Biblical Economics 7: Biblically Responsible Investing

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The Conclusion of the Matter of Economics

Here is the conclusion of the matter: fear God and keep His commandments, for this is the duty of all mankind. –Ecclesiastes 12:13 (NIV)

The business world is filled with competitive people, because it has been running this way for centuries. These people don’t always start out as competitive types, but the more involved they get with secular employments, they become competitive because that is what is expected of them. At the root of it, the word competition can be defined as a contest where two enemies are fighting one another, in order that one of them might win, and the other one might lose. It makes me think of the video game Mortal Kombat where the players must fight to the death, and the winner, if he has the special codes, commits a fatality on the other guy. That’s what the business world is like. Competition is a death match, it’s a fight, a test of strength and skills, to see whether you will be the champion who wins, and the others who are competing with you, will become the losers. Some competitive types are total bullies—sadistic, seemingly taking pleasure out of pushing people around. But the Lord hates “bloodthirsty and deceitful” men; his eyes are “on the righteous” and he is “against those who do evil, to blot out their name from the earth” (Psalm 5:6; 34:15-16). So deliver yourself from them and pay their names no mind.

I’ve said a lot of things against competition in this book, because at the core of it, it runs against the Golden Rule: “In everything, do to others what you would have them do to you, for this sums up the law and the prophets” (Matt. 7:12). “See if I care,” is however, the competitor’s response to such beliefs. Literally apathy and sadism towards others. When I see people like this in action, it infuriates me, but it also motivates me to want to follow Jesus better. Competition anywhere, in jobs, in any human relations, even in sports, tends to amplify the carnal nature and grieve the Spirit of God. Psalms and Proverbs are filled with statements against deceitful, fight-picking, competitive men who take advantage of others in their pursuit of ill-gotten gains. Even with so-called healthy competition. What is that? Good sportsmanship and praying before the game. What is that supposed to do? At the end of it, competition is a fight to the finish line, to sort out winners and losers. Even if you’re “being nice” about it; and you high-five the enemy at the end of each game. You are still stirring up flesh and envy in the others who lost. Competition in all its forms comes from the world, from Greek and Roman sports, and from war. It creates enemies where there were none previously. It starts a fight where there was no fight before. It makes men into bullies and bullies into winners; and it makes nice guys finish last. To adopt the competitive system into your personal life is to sellout to the world and leave the words and person of Jesus behind.

What causes fights and quarrels among you? Don’t they come from your desires that battle within you? You desire but do not have, so you kill. You covet but you cannot get what you want, so you quarrel and fight. You do not have because you do not ask God. When you ask, you do not receive, because you ask with wrong motives, that you may spend what you get on your pleasures. You adulterous people, don’t you know that friendship with the world means enmity against God? Therefore, anyone who chooses to be a friend of the world becomes an enemy of God (James 4:1-4).

Competition, according to this brother of Jesus, ultimately stems from jealousy of what other people have. And then fighting to prove that you are more worthy to have those things than they are. Like trying to take their jobs from them. Competition is worldly. Fights, wars, and even murder stems from this thing called covetousness: the breaking of the tenth commandment: “You shall not covet your neighbor’s house. You shall not covet your neighbor’s wife, or his male or female servant, his ox or donkey, or anything that belongs to your neighbor” (Exod. 20:17). You shall not competitively covet your neighbor’s job either. Here is the cause for the disintegration of human society: nations fall because of this, sibling rivalry comes from this, families become dysfunctional and estranged because of this, spouses become divorced: and companies self-destruct, all because of this evil thing called competition. It is nothing other than fighting; and a distraction from the real purpose of business: diligence. Hard-working application of job skills to business activities which end up producing sales for the company. But many businessmen are so preoccupied with being competitive, that they have no time to be diligent.

