: 1 million
- Unitarian-Universalism: 800 thousand
- Rastafarianism: 600 thousand
- Scientology: 500 thousand
- Psychotherapists: 200 thousand - USA 93,000
- Humanists: Not known
A 5% CAP is a good thing. Sign this petition:
STELLA CREASY MP – CAMPAIGN AGAINST LOANSHARKING.http://www.workingforwalthamstow.org.uk/