The Church’s injunction against usury went on for 1,500 years - TopicsExpress



          

The Church’s injunction against usury went on for 1,500 years after the death of Jesus, and Muslims kept Europe bottled in from the rest of the world for almost 1,000 years until Europeans found America in 1492 and the Church authorized the African slave trade. Now the Church wanted to be a part of financing the exploration and exploitation of a New World, so Pope Leo X issued a Papal bull in 1515 declaring that the “moderate rate of interest” charged by the Church’s “Charity Banks” was not sinful but meritorious and anyone calling it sinful would be excommunicated. Since that time, “usury” was only “excessive or exorbitant interest” if it was an interest rate above that established by “civil authorities.” finalcall/artman/publish/Perspectives_1/article_10017.shtml Join Bring Back The GREENBACK Party so we can end usury forever https://facebook/groups/1531359567098085/
Posted on: Tue, 14 Oct 2014 19:20:45 +0000

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