The Modern Economic System is a Whore, who seduces Fools through Debts

The modern debt-based global economic system appears to be attractive on the surface, giving people the sense of pride that the world has moved on from the ‘backwards’, ‘unenlightened’ economic system of the past.  Indeed, this is what the world would like to think. However, because it knows the modern economic system is one that is oppressive, it regards it as an evil backwards one.

The modern economic system of finance is one the runs on debt. Debt is its life. If there was no debt, it would be dead. Most of the most floating around in the economy represents debt to be repaid to creditors. While one may have some cash that one has earned by labour, the rate of debt outgrows the rate of wealth creation. Debt is not wealth at all. It is bond money to be repaid to the master. Indeed, as it is written, “the rich ruleth over the poor, and the borrower is servant to the lender” (Proverbs 22:7). 

Debt brings bondage to mammon. Such bondage comes not from a moral conviction of the individual in debt to repay debt. If that was the case, only the righteous would be in bondage to debt whenever they are in debt for the wicked borrow and do not repay (Psalm 37:21). Both the righteous and wicked are in bondage to debt as along as a single cent is outstanding. 

Bondage to debt comes from the spirit of mammon who seduces people to live on that which is not theirs to their own satisfaction. He preys on the poor in particular, not because they have more to repay, but because they have less money to find satisfaction in. He seeks to make them insecure because they have less, seeking to blind them into thinking that money is to be pursued. He preys on the hearts of those who think of the money they have as theirs, and who need not repay one’s debts.  As long as one is seeking to pursue money, possessions or even basic earthly needs, one not only does not pursue God, but cannot pursue God. For Jesus said, “No one can serve two masters. You cannot serve God and mammon. You will love one and hate the other.” (Matthew 6:24) Nothing could be clearer than what Jesus said about serving God and serving mammon.

The spirit of mammon uses the obligation to repay debt to the creditor as an excuse to claim that one must serve him when one is in debt. That is how the spirit of mammon has power over the masses who trust not God, but live according to their flesh, seeking only for money among all other earthly things – anything but God.  He feeds on their fleshly desires to feel that they are able to trust their own money and possessions.  It is this desire for independence from God that people love to be able to think that they can trust in all their earthly things, leading them to trust in debt.  They love to think they can repay all their debts on their own because they love to serve mammon.  

It is not that the unsaved serve mammon through debt because they love the slavery that debt brings.  No wicked person would accept debt slavery, even if enabled them to obtain what they want because of their pride, self-entitlement, and their hatred of the need to make sacrifices.  The need to make sacrifices is anathema to the unsaved. This paradox of the unsaved hating debt, but loving it is perverse double-mindedness. They love debt on one hand, not because it frees them, but because it legitimises their independence from God, and their serving of mammon. On the other hand, they hate debt because it takes away their freedom to do what they want to their money, which is not truly theirs, but God’s, whether they acknowledge it or not. They want to do what they want with their money, and not pay debt to others because they are selfish. Nor do they want to serve God with their money.

A true Christian can also fall into such debt slavery and service to mammon. This is especially so if he is unsanctified, albeit saved, and immature in the faith. Even a mature Christian can be under the spirit of mammon if he does not guard his heart and falls into thinking that he could not be under it because he is a missionary, pastor, gives much money to his church, or actively serving his church. Many in the modern Church under the spirit of mammon,  precisely because they are not fully trusting in God to provide, such that they trust in debts, and the bank more than God.

The spirit of mammon feeds on the human desire to be independent of God. People love debt not because they love the bondage that it brings. They love debt because they can use the moral obligation to repay all of one’s debt as an excuse to serve mammon, by seeking their earthly needs. 

As wicked as those who seek to induce people into debt slavery and make profits of debt slavery by usury, every debtor needs to look at oneself as to why one wants to take debts before blaming the creditors.  The modern banks are harlots, seducing people into taking debts, making them victims. However, debtor himself is not without fault for he rejects the wisdom of God, and seeks to satisfy his desire to be independent of God, seeking to justify this vile sin.