About … The Dispensation Economics Manifest
About the yenguy … I am retired residing in Bellingham, Washington, USA; a blogger; a Hebrew; a reformed Christian; and a dispensation economist.
I am a Hebrew, meaning one from the other side. I am reformed a Christian, meaning I got remade by God; and ever since I have been living by The Faith of the Son Of God. And I am a dispensation economist, meaning that I subscribe to the Dispensation Economics Manifest which presents that all things are of the dispensation, that is the generation, process, administration, completion of Christ.
One be created, molded, and then guided by either a religion or a philosophy. One is the generation of an ism, that is a process which creates, processes, administers and completes an individual. All isms are movements, that is economic flow. The word economic means credit and trade that comes from a household or stronghold.
Religions present that faith guides one’s behavior; on the other hand, philosophies present that either logic or reason guides one’s conduct.
God’s love for me is the basis for faith in Him, which I supplement with virtue (arete, which is Greek word #703), and virtue with knowledge, and knowledge with self-control, and self-control with steadfastness, and steadfastness with godliness, and godliness with brotherly affection, and brotherly affection with love. Self control is largely a matter of an attitude and then decision for chase (hagnos) communication, speech, and action. Hagnos is Greek word #53 and is found in Phil 4:8, (whatever is pure), 1 Tim 5:22, (chaste from sin, that is doubt), 1 Peter 3:2, (pure conversation), and 1 John 3:3, (clarity, like water or light).
Religions operate under the principle of revealed faith. As a Christian, I am held responsible by God to be patient (long-suffering), kind (sympathetic), caring (tender), compassionate (merciful), and respectful (holding the other in high regard) as well as peaceful (accepting).
On the other hand, philosophies operate under the principle of mandate, that is principle, where there is no need to be kind, caring or respectful. Contemporary philosophies include, Liberalism, Libertarianism, American Conservatism, Austrian Economics, Neo-conservatism, Neoliberalism and Neo-authoritarianism; they miss the mark in relationship to mercy.
If one resolves an issue through the grace of God, that is the resource of God, then one is a Christian as Christ’s action is manifested. One the other hand, f one resolves an issue by referring to a man-made covenant or principle, then one is a Libertarian, an Austrian Economist, a Neoliberal, a Neoconservative, a Socialist, a Republican, a Patriot, or of member of some other philosophy where human action is manifested.
The Lord said one cannot have serve both God and Mammon: there is only spirituality or philosophy; thus one cannot be a libertarian Christian or a Christian libertarian; one is either of the generation of Christ, or one is of the generation of libertarianism, as there by only one ism, that being either dispensationism or libertarianism. There cannot be two sovereigns, either there is Christ or there is another sovereign. There is no dual citizenship, either one be a citizen of heaven, or the citizen of another sovereign state. Either one be ruled by Christ, or one be ruled by another lord, even if that one be the individual himself.
Christian spirituality developed as a movement of the Protestant Reformation which Wikipedia relates gave birth to The Protestant Ethic and the Spirit of Capitalism, of which Max Weber first suggested that cultural values could affect economic success, arguing that the Protestant Reformation led to values that drove people toward worldly achievements, a hard work ethic, and saving to accumulate wealth for investment. The new religions (in particular, Calvinism and other more austere Protestant groups) effectively forbade wastefully using hard-earned money and identified the purchase of luxuries a sin.
I strive to understand and live by sound doctrine and as such I believe along the lines of John Calvin, John McArthur, and Witness Lee, and perceive that there are three persons in the Godhead.
I believe in the election of Grace. I am not a Christian by choice, I was made to believe by Jesus Christ; there was a movement of God’s Spirit in my life; and at the appointed time, I believed and was saved. It was simply a matter of God’s election, that is his choice and appointment. He exercised his Sovereign Will and saved me by his grace. The bible is very clear on the this matter: one is ordained, and chosen by God to believe, i.e. Acts 13:48; although there is a decision, there is no free will choice involved on the part of the believer at all.
I am not a Zionist, nor do I promote Zionism, as I, not physical Israel, but rather the Israel of God, that is I am a Spiritual Jew, having Father Abraham, as well as Father Jesus as my starter; these started my faith.
