Big corporations will sell cheaper, less quality product, or product with less amount of substance in order to circumvent the effects of inflation. Their motive for not just selling the same quality product at a higher price, is to not be seen as greedy villains who take advantage of the consumer, which would inspire the public to lash out in betrayal and damage their branding. They could not possibly explain to their loyal customers the finer details of their ever-increasing business overhead. So, they act with moderate deception.
The unintended consequence of manipulating the product instead of the price is the whitewashing of the horrors of devalued currency. In some other situation, in some other nation, the posted prices may increase so that the consumer may start to eventually understand the problem, justifiably begin to panic, and withdraw all of their checkings and savings, creating a national crisis for the sake of salvaging worthless paper money.
Smaller banks are not required to keep any of the deposits on their books in the vault. Medium-sized banks are only required to reserve three percent of deposits. Larger banks, only ten percent. This is the bare minimum of the ‘reserve requirement.’ The rest is loaned out to clientele. The bank profits on all of the interest of those loans. When there’s a ‘run on the bank‘ through mass, fiscal panic, that fraction of a fraction of the deposited assets cannot possibly cover the withdrawal claims. All of the money is already loaned out and no self-respecting bank owner is going to cough up the profits made on the interest of the loans made with other people’s deposits. The bank’s insured, anyway. When a bank is called upon to pay back more money it has borrowed from clients than it has in reserve, it borrows the deficit from a bigger bank. Ultimately, from the Federal Reserve. This relationship is determined by an FDIC relationship, though the Reserve is just as ready to loan to non-FDIC approved institutions when called upon.
But, as is good banking practice, the Reserve does not loan out the profits it makes on interest rates. Rather, the Reserve has the exclusive right and favored practice of printing more currency, and loans it out to keep banks from declaring bankruptcy. It inflates the market with valueless currency as a solution to a problem created by valueless currency that has already been inflated by scenarios just like this.
‘Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.’ (Kenneth Boulding, economist)
Take the big corporations. Or any corporation. When, for whatever reason, a corporation must file bankruptcy, there may be an incentive for the US Government to bail it out. Of course, the government is also bankrupt. But, because it is always expressing a vested motive in accruing more of a controlling interest in, well, everything, it borrows from the Federal Reserve, who prints more valueless currency to loan to the government so it can purchase and further own businesses that already contractually exist by its permission. Not only does the bail-out fund go to inflate the economy, but the interest for the bail-out loan is deferred to the taxpayers as well.
‘The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again…
Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.’ (Sir Josiah Stamp Director, Bank of England 1928-1941)
This cycle of inflation, devaluing the economy, going into debt through applying for loans, just to have the economy further devalued through hyperinflation as a supposed solution to inflation, can never prevent the inevitable: a collapsed market, a ruined society, and a starving people with wheelbarrows full of life savings that cannot even afford a loaf of bread.
This is the damnation culminating from the broad path of sinful socialism, the road that leads to destruction. The end result of human civil bondage created by human civil government, and its socialist institutions that make merchandise of men, compelling them to sacrifice their liberties and equity in exchange for debt notes. A covetous, idolatrous, morally bankrupt people, who defer their responsibilities to civil institutions in social contracts, will only ever incur a fiscally bankrupt society. This is a cautionary tale that has been repeated by every major culture since the introduction of sin. From Babylon, to Rome, to Venezuela, and eventually, to the United States. The bill always comes due. There is always weeping. There is always gnashing of teeth.
To consider the titular reference to Matthew 6, ‘Mammon’ does not just mean ‘money‘, which is especially relevant because the Federal Reserve does not print and loan ‘money’, but currency instead. The term Mammon is an Aramaic one that means ‘entrusted wealth‘. In ancient societies, it was common for the people to come together and give up their gold or silver to be smelted and formed into statues or idols that displayed the community’s collective wealth. In this way, the Golden Calf of the recently freed Israelites was not just a matter of superstitious paganism, but of pragmatic mimicry of the practices they had witnessed in Egypt. This pooling of resources was meant to be a form of collateral on display. It not only was a protection of national wealth, in the form of a large, solid vault, but it also represented a guarantee of loyalty. When society faced invasion or some other malady, the individual could not easily flee the danger with their personal wealth, they must be liable for the social contracts they have made and stay to protect the community vault. The people became human resources of human rulers and merchandise for the benefit of society. They were not voluntarily bound together in goodwill and personal love of their neighbors, which would only strengthen society and keep their neighbors free, but were bound together by social contracts and civil obligations which necessarily hardens their hearts to each other to seek to take covetous advantage of their neighbor through the bureaucracies of their own making. Eventually, they form city-states and wall themselves in with a covenantal prison as if they were protected. ‘Protection draws to it subjection; subjection protection.’ (Coke, Littl. 65.)
