Thoughts on the Banking Crisis

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Thoughts on the Banking Crisis

March 29, 2023

Recently SIlvergate bank, SVB, Credit Suisse, and First Republic Bank have either failed or received bailouts to stay afloat. We wanted to give our interaction with the root causes with these issues (which the LORD hates), and provide some thoughts on moving forward. Nothing we say is finacial advice but is solely our opinions on the matter based on scripture. Big thanks to Carter and Noah for joining me this episode!

Key Texts:

* Proverbs 28:8

* Proverbs 20:10

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Transcript

[Music] Don't think I will even ask you to make Jesus Lord of your life. That's the most preposterous thing I could ever tell you to do. Jesus Christ is Lord of your life.

Whether you serve him or not, whether you bless him, curse him, hate him, or love him, he is the Lord of your life because God has given him a name that is above every name so that the name of Jesus Christ every knee shall bow. In tongue confess that he is Lord. Some of you will bow out of the grace that has been given to you and others will bow because your kneecaps will be broken by the one who rules the nations with a rod of iron.

[Music] And I'll not apologize for this God of the Bible.

[Music] Welcome to the For The King podcast. Thanks for joining us today.

I wanted to start this episode off with a verse from the Bible because I'm a Christian. And I read that thing. Proverbs 20 verse 10.

Differing weights and differing measures, both of them are abominable to the Lord. It's the first verse. Second one I wanted to read, Proverbs 28.8. "He that by usury and unjust gain, increaseeth his substance or his wealth, he shall gather it for him that will pity the poor." So those are going to be foundational verses going into the topic today.

So not sure exactly what I'm going to title it currently as we're recording this. But the topic or the general direction of our discussion is going to be about the kind of banking crisis we're seeing and some of the things we're seeing in our financial system that is alarming. You know, and how Christians should think about that.

How should Christians think about finances and money and how do we kind of look pre-self-positionally at money and then move forward on how we think about the economy and financials and things like that. So I think these verses are teaching us that, you know, unjust gain, using money wickedly, dealing with money in an unjust manner, God hates those things and he stores those things up for the righteous, the people that are righteous with money. Yeah.

So do you guys have any introductory thoughts or kind of get into? Yeah, introduce us. Oh, yeah. Who's with me? See if you can guess.

Well, I got the boys. I got the normal. The Saturdays are for the boys.

So we're recording this on a Saturday. So I got Mela with me today and they're both smoking a little bit, smoking a little pipe. So if you hear some some flickering of the lighter, that's what's going on.

And I got Carter with me. Howdy. They are.

They're not being very talkative right now. It's your podcast. It's your podcast.

That's true. Well, maybe I can get you guys talking if I start bringing up some really atrocious evil things our society is doing. Right.

Maybe that'll stir you guys up. Yeah, that usually gets fired up. It usually does.

So banking crisis. We had Silicon Valley Bank, which is the second largest bank failure since the 2008 financial crisis. We had First Republic Bank, I think.

Credit Suisse all the way up in Switzerland. Silver Gate Bank. So we had quite a number of banks that have failed so far.

Q1. I think we're we're about to go to Q2. So we'll see what happens in these next couple of months.

But we're seeing some issues in our economy. You know, what's going on? What's the issue? Right. Well, we want to kind of push the narrative back a little further and talk about maybe some of the foundational issues that are leading to what we're seeing in the banking system.

That's called fractional reserve banking and even more so usury. Even at this point, like no reserve banking. Yeah.

Outer monetary policy. It's awful. Yeah.

Yeah. Banks are allowed to lend out nine dollars for every 10 bucks that they get. And then wherever they lend that, the person that receives that can lend it out again.

So it just you're basically making money out of thin air. Right. You're making you're making, you know, nine more dollars out of the nine lent dollars.

That person can now, you know, lend whatever 90 percent of that is. Not in a tangible way. Yeah.

But like in a way that only fiat really allows. Exactly. So, I mean, we have this fractional reserve banking system where you can basically just lend people's money out.

