Thursday, December 09, 2010

Debt Kills

Poor countries throughout the world are encouraged to go into debt to the World Bank so that they will be forever servants of the Western banks.

Kids who look to a future of service of the needy must look forward to paying off their educational debts. They must serve the status quo before they serve the poor, and if they have time and wisdom and energy to escape the maze of increasing debt, then with whatever they have left they can serve the needy.

It is a basic requirement of our society to get into debt to banks if they are to buy a house, a car or to take care of a financial emergency, such as getting very sick.

The New Testament has two things to say:
If you loan, don't expect to be repaid. Jesus says in Luke 6, alongside other commands we ignore, that if we loan out money, we are not to expect to be repaid at all, let alone expect interest. This means to me that if any follower of Jesus is employed by a bank, they should get out ASAP, for they are fundamentally an anti-Jesus institution. We shouldn't expect interest, and if we loan out, we shouldn't punish people by taking away their livlihood if they don't pay back. Jesus' command: if you loan money, it's really a gift.

Also, if you seek to be in economic debt for your desires, don't. Paul says, "Owe no one anything, except the debt of love." We aren't to seek debt. This doesn't mean that we can't borrow something and pay it back next month. But we are not to be in permanent debt, it is not to be a lifestyle. And the reason for this is clear-- if we are in financial debt, then it is difficult to pay the love we owe to everyone in need.

What can we do?

Get rid of our credit cards
Pay off whatever debts we have
Christian educators should not put students into debt-- an alternative system for making a fair educational system must be made.
Small, no interest loans must be available for those who are in need.
Debt should be eradicated from godly society

And all believers should encourage the banks to forgive the debt of poor countries.

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