2/28/2012 Portland, Oregon – Pop in your mints…
Yesterday we took our fellow taxpayers for a detour which is leading us into what, for some, may be uncharted waters. These waters are commonly known as the Bible, or the Word of God. While seemingly unrelated to the discipline of economics and specifically monetary theory, it is important to gain an understanding of the Bible for two reasons:
- It is the most widely read book in the history of the world to date
- In its labyrinth of narratives, poetry, song, and prophecy, it provides the only coherent framework within which humans, who have been given the gift of reasoning, can understand the world in which they inhabit and what they are to do with their time here.
If only for these reasons alone, it is of the utmost importance that the Bible be understood if we are to gain any meaningful understanding of what is called the “economy” and our specific area of interest, monetary theory, as these disciplines make absolutely no sense without an understanding of the framework in which they operate.
Regardless of one’s preconceived judgments about the Bible’s ability to provide this framework, it is important to understand that a number of one’s fellow humans believe that the Bible provides this framework. With this given, it can be inferred that this belief is, in whole or in part, is driving their choice of actions.
However, if you remain unconvinced or simply do not have time or motivation to undertake a careful study of the Bible, we will relate what we understand, it is in no way a substitute for one’s personal and corporate study of the Bible, but we appreciate your confidence.
The lessons of the Bible are important and we reiterate, without an understanding of the framework of the Bible, nothing that is going to take place in the future will make sense but will appear to simply occur at random:
Truly we tell you, the events to come have been foretold. The Kingdom of God is advancing.
What does it have to do with money? Why is a proper understanding of what we use as money important?
We are glad you asked, allow us to explain:
The current monetary system which most of the Western world uses to each day is built on debt. Debt, at its essence, is built a faith that persons will perform certain actions in the future. Performance of these actions from the debtor’s perspective is homogenized as being able to order delivery of the debts of others to the creditor in order to satisfy the debt.
This activity and its consequences are conveniently summed up in Bible as the parable of the Unforgiving Debtor, which can be found in the Bible in the book of Matthew, Chapter 18, verses 21-35.
Wrapped up in a narrative which will take under two minutes to read, the final consequences of using debt as money have never been more clearly stated. Please give it a read, it is important.
Stay tuned and Trust Jesus.
Key Indicators for February 28, 2012
FED Target Rate: 0.10% ON AUTOPILOT, THE FED IS DEAD!
MINT Perceived Target Rate*: 1.00% AWAY WE GO!
Dow Jones Industrial Average: 13,005
M1 Monetary Base: $2,137,600,000,000
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