Changes

In the United States, most states have usury laws limiting interest rates. However, since 1933, only Federal Reserve Notes have circulated as current monies. By law, they are obligations to pay lawful money on demand (see Title 12 USC sec 411). But Congress repudiated that obligation in House Joint Resolution 192, June 1933, thus making said notes worthless (no par value).  

In the United States, most states have usury laws limiting interest rates. However, since 1933, only Federal Reserve Notes have circulated as current monies. By law, they are obligations to pay lawful money on demand (see Title 12 USC sec 411). But Congress repudiated that obligation in House Joint Resolution 192, June 1933, thus making said notes worthless (no par value).  

Though most contracts and taxes are denominated in dollars, due to widespread participation in Social Security (national socialism), Federal Reserve Notes are legal tender at face value. Obligated parties (participants) must accept their own notes as tender in discharge of debt. This area of law is complex, particularly since, during the period of high inflation in the 1970s, the Federal government passed a law exempting national banks from state usury laws. Every state has its own usury law setting a maximum rate of interest that may be lawfully charged.<ref>http://www.lectlaw.com/files/ban02.htm</ref>

Though most contracts and taxes are denominated in dollars, due to widespread participation in Social Security (national socialism), Federal Reserve Notes are legal tender at face value. Obligated parties (participants) must accept their own notes as tender in discharge of debt. Due to usury, the national debt is in excess of 9 trillions (October 2007), underwritten by the millions of voluntary contributors of national socialism.

 

This area of law is complex, particularly since, during the period of high inflation in the 1970s, the Federal government passed a law exempting national banks from state usury laws. Every state has its own usury law setting a maximum rate of interest that may be lawfully charged.<ref>http://www.lectlaw.com/files/ban02.htm</ref>

In many states the "legal rate of interest" may be 6%, but this only applies to rare situations and certainly does not mean that home mortgages at higher rates, or credit card finance charges (often as high as 18%, and even higher for dealings between companies), are illegal.

In many states the "legal rate of interest" may be 6%, but this only applies to rare situations and certainly does not mean that home mortgages at higher rates, or credit card finance charges (often as high as 18%, and even higher for dealings between companies), are illegal.

Note: Usurers are synonymous with exchangers and changers of money. Matthew 25:24 is often mistakenly interpreted, ignoring the condemnation of usury as a capital offense in Ezekiel 18:13. The "Hard Man" cannot be moral if he wants his servants to engage in an abomination.

Note: Usurers are synonymous with exchangers and changers of money. Matthew 25:24 is often mistakenly interpreted, ignoring the condemnation of usury as a capital offense in Ezekiel 18:13. The "Hard Man" cannot be moral if he wants his servants to engage in an abomination.

== References ==

== References ==