The deceitfulness of wealth ignores spiritual, social, emotional, mental, and criminal aspects of life.
The trap: constant consumption, mass entertainment including sex oriented industries, easy credit, leading into increasing unreasonable debt, employment, insecurity, instabilities.
Loss of self control and moderation, leading into irresponsible spending, with uncertain future income, increasing debt, all leading into a trap such that life becomes constant anxiety with no way out.
60-80% of human activity is counted in financial terms. A tripling of the role of money.
The managing of money has become an increasingly larger industry in itself – administering rights and obligations of owners and debtors. We are all entangled within the increasingly complicated web. More and more aspects of life are defined by profit and loss, monetary value etc. all in numerical form. This has become the main focus of most people's lives. True values, either moral or spiritual, are left behind, and seldom remembered.
Because of the interconnected nature of the global financial systems, crises in any one area or country has potentially devastating global results, and adds the unpredictable nature of greed, ways are being suggested to deal with these financial instabilities:
1. World Financial Authority – set policies for all financial entities.
2. International Credit Insurance Corp.
3. Exchange rate system reform to regulate relative values of different currency – ultimately to adopt a single currency under a World Monetary Authority.
4. International debt problems are being resolved by allowing countries to declare bankruptcy protection. This would lead to an international bankruptcy court.
Financial markets are experiencing great fluctuations and deceptions. Booms are followed by busts. Dishonest ventures end with spectacular bankruptcies. The next uncontrollable bust will lead to the logical result of the aforementioned World Financial Organizations.
The belief system of economic growth and financial market values are the new guidelines – with computers and telecommunications speeding the transition from whatever was there before, to this new materialism. Even former communistic countries (Russia and China) have taken on modern capitalism.
'In the last days, people would be lovers of money.' The amount of financial wealth has exploded in recent years. We are seeing worldwide convergence to a system where human behavior seeks only material gain (a love of money).
This article was written by my father T.O.D. Johnston, who was licensed to preach the Gospel by full list of Bible Study Lessons by book for all of his free lessons.