Pastor's Blog

The Fed’s activities since the market meltdown of 2008 have been dangerous in the extreme. The Fed is using all its power to drive the monetary base to unprecedented heights, creating trillions in new money out of thin air. From April 2008 to April 2009, the adjusted monetary base shot up from $856 billion to an unbelievable $1.749 trillion. Was there any new wealth created? New Production? No, this was the Ben Bernanke printing press at work. If you and I did anything similar, we would be called counterfeiters and be sent away for a lifetime in prison. (p. 8) Back on November 21, 2002, Ben Bernanke explained precisely what his views are, so perhaps there should have been no surprise. “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. governmen...

I want to give you some highlights from chapter one of Ron Paul's End the Fed . But first, some context and biblical perspective. The Bible has quite a lot to say about money. Much of it comes in the form of aphorisms (largely in the wisdom literature), in which we learn about diligence leading to prosperity (Prov. 10:4; 12:27; 13:4), the wisdom of diversifying investments (Ecc. 11:1-2), the Lord repaying the generous man who gives to the poor (Prov. 19:17), avoiding the dangers of debt (Prov. 22:7), saving for future needs (Prov. 21:20), calculating the cost of projects (Lk. 14:28), etc. But there are also a number of commandments in the law, as well as instruction in the prophets, that have a direct bearing on the standard operating procedures of the Federal Reserve System. The Bible, in no uncertain terms, condemns dishonest money. You shall do no wrong in judgment, in measures of length or weight or quantity. You shall have just balances, just weights, a just ephah, and a just...