Fractional reserve & credit, fiat illusions

Congress may have given banks the authority to issue loans, but I have never seen or even heard of the statute that would allow banks to issue lines of credit.

One theory: Banks take your credit application, and use it to add value to their own resources- they simply manufacture extra 'money' on the spot ( these are electronic functions on computers) then they extend to you a line of credit, which is really your own money, in a sense. Then they want you to pay them back your own money, plus interest.

Everything in society is designed to convince you that you must have credit. But when you try to obtain any, you notice that every policy, every different card, offers essentially the same contract-take it or leave it. There is no real competition ( for/at each separate income level of the applicant).

Saint Aquinas argued against the use of 'interest,' calling it 'double billing'- you paid once for the original product, and then you pay again for the use of it.

The Old Testament, the New Testament, and the Koran, all strictly forbid charging 'interest.'

In Dante's Inferno, usurers were relegated to one of the inner circles of Hell, along with the blasphemers and the sodomites.

Credit card companies refer to customers that always pay on time, and seldom use their cards, as "Deadbeats."