As I was glancing through the various articles I read through each week, I noticed an article which got my attention more than the others. ‘BRICS stockpiling gold in massive numbers’ was the headline.
While United States’ politicians think nothing of increasing their debt (as THEY are the ones borrowing $10 billion a day to feed the hungry masses within our borders), Brazil, Russia, India, China and South Africa are purchasing gold in record amounts.
Gold has been a desired commodity for 4000 years while growing your wealth by borrowing more has been the idea of governments and Keynesian economics for about as long.
Matthew 18 speaks of an unmerciful servant, who was forgiven a great debt yet refused to forgive a fairly small debt. How was this resolved? In verse 30, the unmerciful servant threw his fellow servant into prison until he could pay the debt. A few verses later, the unmerciful servant was handed over to jailers until he could pay back his debt.
In both cases, whether the debt was small or large, the debtor was enslaved in prison until he could pay the debt.
How does this apply to the United States and the world today? Both are in a world (actually, a world of hurt is too small as we’ve borrowed every asset in the world 3-4 times over) of hurt as total debt is around $350 trillion while the world’s assets total about $100 trillion. We do not owe this debt to ourselves. Only the Federal Reserve would be silly enough to lend money to an organization which sells obligation (to be paid with interest) back to the Federal Reserve. How does lending a created liability to be repaid with a liability plus interest to the lender create an economy?
That’s similar to buying liabilities and paying interest on these items that are decreasing in value over time, thus creating the aura of wealth (in the short term).
There’s only one end game in such a situation. Enslaving the borrowers until the debt is paid in full.
It is amazin’ how many well-meaning people, government officials, government workers, and private citizens believe such a cycle must continue, otherwise we are reducing the quantity or quality of services needed to sustain the nation. This demonstrates how ill-educated many are.
It also demonstrates how diabolical and evil individuals our masters are.
There is a way around this, but it isn’t pleasant. It requires care and love for others as all of us will be on an austerity program.
Can you imagine the country going through the 7 steps Financial Peace University takes you through? Personally, I envision many would continue to fiddle away while watching the Titanic cruise along without a care about any icebergs (even though I believe the iceberg has already been hit, back in 1971 when the USA could no longer pay its debts with real money).
There’s another aspect to obtaining financial peace. You can read its strategies I outlined for you in my book, Prospering in a Socialist Society. Not only do I demonstrate multiple reasons why you should be resisting the nation’s current course, I provide multiple case studies of individuals who did thrive, even while living in tyranny.
