FRN
aka Federal Reserve Notes. I remember as a child, around age 10 or 11 looking at a $1 bill and a $20 bill. I would think, "Hmm.....why is a $20 bill worth 20 $1 bills? There is nothing about the $20 bill that makes it worth 20 x a $1 bill other than the fact that we have all decided that it is. What would happen if everyone decided that hmm....a $20 bill really isn't worth more than a $1 bill? Then, we would have a problem."
As a child, I intrinsically recognized that our paper money (fiat) system was a complete and utter fraud. That was before the internet, before I was married, before Rush Limbaugh etc. I knew, in my heart and mind, that this paper money was worthless...it was only our blind faith that it was worth *something* that kept our economy running.
Fast forward 30 years....I'm amazed at the insight I had as a child. Because I still think the same thing. And...now I know it's true and can better articulate and defend the thesis that paper money is a complete fraud...nothing but a Ponzi scheme, and it is completely and utterly true that our system will indeed collapse upon itself, and that we, esp. American Christians, will account to God for our participation in the system.
Gary North (at http://www.garynorth.com) has an excellent e-book on his site entitled Honest Money where he will explain in minute detail what money is and is not and what Biblical and honest money is. Bottom line is no political candidate explains to us that our money system is a fraud, except for Ron Paul.
Everyone is complaining about high gas prices. They are complaining about inflation. Do you know what inflation is? It is NOT rising prices. The definition of inflation (which I only learned in my 30's) is an increased supply of money chasing too few goods. Wait! I hear you saying...my pay isn't going up, how can there be an increased supply of money? Remember those government stimulus checks? Just where do you think they came from? The government just literally printed the money...voila...instant money...created from nothing (the sin in that is man is taking the job of Creator, the office which belongs to God and God alone, and creating money and calling it such...when the reality is there is NO worth in that money other than what is imputed to it by the powers that be called the Federal Reserve)....all of a sudden there's a whole lot more money out there than there was before....problem is...it's not real. It's like owning shares in a company. Let's say you own 1,000 out of 100,000 shares of a company. You own 1%. All of a sudden, the company issues another 100,000 shares without growing the company at all. All of a sudden you only own 0.5%. Your share in the company just dropped by 50% and you didn't do anything. Likewise...the all-seeing, all-knowing, all-beneficent (in its own mind, anyway) Federal Reserve creates money out of nothing, thereby diluting the present money supply (the gov't stopped reporting the M3 money supply a couple years back...it was revealing too much information to the average citizen)...thereby there is too much money chasing too few goods and inflation results.
Why am I writing this? To educate you. The fraudulent money system is directly linked to the welfare state, which is directly linked to the moral decay in America. Remember the Bible says, "The LOVE of money is the root of all evil." 1 Tim 6:10 Money is not inherently evil. Legitimate money is good. All honest labor produces wealth. Money created out of nothing is NOT true wealth and should not be confused with real wealth.
Proverbs 13:11 states: Dishonest money dwindles away,
but he who gathers money little by little makes it grow.
It is a known fact that throughout history that every paper currency fails. Hmm....then why does the Fed do it? Because they figure they will die before it fails and they have no vision nor concern for those who come after them....But money gathered bit by bit (think how mining silver and gold is money gathered bit by bit) does grow. It is interesting...I've read this verse for years...and I always thought (and always heard it taught) that money gathered by dishonest means dwindles away. While I think that is true, the Lord showed me one morning in the past couple months that this verse applies to our money system which is inherently dishonest ...and that is why the purchasing power of the $ has decreased 96% since the *invention* of the Federal Reserve back in 1913. Our money system is inherently dishonest and that is why is has dwindled away. But, you will never hear that preached from the pulpit...esp. the pulpit of a mega-church....sadly we all worship at the altar of the all-mighty $.
I'll be honest; I struggle with all this stuff. We have 50 million (or so it seems) Christian financial gurus who extol the virtues of living debt-free. But very few of those even address the fact that our money system is indeed fraudulent and that we need to scrap it, IF we want to be Biblical, in favor of a silver or gold money backed system. Why don't they? Because, in the end, it will cause a drastic change in our life style as we know it...we all enjoy living off the labors of others (think China, Bangladesh, India or any other country you would never want to live in, but it produces many of the goods we use on a daily basis...we get their real goods...they get our worthless $). The Muslims/oil producers understand this stuff better than us.Sigh....More later....in the middle of this, I am still raising 9 beautiful, imperfect children.
