1. 2 3 James 5:1-9 Go to now, ye rich men, weep and howl for your miseries that shall come upon you....
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Transcript of 1. 2 3 James 5:1-9 Go to now, ye rich men, weep and howl for your miseries that shall come upon you....
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James 5:1-9
Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
Ye have heaped treasure together for the last days.Behold, the hire of the laborers who have reaped down
your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of Sabaoth.
Ye have lived in pleasure on the earth, and been wanton
But behold now, the judge standeth before the door.
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Prophecy of the Last Days
• 1874
• Plagues
• Time of Trouble
• Battle of Armageddon
• Destruction of Christendom
• Upheaval of Society
• Vol 4 – “The Cries of the Reapers”
“And this mixed system – church and state – the Church nominal wedded to the kingdoms of this world, which the Lord calls Babylon, confusion, presumes to call itself Christendom – Christ's Kingdom.” A254
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Zeph 3:8
Therefore wait ye upon me, saith the LORD, until the day that I rise up to the prey: for my determination is to gather the nations, that I may assemble the kingdoms, to pour upon them mine indignation, even all my fierce anger: for all the earth shall be devoured with the fire of my jealousy.
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Questions to Answer
• Most Stable Element?
• What happened to them?
• How did it happen?
• Were they alone?
• Did politicians/kings know what was happening?
• Could they fix it?
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Questions to Answer
• Who did it to them?
• How did the monetary system work?
• What was the ultimate result?
• How did this affect Christendom?
• Was there an up-side?
• Was there “justice” in this?
• What about today??
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Most Stable Element
• Farmers - Agriculture
• Create value
– land and labor
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Food
GrainGrain VegetablesVegetables
MeatsMeats FruitFruit
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Clothing
FlaxFlax
WoolWool
CottonCotton
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Duke of BerryFrance
Book of Hours
1405
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Most Stable Element
• Farmers
• Create value - land and labor
• Food, clothing, etc.
• Independent of city strife
• Not rich – but stable
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Time of the End (1799)
• Changes coming
• Wars – draft
• Education
• Industrial revolution
• New ideas
• New opportunities
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To and Fro
• Train
• Barge
• Ship
• International trade
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Trains & Barges
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Sail to Steam 1870’s
1877
Cutty Sark
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Farm Exports - To and Fro
• Cotton, wheat, etc.
• International trade
• International competition
• Europe, Argentina, India, Australia, Russia, Pakistan, China, etc.
• Markets & prices linked
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US vs Europe
• US – large farms – family owned
• Europe – Small farms – rented
• Crop sales livelihood
• 1873
– Prices good
– Sales good
– Life good
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Farm Trade -1873
SellCrops
ReceiveSilver Money
InternationalPriceBuy
Equipment
GrowCrops
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1874 - Changes
• Prices fall
• Later… plummet
Country Years Price Drop
US 1873 – 1896 53%
England 1873 – 1894 61%
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Wheat Prices
$0.56
$1.20
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1878 1896
53%
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Cause??
• Over production??
• Mr. Robert Lindblom - CBT
Year Million Bushels
Change
1883 1,565 -
1893 1,479 Down 5%
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Manipulation
of the
Money Supply
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Money & Value
Good & Services
Money Supply
PriceStability
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Money & Value
Good & Services
PriceStabilityInflation
Money Supply
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Spain 1500’s - Inca Gold & Silver
• Gold = 181 tons
• Silver =16,800 tons
• Europe
• Same GNP
• Inflation!!
• Prices rose!!
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Money & Value
PriceStability
Deflation
Money Supply
Good & Services
PricesFall !!Depression
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When Money is Scarce
• Deflation - Depression
• Prices Fall
• Bankers – Lenders
– More profits !!!!
• Farmers – Borrowers
– Harder to repay
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Fund Civil War – Paper Money
• Lincoln - 1862
• Print Legal Tender
• $450,000,000
• “Inflationary”
• 1866 Contraction Act– Remove Greenbacks
“Greenbacks”
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Money in Circulation1866 - 1886
600400
1300
1800
0
500
1000
1500
2000
1866 1867 1876 1886
Millionsof
Dollars78%
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Long Depression
• 1873 – 1896
• Restitution – goods & services
– GDP UP 6% per year
• Money supply – lagging
– Prices fall 1-3% per year
– Unemployment 20-30%
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1873 - What was Money?
= = $1
Silver Dollar
Gold Dollar
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Money Supply ????
Gold Rush
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San Francisco Mint - 1879
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1897 Long Depression Ends
• Klondike Gold Strike - 1897
• South African Gold
• Cyanidization = gold x 10
• Money supply UP
• Prices stabilize!!
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But NOT for Farmers!!
• Hardest hit
• Prices still down
• US & Christendom
• Why ? ? ? ?
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Gold & Silver Standard
• Est. 1792 – Alexander Hamilton– Bimetallic Standard– 16 oz silver = 1 oz gold– By law
• 1873
• $1 coin = $1 gold or $1 silver
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1874• Coinage Act of 1873
• No more silver dollars
• Silver demonetized
• Not legal tender
• Silver commodity
• Silver value floats
• Demand down
• Silver prices drop
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Value of 1 Oz. Silver
$0.00
$0.50
$1.00
1870
1873
1876
1879
1882
1885
1888
1891
1894
1897
1900
1903
1906
1909
1912
1915
1918
1873$1.30
1896$0.68
Long Depression
48% Drop
1914
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Why Demonetize Silver?
• Manufacturer
– Buy raw materials
– Sell mfg goods
• Mfg Monopoly
– Buy low
– Sell high – name your price
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England
• Textile Monopoly
• Buy Cotton – farm products
• Sell Cloth & Clothing
• Demonetized Silver – 1816
• Buy cotton – silver
• Sell cloth – gold
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Relative Share of Manufacturing
UK
US
France
GermanyItaly
Russia
HabsburgEmpire
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
Country
%
1750YEAR
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43
Relative Share of Manufacturing
UK
US
France
Germany
Italy
Russia
HabsburgEmpire
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
Country
%
1800YEAR
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Relative Share of Manufacturing
UK
US
France
Germany
Italy
Russia
HabsburgEmpire
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
Country
%
1830YEAR
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45
Relative Share of Manufacturing
UK
US France
Germany
Italy
RussiaHabsburg
Empire
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
Country
%
1860YEAR
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Relative Share of Manufacturing
UK
US
France Germany
Italy
RussiaHabsburg
Empire
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
Country
%
1873YEAR
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Manufacturing Competition??
• Competitors - sell for silver or gold
• Undercut England
• What to do??
• Make competitors demonetize silver too!!
• Keep gold prices high
• Make silver cheaper
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Switch to Gold Standard1871 Germany1873 Belgium1873 Italy
1873 Switzerland1873 USA1874 Scandinavia
1875 Denmark1875 Holland1875 Norway1875 Sweden
1876 France1876 Spain1879 Austria
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Cries of the Reapers50¢ on the Dollar
Receive
Silvercommodity
Sell
Silver
Receive
GoldMoney
Manufactured Goods
GrowCrops
Sell
Crops
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To Stay Competitive
Wooden Plow1700’s
Steel Plow1850’s
Iron Plow1820’s
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Horse Power (1870)
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Steam Power (1880’s)
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“Cries of the Reapers”Demonetization of Silver
• American – hard
• European – devastating
• Shook Christendom
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Did Politicians Understand?
SENATOR THURMAN:"When the bill was pending in the Senate we
thought it was simply a bill to reform the mint, regulate coinage and fix up one thing and another, and there is not a single man in the Senate, I think, unless a member of the committee from which the bill came, who had the slightest idea that it was even a squint toward demonetization."
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55
Did Politicians Understand?
