Usury: the Science of Shylock

The Church’s teaching against usury has been infallibly defined and confirmed over and over again, but especially in the Papal Letter of Benedict XIV known as Vix Pervenit. In that encyclical, the pope stated: The nature of the sin called usury has its proper place and origin in a loan contract … [which] demands, by its very nature, that one return to another only as much as he has received. The sin rests on the fact that sometimes the creditor desires more than he has given…but any gain which exceeds the amount he gave is illicit and usurious. A lender has the right to be made whole…to be compensated for services and the effects of inflation…but he is not allowed to make a direct profit…or gain…upon the loan itself. The Holy Bible is very clear on this point. The Book of Exodus, for example, reads: If you lend money to one of your poor neighbors among My People, you shall not act like an extortioner toward him by demanding interest from him. The Psalms and the Prophets confirm this prohibition. King David wrote: Lord, who shall abide in thy tabernacle? Who shall dwell in thy holy hill?…He that does not ask interest on his loan. And Ezekiel added: The upright man is law-abiding and honest…He never charges usury on loans, takes no interest, abstains from evil…It is Yahweh who speaks. Usury is always the main cause of economic collapse. Usury is the root cause of business cycles…of rapid expansion and rapid contraction…of Bull and Bear Markets…and always guarantees the concentration of wealth and mammon in the hands of a few. Usury is the cause of countries being unable to pay their bills. Since 1950, the US Federal government has paid more than $10 trillion dollars in interest using the value the dollar today. It is compound interest that has bankrupted virtually every nation in the developed world. Making usury illegal would virtually eliminate many of these evils and would guarantee a wider distribution of ownership and wealth in society. The debt would be one-third of its current size without usury. Furthermore, without usury, money could be used in more productive ways as investment and could produce a just profit. Only when Shylocks are once again despised and unjust interest and profit are taken out of the lending process will sanity and justice return to the field of lending and borrowing. For more please visit www.reginaprophetarum.org & remember to say 3 Hail Marys for the priest
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[@ChristianSaintSavior]

This is a topic which rarely gets brought up in the Catholic Church today. An insightful homily. GOD bless!

[@alanbolton7803]

Nothing of value is brought up in most churches, in the west specifically.

[@Arigato0]

Usury is one the biggest evils in our world today we Muslims are with you in this fight

[@JAHTrekON]

The prohibition of usury is reaffirmed in Islam.

[@godemperorletoatreidesii6971]

They benefited greatly from the banking practices so no surprise there

[@KitchenAhoy]

Allah has forbidden interest and warned of SEVERE punishment in the life to come after death.

[@jim-baron]

If the Church would be loud and clear on this teaching again, so much misery could be avoided.

[@martist911wasits-not-real4]

The church has been co-opted and infiltrated by them many many years ago. Martin Luther knew.

[@sandile84]

I take back what I said about teaching Shakespeare in schools. This play must 100% be taught in schools.

[@nickc6570]

That's kinda the problem, they don't actually want you to learn things like this

[@whitespacemarines4308]

AMEN!!

[@widehotep9257]

Shakespeare is too long-winded and confusing for the average teenager. The evils of banking can be summarized in a few paragraphs.

[@michele-33]

@@widehotep9257 There are books not as long as the author known as Shakespeare, rewritten to be more easily understood. The purpose of Rockefeller created public school system was to dumb down kids starting at a young age, keeping them children for as long as possible. Not long ago many 'teens' spoke several languages, etc. 'Teen' is a relatively new thing. People were adults or children. Apologies for poorly written msg. I have 4 kittens climbing over me at the moment :) Ps: The Pharisees and Sadducees were against Jesus for His teaching on the sin of usury... Among other things... flipping tables of money changers at the house of God wasn't received well. God bless

[@skp8748]

@@widehotep9257 Shakespeare's is not long winded at all... It's essential reading for anyone living or wanting to understand the western world.

[@louisroth5941]

This is where it all started. “Selling your soul” really means to take out a debt, because you indebting yourself to someone therefore becoming their minion.

[@apitterson17]

Very interesting

[@mk00012]

@@apitterson17 “The borrower is a slave to the lender” (Proverbs 22:7)

[@Castropher]

You're not selling your soul if it done out of necessity. In order to afford a place to live, we take out loans on interest. In order to work you need to pull out a loan to afford a car so you can get to work, because walking is not a legitimate option. It is the lenders who are selling their souls for profit.

[@louisroth5941]

@@Castropher The existence of a system is not proof that it should be so.

[@syedqadri4467]

@@Castropher it’s not the everyday people like yourself that are victims of this usury’s system that are the problem. It’s the system.

[@abridealdipratama6861]

Protect Father from rothchild banker.

[@JohnnyNada]

Amen

[@alisalbulushi]

No wonder they have been kicked out 109 times...

[@Keys879]

They know!

[@firstlast2386]

oy vey

[@Jager6S]

SHUT IT DOWN GOLDSTEIN!

[@saltinodavito2135]

​@@Jager6Syou people have such a childish sense of humor

[@JESUSCHRISTISTHEKINGOFKINGS]

​@@saltinodavito2135 No one is joking, Moshe.

[@livinginahotdog1563]

Back in the day it made sense: money is labour in physical form. You work something, you get some money. Making money by using the fact you already have money went against everything. Look nowadays where we are

[@KenDelloSandro7565]

Dante put usurors and sodomites in the same level of hell. Sodomites take that which is fruitful, sex,and makes it steral. Usurors take that which is steral,money, and make it fruitful. Dante definitely had some Devine insight.

