The US Dollar isn't called the petro-dollar for nothing!

Just speaking for myself here. We have people that still put a lot more trust in what those who believe themselves to be economic teachers say and think. Such as the Federal Reserve Chairperson.

I don't!!!

In 2008-09 I finally learned my lesson and stopped listening to the economic pundits. Even then Chair of the US Fed Alan Greenspan admitted he would have to re-think the economy.

I already knew that by that time of the US investigation into the 2008-09 crash.

I have spent time since then in Keynes, Hayek, Social Credit, Islamic, Modern Monetary Theory and a couple of others. I don't subscribe to any of them, although, I do take bits and pieces from most of them anyway.

There is one person though that God has used to give me much focus in economic matters and his name is Professor Richard Werner from Southhampton College. He has a documentary called "Princes of the Yen" that really honed my understanding about both money and debt. He is the guy that first coined the term "quantitative easing". And it isn't what you are led to think it is by today's economic pundits.

In the first 7-8 minutes of his doc "Princes of the Yen", we learn what real quantitative easing really is.

We need to changes the structure and function of our economy and we can. We will see what God allows.

Actually, I fully agree that the debt based method of running an economy is ruinous to the nation. What you are saying is the way we wish things were.

Obviously banks should not be giving out huge mortgages with next to no down payments that will absolutely bankrupt them if a number of their clients can't pay their monthly payments.

And true, should America loose it's position as having the standard reserve currency, the value of the US dollar would drop like a lead balloon.

The economy is very complex and globally intertwined now and in many ways it violates the laws of a healthy state of economic living.

Yet the idea that economic activity is based only internally within a country is no longer true. The export/import activity does affect the economic activity within the country.
I mean-- here in Canada our economy took a real plunge because of external happenings, and those external happenings have affected a lot of people in Canada in very personal ways. Over 60,000 people in one province lost their jobs within six months because of the oil war taking place in other nations.

So yes, making a few changes to affect the betterment of the local commerce is always a good thing, but I'm not sure there is any possibility of going back on this practice of the USA printing money "out of thin air". They have to do it to maintain their position in the world economy.

Not only must they print money, they have to assert their authority on the oil market to keep their dollars position as the world standard or reserve currency.
That I believe, is why the USA did the "oil war" two years ago. It bolstered the US dollar again.
It put down other nations currency in relationship to the US dollar.


Somehow I don't think the USA will ever give up their position as having the world reserve currency.
Prophecy in Rev. 13 shows the USA in economic power over the whole world. They have enough economic power so no one can buy or sell unless they have the "mark of the beast".

The position of the US dollar as the world's reserve currency is what gives the US this kind of power over the world's economy.
And the "elite", secret societies, behind the scenes manipulators will see to it, that this remains the case. (not for the well being of American people, they aren't concerned about that, but for their agenda to control).

If you really understood Hayek and Mises you would understand that they stood 100% against what is going on in today's economies. If their ideas had been followed world wide the economies of the entire world would be stable, poverty would be far less than it is today, and things like unemployment and inflation would not be the problems they are today. It isn't that they might not exist at all, but that they would be reduced considerably for it is impossible to get rid of all unemployment. Not all people want to work, and there are always winners and losers in a free market thus while come companies prosper others fail, and those failures lead to loss of jobs. Thus there will always be some unemployment.

Did you know that the only national economy ever set up by God was an economy based upon capitalism and no government intervention in the economy? It's true. Look at the economic structure God set up in ancient Israel. Now, all capitalism really means is the private ownership of land, natural resources, means of production, etc.... Now look at the laws of ancient Israel and you will find no laws governing how business was to be done other than those laws which limit greed and the harming of people through that greed. That means ancient Israel had a lassez faire capitalistic economy. The only "taxes" that God established were to support the priesthood and the poor. The Bible calls them tithes. There were no other forms of taxation. Those didn't come along until the Israelites rejected God as their king and asked for a king like the nations around them had. God warned them what would come of it but they refused to listen and insisted on their own way.

In addition to my statements on Israel's economy remember what God told them about what would happen if they followed His way of doing things. He told them they would be fabulously wealthy, that the rest of the world would be astonished at them.

Now why would they become wealthy beyond the rest of the world's imagination? The rest of the world used a centralized government structure that interfered with their businessmen. In other words the businesses were regulated according to what enriched the kings. Thus the governments were draining the wealth out of those societies.

God's laws, and ways of doing things, are always based upon what works. Why health laws? Because following them makes us healthier. Why His way of setting up an economy? Because if followed to the letter it produces more wealth for the people and reduces poverty. All God ever said about "special" economic blessings that He would provide was that He would send the rain for their crops. That alone would not have made the COI wealthy. Much of the "secret" to the wealth would have been the very economic system God set up.

If you understood free markets and no control over money and its allocation, you would see that Mises and Hayek's ideas have limited effectiveness. Until we completely separate cash from credit, it is impossible for any type of economy to work or turn around the economy.

Austrian is good in many cases, but, by itself it can't really get the job done.

To advocate really clear-cut principles of social order is today an almost certain way to incur the stigma of being an unpractical doctrinaire. It has come to be regarded as the sign of the judicious mind that in social matters one does not adhere to fixed principles but decides each question ”on its merits”; that one is generally guided by expediency and is ready to compromise between opposed views. Principles, however, have a way of asserting themselves even if they are not explicitly recognized but are only implied in particular decisions, or if they are present only as vague ideas of what is or is not being done. Thus it has come about that under the sign of ”neither individualism nor socialism” we are in fact rapidly moving from a society of free individuals toward one of a completely collectivist character.

If you really understood Hayek and Mises you would understand that they stood 100% against what is going on in today's economies. If their ideas had been followed world wide the economies of the entire world would be stable, poverty would be far less than it is today, and things like unemployment and inflation would not be the problems they are today. It isn't that they might not exist at all, but that they would be reduced considerably for it is impossible to get rid of all unemployment. Not all people want to work, and there are always winners and losers in a free market thus while come companies prosper others fail, and those failures lead to loss of jobs. Thus there will always be some unemployment.

Did you know that the only national economy ever set up by God was an economy based upon capitalism and no government intervention in the economy? It's true. Look at the economic structure God set up in ancient Israel. Now, all capitalism really means is the private ownership of land, natural resources, means of production, etc.... Now look at the laws of ancient Israel and you will find no laws governing how business was to be done other than those laws which limit greed and the harming of people through that greed. That means ancient Israel had a lassez faire capitalistic economy. The only "taxes" that God established were to support the priesthood and the poor. The Bible calls them tithes. There were no other forms of taxation. Those didn't come along until the Israelites rejected God as their king and asked for a king like the nations around them had. God warned them what would come of it but they refused to listen and insisted on their own way.