In the previous article, CROSS
Capital Group mentioned about “Never taught at school, Never mentioned
by financial institutions and Never aware by government: The interest
compounding effect of the artificial financial system will bring down the real
economy” Many people have asked that how the government or the world is
going to solve “disasters brought by the interest compounding effect?
There are either stopgap solutions or root solutions for the
problem. When it comes to stopgap solutions, many countries have been taking
actions, such as printing money, raising new debts to repay old ones; besides they
plundering resources or wealth to earn more capital than others; furthermore it
may have battles in financial market or start currencies wars to make collapses
of creditors or cause debts devaluation. However, all stopgap solutions will
eventually bring in catastrophe in financial market and financial shuffles, even
could bring in wars in real world, some countries could make money by having wars
on the one hand; the wining parties could have more control over physical
resources to meet the needs in their financial market and to relief debts on
the other hand. Stopgap solutions are selfish, it could only solve self
problems, but could cause disasters to others.
When it comes to root solutions, GOD has provided answers in the
Old Testament, but because of the selfishness in human world, it can never be achieved.
However, we still could have some descriptions about it. During the history in
the Old Testament, it was so popular for money lenders to charge interest in the
Middle East, especially usury. In this way, the rich are getting richer and the
poor getting poorer, and debts could never be paid under the interest compounding
effect. Therefore, debts may be accumulated across generations, and debtors
become the slaves for creditors. Under the interest compounding effect, debts
can never be finished
GOD had told Israelis the solution, and required them to comply
it. GOD said, the seventh year of every seven years is called “the LORD's
release”, that is creditors been asked to write off debts if debtors were not
able to pay it back until “the LORD's release”. In this way, it can stop and
avoid the economic and social problems that been brought by the interest
compounding effect.
At the same time, GOD said the rich should not have a thought that
“the LORD's release” is near and so looking coldly on the poor countryman and give
him nothing. On the contrary, debtors should try their best to pay back debts
instead of prolonging it until the coming of “the LORD's release”. In the fact,
this is what we had mentioned in the previous article "Cooperation" economy.
Please refer to "The JUST Economy with MERCY: Way to
solve the gap between rich and poor - the biblical economic structure” Therefore,
if human society is still selfish, off the wealth plundered, the financial and
economic system will eventually be controlled by few people, and eventually be
collapsed.