[@sarahsoapovich526]

*sterile. GRAMMATIK MACHT FREI

[@svaneska]

*Divine

[@sweetcaroline2060]

Thank you, Ken. I get what you're saying. Sorry for the rude people here.🙏

[@maplebear6527]

@@HUMShaBaK Nobody is having more fun than us

[@louisalevine3711]

It s not rude to correct spelling errors. It does not HAVE to be done, we all understand what is being said, but when someone makes a correction, it's not rude.@@sweetcaroline2060

[@santiago321lat]

The focus on interest detracts from the fact that banks do not lend you their money or depositor's money. Banks lend you your money by monetizing your future labor. The bank brings almost nothing to the table other the clerical task of carrying out and recording the transaction.

[@firstlast2386]

Well said

[@GerNiels]

Banks create the money they lend you out of thin air. It is literally just an accounting trick.

[@GerNiels]

We dont even need banks, the government can do the same job at no cost to society.

[@timmy-wj2hc]

​@@GerNielsPrecisely. Even the US constitution gives the power only to the government to print money. The Federal Reserve is a private institution that is anticonstitutional.

[@thefrontlinetv]

Father is such a fantastic priest. Rock-solid :)

[@angelmeyers1455]

Why do Catholics call priests "father" when Jesus clearly says "call no man father..."?

[@claylippert7203]

Angel Meyers I guess I’ll call my father “Matt”.

[@mariemiller8740]

Angel Myers Abraham was called father, there are more in bible I wrote them out for a woman but can’t remember them all check out themostholyfamilymonastery and they have a video on this and on justification by faith alone

[@sweetcaroline2060]

@@angelmeyers1455 Why do non-Catholics even watch our videos? I would no more watch Protestant videos than watch CNN. I prefer the WHOLE truth.

[@Model3GenerativeANdroid]

My gifts to you all: _And this is life eternal, that they might know thee the only true God, and Jesus Christ, whom thou hast sent._ - John 17:3. _"And mention in the Book about Mary when she withdrew from her family to an eastern place.” “So she took a veil (to screen herself) apart from them. Then We sent unto her Our Spirit (Holy Spirit) that presented himself to her a perfect man.”_ _“She said: ‘Verily I take refuge in the Beneficent (Allah) from you! if you are God-fearing.” “He (the angel) said: ‘Verily I am only a messenger of your Lord that I bestow on you a pure son’.” “She said: ‘How shall there be for me a son while no man has touched me, neither have I been unchaste.”_ _“He said: ‘So (it will be)’. Your Lord says: ‘It is easy for Me, and that We will make him a Sign (miracle) unto the people and a Mercy from Us, and it is a matter decreed. “So she conceived him (Jesus) and withdrew with him to a distance place.” “And the pains of childbirth drove her to the trunk of a palm-tree. She said: ‘Would I had died ere this, and had been a thing forgotten’.”_ _“Then (a voice) called out unto her from beneath her: ‘Grieve not! Verily your Lord has made a stream to flow beneath you’.” “And shake the trunk of the palm-tree towards yourself. It will drop on you fresh ripe dates.” “So eat and drink and refresh your eye; and if you meet any mortal, say: ‘Verily I have vowed a fast to the Beneficent (God), so never shall I speak today with any human being’.”_ _"Then she brought the child to her people, carrying him (in her arms). They said: ‘Verily you have done a very indecent thing’.” “O sister of Aaron! Your father was not a bad man, nor was your mother an unchaste woman.”_ _“Then Mary pointed to him. They said: ‘How shall we speak to one who is (yet) a child in the cradle?’” “He (miraculously) said: ‘Verily I am a servant of Allah; He has given me the Book and made me a prophet’.”_ _"And He has made me blessed wherever I may be and He has enjoined on me prayer and almsgiving so long as I live.”_ _“And (He has made me) kind to my mother, and He has not made me arrogant unblessed.”_ _"And peace be on me the day I was born, and the day I die, and the day I shall be raised alive.”_ _"This is Jesus, son of Mary, a statement of truth, concerning which they doubt.”_ _"It is not befitting to Allah that He should beget a son. Glory be to Him! When He decrees a thing, He only says unto it: ‘Be’, and it is.”_ Holy Qur'an - Surah Maryam (Chapter Mary) 19 : ayat 16 to 34.

[@elkeb9344]

Amem! Thank you father, God bless you.

[@phoneticau]

this story needs to be told far and wide

[@seallustrator]

This priest speak in conviction. Very powerful

[@dulynoted2427]

One thing all religions should agree with, is the evil of money and the corruption in government deciding legislation in favor of corporations over ALL people’s rights to clean air, water and earth that bares our food.

[@Jenab7]

Usury should be a capital crime, with offenders invariably executed and any illicit gains found in his estate confiscated prior to allowing the usurer's heirs to peck over the leavings, if, indeed, there are any.

[@jamesmcelroy5830]

Yes. That and war profiteering as well.

[@unnamedpodcast603]

​@@jamesmcelroy5830 Without usury the war profiteering you speak of is impossible because as a natural human behaviour war is high risk, high reward, whereas good trade is low risk, low reward (in comparison). Without usury humanity would almost certainly opt for a sustainable system of low risk, low reward trade over this current system of high risk, high reward war.

[@esekay3648]

This is the music industry's entire model...usury... This is what Kanye is talking about and this is what kyrie is experiencing...

[@bjklein444]

Interesting to hear. Most haven't been taught the problems of debt slavery.

[@derrickmcadoo3804]

I highly respect the references here, from both Biblical AND other historical figures (such as kings and philosophers).

[@ThePhilosophicalINFP]

Thank you for speaking out on this. So many other evils have come about via the silence of this terrible perversion. Dante put the usurers and sodomites in the same circle of hell for good reason--they both rub two things together mimicking a union that should produce something substantial but which produces only vanity.

[@balrog262]

Eww.

[@elizabethmitchell2963]

Well said! 🤔👏🏼👏🏼👏🏼

[@firstlast2386]

😂😂

[@zackyoung6504]

“Sodomy takes that which is fertile and renders it sterile, Usury takes that which is sterile and renders it fertile.”

[@omp365]

its the number one shame on earth that so few people realise how much energy/value is syphoned off by the bank/fiat system.. or in other words, so few people understand how good the world could be if we took the interest off money.

