Knowledge is constantly increasing, as God's word said it would (Dan.12:4), but wisdom, which is the best and right use of knowledge, has been constant in the minds and hearts of those blessed with the logical reasoning of truth, since man's beginning. While knowledge and technology increase, human morality and wisdom remain static ... Unimproved, worldwide. Proverbs is full of the blessings of wisdom and ruin of foolishness. Here is a more recent example of wisdom spoken by a man of wisdom and recorded in history.
“Although there are countless maladies that are forever causing the decline of kingdoms, princedoms, and republics, the following four (in my judgment) are the most serious: civil discord, a high death rate, sterility of the soil, and the debasement of coinage. The first three are so obvious that everybody recognizes the damage they cause; but the fourth one, which has to do with money, is noticed by only a few very thoughtful people, since it does not operate all at once and at a single blow, but gradually overthrows governments, and in a hidden, insidious way.” –Copernicus 1526
The debasement of coinage (currencies) is the inept action of government's self-destructive tendency.
"Coinage", in Copernicus's day, was debased by manipulative governments cutting down a "bit" on its silver or gold content and adding copper or some other alloy and continuing to do so until a silver or gold coin, over time, was all alloy, but still passed off as if it was still of value. Merchants were blamed for "gouging" or "increasing prices". Costs moved up with inflation and down with deflation, destabilizing nations.
Nicholaus Copernicus was a Polish astronomer and mathematician who, as a student, studied canon law, mathematics, and medicine at Cracow, Bologna, Rome, Padua, and Ferrara. He also had an interest in astronomy and published an early description of his "heliocentric" model of the solar system.
Copernicus's observation of the undermining nature of government debasement of coinage, a classic, must now be applied to a nation's currency. It happens over and over again, among nations. The progress driven by wisdom reaches a point where men in high position become so educated in secular knowledge, that they cease to consider the wisdom which holds knowledge in line with the truth, and they become educated fools. High degrees of secular knowledge but without a thimble of wisdom for guidance.
The Bible has much to say about honest weights and measures, which translates today into honest currency, is easily debased by simply issuing more and more paper money without any silver or gold backing it, in reserve. Each new dollar printed or digitized cuts down on the buying power of all other dollars. The groceries do not go up in price or value, the dollar you buy them with goes down in value ... or buying power. So it isn't really the merchant who is gouging you, it is the government policy of taxing, unlimited spending and money printing, and quantitative easing. Our politicians have reached the brink of disaster, in debasement, a point of no return ... with no remedy. Their only move now is to default on national debt or keep printing more money til inflation runs us amok or the whole economy folds up.
And, no, Trump cannot stop the tsunami tide from coming in, resulting from earlier political leadership.
World War II was not created by Winston Churchill or Harry Truman's void in leadership, against the rise of Nazism, but by earlier Political Leadership. They simply had to clean up the mess made by wimpy politicians who preceded them. Trump did not get our government into a quarter of a Quadrillion dollar unpayable debt and unfunded liabilities. Our wimpy politicians who preceded him did that. He will simply get the blame for it when the natural conclusion of unwise and foolish political decisions comes to pass, while he is president. RB
2018 Economy Goes Cold – Inflation Hot
By Greg Hunter’s USAWatchdog.com
Former Fed insider Danielle DiMartino Boot is not optimistic about a surging economy in 2018. Booth contends, “We have seen 24 consecutive back-to-back months when credit card spending has outpaced incomes. That tells you households are struggling to get by. This is not Eve Saint Laurent handbags and Jimmy Choo shoes. These are families who are using their credit cards to take care of the necessities, to fill up the gas tank, to buy groceries and fill up their refrigerator. . . . We have seen month after month of subprime automobile delinquencies, and we are starting to see a big tic up in FHA mortgage delinquencies as well. . . . We are at almost 10% (delinquencies) of FHA mortgage loans. Underlying this sugar high that we will see from all of these hurricanes and rebuilding efforts and wildfires, underneath that, still waters run deep and the economy is not doing well. We are a consumption-driven economy that is weakening underneath. The sugar high will absolutely wear off in 2018.”
What about the bond market in 2018? Booth says, “We have gone from $150 trillion (in global debt) in 2007 to $220 trillion and counting today. If you delude yourself into thinking a rising rate environment can be good when we have tacked on $70 trillion of debt in the last decade, you are fooling yourself. It is an accident waiting to happen, and anyone who doesn’t think that it will take the stock market down with it is more optimistic than I am by a country mile.”
Booth says, along with a “bond market debacle,” the world will see inflation right along with it.
Read entire article at < https://usawatchdog.com/ >
No comments:
Post a Comment