God and Money

The topics are rarely conjoined, but they should be.

First, thoughts on God.  If anyone thinks they are a “first cause” (i.e. there really is free will and they “really” decide what to do and “really” are individuals divorced from their surroundings and environment and background) then you looking at an idiot.

Given science only deals in cause and effect and cannot explain First Cause (as in the First Cause of Everything) there is plenty of space to allow the existence of a spirit or force that physics cannot explain, as physics itself cannot explain First Cause – at least not yet.

And given all great societies have had God and religion and ethics as a foundation, historical experience suggests there is “something” to this “God” thing.

For those who are religious, or believe in a spirit or higher being or life force that rolls through all of us and is more powerful than all of us: What does this God say about money?  Apart from saying don’t covert material wealth and focus on the spiritual, He says “let there be fair weights and measures”.  In other words, let the measurement of the market be based not on fraud but on fair dealing.

For this reason, the policy of sound money is very much linked with morality. The Hebrew scriptures, in the nineteenth chapter of the book of Leviticus, warn: “you shall have just balances, just weights…”

The twenty-fifth chapter of Deuteronomy issues a similar warning: “You shall not have in your bag differing weights, a large and a small.”

Proverbs says the same: “A false balance is abomination to the LORD: but a just weight is his delight.”

Another passage says, “Diverse weights, and diverse measures, both of them are alike abomination to the LORD.”

We are in monetary Hell, living in a monetary abomination in the eyes of the Lord.

Those who mock these words will pray for deliverance.  Their time has come.

In the words of the great Antal Fekete:

Not only did Keynes misunderstand speculation, but he also completely misconstrued the God-ordained role of gold in society. He did not see that variable foreign exchange rates would ultimately undermine paper currencies and bond values due to gold hoarding. Moreover, vanishing confidence in foreign exchange rates and bond values could be directly measured in terms of vanishing contango.

Ultimately, all monetary gold would be driven into hiding. The biblical writing on the wall “Mene tekel upharsin” (you have been put on the scale and found wanting) would become reality in a literal sense.

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