Monday, 11 July 2016

How Tension between Savers and Borrowers is a Manifestation of Usury

Usury is interest on a loan, a charge made for lending. The Bible calls it an abomination (Ezekiel 18:13). Even secular atheistic people have condemned usury for being exploitative and evil. The ancient world, as wicked as it was, condemned usury, in the true sense of the term, that is, all interest on a loan. It was not only seen as unacceptable, but treated as an evil means of oppression and the height of all avarice. Usurers in the ancient world were satirised, mocked and ridiculed through literature. 

To borrow and not repay is wicked in itself (Psalm 37:21). So, people who borrow money from a bank or another financial institution act and do not repay act wickedly. They are obliged to repay all their debts to the lender and will give an account to God for not doing so on the Day of Judgment. This is because borrowing and not repaying is  a sin. However, on the other hand, there are savers who receive 'returns' on their deposits, properly called usury, who in receiving such returns, are enslaving those borrowers to debt in effect. 

These borrowers are placed in a position of debt slavery, serving debt, as a result of both borrowing money on their own part, and the savers receiving usury, ultimately because the bank is seeking to create credit for its own profits. This is the fruit of usury which is not merely a charge on a loan, which is wicked in itself, but that which has a evil power behind it. 

That evil power is the spirit of mammon who seeks to enslave, control and dominate people through debt, so that they will serve him and not God. Usury is a mere means which he uses to murder souls. He makes the evils of usury even more perverse, by making usury a means of survival, from the earthly perspective, in seeking to justify usury. He manifests himself through all the modern financial realities which he uses to deceive people into justifying usury.