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As the Torah clearly indicates, Israel was set up to be a banking nation from its very inception
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The success of ancient Israel, and especially the financial success of the Jewish people, was indeed due to the their own religious laws regarding money, especially when it came to debts and loans. As Moses predicted:
As the law clearly stated, Israel usually obeyed it and from the time of King David and Solomon onward were renowned throughout the world for their business and financial skills and success. For a long time after, the financial and monetary system of Israel, then Judea, gave the Jews quite a bit of wealth and power along the way. The following prophecy seemed to be fulfilling itself without any real difficulties.
For the LORD your God will bless you as He has promised you, and you will lend to many nations, but you will not borrow; and you will rule over many nations, but they will not rule over you.
This commercial success was interrupted by the Babylonian captivity, when Jerusalem was conquered by the Babylonian Empire and its Temple looted for all its gold and silver. Nevertheless, this exile proved temporary and even though the Jews never really regained their political independence again, their financial and commercial freedoms proved to be more than enough to allow for the practice of Judaism and for the prosperity of the Jewish people. One of the keys to their success was a simple rule, one title loans in Maryland could charge interest to foreigners, but never to their fellow Jews. As the Torah stated:
You may charge interest on what you lend to foreigners, but not on what you lend to Israelites. Obey this rule, and the LORD your God will bless everything you do.
This religious tradition of not charging any interest to any fellow Jews kept a fair amount of economic equality among the Jewish people both in Israel and abroad in foreign countries. (més…)