Comments on: The Church Condemns Usury. Is It a Sin, Then, to Own a Bank Deposit? https://catalog.obitel-minsk.com/blog/2022/10/the-church-condemns-usury-is-it-a-sin-then-to-own-a-bank-deposit Thu, 27 Jun 2024 03:57:43 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Ephraim https://catalog.obitel-minsk.com/blog/2022/10/the-church-condemns-usury-is-it-a-sin-then-to-own-a-bank-deposit#comment-7730 Thu, 27 Jun 2024 03:57:43 +0000 https://catalog.obitel-minsk.com/blog/?p=39302#comment-7730 The modern bank’s business model is to use our deposits to give out loans with an interest, and that is the source of the interest paid. Thus, without deposits the banks will not be able to give out loans – making each individual depositor a contributor to the industry.

I am curious then if this goes against the ‘spirit’ of usury?

If so, the question then might be what alternative do we have to safeguard our savings and assets outside of the modern bank.

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