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True Wealth

In the beginning, there was true wealth. Natural resources and food were in abundance. The first human family had no lack. And there was no paper money, no credit cards, no loans and no financial debts.

Barter trade was employed as no monetary system was in existence. Goods and services were exchanged for other goods and services. It was based on mutual agreement and needs. As simple as it was, there were however some transactional problems.

Barter was only possible when coincidence of wants occurred. Before any transaction could take place, each party must be able to find another party who had something that he needed, and to supply something the other party desired. Next was the problem of the exchange rate. How many apples for how many oranges, and how many cows for how many lambs. Third was the trouble and risk of storing the perishable food and commodities while waiting for the right party to come, and also to agree on an acceptable barter exchange rate.

God is good. In the Garden of Eden, there was gold. And the gold was good. And as time passed, man discovered gold.

Now a river went out of Eden to water the garden,
and from there it parted and became four riverheads.
The name of the first is Pishon;
it is the one which skirts the whole land of Havilah,
where there is gold.
And the gold of that land is good.
Bdellium and the onyx stone are there.
(Genesis 2:10-12)

God created pure gold to be the unshakeable medium for transactions of goods and services for the human race. His economic system of commerce and trade would withstand inflation, deflation, currency and monetary crisis. It was solid, stable and supreme, not subjected to the manipulation of men and market ups and downs.

The Gold Standard was the Biblical basis for transactions of goods and services. God is the author of this excellent standard, not man. He also established the weights, and their measurements so as to protect men and women from their greed of money.

Honest weights and scales are the LORD's;
All the weights in the bag are His work.
(Proverbs 16:11)

Gold was very rare and precious! It needed to be mined and refined before becoming valuable.

I counsel you to buy from Me gold refined in the fire,
that you may be rich; and white garments,
that you may be clothed,
that the shame of your nakedness may not be revealed;
and anoint your eyes with eye salve,
that you may see.
(Revelation 3:18)

The Gold Standard was good until the political rulers and money changers corrupted it. They added cheap base metals to their gold.

Come now, you rich,
weep and howl for your miseries that are coming upon you!
Your riches are corrupted,
and your garments are moth-eaten.
Your gold and silver are corroded,
and their corrosion will be a witness against you
and will eat your flesh like fire.
You have heaped up treasure in the last days.
James 5:1-3

As gold was no longer pure and rare, inflation took place. More gold pieces were artificially created to purchase the same amount of good and services, resulting in rising prices! Land and properties became more expensive. The prices of daily commodities also rose remarkably! It was not because the good and services were better and of greater value, but because the money had lost its intrinsic value.

The other problem was the dishonest weights and scales of the money changers and bankers. They cheated on their customers by weighing heavier when selling, and lighter when buying. On either way, the customers lost out.

You shall not have in your bag differing weights,
a heavy and a light.
You shall not have in your house differing measures,
a large and a small.
You shall have a perfect and just weight,
a perfect and just measure,
that your days may be lengthened
in the land which the LORD your God is giving you.
For all who do such things,
and all who behave unrighteously,
are an abomination to the LORD your God.
(Deuteronomy 25:13-16)

Dishonest scales are an abomination to the LORD,
But a just weight is His delight.
(Proverbs 11:1)

The money changers were even doing their unrighteous and deceptive business in the Temple of God! Jesus called them a den of thieves, and drove them out.

Then Jesus went into the temple of God and
drove out all those who bought and sold in the temple,
and overturned the tables of the money changers and
the seats of those who sold doves.
And He said to them,
"It is written, 'My house shall be called a house of prayer,'
but you have made it a 'den of thieves.'"
(Matthew 21:12-13)

Originally, the value of money was determined by the intrinsic value of the precious metals such as gold and silver that the money was made of. But to carry large amounts of heavy gold and silver coins was both cumbersome and dangerous. As such, financial banks and institutions began their financial services and functions to ease the transactions of goods and services.

Banks began to receive gold and silver coins from their customers, and issued bank notes. A banknote is a promise to pay the bearer a stated amount of precious metals stored somewhere. This stored value was usually in terms of gold or silver coins. These banknotes were transferable from owner to owner as goods and services exchanged hands. And these banknotes had the ability to be easily exchanged and converted into gold and silver coins, its stored value.

