Credit sometimes seems today like a four letter word but it comes from the root: ‘Credo’ – which means ‘i believe’, the same root as for Creed.
This is because, as is still evident on most banknotes all over the world a bank note is simply a Promise to pay THE BEARER on demand the sum stated. (US banknotes state in GOD we Trust – but He won’t be covering the US government financially when they can’t pay their massive foreign debts and a dollar bill becomes relatively worthless as the Credit Crunch makes countries stop lending to them and they begin to ask for some of their money back).
This had to be, and still is, taken purely on TRUST that the issuer of the note (today mostly governments) has the funds to pay us the amount on the note. (or some one else believes it will in exchange for goods they offer the bearer).
When we buy or borrow on Credit it all comes down to how much we believe, Trust or have Faith in the issuer.
Money is ultimately a matter of Faith.
As to whether or not we should place all our faith in it i will leave up to the reader ( Hint: NO – YOU SHOULD NOT!!!) 😉
Not how much they trust us to repay the credit loaned of course – it only works one way. That is why today – contrary to the Law of God – we are charged interest (usury) on all loans. – To cover the moneylender’s losses when borrowers default on (immoral) loan payments.