[@wills242]

Absolutely! People clearly can’t see that A to Z reduction in value and don’t understand how robbed they are by the practices. There’d be worldwide riots if it weren’t for the fact that so many themselves feel compromised/guilty by now. The crimes of the masses however are negligible compared to the crimes of the professional user.

[@anotherhairlessapewithanop7455]

@@wills242Most people I try to talk about it, just give a response somewhere along the lines of "it's just the way it is"

[@danielgummer9273]

Everything we buy today I s costing us TWICE as much as it should if we didn’t have a debt based money system - End Usury !

[@briankFF247]

Property Taxes sound like usury to me. Any thoughts from anyone else?

[@KEP1983]

bpkoch I live in NJ in a poor area and pay $12,000/year in property tax. People in the ghetto here are forced to pay $8,000+/year in property taxes. It's completely evil.

[@GreenKnight1979]

Property taxes are theft. It's an involuntary payment made through coercion under the pretense of providing you with services, even though you don't want those services or could get them elsewhere privately.

[@briankFF247]

Here in Texas, the tax rates don't go up, but the appraisal districts jack up the land and home values, and that makes the taxes go up. In reality, no matter how much you pay, you really never own your land. I agree, it is pure evil.

[@sue-by7sh]

School taxes are usury for people with no kids.

[@briankFF247]

sue200012 or if you homeschool

[@myangelwings45]

Thank you Father, however the Canadian Government charges 5% compound interest on money owed to them. Pray for me for I can't repay Them.

[@insidesomebigbox8587]

"Render therefore to Caesar the things that are Caesar's". Since you owe money, pay it back (in installments if you can), and then refrain from usury and educate others to refrain from it.

[@zeeek1]

From 1938 to 1974 Canada's Publicly owned banks created our infrastructure by loaning the Federal, Provincial and Municipal governments loans at 0-1% interest. The 1% was fed back into the system to help stabilize inflation or pay for social programs. We paid our war debt in record time compared to the rest of the world. Since 1974, P.E.T signed over our right to issue our own currency to the BIS and IMF. Since then, we paid 3% interest on these loans to international bankers, today it's up to 6%!!! OF COMPOUND INTEREST. We have never paid a dime back of the principal since and this is where the majority of our deficits come from. Now, Justin wants to run up the credit card and finish us all off.

[@sweetcaroline2060]

@@zeeek1 That's the plan. To cripple the economy. Biden is well on the way. Makes it easier to abolish private property.

[@oswaldm6035]

​@@insidesomebigbox8587 dont pay jews what they steal from us legally.

[@saltinodavito2135]

​@@sweetcaroline2060ahh yes the evil capitalist plan to abolish private property

[@paulbany6603]

Thank you Father!

[@jimsteele2072]

The rothchild is the shyloks shylok.

[@nate882]

don't forget the hoare family

[@green9832]

Great video.

[@truthhurtsdoesntit4099]

We have all been converted to Judaism through the use of money.

[@nawmsayin8017]

/facepalms

[@Bluuplanet]

The speaker's biblical references are found in the old testament....the Jewish bible.

[@captainmorgan757]

@@Bluuplanet yes, the Old Testament is credited to Jews (God's formally chosen people. That all changed with the advent of the long awaited Messiah; Our Blessed Lord Jesus Christ). For the faithful, the Old Testament is divinely inspired. Even if God chose a poor sinner to take pen-in-hand to write His divine word. If God would only use those whom are without sin to write His holy writings, that would make for an excruciatingly limited pool of individuals. King David was no exception to being sinful, but yet God chose King David to write the book of Psalms. *Any* book of Sacred Scripture (New or Old Testament) was divinely inspired, but written with sinful hands. I think I may have strayed a bit of course, but I hope that you understand the jist of my words. God bless you!

[@JGAstaiza]

The prohibition of charging interests to the poor is a Jewish Law from Torah, which Jesus, a well known Jewish Rabbi, with a Jewish mother and Jewish followers, descendent from the Jewish King David, said we must follow.

[@XavierIsraelMatamoros]

I think you mean Talmudism

[@ZZZELCH]

Well done

[@singularvesselofdevotion]

Awesome and informative Homily. I love all of the priests on SF, but this priest is my favorite. He was definitely gifted with the power of speech and is incredibly intelligent! 3 Hail Marys for you, Father!

[@thomashuth1612]

Ross: 👏 you blick through my friend.

[@Kenzofeis]

There is a tale about the inventor of the chess game that he presented it to a king that wanted it and asked the price. The inventor said "Oh, for all the the squares on the board, one grain of wheat the first year for the first square, two grains the next year for the second square, four grains the next year, and so on until the last square?" The king thought of this as a bargain and as foolishness of the inventor, and agreed. After only a few years there was not enough wheat to pay for it.

[@vaughanlloydjones3884]

He wasn't the inventor of the chess game. He was a peasant representative of a starving village who the king refused aid. It's about the normal exponential function. The villager won the chess game and became owner of that kingdoms grain stock.

[@Kenzofeis]

@@vaughanlloydjones3884 Then there are two tales

[@Mr196710]

@@vaughanlloydjones3884 I read where the king just had him slayed.

[@dawnmelton3013]

Leviticus 25:37 You shall not lend him your money for usury, nor lend him your food at a profit.

[@AbdulQadir-vl4bz]

9:44 "even Muslims have always condemn usury" The true fact is that Islam goes even to further extend of defining the use of usury as one of the gravest sins where the Lord God declares war on the ones involved in usury. Islam holds equally guilty the one who lends the one who borrows and even the ones who witness such transaction, in real life the bank, the bank employ that signs on the application and the consumer, ALL EQUALLY GUILTY!!!

