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Merchant Cash Advance Is Not A New Thing.
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Merchant Cash Advance Is Not A New Thing.
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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.