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Posts Tagged ‘Noah’s Flood’

Financial Crisis

A prudent man foresees evil and hides himself, but the simple pass on and are punished.

    Proverbs 22:3

In a recent article titled “The monetary policy endgame,” Rick Rieder argued that central banks have two ways of creating inflation – inflation in this case being defined as rising consumer prices. The first is to create increased consumer demand through demand stimulus (lower interest rates). Secondly, Rieder argues, central banks can engage in monetary debasement. Continuing with his argument, Rieder contends that he believes central banks will turn to monetary debasement to achieve their stated inflation goals.

So what is monetary debasement? As the Investopedia link puts it, “Debasement refers to lowering the value of a currency, particularly one based on a precious metal, by adding metal of inferior value.”

But even though we don’t have a precious metals based monetary system doesn’t mean that governments can’t debase their currencies. As the Investopedia article on debasement goes on to say, “[D]ebasement [in fiat monetary systems] only requires that the government print more money, or since muc hmoney exists only in digital accounts, create more electronically.”

In light of the coming central bank driven currency debasement, Rieder asks the important question, “How should one position for such an endgame?” Rieder’s answer? “[A]ll of this leads one today to consider assets that can participate in an inherent devaluation of the local currency, which is to say, real estate, and even hard assets that have historic value-relevance, such as gold.”

Rieder’s post is remarkable, not just for what he said, but also for who it is that said it. Rieder is not some tin foil hat wearing gold bug, but is a Chief Investment Officer (CIO) at BlackRock, a New York City based investment management firm that is the world’s largest asset manager with $6.84 trillion in assets under management as of June 2019. Put another way, BlackRock is Wall Street royalty. Further, Rieder’s post appeared on BlackRock’s blog, giving his statements the implicit approval of the firm itself.

Given the decades long propaganda campaign of hatred that has been directed at gold and at those who advocate for the return of gold to the financial system, Rieder’s comments are significant indeed.

There’s a lot to unpack in Rieder’s article, more than what can be discussed in this post. Lord willing, I shall return to his post at some point in the future. But I mention in today mainly to let readers know that mainstream financial analysts are quietly warning that the US dollar – and all other fiat currencies – are in trouble and likely to suffer significant devaluation in the not too distant future.

In light of warnings from Rieder and others, the application of Proverbs 22:3 to our current financial circumstances cannot be overstressed. Here we have a highly placed man at a highly respected financial firm going on record to warn us in advance that the Fed is going to debase the dollar. What is more, he provides for us sound advice on strategies savers can use to protect themselves.

In Scripture, we find several examples of men who were given advanced warning by God of coming disasters, and who, in faith, took action to save themselves and others. In last week’s installment, we looked at the case of Noah. This week, we shall continue our look at Biblical case studies in prepping with a review of Lot’s narrow escape from Sodom.

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Nye_UndeniableThis week’s installment of the series on Bill Nye continues our review of Chapter 2 of Nye’s book Undeniable: Evolution and the Science of Creation.

As was mentioned earlier in this series, Chapter 2 of Undeniable bears the title “The Great Creationism Debate,” which was inspired, as Nye tells us, by his 2014 debate with Ken Ham of Answers in Genesis. You may view the full video of that debate here.

Nye Blasphemes God’s Word

Nye picks up his description of the debate thus, “When it was my turn, I hammered away at Mr. Ham’s claim that there was a big ole flood and that all the animals we see today are descendants of the few pairs that Noah and his family were able to save on a big boat, the ark of Biblical myth” (11).

The Apostle Paul tells us that the message of the cross is foolishness to those who are perishing. Doubtless, the other messages of the Bible are also likewise foolishness to unbelievers, so it really should not come as a surprise that that the unbelieving Nye would write sarcastically about “a big ole flood” and “a big boat, the ark of Biblical myth.” Still though, it’s sad to see a man so hardened in his unbelief that, not satisfied with simply disagreeing with God’s revelation, he feels the need to revile it.

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Nye_UndeniableIn recent years, Bill Nye has become something of an icon with the humanist, progressive, environmentalist, social justice warrior crowd.

As a result of his popular children’s science show in the 1990s, he may even be thought of as a sort of Millennial version of Mr. Rogers, a trusted fatherly figure who would never lead his followers astray.

But unlike Mr. Rogers – yeah, I’m a Gen-Xer who grew up on Mr. Rogers and Captain Kangaroo – Bill Nye has gone full social justice warrior in his later years, pushing not only evolution, but the climate change and LGBTQ agendas as well.

Nye has been particularly active in recent years having penned Bill Nye’s Comic History of the United States: The Human Side of the Story (2014), Undeniable: Evolution and the Science of Creation (2014), Unstoppable: Harnessing Science to Change the World (2016). This year will see the release of this latest book Everything All at Once: How to Unleash Your Inner Nerd, Tap into Radical Curiosity and Solve Any Problem.

Just this year, Nye served as one of three honorary co-chairs of the March for Science, an organization dedicated to proposition that it is right and just to use government force to take money from the American people and use it to subsidize scientists dedicated to pushing the false narrative of man-made global warming/climate change or whatever new crisis of the day that happens to be popular.

For my part, I’ve only recently begun to pay much attention to Nye. His science show didn’t start until well after I graduated from high school. When I was in school, we had Julius Sumner Miller as our “science guy,” whose programs were educational, memorable and, on occasion, pretty funny too.

As for Miller, I couldn’t tell you what his religious or political beliefs were. For unlike Nye, he didn’t wear them on his sleeve.

Although I had heard of him previously, Nye really didn’t come onto my radar screen in a big way until his February 2014 debate with Ken Ham of Answers In Genesis.

My best summary of Nye’s argument in that debate runs something like this: Evolution is based on the same scientific principles that have brought us electricity, polio vaccines and the internet. You cannot at the same time use and appreciate any of these scientific breakthroughs without also agreeing that Darwinian evolution is true. If you don’t insist and believing in Biblical creation and a 6,000 year old earth, not only are you contradicting yourself by accepting the benefits of science while at the same time rejecting its truth claims about the origin of life , but you’re stupid too. What is worse, if you teach the Biblical doctrine of creation to your children, you’re guilty of making them stupid. And not only that, your insistence on believing Biblical mythology over science endangers the very future of the United States of America.

Well, that’s quite a bit to unpack. Far more than time and space allow in a single blog post. And this doesn’t even touch on the rest of Nye’s body of work. Lord willing, I hope to begin a new series on Nye later this year. But for now, a few short observations on Nye’s thought will have to do.

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