Wednesday, October 2, 2013

Debt Is a Curse

Deuteronomy Chapter 28

[15] But it shall come to pass, if thou wilt not hearken unto the voice of the LORD thy God, to observe to do all his commandments and his statutes which I command thee this day; that all these curses shall come upon thee, and overtake thee:

[43] The stranger that is within thee shall get up above thee very high; and thou shalt come down very low.
[44] He shall lend to thee, and thou shalt not lend to him: he shall be the head, and thou shalt be the tail.

Let me ask you a trick question. Do you want to be sick? Of course not; no one wants to be sick. Sickness is not a blessing. We would never beg anyone to make us sick, but we fall on our knees before credit card companies and mortgage companies begging for the privilege of going into debt. This is crazy. Debt is a curse. It is found in the same list of curses that includes this one.

[27] The LORD will smite thee with the botch of Egypt, and with the emerods, and with the scab, and with the itch, whereof thou canst not be healed.
[28] The LORD shall smite thee with madness, and blindness, and astonishment of heart:
[29] And thou shalt grope at noonday, as the blind gropeth in darkness, and thou shalt not prosper in thy ways: and thou shalt be only oppressed and spoiled evermore, and no man shall save thee.

Do you want to visit wherever the Government stores samples of infectious diseases so that you can be smitten by the botch of Egypt? Then why in the name of God do you go out of your way to enmeshed in unnecessary debt?

Proverbs 22:7

The rich rule over the poor and borrower is slave to the lender.

This principle was the truth in biblical times. It is the truth today. When you take out a loan, you are giving your working life to a bank. If you understand this fact and have made a conscious rational decision that such a loan is in your self interest, so be it. However, the banks and the Government do not want you to make conscious rational decisions in your own self interest. They want to control your mind and your life. Of course there are others who hope that you are making decisions on autopilot. That is what marketing in a consumer based economy is all about. Every corporation and yes, even commercial religions selling you products, hope that you will remain docile, asleep, and enslaved.

When the very wealthy are asked what financial advice they would give to ordinary Americans. They always seem to start by admonishing the listener to stay out of debt.

The power of compound interest can work for you or it can work against you.

A five year note on a $28,000 car at 9% will cost you $34,873.80

Are you sure you can’t live without a new car for a few years?

Paying off $15,000 of credit card debt in 5 years at 21% will cost you $24,348.

Are you sure you can’t live without that new pair of shoes?

A 20 year payoff on $100,000 of student debt at 7% will cost you $186,072.00

Are you sure you can’t live without a degree from that private university?

As you walk through life, dealing with money, or anything else for that matter, ask yourself. Is this making me more awake? Is it increasing my understanding of the true nature of reality? Ask yourself, is this proposal or product making me free or is it asking me to exchange my freedom for security. Or worse, am I exchanging my freedom for a substance induced illusion of happiness?

Oh by the way, the ability to lend money to others is included in the list of blessings found in the same chapter of Deuteronomy.

[1] And it shall come to pass, if thou shalt hearken diligently unto the voice of the LORD thy God, to observe and to do all his commandments which I command thee this day, that the LORD thy God will set thee on high above all nations of the earth:
[2] And all these blessings shall come on thee, and overtake thee, if thou shalt hearken unto the voice of the LORD thy God.

[12] The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow.
[13] And the LORD shall make thee the head, and not the tail; and thou shalt be above only, and thou shalt not be beneath; if that thou hearken unto the commandments of the LORD thy God, which I command thee this day, to observe and to do them:

Which do you choose? Do you want to be blessed or do you want to be under a curse? Would rather pay cash and have money left over to lend to others or would you rather be a debt slave?

The choice is yours.

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