Sunday, January 13, 2019
Will America's Economy Really Collapse Like So Many Are Saying?
The Coming Economic Reset and the Bible
by Minister Paul J. Bern
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The profligate $22 trillion dollar deficit currently being foisted on the backs of scores of millions of hardworking Americans by their federal government is, based on observation, one of the greatest rip-offs in the history of humanity. The Federal Reserve, which everybody knows by now to be neither, is the primary player in this scam, and certain elements of the US government are its enablers. The root cause of this problem is the way our capitalist economic system operates, which is that it is based on debt as a way to create money. For hundreds of years our economic system has worked just fine just as it is, and many have benefited from its existence, including myself.
But more recently capitalism has become problematic due to one thing – population increase. Once the earth's population eclipsed 5 billion in 1987, there were too many people that wanted their fair share of capitalism's profits, and so all our fair shares have been dwindling ever since in the form of stagnant wages. Since then, humanity has passed the 7 billion mark back in 1999, and we will leap over the 8 billion mark sometime in the early 2020's. The end result, from capitalism's standpoint, is that too many people are competing for their chunk of the profits, while too few already have far more than their fair share. Our modern term for this is 'economic inequality', and the US in particular has a huge problem with this. Continental Europe (including Great Britain) is also experiencing increasing issues with inequality, as the “yellow vest” protests in France, as well as the civil unrest in Greece, Italy, Spain and elsewhere attest to.
So to come full circle, capitalism is a debt-based economic system, but debt is slavery because those who are repaying their debts are legally bound and obligated to them until they are repaid. So logic would then dictate this: Capitalism is a debt-based economic system; debt is slavery; therefore, capitalism is slavery, or more accurately has devolved into slavery in the 21st century. Realities change and paradigms change, and both by the force of human progress. Now, before any of my prosperity-loving readers become upset with me, I am certainly no Communist or Socialist – I will admit to being a bit of a hippie, but I say that with pride and enthusiasm. Both of those economic systems and/or ideologies have already been tried, and they have all ultimately failed miserably, such as Soviet Russia, Castro's Cuba, North Korea and Venezuela, to name a few.
But all of those who are capitalism's proponents are overlooking an important set of facts, and that is what the Bible says about indebtedness, debt repayment and debt forgiveness. That last one concerning the forgiveness of debt is what the die-hard capitalists have the biggest problem with. Yet strangely enough, nearly all of them self-identify as Christians. They seem to have forgotten the part of the Lord's prayer that says, “Forgive us our sins as we forgive those who sin against us”. Don't expect to be forgiven if you yourself refuse to forgive the wrongs of others, whether real or imagined. Based on that alone, it would be good if I could interject some relevant Scriptures over the next page or so, together with some background and explanation of how these ancient Scriptures still apply to modern life. All these truths come from the writing of Moses, so let me start with Leviticus.
“8) “Count off seven sabbath years – seven times seven years – so that the seven sabbath years amount to a period of forty-nine years. 9) Then have the trumpet sounded everywhere on the tenth day of the seventh month; on the Day of Atonement sound the trumpet throughout your land. 10) Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each of you is to return to your family property and to your own clan. 11) The fiftieth year shall be a jubilee for you; do not sow and do not reap what grows of itself or harvest the untended vines. 12) For it is a jubilee and is to be holy for you; eat only what is taken directly from the fields. 13) In this Year of Jubilee everyone is to return to their own property.” (Leviticus 25, verses 8-13)
Now, just to set the record straight, a “sabbath year” is defined earlier in this passage, in verses 3 through 5: “For six years sow your fields, and for six years prune your vineyards and gather their crops. But in the seventh year the land is to have a year of sabbath rest, a sabbath to the Lord. Do not sow your fields or prune your vineyards. Do not reap what grows of itself or harvest the grapes of your untended vines. The land is to have a year of rest.” At first glance, this would not seem to apply to modern life. After all, we no longer live in an agrarian-based society. But this way of life could still be applicable to the times in which we live. Overpopulation has been a concern for the last generation or so, probably more. Yet one fourth of the world's population still does not have access to clean running water. So what if everybody took a whole year off and hooked up the entire world with clean water and sanitation? The world sure would be a lot better place, inhabited by a lot better caliber of people, than it is now. That could be one version of a modern Sabbath year.
“Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each of you is to return to your family property and to your own clan. The fiftieth year shall be a jubilee for you; do not sow and do not reap what grows of itself or harvest the untended vines.” In modern times, instead of crops in the field, we should be tending to one another since there are so many of us. Imagine having an entire year of paid family leave! That's just one way that these commandments of old can be renewed and their relevance refreshed, I'm sure you can think of some more. “For it is a jubilee and is to be holy for you; eat only what is taken directly from the fields. In this Year of Jubilee everyone is to return to their own property.” Remember that slavery was still legal back in those days. Anyone who had sold themselves into slavery to repay a debt, which was common, was free to return home to their families. The same thing applied to mortgages, as we see in verse 13. It still does – which is why 30 year mortgages are sinful for both borrower and lender. Let that one sink in for a minute.
Now let me quote from a second example before tying this all together. “1) At the end of every seven years you must cancel debts. 2) This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the Lord’s time for canceling debts has been proclaimed. 3) You may require payment from a foreigner, but you must cancel any debt your fellow Israelite owes you. 4) However, there need be no poor people among you, for in the land the Lord your God is giving you to possess as your inheritance, he will richly bless you, 5) if only you fully obey the Lord your God and are careful to follow all these commands I am giving you today.” (Deuteronomy 15, verses 1-5)
By now all of you have noticed that our economic system, together with the mortgage and payday and vehicle title loan businesses, are not even in the ball park compared to God's instructions to Moses, which have been handed down to the rest of us. Some of you will be surprised to learn that any loan lasting longer than seven years runs contrary to the instructions contained in the Scriptures. Also, notice in verse 3, where the Lord Almighty says it's OK to lend to foreigners, which means 'non-Jews' in this context, but extends to everyone in modern times simply because there are so many of us. If this is starting to sound like it includes those who are applying to cross America's southern border, you are absolutely right.
“However, there need be no poor people among you,...” If, says the Lord Almighty, we obey these commands, everyone will have enough, and there will be no one needy among us. But modern capitalism has devolved into a contest of “whoever takes the most wins”, which is exactly the opposite of what the above passages of Scripture tell us to do. Consequently, the western capitalist-based economies are in real danger of collapse for the first time in living memory for all but the oldest of Americans, who still remember the Great Depression. Debt has now reached unprecedented levels, and the interest on the deficits of the world's governments are accruing faster than the principals can be repaid. A financial implosion is on the horizon – not just America's, but the entire world's economies will soon crash. Once the federal reserve runs out of debt from which to create money (see fractional reserve lending), there will be no one left to lend to, and the world's finances will run dry. This will included the world's banking systems as well as the economies of entire countries. And all this will be occurring because some insanely selfish people can never get enough money, wealth and prestige, all of which are illusions.
So ultimately, the world's economies are going to have to be rebooted sooner or later. It will be the only way to stave off disaster. If anyone has money in the stock market, better get your money out of there before you lose it, and I'm not kidding. Anywhere is better than Wall Street's gambling casino. And, when the day finally comes when all the world's economies have to be reset, instead of gold and silver, I would invest in ammunition, nonperishable food, tools and barter items as a way to survive what's coming. A ton of gold will do you no good if there's no way to sell it. Our money could become worthless, or close to it. One dollar in 1913 is worth 4 cents today, which is why I say that hyperinflation isn't on the horizon. It's already here, and we've got it in spades. Four stinking cents? Just think about that and let it sink in for a minute, and you'll see how far we've fallen. And we're going to have to pick ourselves up, because the government will no longer be able to help us. Let that one sink in too.