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This is what I found in the Bible about debts:

The borrower is servant to the lender.
   (Proverbs 22:7)

God commanded Israel to release their debts regularly, and I can understand the reason.
"At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the LORD'S release. Of a foreigner you may require it; but you shall give up your claim to what is owed by your brother, except when there may be no poor among you; for the LORD will greatly bless you in the land which the LORD your God is giving you to possess as an inheritance..."
   (Deuteronomy 15:1-4)

1 posted on 06/07/2005 2:57:08 PM PDT by blueberry12
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To: blueberry12

Is God going to pay my bills then?


2 posted on 06/07/2005 2:57:58 PM PDT by RushCrush (Never give in! Never, never, never, never! Never yield in any way great or small.)
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To: blueberry12

I take that either you, or the author, did not take Econ 101. Your posting is really full of commom errors. You talk about printing money, but money isn't created by printing. Only 10% of the broadest measure of money supply is in currency. Etc. If your interested in learning more I might suggest "Money" by John K. Gallbrath, despite him being a liberal it's a decent intro to the topic.


4 posted on 06/07/2005 3:01:01 PM PDT by Jack Black
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To: blueberry12

But the ammount of "money" in our system FAR exceeds the ammout of printed cash. You don't get the money to repay debt from other loans, you get it by trades goods or services for money in the form of a job or business. And most of what banks lend comes from customer deposits. The cash they put in circulation is more generally the result of customer withdrawal than loans, most lent money never becomes cash, it's generally in checks or sometimes just eletronic fund transfer certificates.


8 posted on 06/07/2005 3:05:04 PM PDT by discostu (quis custodiet ipsos custodes)
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