Money – Part 1
Good day to each of you reading this column as I do hope you are staying safe and not effected by the COVID virus. As we endure this plague, it is my hope that you are safely secured under the wing of the Almighty God. Be not afraid for God is with us and will never desert us for he delivered our forefathers, the Israelites from many troubles and he will deliver us also.
Speaking of the Israelites and their slavery troubles, I have not heard any of the media outlets cover our Israelite slavery ancestry? If one really wishes to get technical, wouldn’t the Israelites be the first race under slavery as recorded in the Bible?
If this is the case, then wouldn’t the Ten Commandments and the Bible be the authority on slavery and how to avoid or destroy slavery as we know it today? Are our people so blind that if we replaced our thousands of man-made laws for the Commandments, Laws and Statutes of God, then we would avoid the riots, looting and chaos in our countries?
Speaking of crazy happenings, take a moment to read the following: I was at the airport, checking in at the gate when an airport employee asked, “Has anyone put anything in your baggage without your knowledge?” To which I replied, “If it was without my knowledge, how would I know?” He smiled knowingly and nodded, “that’s why we ask.” From Birmingham, Ala.
I live in a semi-rural area. We recently had a new neighbor call the local township administrative office to request the removal of the DEER CROSSING sign on our road. The reason: “Too many deer are being hit by cars out here! I don’t think this is a good place for them to be crossing anymore.” From Kingman, KS.
Yes, the above really happened and those were the responses—We do need some laughter in our life, as I hope you enjoyed those stories.
On a much more serious note, let’s turn our thoughts to the subject of money.
Recently, in the USA, and just six weeks ago, the American public was told that the economy grounded to a halt earlier this year, “the flow of coins through the economy has gotten all — it’s kind of stopped,” Fed Chair Jerome H. Powell said in a Wednesday hearing before the House Financial Services Committee. Powell said the Fed has been working with the U.S. Mint and reserve banks to fix the temporary issue. “The places where you go to give your coins and get credit at the store and get cash — you know, folding money — those have not been working. Stores have been closed,” Powell said. “So the whole system has kind of, had come to a stop. We’re well aware of this. … As the economy reopens, we’re seeing coins begin to move around again.”
Earlier this week, the Federal Reserve banking system issued a note warning banks that it would start rationing coins, along with working with the U.S. Mint, to fix the coin supply chain problems. This information was provided by The Washington Post on 06/18/20.
Is this the sign of the times? COVID-19, coin shortage, and banks not lending money for housing. Nervous about the economy, yes, most definitely as we see signs of the great depression of 1929 in the USA.
Will the penny disappear in the USA coinage? Will paper money disappear and be replaced by the debit card or a thumb print? Isn’t it interesting that it takes the pandemic to shift economies from acceleration to deceleration? Is this a type of conditioning for people to accept a “world economy”? Is the small business or (industrial capitalism) being replaced by financial capitalism?
Industrial capitalism or small businesses are the backbone of each country’s economy because men and women have energy, ability and intestinal fortitude to take the burden, risk and responsibility of establishing a business to give other people employment, chance to utilize their skills and opportunity to start their own small business.
The Bible, the prophets, apostles and our Lord devotes more space and time on the money question. In fact Isaiah & Jeremiah wrote whole chapters, Moses gave us numerous laws on economics and scriptural money system, and Nehemiah solved the money problem.
Money is to be used as interest free and not tacked on to bondage people. If we were to get our heads out of the sand and write our congress to have the Federal Reserve abolished and Congress, not the Federal Reserve, the power to coin and regulate money. Do we not understand that debt is the yoke around Americans to prosper? Please show me fellow Christian in the Bible where we should be in debt as a nation?
I just read the following article:
Chicago looting proves Black America deserves reparations — here’s why
Please note the following: According to a 2017 report by nonprofit Prosperity Now, the average white-owned business in Chicago is worth 12 times more than the average Black-owned business; the median yearly income for a Black household in Chicago is less than half that of the median white household; and a third of Black households have a net worth of $0, compared to 15 percent of white households.
All of this amounts to a historic pattern of perpetual, systematic looting of Chicago’s Black community. As of Aug. 13, at least 42 people had been charged with felonies in the alleged looting three weeks ago. How many bankers have been charged for stealing from Black families?
Righting these historic wrongs will take what one South Side community organizer calls “deep interventions:” Long-term commitments to struggling neighborhoods beyond cops and jails that include funding for affordable housing, mental health services and jobs training.
Activists say money for those initiatives should come from police coffers. In 2020, the operating budget for the Chicago Police Department hit $1.65 billion, the largest police budget in the city’s history. Most of that money is earmarked for salaries and overtime pay for the 13,000 or so sworn Chicago police officers, giving the city more cops per capita than New York or L.A.
Yet despite those record numbers, murder rate spiked again this year to levels unseen since the 1990s. Community organizers say those numbers are proof that it’s time to defund the police department to free up funds for community initiatives that can better prevent violence. Lightfoot has so far refused to entertain those calls, deriding the movement as “a nice hashtag.”
But the looting shows Chicago’s legacy of plundering Black wealth will not fade away on its own. Reparations of all kinds must be made to Black Chicago.
Carlos Ballesteros, NBC News•August 30, 2020 https://news.yahoo.com/looting-chicago-shocked-america-nation-162609431.html
Reparations would not be needed or thought of under God’s laws for the banking system, as we know it today, would be shredded and diced.
Let me provide the following example — In the article above, the question of how many bankers have been charged for stealing from Black families or from white families, or any family that resides in the USA? Even though interest rates are lower than the example that I will give, it was not that long ago that these interest rates were very common.
When an American family goes to the Bank to borrow $60,000 to purchase a home or farm, the Loan Manager has the borrower agree to pay back the loan plus interest. At 14% interest for 30 years, the borrower must agree to pay $710.92 per month for a total of $255,931.20. The loan manager requires the borrower to assign to the Banker the right of ownership of the property if the Borrower does not make the required payments. The loan manager gives the borrower a $60,000 check or deposits the $60,000 into the borrowers checking account.
The borrower writes checks to the builder, subcontractor, retailer, etc., who in turn writes checks. So $60,000 of NEW checkbook money is added to money in circulation. But what about the interest on the loan, was that money placed into circulation?
No, you, the borrower, must earn and take out of circulation $255,931, almost $200,000 more than what he put in circulation when he borrowed the original $60,000.
Here’s the kicker, it is the interest which cheats all families out of nicer homes. It’s not that they can’t afford them; it because the Banker’s interest (usury) forces to pay for FOUR homes based on $60,000 to get one. (Courtesy of Billions for the Bankers)
Usury or interest on debt is against God’s laws—Exodus 22:25—If thou lend money to any of my people that is poor by thee, thou shalt not be to him as a usurer, neither shalt thou lay upon him usury.
Leviticus 25:36-37—Take no usury of him or increase… thou shalt not give him thy money upon usury.
Deuteronomy 23:20—Unto thy brother thou shalt not lend upon usury: That the Lord thy God may bless thee.
Three examples of how usury is evil and that it should be abolished and that we would have no need for reparations for our country would be very prosperous.
In the next lesson, we shall explore the Bible and to hope to solve our economic difficulty by following and executing scriptural laws relative to money and usury.
May God Bless you and keep you safe and May you Bless God for all things great and small.
Jeff