[@danielpuleio6438]

Abdul Qadir peace be with you

[@Arigato0]

Peace to those who follow the guidence

[@sandrashane677]

We should all close our bank accounts so we are not complicit in this crime against humanity

[@nafisanwari6288]

@@sandrashane677 You can keep money in the bank, but it should not have any interest. So just use Current account, not Savings account. And in the event that you gain any unintended interests, donate that amount of money to the poor and ask for forgiveness from Allah (swt)

[@user-nj9nl5uy6d]

This is so interesting. As Muslims we scrupulously avoid interest. You can either lend money with no interest (as a righteous deed), or co-invest with the one who needs money and then share in profits and losses.

[@HalideHelix]

That's very interesting. So no practicing Muslim can give a usury loan?

[@serhatkariparduc8962]

@@HalideHelix Correct.

[@hinkhall5291]

*Jewish character named Shylock.* 😂😂😂

[@nicholasvogt2524]

Thank you father!

[@Primordial_Synapse]

Would the church's teaching on usury as stated in this sermon have any effect on real estate speculation?

[@strategicgamingwithaacorns2874]

Interest on loans is Usury, which is sinful. Interest on deposits, on the other hand... I honestly don't know whether or not it us Usury.

[@vishalsingh2233]

Yes it is

[@drangeldeguzman68]

Thank you father❤

[@desertrat1111]

Very good advice, as usual. But, the only question I have is without allowing the lender a small profit, what incentive does he or she have to lend?

[@chefEmersonWilliams]

EXACTLY!

[@harrydaniel6699]

The incentive is just being good at heart, you shouldn’t lend money and expect to make a living off that. Simple, it might keep the economy small but it insures that REAL wealth is being produced

[@aquagorilla]

I think you meant to say “lender” and “lend” instead of “borrower” and “borrow” i.e. what incentive does the lender (issuer) of the loan (money) have if they are not to receive any interest i.e. excess on the loan amount in return? The answer to that revolves around undertanding the difference between a monetary loan contract and other forms of contracts. With a monetary loan contract that charges interest, the interest is being gained strictly from the issuance of the money. There is no investment, risk sharing, or concern with whatever endeavor the borrower will undertake to earn back the principle AND the interest. Note that money is being lent - not a pair of oxen to plow land, or a drill to dig a well - but money, a representation of value used to facilitate exchange of goods/services. Therein lies the unnatural, sinful, parasitic aspect of usury. Money doesn’t beget money. We shouldnt’t forget that all wealth ultimately comes as provision from God, the creator of the Heavens and the Earth. Rather than charge interest on a monetary loan, a lender can instead provide the loan amount as an investment into whatever endeavor the borrower will undertake to generate wealth that (hopefully) will provide in return to the lender an amount greater than the initial investment amount (positive ROI). Thereby, the lender makes gain not strictly upon the issuance of the money, but as shareholder of the wealth-generating endeavor. As such, the lender is also assuming risk beyond just the monetary the loan. Usury is an abomination of Satan. Christendom reached its greatest heights of material success AND moral purity by recognizing usury for the evil, sinful abomination that it is and rightfully prohibiting it.

[@desertrat1111]

@@aquagorilla Correct, my mistake

[@desertrat1111]

@@aquagorilla Correction has been made, thanks

[@hartwellj100]

I love this priest

[@cainmorano4956]

I'm not sure what this means beyond unreasonable fees (beyond a fee and time value of money interest) for use of someone else's money to build, create, or gain something. For example, should I expect the bank to buy me a house or give me a business with no benefit to them? How does this idea work in an economy and not between friends? I'd never charge interest on a loan to a friend but how what should I do if they want 1.2 million dollars to buy a factory and hire employees?

[@xyzmediaandentertainment8313]

Look up islamic banking. It's not entirely a fix but it's a slight improvement I suppose.

[@numbersindia5312]

What incentive does the lender have for taking the risk of lending? Best option would be for government to lend

[@bonifamanlover]

Oh my gosh he's sooooo amazing! The topics are always relevant and interesting. God bless you father. You're so insightful and inspiring.

[@Reckless-mindfulness]

Quran says that Usary is like declaring a war against GOD, Jews and Christian adopted it as their primary form of economy!

[@keithmayhewhammond5357]

I have a question. Is retirement investing, such as Registered Retirement Savings Plans, then also considered usury? And if so, then what can the working class do as an alternative to be able to provide for his family without falling into sin? Or is retirement investment considered different because the interest is based on money being used rather than simply lent?

[@widehotep9257]

Receiving any amount of interest is sin. I am guilty, too, because the escrow account at my credit union pays me a few dollars of interest.

[@keithmayhewhammond5357]

@@widehotep9257 I'm not so sure. In looking into it further, think Catholic Answers gives a pretty convincing answer as to why receiving interest today is not the same as it was based on the difference in how money works in our current economy. If it were sin it could only be venial. The Church has to allow for a way for the average working man to provide for his family which includes savings. The problem is that without being able to have interest in a system that relies on inflation, no one could save any money. I am not saying that the current system is good, and obviously it was not designed by Catholics. But if remaining in the world we do have to use the worlds tools. Earning interest on savings is also different than earning it on a loan. The bank is taking your money and investing it into businesses. That puts your money at risk. The interest is from profit which is a reward for the risk, since one can also lose the money invested. I think the bigger issue is in knowing where the money is being invested, since most companies are evil. Gratefully, the Knights of Columbus now has a few ETFs for Catholic approved companies. I think that insurance is also a sinless investment because it is investing into other peoples security, making sure their families are taken care of if something happens to them.

[@widehotep9257]

@@keithmayhewhammond5357 Modern Catholic leadership now allows paying and receiving interest. But for the first 1500 years of the church, this was completely forbidden. Charging any amount of interest was considered a high crime, similar to murder and armed robbery. Usury was forbidden because of clear commandments by God in the Old Testament, as well as Jesus telling us to loan freely and forgive loans that cannot be repaid. The change started in 1515 when Pope Leo X suddenly allowed usury. His real name was "Medici" and he was from a super-rich Italian loanshark family from Florence. An excellent book exposing this heresy is "Usury in Christendom" by Michael Hoffman. We have all been deceived.