Does one business compete against another business in the same industry? Do these compete over the quality of their products and their prices to win customers? YES! But they also compete in customer service, internally and externally: treating people according to the Golden Rule. Some companies excel at this, while other companies treat their customers like dirt. Most companies are run by secular thinking men, and so, are guided by Satanic principles: the “spirit of the world” (1 Cor. 2:12). But some companies, perhaps 25% of the American economy, who knows, are run by Christians and try to treat their people right.[i] In that sense, God is competing with Satan in those business competitions. The Pilgrims who traded wampum shells with the Indians, and sold their beaver furs at trading posts, might be an example of this. For a while they were the most successful out of all the settlers, because they knew the Indians.[ii] But most of what I’m referring to in this book is Machiavellianism: it’s what we in the West have adopted, a sense of competition that has been blown way out of proportion, and is manifested physically in the way we treat others in the office, and home; and in the aggressive, and violent, most popular sport called football, which we nationally celebrate.

If you mean to be a God-fearing Christian businessman, then you need to find a way to cast out the spirits of competition and covetousness from your heart in Jesus’ name! You will not succeed as a Christian if you cling to these vices. If you succeed at targeting these two demons, then you will probably not have that much of a problem with ridding yourself of deception, cruelty, and self-interest either. Because these lesser demons are only there to serve the greater causes of competition and jealous greed. Instead, fill up your mind with the Bible: “here is the conclusion of the matter: fear God and keep His commandments, for this is the duty of all mankind” (Eccl. 12:13). Everything else, all that striving in the world of a competitive marketplace, is meaningless and vain by comparison. Does your job allow you to keep God’s commandments or does it get in the way? If it gets in the way, then change your job.

Are you still thinking about the rich man who went to Hell in Luke 16? Are you wondering why? Let’s take a close look at him:

There was a rich man who was dressed in purple and fine linen and lived in luxury every day. At his gate was laid a beggar named Lazarus, covered with sores and longing to eat what fell from the rich man’s table. Even the dogs came and licked his sores (vv. 19-21).

Immediately after reading this, we are told that Lazarus died and went to Heaven; and then the rich man died and went to Hell: and as he was burning in the flames of damnation, he could see Lazarus far away standing with Abraham. Then he cried out to Abraham for pity; and asked him to send Lazarus over to the fire pit in which he was burning, just so that he could give him a few drops of water (vv. 22-24). Abraham explained that Lazarus suffered in his life, so now he will live in the comforts of Heaven; but the rich man had things go easy in his life, so now he will be suffering in Hell (v. 25). If this wasn’t enough of a request, the rich man throws yet another request to Abraham: that he would send Lazarus back to earth and rise from the dead; and that he would warn the rich man’s five brothers about the reality of Hell. Then Abraham says no, because they need to put their faith in the Bible first. Even if they witnessed a miracle like a resurrection or a ghostly visitation from Lazarus, they would find some way of explaining it away naturally, since they don’t already trust in the truths of the Bible (vv. 29-31).

Close examination will reveal why the rich man ended up in Hell and Lazarus in Heaven.

1. It wasn’t simply because he had more money than Lazarus did. Many people seem to overlook this. There’s a lot more going on in this passage. 2. The rich man bought luxury items instead of using that surplus for a benevolence fund to help extremely poor people like Lazarus. Even when constantly confronted with Lazarus’ hunger, sickness, and homelessness, he refused to give anything to help him out. He didn’t give him any job guidance either. The rich man had no compassion for the poor. 3. Even while being lashed by the flames of eternal punishment, the rich man still had the attitude of a snob, the prideful ego of a nobleman, so that he was still trying to exert authority over the poor, such as Lazarus was. Being a man who was probably in the upper class, he was likely in the habit of ordering servants around. His requests to Abraham, are by extension, attempts at giving orders to Lazarus, who used to be a poor man without any power. But now the tables have turned; and the rich man doesn’t realize that the pecking order isn’t the same in eternity. Lazarus is now in a place of authority beside Abraham, but the rich man has lost all his authority over others: all those who were beneath his rank and status.

