Possible Cause of Recessions & World Poverty

I received a video recently about the history and development of the World Banking system.  It was very interesting and intriguing because it states the  belief that the root causes of depressions and recessions throughout history are due to the decisions of a handful of profiteering individuals who control the world banking system.  They do this by expanding or contracting the money supply accessible to the population.

The video was made in 1996 predicting this future world financial crisis.   It may be worth watching and considering since our economy is in a present crisis.   However if it offers a possible solution to this World Financial Crisis and possibly Third World Poverty as well,  it could be worth investing that amount of time.  At the end of the video is a strategic plan for banking reform.  Even though these reforms pertain mainly to the USA the same principals could also apply to the main central bank in all other countries in the world.

After you watch it, why not it pass  onto your friends, especially those who may have an economics background to see what their opinion is.

You can watch this video entitled “The Money Masters” on You Tube at http://video.google.com/videoplay?docid=-515319560256183936.  You can also purchase your own copy at http://www.themoneymasters.com

If you feel the arguments are sound , the suggested solutions could be worth praying for.  Below are bible verses which give some biblical principals for possible banking reform.

The Bible on Usury

Definition of Usury: the taking of iniquitous or illegal interest on a loan.

Definition of Iniquitous:  unjust , scandalously unreasonable,  wicked

1.  Leviticus 25:35-37
    35 ” ‘If one of your countrymen becomes poor and is unable to support himself among you, help him as you would an alien or a temporary resident, so he can continue to live among you. 36 Do not take interest of any kind [a] from him, but fear your God, so that your countryman may continue to live among you. 37 You must not lend him money at interest or sell him food at a profit.

Footnotes: Leviticus 25:36 Or take excessive interest ; similarly in verse 37

2.  Exodus 22:25-27
25 “If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest. 26 If you take your neighbor’s cloak as a pledge, return it by sunset, 27 because that cloak is the only covering your neighbor has. What else can your neighbor sleep in? When he cries out to me, I will hear, for I am compassionate.

3.  Nehemiah 5:9-19   especially v 10-11
 I and my brothers and my men are also lending the people money and grain. But let the exacting of usury stop! . Give back to them immediately their fields, vineyards, olive groves and houses, and also the interest you are charging them-one percent of the money, grain, new wine and olive oil.”

4.  Ezekial 18: 5,8,9   
5 “Suppose there is a righteous man who does what is just and right…….

7 He does not oppress anyone, but returns what he took in pledge for a loan. He does not commit robbery but gives his food to the hungry and provides clothing for the naked.

8 He does not lend at usury or take excessive interest He withholds his hand from doing wrong and judges fairly between two parties.

9 He follows my decrees  and faithfully keeps my laws. That man is righteous; he will surely live, declares the Sovereign LORD.

1. The Year for Cancelling DebtsDuring the history of the Israelite people,  God commanded the  landowners and those in power to cancel the debts of all their subjects every seven years.  This was a common principal and practice,  so that the poorer members of society would not be enslaved by a yoke of debt. This was a reflection of God’s compassion mercy and justice to the less fortunate in God’s kingdom.1. Deuteronomy 15:1-2 1 At the end of every seven years you must cancel debts. 2 This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD’s time for canceling debts has been proclaimed.2.  Nehemiah 10:3131 “When the neighboring peoples bring merchandise or grain to sell on the Sabbath, we will not buy from them on the Sabbath or on any holy day. Every seventh year we will forgo working the land and will cancel all debts.

3.  Luke 7:41-42 – 41 “Two people owed money to a certain moneylender. One owed him five hundred denarii, [a] and the other fifty. 42 Neither of them had the money to pay him back, so he forgave the debts of both. Now which of them will love him more?”


Action to Prevent Recesssions : Perhaps we could pray and write a letter for world leaders to get together to support Barack Obarma to help him instigate essential legislation for banking reform of the Federal Reserve to succesfully get approved by Congress.  You can submit your opinions or suggestions to Kevin Rudd through his new website http://www.kevinpm.com.au/  Just scroll to the red section at the bottom of the home page.

Action:  To solve the Root Cause of Third World Poverty:  according to this economics video the root cause of Third World Poverty is that they are enslaved by insurmountable debt owing to a handful of  greedy corrupt individuals who control the  World Bank and the Banks of rich nations.  The reason that these banks have become so wealthy is that they create wealth by  being given the power by Congress, to make book entries out of thin air to create wealth for themselves.  They are also allowed to print and create legal tender -money and do this for a profit by being having a monopoly over this service.  They are not creating true value in any way.  This is ridiculous.  Hence a solution could be that all world leaders could band together to agree and legislate for the cancellation of Third World Debt.  This would be based on the biblical principal of cancelling debts every 7 years.  These poorer nations could then use their income to build up the infrastructure of their own economies.  After this time perhaps every 7 years any insurmountable debt incurred after a certain level should be cancelled.  This would continue to occur until their economy and living standards of the people reach a civilised level.  The rock singer Bono has already succeeded in lobbying the USA government to cancel a certain level of debt owing from poorer nations.   Why don’t we pray about the details of such a solution and in so doing we may be able to totally eradicate Third World Poverty.



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