CONTROLLED MEANING: A means to facilitate commerce through credit. The borrower is benefited in that he gets to buy the item/s sooner than if he waited until he could afford to pay cash. The seller is benefited in that the item/s sell faster since they can be purchased now, and financed by the bank.
ACTUAL MEANING: Liability or obligation created by borrowing.
“The rich rules over the poor, and the borrower is slave to the lender.” — Proverbs 22:7
Debtors are slaves to the lenders. This is exacerbated even further by the practice of usury. Lenders become richer, and borrowers become poorer.
Bankers have perfected a method of perpetuating debt, thus perpetuating their rule over the common people. That method is called “usury.” Usury prevents debts from ever being settled, thus the people are kept forever in debt to the bankers.
The Babylonian/Jewish-style banking system turns lending into a tool to benefit the lender. Scripturally, lending is supposed to be an act of kindness … to benefit the needy — not a usurious scheme to benefit an enterprising lender. Jews have historically been the premier money lenders and usurers due to the fact that they ignore Bible law and reject Christian ethics.
Scripture prohibits the practice of lending or borrowing for profit or business investment. Rather, biblical lending is a means to help a brother in need. God’s law forbids a lender from oppressing a debtor to collect a debt. His law further declares that six years is the limit any debt may exist. A godly lender must be ready to forgive any debt that the borrower cannot afford to pay back, or which extends beyond “the year of release.”
➝ Grasp at least the basics of economics — Who creates value? Who destroys value?. https://thegreatwork208716197.wordpress.com/2024/03/21/grasp-at-least-the-basics-of-economics-who-creates-value-who-destroys-value/
➝ BANK ACCOUNT. https://thegreatwork208716197.wordpress.com/2024/03/05/bank-account/
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