4. The upper class are skilled at avoiding suffering. They have so much money, that they can insulate themselves from the cares and concerns of ordinary people. The rich man’s sensuality, hedonism, and Epicureanism was a contributing factor to his damnation. He was a self-serving, selfish, ego-centric man. He likely laughed at others who didn’t have his advantages; and kept himself in a constant state of luxurious enjoyments. Meanwhile, he saw homeless Lazarus with festering sores; and starving every day outside his gate. 5. Lastly, he was an atheist or unbeliever of some type. Whatever his religious orientation was, we can be sure that the rich man was not a Puritan or a fundamentalist. He did not believe in the reality of Hell while he was living; and he had no faith in the Bible. This is why he asked for Lazarus to go up and warn his five brothers (Luke 16:27-28), because they too didn’t put their faith in the Bible, and refused to believe in the existence of Hell as a reality or even as an article of faith. In summary, the rich man went to Hell, because he didn’t give to the poor, didn’t care about the poor, was an arrogant snob who bossed the poor around, was a sensual hedonist, and a Bible skeptic who rejected the paranormal and especially rejected the existence of Hell. Liberal Christians and atheists! Watch out!

Christians should try their best to be hard working, frugal at budgeting, and save money for emergencies, and try to increase their incomes, so they can put their kids through good colleges, and prepare for their retirement years by maxing out their IRAs every year, because the time will come when we will be too old to work with much vigor, and ageism might prevent companies from hiring us instead of younger folks with more stamina. Our life goal should not be to become a competitive jerk, to put it mildly, who succeeds at attaining a posh house, posh cars, and a maxed out 401(k): while at the same time being a total weakling at faith in the Bible; possessing personality traits laden with deception, hostility, and cruelty; being a total loser as a husband and father; or a soulless agnostic, who fears death more as his years approach the finish line. Mark 8:36: “What shall it profit a man, if he shall gain the whole world, and lose his own soul?”

[i] Bernard Bailyn, op. cit., pp. 114-115.

[ii] Bernard Bailyn, op. cit., p. 24.

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Is College Necessary for All Christians?

Moses was educated in all the wisdom of the Egyptians.  –Acts 7:22

Jesus returned to Galilee in the power of the Spirit…He went to Nazareth, where he had been brought up, and on the Sabbath day he went into the synagogue, as was his custom. He stood up to read, and the scroll of the prophet Isaiah was handed to him. Unrolling it, he found the place where it is written.  –Luke 4:14-17

There is a debate today about whether getting a bachelor’s degree is necessary to set a young person up for financial success. Such views are expressed in Bryan Caplan’s The Case Against Education: Why the Education System is a Waste of Time and Money (Princeton University Press, 2019) and by a more moderate view expressed in Ryan Craig’s A New U: Faster + Cheaper Alternatives to College (2018). This second book is not so anti-college like the first one apparently is; and is endorsed by the co-founder of LinkedIn, various state education leaders, and Jeb Bush. It provides a directory of websites for apprenticeships or internship programs for software coding, which do not require a four-year bachelor’s degree.

I lean more towards Craig’s view: college is beneficial if you choose the right degree, if you have the funds, and if it aligns with your job skills and career goals. But I have personally known about six or seven people who graduated with bachelor’s degrees around 2008 and did not increase their incomes because of their degrees. After about ten years or so, one of them bettered herself by finally getting an additional vocational certification in the healthcare industry. The college degrees they got were too general and not aimed at enhancing productive labor. This contradicts what the Bureau of Labor Statistics tells us: misleading us with generalizations and half-truths: that no matter what, if you get a bachelor’s degree of any type, then you will certainly make around $1,305 a week or $67,860 a year after you graduate! No matter what! I think that doctrine is a racket. They lump all bachelor’s degrees together and give you an average, so you have no way of knowing which degrees and jobs are winning and which ones are losing in the business world (see Elka Torpey, “Education pays, 2020,”, June 2021).

