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The Money Has Failed (Part Four)

Commentary by Martin G. Collins

The world's money is failing due to the gross theft of the common person's wealth through exploitation and greed by governments, banks, and corporations, sending the world into an economic tailspin. Inflation, a direct result and ongoing cause of this failure, is accelerating to its fastest pace in years, despite government claims of minimal cost-of-living increases. Everyday Americans remain skeptical of official inflation figures, as necessities like healthcare, education, and food rise sharply in price, while discretionary items like electronics decrease, leaving consumers feeling the burden of increases without benefiting from decreases. Food prices, in particular, have risen aggressively, with wholesale food prices up 8.1% year-over-year and consumer prices increasing by 6.2%, making grocery shopping a shocking experience compared to decades ago when costs were far lower. Specific food items have seen astronomical price increases over the past decade, such as uncooked ground beef at 46.3%, shelf-stable fish and seafood at 45.0%, and rice, pasta, and cornmeal at 40.3%, with further acceleration expected in the coming months and years. Consumers are tapped out, with rising bankruptcies and tightening lending standards, while older Americans are squeezed by high price increases in essentials like healthcare, with Social Security benefits failing to keep pace with inflation. Median income and government cost-of-living adjustments are not rising to match these price increases, leaving most Americans economically worse off. Additional factors signaling the failure of money include a rigged and over-bloated stock market, the U.S. dollar's lack of real value as a Federal Reserve note of debt, currency wars destabilizing international trade, negative interest rates in Europe potentially spreading to the U.S., and national debts surpassing gross national incomes worldwide. The push toward a cashless society by globalists aims to cover up their massive theft of humanity's wealth, establishing total control over buying and selling. Systemic economic problems persist beyond any political intervention, with decades of greedy and foolish financial decisions leading to an inevitable major downturn. The immense debt bubble, fueled by the biggest debt binge in human history, will burst, exacting a great price, and the artificial money flow from bailouts will not reach the common person, stopping instead with corporate and national banks and the government.

The Money Has Failed (Part Three)

Commentary by Martin G. Collins

The war on cash is intensifying globally, driven by technological advances and generational shifts, signaling that cash's days may be numbered. This movement, fueled by globalists, aims to outlaw cash and push people toward electronic currencies, stripping away the freedom and anonymity cash provides. Governments and banks, like JP Morgan Chase, are taking concrete actions by restricting cash use in various transactions and safe deposit boxes, reflecting a broader agenda of control over wealth. This shift disproportionately affects the poor and unbanked, with 8% of the U.S. population lacking bank accounts and 20% underbanked, often relying on cash due to limited access to credit or debit cards. Meanwhile, electronic payment methods, such as Apple Pay and phone apps, are becoming normalized, even for small purchases, accelerating the trend toward a cashless society. However, this convenience comes with risks, including privacy loss and dependency on technology, where a dead phone battery can render one unable to pay. Governments are poised to exploit electronic currencies for absolute control, tracking all transactions, freezing or confiscating funds at will, and imposing confiscatory taxes or negative interest rates without consent. Such measures enable wealth confiscation, punishment of dissenters, and unchecked financial manipulation, potentially leading to a system where no one can buy or sell without approval from those in power. The steady march toward a cashless society, evident since the advent of credit cards in the 1950s, now intensified by smartphones, underscores a future of total government oversight over personal finances.

The Money Has Failed! (Part One)

Commentary by Martin G. Collins

In a world without exchange or trade, as illustrated by Robinson Crusoe's solitary existence, there is no need for money because there is no division of labor. Crusoe must prioritize his needs—fresh water, food, shelter, or clothing—deciding what to pursue first in a realm of limited resources. Similarly, during the famine in ancient Egypt, money failed as its value plummeted compared to life-sustaining grain. People, desperate for food, exhausted their money and were forced to trade everything of value, even their freedom, for grain, which became the true currency as everyone sought it above all else. In modern contexts, money as cash remains the most marketable commodity, easily used to purchase anything. However, proposals like those from economist Kenneth Rogoff suggest phasing out large paper bills, potentially restricting monetary freedom and pushing transactions into digital banking systems for easier control and surveillance by authorities. The recent move in India to invalidate popular bank notes, aiming for a cashless society, caused chaos, scarcity of cash, and panic, demonstrating how quickly money can lose its marketability when deemed illegal tender. This shift to digital currency limits personal freedom, dictating where and how money can be spent or donated, as governments gain power to mandate specific digital units for transactions like tax payments. Failed money is unmarketable money; if no one wants or can use it, it ceases to be money. Cash offers freedom of movement and choice, while digital money can enslave by restricting actions and decisions. As governments worldwide push toward cashless systems, they increasingly control what individuals can buy and sell, shaping economic behavior through digital oversight.

