Debt Slavery

Dear Brothers and Sisters in Christ,

I'm republishing this old e-mail because of our current national emergency.  What Moses and Jesus command is not optional.  Today, I would use different dollar targets and percentages because I've learned more about the problem in the past months.  This is a Christian problem.  I pray that we take it to heart.

 

Yours in Christ,

Herb Swanson aka Augie

 

“Wednesday, January 11, 2012

 

“Re James Bennet's talk on C-SPAN today.  The issue of the cost of leverage was not discussed.  American labor at say $25/hr with typically 900% leverage costs out at $225/hr in world markets.  How does this impact jobs?  What would happen to jobs if usury laws were enacted at say a 21% true interest cap to reduce at 3%/year to a final max of 3%?  What would happen to jobs if lenders were required to write off bad debt at say 10%/yr?  Many Americans say these words daily, "Forgive us our debts, as we forgive our debtors.”  This expresses, among other things, the Hebrew law of Jubilee.  What would happen to jobs if we were actually obedient to this law?  What would happen to jobs if American business, individuals, and government were not so saddled with debt?  “Forgive” expresses the novel idea that debt should be erased.  The novelty lies in the fact that we should actually be obedient to that for which we so obviously pray.  Please comment on the air.

 

“Sincerely,

Herb Swanson”