I believe there are seven dispensations, that is ages, 1. Innocence (Genesis 1:28) 2. Conscience (Genesis 3:23) 3. Human Government (Genesis 8:20) 4. Promise (Genesis 12:1) 5. Law (Exodus 19:8) 6. Grace (John 1:17) 7. Kingdom (Ephesians 1:10)
I’ve read the Bible and I enjoy watching The Matrix, Matrix Reloaded and Matrix Revolutions.
I believe in the dispensation origin of wealth which presents that God determined in eternity past, the times and places in which one should live, at that at the appointed time, one would activate in his God fated resources to believe and do those things purposed by God for His purposes and His ends.
About the EconomicReview Journal … it’s a blog where I write on regionalism, sovereignty and seigniorage, that is moneyness, as I comment on liberalism and authoritarianism, in light of Witness Lee and Watchman Nee writing in Witness Lee on the Economy of God pointing out the central lane of the entire Bible: God’s economy which is His household administration to dispense Himself in Christ into His chosen people that He may have a house, a household, to express Himself, which household is the church, the Body of Christ (1 Tim. 3:15). The word for economy, oikonomia, is used in the book of Ephesians three times. In 1:10 and 3:9 it is translated as “dispensation,” whereas in 3:2 it is translated as “stewardship.” God’s dispensation is His arrangement, which is His plan or purpose, His household administration.
Jesus Christ moved the bond vigilantes to call the Interest Rate on the 10 Year US Government Bond, ^TNX, higher from 2.48%, on October 23, 2013; this constituted an”extinction event” which terminated liberalism’s fiat money system and introduced authoritarianism’s diktat money system; and on January 17, 2013, greed turned to fear, and investors derisked out Retail Stocks, XRT, and Citigroup, C, terminating fiat wealth. And thus began the Great Economic Transformation, fully pivoting the world out of the paradigm and age of liberalism and into that of authoritarianism.
Fiat money died on October 23, 2013 with the Interest Rate on the US Ten Year Note, ^TNX, rising from 2.48%, as Aggregate Credit, AGG, Major World Currencies, DBV, and Emerging Market Currencies, CEW, turned lower in value. All of liberalism economic systems, such as capitalism, European Socialism, Greek Socialism, and clientelism died with the death of Milton Friedman Free To Choose Floating Currency Banker Regime, and regionalism commenced. In as much as fiat money died on October 23, 2013, diktat money came into being with ECB banking supervision beginning from Frankfurt Germany.
And it was on November 15, 2013, that diktat money grew in greater definition with EU fiscal rule beginning from Brussels by nannycrats exercising in policies of diktat in regional governance and schemes of debt servitude in totalitarian collectivism as The Telegraph reports The EU Uses New Budget Powers To Demand More Austerity In Italy And Spain The European Commission has exercised historic new EU powers allowing it to revise national budgets for the first time.
Austrian economists have made unique contributions to the understanding of economics.
F.A. Hayek wrote in Liberalism The core of this movement, unlike the British tradition, was not so much a definite political doctrine as a general mental attitude, a demand for an emancipation from all prejudice and all beliefs which could not be rationally justified, and for an escape from the authority of ‘priests and kings’. Its best expression is probably B. de Spinoza’s statement that ‘he is a free man who lives according to the dictates of reason alone’.
These two strands of thought which provided the chief ingredients of what in the nineteenth century came to be called liberalism were on a few essential postulates, such as freedom of thought, of speech, and of the press, in sufficient agreement to create a common opposition to conservative and authoritarian views and therefore to appear as part of a common movement.
Most of liberalism’s adherents would also profess a belief in individual freedom of action and in some sort of equality of all men, but closer examination shows that this agreement was in part only verbal since the key terms ‘freedom’ and ‘equality’ were used with somewhat different meanings.
A step back in time, reveals that the father of Liberalism is John Calvin. Daryl writes in Calvin’s 500th birthday. This past Spring I was given the opportunity to combine my two greatest passions—politics and theology—in an independent study for my last semester of undergraduate study. The resulting work was term paper on John Calvin and the State. In my studies I found a man committed to the rule of law, the right to overthrow tyrants, separation of church and state, republicanism, and a number of other ideas we in Western society hold dear. I also found overwhelming evidence of his theological heritage’s influence on our Revolution and Founding documents. And a number of our Founder’s had kind words for the man and his ideas. No wonder most of the Calvinists I know (including myself) support Ron Paul and other constitutionalists. Though not directly responsible for America’s liberal democracy, Calvin left behind in his writings the ideas that provided the groundwork for classic liberal thought. He was no classical liberal himself, but without him, perhaps classic liberalism would not exist. Below I have included only the introduction and conclusion to my term paper in honor of Calvin’s 500th birthday.