Some people's money out. And that's how we get our interest rates in our bank accounts and stuff. And, you know, we benefit from that.

But again, I want people to realize the benefit you get doesn't even come close to outweighing inflation or the way the government taxes us. Like there's all these things that we are like, oh, it's nice. Like we didn't have fractional reserve banking and I want to get my point one five percent interest right over bank account.

You know, it's like how would I ever make money? Well, you know, inflation is usually around two percent a year when they have it under control. It's about two. That's what they try to get is a two percent a year.

Right now it's at six. So them taking your money and lending it out, they're not doing right by you with your money. No.

And on top of that, your money is now being lent in spaces that you're not authorizing. You're just by giving it to them, you're saying, you know, you can't lend it, but it might not even be something you agree with or it might be riskier that you would have done. Right.

So they're profiting at our expense. Oh, yeah. That's all you have to say about that.

Yeah. I mean, it is what it is. It's going up.

Been going on for such a long time. It's become kind of normalized. Oh, yeah.

And that's why I think it's important, like you said, how to presuppose. Sorry, presuppositionally think about money. And yeah, it really is how it should be used and why it's so off.

I don't know. Maybe what we can do to try to recover that. Yeah.

So I think we need to start doing things that produce real value. I think that's kind of a good starting point. Like don't really think about, oh, I'm valuable because I have a lot of money.

It's like, well, are you valuable because you've provided a service that's invaluable to the community? I think that's where real wealth comes from. Most of the richest people in the world, they don't have just like a bunch of fiat currency, like dollars laying around. They have it all wrapped up in assets that have real world value.

So I think as Christians, we need to be thinking that way because the richy rich don't think that way. They're not like, how do I accumulate more dollars? They're not about dollars. It's more power now.

I mean, we see everything with the rise of the Rockefeller dynasty, how they used money through the oil industry to then pivot that into power and all these other institutions. And we're just seeing the effects of that today. It's power games.

Exactly. It does affect us. But we know that Christ is king.

He is redeeming the whole world. And that even means the financial system and the economy. Yeah.

So how is he doing that? I think he's teaching us. I mean, there's a lot of different. There's a lot of different teachings and scripts.

Like we just read a couple of the proverbs. There's a lot in scripture about not charging usury to your brother, not exacting interest on the poor. America is pretty much built on, I mean, crony capitalism, exacting interest on the poor.

I mean, we're capitalists. You know, like we're not against capitalism. We're definitely not socialists.

Let me get that right out of my mouth. Like we're not, you know, we're very conservative in our economics. But I think biblically when we think about economics, you know, economy starts in the family.

I think we've talked about it. I'm pretty sure we've talked about that before. But economy starts again from real tangible assets or value that's coming out of things that God made in his world.

Like real world things that have application. And that's why the family has to be the backbone of it and not the government because they don't create value. All the government does is regulate morals.

That's what Romans 13 and first Peter two is all about. All the government does is regulate morals and does not create value. So the fact that fiat currency is predicated on the assumption that the government can create value, they've already taken the mantle from the family, the economy from the family, and placed it in the hands of the Federal Reserve or the central bank or whatever.

So right from the get go, you're completely going against God's design because you're saying the government creates value and the government has never ever been where value comes from. And the scriptures. Fundamentally, God created when God created Adam and even put them in the garden.

They had a local economy that they would do work and get a produce, put in work in an output. And that's very very fundamental, but it's built into the fabric of our very nature as being the image of God. That we do take things that have no value in fashion then to create something that is beautiful and that has value.

Exactly. Yeah, I think that's huge. And what I want to remind people of is where the government gets their money from.

When we're talking about like, yeah, humans create value by doing work. The government doesn't do any work. The government.

I mean, the only work it does that we pay them for would be regulating morals, like I already said, regulating the behavior of people of your society. So the government can receive it doesn't create any value in and of itself. It doesn't do work in and of itself where it creates that value.

What it does is receive its value or its money or how it operates from three different sources, either a loan from another country. A well in a fiat based monetary system inflation or from taxes. Those are the three sources the American government gets its revenue from how it operates.

