You can’t go wrong with the 90% but I could have bought 2 ounces of bullion for $60 or 2.25 ounces of 35% silver for $50. It’s significantly more silver for significantly less money. A mixture isn’t a bad idea.
-
Biblical Families is not a dating website. It is a forum to discuss issues relating to marriage and the Bible, and to offer guidance and support, not to find a wife. Click here for more information.
Titus 1:15 and polygamy
- Thread starter Bartato
- Start date
As you said, the small denomination stuff is for barter. I try to keep a mix of things
And without value. The constitution requires silver or gold as legal tender. Fed dollars are an illegal fraud. And usury is immoral.
Debt is slavery. Anyone offering you debt, or a debt based monetary system, wants to be your master.
Debt based monetary system probaby. I would need to think more.
Debt itself isn't slavery. In fact even medieval village runs on debt. It is practically impossible to have any more complex economy without debt.
Debt is created any time when exchange of good/service isn't done at some time with payment. Think about electricity and water bill. You run washing machine and you have to pay water and electricity directly after is it run. It would be insanely complex to run utilities with such payment method.
Not really, it could be run the same as renting a house. First and last month paid at the beginning, every month prepaid.
But I think that you are focusing on something that is not a real problem.
Not being able or willing to pay for what has already been consumed is where real debt comes from. That would include taking a new car and paying for it for 72 months because “I have to have something reliable “
And it is no longer considered reliable after about 36-48 months.
Actually, even more. (Yeah, I've done entire teachings on this point, too.
)Check out Deuteronomy 25:13-19 in detail, and note the context, AND WHAT FOLLOWS:
"Dishonest weights and measures" - AND "all [kol] who DO such things"! - are not only "abomination (toebah) to Him" but are then followed up directly with a reference to Amalek (one of Scripture's Ultimo Bad Guy peoples).
They "smoke the hindmost" and "feared NOT Elohim." And what does the curse of dishonest money do? Inflation, which absolutely "smites the hindmost" - those who get the devaluing $$$ LAST, suffer most for it. (Remember the famous quote from socialist high-priest John Maynard Keynes about inflation..."not one man in a million" would be able to figure out what they were doing to them!)
They were so evil we were to "blot out the remembrance" of Amalek, even.
And YHVH "will have war with Amalek" from generation to generation.
PS> Here the quote:
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose...."
Good point
I also don't really consider debt really as "debt" if it is just a rolling balance (like the power bill) and I have the money to pay it off every month.
We do have a credit card that we use for convenience (like buying gas at the pump) and getting "cash back" . We pay the full balance off every month, and have never paid a cent of interest. It is still "debt", but also different than being "in debt".
I really hate the slavery of being in debt.
Almost 30 years ago (young and dumb), I borrowed some money for college. I tried to borrow as little as possible and paid it off as quickly as I could.
My wife and I also borrowed to buy our house. We bought a modest home that we could afford and paid off the mortgage as quickly as possible.
People should not borrow for cars or other consumer items.
I love being debt free. Unfortunately the wicked rulers of this country do not understand that concept.
Fixed it for you.
The wicked rulers are just giving them what they want.
Well said. I stand properly corrected
Prepaid is also debt relationship, althought not usual one.
You can owe favor, service, goods or something toward another, not just money. In prepaid business has service/goods debt toward you.
Again, any time when payment isn't happening at same time as service or title transfer of good debt is created. There is no exception.
Credit and debt are mirrors. They always come together.
And non of this has anything to do with the debt/slavery issue.
Btw: I have heard that some places in the UK they had or have meters that you feed in order to buy electricity for heat on a daily or hourly basis.
An interesting way to pay-as-you-go.
I has everything regarding debt/slavery issue.
Debt is needed for running world. I have explained why. Problem is when you have large amount of debt carried long time. Then your life neccessity becomes satisfying lender.
Not really. There are other mechanisms that will suffice to fund shipping and trade, and enable investment.
But Yah's Word clearly outlines the connections between debt, "torah-less behaviour," and slavery. There's even a difference between the kind of debt slavery now practiced, and "bondservice" has He outlined. And a process (aka, the Yovel, or "jubilee") to reset debt - which otherwise, inevitably, collapses societies. (and the math is pretty easy: see compound interest tables, and what happens AFTER about 50 years without His reset!)