I relate that current popular movements within liberalism have included suffrage for women and minorities, regulation of child labor, civil rights legislation, the introduction of the Euro common currency, the repeal of the Glass Steagall Act, the four Quantitative Easings, the two LTROs, OMT, the three Greek Bailouts, and Kuroda Abenomics, which leveraged investment choice to produce ever increasing moral hazard.
With ever-increasing power authoritarianism’s beast regime of regional governance and totalitarian collectivism is producing the debt serf and his debt servitude; this monster is rising to govern the world as an empire, as foretold in bible prophecy of Daniel 2:31-33, and as a system in bible prophecy of Revelation 13:1-4.
Gold began rising in value on January 1, 2014; through investment demand, it is being established as the sovereign currency, and storehouse of investment wealth, and is being established as the only form of “money good” anywhere in the world.
In as much as the end time events, that is “the things that must shortly come to pass”, Revelation 1:1, are clearly unfolding, I encourage that one pray for the gift of a good conscience from God so as to discern right from wrong, and embrace a biblically coherent plan for virtuous living as a means of developing resilient strength, a good nature, a sound understanding of godly identity and a healthy understanding of the meaning of life, as presented in 2 Peter 1:1-21.
There is no personal sovereignty or human action as perceived by the Austrian economists.
Rather there is only God’s sovereign authority which begets His sovereign action; God alone is sovereign.
God exercised His will in eternity past. Now all things are of God. He alone has choice, and he exercised it to chose the elect to be in Him, who live and move and have their being out of Him.
In contrast, the fiat have what experience out of what their philosophy or religion wills; this is the doctrine of “will worship”.
All be spiritual beings, who make decisions based upon the movement of the Spirit of Righteousness, or the movement of Spirit of Iniquity.
All be economists. And economics is synonymous with ethics, or lack thereof, as when one says he has economic regard on an issue, he is saying he has ethical regard on the issue. Every person acts in dispensation, that is in household administration of things civil, monetary and political, and these action come from one’s convictions in philosophy or religion. Thus economics is either a philosophy or a religion, that produces an experience in life, or an experience in death. Economics is defined as the quality and type of ethical experience present between a person, and another or others, corporations and the state, that is government.
One of the great contributions to understanding economics is the Austrian Economics Business Cycle Theory. Yet one of the great shortcomings is the failure to understand that God works in Empires; always has, and always will. And that the US Dollar Hegemonic Empire came to an end with the death of fiat wealth on January 17, 2013, and that the Ten Toed Kingdom of regional governance and totalitarian collectivism, presented in Daniel 2:25, and Revelation 13:1-4, as well as in Daniel 7:7, is increasing in authority and sovereignty.
Soon, there will be no place to live free, except in the conscience of one’s mind. A good conscience, a sound faith, abiding virtue, persistent godliness, ongoing brotherly kindness, and genuine love for all comes at a cost.
About the Dispensation Economics Manifest … it’s the foundation for a life of virtue and ethics, establishing the elect as separate from the fiat who live in carnality and iniquity.
The Dispensation Economics Manifest, is based upon Ephesians 1:10, the biblical revelation that Jesus Christ, is operating in dispensation, that is the household management plan of God to complete and fulfill all things in every age, epoch, era and time period,
The Dispensation Economics Manifest presents Fifteen Corollaries, that is Fifteen New Things, are coming through the Economy of God.
