“For the love of money is a root all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” 1 Timothy 6:10
Do not overcomplicate this. Just think!
You have the power to create money, yet you are in debt? How is that possible? If you had a money tree in your back yard, would you sell it?
This is the beginning of understanding our cancer, and we are only treating the symptoms. There are many theories, some conspiracy. At the root is the love of money fueled by envy and selfish ambition.
Jesus overturned whose tables?
Envy and Selfish Ambition
If there is a lot of money, prices go up. When money is short, prices go down. Where does the money go when it’s short? Where does it come from when there’s plenty?
When it’s plentiful, the money comes from loans. When money is short, someone stopped offering as many loans or started charging more for those loans.
So, if I were evil and greedy, and had control of the money, here is what I would do. I would offer to loan money at low rates. People would borrow to buy stuff; houses, cars, land, buildings, and even stocks. As long as I did this, prices would continue to rise. The money I loan actually has very little value, but what it buys does. I really want the stuff.
Now, I raise interest rates to borrow new money. In some cases, I offered to loan them the money at a really low rate, with the understanding that if interest rates go up, I can raise the rate I’m charging them. Money is now tight or too expensive to borrow. You can’t afford the new interest rate, you default, and now I have the stuff.
Some Things to Think About
- Your government can create money, but is in debt. That make sense?
- If the government isn’t creating money, then who is?
- Houses, cars, companies, and other property are the collateral to back up most loans. What is the collateral on a student loan?
- What can we do about it?