Tag Archives: federal reserve

The Holy Spirit and the Federal Reserve

What we believe is fundamental to and acts as the primary influence on our behavior. As I contemplate on my own life and the lives of those that I lead (family, church, and other influences), I can’t help but observe behavior that I find contrary to what I/we say that we believe. Why is that?

I now turn to the current state of the economy to help us flesh this out. I am not an economist (nor am I the son of an economist), however, there are some basic principles of our current financial system that most of us understand (I often wonder about our politicians, however).

Until the U.S. effectively went off of the Gold Standard in 1933, any printed money was simply a “promise to pay”, or promissory note. That meant that you could exchange that printed money for a predetermined amount of gold or “real money”. Prior to 1933, if someone were to hand you a $100 bill, you might say it was “good as gold”. Possessing that $100 bill (especially prior to 1933), could effectively cause your behavior to change, and rightfully so, even though you have never, and probably never planned on seeing any gold. Today, it is significantly more complicated and much more “hi-tech”, but I still dare to say that possession of a $100 bill could still substantially change your behavior.

You see, a true promissory note differs from an IOU in that the lender can effectively call the “note” due at any time and it has no maturity period. It is not necessarily an acknowledgment of a debt but in fact a true promise to pay at any time (at the choosing of the one who holds the “note” or promise). You see, God does not “owe” us anything, but in fact has given us all things that pertain to life and godliness through His Spirit (2 Peter 1:3). His promises to us are spiritual certainties (2 Cor. 1:20), though in our flesh we may not have full understanding or “sight” right now (Heb. 11). He is simply waiting for us in faith to “cash in” on what He has already promised.

I say all this to make a point. Of course any promise of God is far more trustworthy than any denomination of money. However, often we don’t behave that way. The Scripture tells us that if we walk in the Spirit, we will not fulfill the lust of the flesh, and that where the Spirit of the Lord is, there is liberty. If we truly believed this, our lives would be much more extraordinary. We would exhibit a freedom and power that this world would find contagious. All that is required is that we have faith enough to “cash in” on God’s promises and put a little more faith in the Scripture than we do in good ‘ole “Uncle Sam”. Our lives and the lives of those around us will be radically changed if we do.

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