Showing posts with label usury. Show all posts
Showing posts with label usury. Show all posts

Sunday, July 3, 2022

Today's Favorite Verse: Psalms 15:1, 5

Today's Favorite Verse: Psalms 15:1, 5
"LORD, who shall abide in thy tabernacle? who shall dwell in thy holy hill?
He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved."

When is usury a good thing or a bad thing to the Lord? I thought of the parable of the pounds or talents and how the servant that hid it in the earth or laid it up in a napkin, so it didn't even gain usury, was a wicked servant.

"And he saith unto him, Out of thine own mouth will I judge thee, thou wicked servant. Thou knewest that I was an austere man, taking up that I laid not down, and reaping that I did not sow:
Wherefore then gavest not thou my money into the bank, that at my coming I might have required mine own with usury?"
(Luke 19:15, 22-23)

As I pondered over this I saw that they were suppose to gain by trading.

"And it came to pass, that when he was returned, having received the kingdom, then he commanded these servants to be called unto him, to whom he had given the money, that he might know how much every man had gained by trading."
(Luke 19:15)

As I read the other scriptures in the Topical Guide on Usury the issue appears to be when they took unfair advantage of another by charging them usury. The problem doesn't appear to have been when you trade and grain interest from the transaction. Even just leaving the money in the bank to gain interest is acceptable. It's when you're greedy and use unfair practices to acquire gain from the poor or charge family interest. Profiting over the hardship of another is what appears to be the issue.



Day 2652

Wednesday, February 15, 2017

Today's Favorite Verse: Leviticus 25:35-37

Today's Favorite Verse: Leviticus 25:35-37
"And if thy brother be waxen poor, and fallen in decay with thee; then thou shalt relieve him: yea, though he be a stranger, or a sojourner; that he may live with thee.
Take thou no usury of him, or increase: but fear thy God; that thy brother may live with thee.
Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase."

As I'm reading this chapter on the Sabbath year and the 50th Jubilee year and releasing people from their debt or bondage I wondered how that would be helpful to anyone that made a loan to them. The borrower would only turn around later and have their debt removed and you wouldn't get your money back. Then with the matter of usury, I could not understand how someone would lend and not get interest back. What would be the incentive to lend to someone? Then with these verses I realized this is pertaining to the poor or a family member. It is in these conditions that you do not require usury on what you lend to them. Now that is compassionate. Not profiting of the backs of the poor fits, and settles this whole matter in my mind. Paying interest on a loan is not a bad thing. It is the profiting off of the poor that needed one to exist that is.


Day 690