Do the best with what you have. It is an act of worship before God, showing Him how grateful you are for what he has given you. :-)
As a child, I intrinsically recognized that our paper money (fiat) system was a complete and utter fraud. That was before the internet, before I was married, before Rush Limbaugh etc. I knew, in my heart and mind, that this paper money was worthless...it was only our blind faith that it was worth *something* that kept our economy running.
Fast forward 30 years....I'm amazed at the insight I had as a child. Because I still think the same thing. And...now I know it's true and can better articulate and defend the thesis that paper money is a complete fraud...nothing but a Ponzi scheme, and it is completely and utterly true that our system will indeed collapse upon itself, and that we, esp. American Christians, will account to God for our participation in the system.
Gary North (at http://www.garynorth.com) has an excellent e-book on his site entitled Honest Money where he will explain in minute detail what money is and is not and what Biblical and honest money is. Bottom line is no political candidate explains to us that our money system is a fraud, except for Ron Paul.
Everyone is complaining about high gas prices. They are complaining about inflation. Do you know what inflation is? It is NOT rising prices. The definition of inflation (which I only learned in my 30's) is an increased supply of money chasing too few goods. Wait! I hear you saying...my pay isn't going up, how can there be an increased supply of money? Remember those government stimulus checks? Just where do you think they came from? The government just literally printed the money...voila...instant money...created from nothing (the sin in that is man is taking the job of Creator, the office which belongs to God and God alone, and creating money and calling it such...when the reality is there is NO worth in that money other than what is imputed to it by the powers that be called the Federal Reserve)....all of a sudden there's a whole lot more money out there than there was before....problem is...it's not real. It's like owning shares in a company. Let's say you own 1,000 out of 100,000 shares of a company. You own 1%. All of a sudden, the company issues another 100,000 shares without growing the company at all. All of a sudden you only own 0.5%. Your share in the company just dropped by 50% and you didn't do anything. Likewise...the all-seeing, all-knowing, all-beneficent (in its own mind, anyway) Federal Reserve creates money out of nothing, thereby diluting the present money supply (the gov't stopped reporting the M3 money supply a couple years back...it was revealing too much information to the average citizen)...thereby there is too much money chasing too few goods and inflation results.
Why am I writing this? To educate you. The fraudulent money system is directly linked to the welfare state, which is directly linked to the moral decay in America. Remember the Bible says, "The LOVE of money is the root of all evil." 1 Tim 6:10 Money is not inherently evil. Legitimate money is good. All honest labor produces wealth. Money created out of nothing is NOT true wealth and should not be confused with real wealth.
Proverbs 13:11 states: Dishonest money dwindles away,
but he who gathers money little by little makes it grow.
It is a known fact that throughout history that every paper currency fails. Hmm....then why does the Fed do it? Because they figure they will die before it fails and they have no vision nor concern for those who come after them....But money gathered bit by bit (think how mining silver and gold is money gathered bit by bit) does grow. It is interesting...I've read this verse for years...and I always thought (and always heard it taught) that money gathered by dishonest means dwindles away. While I think that is true, the Lord showed me one morning in the past couple months that this verse applies to our money system which is inherently dishonest ...and that is why the purchasing power of the $ has decreased 96% since the *invention* of the Federal Reserve back in 1913. Our money system is inherently dishonest and that is why is has dwindled away. But, you will never hear that preached from the pulpit...esp. the pulpit of a mega-church....sadly we all worship at the altar of the all-mighty $.
I'll be honest; I struggle with all this stuff. We have 50 million (or so it seems) Christian financial gurus who extol the virtues of living debt-free. But very few of those even address the fact that our money system is indeed fraudulent and that we need to scrap it, IF we want to be Biblical, in favor of a silver or gold money backed system. Why don't they? Because, in the end, it will cause a drastic change in our life style as we know it...we all enjoy living off the labors of others (think China, Bangladesh, India or any other country you would never want to live in, but it produces many of the goods we use on a daily basis...we get their real goods...they get our worthless $). The Muslims/oil producers understand this stuff better than us.Sigh....More later....in the middle of this, I am still raising 9 beautiful, imperfect children.
Do the best with what you have. It is an act of worship before God, showing Him how grateful you are for what he has given you. :-)
posted by Lisa aka Mombley | 3:35 PM
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