So, the term ‘Unrighteous mammon‘ does not merely refer to a common storehouse of wealth, but also to the idolatrous institutions that are necessarily made when the people entrust their real wealth (like gold, silver, labor, equity, real estate, and children) into the bureaucracies created by national treasuries, societal depositories, and reserve funds maintained by men of government. Those institutions arise out of the collectivist need to maintain and protect those treasuries, but invariably eventually come to regulate society by exercising authority over the people, and playing the Benefactors of a national economy. In exchange for lawful money, these arbiters of human civil government print or borrow legal tender in the form of fiat currency as a medium of exchange which becomes the basis of their worthless, imaginary economies. In ancient societies, this currency was issued in the forms of tokens and various coinage. When people buy in to these economies for the empty promise of bogus ‘riches’, they are expressing the faith they have in societies that are doomed to fail by inflation and ever-increasing-taxation. They are revealing their pragmatism in sacrificing their principles (holiness) and principal (time and liberty) for an ultimately suicidal interest rate. This is the nature of idolatry; not an arbitrary emotional tie to something that may or may not take precedence in your life, and not a set of dogma regarding some ‘religious‘ icons, but the creation of nationalistic symbols that represent man-made-and-imagined systems of human authority. To ‘bow down to’ and ‘worship‘ these ‘idols‘ was to become subject to the bureaucracies they represented.
‘If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible — but there it is.’ (Robert Hemphill. Credit Manager, Federal Reserve Bank of Atlanta)
Economies based on legal tender represent a perpetual cycle of debt for anyone guilty of relying on legal tender. It is partly for this reason why those individuals do not have actual ownership to their property, their land, their labor, or their children, and must pay rent through taxation due to their contracts of legal titles and legal guardianship while being legally obligated to subject themselves to the authoritative whims of the actual owner who has the beneficial use of those things:
‘The ultimate ownership of all property is in the State; individual so-called ‘ownership’ is only by virtue of Government, i.e., law, amounting to mere user; and use must be in accordance with law and subordinate to the necessities of the State.’ (Senate Document No. 43; Senate Resolution No. 62 (Pg 9, Para 2) April 17, 1933.)
Debt is bondage. ‘The rich ruleth over the poor, and the borrower is servant to the lender.’ (Proverbs 22:7) The debt accrued by human civil government through borrowing from their federal reserves is invariably passed onto their civil slaves through the issuing of debt notes. But debt notes are only a legal offer in place of payment of debt. They cannot lawfully pay the debt they represent. Only gold and silver are lawful money to be used as a ‘payment of debt‘. (Black’s Law Dictionary 3rd p 1079). However, debt notes (legal tender) may be used to legally discharge debt even though it does not pay the debt at law.
There is a distinction between a debt discharged and one paid. When discharged the debt still exists, though divested of its character as a legal obligation during the operation of the discharge. Something of the original vitality of the debt continues to exist…which may be transferred, even though the transferee takes it subject to its disability incident to the discharge. The fact that it carries something which may be a consideration for a new promise to pay, so as to make an otherwise worthless promise a legal obligation, makes it the subject of transfer by assignment.’ (Stanek v. White. 172 Minn. 390, 215 N. W. 784.)
By accepting Caesar’s debt notes, one accepts Caesar’s debt, making ‘for a new promise to pay’ it. That promise tends to be exacted through a requirement to work off that debt by working without pay. This is the nature of the income tax, which does not get used to provide government services, but only to pay off the interest of the debt note. As if it could ever be enough to pay the principal.
These facts are evident that the United States does not have a capitalism problem because fiat currency cannot be said to resemble capital. It has no equitable value for the same reason Chuck E. Cheese tickets have no viable wealth in a Chuck E. Cheese economy. The most obvious implication of this fact is: One cannot buy lawful title with legal tender. Most, if not all, of what is considered property: from land to housing to vehicles, are all possessed through legal titles where the US-backed socialist bureaucracy retains the equitable rights as the true owner. It also retains the rights to play arbiter over your occupation and recreation through Federal Identification with social security registration, income taxation and licensing, including giving permission for corporations to even exist and operate legally. It even retains the equitable rights to your children through birth registration and social security, granting you the privilege of having stewardship through legal guardianship while being its true father, provider, and source of discipline.
By voluntarily rendering (entrusting) unto Caesar that which is God’s, the people have found themselves in a socialist problem forfeiting all capital and equity in exchange for debt notes and legal titles. This is the nature of the social contract which binds men together by force in a mutual economy of ever-depreciating value.
