Amortization of Loans and Usury As Sin In the Bible

Amortization of Loans and Usury As Sin In the Bible
Bernard Pyron


they say that amortization (or amortisation) “…comes from Middle
English amortisen to kill,…from Vulgar Latin admortire to kill, from
Latin ad- + mort-, mors death.”

In other words, the use of compound interest in the “amortization” of
loans to be paid back with interest is a way of killing you
financially, and sometimes literally also. It is a way of killing
nations financially by the big bankers of England, Europe and the U.S.

In the law given to Moses by God there are Scriptures that aim to
protect people who do not have a great deal of wealth from being
cheated out of it by the more wealthy.

Exodus 22:25 begins God’s statement of his law against usury,
especially to extort money from the poor. “If thou lend money to any
of my people that is poor by
thee, thou shalt not be to him as an usurer, neither shalt thou lay
upon him usury”

Ezekiel 18: 4-8 explains “Behold all souls are mine:…the soul that
sinneth, it shall die. But if a man be just, and do that which is
lawful and right…He that hath not given forth upon usury, neither
hath taken any increase, that hath withdrawn his hand from iniquity,
hath executed true judgment between man and man.”

In Nehemiah 5 the setting for this clear Scripture against usury is
Jerusalem after the Jews returned from 70 years of captivity in
Babylon – because they had not obeyed God’s laws and had turned to
pagan religion. Ezekiel 22: 12-22 says one of the laws they did not
obey was that on usury.

On coming back to Jerusalem, the wealthy Jews began lending money to
poor Jews. Usury as we know it began in
ancient Babylon, and maybe the Babylonian system of usury reinforced
practice of usury among the wealthy Jews who had practiced it before
the captivity.

In Nehemiah 5 the poor people realized they were in economic slavery
to the usurers and complained to Nehemiah. He ended up telling the
wealthy people to stop their usury.

Nehemiah 5:1-10 says “And there was a great cry of the people and
of their
wives against their brethren the Jews. For there were that said, We,
our sons, and our
daughters, are many: therefore we take up corn for them, that we may
eat, and live. Some also there were that said, We have mortgaged our
lands, vineyards, and houses, that we might buy corn, because of the

It is the extortion of money or possessions from people by the more
wealthy that God’s moral law forbids. Unjust gain by usury or by any
other scheme is condemned as sin by the Bible. Although usury is not
specifically identified in the New Testament as a sin, in Matthew 21:
12, Mark 11: 15 and John 2: 14-15 Christ reacts strongly to the
practices of the money changers in the Temple. The money changers who,
he said, made the temple into a den of thieves were extorting money
from people in some way. And so it is not only taking interest on
loans that is said to be wrong in the Bible, but any form of extortion
and unjust gain.

In Revelation 6: 2-8. the white horse can be seen as the British
empire. Daniel 7: 4 says it has a man’s heart, suggesting it is not
quite as evil as the other beasts. But the white horse beast carries
with it the ideology of usury. the Bank of England played an important
role in introducing usury banking as a ruling principle in the modern
world. Daniel’s King of the North in Daniel 11 in modern times is
empowered by usury, creating money out of nothing, loaning it to
people and collecting interest and taking much of the people’s money
in the process to make the big bankers rich and powerful.

Historically, Islam, which now holds out against the system of the northern
industrial nations run by usury bankers, has opposed usury as does the Bible.

The red horse is the Soviet Union and its ideology is Marxism, which arose
in part out of the dialectic interaction with usury capitalism.
Marxism, in part,
was critical of capitalism because it exploited the common people and one
means of this exploitation was usury. But Marxism was anti-Christian and
created a more evil system than did capitalism.

Then on
the site provides a way of determining amortization of a loan.

Amortization by Compound Interest:

For example, suppose you got a loan of $14,000 at 8 percent interest,
to be paid off in 15 years.
You do not pay 8 percent of $14,000 as interest, which would be only
$1,120. Using an amortization schedule and the site above to
calculate your monthly payments, the total amount of interest you will
pay, and the total amount of money you will pay, it comes up with:

180 Monthly Payments: $133.79

Total Amount of Interest Paid Over 15 Years: $10,082.43

Total Amount Paid in 15 Years: $24,082.43

Original Amount Of the Loan: $14,000

And – if you get this loan of $14,000 from a bank in the U.S. the
bank does not take $14,000 out of its fiat money holdings and give it
to you. In effect, under fractional reserve banking, the bank creates
the $14,000 out of nothing at the time it gives you the loan.

The bank is only required to keep a fractional reserve for its loans,
which means it can loan out more money than it has in deposits.

they say “Fractional-reserve banking is the most common form of
banking and is practiced in almost all countries. Although Islamic
banking prohibits the making of profit from interest on debt, a form
of fractional-reserve banking is still evident in most Islamic

“Fractional reserve banking is a Ponzi scheme whereby banks create
money out of thin air through fraudulent book keeping, loaning
non-existent money out at interest. It is no different than
counterfeiting. In collusion, factional reserve banks counterfeit up
to 10 times the amount of money that they actually have deposited, and
charge interest on it all. Since money represents labor, fractional
reserve bankers are effectively robbing the value of everyone’s labor
through this fraudulent scam.”

” If you will deposit your money in my bank, I will lend it out at
interest. I will share some of this interest with you by guaranteeing
you a fixed rate of return.

So far, so good. But then comes the kicker. Furthermore, I will pay
you your money on demand during banking hours. Any time you want your
currency back, just come to the bank and take it out – no questions
asked (unless you try to take out $10,000 or more).

The banker knows what the economics professor knows: almost no one can
think through the implications of this promise. Both the banker and
the professor of money and banking strive to keep people in the dark.
They promote the mystery of banking.”

“The banker makes the offer of payment on demand because he knows that
few depositors will demand their money most of the time. Those who do
demand their money can be paid out of the money deposited by today’s
depositors. Is this a Ponzi scheme? In part, yes. It is a Ponzi scheme
that can go on much longer, because the bank possesses the power to
create money.”

Fractional reserve banking is inherently fraudulent. It inflates the
money supply. It creates the boom-bust cycle. Through central banking,
it transfers planning authority to bureaucrats with only an indirect
stake in the outcome of their decisions.

It is the basis of the modern economy. The booms and busts get worse.
The dollar depreciates. Central planning increases. Information
becomes more distorted.

This will end badly. Worse, it may start over again.”