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Impossibility of Gold Backed Currency

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Impossibility of Gold Backed Currency

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In this helpful sermon file, Pastor Emery discusses the problems with gold back money and the impossibility of achieving it. Through a creative play involving congregation members, he demonstrates the challenges of backing currency with gold. Explore the concept of interest-free and debt-free money, and delve into God's judgement on Israel as described in Ezekiel 6:7:8.

 

Example questions:

1. How does Pastor Emery use a play to illustrate the challenges of gold back money?

2. What are some alternative ways to back currency aside from using gold?

3. How does the discussion of interest-free and debt-free money tie into the overall theme of God's judgement on Israel in Ezekiel 6:7-8?

 

How does Pastor Emery use a play to illustrate the challenges of gold back money?

 

Pastor Emery uses a play involving congregation members to visually demonstrate the challenges of gold back money. In the play, he likely simulates a scenario where individuals attempt to obtain gold to back 100% redeemable paper currency. By engaging the congregation in this interactive exercise, Pastor Emery helps them understand the complexities and impracticalities of relying on gold to support the value of currency. This hands-on approach likely makes the concept more tangible and easier to grasp for the participants, highlighting the difficulties and limitations of implementing a gold-backed monetary system.

 

What are some alternative ways to back currency aside from using gold?

 

One alternative way to back currency aside from using gold is through the issuance of paper money by the Treasury, declared as legal tender for all debts public and private. This method relies on the government's authority and declaration to give value to the currency, rather than tying it to a physical commodity like gold. By stating that the paper money is acceptable for all debts and taxes, the government can establish the currency's value and facilitate transactions.

 

Another approach is to issue paper money backed by the government's promise to redeem it for goods and services, rather than gold. This system relies on trust in the government's ability to honor its commitments and maintain the currency's value through economic stability and sound fiscal policies. By ensuring that the paper money is redeemable for various goods and services, the government can create a functional medium of exchange without the need for a gold standard.

 

How does the discussion of interest-free and debt-free money tie into the overall theme of God's judgement on Israel in Ezekiel 6:7-8?

 

The discussion of interest-free and debt-free money ties into the overall theme of God's judgement on Israel in Ezekiel 6:7-8 by emphasizing the importance of economic justice and adherence to biblical principles. In the context of God's judgement on Israel, the concept of interest-free and debt-free money reflects a commitment to fairness, equity, and ethical financial practices.

 

By advocating for a monetary system that is free from interest and debt, Pastor Emery aligns with the biblical teachings on usury and debt forgiveness. The Bible prohibits charging interest on loans and mandates the cancellation of debts every seven years, emphasizing the importance of economic justice and compassion towards those in financial need.

 

Furthermore, the discussion of interest-free and debt-free money in the context of God's judgement on Israel highlights the connection between economic practices and spiritual values. By promoting a monetary system that is based on biblical principles of fairness and compassion, Pastor Emery underscores the significance of aligning economic policies with God's laws to ensure prosperity and well-being for all members of society.

 

Overall, the discussion of interest-free and debt-free money in relation to God's judgement on Israel serves as a reminder of the importance of ethical financial practices and the need to uphold biblical principles in economic affairs to promote justice, equality, and righteousness in society.

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Explained how gold can not back currency: 2 audio sermons, 1 PDF file that includes Bible verses, Quiz, Sunday school lesson

Explained how gold can not back currency: 2 audio sermons, 1 PDF file that includes Bible verses, Quiz, Sunday school lesson
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