SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Mining Stocks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: I_C_Deadpeople who wrote (3930)10/20/2004 4:46:57 AM
From: Michael Bidder  Read Replies (1) of 4051
 
THE GAME India : Money Lending.

Amir is a banker. His brother in law Kamir has no Job. He tells Kamir to loan money out to the villagers for tractors or whatever. Amir arranges the loans to Kamir who loans it to the farmers. Some farmers’ default, (as was expected or planed) and Amir squeezes Kamir who has no recourse ;) but to seize the land of the farmers.

I have seen it first hand with a family I lived with in Kerala South India. A rich family who's wealth is from the impoverishment of the poor who were loaned money. The whole village knew and feared this family. People are usually killed in the collection process and I have no doubts about that from what I learned in this area. The Bible warns against it. It's called money lending.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext