Deuteronomy 23:19-20 You shall not charge interest to your countrymen: interest on money, food, or anything that may be loaned at interest. You may charge interest to a foreigner, but to your countrymen you shall not charge interest, so that the LORD your God may bless you in all that you undertake in the land which you are about to enter to possess.
Interest free lending would promote national unity and good will toward your fellow countryman. It is a matter of looking after your neighbor and brother. Financial collaboration would be an outcome. People would be more interested in the success of others.
God does not want us to take financial advantage of our fellow man. These loaning practices were built into society by God. He understands the capacity of greed demonstrated by humanity. Don’t shaft your neighbor.
These financial concepts are nowhere to be seen in today’s economic world. Most people are not aware these statutes exist. Would our lives be economically easier if this were in place today? What a concept, it is a universal blessing from God if one loans interest free to their countryman.
April 2018: The Yield Spread is down to .43, is this a sign of economic turmoil to come? Watch this short video to learn about the Yield Spread, lowest level since 2007. See the video link for Michael’s analysis.
Do you have all your money in stocks and bonds? What happens if we see a sharp reduction in the markets. Have you prepared your life boat? Michael talks about alternate ways to make income without worrying about the markets. Check us out at https://michaeldouville.com. The first consultation is always free. Michael’s Book, How to Create a Real Estate Money Machine and Retire with Income, is available on line. Email Michael at michael@michaeldouville.com
