Why doesn't the government issue interest free loans and money?

Question

Do away with the banking system that holds so many people in debt for years, the government should issue interest free loans and mortgages for all the people.

It would also stop the influence that the financial institutions have over the whole country.

You lend people money that doesn't exist and charge them interest on it. Everything over and above that is a smoke-screen which is built on the foundations of lending people money that doesn't exist and charging interest on it. Without that global conjuring trick, it all comes tumbling down. And yet when we hear predictions that this system will collapse there is enormous fear among those who are enslaved by it.

http://www.hiddenmysteries.com/2000/icke/iamex.html

Answer 1

isnt it interesting to note how few people know how the economic system works in this country ... the fact of the matter is the economic system was turned over to the federal reserve board in 1913 ... its a private "for profit" company ... they have a monopoly on printing the money and controlling the amount in circulation as well as interest rates and being almost the sole creditor of the united states govt ... what almost is universally not known, is that congress could take back the money powers from this illegal "bank" and print money itself to finance its programs ..release enough into circulation to facilitate commerce for the good of all ... and there would be no "income tax" (which is nothing more than the federal reserve board lining their filthy pockets with the ordinary mans wealth) ... KILL THE BANK ...its THE cause of the financial problems in this country ...andrew jackson killed the bank and was the only president to pay off the national debt ever ... believe this next info if you want .. but you will see its true if you research it ...presdent kennedy wanted to kill the federal reserve and started printing out "silver certificates" as a competeing currency to the federal reserves "notes" (he signed executive order 11110 to implement this plan) ... unfortunately he was assasinated and the fed moved quickly to undo what kennedy tried to accomplish .... yes, give congress back the money powers, kill the bank ... get some honest people in the whitehouse and the sky is the limit to how wealthy and successful we could all be .... there should be some fees to cover risk of a loan i think but not interest per-se ... maybe interest and fee-free loans to those with excellent credit from govt loans though ... it could be done ... demand the federal reserve be audited and killed ... DEMAND IT

Answer 2

You don't understand economics. The government owns nothing, it only borrows from the people. Without the banking system the government would not exist. It is a bit too complicated to explain at this level of communication, but the only reason the USA exists is because the banks of the old European countries allowed the experiment of freedom to develop to see if the idea would create more profit for them. It has so far, and America will be allowed to exist as long as the profits continue to pour in.

Answer 3

The country couldnt afford to do that, tis a silly idea !!!
Why should the government do this, i think theres to much money lending going on, i say as someone who worked over 60 hours a week for the past 5 years, am extreamly organised with my money yet cant get a mortgage, while someone who works 30 hours a week is reckless with their money and borrows all the time to go and spend on the high street every weekend can get a big huge mortgage, because of there situation in life.
Were going to pot in this counrty, with people expecting to have it all without putting the effeort in to get it !!!!
Go and earn the money and you wont have to borrow!

Answer 4

People are in debt because they don't know how to manage money well. That's not the bank's fault. A bank is a business, not a charity.

Also the Government can't afford to give out interest free loans, we're already trillions in the red as it is.

Answer 5

They do issue interest free loans. They just issue them to the banking system. Also get used to the idea of "obligation to repay". One day when the world is perfect, love will make people do things for each other. Right now the best thing we have got is something called "obligation". The word *interest* is another way to say *obligation*.

Answer 6

It is called the Social Fund in DWP. For more information go to www.dwp.gov.uk and follow the links to Social Fund which helps with interest frees loan if you are on Income Support or Job seekers Allowance(income based) for 26 consecutive weeks

Answer 7

The government already does, you just don't make enough money to get them, AG subsidies, Oil subsidies, Loans to big business (Chrysler, Airlines), allowing white collar crime to flourish and the like. Read the writings of Buckminster Fuller, send all the politicians to the sun! Bankers are imaginary, they don't have any money either...

Answer 8

The govt will go bankrupt! some govts do give soft loans to farmers and others in kinds of enterprises that govt wants to promote, in many countries: also there are subsidies, in effect the same as you have proposed. by and large, individuals need motivation to work, sothat the society as such is productive! therefore, giving away free money is not healthy!

Answer 9

yeah and then you would be giving all the influence to those idiot politicians who would raise taxes even further and get interest that way which they would have to do because a lot of people are not going to pay the loans back interest free or not. They would own us.

Answer 10

Because by doing that government will not be able to earn something and give benefits to the citizens of their country in the form of free education, health care services, infrastructure and safety from the enemies.