More Yom Ha'atzma'ut Links and More Interesting Recent Links
Yom Ha'atzma'ut
Reflections on Israel Independence and Memorial Day
Restored-Jewish-Sovereignty-in-the-Land-of-Israel Day
Maran Rav Ovadia On Independence Day: This is a Day of Torah Learning
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Mashiah-Related
A Very Interesting Quick Story
Another Prophetic Message
A Messianic prophecy for 1840-1, Pt. II
Israel’s Superiority to the Rest of the World, In What Really Matters
Yom Hasho'ah
Heter Iska Removal
Rabbi Shmuel Eliyahu Wants Banks Without Interest
Baseball Jews
At Wrigley Field, Orthodox vendors going the way of Cubs wins (I know lots of these guys quoted and actually interviewed for this job once. Long story. Anyways, for sure read the last 3 paragraphs.)
Miracles
Sefirat Ha'omer on the Bus
Miscellaneous
Tales Of Rav Kook, Ben-Gurion, Rav Shneur Kotler, And More: An Interview With YU’s Rabbi Zevulun Charlop (h/t R' Gil)
posted by yaak @ 5/06/2014 03:59:00 PM
3 comments
3 Comments:
the big mitzvah of the erev rav is the building of the state as physically safe haven for yidden . The state must send its idf intelligence comitees with el al planes to bring these jews to physical safety at once ! this is there mitvah , and saving physical lives of jews is the highest of all the positive mitzvot . Hashem built the state with am haaretzs , this the creators will .
Thanks for the link!
I posted this at YWN about heter iska:
Central Banking is an evil institution. It is empowered by the government, through legal tender laws, to quite literally create money out of nothing. Even worse, money is LOANED into existence, at interest. Were all the debts of the economy actually paid off, there would be no money circulating. Let that sink in.
It is inherently dishonest money. The rav is right that the salaries are obscene. They are, but not because of assertions of communist thinking and the like. The financial sector in any economy is by definition parasitic. Its only purpose should be to foster productive economic activity. For that, historically, banks could reasonably earn roughly 5% of all the profit in an economy (a very generous amount too, given their function). However, the banking sectors in most economies with central banks, particularly the major ones, are siphoning off 20, 30, even more percent from the productive economy. This is avaricious beyond belief, and ultimately unsustainable. This legal theft has blown bubble after bubble.
Ending heter iska for real would be a death blow to the Bank of Israel (good riddance!). Banks could no longer profit by loaning money into existence at interest. Price inflation, fueled by monetary inflation, would cease immediately.
Since the government would not want to lose control of money entirely, it would almost certainly be forced to redefine the shekel as a hard currency, namely the historical silver shekel.
Given how tied up money is with sovereignty historically, I would say such a move, were we to see it happen, would be a major advance towards the geula.
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