Debtor Support Ministry

In 1983 as an uneducated lay person I went into this subject. Please see below.

In 1983 I also went into "THE KONDRATIEFF WAVE". Please see below.

The Year of Jubilee, Leviticus 25 vs 8-10, The Living Bible

"Every fiftieth year, on the Day of Atonement, let the trumpets blow loud and long throughout the land. For the fiftieth year shall be holy, a time to proclaim liberty throughout the land to all enslaved debtors, and a time for the canceling of all public and private debts."

Why the law "Year of Jubilee"? We know it was never carried out, but why the law?

No clergy I've talked to about this has ever explained about why the law, only that it was never carried out. We do much to interpret scriptures, why have we done so little with this one?

I'll give you my laymen's interpretation of this scripture.

God the All Mighty, all powerful and wise, knew that man, with his sins of lust and greed for material things and power, would create an inflationary environment along with the creation of huge debts that no society could sustain forever, and therefore must fall thru a depressional stage. So, therefore, he declared the 50th Year of Jubilee to forgive enslaved debtors and a time to cancel all public and private debts. He knew it would take a 50 year cycle to destroy any society thru inflation and the creation of debts which would be created by man's lust and greed for material things and power.

Yes, the 50 year Jubilee says something to us, but we have never listened or tried to understand it. I certainly don't profess to know the answer to God's 50 year Jubilee and the three actual recorded depressions in the history of our country, but it surely does humble me and brings me to think about the future and how to survive and deal with it thru God's divine guidance. Because life goes on even thru a depression, as a society drops it's demands for material things and turns to spiritual things. I guess that is why people attended and gave more to the church during depressions, only we've never really understood why and God's 50 year cycle.

Note: Other verses from Leviticus 25 which are of great interest are:

• vs 17-18:"You must fear your God and not overcharge! For I am Jehovah. Obey my laws if you want to live safely in the land."
• vs 35-37:"If your brother becomes poor, you are responsible to help him; invite him to live with you as a guest in your home. Fear your God and let your brother live with you; and don't charge him interest on the money you lend him. Remember--no interest; and give him what he needs, at your cost: Don't try to make a profit!"

"THE KONDRATIEFF WAVE"

Nikolai D. Kondratieff, a Russian economist, was the first to observe this regular cycle of depression in the United States shortly after World War 1. Nikolai Kondratieff was a professor at the Agriculture Academy and head of the Business Research Institute of Moscow after the Russian Revolution.

Between 1922 and 1928 he set forth his long wave theory in a series of books and papers.

He said that the Western world had experienced two and a half long waves, or upward and downward price fluctuations since the end of the 18th century. The third wave was in progress when Kondratieff wrote his dissertation.

The third wave began in 1890-96, peaking in 1914-20, when he said the decline "probably begins." Kondratieff was right. The 10 year plateau period, before the downward price spiral, was the "Roaring 20's."

Orthodox Marxists in Russia were severely critical of Kondratieff. The official Soviet Russian Encyclopedia dismissed Kondratieff's work in one sentence: "This theory is wrong and reactionary."

Kondratieff was banished. In 1930, he was arrested by the Russian secret police and shipped to Siberia without a trial. To understand how the Kondratieff Wave works, a simple model can be set up using the Federal Government's wholesale commodity index.

Each 50 year cycle includes 20 years of prosperity and rising prices culminating in a war at the peak, a 10 year ephoric plateau period with a downward bias, followed by 20 years of falling prices.

The latter event always happens suddenly and devastatingly, when no one expects it.

I have extracted the above paragraphs from a 14 page document written by The Wall Street Digest.

To me as an uneducated lay person, it was totally mind boggling that a Communist would document a 50-55 year boom to bust cycle just like God had maybe foreseen in the 50 year Jubilee.

The issue before our capitalistic industrial high tech society in my humble opinion was the late years of the 1990s, with it's roaring stock market prices the same as the "Roaring 20's." If it is, then we as a capitalistic society are heading downward in all forms of wealth and business activities.

One only needs to look at the "MASSIVE DEBT STRUCTURE IN OUR SOCIETY".

First and foremost our NATIONAL DEBT in "TRILLIONS".

Second STATE and LOCAL DEBT.

Third "MASSIVE CORPORATE DEBT".

Fourth, and the most important of all, the "MASSIVE CONSUMER DEBT," the engine of "CONSUMPTION" that drives the economy IMHO is out of "CONTROL AND POWER" to drive this economy any further.

SPECIAL NOTE --- ON SUNDAY, JANUARY 21, 2001 ON CNN AT 1:30 PM show, Andy Gard the White House Chief of Staff to the President stated that "THERE ARE 60,000,000 PEOPLE IN THIS COUNTRY THAT HAVE CREDIT CARD DEBT IN THE AREA OF $10,000.00, and that they want to cut taxes to help these people take home more cash, so as to help them pay off their credit card balances.