I think the other country loans are pretty self-explanatory. The whole global system is on the US dollar right now. And that's it's very tied to the oil industry just because oil is probably the heaviest most heavily traded commodity globally.

So I mean, you hear the petro dollar. I don't know all the technical terms as to why it's called that. But you know, it's backed on the dollar.

Yeah. So these global currencies have agreed to trade in the dollar because of the power of the system. Yeah.

So that one's pretty self-explanatory. This country's funding to another. We see we see China actually gaining a lot of influence by giving loans to other nations.

Like we're super into China. But like what I've also been seeing is like a lot of Africa as China coming in and building a lot of the infrastructure doing a lot of this stuff. It's not great because it robs the local people of that work opportunity and ability to create that value for their own system.

Exactly. Because the country doesn't for whatever reason don't think they can do it on their own. So then they will get a loan from another more, you know, some kind of patron nation to do that.

I'm sure the US does it as well. I mean, look at what we're doing in Ukraine. We're sending so much money there.

So it's just like, yeah, it's so that one's pretty self-explanatory. We can see that. And we know biblically that is authorized because God says you can lend money to the foreigner.

OK. So that's not our beef. And our beef is also not with taxes.

What's our beef with? Inflation and fiat. And that's I think where we're going to spend most of our time and critique. Oh, exactly.

Inflation and then fractional or no reserve. Exactly. And my point there is the government has no inherent value in and of itself.

It's only given value from what God has authorized it to do and what the people covenant with the government to do. So we've authorized our government under the Constitution. We the people that they can do these certain things.

And those are their tasks. And we give them taxes so they accomplish that tax. Now there are so many extra constitutional bureaucracies like the EPA, the CIA, the FBI.

The Marine Corps, the Army. Like a lot of the military branches are completely extra constitutional. Yeah.

And a lot of the environmental stuff. I even think the SEC and CFDC and all them are extra constitutional as well. So there there are these now massive amounts of bureaucracies that we now pay them to do.

Yeah. Not not elected. Not elected officials that have more probably do more and impact our lives way more than most of our elected officials.

So that's why taxes are so high. We have this huge massive system of paying these people. And that's why we have like really unjust evil taxes, I would say.

But the government does have a right to tax. So our beef is not really with taxing and it's you know, in its source. Right.

But that it's so high. I would say that is an evil. The way they tax us.

But then our biggest beef is with the fiat currency in terms of our monetary system. And that's what enables the ability for these banks to do fractional reserve banking. Because when one fails like with Silicon Valley Bank, the government comes in and says, we'll bail you out.

Well, again, remember, like it's not a bailout like the government's doing anyone any good. It's the government allowed the banks to do fractional reserve banking and then it backfired on them. And then the government's using our money or money that was loaned to them or inflamed the currency and just put it more to bail them out.

So I want people to see like when you see the government doing that so many people are like, oh my gosh, look at how our government is so helpful. They're helping the people. They're making sure the people are all right.

Well, no, actually that three hundred billion dollars that they used to bail out S.V.V. is on the backs of the people. It's not like it's like they're being real generous or even with the student loan forgiveness. Yeah.

It's like forgiving it and it just goes away. Like now that's been fronted by our tax money. Now we have to pay more taxes for that.

So it's not again. I want to remind people like stop looking at the government as daddy. Like they're always like bailing us out and they're helping us and like look at how amazing they are.

And they're so selfless. Like they're not selfless. They literally exacted taxes on us so they could fix the problems that they created.

Part of the problem is that this system that they set up and are profiting massively from the cracks are starting to show. But they're just going to keep on kicking the can down the road by keeping up these these banks and this fraudulent system. And it's just going to lead to a more cataclysmic outcome in the end.

And they can't get around. You can't ultimately get away with breaking God's law. Yeah.

On that like this. The cataclysm the coming cataclysm of the financial system. There's all this talk about the great reset.

Build that better all this programming through covid and stuff and they see it. They see a need to reset it. But you know the globalist agenda has a certain idea of how they want to do it.

