By Jeff Wehr
If the economy were like a poker game and all the chips fell into the hands of the few, then capitalism would be over. Tragically, in the economic bailout, to whom did the Federal government and the Treasury give all the chips? They gave it to the big banks, namely, the ones who already have most of the money. This is not a question of big government versus limited government, or Republican versus Democrat, or Keynes versus Friedman. Free market capitalism needs many people with chips.
The idea that Wall Street bankers are “too big to fail” will fail the U.S. economy. Big financial institutions do not produce anything. They do not make cars or mouse traps. Yet, they gobble up nearly forty percent of the country’s profits. This kind of greed is not sustainable. The people who need to be in control of most of the money are those who grow businesses that produce things for the consumer market. They need the monies to expand and hire workers. If most of the profit goes to high interest charging financial institutions, there will be no way of seeing the economy recover.
We need to go back to a time when banks only accounted for about ten percent of the economy’s profits, not the current forty percent. Leave most of the profits with those who take the risks to start businesses and to expand them. Let monies be invested in worker training programs so that we can produce better goods and services for our nation and the world.
But the Bible is clear; fewer and fewer will control the world’s wealth, which will lead to a worldwide economic collapse. “The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing. . . And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning. . . For in one hour so great riches is come to naught. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, and cried when they saw the smoke of her burning.” Revelation 18:15, 9, 17.
Rome has studied how to acquire the world’s wealth. No doubt she is heavily invested in the banking system of the world. The rich men and the kings are all tied into her. They have all become so wealthy in the things of this world. But in the end, all these worldly possessions will come to naught. Worse yet, they are lost eternally.
Dear reader, be rich in those things which are above. Do not seek for that which will perish, but for those things which shall not perish.