Then why practically any larger business runs on debt? Buy now, pay 30/60 later. Also know as trade credit.
No debt in any situation implies never buy pay, pay later for anything. Or receive favor now, return later. That's insane. This would forbid thinks like peasant borrowing egg from neighbor for birthday cake today and paying/returning favor with another egg tomorrow.
It's no problem when debt is in small amounts easily settled. It is large long term that creates problem.
No, you explained why it's convenient, not why it's necessary. It's only necessary for the banking class to siphon off the fat of the land.
Debt is slavery...
"The rich rule over the poor, and the borrower is slave to the lender." - Proverbs 22:7
There are a very large amount of verses condemning / regulating / limiting debt in the Bible; old and new testaments.
First, the greatest source of debt aren't banks, but trade credit between businesses. So banks aren't ones "siphoning fat of land".
Secondly, they do have very important societal function. They do allow massing of capital which can they be deployed for productive purposess like building new factories and investing in equipment. Otherwise, your limits would be limit of your own productivity, instead of productivity of whole society.
Additionally, banks do provide income stream for savers. Not everyone is willing to risk his saving in business venture for part of profit. Interest rate income stream is much safer.
So nice from you to qoute Proverbs 22:7. All my comments here are in awareness of this verse.
Persistence of debt throught history proves it is useful tool for improving one's life. Otherwise, it would be replaced with something better. Debt itself is Lindy. But, it is very dangerous tool which is reason why warnings exist.
Unequal relationships between people are good by itself. For relationship to persist both side have to benefit. And never in Bible is servitude described as something evil.
What is stupid is to get yourself in unequal relationship as weaker side where you can't extract yourself easily. And debt, used stupidly, will put you in above situation. Key words: "Used stupidly". If every debt usage make you economic slave (losing your freedom of action) it would never be used.
What you guys haven't noticed is that verse is written from perspective of debtor. Looking from perspective of lender, message is: "Being lender is awesome, you get to rule people without kingly duties".
And, please, pay more attention where this verse is written. It's in book of Proverbs. Proverbs aren't universal rules to be obeyed blindy. You should first use your brain to determine is proverb's application good idea or not.
No, by FAR the greateset source of 'debt' is NEWLY PRINTED FIAT [fake] 'Money'.
"Owe no man anything, save to love one another: for he that loveth his neighbor hath fulfilled the law." Rom 13:8
There are lots more like this. The rules around debt in scripture limit it heavily, essentially for the aid of the poor, and make it uneconomic as a commercial enterprise. I'll take the Bible any day over the economic theories of modern man.
Last I checked fully 30% of all corporate profits was in the financial sector. So yes they are. Literally even: in farming, interests costs on land are more than what the land will profit a farmer in capital returns.
This one it has....
"Do not charge your brother interest on money, food, or any other type of loan." Deuteronomy 23:19
Bankers are evil doers and should repent.
Banks are very much siphoning off the fat of the land. Between the governments and the banks, much of the wealth and labor of the people is siphoned off.
Last edited:
I believe I can make, and have, a pretty solid case that when the "nomos of man" (driven by the banksters/'moneychangers'/userers) "did away with" His Instruction concerning compound interest on dishonest weights [fiat 'money'] that the "boom/bust/collapse" cycle became inevitable.
There is a Major Collapse (driven by debt, and compound interest on it, which mathematically can NOT be "repaid") that - after about 80 years or so - grows exponentially to infinity.
The Yovel (Jubilee) was in fact a "Giant Reset Lever" instituted by the Creator.
If it isn't 'pulled' about every 50 years...collapse is the inevitable consequence.
There is a Major Collapse (driven by debt, and compound interest on it, which mathematically can NOT be "repaid") that - after about 80 years or so - grows exponentially to infinity.
The Yovel (Jubilee) was in fact a "Giant Reset Lever" instituted by the Creator.
If it isn't 'pulled' about every 50 years...collapse is the inevitable consequence.