Saturday, February 9, 2013 -Posted by Fadi Bejjani
From Almighty God to Almighty Gold
Many a pilgrim came to the New World seeking the freedom to worship the Almighty God in whatever religion they choose. Soon enough that religion became the Almighty Dollar.
There is an old saying in the Hawaiian Islands about the original missionary families that went there in the 1800's and stayed there. To this day descendants of those families still control a lot of the shipping, land use, banking, etc. in the Islands. The saying is: “They Came To Do Good, and Did Right Well”.
This inspired Edward George Earle Lytton Bulwer-Lytton, 1st Baron Lytton PC (1803 - 1873), who was an English politician, poet, playwright, and novelist to coin the phrase "pursuit of the almighty dollar" in his novel the Coming Race (1871)
As early as 1616, British writer Ben Johnson, wrote: "Whilst that for which all virtue now is sold, And almost every vice, almightie gold"
God is being marginalized more and more very day in favor of the dollar even though ironically the phrase "In God We Trust" is still printed on the currency.
It was gold and silver, then it became paper and now it is becoming gold again because "In Dollar we distrust". The main reason is that the money presses are working 24/7 at the US Treasury and as the supply of paper floods the market, its value proportionally declines.
History stubbornly repeats itself: The dilution and depreciation of its currency lead to the end of the allmighty Roman Empire. Printing money after World War I in Austria and Germany eventually lead to the Nazis and World War II. Then there was Eastern Europe, then the Mexican printing presses in the 80s which did a number on the peso. Why do we arrogantly think that it will not be the same for America? Isn't insanity defined as doing the same thing over and over again while expecting a different result?
We better go back to "Allmighty God" on the double because if the destiny of Rome befalls us, it will not be a pretty site in the nuclear age. No wonder States like Texas and others are considering secession because they cannot print money like the Federal government can.
"the pen is mightier than the sword" claims our friend Edward George Lytton (Richelieu, 1839). I would say that the money printing press is mightier than both. It is dreadfully easy and tempting to activate and it is highly addictive, especially in the "Here and Now" consumer-driven society we live in.
In God We Trust; In Gold We Thrust, as the Allmighty Dollar's not worth the paper It's written on