SENATOR BECK:
"It (the bill demonetizing silver) never was understood by either House of Congress. I say that with full knowledge of facts. No newspaper reporter--and they are the most vigilant men I ever saw in obtaining information--discovered that it had been done."
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56
Did Politicians Understand?
Col. R. G. INGERSOLL:
"I do ask for the remonetization of silver. Silver was demonetized by fraud. It was an imposition upon every solvent man, a fraud upon every honest debtor in the United States. It assassinates labor. It was done in the interest of avarice and greed, and should be undone by honest men."
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57
Did Politicians Understand?
SENATOR VANCE:"The power of money and its allies
throughout the world have entered into this conspiracy to perpetrate the greatest crime of this or any other age, to overthrow one-half of the world's money and thereby double their own wealth by enhancing the value of the other half which is in their hands.
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58
Did Kings Understand?
Prince Bismarck:"I am too old to go to school over the
currency issue, but I recognize that, although I acted in 1873 on what I regarded as the best advice, my action was too precipitate in view of the results which have followed.
"The one class that we cannot afford to estrange is the farming class.”
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59
Was There Help??
• Bland Allison Act – 1878
• “Remonetize” Silver
• Mint Silver dollars
• Not legal tender
• Not worth $1.00
• “Morgan” dollars
• By Gov’t only
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60
Silver in US Silver Dollar
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.201
87
0
18
73
18
76
18
79
18
82
18
85
18
88
18
91
18
94
18
97
19
00
19
03
19
06
19
09
19
12
19
15
19
18
1873$1.00
1896$0.52
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61
Bland-Allison Act Result
• Increased money supply
• Helped deflation
• No help to farmers!!
• Foreign silver
– commodity in US & Europe
– 50 cents on the dollar
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62
Sherman Silver Purchase Act 1890
• Buy/mint more silver
• Issue notes
• Redeemable – silver or gold
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63
Sherman Silver Purchase Act 1890
• Speculators - redeemed for gold
• US Gold supply threatened!!
• Scandal – repealed!!
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64
Cross of Gold Speech
William Jennings Bryan
1896 D. Pres. Candidate
“You shall not press down upon the brow of labor this crown of thorns, you shall
not crucify mankind upon a cross of gold.”
But – too late!!
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65
Who did this??
• Financiers of England
• Coinage Act 1873 – bribery
• Europe – 1871-1879 - influence
• Showed – ignorance of Kings/politicians
• Pawns to financiers
• Spread distrust of Kings & “Divine Right”
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66
What Good came of this??
• Wealth to English Financiers
• Rothschilds, Montefiore, Hirsch
• R41 - Baron Rothschild – lends Turkey ($40 million Gold) - Palestine security for loan.
• Rothschild, Hirsch, Montefiore – millions for schools, industry, communities, land infrastructure, etc.
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67
Justice in This??
