The Lingering Vulture of Debt, and Why It’s OK to Fight Back Against an Abusive System

The Year of Cancellation of Debts

What the Scriptures Say About All Your Outstanding Loans

(Deuteronomy chapter 15, verses 1–11) by Rev. Paul J. Bern

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I am dedicating this weekly message to people everywhere who are in debt, which includes the majority of the adult population in the US, Canada, western Europe and Japan, among other places scattered across the planet. When I use the term ‘in debt’, I’m including mortgages, car loans, credit card debt, furniture, appliances, pawn shop and title loans, and whatever else you can think of. What do the Scriptures say about this? You’ll be very surprised at first, which will likely be followed by anger and outrage. First, let’s examine mortgages.

The Year for Canceling Debts

“1) At the end of every seven years you must cancel debts. 2) This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the Lord’s time for canceling debts has been proclaimed. 3) You may require payment from a foreigner, but you must cancel any debt your fellow Israelite owes you.” (Deuteronomy 15, verses 1–3)

Paying Off a Mortgage? You’ve Been Had

All you who read or view this, if you’re trying to pay off a 30-year mortgage, you’ve been victimized. All of you who are mortgage holders are being ripped off right up in your faces. For many years you have worked diligently to repay your loans, only to find out as you read or view this that you’re being robbed, and that this has been going on in your lives for years, possibly many years. Capitalism used to be the best overall economic system in all of human history, but it has been abused to the point of being run into the ground. An example of how this is occurring can be found as we continue from the text I’m using.