The constitution prohibits the establishing of laws based on a religious belief or religious law; it is the fundamental basis of the separation of church and state. The constitution makes no such prohibition, nor virtually any other of any kind, to the private sector. That is to say that a private company can base its policies and procedures and/or operating guidelines on religious law and/or religious belief. This is guaranteed by the bill of rights (freedom of religion/freedom of speech).
The Meat and Potatoes:
The concept of “Lending Money” is one so absurd and ridiculous that it belies all logic, yet it is just one more “impossible” scenario that we make a part of our daily lives. Our civilization, as it stands in 2011 could not function at all without the lending of money, after all it is how money is created; you deposit your money in a bank, let’s say $1000.00. The bank, under the pretense that you will not withdraw that money immediately, can take a portion of it; let’s say $500.00 and lends it to someone else as if it were theirs and charges them interest on it. By accepting the loan from the bank (of your money) the beneficiary of the loan now has $500.00 dollars of your money that they bank lent them, but you also have the same $500.00 in your account; you’re just not using it right now. By doing this, the bank created $500.00 dollars, or at least that’s what we believe. In this post, I will not write any math intended to demonstrate how or why money can’t be borrowed or lent, because even though it can’t; we do it every day. In this post, I’ll stick to our present reality – to the last detail.
The lending of money is based on an analysis of credit risk. The function of credit risk analysis is to establish a person or entity’s creditworthiness. Creditworthiness is established by companies like FICO who assign a score in relation to a person’s creditworthiness. In order to determine this score, FICO’s slated objective is to predict the likelihood that a consumer will go 90 days past due or worse in the subsequent 24 months after the score has been calculated. Barring the fact that it is not possible to predict the future, the commercialization of predicting the future is officially classified as fortune-telling. Fortune telling is recognized in many states as a legitimate business as evidenced by the ability to obtain an occupational or business tax license to operate a fortune telling establishment (with a disclaimer that it is for entertainment purposes only). The reason that fortune-telling is classified as a legitimate business category is that fortune-telling is considered an aspect of witchcraft and witchcraft is officially recognized as a RELIGION in the U.S.A. and is therefore protected by the constitution.
In conclusion, even though the lives of every person in the country and most of the world, even governments are determined by their creditworthiness, there is no law regulating creditworthiness, credit scoring or credit rating, if there were, the law would be invalid because it would be based on a religious premise (witchcraft). At the same time, determining a person or company’s creditworthiness is technically an attempt to predict the future, which technically; is an act of witchcraft. When this is applied to the general public, we are able to glimpse our reality: Every person who has a loan, mortgage or credit card or in any way has borrowed money has (whether they know it or now) technically practiced witchcraft. There, that should light a fire or two under someone’s butt; they can’t argue the facts, however. Banks lend money by trying to predict the future of a person’s creditworthiness. The lending of money is the principal financial mechanism of the world’s economy; it is also the active practice of witchcraft, in reality.
It doesn’t get much more real than this.
We can do better.