Jesus Christ, opened the First Seal of the Scroll of End Time Events on October 23, 2013, and released the First Horseman of The Apocalypse, Revelation 6:1-2, the Rider on the White Horse, who has a bow, yet no arrows, symbolizing his ride over the world, to effect a bloodless global coup d’état, and PIVOTED the world from the age and paradigm of liberalism to that of authoritarianism and transferred sovereignty from traditional democracy nation state strongholds to nannycrats of all types to effect totalitarian collectivism, as evidenced by the bond vigilantes calling the Interest Rate on the US Ten Year Note, ^TNX, higher from 2.48%, and the currency traders to sell the Major World Currencies, DBV, and the Emerging Market Currencies, CEW, thus introducing debt deflation, economic deflation and economic recession worldwide. Disinflation is falling consumer goods and services prices, are is a defining characteristics of economic deflation, that is a downward cycle of falling aggregate demand and falling output, and economic recession.
The Rider on the White Horse is introducing the Fifteen New Things of Christ; these constitute the new normal.
1) a New Paradigm, (from liberalism to authoritarianism. Under liberalism bankers, corporations, government, entrepreneurs, and citizens of democracies were the legislators of economic value and the legislators of economic life that shape one’s means and one’s ends. Under authoritarianism, currency traders, bond vigilantes and nannycrats working in public private partnerships and in regional governance, are the legislators of economic value and are the legislators that shape one’s means and one’s ends.)
2) a New Sovereignty, (from the Milton Friedman Free to Choose floating currency Banker Regime of democratic nation states, to the Nannycrat Diktat Beast Regime of statist regional governance, Revelation 13:1-4, where eventually there will be ten regional kings ruling in the world’s ten regions, Revelation 17:12).
3) a New Seigniorage, that is a new moneyness (from the seigniorage of investment choice, to the seigniorage of diktat),
4) New Dynamos (from the dynamos of corporate profit and global growth based upon investment opportunities in nation states, to the dynamos of regional security, stability and sustainability),
5) a New Trust (from trust in bankers, carry trade investing and credit, in particular Treasury debt, to trust in statist nannycrats, totalitarian collectivism, public private partnerships and debt servitude),
6) a New Age, (from the age of investment choice, to the age of diktat),
7) New Economic Action (from inflationism, to destructionism), and New Action in Nature (from benefit and favor, to calamity and disaster). Jesus Christ, acting in the administrative oversight of all things, Ephesians 1:10, is establishing destruction, calamity and and disaster the new normal.
8) New Policies and New Schemes (On October 23, the bond vigilantes called the Interest Rate on the US Ten Year Note, ^TNX, higher from 2.48%, and the currency traders sold the World Major World Currencies, DBV, and Emerging Market Currencies, CEW, terminating the Creature Jekyll Island and birthing the Beast Regime of Revelation 13:1-4, and pivoted the world from a policy of investment choice … consisting of credit schemes, such as, free trade agreements, financial deregulation, leveraged buyouts, nation investment, securitization of debt, dollarization, financialization of stocks and ETFs, such as corporate bonds which convert into stocks, and currency carry trade investing schemes, all of which created capital for corporations to operate and revenue for governments to operate in an environment of economic growth … to a policy of diktat … consisting of government mandates such as ObamaCare, and consisting of debt servitude schemes such as regional framework agreements, bank deposits bailins, new taxes, privatizations, capital controls, austerity measures, ECB banking supervision, EU fiscal rules enforced by a Fiscal Sovereign, and in regional interventionism in statist vitalizations where banks and other corporations are given charter to operate as public private partnerships for regional economic security, regional stability and regional sustainability in an environment of economic deflation and economic recession).
Economic and political movement under Liberalism was based upon ponzi credit, which provided capital and revenue and resulted in a moral hazard based prosperity. Authoritarianism, on the other hand, is based upon trust which provides vitality for statist underwriting of economic activity.
Capital perished on May 24, 2013, with the rise in the Interest Rate on the US Government Note to 2.01%, and it is increasingly being replaced by statist vitality, which is defined as diktat establishing oversight by nannycrats, working in regional interventionism in public private partnerships and in regional governance, which become the legislators of economic value and the legislators that shape one’s means and one’s ends.
Gone are the days when liberalism’s bankers, corporations, government, entrepreneurs, and citizens of democracies were the legislators of economic value and the legislators of economic life. Economic and political movement under Authoritarianism is based upon debt servitude which provides for collective action, and crushing austerity.
In The Road to Serfdom, Hayek argued that “Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends” p95.