And it's very optimistic and utopic and but really not founded on God's law or any semblance of truth more more pragmatism than anything. It's you mentioned earlier how the rock of fellers used their money and their influence to garner more power and influence. Yeah.

So I think it's a quote from maybe Henry Kissinger talks about how controlling the food as people write it. So controlling the monetary system has massive implications for power and influence. Yeah.

So I think that really plays into it. Maybe it is conspiratorial inherently but like powerful and evil people exist. You want to do this kind of stuff.

Yeah. And fiat currency is the perfect system. Yeah.

Because it's centralized and consolidated in the federal reserve. Yeah. The ones that determine whether they can just print more money or.

Should we talk about the founding of the Federal Reserve a little bit. Sure. I'm actually a little ignorant on that.

Go for it. You better know because you brought it up. I mean it was like it was a very kind of clandestine thing.

A bunch of folks met together with us. I don't know who these were. Probably like a lot of big financial interests coming from like this with Rockefeller power dynasty.

Yeah. That is there are there other branches of the Federal Reserve and other nations. Yes.

So so it's like this global banking system. And like I think the origins even started before in the Great British Empire. That's how they funded the expansion by through fractional reserve currency.

And I don't know if it was there. I don't think they had a federal reserve at that time but it was a lot of the fractional reserve where they were able to pay and have all this money. But they didn't actually have it.

So instead of saving up and OK and then building your resources and then conquesting like they just created the value on fiat and did the expansion. I mean I'm a little ignorant on it too but that's my understanding of how that worked and then kind of the outflow of that was the way that the modern financial systems set up. Yeah John Maynard Keynes was a British man.

Yeah. Britain kind of started it. And so the way it works now like the Federal Reserve is not any is not part of the government at all.

It's extra governmental. But they are the central bank for the government. So they're the ones who print the money and make the money.

We can't have an account or go to the Federal Reserve and make a banking account there. So there's a lot of issues just in terms of taking the power and centralizing it and creating it as a power source for the centralized government. Yeah I know some.

Yeah exactly. Like some other countries. I know China and their digital one.

They. Oh yeah. At some point maybe it was just an experiment but they tried out having an expiration date on the money.

I heard that. And I know Europe or some some countries in the U.N. talked about implementing something like that. To force people to spend.

Right. High time preferences. Right.

So it's just another means of garnering power by controlling the financial system. And it's much much easier to do with a digital currency. And I know the U.S. has been talking about rolling out at CBDC.

Tons of other countries are working on this. It's really only a matter of time. So it's really just a matter of when and how and how much power people will be able to retain.

Having to use something like this once implemented at such a broad scale globally. Yeah. Well in Christians we need to be wary of that.

Yeah. And find alternative currencies like Bitcoin that retain their value. You know.

Or gold. So then do we want to pivot and talk more about. I'm talking about the mark of the beast.

Is there a post-mail here dude? Please. It is at least interesting that. There's like the stuff that people have been talking about like a one world currency or one world religion.

Yeah. It might actually happen. But that doesn't mean post-mail isn't true.

Exactly. Two things I wanted to bring up before we move on. We keep hearing about like oh hyperinflation eventually one of these days.

And then everybody. Happens right. People have been saying that since the 80s.

And then it happens but not to the U.S. dollar. Well but here's the thing. Well I think it's kind of happening is they've now increased rates so much and all these banks are starting to fail.

And they're going to bail them out with more money that now right now inflation is at 6 percent. Usually like I said they like to have that around 2. Well now it's probably what's probably going to happen is they're going to bail it out. They're going to raise all the interest or lower the interest rates because they can't do any more damage or maybe they'll raise interest rates for I don't know.

And then that is going to stay 6 percent forever and then they're going to kick the can down the road and then eventually 10 percent is going to be normal and then 20 percent. And then it's going to get out of hand where inflation gets crazy. And then that's when they're going to transition.

So you get slower hyperinflation. Yeah I see it for inflation. That would happen.