Vocational certifications may be, for many middle class people, a cheaper and more practical alternative to buying random bachelor’s degrees for their children. This is probably a wiser and more affordable investment in your children’s economic future. Michele Cagan, CPA, has said that for some people, both getting a mortgage and paying tuition for their children’s bachelor’s degrees, can actually hinder people’s financial success, because of all the debt that is incurred by those two things (Budgeting 101, pp. 182, 201-205; personal email, 7/20/22). The parents remain saddled with the home loan well into their retirement; and the kids often graduate with poorly chosen degrees, do not increase their incomes, and live with student loan debt for the entire length of their working lives, as wage slaves in Corporate America. She says, “70% of students graduate with debt” (Michele Cagan, op. cit., p. 182).

Merrill Lynch financial advisors Don Underwood and Paul Brown, say that the “triple threat” of saving for college degrees, retirement, and healthcare for aging parents, makes it darn-near impossible for the lower middle class person to save much for retirement. The reality comes home when they make the point that paying for a child’s four-year bachelor’s degree is like paying for a 30-year mortgage in the space of four years! (Grow Rich Slowly, op. cit., p. 108). It’s astronomical and impossible for the working class person: unless they had the presence of mind to consistently save enough money, since the time the child was born, and they never wavered in the amounts they saved per year until the child turned 18 years of age. If this is you, and your thinking, “There’s no way I would be able to save enough money to put my kids through college, without them turning to college loans, and saddling them with student loan debt for the rest of their lives,” then don’t do it! That’s my recommendation for those people.

Yes, there will always be people who say that children who graduate with any college degree on average will have higher incomes than those with only high school diplomas. But it’s hard for me to believe that as a philosophy grad; and knowing about eight others of my 2008 class, who did not dramatically increase their incomes with English, ministry, music, psychology, mathematics, dance, and physical education degrees, because the jobs they chose to pursue were not engineering, programming, or STEM jobs. That’s the real issue with income gaps and economic inequality in the United States. And it begs the question: doesn’t it seem like the providence of God that some high school graduates have richer parents than others? If providence is not at work in the division of labor in our economy, then what else do you have to explain it? Darwinism calls it natural selection.

The only people who can pay for college degrees, free and clear, without incurring college debts, are the upper middle class and the upper class. Honestly that’s it: and that’s usually the way it’s always been for centuries, unless a student gets lucky, with an academic scholarship. College degrees are a major way that the rich keep wealth transferring down their family lines. And while I won’t say that all pursuits of higher education are inherently immoral, I think that some of them clearly are, which is why godless frats and sororities populate so many of our schools. Entitlement, elitism, snobbery, and “it sucks to be you” type thinking towards the poor, starts to develop as the rich college kid starts to realize how economically privileged his or her family happens to be, when compared with other poorer families. Nothing can be so divisive, not only among adult siblings, friends, and family, as the idea that their one golden child turned out to be a “college boy,” while the other ones didn’t have such favor shown to them.

Then again, in the case of some individuals, it may be the will of God that they complete a certain college degree. Every person’s life is different: but are you sending your kid to college for all the right reasons? Is your kid pursuing their degree for all the right reasons? Is it good for both of you spiritually and economically? It might be a wise choice for some parents, if the money is available; but a foolish choice for others, who guilt themselves with a false responsibility, that they should still send their kids to college, even without enough money.

Don’t imagine that if your kid won’t be able to get a college degree, that it’s a financial death sentence for the child. Western universities have been around since Plato’s Greek academy in the 6th century B.C. There was apparently a college in Jerusalem (2 Kings 22:14, KJV). John Gill suggests this might have been a Jewish seminary. This may be where we get the writings of the prophets from, as they were all literate men, and had books of prophecy named after themselves. We know that Moses, who wrote the first five books of the Bible, had to have been a literate prince, and was “educated in all the wisdom of the Egyptians” (Acts 7:22). Moses was likely a college man in some way. The apostle Paul “studied under Gamaliel” (Acts 22:3), which means that he was probably educated at the same Jewish seminary in Jerusalem mentioned in 2 Kings 22:14. We know that Jesus could read and the apostles could write: their literacy is an established fact, which is why we have the Bible (Luke 1:1-4; 4:16).   

