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Debt is a tool
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combine ken
Posted 11/23/2009 11:44 (#935249 - in reply to #935195)
Subject: Re: Debt is a tool


southern Alberta
I heard one Old Testament scholar explain the Levititcal Law on borrowing this way. According to him, if you understand the culture of the day in which it is written, the way it was, if you borrowed money and repayed it on the terms set out and agreed upon under the contract you have an agreement, neither is indebted to the other. However, if the borrower falls behind on the agreement then they are indebted to the borrower and could be sold into slavery along with their family to satisfy the debt under the law.

Debt is a tool and we are warned about it useage. The best advise I received in this area was from my father-- A banker is like a use car salesman, just he sells money, not cars. Don't believe what he tells you, and he don't care about you either.
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