During the years when I’ve paid attention to sermons, I’ve listened to over 2,100 messages. I’ve heard a lot of talks related to marriage, sex, money, leadership, prophecy, sin, the Good News, Christmas, Easter, heaven, hell, etc. Many of the sermons were verse-by-verse teaching from books of the Bible. I remember one message on sugar. The pastor had a bowl of sugar and scooped out teaspoons of sugar related to different snack foods and drinks. He used this to talk about the stewardship of our bodies. I remember the bowl of sugar.
My favorite lessons came from the book of Proverbs. As a young man, I was impressed King Solomon asked for wisdom when God offered him a blank check.
If you attend church or have in the past, how many sermons have you heard on central banks? How many pastors, priests or ministers have taught you [the biblical passages] presented in Part 1, [Is The Bible Right About Central Banks?] Among the church attendees reading this article, how often have central bankers been implicated in rejecting biblical monetary principles?
In my experience, I’ve heard one message on this. It was by Pastor John MacArthur of Grace Community Church, Sun Valley, California. His comments, similar to what I wrote last week in Part 1, were simply a few paragraphs of content. His teaching was direct, powerful, and condemning. I’m pretty sure that’s the only message I’ve heard on this subject.
I’m not saying there are not more spiritual leaders who have preached on this topic. It’s just in my experience, 0.0005% of the sermons I have heard have mentioned money printing, central banks, and the biblical principle of honest weights and measures. Is your experience different? I want to explore what may be reasons why some ministers are silent on this topic.
- Ministers may not understand economics. This may be true. But once a person accepts how trade and commerce were accomplished in 1400 B.C., the rest is downhill. I’m now curious how a minister treats these passages without understanding this connection to monetary decisions.
- Ministers may be too busy reading and studying other topics to fully understand today’s central banking system. In other words, they may understand the biblical monetary principles, but do not know enough about central banks to make the appropriate application. This makes sense. Nine years ago, I would not have known what I know today.
- Ministers may confuse this with politics and have a practice of avoiding political topics. In my corner of Christianity, this is a common view. I don’t disagree with avoiding political topics. The priority is communicating the Gospel and helping people have open ears and hearts to the message of Jesus Christ. Yet, my point is: what does the Bible teach? Does God have something to say on this topic, or not?
- Ministers may spend more time teaching New Testament themes than principles found in the Old Testament. This may be true. There is only so much time available to teach what is most important; which leads to…
- Ministers have too many other topics to deal with; “this isn’t that important.” My guess is when the dollar loses significant purchasing power, when the pain is fully experienced, we’ll hear more sermons referencing this topic. After the fact, ministers will be able to explain how God had a better way. This will be one more example of our nation thinking we are smarter than God. (Note: Venezuela is a 2017 example. The culture is being destroyed as their money has been ruined. Whether the Church in Venezuela is public or underground, the focus today is dealing with suffering and the hope of eternal life found through Jesus Christ. For Venezuela, it’s too late to teach these OT principles. The people’s felt needs are escalating. Their basic physical needs are not being met. There is a desperate need for other topics. But the catch-22 is: future monetary decisions will eventually need to be made and God’s Word will not likely be considered as a blueprint.)
- Ministers may trust others to know this area. I was in the financial service industry 20 years before I began to question the system. Today, very few of my peers have asked questions about the Federal Reserve. The first time I heard someone criticize Alan Greenspan; I was shocked and felt uncomfortable. That led me to read the book, [Greenspan’s Bubbles]. That opened my mind further.
In the spring of 2009, I read an article where a stockbroker said, “No one saw this coming,” referring to the 2008-2009 crash. I knew he was wrong. He simply repeated what his industry wanted him to say. It drove me to study more.
In 2010, I took my first Mises Academy class, The Great Hyperinflations Of World History. That completely turned my world upside down. I realized the extensive study I had done in my industry, for 20 years, had never taught me about the origins of money and how fiat money fails. My industry simply wanted me to sell money, not understand it.
I don’t remember how, but I came across Gary North’s book, [Honest Money]. The book was written in 1986. Dr. North, an economist, and theologian wrote, “The Bible lays down the rule of honest weights and measures. To tamper with the scales is a moral evil. It is theft through fraud. Someone trusts the seller, and the seller misuses this trust. It is easier to cheat a trusting person because the latter isn’t watching every move of the seller. Thus, tampering with the scales is a major sin” (page 37). His discussion of these Bible passages got my wheels spinning.
