Moneymoney

Sun Feb 24, 2019, 06:14 PM

Debt! The 800 pound gorilla that is destroying the world.

When you combine all govt., Corporate, and personal debt across the globe you get an outstanding $244,000,000,000,000 (trillion) or approx. 316% of the worlds GDP.

We are teetering on a catastrophe of untold proportions! And that does not even include the over 628 trillion in derivatives which is another disaster waiting to happen.

Just the top ten GDP nations, the govts owe a collective $62 trillion.

When this house of cards comes crashing down it could (emphasis COULD) be the catalyst that brings in the prophesied one world govt. of Daniel 7 which collapses to form the ten ruler confederacy that runs the world prior to the rise of the man who will rule the world!

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Response to nolidad (Original post)

Sun Feb 24, 2019, 06:17 PM

1. Oh FFS.

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Response to SatansSon666 (Reply #1)

Sun Feb 24, 2019, 06:44 PM

2. Definitely not the 10 Ruler Confederacy, but probably

the Zombie Apocalypse!

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Response to nolidad (Original post)

Sun Feb 24, 2019, 07:52 PM

3. Yep, all that debt and morons in this country are demanding we print $$$ to get that Green New Deal

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Response to quad489 (Reply #3)

Sun Feb 24, 2019, 11:07 PM

4. You do know the idiot Federal Reserve already prints money out of thin air, right ?

How do we even know what they tell us about the " debt " is actually true ?

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Response to Grumpy Pickle (Reply #4)

Mon Feb 25, 2019, 09:11 AM

8. ...and supposedly the Fed Reserve holds 12% (as of 2013) of that nat'l debt...

...if you believe "FactCheck.org":



more at: https://www.factcheck.org/2013/11/who-holds-our-debt/

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Response to nolidad (Original post)

Sun Feb 24, 2019, 11:59 PM

5. 2nd lateran council (1139) opinion of money lenders .....

"We condemn that practice accounted despicable and blameworthy by divine and human laws, denounced by Scripture in the Old and New Testaments, namely, the ferocious greed of usurers; and we sever them from every comfort of the Church, forbidding any archbishop or bishop, or an abbot of any order whatever or anyone in clerical orders, to dare to receive usurers, unless they do so with extreme caution; but let them be held infamous throughout their whole lives and, unless they repent, be deprived of a Christian burial."

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Response to rampartb (Reply #5)

Mon Feb 25, 2019, 07:28 AM

6. Yep!

Usury has been condemned since God called Israel to be a nation!

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Response to nolidad (Reply #6)

Mon Feb 25, 2019, 07:44 AM

7. the legal definition of usury has changed often during the centuries

during the middle ages any interest on a debt was considered sinful for a christian, leading to the incredible anti semitism of that era. ( the "merchant of venice" was not a christian)

during our lifetimes many states defined usury in terms of maximum interest rates. if those limits still exist they obviously do not apply to credit cards or payday loans.

the practical definition is charging interest rates known to the lender to render the debt unpayable.

how should a modern christian view usury? (damn, i'll have to take tm999 off ignore.)

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Response to rampartb (Reply #7)

Mon Feb 25, 2019, 06:22 PM

9. I think interest is part and parcel of lending and borrowing.

Even though the fed is totally unconstitutional, I do believe a rate established by a nation for it to lend with a few % markup for the private lender to make a profit is a reasonable thing.

Credit cards tend to run high and I believe payday loans are usurious in the evil sense.

This is a very amorphous question to answer. Our nation is so out of whack that it makes it difficult because of all the differentscenarios in modern society-like levels of risk to the lender eetc.etc.

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Moneymoney