[@keithmayhewhammond5357]

@@widehotep9257 I understand the concept of interest on a loan being usury. But that is not the same as interest on investment. With investment the interest is reward for risk, and a sharing in profits. Investing into businesses and other peoples businesses has to my understanding always been allowed. The reason that interest/shared profit is allowed on business investments is because the person borrowing is using it for the purpose of trying to make a profit. It is not a desperate need of the poor. It would be unfair for someone to borrow money from you, make a profit from that, and then neither give you your money back or any of the profit. It is a separate matter. The money in this case is being used for something productive and not for exploitation. There is a problem also with saying that Pope Leo X's real name was "Medici". What you likely mean is that was his former name. When someone becomes Pope he takes on a new name, just as when someone takes vows in religion to my understanding. And that new name is his new real name. I am not denying that he changed the rules, but I simply don't think those rules have ever applied to business investment loans. I will look into the book, thank you.

[@widehotep9257]

@@keithmayhewhammond5357 Business investment and business profits were clearly allowed by the Church. But loaning money or anything else at interest was completely forbidden by the Church prior to 1515. Hoffman documents all of this in "Usury in Christendom," citing countless decrees, papal bulls, church records, etc. People were excommunicated for charging any amount of interest, and their estates were seized upon death with their wills being nullified. To gain reentry into the Church, usurers were required to repay any and all money they'd received as interest to the borrowers or the heirs of the borrowers. These rules applied to personal loans, business loans, etc. There were no exceptions for business investing. I may be wrong, but I believe it was allowed to invest in businesses for a fixed percentage of profits, like receiving dividends from a stock. In these situations, investors only receive profit if the venture is successful, but get nothing if the venture fails. This arrangement is quite different from usury where endless compound interest must be constantly paid regardless of the company's success. "Thou shall not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury." -Deuteronomy 23:19 KJV.

[@lizziebazel2194]

I work in a place that we must “sell” loans, is it sinful to work there? It is credit card company and this is one of the missions there.. I’m confused

[@bobsmith-ff8co]

Talk to a good, orthodox priest. Sometimes this channel can be a little too extreme.

[@Arigato0]

It is definitely impermissible to work there as interest is the same level as murder, it is in fact a declaration of war on God

[@jaysilva5854]

It's a credit card company. They make millions on interest how is it not sin. Still it's more of a sin not to pay your debts.

[@Keys879]

Yes it is. I hope you don't still work there.

[@elizabethmitchell2963]

Once you know better, you can do better… There are many debt consolidation companies that help people pay off their debts and clean up their credit. Peace be with you!

[@rosesprog1722]

Userers charge interests, what do you call those who pay it?

[@Spider_7_7]

Who is preaching this sermon?

[@dynishaabreu4544]

What is the difference between investment and lending of money. If I lend money in a company in return of profit....is that usury or investment?

[@oddassembler]

Risk is the difference. You risk not getting your money back if the company does not create more value. Interest is zero risk, all reward, and so money is being created out of thin air, and so the value of over all money decreases = inflation.

[@syedqadri4467]

Now this is something that the Muslims and Christians can agree on and build a just financial system that benefits all people.

[@marcihf9763]

I know several people who have had to file bankruptcy due to money loan places. I have tried explaining how they are thieves but it goes in one ear and out the other. They want the money right then and there instead of making sacrifices a few months and saving. :/

[@lakevacm]

Does the Vatican owe any interest bearing loans?

[@JohnnyNada]

Based

[@jdiz7081]

Based.

[@Car1Sagan]

I wish I could deal with Christian lenders. I have been hit with hard times, making mortgage payments have become difficult, and I am dangerously near forclosure.

[@sweetcaroline2060]

I'm sorry to hear that, Silver Slingblade. I hope you end up okay.

[@GalacticTradingPost]

@@sweetcaroline2060 no chance. any attempt at refinance now would result in higher interest. and homes have spiked since covid.

[@jagmichaelgilbert8523]

What priest is this? Thank you

[@andystitt3887]

Would investing in the stock market be usury?

[@spacetrains30]

Sensus Fidelium, can I confirm whether this means I need to close my savings account?

[@bonifamanlover]

Savings accounts are supposed to help you earn money. However these accounts don't even keep up with inflation. The sin is on them, not you. You're ok 😀👍🏿

[@ebrown0071]

I closed my savings account at Bank of America when they stole $500 in legal order fees. These Banksters give less than 1 percent interest on savings accounts anyway and so deliver minimal return on investment. I recommend starting your own bank and building wealth like the Rothchilds.

[@christoz77]

Quoting that usury doesn’t discern between interest and compound interest is madness It is important to encourage generosity if wealth If someone doesn’t receive any benefit from something The. They are doing it at a loss/sacrifice Free markets primarily work by reward Take away reward Get no work Communism would say any profit made is error Well that’s insane And just as insane is to swing the pendulum the complete absolute horror and empower unpayable debts- eternal slavery

[@CapitanoGUC-gf6el]

Questions: why should anyone lend money to someone without getting payed for ?

[@ziqb]

The purpose of lending money is to help a fellow human being who is in need of money If the purpose is to make profit, the money should be invested in a business

[@zackm5693]

💯💯💯

[@uncatila]

Finally

[@seconds-kr5uj]

They also twist exactly what APR is defined as.

[@Medhead101]

So what's the incentive for loaning? Is it just from the kindness of ones heart? That wouldn't be good enough for a large scale economy that we have today. There needs to be an incentive to facilitate loans so that capital can follow it's most productive use.

[@junesilvermanb2979]

en.m.wikipedia.org/wiki/Loan

[@harrydaniel6699]

The point of the law is that it prevents people from being in bondage to other people and insures that all economic transactions are producing real goods and services and not just a banker sitting on his ass while people work to pay him off plus interest. You’re essentially creating wealth out of thin air, which isn’t in alignment with nature or or other peoples humanity.