But just because these men of God could read and write, it doesn’t mean that they earned the equivalent of a four-year bachelor’s degree in the sciences, propelling them ahead of everyone else into a higher income bracket. That might have been just the case with the disciple Luke, who was a physician (Col. 4:14). But when it comes to the Old Testament prophets, Jesus, the apostles, and even the somewhat educationally privileged apostle Paul who “studied under Gamaliel,” we don’t see any evidence that these men pursued college degrees to increase their income status. Instead, they were middle class tradesmen, probably dropping into the lower-middle class, in the building, fishing, and tentmaking industries (Matt. 13:55; Mark 1:16; Acts 18:3). Even a high school education, by today’s standards, is likely better than these men received. But see how they were able to take care of themselves financially. No “bachelor’s degrees” and no big wealth accumulation either. Yet it was by developing their job skills, by apprenticeships under their fathers, that they were able to make the money they needed.

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With the rise of seeker-sensitive churches, how do we understand Biblically “seeking” God?

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Is Infant Baptism Biblical? – John MacArthur

34:35 – The only people who are ever baptized in the New Testament are people who have come to faith in Christ. And baptism is always immersing them in water, it is never sprinkling water on their heads from a tiny little fountain.

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Feelings attacked
And life force choked
Reason smacked
And evilly soaked

Destructive competition philosophy
A world of hate driven by Satan
Years of velocity
The laws of God straighten

A long deception with farces played
Horror in the place of love
Paternal and maternal slayed
Life preserved by a hand above

When will I be borne to the upper world?
And escape from this womb of filth?

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Self-Description, People’s Description, God’s Description

The Spirit himself testifies with our spirit that we are God’s children. –Romans 8:16

We know and rely on the love God has for us. –1 John 4:16

I think that I’m definitely a people person and a comedian of sorts. I like to make people laugh and I love their company. I would say that I’m nice for the same reason. I guess the comedy element is what has made others describe me as weird, gross, or different at times. That’s what you’d call my “deadpan” and “cringe comedy” coming out. Some of my jokes are just not palatable for some people’s tastes. But I don’t really care if some jokes don’t hit their intended targets, because even if one joke ever has, then it was worth it to me. Cracking jokes, to make other people feel good, is my way of showing love for my neighbor.

But being such a light to the world ain’t that easy. There’s definitely certain kinds of people that I tend to rub the wrong way. People who are way too serious, or care a lot about their image and reputation, or those that compromise their moral values, those who are jealous and self-centered, all competitive types, lawless antinomians who hate it when anyone talks about living according to the Bible, or those who are really controlling and manipulative. Those are the types of people that tend to hate me and not get along with me. And it definitely turns out that I tend to avoid people like that too, if I find out they’re like that. But everyone deserves a chance or two at first. I approach every new person with a blank slate. Maybe there’s a new soul that I can bless in some way.

I’m not saying that I don’t share any part of the vices I’ve mentioned above. I think we all do to some level. But I’m saying that there are individuals out there whose entire personality is dominated by that one bad thing. Yeah, those types of people don’t like me. They’ve called me awkward, weird, too idealistic, very hurtful, without any compassion, graceless and severe in my understanding of Christianity, isolationist, a know-it-all, legalistic, so gay, gross, like a child, and said that I think I’m perfect. On the other hand, there’s always been other people who have told me I’m nice, a people person, a comedian, different, just like Smith Wigglesworth (I’ll take that as a compliment,) or John the Baptist, an anomaly among men, light-years ahead, their best friend, courageous, devoted, and when it comes to my sales style: meek, strong, and talented. If all of these things were thrown together, you’d think a person factory blew up; and a bunch of random character traits spilled out on the floor. That’s me I guess, to some people, and me to others. But in the end, all that really matters to me is what God’s voice has said to me often in these past several years: “I love you.”