‘Lay not up (entrust) for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
But lay up (entrust) for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
For where your treasure is, there will your heart be also.’ (Matthew 6:19-21)
The Kingdom of Heaven on earth features no fiat currency that can be inflated. It forbids unjust weights and measures. It requires real equity, allodium, and commodity money belonging to the people, and not some centralized, institutional government. Lending is rare, interest forbidden. Its currency is love, expressed through charity, entrusted to benefactors who do not exercise authority–the servant-ministers who network the congregations of families. When that charity comes up short in enriching a free society, it is subsidized by the charity of Heaven, miraculously multiplying its citizens’ humble offerings, whether or not those offerings are just loaves of bread and some fish. This relationship is fundamentally different than the ways of the world which promise benefits but only deliver poverty. This is the road to life, and life more abundantly. Life everlasting. This is the road enjoyed by the early abolitionists whose kingdom of God on earth only grew more wealthy and prosperous as the kingdom of Rome collapsed into moral, social and financial ruin.
Federal reserves ruin nations. Or they allow nations to physically ruin themselves after abandoning the law of God as a recompense. One of the most famous acts recorded of the life of King Christ was to turn the national bank of Judea from the political world over to a repenting people who were learning to provide for each other a more fruitful society through charity, instead of by taxation.
And the Jews’ passover was at hand, and Jesus went up to Jerusalem. And found in the temple those that sold oxen and sheep and doves, and the changers of money sitting: And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and the oxen; and poured out the changers’ money, and overthrew the tables; And said unto them that sold doves, Take these things hence; make not my Father’s house an house of merchandise. (John 2:13-16)
These moneychangers did not operate a ‘nickel and dime’ business of commodity transactions as peddlers of small commerce. They were government employees of the centralized bank of Judea. The word used for ‘table’, belonging to the moneychangers which Jesus overthrew. is the same word for ‘bank’ in Luke 19:23. In the Greek today, that word trapezia still means bank. ‘Bank’ is from the Italian word ‘banca’ meaning bench or table. These moneychangers were more like the Wall Street players of their era. They oversaw large financial transactions, currency exchange, and engaged in underwriting the social security and public welfare schemes established by Herod. These clerks were chief priests who administered deposits of taxation (including imperial taxes for Caesar) and took the liberty to inflate exchange rates on foreign coins in order to defraud pilgrims who engaged in the temple services. This was a lucrative profession by any means, and it enabled a commission for these officers characterized by a large share in the transactions.
Bankers who sat in the Court of the Gentiles (or in its porch) and for a fixed discount changed all foreign coins into those of the sanctuary (shekel). This tribute was in every case to be paid in the exact Hebrew half-shekel. The moneychangers assessed a fixed charge for their services. This charge must have brought in a large revenue, since not only many native Palestinians might come without the statutory coin, but a vast number of foreign Jews presented themselves on such occasions in the Temple. In addition to the tribute, those who came to worship at the Temple needed money for other purposes. Most sacrifices for the feasts were bought within the Temple area. It was easier to get the right money from the authorized changers than to have disputes with the dealers. Thus the immense offerings of foreign Jews and proselytes to the Temple passed through the hands of the moneychangers. Indeed, they probably transacted all business matters connected with the sanctuary. (New Unger’s Bible Dictionary)
When Jesus Christ, the King of Judea, walks into the national bank and royal treasury, and lays his ceremonial string whip over the shoulders of these greedy, corrupt, government employees, he is publically firing them from their lucrative office and turning their positions over to the people so that they may elect servant ministers of good reputation, who will administer and redistribute their freewill offerings of charity, without exercising civil authority over them. The entire scene represents Jesus restoring the national economy into an anarchist society by returning the power of choice to the people who were once free to make it. He took a nation bound together in contracts, entitlements, and taxation, and replaced it with the liberty established on fatih, hope, and charity.
Many people believe that it is time to ‘End the Fed‘, but Jesus Christ, first born of all creation, accomplished that feat in the first century. As a consequence, he was martyred by greedy statists because he chose not to compromise the integrity of his kingdom by subjecting it to the Pax Romana, nor did he allow its financial institutions to plunder the people through inflation or taxation. In order to enjoy the reality provided by his sacrifice, you must first repent and seek the alternative Kingdom of Heaven, begin to use real money in voluntary networks of charity and strong communities, and to Render unto Caesar that which is Caesar’s: his vindictive, worthless, debt notes, thereby making him the collateral for his own sins, while you pray to Jesus Christ to be the remission of yours.
The way of Christ is the only way to salvation. The American way leads to death, destruction, and damnation. Believe on the Lord Jesus Christ and the campaign promises of His Gospel, so you may be baptized into his kingdom and out of the kingdoms of this world, and be saved from their inevitable collapse and ruin. Today is the day of salvation.