Jews in Christendom
– Persecuted
– Killed
– Robbed
– Expelled
– Again & again & again…
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Year Place 554 - - - - - Diocese of Clement (France) 561 - - - - - Diocese of Uzzes (France) 612 - - - - - Visigoth Spain 642 - - - - - Visigoth Empire 855 - - - - - Italy 876 - - - - - Sens 1012 - - - - - Mainz 1182 - - - - - France 1182 - - - - - Germany 1276 - - - - - Upper Bavaria 1290 - - - - - England 1306 - - - - - France 1322 - - - - - France (again) 1348 - - - - - Switzerland 1349 - - - - - Hielbronn (Germany) 1349 - - - - - Saxony 1349 - - - - - Hungary 1360 - - - - - Hungary
History of Jewish ExpulsionsYear Place1370 - - - - - Belgium 1380 - - - - - Slovakia 1388 - - - - - Strasbourg 1394 - - - - - Germany 1394 - - - - - France 1420 - - - - - Lyons 1421 - - - - - Austria 1424 - - - - - Fribourg 1424 - - - - - Zurich 1424 - - - - - Cologne 1432 - - - - - Savoy 1438 - - - - - Mainz 1439 - - - - - Augsburg 1442 - - - - - Netherlands 1444 - - - - - Netherlands 1446 - - - - - Bavaria 1453 - - - - - France
Year Place1453 - - - - - Breslau1454 - - - - - Wurzburg 1462 - - - - - Mainz 1483 - - - - - Mainz 1484 - - - - - Warsaw 1485 - - - - - Vincenza (Italy) 1492 - - - - - Spain 1492 - - - - - Italy 1495 - - - - - Lithuania 1496 - - - - - Naples 1496 - - - - - Portugal 1498 - - - - - Nuremberg 1498 - - - - - Navarre 1510 - - - - - Brandenberg 1510 - - - - - Prussia 1514 - - - - - Strasbourg 1515 - - - - - Genoa
Year Place1519 - - - - - Regensburg 1533 - - - - - Naples1541 - - - - - Naples 1542 - - - - - Prague & Bohemia 1550 - - - - - Genoa 1551 - - - - - Bavaria 1555 - - - - - Pesaro 1557 - - - - - Prague 1559 - - - - - Austria 1561 - - - - - Prague 1567 - - - - - Wurzburg 1569 - - - - - Papal States 1571 - - - - - Brandenburg 1582 - - - - - Netherlands 1582 - - - - - Hungary 1593 - - - - - Brandenburg, Austria 1597 - - - - - Cremona, Pavia & Lodi
Year Place1614 - - - - - Frankfort 1615 - - - - - Worms 1619 - - - - - Kiev1648 - - - - - Ukraine 1648 - - - - - Poland 1649 - - - - - Hamburg 1654 - - - - - Little Russia (Beylorus) 1656 - - - - - Lithuania 1669 - - - - - Oran (North Africa) 1669 - - - - - Vienna 1670 - - - - - Vienna 1712 - - - - - Sandomir 1727 - - - - - Russia 1738 - - - - - Wurtemburg 1740 - - - - - Little Russia (Beylorus) 1744 - - - - - Prague, Bohemia 1744 - - - - - Slovakia
Year Place1744 - - - - - Livonia 1745 - - - - - Moravia 1753 - - - - - Kovad (Lithuania) 1761 - - - - - Bordeaux1772 - - - - - Deported to (Poland/Russia)1775 - - - - - Warsaw 1789 - - - - - Alcace 1804 - - - - - Villages in Russia 1808 - - - - - Villages & Countrysides (Russia) 1815 - - - - - Lubeck & Bremen 1815 - - - - - Franconia, Swabia & Bavaria 1820 - - - - - Bremen 1843 - - - - - Russian Border Austria & Prussia 1862 - - - - - U.S. under Grant's Jurisdiction 1866 - - - - - Galatz, Romania 1880s - - - - Russia 1891 - - - - - Moscow……
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Flow of Gold
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70
Precedent – Joseph to Exodus
…when ye go, ye shall not go empty… ye shall spoil the Egyptians. Exo 3:21-22
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71
Jeremiah 16:14,15
• … it shall no more be said, The LORD liveth, that brought up the children of Israel out of the land of Egypt;
• But, The LORD liveth, that brought up the children of Israel from the land of the north, and from all the lands whither he had driven them: and I will bring them again into their land that I gave unto their fathers.
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72
After Great War
• Failed monetary policy– Great Depression– German hyperinflation– World War II
• After– Marshall Plan – help enemies– Better monetary policy– Gold standard gone
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73
What backs money today??
• Not gold!!!
• Candy bars, cars, clothes, hotel rooms…
• Whatever you buy!!!
• GNP/GDP measured
• Money supply regulated
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74
Cries of the Reapers James 5:1-9
Behold, the hire of the laborers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of Sabaoth.
Ye have lived in pleasure on the earth, and been wanton
But behold now, the judge standeth before the door.