Faithful Finance - Part 7

June 27, 2025

Hope Alive: Applying God’s Word to Your Daily Life

Faithful Finance - Part 7

I am Chad Harrison, and I am the teaching pastor of Lake Community Church and had been serving as a pastor for 25 years. I'm also a practicing attorney. This podcast is designed to help you study God's word and find God's will for your life. The purpose of studying scripture is that you might know the character of Jesus Christ, and that you might see the world from the Father's perspective. That you gain wisdom that changes your life. I pray in the name of Jesus right now that God would open His word to you and allow you to see Him and to know Him. To know His will, that you might glorify Him and that you might walk in faith and power each day, especially today. In Jesus name.

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Transcript

This is Chad Harrison, and you're listening to Hope Alive, Applying God's word to your daily life.

As we finish the book of Deuteronomy, we're going to step aside for a few weeks and publish a workshop I did in August of 2024 called Faithful Finance. In that workshop, I explained our current economy, our current financial situation,

and did it from an economic background and a historical background, and most importantly, did it from a biblical perspective. In that workshop, you're going to find out why we are where we are as an.

As a nation, as far as our economy and what we should be looking at and why we should be looking at it for the future. Not only for the future of the finances of individuals, but the future of the finances for our churches and for our country.

And so I would encourage you to just spend some time listening. Even though it is being published here a year later,

it is still true and it is still current. For today.

All great empires take their currency and they do not leave it uniform.

They begin to debase it.

Now you say, and I may. May have it on my list to talk about it further. But while we're here, you go, well, why do they do that? Why would we do that?

Well, I'm going to tell you why I do, why I would do that.

If I increase the money supply by 3%,

but everybody else in the country treats the dollar today as the same as the dollar last year,

then I have taken a 3% tax on every dollar that exists from the people. I've taken 3% of its value from them and made them think that they had the same thing.

Now, I want you to hear me.

That doesn't hurt people who have other forms of.

Of value.

Their, their. The value of their assets is invested in things that are not currency.

You know who it hurts the worst?

It hurts the poor people the worst.

Okay? And this is why.

If I work for $10 an hour today and next year you debase the currency by 3%,

then next year I'm working for $10 an hour, but it's only worth $9 and 70 cents.

So who have I stolen from?

I've just stolen from the poor.

I've stolen from the laborers.

And who are the laborers? The laborers are the people who derive their value, Their, their.

Their wealth, their riches from the product of their labor.

So it's a great way to steal from the lower people.

Historically, in our economic system, the United States has lived off of a 3% average 3% debasement of currency that has slowly grown in the last 20 years, there have been many years where the debasement of currency has been anywhere from 10 to 15%,

which means the government was spending not only more than they brought in, but they were taking from people in the value of currency that couldn't afford it at a rate of 10 to 15%.

That's why five years ago, you could go to a grocery store and buy a grocery basket full and pay a hundred dollars for it.

Now you buy the same basket and it's 250, $300,

because currency's been debased at that rate.

All right?

It is. It is the death of an economy,

okay? It's the death of an economy.

It's got to be durable. Go back one.

It's got to be. It's got to be uniform. It's got to be scarce,

which is deals with that debasement. Also,

same supply,

meaning there's a set supply of it.

Okay? There's a set supply.

Bitcoin. There's only ever going to be 21 million of them. That's all that'll ever exist.

All that can exist can't be made. It's in the protocol. No way we change protocol is to get millions and millions and millions of people who have these computers that keep the protocol alive to change the protocol against their best interest.

Which means,

will you please Change it to 40 million and take half of what you got?

How many people who have bitcoin or run those computers that maintain bitcoin and they make their money off bitcoin are going to be willing to do that? I'm going to tell you, not many.

Not many.

We're going to get to Satoshi in a little bit, okay?

I don't know why he came up with 21 million, but it's a great. It's a good number. You know, if the number's 21,000, 21,

remember, it's 21 million Bitcoin and 100 million Satoshis for every bitcoin, meaning I can divide it by point to the nine figures behind it,

okay?

You can own point eight zero one satoshi. It's intensely divisible. It's intensely portable. It's intensely uniform. It is the same thing.

But the one thing that it's not yet that doesn't make it the purest form of currency is its acceptability by everyone.

All right?

And you go, well, why isn't acceptable yet? Because it's technology. And technology takes time. And we're going to talk about that in just a minute, okay? Technology takes Time to become acceptable.

It just takes time for that to happen.

By the way,

the dollar is becoming less and less acceptable.

There's nations around the world that are trying to get. Try to get, get off of the dollar.

They call them the bricks.

And they're a weird group of people.

Okay, you've got a Muslim country,

a Muslim,

not empire, but a Muslim kingdom,

Saudi Arabia.

You've got Brazil, which is a capitalist country. You've got Russia, which is a oligarchy.

You've got China, which is communist.

You've got India, which is just a lot of people.

Just a lot, a lot of people,

but also a democracy.

All of them huge nations, huge economies trying to get off the dollar. Why?

Why are they trying to get off the dollar? It's been so good to us.

Well, they're trying to get off the dollar because it is not acceptable anymore because they keep printing too much of it.

Now people say, well, how? What are they going to do? Well,

what do you do when you get two democracies,

one oligarchy,

one communist state and a kingdom together to figure something out?

The answer is they're not going to do anything. But eventually,

necessity creates technology.

Now you need to hear that necessity creates technology.

If something becomes so unacceptable that nobody wants it, they're going to look for something that is acceptable.

And so that is the key to acceptability of anything.

If I cannot accept this anymore,

then I must have something that is acceptable.

So I must have a technology,

a government, a way of doing things that's different.

Does that make sense to you?

All right,

Paper currency is what we came up with.

All right? We're here today at paper currency.