Everything went well as long as these financial institutions were trustworthy and honest. But in bad times such as wars or revolutions, and even in good times of progress and development, these banks began to produce banknotes, not backed up by precious metals. This led to hyperinflation, and a loss of faith in the value of the paper money. When people went to redeem their banknotes for gold and silver, the banks had not enough for every depositor. Many bankers became bankrupted. As a result, many of them were beheaded for their evil deeds.

Realizing this danger of creating money out of nothing, the founding fathers of America made this provision in the U.S. Constitution:

" No state shall ...coin money; emit bills of credit; or make anything but gold and silver coin a tender in payment of debts." (From Article I.10.1)

Very clearly, the United States of America in the early days could not create their coins or banknotes without the equivalent backing of stored gold and silver bars. These early coins and banknotes issued by Congress were legal tender for the payments of debt, based on the Biblical Gold Standard.

The initial coins and banknotes were known as debt money as they could be redeemed for silver or gold on demand. A good example was the one-dollar "Silver Certificate" (1935 series). In it was clearly stated: "THIS CERTIFIES THAT THERE IS ON DEPOSIT IN THE TREASURY OF THE UNITED STATES OF AMERICA ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND". The 1935 dollar bill was an honest and righteous weight of tangible and redeemable silver.

However, as the years went by, fiat money came into being. They have no gold or silver backing. This paper money is issued as legal tender but cannot be redeemed for anything.

Today, most of the currencies of the world are fiat money. These bills are nothing more than pieces of paper with no value. One good example is Federal Reserve Notes (FRN). A bank note in banking terms is considered as a debt. It is an IOU that promises to repay the bearer according to the value stated within. But in any current FRNs, there is no promise to pay anything except a statement that says: "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE". In other words, a FRN is an "IOU nothing."

These worthless paper bills, made of wood and cotton, were in great abundance as they are easily created and printed. Too much of these paper currencies chasing after limited goods and services have resulted in inflation and rising prices. Fewer goods can be purchased for the same amount of dollars and cents.

Money has suffered great depreciations and devaluations. Governments begin to exercise controls through pricing, interest rates, wages, taxes and such, restricting freedom of trades and businesses. This leads to poverty and chaos in their own country and other countries, giving rise to government tyranny and upheaval. By debauching their currencies, the very foundations of the economy are shaken. The people lose their trust and freedom! The richer become richer, and the poor become poorer.

In the past, we have millionaires. Now, we have billionaires. But has our world become richer as a result? No, even billionaires borrow money from banks and financial institutions. They have their own mountains of debts. The rich and the poor are in debts! The rich and the poor have become slaves to the banks and financial institutions!

There are a lot of talks about the transfer of wealth today, and about endtime Josephs. Many Christians are interested in quick programs of how to get rich and richer. Many pastors think that Josephs are the rich businessmen in their congregations. However, I don't believe that this is necessarily so. Most of today's rich people are rich in debts: debt based investments, leverage stocks, mortgaged real estate, and empty paper promises. They have the image of prosperity, but they are actually slaves to their lenders, having mountains of debts to be cleared. I have personally known some very rich who are now bankrupt, owing banks lots of millions.

The rich rules over the poor,
And the borrower is servant to the lender.
(Proverbs 22:7)

And it shall be:
As with the people, so with the priest;
As with the servant, so with his master;
As with the maid, so with her mistress;
As with the buyer, so with the seller;
As with the lender, so with the borrower;
As with the creditor, so with the debtor.
The land shall be entirely emptied
and utterly plundered,

For the LORD has spoken this word.
(Isaiah 24:2-3)

Because you say, 'I am rich, have become wealthy,
and have need of nothing'--
and do not know that you are wretched, miserable, poor,
blind, and naked--
I counsel you to buy from Me gold refined in the fire,
that you may be rich; and white garments,

that you may be clothed,
that the shame of your nakedness may not be revealed;
and anoint your eyes with eye salve, that you may see. (Revelation 3:17-19)

There is no subtler or more severe means of overturning the existing basis of society than to debauch the currency. All the hidden forces behind these laws of economics and banking are not easy to understand and diagnose. Most banks are using the dishonest scales of Fractional Reserve Banking to create money out of nothing. We therefore need godly wisdom to investigate and take precautionary measures. Our present civilization is in the midst of a global financial crunch and collapse unless its defects are honestly understood and remedied very soon. The worst is yet to come, and the best is yet to be.

And I am not advising you to buy and store gold. But I am asking you to hear what the Spirit is saying to your heart. Let Him be your Teacher and Counsellor. Watch and pray. The true wealth is still human beings! Their salvation is still the heartbeat of Christ!

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