Debts and Forgiveness
Christ Jesus must have well understood pain of falling in debt.
Matthew 18:23-35
New International Version (NIV)
23 “Therefore, the kingdom of heaven is like a king who wanted to settle accounts with his servants. 24 As he began the settlement, a man who owed him ten thousand bags of gold[a] was brought to him.
25 Since he was not able to pay, the master ordered that he and his wife and his children and all that he had be sold to repay the debt.
26 “At this the servant fell on his knees before him. ‘Be patient with me,’ he begged, ‘and I will pay back everything.’ 27 The servant’s master took pity on him, canceled the debt and let him go.
28 “But when that servant went out, he found one of his fellow servants who owed him a hundred silver coins.[b] He grabbed him and began to choke him. ‘Pay back what you owe me!’ he demanded.
29 “His fellow servant fell to his knees and begged him, ‘Be patient with me, and I will pay it back.’
30 “But he refused. Instead, he went off and had the man thrown into prison until he could pay the debt.31 When the other servants saw what had happened, they were outraged and went and told their master everything that had happened.
32 “Then the master called the servant in. ‘You wicked servant,’ he said, ‘I canceled all that debt of yours because you begged me to. 33 Shouldn’t you have had mercy on your fellow servant just as I had on you?’ 34 In anger his master handed him over to the jailers to be tortured, until he should pay back all he owed.
35 “This is how my heavenly Father will treat each of you unless you forgive your brother or sister from your heart.”
And Christ Jesus indicated how to handle debts: Release debtors from their debts.
Household Debt
The average American's household debt is nearly $118,000, according to VisualEconomics. This is figured by adding the amount of money they have in the bank to their home's value along with any other property they own and subtracting the amount they owe to the bank for their mortgage or other outstanding loans.
Credit Card Debthttp://www.ehow.com/facts_7158345_average-debt-american-family_.html
The average household credit card debt was reported to be $7,394 in February 2010. Since the recession which began in 2007, this amount has gone down, which indicates that most Americans are paying down credit card debt rather than adding to it.
So, the solution is simple. The US Government or FRB should assume debts American families have amassed. The American authority should pay off debts that making American citizens suffer, since debts have become the biggest factor of business depression and thus low employment.
For reference, the amount of debts one Japanese household has incurred is about $60,000 (http://www.nanchatte.com/money/debts/).
The Bank of Japan should purchase all these debts from all the Japanese households to pay them back by printing and delivering yen bills.
But what will happen if all the debts are forgiven?
Probably, people have to live like they did before 2000. And creditors should also do business like they did before 2000 or 1995. And nobody should be forced to commit a suicide as they surely lived in these years.
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Luk 7:4 And when they came to Jesus, they besought him instantly, saying, That he was worthy for whom he should do this:
Luk 7:5 For he loveth our nation, and he hath built us a synagogue.
Luk 7:6 Then Jesus went with them. And when he was now not far from the house, the centurion sent friends to him, saying unto him, Lord, trouble not thyself: for I am not worthy that thou shouldest enter under my roof: