Real value gold and silver was the only legal tender for millenniums.
How to resolve the current U.S. and European debt Crisis has been known for centuries. The simple solution is presented in the Bible. It is the only logical solution available.
Deuteronomy
Chapter 15
- At the end of every seven years thou shalt make a release.
- And this is the manner of the release: Every creditor that lendeth ought unto his neighbour shall release it; he shall not exact it of his neighbour, or of his brother; because it is called the LORD’s release.
- Of a foreigner thou mayest exact it again: but that which is thine with thy brother thine hand shall release;
- Save when there shall be no poor among you; for the LORD shall greatly bless thee in the land which the LORD thy God giveth thee for an inheritance to possess it:
- Only if thou carefully hearken unto the voice of the LORD thy God, to observe to do all these commandments which I command thee this day.
- For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.
It will not be the end of the World when the Federal Reserve Note or the Euro collapses. It will simply mean that the fiat debt will be canceled – as it should be. Fiat money – the Federal Reserve Note and the Euro are both worthless anyway. The debt isn’t based on real value assets it is solely based on interest bearing payments. Wipe out the interest bearing fiat money and the debt is only the principal amount owing.
Did Russia cease to exist when the Russian government defaulted on their massive interest bearing debt in 1998? We all know Russia still exists and is now stronger than ever. The Federal Reserve and German Chancellor Angela Merkel would have you believe that the World will descend into chaos if their Federal Reserve Note and Euro monopoly fails. That is simply not true. The World will be better off once the worthless counterfeit Federal Reserve Note and the Euro are gone. The Euro has only been around for 9 years (first issued in 2002) and look at what it has done. Before the Euro European countries were prosperous. The collapse of the Euro means European countries will once again be sovereign – exercising de factoadministrative control over a country and is not subordinate to any other government in that country.
The end of the Federal Reserve Note and the Euro won’t mean the end of the World. The Sun won’t stop shining because the Federal Reserve Note and the Euro no longer exists. Time won’t stop either. The Earth will still rotate and sunrise and sunsets will continue for millions of years. Crops in the fields will not stop growing. Oil will still be available. People around the World will still get up every morning and go to school or work or play. Next year farmers will still plant seeds and by the end of next summer they will harvest their crops and feed the World population. People will still want to buy electronic devices, cars, trucks, motorcycles, appliances, furniture, computers, and clothing and the economy will flourish. Life will continue long after the Federal Reserve Note and the Euro are gone.
The end of the Federal Reserve Note simply means the United States Congress will once again coin (made of valuable metal) the money of the United States and regulate the value thereof – as per Article 1 Section 8 of the United StatesConstitution. As John F Kennedy tried to do by printing and circulating interest free United States Notes.
The end of the Euro simply means Greece, Italy, Ireland, England, France, Germany and every European Union member state will once again issue their own interest free currency.
When both the Federal Reserve Note and Euro fail each country will once again issue their own currency.
No country should ever again allow another globalist banking system to take control of their country. No country should ever accept a World Monetary currency. A World Monetary currency is just another interest bearing fiat currency. A World Monetary currency would simply mean replacing one evil with another. A World Monetary currency would simply mean that you would be giving control of your country back to the very same people who created this mess in the first place.
It doesn’t matter what name they go by; the Federal Reserve, the EU, the IMF, the World Bank, NAFTA or the Financial Stability Board, they are all part of same interest bearing and debt creating monopoly system. They are all under the control of a handful of unelected gangsters.
In the Torah, or Old Testament, every seventh year is decreed by Mosaic Law as a Sabbatical year wherein the release of all debts that are owed by members of the community is mandated. The seventh Sabbatical year, or forty-ninth year, is then followed by another Sabbatical year known as the Year of Jubilee wherein the release of all debts is mandated, for fellow community members and foreigners alike, and the release of all debt-slaves is also mandated. The Year of Jubilee is announced in advance on the Day of Atonement, or the tenth day of the seventh Biblical month, in the forty-ninth year by the blowing of trumpets throughout the land of Israel.
In Islamic teaching, according to the Quran, an insolvent person was deemed to be allowed time to be able to pay out his debt. This is recorded in the Quran’s second chapter (Sura Al-Baqara), Verse 280, which states:
“And if someone is in hardship, then let there be postponement until a time of ease. But if you give from your right as charity, then it is better for you, if you only knew.”
The Bible in regards to interest bearing debt
The Biblical use of the term “usury” corresponds to our modern word “interest”. The Talmud (Judaism’s holiest book) prohibits the lending of money with interest.
The prohibition of interest is based on God’s covenant with Israel and upon the compassionate treatment of various oppressed groups: the resident alien; the widow; the orphans; and the poor.
Exodus 22:25 states the law in explicit terms: “If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury.”
Leviticus 25:35, “And if thy brother be waxen poor, and fallen in decay with thee; then thou shalt relieve him: yea, though he be a stranger, or a sojourner; that he may live with thee.”
Deuteronomy 23:19, “Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury.”
Both Ezekiel 22:12 and Nehemiah 5:0-11 condemn lending money with interest, especially to the poor. And Ezekiel 18:13 list the taking of interest among sins worthy of death.
The consistent teaching of the Old and New Testaments, the Talmud and the Quran is that compassion, mercy and justice are to override purely economic concerns, such as loans. Religious people are to be gracious to all, even debtors.
Bible only recognizes gold and silver as real money
Have you ever noticed that the Bible never mentions paper money. Gold and silver are the first and oldest form of money, the only money that has not failed, and a source of notable value for over 5000 years!
- The Hebrew word for money is “keceph”, which when translated means “silver.”
- The King James Bible mentions gold 417 times, silver 320 times, and money, which is mentioned 140 times, refers only to physical silver and gold. A paper currency is never mentioned.
- Gold and silver are mentioned all through the bible as real wealth, even through the end of Revelation.
- From Genesis to Revelation, gold and silver are the only monetary assets that will maintain their purchasing power until judgement day.
Governments, kings, rulers, and charlatans of all types, sizes, and sorts, have used paper “instruments” to hoodwink, steal, and defraud. Be they paper dollars, treasury bills, or worthless bonds and stocks. All such “instruments,” are as good as the issuers of such, and no more. A piece of paper, with scribbling or a beautiful imprimatur, is only as valuable as its issuer. An IOU on a piece of scrap paper, given you by a trustworthy individual, is far more valuable than a million pieces of notes from a bankrupt kingdom or nation.
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