Today, for those I come across who want to open their mind and learn more about monetary policy, real money, and money printing, I first recommend these two books: [Guide to Investing In Gold & Silver, by Michael Maloney] and [End The Fed, by Ron Paul.]
Most financial advisors choose not to ask questions. Most are not known to be critical thinkers in areas which rock their boat. This is the common mental state. Whether its bankers, financial planners, teachers, journalists, teenagers, millennial snowflakes, scientists, engineers, Democrats, Republicans, economists, or ministers most people don’t know what they don’t know. In psychology, this is called “unconscious incompetence.” Recognition of this is the first step in learning. Most people become comfortable with what they know. They don’t want to be uncomfortable. So they tend to ignore information in conflict with what they believe to be true. Life is easier that way.
Key question: If what you knew to be true was wrong, when would you want to know it?
Ministers can’t know everything or even study every subject. But I come back to the question addressed in Part 1: Is the Bible right about central banking? Does God have something to say that relates to today’s monetary decisions? “If so, a minister should know that.”
If ministers were pounding the pulpit on the evils of money printing, I’m not sure it would make a difference. Over the past several decades, the U.S. Church seems to have had little impact on drug abuse, the divorce rate, the use of pornography, same-sex marriage, and gender identity, for example. The Church is not weak. Scripture is powerful. Western civilization would not be what it is without the radical influence of the Church. Even though the New Testament writers did not address the political and government issues of their day, the Church of Jesus Christ turned the culture upside down. (If you doubt that, here is a review of history: [John Ortberg “Who Is This Man”].)
Today’s Church is helping new people meet Jesus Christ, personally, in a way that makes an eternal difference. But in America, the Church has not been able to stop the cultural decline. Some people now call America a “post-Christian” nation. It didn’t begin that way [click here]. It has taken more than two-hundred years to get to this point.
When the dollar’s purchasing power is on its deathbed, will our nation’s political and financial decision-makers know God has something to say about this? If not, why not?
So what do we do? What is the Church to do?
First, we need to define “Church.” I worded this article as if a church is a minister. It isn’t. A church is a group of Christ-followers. [A minister simply equips the group to do God’s work.] We call it “the Church” when we refer to the global community of Christ-followers. Central banks around the globe (U.S., Canada, European Union, Switzerland, China and Japan, for example) are all destroying their currencies by printing money. (This is what it looks like: [Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017.]) I’m thinking, the average Christ-follower doesn’t know God has something to say about this.
I believe the stability of a culture rests on a three-legged stool: Faith, Family and Money. The Church understands and regularly addresses the first two legs. There is a need for the Church to understand how an honest means of exchange (money) is equally important. It’s the third leg supporting the culture. God presents this importance through the directives He gave Moses and others.
Christ-followers often hear teaching on stewardship, debt, and personal financial issues. This is not the “Money” leg. Throughout history, cultures haven’t collapsed because citizens were poor stewards of their money or were too deep in debt. Those topics are important, but they do not hold up a culture.
Beginning with Ancient Greece, governments have destroyed their money in an attempt to support their overspending. During the ancient Greek and Roman periods, their form of money printing was “coin debasement.” Governments spend more than they should, and then cheat with their money standard. A commitment to honest money would keep the “Money” leg strong.
Today’s monetary system isn’t a new idea for God. He first communicated on this in about 1445 B.C. He presented principles which could benefit future generations and other nations. We now seem to be living in a time period, where few know that; even in the Church.
So this article isn’t just about what ministers may or may not know. It is about what every Christ-follower needs to know. If we are followers of Jesus and recognize the Bible as God’s Word, we are called to know it. The Old Testament passages on [honest weights and measures] were not rules to make life difficult. They reflect an all-knowing God who knew men and women and nations would have a tendency to cheat in trade and commerce, debase coins, and, ultimately, ruin their means of exchange. The end result would be a culture destroyed. Those of us who understand this, have a responsibility to point people toward God’s principles which are offered to make life work better. This happens not just through a Sunday morning sermon, but in private discussions, in conversations with co-workers, in our interactions with financial professionals, and in teaching moments with children and grandchildren. The world needs to know, God has a better plan for our money.
“Dollar” Bill is a real guy, with real knowledge on our nation’s financial calamity, and real solutions for what must be done to dig ourselves out of the hole we are in. Due to his career, Bill must remain “disguised” to protect his position. “Bill” loves America, sees the impending cliff we are all headed towards, and hopes that by sharing his inside knowledge of the failed monetary policy in our nation, that a fiscal “nuclear” event can be minimized.