Usury is the illegal practice of charging high as fuck interest rates. Well, atleast in the legal sense. Sometimes there isn’t a law in some god forsaken lands, meaning that Usury is merely a moral obligation. Like not shitting in your own bed.

You know that car loan you got? The one at 14% interest?

Or how about them student loans? The never ending one?

What about your credit cards? at 21% interest?

Medical debt for an insured operation that doesn’t touch your deductibles? Yea. That too.

“Usury is the practice of making unethical or immoral loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others’ misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law.” -Wikipedia

Most of your payments will pay the interest only for a select time or the majority of it will go to interest.

The Principal gets paid very slowly over time, and some times, not at all. The Principal being a fancy term for ‘the original amount borrowed’.

For instance, compounding Student Debt Loans have interest out the wa-zoo. People end up paying more than triple their loan amount over two decades for a four year degree. Makes sense to me.

Student Loan Debt is a scam for this particular reason, among other particular reasons.

Another example, a 300k 30 year mortgage to buy a home can end up costing 500k at 4% interest. On top of fees and other stuff, you’re looking to spend about 300k for the first 15 years and then paying another 200 to 300k the last 15 years. That’s also assuming you don’t refinance or do some weird shit.

Point is, be alarmed and alert for unfavorable deals.

If you’re paying interest like it’s taxes for the rest of your life, then that’s a fucking shitty bet.

The Cost of living shouldn’t Cost more than Living itself.

So, you know, try not to get retarded high interest rates.

Anyways, here’s a link to more information pertinent to Usury, it’s laws, and moral applications. As it turns out, credit cards might be free from any sort of stipulation, explaining why their interest rates are high as fuck. Turns out, it’s the Bankies at it again.

As a side note,

Taxes are itself usury debt. If you owe a tax debt, you’ll be charged a fee that’s not manageable for each period it’s unpaid. Typically every month.

Some sources say quarterly, some say monthly, it is what it is.

In Closing,

Usury is shitty for most people except the ones’ committing it. Welcome to the world.

Arguably if people learned math or didn’t hate it, they’d understand interest rates and percentages and not get fleeced by some huckster Loan Agent preying on dumb kids like a Sex Offender or a Priest. And judging by my experiences, people remain dumb kids well into their late 40’s. I’d imagine even more if they’re stuck in a perpetual loop of technology consumption.

Some people live their lives never touching debt, or atleast never holding on to it.

That’s a fair assessment, leverage that debt and make your gambles. Or forever hold the debt till you pass away, hopefully it doesn’t pass on to your children like in some god forsaken lands.

*Not Valid Financial, Legal, Life, or Any Advice