[@Keys879]

If I loan you $200 and charge you a $10 fee for the processing of that fee and maybe another $5 to open an account with my bank. I just made $15 in profit. Why do the CEO of Banks need to make $10,000,000 in salary? Do they work any harder than a man who mines coal?

[@RaffieFaffie]

>Is it just from the kindness of ones heart? Yes.

[@mousehead2000]

when you buy that beer in a bar you are paying a stealth tax. hidden interest.

[@flammenwaffenfries3039]

The gentiles know.

[@oathboundsecrets]

Landlords are usurors because they make money not from honest labour, but from lending shelter to workers at a rate above the worth of the shelter.

[@chefEmersonWilliams]

SUPER CRAZY. You would make it that people are homeless because those who can "lend" housing will not, if they cannot make a profit. And good luck to you if you are not independently wealthy or did not inherit land from your parents.

[@Keys879]

@@chefEmersonWilliams Let's say I buy a $100,000 house and the mortgage is $500/mo. and I rent that house to you for $1,200. I am making a profit off of you of over $700. More than double what it would cost your family if you owned the same mortgage. You rent for five years and at the end of that period I sell the house for $200,000. Not only did I make a $100k profit from the house but another ~$42,000 off of you. Nearly half of what it would have cost you to buy that same house. This is usury. But let's say I rented that same house to you for $600. Whereby the additional $100 was a fee that would cover cost of potential repairs and other matters. While you are renting, you are not paying an outrageous sum and are still paying on my mortgage for me. I now own, essentially, a "free" property and if I choose my tenants wisely, I might get to keep a portion of that $100 maintenance fee. Which, after 5 years is $6,000 ontop of the $100k i make selling that property. Meanwhile you could be saving that $36,000 for your own home.

[@Keys879]

@Vaas Montenegro Read the post again. You clearly stopped reading half way through.

[@vytautasmikuciauskas222]

Thats existed in middle ages, for example feudal lord owned a land peasants worked it and either they paid the fees or with servitude

[@sue-by7sh]

Thank you Father. 3 Hail Marys for you.

[@sakariasheikh9739]

Who is they? Most of the banks around the world use interest because it is safer for them but not necessarily profitable!

[@ephraimwarrior6766]

all this is in the Talmud now how they gods people they not case this not in the bible to do usury 1. Ezekiel 18:13 He lends at interest and takes a profit. Will such a man live? He will not! Because he has done all these detestable things, he is to be put to death; his blood will be on his own head. 2. Ezekiel 18:8 He does not lend to them at interest or take a profit from them. He withholds his hand from doing wrong and judges fairly between two parties. 3. Exodus 22:25 “If you loan money to my people, to the poor among you, don’t be like a creditor to them and don’t impose interest on them.” 4. Deuteronomy 23:19 Do not charge a fellow Israelite interest, whether on money or food or anything else that may earn interest. You may charge a foreigner interest, but not a fellow Israelite, so that the LORD your God may bless you in everything you put your hand to in the land you are entering to possess. 5. Leviticus 25:36 Do not take interest or any profit from them, but fear your God, so that they may continue to live among you. 6. Leviticus 25:37 Remember, do not charge interest on money you lend him or make a profit on food you sell him.

[@ryushogun9890]

Huh, if you borrowed money why would you be the victim? I just don't understand. If he lends you money and wants some back if you don't pay by the limit then why can't he be payed for the risk of the investment in you? It's the same logic as saying "someone going to prison is inhumane because people could just say sorry and only the poor will be going there" I'm really confused with this whole usury concept.

[@sauvageaux]

❤️

[@Steve-ft2oo]

From the Parable of the Talents: Thou oughtest therefore to have put my money to the bankers, and then at my coming I should have received mine own with usury. Take therefore the talent from him, and give it unto him which hath ten talents. For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath. And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth (Matthew 25:27-30). If charging interest were not legitimate, why would Jesus have used the example of money-lending as a legitimate way to increase capital? Why would He have attributed to God such words of condemnation for not having lent at interest? If the Vatican collects interest from bonds, isn't hypocritical to condemn money lending? They are two sides of the same coin.

[@chefEmersonWilliams]

Yes. THIS.

[@Papa-db9me]

Jesus is saying if the servant believes his master to be evil, then the servant should have at least used evil means to complete his mission. Instead the servant did nothing. That is not a justification for usury, but shows further that usury is viewed as evil

[@paulheffron4836]

What is considered a fair interest rate for mortgages and lenders? Bankers need to make a living for their services don't they?

[@ComicRaptor8850]

Fees can be added on to support staff and oneself for lending the money, but not at a rate of interest.

[@AlexKenas]

This is very informative and relevant to what I intend to preach when I become a cleric. I intend to change the public view of the American Dream, which was perverted in the aftermath of World War II by consumerism, which Arthur Miller's 1949 play "The Death of a Salesman" intended to raise awareness of.

[@MillionthUsername]

Miller was a socialist.

[@sweetcaroline2060]

@@MillionthUsername Yeah. I'm pretty sure he was, now that you mention it 😏.

[@JGAstaiza]

Thank you for the video. On the interest: one can always find a simple interest rate equivalent to a compund interest (algebra 101). I.e. the rate does not stop generating wealth just because it is expressed as simple nor it sarts to accumulate wealth just because it is in it's compound expression. The view of compound rates as a source of evil is an expression of ignorance on algebra. Moreover, the cost of equity is higher than the cost of debt, so for good investments it is better for the other to lend him and charge him interests than to claim rights on his property.

[@xyzmediaandentertainment8313]

Simple interest rate equal to compound interest rate would only work over a short fixed time period. In longer timeframes like 1000 yearsyou'd be charging >99% simple interest rate to match compound interest rates over the same period. Also unlike simple interest, compound interest creeps up and that's really what the issue is. Your are paying interest for the previous the interest and it just hits bigger and bigger.

