Zero Hedge, Daniel Lacalle: The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the causes of the widespread impoverishment of the middle class. Constantly increasing taxes and diminishing the purchasing power of the currency is wiping out the middle class in most developed nations.
Currency printing is not neutral, and it never is. It disproportionately benefits government and massively hurts real salaries and deposit savings. It is a massive transfer of wealth from savers to the indebted.
Readers may say that what needs to happen is to tax the rich and corporations and all will be solved. Why do you think that many of the ultra-wealthy are extremely happy with financial repression, issuing more currency, cutting rates and higher taxes? Because the net effect is positive for them and negative for you. Financial repression is a tool that makes it more difficult for the middle class to be richer and therefore wipes out private savings and any possible competition at the top.
The latest dogma is that tax cuts are negative because they boost inflation. However, it is yet another fallacy predicated on the idea that money is better off in the pocket of government. Read More …
Opinion: That one sentence needs to be repeated “the ultra-wealthy are extremely happy with financial repression, issuing more currency, cutting rates and higher taxes? Because the net effect is positive for them and negative for you.”
If you understand that, then you are far ahead of most people you know. When new money is created, it finds its way into banks who in turn invest it in stocks, bonds, and real estate, thereby boosting asset prices. Since the 1% have the most assets, the old adage the rich get richer, is on steroids.
The final book of the Bible has a lot to say about money and the 1%, in three economic events:
*The First Economic Event: Do not harm the oil and wine*
Revelation 6:5-6: The Black Horse Rider carries scales with which to measure the comparative value of money and food (Matthew 24:7b).
When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”
A quart of wheat, representing one person’s food for the day, will cost a day’s wages. But many will be forced to buy barley, a less expensive food usually used for animals. Three quarts of barley will also cost a denarius, but only the 1% will still be able to afford the luxury of oil and wine. Affordable access to economic commerce will be strictly limited.
Now the true picture of hyperinflation emerges, that a person will be forced to work a full day to have enough money to feed themselves for one day.
*The Second Economic Event: Mark of the Beast*
In Revelation 13, men and women will come to know the man who is Antichrist.
He is identified as the Beast from the sea (of humanity). His 10 horns depict his control of the revived Roman empire of Daniel 7:24, and he is now a world ruler with unimaginable power.
In Revelation 13:11 Antichrist is joined by a second-in-command known as the beast from the earth with ‘two horns like a lamb but spoke like a dragon’, a reference to something ‘like’ Christianity, but a counterfeit.
This is the False Prophet, who will be a powerful religious ruler in the same way ancient Roman emperors partnered with Pontifex Maximus to maintain pax deorum, peace with the gods. This man carries out the orders of the first Beast and causes all to worship him as god. He has the power to bring fire from heaven and to enforce the second economic event as prophesied in Revelation 13:16-17
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”
Even the 1% are ordered under pain of death to accept the mark, along with the common man. Now, global exclusion to economic markets is in place for non-participants of the Beast system.
*The Third Economic Event: Fall of Babylon*
The last 7 of the 21 Judgments, the most severe of them all, are poured out on a Christ-rejecting world in Revelation 16-18
The destruction of Babylon, the symbol for wealth excess, has come (Revelation 18:9-11):
“The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning.”
And the enormous wealth owned by the 1% is no more:
“And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore.”
Our paper “The 1% and Revelation: Do Not Harm the Oil and Wine” is on our home page under Bible Studies.