First a couple of introductory thoughts:
There is time, and then there is eternity. For the present, time only touches eternity in the moment. Eternity is on the other side of resurrection for those of us who are time bound. Resurrection is on the other side of death, and more specifically the death of the cross, both in the first instance, and in the “all day long” instance. To go from resurrection to resurrection is to go from death to death.
What I have to share here is not about eternity, but rather has its focus in time – time in three phases – lag time – on time – lead-time.
(The following is excerpted from my book on money: For Love or money: Understanding The 2nd Parable – Book Three. For present purposes I have taken it out of Biblical context in hope of finding a more open-minded readership.)
I should also say that one of the things that prompts me to address this particular matter of timing is the fact that it is still not part of the public dialogue and warning as to what is coming as the economic “Titanic” heads for the bottom at an increasingly rapid rate of decent.
With that said, let’s look at the time we are living in, and finally at the financial or monetary times we are living in.
There are many activities or trends in the world today, which could be plotted against time in this way. They all make essentially the same exponential curve. Population growth may be the most striking example, but there are others: the increase in human knowledge, the advance in technology, man’s ability to destroy, immorality, and many other areas that all suggest the end of time as we have known it – or certainly the “lag time” phase of it.
Inflation can also be spoken of in three phases. In phase one, (“lag time”) the money supply increases faster than the corresponding increase in price levels. This is the result of something called the “money illusion.”
The “money illusion” is that perception of the value of something as a medium of exchange that makes us take care not to throw it away as worthless. Of course, it’s easier to believe that a gold coin has value than it is to believe that a paper image has value, especially if the relationship between the paper image and the gold coin has no integrity.
When those who control the printing presses increase the number of paper images relative to the gold coins, the money illusion begins to break down. That’s what happens when bankers get their hands in the cookie jar. Normally it’s called “theft.”
What no one seems to want to talk about yet is this “theft” business. The only place that newly printed money can get its value is from the value stolen from the money already in savings or circulation. This is ignoring the velocity of money, which increases as the money illusion breaks down.
When this stolen value is done in collusion with the U.S. Treasury Department, it’s called “monetary policy.” In either case there are guns involved on, or behind the scenes. People begin to hang on to their gold coins, but their willingness to trade in their paper images causes prices in the market to rise in proportion to the increase in the paper money supply. This is phase two. (“on time”) During phase one, (lag time) the price rise lags behind the increase in the money supply. By phase three, (“lead time”) the money illusion is shattered to the point that prices increase even faster than the increase in the money supply. Back in the Carter years we began to get a glimpse of this phase of the destruction of printed monetary value. Since then we have been living in a lull between labor pains, which are also exponential.
It is not our intention at this point to get into the nature of the present pregnancy or the nature of what is being birthed. The point I want to make here is that printing money is theft, and timing is going to be increasingly important in the days ahead.
By Jay Ferris, originally posted February 21, 2012