Exodus 22:25: If you lend money to one of My people who is poor beside you, you shall not be to him as a money-lender, neither shall you lay upon him interest.
Proverbs 22:7: The rich rules over the poor, and the borrower is servant to the lender.
The United States is the largest debtor nation in history, by far.
Americans now have a negative savings rate, meaning that each person spends more than he keeps for later. Yet we are encouraged, even in time of war, to spend like there’s no tomorrow. This encouragement comes from a number of sources, one of which is our inherently inflationary economy. Money will always be worth less tomorrow–the dollar has lost 95% of its value since 1913–so it only make sense to trade those dollars for stuff. Another source of encouragement is easy credit. It’s everywhere, and you probably received a few offers today in your mailbox totaling thousands of dollars, preapproved with no questions asked. In the context of the history of the world, this kind of lending is insane.
In a way, the 2006 documentary Maxed Out is about all of these issues. It shows, through the interweaving of a number of interviews and stories, America’s addiction to credit, especially credit cards. There is no first-person narrator, thankfully, as in Michael Moore films. But there is a clear point-of-view: the movie portrays lenders as sharks and debtors as sob stories. We sympathize with this portrayal a bit. What most lenders are guilty of is usury (under any definition), especially instant check-cashing centers and credit card companies. Banks, as well, are guilty of fraud. Banks are built on a fractional-reserve scheme; only a portion of what account holders have is actually (physically or digitally) in the bank itself. If all account holders were to withdraw their accounts at the same time, only a few would get their money back. No other business sells what it doesn’t have and can’t provide. Banks, therefore, are inherently bankrupt, and this very idea has caused a great ritual to occur every two decades or so throughout American history: the bank-run. Finally, the ultimate bank (the Federal Reserve; our country’s central bank) creates money out of thin air. This is effectively counterfeiting, that is, stealing. So all of our benevolent lenders are corrupt, and Maxed Out is eager to portray most of the individuals, who are involved in concocting credit schemes and then harassing their lendees, as corrupt, heartless jerks.
Yet we cannot sympathize with the debtors in this movie that much. Dave Ramsey, a money guru on the radio who comes from a Christian perspective (as far as we know), appears in this documentary. He makes a number of points about wise money choices, and shares his own helpful story. The debtors in Maxed Out have not listened to him. They have not been wise. We don’t understand their choices, frankly, because we don’t believe that it’s wise to enter into debt, unless it can all be paid back with ready collateral. Our credit card company must hate us, because they pay us to use their card. If everyone used a Discover card prudently, Discover would not exist. Clearly, the movie is playing to the audience, most of whom have some debt and will therefore be very willing to sympathize with the plights of other debtors. But we all know what happens to a fool and his money.
As we said, Maxed Out touches on usury, an almost vanished subject in Christian churches these days. That it is a vanished subject strikes us as beyond bizarre. Almost a complete reversal has occurred. For the first 1500 years of Christendom, usury was one of the sins most preached against. It was banned everywhere (for Christians). But the last 500 years? Not much of a peep, except from a few faithful souls. It’s not as if usury is a marginal topic in the Bible. It appears in a number of books, and it is clearly described as a heinous practice. Your question may be, what is it exactly? We’ll leave that lengthy discussion for another time and place; it is enough for us that people even care about and discuss a neglected subject in God’s Word.
As for Maxed Out, it’s a reasonable entry into individual and national issues concerning debt. Most of the information in it was old hat for us, however. We recommend, instead of the movie, that you study the Bible on the subject of lending and borrowing. Next, the book Empire of Debt is a fine entry on America’s problem with debt, particularly the last two chapters (written by one of our favorite contemporary business writers, expatriate multimillionaire Bill Bonner). Quick introductions to banking can be found here and here (the latter link is the first in a series of videos; however, its ultimate solution–more government intervention–is ridiculous). And finally, pray that Christians will be wise and will not get sucked into the innumerable debt schemes in our present age.
Entertainment: 4
Intelligence: 5
Morality: (a bit of unnecessary foul language)







The Moral Minefield of Movies
Posted by J on August 14, 2007
We attend the movie theater twice a year at most. This is for a number of reasons, chief among them is that a $10 ticket is a vote in favor of Hollywood fare that may turn out to be at best idiotic and at worst immoral. DVDs, cost effective as they are, have excellent tools for the purposes of censorship — namely the STOP and EJECT buttons. A case in point is our recent trip to Ratatouille. The projectionist put the wrong movie through the reels, and so we ended up seeing previews for R-rated movies, featuring the graphic liaisons of a male gigolo (Good Luck Chuck) and the umpteenth sequel to Halloween. From what we could see, our matinee audience consisted of grandparents and children, none of whom seemed to flinch at shot after shot of half-naked females and the glorification of a resurrected murderer. (To be fair, one parent got up and left with a young child, though we debated whether they complained or went to the restroom.) We had a word with the manager, but the movie theater treated us merely like upset customers returning a broken TV. When Good Luck Chuck and Halloween XII debut, the theater will likely feature them.
Far from being the funhouses they’re marketed as, movie theaters and video stores are moral minefields. An honest Christian could not operate a movie theater in good conscience these days. He might run, say, a drive-in theater for families, but that would limit showings to three a year during the summer season. Otherwise, he would be forced into peddling current releases, the majority of which celebrate violence and pornography. The same goes for video rental chains and retail stores that sell DVDs. Retailers who profess Christ ought to get out of the movie-selling business altogether, not because if they limited their selection they couldn’t make a profit, but because little they could sell would edify their fellow Christians.
We therefore advocate two things: step as cautiously as possible in movie-watching, and know the Bible as well as you can. God’s story shows you how to examine man-made stories, and it will not let you be indifferent to previews for R-rated fare. We advise this knowing that, unless you are Amish, you will probably watch at minimum several dozen movies in your lifetime. Be as wise as serpents and as innocent as doves.
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