Mar 26, 2009

Our Immoral Money System

By Joseph Farah

America's money system is on the verge of collapse, and, as much as I hate to say it, it deserves to fail.

Even though I, too, will be hurt by a collapse of the dollar, which seems all but inevitable sometime in the next few years, the fiat money system we use in our country is neither sustainable nor moral.

I say this not based on my ideas of what is just, but on God's ideas.

Most people tend to overlook what the Bible says about money. It has much to say. In fact, Jesus had more to say about money and possessions than any other topic – including faith, hope, heaven and hell combined. There are more than 2,350 verses in the Bible referencing money and possessions.

Jerry Robinson, author of a great new book, "Bankruptcy of Our Nation," makes the point that the Bible condemns the kind of money system we use in the U.S. – one in which the value of money is constantly changing and subject to manipulation.

Where is that condemnation?

It is found in the following verses:
  • "A false balance is abomination to the LORD: but a just weight is his delight." (Proverbs 11:1)
  • "Divers weights, and divers measures, both of them are alike abomination to the LORD." (Proverbs 20:10)
  • "Ye shall do no unrighteousness in judgment, in meteyard, in weight, or in measure. Just balances, just weights, a just ephah, and a just hin, shall ye have: I am the LORD your God, which brought you out of the land of Egypt." (Leviticus 19:35-36)
  • "Are there yet the treasures of wickedness in the house of the wicked, and the scant measure that is abominable? Shall I count them pure with the wicked balances, and with the bag of deceitful weights? For the rich men thereof are full of violence, and the inhabitants thereof have spoken lies, and their tongue is deceitful in their mouth." (Micah 6:10-12)
We don't use weights and measures when we buy and sell today, yet the principle behind these biblical pronouncements remains the same.

When the Federal Reserve can produce $1.2 trillion dollars out of thin air, as it did last week, and add it to the money system, that action changes "the weights and measures" we use to buy and sell. More money in the system by definition devalues the currency that was already in the system.

It's just like the Fed put its big thumb on the scale whenever Americans go to use their wealth.

That is an example of an "unjust weight and balance" in Robinson's book. And I agree with him.

"Fiat currency systems, where the currency is backed by nothing and its value can be manipulated at will, is by definition an unjust weight," he writes. "And so therefore, by biblical definition, fiat currency systems are clearly unjust systems."

Robinson goes so far as to say that Americans coins and currency does not warrant being labeled with the statement, "In God We Trust," because if we truly trusted in God, we wouldn't be using a fiat currency that is unjust and immoral and contrary to God's Word.

It's kind of like what the Bible tells us in the Book of Haggai 1:6: "Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink; ye clothe you, but there is none warm; and he that earneth wages earneth wages to put it into a bag with holes."

That's what all of us trading in U.S. dollars are doing today – earning wages that go into a bag with holes.


Our immoral money system - WorldNetDaily