commentary: The Money Has Failed (Part Four)
Martin G. Collins
Given 25-Feb-17; Sermon #1365c; 10 minutes
Martin Collins, continuing the "Money has Failed" series, contends that the move to a cashless society, in which the "bankster" elites have greedily commenced stealing the true physical wealth of society, replacing it with relatively worthless Federal Reserve Notes ('promissory' I.O.U.'s), will drastically drive up inflation, causing bankruptcies and foreclosures on a massive scale.The price of food has risen 8% annually, making it impossible to fill up a grocery cart for under $100 today. For example, the price of ground beef has risen 45%, a loaf of bread 39%, apples 36%, salt 34%, and vegetables 33.7%. Today, the inflated Federal Reserve Note is worth about 3 cents on the dollar since the establishment of the Federal Reserve System. Because of the disastrous process of quantitative easing (the continuous frenetic printing of valueless paper notes), the resultant damage appears beyond repair. National debt, hyperinflation, and negative interest rates for savings have burgeoned worldwide. God's people need to prepare for this impending disaster by getting out of debt as quickly as possible, and put effort into obeying God, valuing spiritual satisfaction above physical satisfaction.
The Berean: Daily Verse and Comment
Sign up for the Berean: Daily Verse and Comment, and have Biblical truth delivered to your inbox. This daily newsletter provides a starting point for personal study, and gives valuable insight into the verses that make up the Word of God. See what over 145,000 subscribers are already receiving each day.
We respect your privacy. Your email address will not be sold, distributed, rented, or in any way given out to a third party. We have nothing to sell. You may easily unsubscribe at any time.