24% per month

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Joined: Thu Jul 30, 2009 8:19 pm

PostFri Aug 02, 2013 9:56 pm » by Harbin

if ye lend to them of whom ye hope to receive, what thank have ye?—Luke 6:34


Imagine a place where if one approached the police saying: “Thugs harass me. Every month they break into my house saying that if I don’t give them money they will beat me. They threaten me with knives. I have their names, here, look,” the horrified man would say while handing a piece of paper dirtied with the names of the criminals.

The police would study the paper with interest and smile malevolently. “Sir, you are under arrest,” he would say while moving to block the exit.

There is no need to imagine; those who like to portray themselves as “the only democracy in the Middle East” and are proud of having survived the recent economic crisis unscathed* provide daily examples of that. Grey market extortions plague the Zionist dream.
Police Violence by Latuff
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Police Violence by Latuff
Confessions of an Economic Hit Man

“It is your fault!”

“It is your fault!” The police officer would say to the citizen after beating him. “If you take a loan, you must pay for it!” He adds while adding one last strike for good measure.

“That is true,” an observer from an international human rights organization would explain. “You are right! He attempted to exploit the lender! This is a righteous State! Beat him more! Break his neck!” he adds while applauding wildly at the rhythm of La Marseillaise.

Both police and human rights organizations are manipulating truth. In fact, the State of Israel forces many of its citizens to take loans in the grey market.
Debt List

Grey Market Debt List
The New Conspirators: Creating the Future One Mustard Seed at a Time

Most people in Israel do not own their homes. They laboriously pay exploitative life-long mortgages to banks owned or controlled by the State. After they finish paying, the apartment does not belong to them. Most land is owned by the State and the State doesn’t sell land, it just rents it for 99 years.**

Israeli banks are tightly controlled by the government, especially after the 1982 collapse.+Credit cards issued by them are different from the American ones. Banks don’t give credit but offer a sophisticated payment system based on the client’s guarantees. The simplest credit is given against a proof of salary payment. The credit would be up to the amount of the salary. Since salaries in Israel are paid monthly, the bank has the absolute security that the client would have the money to pay the loan.

In other words, banks don’t take any risks while demanding hefty fees, which sometimes depend on racial considerations.
Recent trial of a grey market case

Recent trial of a grey market case, known as the Mosli Gang
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Did you know? Orthodox Patriarchate of Jerusalem sells the City

The Conquest of the Living-Room

How much does a mortgage cost in Israel? There is no single way of conveying this information to an outsider. The best illustration of the horror is that—on a monthly expenses analysis—it is more expensive to pay a mortgage than to rent the same apartment.

Denizens facing unexpected expenses would often be denied a loan by their bank since their salaries are already serving as guarantees for their mortgage. In despair, many approach the grey market, move silently blessed by the State.

Grey market is a wide term, used for the trade of commodities through legal but unofficial distribution channels. These are often unauthorized or unintended by the manufacturer. In Israel, the term refers mainly to independent money-lenders unregulated by the State.

This means that they sign personal lending agreements with customers. This private arrangement allows them to request higher interests than banks can. In a case that recently reached court and is nicknamed the Mosli Gang, it was proven that customers were required to pay an interest on the loan of 24% per month. Unless the loan was spent on the successful finding of a gold mine, most clients would find impossible to pay the interest.

As long as the money-lender pays taxes to the State, the latter doesn’t care about the deal.

The money-lenders are not innocent persons ignoring that the interest level they request is impossible to pay. Yet, since they are exposed to the State, they keep their actions clean, until the customer skips a payment. On that moment, they sell the debt to a third party which works under different rules. Customers failing to pay the interest get a phone call informing them that debt has a new owner.

The new owner cares very much about his money, and according to the disclosed in court is related to the Russian mobsters controlling much of Southern Tel Aviv. They are so nice that the client doesn’t need to reach their offices. They collect the payments at the clients’ homes. Those who fail to pay are thoroughly beaten. Even these are not enough to force the police to action.

The testimonies being disclosed in August 2013 in the Tel Aviv District Court are scary. One man who works only in temporary jobs took a significant loan to pay for medical treatments for his son. The lender deducted the first interest payment from the loan on the spot. When soon afterwards he failed to pay the interests, his loan was sold. The new owner told him that the interest payments will continue unless the original loan is paid at once. This is an odd arrangement to put it mildly.

The current trial is the result of a complaint made by a man known only as Amos. He was visited by mobsters who were searching his son. The latter was hiding within a closet in the house. The mobster didn’t find him and left. “I will go down to them so they will beat me and the story will be over. I can’t support this anymore,” said the son after he left his hiding place. Amos complained for his harassment, and the police was forced to start the investigation that led to the current trial.

The testimonies exposed are harsh, including street and home violence, the breaking of entrance doors, and the “conquering” of the client’s living room by groups of four or five men. The gang on trial used a uniform. They moved around with half-length trousers and large white skullcaps, clothes that the clients had learned to fear.

Since the thugs couldn’t be accused of being “Palestinian terrorists” and turned into political profit, and taxes on the original loan had been paid, the State didn’t care.

Is it terror legal? Under the oligarchy-favoring corrupt laws of the State of Israel, this criminal scheme is legal. Is it legitimate? No!


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Joined: Thu Jul 30, 2009 8:19 pm

PostSat Aug 03, 2013 2:47 pm » by Harbin

Actual living in 'the holy land' is quite different from idealized perceptions.

Don't you think ?

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