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When People Let You Down: Biblical Examples of Betrayal

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Review of “Hillsong: A Megachurch Exposed”

Darlene Zschech is probably the greatest praise and worship leader of our generation, in my personal humble opinion. Her albums The Platinum Collection Volume 1: Shout to the Lord and The Platinum Collection Vol. 2: Shout to the Lord 2 are simply unsurpassed in their popular reach into the churches of the 90s and early 2000s, and many of them sound pretty good musically, and the lyrics are Biblically sound. I can personally say that I’ve felt the presence of God at church during Pentecostal worship while singing a lot of those songs. In 2011, she co-founded a Pentecostal church in New South Wales called Hope Unlimited Church, which she now pastors alongside her husband Mark. I don’t know much more of their story than that, but I suppose if I were to read her book The Art of Mentoring, which came out that same year, it would shine more light on why they felt they needed to leave the Hillsong network and start their own independent church network.

Leaving the Zschechs to their own ministry endeavors, I can bless them with a clear conscience, and do not see them in any way as causally connected with the abuses that are revealed in Discovery+’s 3-part documentary Hillsong: A Megachurch Exposed. This documentary is right to say that it was her songs that catapulted Hillsong Church into the international spotlight; and this is certainly a part of Hillsong’s story. But it would be wrong to say that she was part of the patchwork of abuse that was perpetrated by other male leaders there. Most of the documentary centers around the 10-year ministry of Carl Lentz, from 2010 to 2020, which is incidentally the same time that the Zschechs started their independent church. I think this suggests that the Zschechs saw something was wrong with the Hillsong leadership at this point; and they wanted to keep their eyes on Jesus, and not get tied up with the man worship that Lentz was promoting. Man worship. Idolatry. That’s exactly what it was.

Lentz became the pastor of a church plant in New York City which was called Hillsong NYC. Following seeker-sensitive and church growth principles, the church used a lot of hype and entertainment to attract the young, the beautiful, and the famous into the church, the most notable being Justin Bieber. Once this was achieved, the “celebrity church,” as it came to be called, made sure to exploit Bieber’s attendance as the greatest marketing strategy that Hillsong has ever employed. It made Hillsong NYC to grow like crazy, because people wanted to come to church to see Bieber and other celebs in a non-concert setting…or was it a concert church? But it was a theologically barren one: if anything, it was antinomian. Some described it as having a “nightclub” type of environment, with a VIP section in the front where Bieber and other celebrities could sit. James 2:2-4: “Suppose a man comes into your meeting wearing a gold ring and fine clothes, and a poor man in filthy old clothes also comes in. If you show special attention to the man wearing fine clothes and say, ‘Here’s a good seat for you,’ but say to the poor man, ‘You stand there’ or ‘Sit on the floor by my feet,’ have you not discriminated among yourselves and become judges with evil thoughts?” There’s nothing new under the sun, but in the church this should not be. Lentz, in order to fit in with Bieber and others, also bought designer clothes in the thousands of dollars range, sweaters, shoes, and the like, for which he had embezzled the church’s funds. The man had a massive ego. Lentz and Bieber, are seen in one photo, taking shots at the bar! Bieber influenced Lentz more likely than the other way around. I think that Lentz simply became intimidated and enamored, by his newfound status as a celebrity pastor in the media spotlight, and he didn’t know how to emotionally handle it. This stress, and pressure, and his exalted, inflated sense of ego, are probably what led him to commit adultery with the girl mentioned in the documentary. He must’ve saw her as a form of escape from his crazy life at Hillsong NYC. There is a clip that seems to suggest that Lentz used to cuss in his sermons also. Lentz was a reputed womanizer in his ministry and was party to many cover-ups, and emotional abuses, in which lack of acknowledgment and lack of apology became a pattern.

