Usury - Abuse of the Low Income Family

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Sep 15, 2019
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#41
Strong's is only a dictionary showing how words were used in the KJV. It has no evidentiary value outside of the KJV.
You know it contains a Hebrew and Greek lexicon, right? Or are you just pretending you don't for the sake of making your position easier to defend?
 
Sep 15, 2019
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#42
For a time I was puzzled at your insistence that ALL charging of interest is inherently evil.

Then I remembered that you are a conspiracy theorist, and one of the favorite conspiracy theories is that the modern banking system was founded by those wicked Templar Knights.

So yeah, I can see why it's crucial to believe charging interest is evil.
Ha, ha. It's actually easier for me to believe that charging interest is not evil. I mean, how easy is it making a living by charging someone else to use my money, but if their venture fails, it's all on them and they've still got to pay it all back or I take their house and car and whatever else?

Nah, my belief that interest is usury and usury is theft (or plunder) comes from the bible. It was permitted in the Old Testament to charge usury to enemies, but the fact remains that usury was any amount (not an excessive amount). If Christians want to justify it, I'm sure they could argue they're charging usury to our enemies (the heathens or pagans), but that doesn't change what it really is.
 

Dino246

Senior Member
Jun 30, 2015
25,489
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#43
You know it contains a Hebrew and Greek lexicon, right? Or are you just pretending you don't for the sake of making your position easier to defend?
What is between the same covers is irrelevant because you cited the dictionary, not the lexicon.
 

Lynx

Folksy yet erudite
Aug 13, 2014
27,410
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#44
Ha, ha. It's actually easier for me to believe that charging interest is not evil. I mean, how easy is it making a living by charging someone else to use my money, but if their venture fails, it's all on them and they've still got to pay it all back or I take their house and car and whatever else?

Nah, my belief that interest is usury and usury is theft (or plunder) comes from the bible. It was permitted in the Old Testament to charge usury to enemies, but the fact remains that usury was any amount (not an excessive amount). If Christians want to justify it, I'm sure they could argue they're charging usury to our enemies (the heathens or pagans), but that doesn't change what it really is.
Can you provide chapter and verse on why it is evil for me to pay interest if I borrow money to buy a car?

It seems rather unfair to expect a banker to loan me money out of the goodness of his heart. Even if banks did that, it would seem unfair to me. I am using their money to buy something now instead of waiting until I have the money later to buy it myself. They should be recompensed somehow.

What you claim directly conflicts with my ethics, so I'm going to need a little explanation here.
 
Sep 15, 2019
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#45
Can you provide chapter and verse on why it is evil for me to pay interest if I borrow money to buy a car?

It seems rather unfair to expect a banker to loan me money out of the goodness of his heart. Even if banks did that, it would seem unfair to me. I am using their money to buy something now instead of waiting until I have the money later to buy it myself. They should be recompensed somehow.

What you claim directly conflicts with my ethics, so I'm going to need a little explanation here.
Just do a search for usury. When the banker (i.e. a real banker who lends real money, not some make-believe fiat debt created for free by the government or its cronies), the banker lends you money, and he gets his money back. What has he actually done, that he should be recompensed? If the money is at risk - that is investment, so he shares in the risk (so he has no right to demand it all back if you lose it all or take a loss), or he shares in the reward if you make a profit. But usury (interest as demonstrated in previous posts) where the banker takes interest for the lent money and maintains the right to get it all back irrespective of whether the investment succeeds or fails is condemned as dishonest like theft.

Deuteronomy 23:19 Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury:

Leviticus 25:36 Take thou no usury of him, or increase: but fear thy God; that thy brother may live with thee.

Ezekiel 22:12 In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou hast greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord GOD.
 

Karlon

Well-known member
Mar 8, 2023
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#46
The most popular purchase made with the income tax return of younger taxpayers is down payment an automobile.

My granddaughter and her husband are in that category. They have one child and an income of $600/week. They have a small home that is paid for, and utilities are around $200/month. He works about 5 miles from home. Their car broke down last November, and they depend on other family for transportation. They need a dependable car with low mileage. In shopping around, the best price for what they need is around $20,000. They have $5000 to put down on it, but they have no credit. Lenders will finance $15,000 at 24 to 27%. Interest alone is $300 per month. The normal interest rate for someone with good credit is 4% or about $50 per month.

The reason given was high default rate. I can understand why. Paying $600+ a month for a 5 year old car is ridiculous.

What do you believe is a fair interest rate?
it's not abuse of the low income family. banks & car co.'s seem strict but their plan is to earn $ no matter who you are. they can't risk anything risky on their account.