Biblical Concept: Surety
Prologue:
"Finally, there seem to be but three Ways for a
Nation to acquire Wealth. The first is by War as the Romans did in plundering
their conquered Neighbours. This is Robbery. The second by Commerce which is
generally Cheating. The third by Agriculture the only honest Way; wherein Man
receives a real Increase of the Seed thrown into the Ground, in a kind of
continual Miracle wrought by the Hand of God in his favour, as a Reward for his
innocent Life, and virtuous Industry."
-- Benjamin Franklin (Positions to be Examined, 4 April 1769)
"I believe that banking institutions are more
dangerous to our liberties than standing armies. If the American people ever
allow private banks to control the issue of their currency, first by inflation,
then by deflation, the banks and corporations that will grow up around [the
banks] will deprive the people of all property until their children wake-up
homeless on the continent their fathers conquered. The issuing power should be
taken from the banks and restored to the people, to whom it properly
belongs."
-- Thomas Jefferson
/Letter to the Secretary of the Treasury Albert Gallatin (1802)
Prologue:
The
recent Federal Government bailouts of large financial institutions (Freddie
Mae, Fanny Mac, AIG Insurance) is just practice for the looming financial
problems with gigantic social welfare programs: Social Security and Medicare –
see America's Total
Debt Report - page 1 - by MWHodges, massive
Government Employment – see Grandfather
Government Growth Report by MWHodges, etc. Bailouts = Government printing more
money. The massive size of the debt /
promises in these gigantic social welfare programs will not be solved by
printing more money. “
The Biblical Solution:
NAS Deuteronomy 23:19 "You shall not charge interest to your countrymen:
interest on money, food, or anything
that may be loaned at interest. 20 "You may charge interest to
a foreigner, but to your countryman you shall not charge interest, so that the
LORD your God may bless you in all that you undertake in the land which you are
about to enter to possess. (Lowest
interest rates possible for citizens and highest possible interest rates for
foreign business investment = a growing economy. To get out of our 53 trillion dollar
hole/pit/chasm/abyss we need massive growth in our economy and massive cuts in
government size--and thus spending. Remove capital gains taxes, remove corporate
income taxes, remove death taxes, deregulate business as much as possible. All of the above will help us grow
out of the $53 trillion in debt.)
NAS Exodus 22:25 "If you lend money to My people, to the poor among
you, you are not to act as a creditor to him; you shall not charge him interest.
26 "If you ever take your neighbor's cloak as a pledge, you are
to return it to him before the sun sets, 27 for that is his only
covering; it is his cloak for his body. What else shall he sleep in? And it
shall come about that when he cries out to Me, I will hear him, for I am gracious. (Empower
the poor to become productive
members of our nation. This will
help us grow out of the $53 trillion in debt.)
NAS Proverbs 6:1 My son, if you have become surety for your neighbor, Have given a pledge for a stranger, (In the following context of vv. 2-5, Solomon warns his son about becoming a debtor to a stranger. Foreigners should be debtors to us. This will help us grow out of the $53 trillion in debt. Before the institution of income taxes, our Federal Government employed tariffs on foreign imports to fund the government.)
NAS Proverbs 11:15 He who is surety for a stranger will surely suffer for it, But he who hates going surety is safe. (Solomon warns about becoming a debtor to a stranger. Foreigners should be debtors to us. This will help us grow out of the $53 trillion in debt.)
NAS Proverbs 17:18 A man lacking in sense pledges, And becomes surety in the presence of his neighbor. (Solomon warns about becoming a debtor to a stranger. Foreigners should be debtors to us. This will help us grow out of the $53 trillion in debt.)