Lentz’s adultery scandal in 2020 was the bomb that went off, that exposed ingrained problems of pastoral abuse and cover-up, which had been going on in Hillsong Church for many years. After covering Lentz’s ministry, the documentary proceeds to show that not only were there other incidents of sexual assault among pastors in this church network, but also that the founding pastor of the entire church, Frank Houston, had a history of pedophilia. It has come to the point that the senior pastors Brian and Bobbie Houston have been fired from Hillsong Church, which they have led for over 30 years. Brian Houston is now facing the possibility of serving a prison term, because he failed to report his father’s sexual abuse to the police. Houston had also authored You Need More Money in 2000, which many Christians have critiqued as promoting the prosperity gospel, materialism, greed, and luxury-loving. Instead of encouraging the Puritan middle-class balance of “neither poverty nor riches” in Proverbs 30:8, he simply urged poor Christians to swing the pendulum to the other extreme; and try to grow as rich as possible. What an incredible tragedy! May God bring healing.

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Biblical Economics 6: Saving Money with a Frugal Budget

UPDATE (7/17/22): Because silver and gold drastically fluctuate in value from month to month, and especially drop in value during recessions, I do not recommend buying silver and gold as an emergency fund. John Maynard Keynes wrote many things against using gold in modern times. Dave Ramsey agrees. Warren Buffett has experimented with gold stock before, but after finding it unprofitable, he pulled out of it. The Puritans and the men of the Bible lived in a time when gold and silver were used as currency: actual real money. Today, they have no other value in our economy than a piece of jewelry, which again is a commodity whose sale price drastically fluctuates in value. If we want to imitate the Puritans in the way that they saved money, then it should be in the gradual accumulation of real currency: CASH. The Puritans didn’t have dollar bills in the seventeenth century, but if they were living in our times, then CASH MONEY is what they would be saving in their safes, safety deposit boxes at the bank, and FDIC-insured savings accounts in the bank. Towards the end of chapter 4 in his A Tract on Monetary Reform, Keynes explained that the Federal Reserve Board (aka the Fed), which controls the money of the United States, has the largest hoard of gold in the world. Second to this is the Bank of England’s hoard of gold. Because these two banks have hoarded so much gold, it has created scarcity for gold in the rest of the economy, as the gold is not being used in everyday coinage and currency for the common man. Instead, currency has become CASH: and that issued by the Fed as the U.S. dollar and the Bank of England as the pound sterling. These two government banks have done away with the “gold standard” of using gold as everyday money and currency. They are hoarding large amounts of the world’s gold. Their hoarding of it is preventing it from being circulated as currency, and so, for the everyman, gold is not a smart tool of saving money, because of its drastic fluctuation in price levels. If you’re going to save money, then save U.S. dollars. The only way that saving gold would be of any value, would be if both the United States and England were destroyed! Then gold value would skyrocket. But seeing that is not likely to happen, we should be content with saving actual real cash money, and avoid the unstable prices of gold and silver. They are currencies of the past; and might serve as a nice ornament somewhere in your house, but don’t fill up your safety deposit box with them. Better to save cash. 

Bullion dealers will sadly resort to fear-inducing conspiracy theories in order to provoke people to buy gold and silver from them. Most of these theories are anti-government Chicken Little speculations pointing to the total collapse of the American economy and country: a nearly post-apocalyptic scenario in which all the gold-owning preppers will one day be able to barter with others, in a world in which the U.S. dollar is no longer used. They will at times go into detail about the cash flow of the Fed, saying that they just keep printing money without enough gold to back it, that money is the U.S. dollar by fiat (because the Fed says so), or the Bretton Woods Agreement, and that because the nations all pay each other through U.S. dollars, and inflation keeps rising at the same time, the value of the dollar should be questioned when compared to the intrinsic value of gold. The printing of paper money is called a Ponzi scheme: the reliability of the government is called into question as they point to the national debt. What these apocalyptic bullion speculators fail to mention is how much gold prices fluctuate and how negative that is for the individual who buys, holds, and sells precious metals. The U.S. dollar always keeps pace with the rate of inflation, but gold and silver never do: their price levels are crazy and unpredictable. Once you’ve lost money from buying gold, or have had to sell it at a loss during a time of distress, the hypocrisy of bullion dealers should become pretty obvious: all the while they are building a case against the U.S. banking system and the dollar as unstable, they themselves are selling bullion that is exponentially more unstable than even one dollar bill.

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