Thursday, 5 March 2015

The Pervasiveness of Usury

We live in a world that is so distracted by all the conflicts between people of different groups such as racial conflicts, battle of the sexes and conflicts between different religious or political groups. What almost no one realises is the the spirit of anxiety that operates through the daily days of majority of people. There is much evil in the world, there is no doubt. However, the root of anxiety is pride in the human heart, which results in a failure or inability to cast all of one's burdens on God.

The modern banking and finance system is usurious to the core. It permeates the whole western system, and more or less the global system. No one is untouched by it. It is like an octopus which spreads its tentacles to all unseen crevices. Such is pervasiveness of usury which many in the modern church fails to understand or care about. It feeds on anxiety, an anxiety now perceived to be normal.

One of the church's role is to expose evil and reprove them (Ephesians 5:11). The church at large does not understand what usury is, and most in the modern church have not even heard the term 'usury'. The Medieval Church was active in ensuring it was prohibited. Usury was regarded by the Medieval Christendom as an abomination, as much as adultery was. Its eventual tolerance of usury was the precursor to the modern western Anglo-American system of banking. 

The modern banking system is one full of deceptions, the way of the world. It gives its depositors interest as a "rewards" as a pretext for expanding its own credit through fractional reserve banking. The idea of fractional reserve banking is a deceptive doctrine itself, seeking to take from others what one cannot repay, but using false credit to back up one's borrowings. It has the guise of repaying back what one has borrowed, but takes only a fraction of what one borrows to repay the debt, while using the other to gain credit. It is evil, of the spirit of mammon. 

Usury is a Gospel issue, just as abortion is. Of course, abolition of usury is not the Gospel, but required as part of the Great Commission which is to not only preach the Gospel, but make disciples and teach people to obey God. 

Go ye therefore, and teach all nations, baptizing them in the name of the Father, and of the Son, and of the Holy Ghost (Matthew 28:19).