[@qd-qj4go]

This is not true… what

[@deezynar]

If people are denied to make a profit off of their money, our society would return to conditions similar to that found in the 16th century. Forget owning a car, forget owning a computer, or having plumbing, or electricity. Those items require metals, and metals require large and expensive equipment to mine, mill, smelt, and fabricate into useful products. Investing and lending has been abused, but it is also extremely beneficial. Unless you want to live under the entire Mosaic law, you should reconsider this position. Christians are not under the law, and if we were, we would be restricted to an entire economy like that described in the Mosaic law. Our current industrial economy would be impossible, and our industrial economy has lifted most of the world out of grinding poverty.

[@sylviasimpson7076]

+ deez. So why is the 1st world rapidly becoming the 3rd world ?

[@l21n18]

Uh no lending money doesn’t create things and I find it weird how you think all these creature comforts should be one’s top priority anyways

[@luisarashirovideo]

The Old Testament is clear about who we shouldn't be charging interest, that is your brother. "You may charge a foreigner interest, but not a fellow Israelite" Deuteronomy 23:19. So it depends. When we think about a loan we always think about the banking system, while loans can happen between normal people, brothers and sisters. To loan money to an estranger is more difficult that is why the banking system was created, to loan foreigners, people who you do not trust. Excesive interest rates for me are usury, but some rates are ok. While Jesus said that putting money in the bank and gain interests was ok, so why the other way would be bad?

[@widehotep9257]

You are repeating a fallacy. God clearly and repeatedly says that charging any amount of interest is forbidden. There is only one exception: God allowed the Jews to lend money to their sworn enemies, the "nokri". God was allowing the destructive power of usury to be used as a weapon against pagan enemies of the Jews. The word, "nokri" literally means "foreigner" in Greek, but the context of the word used in Deuteronomy is a "foreign, hostile enemy." This is why charging any amount of interest was forbidden for the first 1500 years of the church. It was only "legalized" by Pope Leo X in 1515. He was a member of a rich banking family from Florence called "The Medici." You can read all of this in Michael Hoffman's book, "Usury in Christendom."

[@widehotep9257]

No, Jesus didn't say receiving interest was good! The Bible is crystal-clear that we are to loan freely without charging interest, and we are to forgive loans if the borrower cannot repay. This message is repeated countless times. The "parable of the talents" from Luke and Matthew is NOT supportive of charging interest or banking! Jesus was using an analogy to compare His return to an imaginary Master returning to his servants. One of the servants was lazy. The lazy servant became defensive and insulted the Master by calling him harsh and a thief. The Master then essentially said, "you may as well call me a usurer, too." If money-lending and charging interest is okay, why was it considered a terrible crime (similar to theft and murder) for the first 1500+ years of the church?

[@catherinekelly532]

But there are Shylocks everywhere!

[@harshitmadan6449]

If interest rates were abolished, almost nobody would loan money and nobody will have credit. Very few factories and stores will open.

[@TJF83]

That's not a valid reason for it to continue.

[@chefEmersonWilliams]

This makes no sense. If you are a small business owner and need a loan, who is going to give you one, just to get back the same money you borrowed, with just inflation added? That's not going to give anyone incentive to let you borrow. It does not make sense. Yes, as a nice thing to do, don't ask for interest. But here in the real world of business, no institution that is able to give you money will do so just to be nice. They will want to charge interest. That's how THEY stay in business, too! Can you imagine...? Just giving money to people and then just having them...pay you back? How do you make a profit? OK, outlaw usury. Fine. Then, poor and struggling folks who needs loans (like students trying to go to college), will just...be out of luck? And will people just be "nice" and give students the money they need for the first semester of college, and be deprived of their money for 4 years, just for the opportunity to be paid back? This would be great in a different society, like maybe communist. But capitalism requires the payment of compound interest in some amount, or else people will not lend...and if people will not lend, and people cannot borrow, there will not be development in business, education, etc. It's just crazy. Usury today MUST mean, an EXCESSIVE interest, not NO interest. That's common sense. I can't see God making us irrational, even economically irrational. He's a God of good sense, too. But for each other, as Christians, yes, we should not charge any usury. But we are not in a Christian utopia. This is not the City of God. It's real life. Back here on Planet Earth, hello!2

[@johneysz89]

Interesting that you've internalized the logic of Capitalism so hard that you put the word of God on the sidelines just so that the GDP graphs can keep pointing upward. Like the video says: there are societies in the past that outlawed usury, there are societies today that outlaw usury and there can be created other institutions like Christian banks that can offer loans at zero percent interest. It's also curious that you bring up student loans as an example considering that the consequences of student loans with interest are a disaster. A whole generation of people who can't get jobs and are buried in debt. Do you really think they are better of? Going in to bat for capitalism at this point is not logic, it's Stockholm syndrome.

[@guestaccount8038]

You only think of benefits and not the disadvantages. As you say that people need loans to survive and thrive on one hand the lender seems to be a benefactor to you... who is the only one to help you financially..... On the other hand they use your crisis against others by creating further crisis upon the mony you give them additionally. Your people and our people are not that heartless to not help you in times of need... We have turned into monsters I genuinely believe we humans have both good side and bad side in us... And we should try the best the suppress the bad side in us and bring the good side outside of us... They system you praise is the very system that turned wives against husbands and parents against children and neighbours against each other and communitiesagainst each other all for sake of selfish survival of thyself.... The society is in decline because we all fight each other on mony People have turned against their own just cause they cannot pay for themselves let alone taking care in another person finances. We all used to dream and now people cannot even think more than how survive till the end of the month. Your loan intrst benefactors are your enemies

[@drugsmadilla]

The only people to dislike this video are probably SWEJ

[@Yes-ms6po]

What happens if someone defaults? I thought interest is supposed to cover the cost of possible default.

