There’s little doubt that sub-$2 gas at the pump is a beautiful thing to many, and for good reason.
For those struggling to exist under the purposefully increasing weight of a system designed to drive the average person ever deeper into the arms (and control) of the emerging Orwellian American Corporate State, “cheap gas” is a most welcome relief. It’s an opportunity to have a little more food in the kitchen or a little more, well…gas in the tank.
What most folks in such situations are unlikely to know is that while the short term relief of “cheap gas” is very real, the recent plunge in oil prices is a reflection of some very severe and ominous unfolding economic realities. The energy sector is about to take a header, which will lead to various investment groups and banks taking a header, which will lead to…2008 all over again (and probably worse).
When oil was high (just months ago), and had been high for such a very long time, it was very easy for many investors to justify taking out loans and using credit to dive deep into the energy production sector. Banks and investment groups were happy to oblige. Along the way, greater and greater chances were taken, with the imagined promise of “inevitable” payouts at the end used as the rationalization for taking almost any risk.
Now, with oil prices having cratered, not only are the prospects of a “big payout” at the end of the rainbow off the table, even the ability to maintain or repay existing loans and financing arrangements are increasingly called into question. Put another way: The energy speculators who made “can’t lose” investments and loans on a grand scale over several years’ time are about to get burned.
This is where bailouts come in.
You see, for most of us, when we make a bad investment or take a risk that doesn’t work out as we’d hoped, we have to suffer the economic consequences. We have to pay. We have to endure the cost of our decisions.
This is known as “being an adult”.
It is also known as “free market capitalism”.
Both are beautiful things, since even (and often especially) in failure we learn much. It is through experiencing and understanding the failings of the past that we are better equipped to succeed in the future.
But the reality in the emerging Orwellian Corporate American State is that there is no “free market”. There is no “being an adult”. There is instead privileged protection from the consequences of risk for a select, elite few, and ever increasing State and Corporate servitude for the rest of us.
Bailouts are a crystal clear example of this.
Bailouts remove the consequences of bad risk from those who took the risk and place those consequences on the rest of us. It’s just that simple.
So they get to keep their increasingly lavish material lifestyles, while we struggle even more with each passing month just to exist.
And in the American Orwellian State, this situation is protected through the application of additional privileges to our elite ruling class.
For example, elites (be they State, Corporate, or both) have their privacy preserved and respected, while we have ours obliterated by design, ironically in the name of the “preservation of freedom” and security. (See: Privacy is for masters. Transparency is for slaves. Welcome to “the land of the free” and the home of the NSA.)
Without getting into much detail here (we will try to tackle many of the moving pieces involved in future posts), this whole nightmarishly wrong system of systems is fueled and enabled by the present fiat currency system of economics used by these elites to effectively own and control everything and everyone beneath them through the use of “money” that they literally craft out of thin air. (See: Fiat $lavery: We have been bought and paid fr…with nothing.)
It is this system atop the systems that took an interesting and significant hit when just this past week Switzerland decided to “unpeg” its currency from the Euro. In that one event on that one day, the looming failure and fall of the unbiblical system of economic slavery afflicting the globe was made apparent. Shockwaves rippled through the global financial sector, and appropriately so.
While I hope to discuss these things in more detail soon, for now I want to focus on the reality that the Nature of God as revealed in His Word is both unbreakable and in force right here and right now, as it always has been and always will be in every realm of His creation.
The reason that every fiat currency system of unbiblical elite empowerment and mass enslavement has failed in the past and why every similar system enabled in the present or future will also fail is simple: God’s Nature is Law in all of His creation.
So the Euro/Swiss unpegging debacle and all that is about to follow is only the most recent reminder of God’s sovereignty in economics.
In that spirit, consider the following:
A false balance is an abomination to the LORD, but a just weight is his delight. ~ Proverbs 11:1
For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs. ~ 1 Timothy 6:10
The Lord despises a false or fundamentally unfair standard of measurement in financial matters. With our embrace of “fiat currency”, we have embraced the most fundamentally unfair standard imaginable. We have literally allowed for wicked men and women to dominate and direct our culture, our families, and our very lives through our surrender to and empowerment of a system that God defines as fundamentally abominable – a term that He also uses to describe the perversion of homosexuality.
Understanding this, consider the following related passages from secular works describing the roots and motives of the presently reigning/dying unbiblical economic system under which we labor:
“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.” ~ Professor Carroll Quigley, Tragedy & Hope
“The basic plan for the Federal Reserve System was drafted at a secret meeting held in November of 1910 at the private resort of J.P. Morgan on Jekyll Island off the coast of Georgia. Those who attended represented the great financial institutions of Wall Street and, indirectly, Europe as well. The reason for secrecy was simple. Had it been known that rival factions of the banking community had joined together, the public would have been alerted to the possibility that the bankers were plotting an agreement in restraint of trade— which, of course, is exactly what they were doing. What emerged was a cartel agreement with five objectives: stop the growing competition from the nation’s newer banks; obtain a franchise to create money out of nothing for the purpose of lending; get control of the reserves of all banks so that the more reckless ones would not be exposed to currency drains and bank runs; get the taxpayer to pick up the cartel’s inevitable losses; and convince Congress that the purpose was to protect the public. It was realized that the bankers would have to become partners with the politi- cians and that the structure of the cartel would have to be a central bank. The record shows that the Fed has failed to achieve its stated objectives. That is because those were never its true goals. As a banking cartel, and in terms of the five objectives stated above, it has been an unqualified success.” ~ G. Edward Griffin, The Creature From Jekyll Island
It is not difficult to find confirmation of Scripture in creation, yet everything in and of this world seems to be aimed at convincing us otherwise.
The fact that the present economic system is evil, unsustainable, and dying, is yet another testament to the unbreakable nature of God’s Law in His creation.
As Christians, we have a duty to our Lord to seek and apply His truth, wherever it may lead.
As the fiat scam begins to fall to pieces more and more openly, those who benefit from it will act in an increasingly desperate manner in order to maintain their comfort, wealth, and control.
They will heap more and more of the consequences for their bad investments upon our shoulders.
They will force us into more and more State dependence.
They will take us into (even more) war(s).
They will do anything necessary to preserve the system…all while having their media propaganda outlets relentlessly inform us that it’s all for our own good.
I mean, if we don’t bail out these “too big to fail” businesses and banks, who’s gonna give the little people jobs so they can keep paying for the ever-increasing cost of food, life, and…bailouts?
See how this “works”?
This is the vulgar present economic reality that we have been called and equipped to confront and correct through the Gospel-fueled Great Commission (see: Matthew 28).
As the Euro and related fiat systems come apart at the seams, we should be the best prepared and most understanding as to why this is all happening. As the world and worldly shudder and quake in confusion and anguish over what is happening now and the much worse to come, we have been blessed with a wonderful opportunity and position from which to clearly, calmly, and boldly articulate and apply the whole Gospel of King Jesus to the realm of economics and all that it touches…which is pretty much everything in the material world.
So when the Euro or Yen or Dollar finally formally dies, we should be ready in every way…and make no mistake: That day is coming.
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© 2015 Scott Alan Buss – All Rights Reserved.
Soli Deo Gloria!