Ludwig von Mises and Murray N. Rothbard refused to compromise the truth. And another: Jesus Christ.
THE ANSWERS TO THE QUESTION:
I have posted articles that are unfavorable toward the economy and monetary system. And I know that a negative attitude is not good.
(This post may be updated and edited frequently.)
I do have a positive outlook spiritually because I know that God is in control, but I do not understand what God is doing or may do. This is a spiritual war between the kingdom of Jesus and the kingdom of Satan. Satan is the god of this age and the ruler of the world. This age is time outside the realm of eternity. The spiritual age is the realm outside of time. This age is time and space. The spiritual age is space.
I post these articles, with some of my writings, for two reasons—one primarily secular and the other primarily spiritual:
First, inflation is evil because it supports the state (federal government), and its elitists cronies, Wall Street banks, the military industrial complex, and others at the expense of those who are not government connected. These parties are the first recipients of newly-created fiat currency and fiat fractional-reserve credit. This transfers wealth from the later and last recipients of this created currency and credit, with the consequence of rises in prices on them. This is an abomination to God in the Bible. So, when interest rates are continuously lowered, these are acts that are abominations to God. I will not bend with respect to, monetary and credit matters, from the Bible no matter what politicians, Keynesians, journalists, professors, etc., say BECAUSE THEY NEVER MENTION THE IMPACT OF WHAT THEY ARE DOING ON THE POOR.
Second, Lower than market interest rates causes booms (such as real estate in 2008) that are unstainable and must end in a bust. Low interest rates cause malinvestments, which are unstainable and at some point must be liquidated. The Fed continues kicking the can down the road attempting to avoid the crashes that result from these unsustainable investments. When unstainable investments are made, such as in real estate that crashed in 2008, it increses employment away from more viable investments and businesses to firms and companies involved in unstainable investments, thus allowing good numbers regarding the economy to be stated by the state (Federal government) but other parts of the economy are harmed and hidden from those who do not understand.
Third, First and Second are true.
DO YOU EVER HEAR ANYONE WHO IS TALKING ABOUT THE ECONOMY, PROVIDING (FAKE) STATISTICS AND POSITIONS, MENTION HOW THE MONETARY (DEBT) SYSTEM IS KILLING, STEALING FROM AND DESTROYING THE POOR; AND TRANSFERRING WEALTH FROM THE NON-GOVERNMENT CONNECTED PEOPLE TO THE GOVERNMENT AND THE GOVERNMENT CONNECTED (Clearly Confirmed by the Bible, Austrian economics and Especially the Cantillon Effects)? Richard Duke
Chapter 13 of the book: The Ethics of Money Production: The Cultural and Spiritual Legacy of Fiat Inflation
PLEASE AT LEAST LOOK THROUGH THE TITLES OF THE PREVIOUS POSTS (THAT I WILL ADD TO FROM TIME-TO-TIME) THAT SUPPORTS MY STUDIES OF AUSTRIAN ECONOMICS AND THE BIBLE FOR MANY YEARS.
Thornton begins with an important discussion of money creation and Richard Cantillon, writing: “… Richard Cantillon (1680s-1734?) [was] the first economic theorist and proto-Austrian economist …[he] 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.”
Monetary inflation is affected by 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.”
Thornton shows that the biggest winners come from the Federal Reserve and the bank system’s creation of newly created currency and credit are the U.S. Government, its large contractors, such as weapons manufacturers, big banks, and Wall Street. The losers are also revealed: the labor class consisting of private-sector workers, those on pensions or fixed incomes.
Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton
Yes, I am concerned about the kingdom of Satan because as many of my posts indicate, in America the preachers are not preaching the kingdom of God. They are preaching only about the soul and being saved. The kingdom of God is spiritual and involves breath, and not blood. In the spiritual world, Jesus is the head of a mighty army, but one must be in the kingdom to be one of His troops.
In addition to warning individuals of the economic and monetary system, I am also concerned at the stealing, killing and destroying of the poor. The Bible makes it clear that debasing silver (the money used in the Old Testament), destroyed the poor and is an abomination to God. See particularly Nehemiah 5, Isaiah 1:21-23, James 1:1-5, and Micah 6.
Satan’s kingdom is furthered by humans on earth as well as demons and satanic angels in the heavenlies. Jesus said for us to further His kingdom on earth as it is in heaven.
The real wars are not only on earth but also in the heavenlies:
10 Finally, my brethren, be strong in the Lord, and in the power of his might.
11 Put on the whole armor of God, that ye may be able to stand against the wiles of the devil.
12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
So, I am disturbed by the continuing destruction of the poor and the increasing number of individuals who are coming into that capacity of the poor. If it is an abomination to God, then I do not like the lowering of interest rates continuously by the Federal Reserve that further debauches the currency and the credit, transferring wealth from those who are not connected to the government to the government and those connected with the government. Low interest rates allow favorable borrowings, as stated above, by state (U.S. Treasury), Wall Street banks, elitist government-connected companies, the military industrial complex and others. They are the first recipients of newly-created currency and credit. Please see below that the Cantillon effects is noting more than what the Bible says, especially Nehemiah 6.
SEE THE VERSES BELOW FROM PREVIOUS POSTS:
New Testament contains 215 verses pertaining to faith; 218 pertaining to salvation; and 2,084 dealing with money matters