Website for this post:
DEBASING THE CURRENCY IS EVIL AND IS AN ABOMINATION TO GOD BECAUSE FIRST AND FOREMOST IT DESTROYS THE POOR. SEE THE FOLLOWING POST FOR THE SCRIPTURES–Richard Duke:
SEE BELOW: James, chapter 5, verses 1 to 6
Failure to speak against evil and passivity–WHAT DOES THE BIBLE SAY? And what did Dietrich Bonhoeffer say?
From the article:
“an uncanny echo of the movement’s humble beginning played out in Tunisia this week when a journalist and activist died after setting himself on fire in a gesture of protest – echoing the self-immolation of a street vendor that effectively kicked off the movement back almost eight years ago.
The deadly act of defiance has triggered protests against unemployment and poverty that were vaguely reminiscent of the popular uprising that led to the ouster of former Tunisian dictator Zine El Abidine Ben Ali, who became the first domino to fall as protests swiftly spread to Libya, Egypt, Syria, Yemen and elsewhere.”
Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. THE MORAL ISSUES OF MONEY
“… Richard Cantillon [pronounced Cantion] (1680s-1734?), the first economic theorist and proto-Austrian economist …
Cantillon showed how the interest rate and the money supply can create changes and distortions in the economy, a phenomenon now referred to as “Cantillon effects.” p. 15.
Monetary inflation depends on who gets the money and credit first and who gets it last. As fiat money is created by central banks, private banks are in a position to expand the amount of loans they make. The wealthy have established relationships with the banks, and they have the real estate and assets to provide collateral for the loans. Large, established companies and wealthy individuals are in favorable positions relative to small businesses and people with low or average incomes. The loans allow big companies and wealthy individuals to invest in capital goods during the boom phase of the business cycle. Central banks thereby create artificial inequality and poverty. This is the primary Cantillon effect of redistributing wealth.” pp. 229-30.
READ THIS BOOK, PLEASE:
The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century
Richard Cantillon is confirmed by the Bible:
James, chapter 5, verses 1 to 6:
Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter. You have condemned and murdered the innocent one, who was not opposing you.