I believe if they continue to raise rates. But what tends to happen is when they go along period of raising rates they do a pivot and start to lower. That's when I think that's what happened right before the Great Depression right before the 2008 crash.

So it's like I think people would recognize it when they pivot and start lowering rates. And that's just not a good sign. But if they do continue to raise rates then they're just going to be kind of kicking the can down the road.

Yeah. Interesting. Fascinating.

I didn't know that. Yeah. So I think that's also happening.

And then another little story I heard of just like just how bunk money is on a credit system where you have so much debt and stuff. So there's like a guy that comes up to purchase a room at an inn or something and he's got he's like how much does it cost. And the guy's like it's it's 10 bucks or something you know to stay at the inn.

So yeah or whatever. So he he takes that the innkeeper takes that 10 bucks and he's in debt to somebody else for 10 bucks or whatever. And then he goes and pays off that debt.

Oh the guy. Sorry the guy doesn't have 10 bucks or something happens where he gets the 10 bucks. I'm butchering this but he's in debt to somebody for 10 bucks.

He goes and gives the 10 bucks. Now he's out of debt. Then that guy is in debt 10 bucks someone else says so now he's out of debt and then he goes to some other guy pays the 10 bucks.

Now he's out of debt and then it comes back to the guy that originally wanted to go to the inn because he was also in debt 10 bucks pays his debt off to that guy. And now the guy has 10 bucks said well I'd like a room at the inn. So now like five different parties are now 10 like $50 altogether no longer in debt.

And now the guy is still able to pay for a room. So like the point is like when you have a debt system like that there's so much money that's created that's not even real. It's not real money and just 10 bucks could go around and clean up $50 worth of debt if it if it passes the right hands.

So there's just like a lot of money like in an inflated currency like this where it's just not even real like there's you know there's not even enough money. Technically if the right hands don't touch it to pay everything back. So it's just it gets the show.

Debt is fake money. It's not real money but fractional reserve banking is you're lending out 10 bucks and then when that when that 10 that guy that receives 10 bucks lends it up to someone else and you do the reverse of that where you create 50 new dollars. I think that is a legitimate thing and you can be in debt but I guess fractional reserve banking allows going into debt on money you don't have like you receive 10 bucks as a loan and then you can lend out the 10 bucks you receive.

Right. So technically it's not your money. It's money that you took out on a loan but you're allowed the banks are allowed to continue to lend that.

I get what you're saying. So that's what you just create. Yeah.

Just dollars or some fractional reserve. Yeah. So it's a very bunk system and let's go back to Proverbs 20 here.

Different weights and differing measures both of them are a bomb over the board. That is unjust to lend out money that you don't own. If you take a loan you're not allowed to lend out the money that you've loaned and if you do and you go bankrupt and you've now just like completely destroyed the system of trust that's there.

So let's pull that a little bit. Weights and measures in an economic exchange I buy one pound of flour for 10 dollars. So you can change that in two ways.

One you can increase the cost of what that flour actually is. And so in a fiat system where the money is not founded on anything that's what happens and that's the root cause of inflation because there's no there's no truth that that money is tied to. The other thing that can happen is that your 10 dollars buys you less.

Yeah. And that I think is more specifically what I guess the verse is getting at. So exactly.

So like when again there's there's no value in the money it's going to just by nature reduce its buying power. Yeah. So it's abominable because because like that means the economic value that we produce if we're paid the same amount is has less buying power.

Yeah. Yeah. That is so wicked.

And then there's also an aspect of money being representative of work done. So yeah in an inflationary system you're not only losing the value of your dollar you're also losing time because you're having to do more work in order to. Yeah.

Be more value. Yeah. Not only do you have to work to retrieve your money you also need to figure out what to do with your money to beat to put 2 percent transitory inflation or now 6 percent.

Yeah. How do I beat 6 percent when I do all this research and what's the best investment. How do I how do I grow that money to keep up.

Right. And other than that yeah you're just losing time because all that time you put in to make the money is not gone because it just got inflated 2 percent this year. Yeah.