Now, a lot of people say, who wants some satoshis?

I didn't like Yamahas. Why am I going to take some satoshis? Now, you know, people come up with, you know, there's all kinds of, you know, we ain't never done it that way,

right?

Why are we going to go off? I like the George Washington $1 bill. That's what, you know. You get that, right? How many of y' all ever had anything but The George Washington $1 bill?

Anybody?

Huh?

Well, you didn't. I'm sorry, you didn't.

You didn't.

Everybody who grew up in America had had the $1 bill, right?

Can I read y' all some stuff,

some really good stuff about the currency of the $1 bill.

Let's start with the person who's on the $1 bill. Can we do that?

George Washington says this.

He said to Thomas Jefferson In a letter on August 1, 1786.

Paper money has the effect in your state,

meaning Virginia,

that it will ever have to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.

That's not a positive view of it.

That's the stuff you've been working on.

But if you think, well, that's strange, let's go to the person on the $2 bill. What, what about that? That's Jefferson. That's the one he wrote the letter to. Jefferson says paper is poverty,

in turn observed in 1788. And I sincerely believe with you, this is the letter back to Washington, that banking establishments are more dangerous than standing armies and that the principle of spending money to be paid by posterity under the name of funding is but swindling futureity on a large scale.

I mean, stealing from those that come behind you.

Okay, notice that was written 250 years ago and I can't read it all right?

Because English changes, right?

Alexander Hamilton. He's on the 10 and the. What used to be the thousand dollar bill,

okay? We don't have 500 and $1,000 bills anymore. Why? Because there's too much power in it.

America's first treasury secretary warned to omit an unfunded paper as the sign of value, meaning a paper that is not backed by anything as a sign of value ought not to continue a formal part of the Constitution.

By the way, he's the author of the Constitution,

am I right, Brett?

He wrote the Constitution. What he's saying is, is that paper money that's not backed by anything should not be a part of this process,

meaning America,

nor ever hereafter to be employed, being in its future pregnant with abuses and liable to be made the engine of imp and fraud,

holding out temptations equally pernicious to the integrity of government and to the morals of the people. Translated bad.

Bad.

Unfunded paper currency,

bad.

But we had a great president who did that for us, who made it un unbacked. One everybody loves and respects.

One that ought to be on Mount R for Rushmore.

Richard Milhouse Nixon.

You do realize he's the one that took us off of the gold standard.

If you put Richard Milhous Nixon in here as Alexander's expl's explanation of what happens when you take currency off the gold standard,

wouldn't he fit perfectly in this?

Wouldn't he?

By the way, he's Republican. Just letting y' all know, it's. It's a common thing with Republicans and Democrats. We're not this Is not political,

it's a problem.

James Madison,

he's on the $5,000 bill.

Y' all know there was one, there was, there was a reserve note, $5,000.

James Madison got to be on, on it. By the way, it was the biggest note, I think there might have been a 10,000 at one point in time.

Paper money is unjust,

it's unconstitutional.

For it affects the rights of property as much as taking away equal value in land.

That's the most straightforward way of saying it, isn't it?

He says paper money is unjust,

it's unconstitutional.

Its effects as to the rights of property which we know are our God given rights is as much a taking as just taking somebody's land from them.

So for all of those who say, well this is the way it's always been, not according to our founding fathers,

in fact,

they'd have had a problem with it.

And they did have a problem with it.

All of them,

all of them,

they wanted to stay in gold and silver.

They didn't want a paper money that represented gold and silver. They wanted people to use gold and silver.

That's why you have gold coins and silver coins from that time printed with the stamp of Lady Liberties on some of them. I've got all of them, I've got all the silver coins and some of the gold coins were produced back then.

They, they say they, they come from the United States. I've got coins, silver coins from England from that time period.

The Queen says this is good silver or the King says it's good silver and this pure silver.

Well,

listen to me when I say this, I'm using it in the broad sense because you need to hear this, because when I say this, you're going to think about the sweet ladies and gentlemen that work at the bank that you go to.

They're good folks, okay? I'm not talking about those folks. This is not what we're talking about. We're talking about the banks of the world and the governments of the world.

Can we trust them?

Okay,

they debase the currency,

they monetize the debt.

Now you go, what is the difference? Debasement of the currency is just printing more dollars. Monetizing the debt is basically taking an instrument, which would be a bond,

selling it to somebody else, saying it's worth this much when it's not.

So I take the debt and I monetize it. I make it into money that I use to pay for whatever I'm spending,

okay?

By the way, our bond market is in the most precarious position it's ever been in.

And if your bond market fails,

your economy fails.

By the way, if you're wondering why they're arguing, and it seems like conservatives,

liberals, Democrats, Republicans,

smart people, dumb people on tv, they're arguing over whether or not we ought to raise or lower the interest rate, and. And they're panicked about it. If you wonder why that's going on, because I always look and when I see, you know, Ocasio Cortez, who's an ultra left winger and one of the high right wingers,

and they agree on something,

that tells me there's a problem that they're talking about. That's an issue. And when they start talking about how we're going to handle our interest rates,

what they're really worried about is our bond market.

Because if our bond market fails,

then we're in default as a government which destroys the economy.

And so when you're listening to left wingers and right wingers, and they seem to be, some of them on the same page on this side, some of them on the same page on this side,

what you're listening to is people in a panic trying to figure out how to fix a system that is in many ways very, very precarious and broken.

You go, well, I've got FDIC insurance.

Well, that's fine if the government's working.

Or is it really fine if you've got $200,000 in the bank and the bank goes under and they print $200,000 and give it to you?

Is it really fine as you go today? I pray that the Lord will bless you and keep you, that he'll make his face to shine upon you, and that he will give you hope and peace today in Jesus name.