Transcript
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[Music]
One of the things that I've been
speaking against over the last several
years is this wicked business that's mam
Satan himself attacking Israel again
with cash advance in so many words
lending money with high interest.
Everyone knows that a Jew is not allowed
to lend another Jew money and charge him
interest. Now, of course, if a Jew is a
Shabbat is treatment is as if he's a
So, technically, if you did charge
him interest, you're allowed to
that way and many other pas that way,
but they don't recommend you doing it
anyway simply because it'll get you used
to charging juice interest. And number
two, if he does cha, you have a very
serious problem. Whether it's the
lender, the borrower, the broker, all of
them have noah. All of them are in very,
very serious problems. So you would
think, oh, this is clearcut. This is
known already throughout all of our
history. What's the problem? The problem
is is that Jews are known for being in
the lending business throughout all of
history. Even from the time of Schlomar
Med,
Jews are not allowed to be in the
lending business and charge interest.
Not Jews and not go. Of course, not
everybody listened. And throughout all
of history, we've had many, many
problems because of it. So now over the
last 20, 30 years, this horrific
business of cash advance has picked up
its steam and it's caused a lot of
trouble where majority of the most
successful companies in that business
and that highinterest lending business
are not only Jews, but they're Jews that
are religious. They have the strip, they
have the hat, they have the rabbitical
title, they have the kod background,
they have the yeshiva background and so
on and so forth. You go into an office,
you think it's a kodel, but the reality
is it's a world apart. It's an entire
industry. It's not one or two companies.
We're talking about hundreds of
companies. We're talking about billions
and billions of dollars and they're
being led a very very high interest. The
normal bank rates today with low
interest rates, four, five, 6%. If you
have bad credit, let's say 10, 12,
credit card 25%, that's it, finished.
Other than that, go to the mafia if you
want to pay more. But in so many words,
that's where it goes. Cash advance
business. If you have a really nice guy
and he's not an outright murderer, he's
going to charge you 45 to 50%. But if
he's a standard normal cash advance
person, 80 to 400%. Now this is giz.
It's not just it's not considered
lending. It's considered stealing. Even
a terisa would not work on such a
business. We have a history of this.
Many of the forbid charging interest.
Now you can tell, yeah, they forbid it
for the Jews. No, no. The prohibition is
to not charge go interest. It's needless
to say the Torah forbids you from
charging Jews interest. But now the
lending money with interest to go that
everybody's talking about that it is
permissible with under those conditions.
It's lending with interest that maximum
rate is what's permissible by the
government. That's the average rate.
Meaning let's say if it's bank rates the
bank is average let's say 10%. That's
what you're allowed to charge. You're
not to charge 15% or 20% or 15%. I not
do that. So needless to say, you're not
to charge 50 and 100 and 200%.
