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. America has become more debt-dependent than ever before with total debt of $53 trillion, or $175,154 per man, woman and child.

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.)

 

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