Get the latest news to your email inbox FREE!

REGISTER

Get the latest news to your email inbox FREE!

REGISTER
HomeYour LettersUsurious bankruptcy

Usurious bankruptcy

Usury, according to my Little Oxford Dictionary, is “lending of money at an exorbent or illegal rate of interest”.
Throughout history, economics have ebbed and flowed, much as the tides of the seashore, from the depths of degradation of wars and pestilence to shimmering heights of prosperity and advancement, as evidenced by the Egyptian, Ancient Greek and Roman Empires. Evidence indicates that they crumbled from within, with inflation as a factor caused by the misuse of currency by speculators and usurers.
References condemning usury can be found in the Old Testament in Leviticus 25:36; Exodus 22:25, etc.
The crippling taxes in the 12th century were taxing English people out of their homes as in Australia today and, with Church leadership and some Christian barons, Canon Law became the law of the land, Magna Carta was signed at Runnymede on June 15 1215, for debt cancellation after seven years.
If there is such a thing as a global economy, why doesn’t it influence a simple Magna Carta solution, and also stop the humbug of encouraging politicians to become gods and goddesses to correct creations misadventure, by calling for further impoverishment by a carbon tax. C’mon, pull the other leg, it rattles.

Jim Shanks

Digital Edition
Subscribe

Get an all ACCESS PASS to the News and your Digital Edition with an online subscription

Realtor locked out of bank accounts for 10 days

A Warwick real estate boss who lost access to her business bank accounts for up to 10 working days has warned it could happen...
More News

‘Political games’: Council and festival clash over funding deal

A breakdown in funding negotiations has erupted into a war of words between the Southern Downs council and organisers of the Stanthorpe Apple and...

Blood moon dazzles across Southern Downs

On Tuesday, 3 March, millions of people across the country looked up into the night sky to see a total lunar eclipse and a...

Faulks stars in Pittsworth

Pittsworth Ladies Golf open day Warwick rookie Sharon Faulks has starred finishing second overall with a nett of 70. A team of 13 travelled...

Super Sprints return to Morgan Park

The opening round of the Queensland Super Sprints Series A1 roared into life at Morgan Park Raceway, Warwick at the weekend. This was the...

‘I’m buggered’: Nationals leader quits party’s top job

Nationals leader David Littleproud is stepping down as leader of the Nationals, saying he’s had enough. Mr Littleproud announced on Tuesday, 10 March, he would...

Glitz and glamour at Apple and Grape gala

The glamour and tradition of the Stanthorpe Apple and Grape Harvest Festival were on full display at the 2026 gala ball, where festival ambassadors...

Club takes fresh approach to revive women’s AFL

A local sporting club has taken a unique approach in their bid to field the club’s first senior women’s side in a decade. The Warwick...

GALLERY: Crowds pack Stanthorpe for milestone Apple and Grape

Organisers of Australia’s longest running harvest festival have been left stunned by what they estimated to be a record year. Marking its 60th birthday, the...

Warwick mourns former deputy mayor Doug Cutmore

Tributes have poured out for former councillor and bagpipe player Doug Cutmore OAM who passed away last Tuesday, aged 89. Mr Cutmore was born in...

Wolves draw against leading club

Warwick Wolves came from behind to snare an impressive two-all draw in their round two Darling Downs Premier League Three senior men’s football clash...