[@Mantis858585]

SHYLOCK ...I make my money multiply as fast as those sheep...

[@jaysilva5854]

It's more of a sin to owe a debt you cannot pay than a person charging interest. You got into their business product now u pay

[@l21n18]

How if it’s illegitimate

[@jaysilva5854]

@@l21n18 Hey anytime you owe any company they have power over you. I would say charging fees on top of interest illegitimate but it happens all the time. Again if you fall into the business product and are not smart about it financially you pay the price.

[@Keys879]

@@jaysilva5854 Tell that to an entire generation of kids who were brainwashed into attending college for an asinine cost and given access to unreasonable loans without the education to protect them from such usury practices. The World is never so black and white.

[@cardboardcapeii4286]

OY VEYY

[@saltinodavito2135]

You're hillarious bro

[@cardboardcapeii4286]

@@saltinodavito2135 thank you!

[@mikeschmiesing6406]

This priest's biggest problem is that he does not address opportunity cost.

[@oathboundsecrets]

Capitalists serve and worship Mammon.

[@cookrileyw]

This still does not make sense as money is always worth more in the present than in the future. This a basic concept called the discount rate. Secondly, effectively, anything can be sold for its function and not its owner ship. This is called rent. The wine example is silly as one can sell wine with the requirement that a person not drink it. Of course this would reduce the price of it as it would no longer be as useful. But the idea that one can not separate the uses of an item is not correct, there are many many things that can be sold that are partial owner ship. My biggest frustration is that no one seems to consider the economic surpluss of effectively any commodity. Think about it, if someone lends money and then purchases items which will benefit him far more than the money, he now gets to have the benefit but the lender get nothing, in fact less than nothing as opportunity coast is very real. If anyone can properly explain this, I would like to hear. I am extremely knowledgeable of banking and economics and all honesty every time i try to understand usury. It is explained by people who simple do not have a very great grasp of economics nor implications of what they are stating.

[@zelenplav1701]

Usery

[@iamscoutstfu]

People invest in companies to see a return (generally). A loan is an investment in a person, but the return of that investment is not received by the lender, because the infrastructure providing that return may be a business, to which the output the lender has no claim. How then, is a lender supposed to see any return? Why would I lend to you when I will see nothing but my original investment returned to me? Why would I do that when I could invest that money in something that will produce a greater return. Matthew 25:14-28 Again, the Kingdom of Heaven can be illustrated by the story of a man going on a long trip. He called together his servants and entrusted his money to them while he was gone. 15 He gave five bags of silver[a] to one, two bags of silver to another, and one bag of silver to the last-dividing it in proportion to their abilities. He then left on his trip. 16 “The servant who received the five bags of silver began to invest the money and earned five more. 17 The servant with two bags of silver also went to work and earned two more. 18 But the servant who received the one bag of silver dug a hole in the ground and hid the master’s money. 19 “After a long time their master returned from his trip and called them to give an account of how they had used his money. 20 The servant to whom he had entrusted the five bags of silver came forward with five more and said, ‘Master, you gave me five bags of silver to invest, and I have earned five more.’ 21 “The master was full of praise. ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together![b]’ 22 “The servant who had received the two bags of silver came forward and said, ‘Master, you gave me two bags of silver to invest, and I have earned two more.’ 23 “The master said, ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together!’ 24 “Then the servant with the one bag of silver came and said, ‘Master, I knew you were a harsh man, harvesting crops you didn’t plant and gathering crops you didn’t cultivate. 25 I was afraid I would lose your money, so I hid it in the earth. Look, here is your money back.’ 26 “But the master replied, ‘You wicked and lazy servant! If you knew I harvested crops I didn’t plant and gathered crops I didn’t cultivate, 27 why didn’t you deposit my money in the bank? At least I could have gotten some interest on it.’ 28 “Then he ordered, ‘Take the money from this servant, and give it to the one with the ten bags of silver. 29 To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away. 30 Now throw this useless servant into outer darkness, where there will be weeping and gnashing of teeth.’ Or, in other words. When you lend money, it is proper to expect a return. Furthermore the nature of banks, as being institutions which borrow and hold your money, such that the investments they make produce a return, for you, is exemplified in this parable.

[@sumik2130]

“Those who live on usury will not rise up before God except like those who are driven to madness by the touch of The Devil. That is because they say; “trading is no different than usury, but God has made trading lawful and usury unlawful” (Quran: chapter 2, verse 275)

[@SwordHandler222]

Time is not worthless, you are getting money NOW in exchange for paying more later. There are many possible scenarios in which this could be necessary for you. If we were to ban interest, loans will just not exist, and people in the situations where they need money NOW will be out of luck.

[@thomasmichael6509]

That’s basically addressed at 8:12

[@jamesmcelroy5830]

It’s too late. Shylock owns and controls everything now.

[@ericvonbrauch4078]

debt is fake. Do not participate.

[@MMradnane]

@@SixCylinderSamurai at least you do not give up

[@nzvicman]

Right from the start Usury was a form of power over another. God understood this. Israel was to be the head and not the tail, the lender and not the borrower. God demanded Israel not to charge interest to a brother but to a stranger it was permitted. Deut 23:20 Reason: to gain servitude over the gentile nations and control them for the glory of God. In that way people would look to Israel and say who is their God. The church took this out of context but some jews held onto this understanding and used it to their advantage right up to this very day. Today the concept has been taken to the extreme to where the whole so called monetary system is all usury and there is no money at all. That is a whole other story.

[@sucubo28]

Shetar law

[@Vaewolfman]

funniest vid ive seen all year

[@monotheist..]

why? usury is sin right??? thats literally the core of the fed , enslaved usa citizen , printing money out of nowhere while charging interest, and cause inflation, read jekyll island book

[@malootua2739]

Christians sold out, now Christianity has no backbone

[@vishalsingh2233]

Usury is a sin, be it simple interest or compound.