What is the biblical take on charging interest (among other things!)? Given today's financial credit crisis - consumer debt, banker debt, national debt, this is a very relevant matter. What is God saying through this credit crisis?
"If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest."
“The US central bank is slashing interest rates, accepting piles of nearly worthless securities from commercial banks as collateral for emergency loans, and pumping hundreds of billions of dollars into the economy. A problem that began last summer in the lowest grade US mortgage market (sub-prime) has spread around the world, moved relentlessly up the quality ladder and sucked credit from the global financial system like oxygen from a flame... Over the weekend, experts talked about the risk of the financial system’s wholesale collapse. Some even drew parallels between today’s situation and the credit crisis that produced the Depression...”
Professor Thomas Homer Dixon, “Global
Capitalism on the Brink”, Globe and Mail, March 22, 2008
“Don't love the world's ways. Don't love the world's goods. Love of the world squeezes out love for the Father. Practically everything that goes on in the world—wanting your own way, wanting everything for yourself, wanting to appear important—has nothing to do with the Father. It just isolates you from him. The world and all its wanting, wanting, wanting is on the way out—but whoever does what God wants is set for eternity.
1 John 2:15-16, MSG
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