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James 5:1-9

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 .

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James 5:1-9

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  1. 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.

  2. 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

  3. 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.

  4. 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?

  5. 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??

  6. Most Stable Element • Farmers - Agriculture • Create value • land and labor

  7. Food Grain Vegetables Fruit Meats

  8. Clothing Wool Flax Cotton

  9. Duke of Berry France Book of Hours 1405

  10. Most Stable Element Farmers Create value - land and labor Food, clothing, etc. Independent of city strife Not rich – but stable

  11. Time of the End (1799) • Changes coming • Wars – draft • Education • Industrial revolution • New ideas • New opportunities

  12. To and Fro • Train • Barge • Ship • International trade

  13. Trains & Barges

  14. Sail to Steam 1870’s Cutty Sark 1877

  15. Farm Exports - To and Fro Cotton, wheat, etc. International trade International competition Europe, Argentina, India, Australia, Russia, Pakistan, China, etc. Markets & prices linked

  16. US vs Europe • US – large farms – family owned • Europe – Small farms – rented • Crop sales  livelihood • 1873 • Prices good • Sales good • Life good

  17. Farm Trade -1873 Receive Silver Money International Price Sell Crops Grow Crops Buy Equipment

  18. 1874 - Changes Prices fall Later… plummet

  19. 53% Wheat Prices

  20. Cause?? Over production?? Mr. Robert Lindblom - CBT

  21. Manipulationof theMoney Supply

  22. Money & Value Price Stability Money Supply Good & Services

  23. Money Supply Money & Value Price Stability Inflation Good & Services

  24. Spain 1500’s - Inca Gold & Silver • Gold = 181 tons • Silver =16,800 tons • Europe • Same GNP • Inflation!! • Prices rose!!

  25. Money Supply Depression Good & Services Money & Value Price Stability Prices Fall !! Deflation

  26. When Money is Scarce • Deflation - Depression • Prices Fall • Bankers – Lenders • More profits !!!! • Farmers – Borrowers • Harder to repay

  27. Fund Civil War – Paper Money • Lincoln - 1862 • Print Legal Tender • $450,000,000 • “Inflationary” • 1866 Contraction Act • Remove Greenbacks “Greenbacks”

  28. Money in Circulation1866 - 1886 Millions of Dollars 78%

  29. Long Depression • 1873 – 1896 • Restitution – goods & services • GDP UP 6% per year • Money supply – lagging • Prices fall 1-3% per year • Unemployment 20-30%

  30. 1873 - What was Money? = = $1 Gold Dollar Silver Dollar

  31. Money Supply ???? Gold Rush

  32. San Francisco Mint - 1879

  33. 1897 Long Depression Ends • Klondike Gold Strike - 1897 • South African Gold • Cyanidization = gold x 10 • Money supply UP • Prices stabilize!!

  34. But NOT for Farmers!! • Hardest hit • Prices still down • US & Christendom • Why ? ? ? ?

  35. 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

  36. 1874 • Coinage Act of 1873 • No more silver dollars • Silver demonetized • Not legal tender • Silver  commodity • Silver value floats • Demand down • Silver prices drop

  37. 48% Drop Long Depression 1914

  38. Why Demonetize Silver? • Manufacturer • Buy raw materials • Sell mfg goods • Mfg Monopoly • Buy low • Sell high – name your price

  39. England • Textile Monopoly • Buy Cotton – farm products • Sell Cloth & Clothing • Demonetized Silver – 1816 • Buy cotton – silver • Sell cloth – gold

  40. 1750 YEAR

  41. 1800 YEAR

  42. 1830 YEAR

  43. 1860 YEAR

  44. 1873 YEAR

  45. 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

  46. Switch to Gold Standard

  47. Cries of the Reapers50¢ on the Dollar Receive Silver commodity Sell Silver Sell Crops Receive Gold Money Grow Crops Manufactured Goods

  48. To Stay Competitive Steel Plow 1850’s Iron Plow 1820’s Wooden Plow 1700’s

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