So it's just if we had a monetary system that didn't inflate like that then all the work you do will only be more valuable in the future rather than less valuable in the future and then on top of that you do more work to keep up with it like I'm saying. Right. So it just it's a it's a really bunk system we're in and when we talk about like you'll hear the liberals talk about systemic racism or whatever.

Well let's talk about like a systemic injustice in the way we do our money. Let's talk about real like systematic oppression of people from the elites. Yeah.

Because they want to like get your gaze off of the real evils of the world and talk about like a fake made up thing like systemic racism rather than like systemic monetary system that's based on stealing your money and making you look stupid. You know it's all about that. Yeah.

I don't want to talk about it anymore. I'm tired of complaining about it. I know but I guess like the main takeaway is let's be cognizant of this.

You know what's what's like try to do things that create real value like rather than trying to keep everything in dollar form all the time because then you have to where do I put my dollars to keep up with inflation. Let's invest it in our children and our families and I got like a business buying a business or buying real estate or buying a cow that will produce milk and meat and reproduce itself like figure out ways to put your money and things that God has already said. Yeah this is valuable because I created it.

Don't put your money in the dollar because it's pretty much a joke. You know. And if you want to talk about a Ponzi scheme since 1970 the dollar has lost 96 percent of its value.

If you saw that like let's say you're investing in Apple stock and you saw Apple stock go down 96 percent you'd say wow this company is done. But when you look at the dollar we say the U.S. dollar is strong. It's like it's like if you saw a graph where you lost 90 you'd say that's a rug pull.

They just rug pulled me. The dollar is a rug pull. So don't hold on to the dollar.

Hold on to something else. I would say that's the main takeaway. Choose things that God has said.

This is valuable. In terms of building an economy I think a simple principle is that circulating that value within an ecosystem helps to develop it. Yeah.

So do business with other Christians. It's good. It's very analogous to water in the way that money transacts because you water a plant and it grows and produces an output.

But then that water will go downstream and feed something else and continue to go. And it ultimately like we can take it back to the providence of the father where he provides everything to people. Every good and perfect gift comes from above from the father of lights who doesn't change.

And in Acts 17 it says that he gives life and breath to all mankind. So like he gives water. He does give us ability to make money to provide for ourselves fundamentally like out of the earth.

But then like we get into a super specialized economy like it's still drawing from that. But yeah we're creating a system that downstream like it's not sustainable. So you know like you said kicking the can down the road for some future time where it'll have to be addressed.

But I think yeah I think we need to start thinking as Christians how to develop like a more decentralized logistical network and society that. That can develop and actually gain more value from a local economy. And you know we're talking about vocation a little bit earlier and how do we navigate this difficult this time we're in because OK we're going and providing value to a to a large conglomerate a large company.

Like we can't really teach that to our children. We can't really keep that in the local community that has to that that engagement is in this ecosystem where it's very. It's a fragile.

Well this is the system is fragile. And so we have to. But it's like it's big and that's where the opportunities are.

So we kind of have to do some work to make this local economy strong again. Yeah. Sorry I misunderstood where you're going with that.

I think that's good. I think one other point of application we wanted to talk about is it's kind of adjacent to this is that the economies in the family. When we think about usury and loans God says do not exact interest on your brother or even we think about inheritance.

Don't ever. I would never as a father if I was about to pass away and I had belongings and land and stuff I would never say I'm going to sell this to my kids. You have to buy it off me or doesn't.

Well you die. You can't even take it with you. Yeah.

And there's actually a lot of people that do that. They sell it before they die. They don't give it to their kids.

They don't leave anything to them. And also there's a lot of parents that will not give their kids loans or help. Right.

Now I don't think you should just like there's a point where your child especially a young boy. I don't think you should be like giving him a bunch of money to help. He needs to figure out how to make money.

Yeah. But I don't think it's wrong to give your kid a loan exact no interest on it and then have them pay you back. So like for instance what I'd like to see in Christian communities to get to a point where somebody wants to buy a house the church gets together crowd funds their mortgage.