Money, Control and Sacrifice (2015)

Sermonette by John W. Ritenbaugh

In the important things in life, money is powerless. Wealth cannot buy forgiveness, eternal life, or God's Spirit. Riches do not profit in the day of wrath.

Money, Control, and Sacrifice

Sermonette by John W. Ritenbaugh

Wealth will certainly damage our character if we permit it to control us. Riches cannot buy forgiveness, the Holy Spirit, or eternal life.

The Money Has Failed! (Part Two)

Commentary by Martin G. Collins

Governments and central banks worldwide are plunging into massive debt, conspiring to control and confiscate people's prosperity through schemes like pushing for a cashless society. This global effort spans rich and poor nations, with a powerful alliance of governments, banks, corporations, and NGOs aiming to eliminate cash for their own gain. In Venezuela, the government declared the 100 bolivar note illegal, despite its minimal value after hyperinflation, forcing citizens to exchange old notes for new ones with strict limits on what constitutes a rational amount, effectively stealing excess cash and sparking riots. Similar actions have occurred in Cyprus, Greece, India, and now Venezuela, showing a pattern of wealth confiscation. Australia, a large and wealthy economy, is at the forefront of this war on cash, considering abolishing the $100 note while Citicorp's Australian arm has stopped handling cash due to low demand. The government's push, masked by claims of curbing black money and terrorism, aims to force savers into digital systems where savings can be eroded by negative interest rates, confiscations, and account freezes. This trend is evident in the Middle East and Europe as well, with Israel exploring a cashless economy to combat money laundering and tax evasion, leveraging citizens' preference for electronic payments. Turkey, facing a collapsing lira, is limiting cash withdrawals and moving toward a cashless system as citizens hoard dollars. Greece has introduced a tax on cash withdrawals from banks and ATMs, while leaving digital transactions untaxed, potentially depleting cash reserves through repeated taxation. France and Spain have enacted laws limiting cash transactions to 1,000 euros, with France's finance minister citing the need to curb anonymity and dangerous purchases following tragic events, further tightening capital controls. Spain's new limit, effective January 1, 2017, aligns with earlier sentiments from economists who view cash as a source of crime, advocating for a digitalized economy.

Money Is Power

Feast of Tabernacles Sermon by Richard T. Ritenbaugh

During the Feast, we are blessed with approximately ten percent of our annual income to spend over these eight days, a significant amount of money that can seem substantial yet quickly diminish with expenses. God watches how we manage this money, as it reveals much about our character. How we spend at the Feast can indicate to God how we might handle the power He will grant us in the millennium. Money has always been synonymous with power; with it, doors open, contacts are made, positions and prestige become accessible, and influence grows. In the parable of the minas, servants were given money to trade with, and their success or failure in handling it translated into positions of authority or loss. Those who multiplied their money received power over cities, while the one who did nothing lost even what he had. This principle extends to our lives; if we cannot manage money responsibly, how can we be trusted with greater responsibilities in God's kingdom? Jesus frequently addressed money in His teachings, highlighting its importance in our lives. As Christians, we must be the most conscientious in using money wisely, for it reflects how we will handle power. If we are unfaithful with something as transient as money, who will entrust us with true riches? God will not grant us divine power if we cannot manage the small blessings we have now. At the Feast, with this temporary wealth, we must guard against pride and not trust in uncertain riches but in the Living God who provides all things. Money cannot replace God; it comes from Him, and we must maintain spiritual priorities. We have the means to enjoy, but also to do good, to make a difference by helping those in need among us. Paul advises those with abundance to be rich in good works, using money to relieve burdens and bring joy to others, storing up a foundation for the future. Practical ways to use our discretionary money include seeking out the elderly, unemployed, or those on tight budgets at the Feast, and offering them meals, rides, small gifts, or financial help to ease their journey home. We should be creative and aware of others' needs, ensuring the Feast is joyous for all. Those receiving help should accept it graciously, maintaining good relationships within our brotherhood. By supplying what others lack with our abundance, we follow Christ's example, using power for good and ensuring all are satisfied at the Feast.

How Big Is Amazon.com?

Commentary by Richard T. Ritenbaugh

The rich are getting richer and the poor are getting poorer. The number of billionaires in the world has risen 18% this last year.

Tangible Money is on Life Support!

Commentary by Martin G. Collins

Money created virtually, encouraging the something-for-nothing mentality, as well as gambling, following the way of selfishness, violates God's way.

Money: A Gauge of Character

Sermonette by Richard T. Ritenbaugh

If God cannot trust a person to properly handle a small amount of money, He will not give him responsibility over more crucial matters.

