Preparing video...
0:00 / 0:00

Merchant Cash Advance Is Not A New Thing.

15 views
Rabbi Yaron Reuven Short Torah Clips avatar
Rabbi Yaron Reuven Short Torah Clips

Transcript

Auto-generated transcript. Not time-synced to the video.

People don't realize that this predatory lending that today they call merchant cash advance is not a new thing. Melech outlawed lending money to with interest already 3,000 years ago. Uh the the the main businesses that unfortunately were the most popular uh that the Jewish people were involved in uh before the destruction of the Bet Hamikdash, before the pogroms in England in the in the 1100s, before the Spanish Inquisition, before the pogroms in Morocco, before the pogroms in Ukraine, before the Holocaust, every major disaster that the Jewish people have ever had, if you look at the number one business that the Jewish people were involved in was high interest lending to the >> Right. >> Back then they called it different names, today they call it merchant cash advance, alternative lending, all types of other funny names. At the end of the day, it's you could call it atzara. It's it's it's a disaster for Am Yisrael to be involved in such a thing, and that's why many chachamim have spoken against it over the years. For whatever reason or another, in our generation, you know, you you have very few people, myself, my rav, that speak against it.