They're low literally crowd friends like let's say a two hundred thousand dollar home. The church gets together crowd funds that for the young couple that wants to buy that and exact no interest and then slowly that couple pays back the church or pays back the family or the community system that got together and crowdfunded that. Yeah.

So I think I think we need to figure out how to do that especially with our kids like if my if my son comes up as his dad I want to start this venture. I don't want to put your Amazon web business. It would have been cool if you could went to your dad and said I don't really want to get like into credit card debt because I know you do a lot of open up a lot of credit card accounts and stuff like that.

If instead maybe some of the older folks in your life in the community can crowdfund you as a young man to start making that those leaps and then exact no interest so you can get even further ahead. Yeah. So I think we need to figure out as Christians how to do that for each other how to do like startup stuff without exacting interest to help people get started.

Yeah. So I don't know. You think those are good thoughts.

What do you guys think something I've been playing around with. But how can we take that principle exact no usury on your brother and apply that to the way Christians do community and the way we think about money. It seems like a very godly way to serve a community member.

Yeah. If they need. If you see it as opportunity where you can provide these resources where it will have a huge benefit for them.

You're ultimately benefiting yourself because they're a member of your community. Exactly. Oh it's like.

By the grace of God that's how it works out. It's like you do a kind act and you get. You get to reap the rewards of it ultimately.

Exactly. By loving your brother and another member of the body. Yeah.

And when you strengthen it's like the Spartan line in 300 right. Like each brother next to you that's holding their shield. If that shield cracks then the formation is broken.

Same thing in a church community like if you can strengthen up your brother you don't you should think of it as I call now my brother stronger than me now my brother is going to get ahead and I'm going to be left behind. Actually like same principle he loves his wife loves himself. He loves his brother loves himself.

He strengthens his brother strengthens himself. Right. I think those are principles I would say all day long with church community and I think we need to think we need to think about that applies to money.

Like I would love to get together like once we get further along in our lives or maybe Carter you want to start something like if I had extra money laying around I wanted to invest. I would invest it in Christian Brothers and I would exact no interest. I'd say I don't need this 10,000 bucks.

Would this help you get your feet off the ground for this project you want to do. Yeah. I invest that zero interest.

I still expect it back. I need to I need to care for my family. Yeah.

But I'm not going to charge you interest. I'm not going to charge you 6% APY you know. I don't know that's just something I'm playing around with.

I think that's I think we got to get there. Yeah as a Christian parallel economy. We got to get there.

Yeah. I think that a lot of people in Christian circles are starting to understand that and seeing the value and merit in it. It's just a lot of hard work.

Like how do you. You know you have some earlier like the analogy of robbing Egypt like when the Israelites left Egypt they gave them a bunch of gold like all the gold earrings and stuff and as an analogy they they plundered that nation they they work for them built the economy built their economy and then once they were ready to go God pulled them out sent them to the promise land and sent them with a lot of wealth from Egypt and you know bless them when they came into the promise land. So blessings that we have in Christ.

Yeah I've got faith that we're able to do it. That doesn't mean it's not hard work and that it's just going to come to us easily but you know it's it's and it's going to be a multi generational thing to like if we can ideally. Yeah we're all when we're the patriarchs of our families and we're living in like a community.

Yeah we're totally independent from the state and their monetary system won't affect us because we have a thriving local economy. But there's but the tentacles and the roots of that system are still ingrained in a lot of our lives and the way we live day to day so it is going to be hard to kind of plant that new economy and to make it grow and thrive to be able to feed the community. So but you know this is a soft bus from teaching the next generations that and kind of going back to your point about the system where where parents will not leave anything to their kids and just eat or save it up for retirement and use it themselves or you know that it's it's very it ends with me.

So it doesn't really lend to the generational building which I mean it's your own it's your own flesh like like like what is your effect going to be in the timeline of of the whole world. Yeah and it's selfish to not it is have that orientation toward the generations think about it really practically like the old the old guy that he buys a core family. I work my whole life.

