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COVID-19 has exposed why a system of credit is a t (Read 153 times)

Yadda

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A cat with a view

COVID-19 has exposed why a system of credit is a t
Mar 19^th, 2020 at 8:56pm

COVID-19 has exposed why a system of widespread [personal and business] credit is a trap [i.e. can be a lethal trap!!] for the economy of a state, when a crisis which affects the income of individuals and businesses rolls around.

Proverbs 22:7
The rich ruleth over the poor, and the borrower is servant to the lender.

And don't blame the wealthy lender !

If you are a borrower, and you have entered into some form of covenant with a lender, then the responsibility to fulfill your obligations [within that covenant] is on your neck.

"....And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, though one rose from the dead."
Luke 16:31

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