Good day to you reading this article on money and how it profoundly effects each of us on a daily basis.

I hope that you have been reading the first three articles, Part 1, Part 2, Part 3, on money, the gold standard and the effect that it has on our daily living. So the question comes up from various groups: Should we be under a gold standard? How will we ever be able to pay for the national debt? When money goes into circulation, why is it a debt? Which is better, financial or industrial capitalism? What is usury? What would happen if a constitutional money system were put into place and that money would be created debt free and interest free?

The conclusion is simple—we must not go on the gold system—this system has failed as seen in the Biblical teachings. Gold and Silver are metals and nothing more. Gold is an inflexible standard under the medium of exchange.

Other questions explored and answered were the definition of usury and its origin and if we will ever pay the national debt completely. Usury, according to the Bible, is if your lending money to my people among you who is needy, do not be like a moneylender, charge him no interest. Exodus 22:25 (NIV)

We are God’s people, plain and simple, and we are not to charge interest to our fellow brother in any case for, if we do, we are no better than a moneylender. God does not want to see a yoke around our necks and burdened by consuming usury, but prosperity and not poverty.

God has made it clear that we can place usury on debts upon the foreigner—As explained by the Wycliffe Bible Commentary in Deuteronomy 23: 20—Interest might be exacted from foreigners (a stranger) however, because the loans made to them would not be for the relief of destitution but for business capital to be employed by these traveling merchants for profitable enterprise.

Here is Howard Rand’s take on the perfect system—Perfection in any true economic structure that will bring to men real happiness in the labor of his hands must eliminate destructive competition and in the midst pf plenty allow no poverty. It will not destroy private enterprise and industry nor will it deprive citizens of the right of ownership. There will be competition in the doing of good and in the rendering of services. Private enterprise and industry will flourish in the hands of individuals who will consider themselves stewards accountable to God for the welfare and happiness of those they employ and will share equitably in all profits.

The above paragraph is true perfection without greed—Companies are meant to show a profit and to grow, but many companies do not invest in the people that work for the company. This is a one-way street where the upper management receives all the benefits and the worker receives poverty wages.

Greed sets in with the upper echelon, the thought of being a good steward is a passing thought, workers are told to produce more and instead of profits shared equitably, profits are shared with only the upper management and board of directors.

As a country, the USA will never pay off the national debt and the result will be passed from one generation to the next to pay the usury. Sad, but true, the tail is usury and those who are placing usury upon the head which is the American people.

The question arises, can this iron yoke be broken or lifted off our necks? Yes, if a constitutional money system were put into place and that money would be created debt free and interest free. I wasn’t around when the “Great Depression” hit in the twentieth century but as I was told and read about the disastrous results of an artificially created shortage of money.

History is the barometer of the good, the bad and the ugly—Wouldn’t you agree that before 1913, the USA was a prosperous, powerful and growing industrial nation along with being at peace with other countries and the melting pot for those leaving other countries to become American citizens. Then in December of 1913 when many members of Congress were away for the Christmas Holidays, the Federal Reserve Act was passed by simply authorizing the establishment of the Federal Reserve Corporation, board of directors and twelve (12) districts. “Congress shall have the power to coin money and regulate the value therof was abolished in December 1913 and replaced by a private corporation, the Federal Reserve, with the intent of the “rich getting richer and the poor getting poorer.”

So how does this work? Let’s take the following illustration from Billions for the Bankers, $1,000,000,000 or $1billion is needed since the federal government did not take in enough taxes, government doesn’t have the reserves, and Congress has given away its authority to coin or create the money, then Government must go somewhere to borrow the money to keep everything flowing. This is where the privately owned Federal Reserve enters the picture and delivers the $1,000,000,000 or $1billion in exchange for the Government’s agreement to pay it back with interest. Congress authorizes the Treasury Department to print $1billion in U.S. Bonds to the Federal Reserve Bankers. The cost of printing? (about $1,000).

The government pays its bills or obligations and we, the people, are now indebted for the $1billion plus the interest. This is not just one transaction, but tens of thousands of transactions have taken place since 1913. The result is that we will never pay off the interest to get to the principal, thus leaving the debt to our children and their children and their children’s children and down the line.

Are you sitting down? Remember, the U.S. Bonds? Those bonds have become “assets” of the banks in the Reserve System to “create” more “credit” to lend. As of 1984, those “reserve” requirements allowed them to use that $1 Billion in bonds to “create” as much as $15 billion in new “credit” to lend to States, municipalities, businesses and individuals. Ready for the kicker, remember the original $ 1 Billion that was borrowed to the government, add in the $ 15 billion to get $ 16 billion of “created credit” in loans, plus interest and the cost, $1,000 for printing the original $1 billion.  Conclusion: What a return on your investment!

Oh, wait, there’s a bit more—The bankers who control the money at the top are able to approve or disapprove large loans to large and successful corporations—Ok, but what would happen if the loan is not approved? In all probability, the company’s stock price is reduced, banker’s agents buy large blocks of the stock, after which the sometimes multi-million-dollar loan is approved, stock rises, and then sold for a profit. If you don’t believe me, just look at the stock market each time the Federal Reserve has a meeting or announces to the public outlets of an increase or decrease in their “rediscount rate”.

Thomas Jefferson wrote the following, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until children will wake up homeless on the continent their forefathers conquered.”

This is one of many quotes by presidents, foreign ministers, inventors, and even philosophers on the subject of money, but these men all utilized the Bible as their source for inspiration: “For the love of money is the root of all evil…” 1Timothy 6:10 and Leviticus 25:36-37—Take no usury of him, or increase… thou shalt not give him thy money upon usury and Deuteronomy 23:20—Unto thy brother thou shalt not lend upon usury: That the Lord thy God may bless thee.

As I close, our country is to be the lender to many nations and not the borrower and this lesson holds true to God’s people. If we are to lend to our people, then we are to charge no usury and we will receive the blessing and if not, we will receive the curse. Our choice, which do you choice.

Lesson five will tackle a couple of quick questions and some final points on what Christ had to say about money.

May God Bless you in all that you do, and I ask that you pray for those who put their lives on the line daily such as our servicemen, doctors, nurses, police, firemen and our truckers.


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