Under authoritarianism, the dynamo of regionalism will be so strong, that economic control by regional nannycrats will be total, as they rule in political, fiscal, monetary, and economic policies of diktat, through statist public private partnerships; thus creating a regional gulag of totalitarian collectivism, in every one of mankind’s seven institutions, where debt servitude is enforced for regional security, stability and sustainability. The new normal will be austerity. Personal property will be appropriated by the regional superstate, as personal property rights, and the traditional rule of law, is superseded by regional property and regional property rights.
9) New Economic Experience (from wealth to poverty, from diversity and voluntarism to compulsion and uniformity, from prosperity to austerity),
10) a New Economic Life (from crony capitalism, clientelism and its dependency, European Socialism, and Greek socialism, to regionalism),
11) New Talking Heads and Thought Leaders who move society away from constitutionally limited government, free markets, individual liberty and personal responsibility (from talking heads, that is political pundits, academic intellectuals, interest-group representatives, and think tank spokesmen, such as Paul Krugman, Mark Zandi, and Lawrence Klein, and thought leaders such as Jeffrey Frankel, James Hamilton, Larry Summers, Menzie Chinn, Robert Mundell, Milton Friedman, Phil Gramm, Robert Rubin, Jimie Dimon, Ben Bernanke, and Oliver Blanchard … to … talking heads such as Angela Merkel, and though leaders such Jeroen Dijsselbloem, Olli Rehn, Michel Barnier, Klaus Regling, Werner Hoyer, Jorg Asmussen and Viviane Reding).
The Talking Heads and Thought Leaders will be fountainheads of authoritarianism’s regionalism, much like Alexander Hamilton was the fountainhead of liberalism’s governmental interventionism.
Salon author Andrew Leonard posts Ayn Rand, of course, is herself one of the fountainheads of modern get-rid-of-government libertarianism. Alexander Hamilton was something quite different. The first secretary of the Treasury not only created the nation’s first central bank, but was also the earliest and most forceful advocate of a strong government role in developing the U.S. economy. In his Report on Manufactures he laid out in painstaking detail a program for industrial policy arguing that if the United States was to compete with the established nations of Europe and make the most productive use of its labor possible, the government needed to get involved. America’s budding manufacturing start-ups needed help! He wrote “To be enabled to contend with success, it is evident, that the interference and aid of their own government are indispensable,” he wrote. To this day, hard-money libertarians, such as Thomas DiLorenzo, who writes in Mises.org, Alexander Hamilton: The Founding Father of Crony Capitalism, are aghast at Hamilton’s strong advocacy of issuing government debt to pay for infrastructural improvements and other measures that would implement federal economic policy.
12) a New Religion (from religions and philosophies based upon the worship of one’s own will, to eventually a mandatory one world religion consisting of emperor worship, yet for the elect, faith in Christ),
13) a New Money System, (from the fiat money system, to the diktat money system).
Under liberalism, the Speculative Leveraged Investment Community, beginning with the repeal of the Glass Steagall Act, then via POMO and US Federal Reserve monetary policies of easing, supported by Global ZIRP of the world central banks, aggressively coined an increase in liberalism’s fiat money, which is defined as Aggregate Credit, AGG, combined together with Major World Currencies, DBV, and Emerging Market Currencies, CEW.
On October 23, 2013, the bond vigilantes in calling the Interest Rate on the US Ten Year Note, ^TNX, higher from 2.48%, and the currency traders in selling the World Major World Currencies, DBV, and Emerging Market Currencies, CEW, effected an extinction event, which destroyed the existing regime, and PIVOTED the world from central bank interventionism and a policy of investment choice … consisting of a number of investment products and credit schemes, such as, free trade agreements, financial deregulation, leveraged buyouts, nation investment, securitization of debt, dollarization, as well as currency carry trade investing schemes such as the EUR/JPY, USD/JPY, GBP/JPY and AUD/JPY, all of which created capital for corporations to operate, revenue for governments to function, and investment return for the investor, in an environment of global economic inflation and economic growth, … to a policy of diktat … consisting of government mandates such as ObamaCare, and consisting of debt servitude schemes such as regional framework agreements, bank deposits bailins, new taxes, privatizations, capital controls, austerity measures, ECB banking supervision, EU fiscal rules enforced by a Fiscal Sovereign, and in regional interventionism in statist vitalizations where banks and other corporations are given charter to operate as public private partnerships, to create regional economic security, stability and sustainability, in an environment of global economic deflation and economic recession.