BACK TO CREDIT CARD DEBTS AND LEVITICUS 25 VS 17-18, VS 35-37.

My wife has three credit cards, and she is making payments on all three, and has never missed a payment. It is our dream to have them paid off by the end of the year, December 2002.

	Minimum Monthly Payments
1. Card bears interest at the rate of 22.99%	250.00
2. Card bears interest at the rate of 27.99%	156.00 Now paid in full.
3. Card bears interest at the rate of 26.74%	31.00 Now paid in full.
Total Payments	437.00

Almost 100% of these minimum payments pay the interest only on the three credit cards and the principle reduction may be 15.00 to 20.00 maximum.

Even if I file Chapter 7 Federal Bankruptcy, she will still have to make these payments long, long after I file. She is not going to file Federal Bankruptcy, and hopefully will not be forced into an involuntary Federal Bankruptcy situation.

My bankruptcy attorney stated unequivocally that he hates and has no compassion for the credit card industry and what they have done to the people of God in this society with their "massive and abusive interest rates", plus all the other abusive charges for late payment, account overdrawn, and bad check charges. These three charges alone can run an additional $90.00 a month once you get in trouble and behind on each credit card.

In our local paper in February 2002 one credit card company raised it's rates from 23.9% to 29.9%, a 6% increase in the interest rate. The credit card company has an ailing loan portfolio of about "$5 BILLION" in outstanding loans nationwide. The company said the 29.9% rate will apply to "3.3 Million" of the 18.5 million account holders on it's books as of Sept. 30, 2002.

IMHO no one can survive that kind of interest rate on their credit card debts.

IMHO millions of them will be forced into Federal Bankruptcy.

THE LORD'S PRAYER

As a Lutheran, our LORD'S PRAYER reads as follows:

Our Father, who art in heaven, hallowed be thy name, thy kingdom come, thy will be done, on earth as it is in heaven.

Give us this day our daily bread; and forgive us our trespasses, as we forgive those who trespass against us; and lead us not into temptation, but deliver us from evil.

For thine is the kingdom, and the power, and the glory, forever and ever. Amen

We also use the following:

Our Father in heaven, hallowed be your name, your kingdom come, your will be done, on earth as in heaven.

Give us today our daily bread.

Forgive us our sins as we forgive those who sin against us.

Save us from the time of trial and deliver us from evil.

For the kingdom, the power, and the glory are yours, now and forever. Amen

Many other Christian faiths use the following:

The King James Bible (1611)

I just corrected the spelling for this presentation.

Our Father which art in heaven, hallowed be thy name.
Thy kingdom come. Thy will be done, on earth, as it is in heaven.
Give us this day our daily bread.
And forgive us our debts, as we forgive our debtors.
And lead us not into temptation, but deliver us from evil:
For thine is the kingdom, and the power, and the glory, forever, Amen.

The King James Bible (1611) see Ecumenical Web Sites Lord's Prayer in English.

Our father which art in heauen, hallowed be thy name.
Thy kingdome come. Thy will be done, in earth, as it is in heauen.
Giue vs this day our daily bread.
And forgiue vs our debts, as we forgiue our debters.
And lead vs not into temptation, but deliuer vs from euill:
For thine is the kingdome, and the power, and the glory, for euer, Amen.

In the above Lord's Prayer, they use the words debts and debtors, and I know that the words used here mean "SINS".

However, it just makes me wonder if the words "DEBTS and DEBTORS" had meant then what it means today to "US DEBTORS" with all the debts we carry upon our lives and then we look at GOD'S LAW, "THE YEAR OF THE JUBILEE," which was never put into usage. It humbles me to think that GOD had it right from the beginning to cancel all DEBTS PUBLIC AND PRIVATE ON THE 50TH YEAR and our LORD gave it to us in his prayer also "And forgive us our debts, as we forgive our debtors".

However the religious meaning of debt is sin.

Yes, it just makes a layman like me think about my GOD AND MY LORD and what they had said at the beginning of GOD'S CREATION --- "THE YEAR OF THE JUBILEE --- THE 50th YEAR".

This is why I have created this Web Site called "DEBTOR SUPPORT MINISTRY".

To share with the "PEOPLE OF GOD" that there is life after and during "THE BURDEN OF DEBT" and that God will be with them.

And the only place one will find "PEACE" is in their place of worship, The Church, The Mosque, or The Synagogue, or any other worship settings of one's FAITH.

SHALOM and thank you for taking the time to review this Web Site.

Please share it with others if you think the site is worthwhile.

May God be with us all as we travel through life on our bended knees, toward the cross.

You will find under Ecumenical Web Sites many Web Sites for the Lord's Prayer.

You will find under Reference Web Sites Web Sites for The Kondratieff Wave.