I might as well get something nice for me right. Well that 60,000 Corvette six thousand dollar Corvette. That's a very helpful down payment for your oldest son that just turned 20 and is trying to make it.

But instead like you're saying you spent you spent your work your life's work on yourself and you didn't make now your kids got to start all the way back over and then eventually maybe they'll be able to afford a Corvette when they're 60. So you know what I'm gonna get a Corvette. I deserve this right and then that cycle never stops but eventually there's got to be one son which is gonna be us right.

Like when we're 60 we could probably buy a Corvette but we're gonna say you know what I don't need a Corvette. I'm not gonna buy a Corvette. I'm actually gonna get each of my kids.

I'll buy an extra 20,000 bucks so that they can have a bigger larger down payment on their home. Yeah. Right.

I think it's like yeah you might you can buy an old Corvette for eight thousand bucks. Yeah. That's why the new Corvettes now the old Corvettes then.

Yeah exactly. But I don't know we just like I think we're I think we're onto some good stuff there but like you're saying it's going to take our whole lives for us to become that and for anyone that's listening. It's going to take a lifetime to become that but we got to eventually say no in terms of how we think about not even money like just value in general.

How do I pass on value to my kids instead of spending on myself as I'm about to pass away. You know how to make their lives easier. Yeah.

And the system is really set up against passing down inheritance just with inheritance tax and gift tax that kind of stuff. We're going to have to get creative and in the ways of non-compliance that we can transfer value. I mean I don't know maybe that's through a business.

You know you're building and you have assets and money in a business and then you transfer the business one person to another like that. I don't. OK I'm very kind of green in those kind of transactions taxes and business but I don't know.

I know there are certain ways to avoid those. Yeah those things. So yeah.

Yeah I think we like as Christians we need to figure out how to do our own banking system. You know in a sense right like bank with your mom and dad. Yeah.

Yes. But bring that economy back into the family. Yeah.

So I think that's the main takeaway. I guess any last large thoughts anything you were thinking of Noah. Listen to a lot.

Coming up on 40 minutes here. I got nothing. Nothing.

Yeah. This is a good takeaway. Let's just start working towards that.

If you're listening I think that'd be even. Carter Noah we're working towards that putting our assets to work putting our money and things that are long lasting and not just. That's the biggest takeaway.

Don't keep your money and fee out put it to work for things that God has about put put value on place value on like a cow. Yeah. Cows are.

That's a very very very obvious example. Get together with your friends. Pull your money.

Get a dairy cow. Rotate the milk in very simple. I would say more like a house.

You know I mean things like that. Yeah. That's a good start.

Like our purchase a home. Yeah. And even like with inflation debt is almost can be considered healthy because you're walking in with the right that it's not.

Yeah. If you if you take out a two hundred thousand dollar loan for a home and inflation in 10 years makes it a four hundred thousand dollar home. You just gained two hundred thousand dollars.

I want into that. Yeah. And I've heard that's why you want to go really slow on your mortgage payment.

Yeah. Because that money could be used elsewhere instead of going really hustling and putting all your money mortgage payment. You can invest it in something else.

Yeah. Take that day for him. Yeah.

I think that Dave saw a gun. Did I want to argue. He's going to hear this.

I'm like the transcript. He's searching our K.O. Dave. I think that's all we got to say.

It's kind of crazy with the banking crisis but keep your head up and put your head to the plow. We're doing it where we're at. You can do it as well.

I think that's what Christians need to be known for. We just put our head in the plow. We get working baby.

And we follow Christ. Just keep doing that in every aspect even financial stuff. And by the way none of this was financial advice.

Yeah. So they're always supposed to say that because you said a bunch like investing cryptocurrency. I know.

But this is not financial advice. This was opinions from the For the King podcast. So speculation if you lose out on whatever I said that's your fault.

But I doubt you will. That'd be wild if someone actually sued me for it. I heard you said invest in Bitcoin.

You know that'd be wild. OK. Well that's all we have to say.

Thanks for listening to the King of the Edges of mortal invisible the only God the honor forever and ever. Amen. So they are.

Yeah. Yeah.