We hope this episode allows you to have a better understanding of the difference between money and currency and the need for the paradigm and lifestyle of cashflow. The following is an outline of today's conversation and a deeper look at the foundational principles of Biblical investing.
Review:
- We have fiat currency that violates the laws of money and is disobedient to God's mandate for "just weights & measures." (Deut. 25:15)
- Our fiat currency system is NOT an accurate information utility for investors and entrepreneurs (noise distorting the signal).
- Nothing new - empires always monopolize money throughout history.
- JP Morgan: "Gold and silver are money, everything else is just credit."
- The bible is not unaware of currency manipulation...
Investing in Uncertain Economic Times
Redemptive Economics
- Trust or Distrust God
- Steward (abundance) or Storehouse (scarcity)?
- Decentralize (Gen 1:28-29; Gen 11/12; Jewish diaspora; Holy Spirit ---> gospel)
- Generosity (production) or Greed (speculation)?
- Proverbs 11:24-28
- Proverbs 13:22 - "A good man leaves an inheritance to his children’s children,but the sinner’s wealth is laid up for the righteous. (RSV)"
- God favors a high velocity of money (velocity = how many times a dollar circulates through the economy in a given amount of time.)
- Redemption (value) or Retirement (consumerism)?
- Luke 12:13-21 (The Parable of the Rich Fool)
- Compare with Boaz - Ruth - kinsman redeemer
- Conclusion
- God spared nothing for us - redemption
- Pavilion illustration - gospel
Resources and Mentions:
The Scandal of Money - Gilder
The Ascent of Money - Ferguson
Honest Money - North
Biblical Economics - RC Sproul Jr.
Guide to Investing in Gold and Silver - Mike Maloney
