O you who believe, fear Allah and give up what remains of your demand for usury, if you are indeed believers. But if you remit it by way of charity, that is best for you if you only knew. Politicians have seldom looked at money-lending at interest as the cause of widespread poverty in the midst of plenty, because whilst this practice was once forbidden by Judaism, Christianity and Islam alike, it has become universally accepted in the modern world of secularism. Yet this is illogical on several points. Unlike Land, Money is infinite when not artificially restricted, which it often is.
Money is man-made out of nothing and at tiny real cost.
This credit creation confers enormous economic power and influence on those usually private institutions who have secured for themselves monopoly rights in this money issue. That private banks create money out of nothing is a fact too little known amongst the public. Our national debt stands at over 200 billion pounds, and that of other industrialised countries is of similar magnitude. Their loans are not backed by any real wealth on their behalf. When you give your house or business as guarantee for their money, this money is not backed by gold, silver or tangible wealth.