OHR HAGANUZ MOVIE CLIP PART 3

[Music] Well, if you're a business owner or know someone who is, it's no secret that it takes money to make money. >> But how you get it could leave you caught in a trap, especially if you're forced to tap into a shady cash advance company. Imagine you're running a small business. You borrow some money. You're paying it back. Maybe you've fallen behind. Maybe you haven't. And then one day, out of the blue, you can't get any of your money out of the bank. >> Predatory lending always pops up at the most inopportune moments. It's sickening. >> One in 20 households have taken one out at some point. It's a $9 billion industry. There are more payday loan stores in America than Starbucks and McDonald's. Your accounts are locked up. They've been seized without any notice to you. >> Every day we were getting our bank account hit every single day. Well, it got to the point where it was nothing there and it was going negative. I mean, if you charge somebody, you know, 400% interest rate, I mean, that's that's greed, right? >> These guys call businesses across the country and they're offering quick money. They say that they can get you 50 100 grand overnight. The loans are very expensive with interest rates as high as 300 or 500% annualized, 20 times as much as you'd pay on a credit card. >> Charging skyhigh interest rates up to 400% on loans to small companies. >> Often it's 300 or 400 percentage points on an annual basis. >> Average annual rates of 570%. Some of those rates legally are as high as 1,900% a year. you know, freezing bank accounts, filing leans on your homes. >> A confession of judgment is something that the borrower signs as a condition of getting the loan. It basically means they give up their right to be heard in court. Even if confessions of judgment go away, there are all kinds of other abusive practices in the cash advance industry. So, you're probably going to be hearing more about this industry for years to come. >> No one allows that in history. Even if you have the permission from the government, even if you have the permission from your local rabbi in shamine, you do not have permission. What? It's immoral. It's not right. It's a bad product and you would not want to buy it. If you wouldn't be a customer, don't sell it. If the commissions are really high, usually that's a problem. Nobody likes to pay high commissions for good products. Good products sell themselves. If you see a specific group of people focus and all of a sudden there's new businesses selling the same product popping up like like uh like mushrooms everywhere. All of a sudden everybody's in the cash advance business. All of a sudden everybody's in the insurance business insuring uh washing machines. Why? It's a scam. Eventually the dean of Shamay will come upon a person and those people are guaranteed to lose all of their money. You see if you look at the history of all of those people that had these finagling type of things eventually they ended up losing everything. Don't be part of that system. Eventually, a kadosh shows you whose boss you see some people go to jail, some people die early, some people see their kids die, all types of lawsuits, gambling, all types of issues. It's going to be a major massacre of disaster in that industry. You'll see one after another, every one of them going, "Why?" Cuz eventually, Kadoshu is going to close the shop. Why? It's happened before. It happened in England 900 years ago. It happened in Germany 70 years ago. It happened many times. And usually those people that are in those corrupt businesses that are taking advantage of some type of industry loophole either there's no compliance in the industry, there's no regulation in the industry, there's no watchdog in the industry, there's just a lot of stupid people in the industry and all types of things. Usually a kadosbu says, "Oh, they may not be watching, but I'm watching." Some of the people that have been the most successful in history weren't criminals like those people. They did business hard way, but the honest way, and they got far. No pose in the world, real pose in the world will allow people to be in the cash advance business. Not because they're lending to goim, but because of what they charge. What they charge makes their business illegal according to the Torah. Anybody surely they're not allowed to lend the money to Jews, but they do because no application is allowed to ask somebody, hey, uh, Steve, are you Jewish? You can't ask. You don't know who you're lending to. You could be lending even to a fru. Then you lost your alarm with that one lend. You lend to a thousand people. One guy is a Jew, you have no lava. One guy is a Jew, you let to 10,000 people. 10,000 people you have you're you're a big uh sadik in in the business. Everybody wants to borrow money from you. One guy's a Jew, you go to Gome forever. Only a and will permit such a business doesn't exist. Who gave you the permission to charge 40%, 50%, 80%. What proc in the world allowed you to charge predatory rates? Go borrow $10,000 with 40% interest. See what happens. You go bankrupt.