The Love of Money

Sermonette by Richard T. Ritenbaugh

The context for the oft-misquoted 'money is the root of all evil' is a warning against ministers who wish to enrich themselves using the pretext of God's Word.

Money's Power to Distort

Sermonette by John W. Ritenbaugh

When God challenges us to not come before Him empty handed, He is testing our character, seeing whether we worship ourselves and our security more than God.

How Much Money Does God Need?

CGG Weekly by David C. Grabbe

The Bible and history are replete with stories of presumptuous hustlers, claiming to represent God and to know His will as a means to gain fortune.

The Fear Has Shifted

Commentary by John W. Ritenbaugh (1932-2023)

A family, a company, or nation cannot keep spending beyond its means without consequences. It is illogical that we need to spend money to get out of debt.

Economics in Prophecy

'Prophecy Watch' by Richard T. Ritenbaugh

Many doubters think that the Bible is not sophisticated enough to comment on modern ideas, but God's Word factors economics into the end-time prophecies.

Does God Want You to be Rich?

'Ready Answer' by Staff

Laodiceans think of themselves as rich, while God sees them as poor. But Smyrnans see themselves as poor, yet God says they are rich! What are true riches?

Personal Finance

Commentary by Mike Ford

Although some installment buying (such as a mortgage) may be inevitable, most installment buying is counter-productive, putting us further into debt.

No Need to Borrow

CGG Weekly by Ronny H. Graham

God never intended Israel to have to borrow from anyone. How did a nation of modern-day Israel go from the greatest lender to the greatest debtor?

Another Look at the Prosperity Gospel

CGG Weekly by Mike Fuhrer

Prosperity gospel preachers twist verses out of context to convince people that God will give them anything. They fail to mention that God does not give His benefits to just anyone.

Lacking Nothing (Part One)

Sermon by Martin G. Collins

Scarcity seems to redefine the value of everything, including tools, food, or sentimental objects. Utility trumps every other consideration.

Prosperity's Consequences

Sermon by Martin G. Collins

Prosperity is not always an emblem of God's approval. God will not prosper us if it would cause spiritual damage, insulating us from seeking His kingdom.

Ditching Tithing? Consider Carefully

CGG Weekly by Richard T. Ritenbaugh

In tough financial times, some Christians reduce or cut out altogether God's tithe. They justify it with an excuse like, 'God wouldn't want me to starve!'

Things We Won't Get Rid Of

Commentary by John W. Ritenbaugh (1932-2023)

The United States is of major concern to the world's nations because they witness America's profligate spending and realize that their economic futures are precariously linked to the American economic system. Americans cannot discipline themselves to go without, clinging to portable computers, high-speed internet, smart phones, movies, television, music downloads, pets, booze, coffee, and education. These indeed have become America's idols.

Ending Your Financial Worries

Herbert W. Armstrong Booklet

Even with all the political problems hanging over us, Americans are most concerned about their personal finances. Here is how your financial problems can be solved!

On Earning Wealth

Sermonette by John W. Ritenbaugh (1932-2023)

The three principles for acquiring prosperity (diligently working, wisely managing what one has earned, and meticulously saving) all militate against laziness.

Ecclesiastes and Christian Living (Part Nine): Wisdom as a Defense

'Personal' from John W. Ritenbaugh

The type of wisdom Ecclesiastes teaches is not of the purely philosophical variety, but is a spiritual sagacity combined with practical skill in living.

Preparing For Our Spiritual Inheritance

Sermonette by Ryan McClure

Both the Vanderbilts and Rockefellers started with similar fortunes, but the direction of the two founders and their immediate family led to different outcomes.

The Seven Laws of Success

Herbert W. Armstrong Booklet

WHY are only the very few—women as well as men—successful in life? Just what is success? Here is the surprising answer to life's most difficult problem.

Preparing for Bad Times (Part 1)

Sermon by John W. Ritenbaugh

Both the watchman and the one who hears have a responsibility to make preparations for bad times, helping themselves and others through the tough times.

A Time for Thanksgiving (2008)

Commentary by John W. Ritenbaugh (1932-2023)

Modern Israel seems to have great difficulty managing money because of an addiction to greed. Wealth, without a powerful character, is a destructive drug.

Ecclesiastes Resumed (Part Thirteen)

Sermon by John W. Ritenbaugh (1932-2023)

Solomon teaches us that money may provide some security, but it cannot be relied upon for satisfaction; only a relationship with God will fill that vacuum.

The Christian and the World (Part Seven)

Sermon by John W. Ritenbaugh

The best way to attain true wealth and the abundant eternal life is to loosen our grip on worldly rewards and treasures, and single-mindedly follow Christ.