About Jesus Steve Sweetman
going to a bank and asking for a loan.
A lady asks you, "what collateral do you have?"
The bank wants to know you have something valuable enough to
compensate for the loan in case you fail to repay it.
imagine answering her by saying, "I've got myself as
leaning back in her chair, the lady laughs and says, "sorry, you're
not that valuable to us."
moved back to Canada
in 1984 from the
ancient civilizations, including
view your debt to them as an asset.
The more money you owe them, the richer they are.
Of course that assumes you have something of value that matches
the value of your debt. This
became a problem that helped create our recent financial crisis.
Banks lent lots of money to lots of people.
That looked good on their books until the collateral that backed
these loans, and the homes that were mortgaged, lost their value.
When people couldn't repay their loans, the banks were stuck with
their clients' worthless collateral, making much of the banks' assets
around the world have borrowed lots of money to spend their way out of
the recent recession. These
governments borrowed from other countries and financial institutions.
all the money the American government has borrowed and spent in recent
years, some U. S.
government officials want to borrow and spend even more money.
isn't the only nation who has
dug itself into a deadly pit of debt.
Nations have been doing this for a few decades, but even more so
of late. If people and
nations keep digging themselves into a deeper pit of debt, there comes a
time when the pit is too deep to climb out of.
Then what happens?
individuals or nations have too much debt and too little collateral,
they become slaves to their lenders.
The Biblical principle is simple.
The one who owes the debt is a servant to the one who lends the
money. In one real sense of
the word, the debtor nations of the world are selling themselves into
slavery, just as an indebted man could do in Old Testament days.
speaking, I'm a Futurist. I
see at some future time the anti-christ and his new world order coming
to the rescue. He will take
a page out of the Bible and offer to cancel our debt.
In return for this freedom from debt, we will become his slaves.
Even though we free ourselves from debt, we enslave ourselves to
a dictatorial system. So,
whether we accept his offer or reject it, either way, our excessive
borrowing has enslaved us.