Hello,

All this banking system what exist today scam and steal from people like never before and it planned print trillion of dollar what is backed up by nothing and go deeper and deeper into dept in USA. We can assume it someday will end bad for most people what is no wealthy today and can't invest much in things with store of value.
But anyway we prob no want go deep into why today world economic is so bad with 1% holding 98% wealth. (or close to it)
I want ask maybe someone can share more about how banking system, money, currency is based in bible and other holy books more precise.
I believe there is some religions who use only gold and silver as money and not even talk about currency while it going from quality money (gold/silver) to quantity money (Going away from gold and silver and printing/creating worthless money from paper/copper what is not backed by anything but faith it have value in society) and back (with financial crises what steal from theses who already have no much money) over and over in history.
I want ask if religion use also non silver/gold/resources what can't be printed/created very cheaply currency in it? Is there any banking system explaining/advice from religion side?
Thanks.

It's a common argument, fueled along via Zeitgeist and the internet libertarians. I don't know why this topic is in RGT.

People who advocate the gold standards usually overstate its advantages, and they downplay its disadvantages. It's true that a gold standard keeps inept economical policies in check, but it also limits informed economical policies.

A very good analogy is having a chain around your ankle. Proponents will argue that it stops you from getting lost, but they will forget to mention that it will limit your movement.

I am really not arguing for any side and not part of any religion.
But anyway it seemed RGT thread because it seem where i can gain most information/arguments from both sides.

You have point here tame_deuces about limit of movement, love to hear more opinions and information.
I can assume from tame_deuces post that there is only gold/silver/solid resources mentioned in religion books and other resources?

I'm no expert on monetary history, but the religions that are usually discussed on this board are the Abrahamic ones. Reference to money in those (Quran, Torah, Bible) I suspect are mostly commodity money - that is money whose value come from the material they are made of.

This is not the gold standard, which is a form of representative money. Ie the "unit of money" represent a specified portion of stored gold. FIAT-money (which is what we use today) by comparison represent a guarantee of being able to provide goods and services to that value from the issuer.

I don't know of the other religions, but I know in Christianity one often quotes Matthew 22:21 "Render unto Caesar the things that are Caesar's, and unto God the things that are God's" to argue that economic policies are the domain of politicians and politics, not theological debate.

U can see where we are today with guarantee of issuer lol. (what nowadays for most important currency USD is private person/s what own FED)

Does it mean that religion suggest to not get educated about economics and with that connected things happening around (and get more involved into it) and leave it to politicians?
If yes, religion basically suggest be ignorant about theses things what is important to be capable to protect yourself from government/banking sector stealing and scamming and focus more on religion? Does bible reading somehow show you that only theses things what is mentioned there as money have store of value and today "money" don't? Or it same chance as reading any other book where was used currency with store of value?

It depends on your perspective of things. It's true that there has been an recent economic downturn, but people haven't been starving to death on a mass basis - so in that regard this economic crisis is preferable to most of the ones we have had in the last 300 years. And then I am only speaking of the peacetime ones.

I mean numbers can be meaningful, but ultimately the true measure of any economic situation is if you have food and shelter. Debt is preferable to death.

People generally don't recognize how many severe financial crisis there have been in the past, instead they focus primarily on the "bad now" and "good then". Boom and bust cycles have historically been a problem for peacetime-economies with few means to influence the economy, which is a very decent argument against the gold standard.


I can't speak for Christians since I am not one, and I also sure they differ on this interpretation. But my understanding is that this is not how the passage is typically interpreted at all. As I said the passage is often interpreted as the matters being political issues, not theological issues.

That doesn't mean these Christians can't engage in those politics, and I suspect many do.

I prefer focus on next crisis what should be suspected be biggest in history because biggest debt worldwide and almost all world currency's being fiat-currency and with every month more countries/banks try stay away from USD and not buy america debt anymore.


You have point here.

Debt is a problem, but it isn't the most immediate of problems. To again use an analogy; The US is, for good and for worse, the plow horse of the world's economy. Plow horses don't get killed for food as long as the production can keep you alive.

It's when (or if) the world's economy dependence on the US starts dropping that Americans should really start to worry.

Krabis, I think you might be interested in the following,

http://forumserver.twoplustwo.com/sh...52&postcount=1

There is an informal money transfer system known as Hawala

-The financial system known as Hawala "has its origins in classical Islamic law and is mentioned in texts of Islamic jurisprudence as early as the 8th century Hawala itself later influenced the development of the agency in common law and in civil laws, such as the aval in French law and the avallo in Italian law"