Money is defined as the credit and trade that comes from the administration of a household or stronghold. And economics is defined as the ethical experience between a persona and another, a corporation, and the state, that is government.
The origin of money and purpose of money is presented.
Fiat money was the creation of the banker and democratic nation state regime, and was created through liberalism’s policy of investment choice and schemes of credit and currency carry trade investing, to develop business capital, provide government revenue, and return for the investor.
The exogenous variable that affects the money supply is the Benchmark Interest Rate, ^TNX.
Diktat money is the creation of the beast regime of regional governance and totalitarian collectivism, and is created by authoritarianism’s policy of diktat and schemes of debt servitude to establish regional economic security, stability, and sustainability.
Diktat money is defined as the compliance required, as well as the trust that is engendered, the debt servitude that is enforced, and the austerity schemes that are enforced by nannycrats, such as those reported by the such as The Irish Times report Troika Seeking Tough Post Bailout Terms In Ireland In Exchange For Precautionary Loan, heavy losses on large bank deposits via bailins, levying additional taxes, privatizations, capital controls, import curbs of branded items, budget cuts in social programs such as Head Start, sale of a country’s central bank’s gold reserves, fiscal policy councils, such as those reported on by the IMF, Case studies of fiscal councils and The functions and impact of fiscal councils, for Eurozone wide fiscal governance, and statist public private partnerships, which oversee regional economic commerce, trade, and the factors of production, as well as in the Eurozone, a fiscal union, where sovereign regional leaders, as well as sovereign regional sovereign bodies, such as the ECB, invoke all kinds of mandates for regional security, stability, and sustainability.
These leaders, that is nannycrats include, Jeroen Dijsselbloem, President of the Eurogroup meeting of euro-zone finance ministers, Olli Rehn, Vice President of the European Commission responsible for economic and monetary affairs, Michel Barnier, EU Commissioner responsible for internal market and services, Klaus Regling, Managing Director of the European Stability Mechanism, Werner Hoyer, President of the European Investment Bank, Jorg Asmussen, Member of Executive Board of the ECB, Viviane Reding, European Commissioner for Justice, Fundamental Rights and Citizenship.
And diktat money is seen in countries with high current account deficit, such as in India, where import duties have been declared on the import of gold, and the import of gold coins banned; and such as in Indonesia, where curbs are placed on the import of luxury cars and some branded goods.
14) a new Reality, (from human experience, to the experience of the divine nature; where the elect are called to live in godliness, 2 Peter 1:6, mainly manifest in the fruits of the spirit, and experience Christ as one’s life, Colossians 3:4, and one’s all inclusive life experience, Colossians 3:11. They keep the word of His endurance, and shrink not from His Name, and thereby live in His presence and authority, Revelation 3:8-10. They live a live of biblical separation. They practice the New Man in Christ, mortifying that is putting to death the carnal desires that come up through temptation, so as to prevent the pain and dislocation that comes from stumbling and falling in sin. And live a life of ethics, that is regard for the person and property of another, for example, they pursue peace with all men, defraud no one, and do not make merchandise out of others.
Witness Lee, in the New Testament Recovery Version, provides insightful commentary on the movement of God’s Spirit in the life of the believer through Christ’s Dispensation, in Colossians 2:1-7, on page 928, and in 2 Peter 1:1-6, on page 1146.
Wikipedia relates Witness Lee taught that organic union exists between the regenerated man and the processed Triune God (1 Cor. 6:17) and that the relationship with the Triune God is more than a union; it is a mingling of the processed Triune God with His redeemed people. In this mingling God’s identity as God and the believers’ identity as man are distinctly preserved. The following definition of mingling can be found in Meriam-Webster: “to bring or mix together or with something else usually without fundamental loss of identity.”  In Lee’s words, “Although these two elements [divinity and humanity] are mingled, the essence of each element remains distinct, and a third element is not produced. This is the correct understanding of mingling.” 
In God’s economy man becomes God in life and nature but not in the Godhead. Lee taught that because the believers are begotten of God (John 1:13; 1 John 5:1) with His divine life and are partakers of His divine nature (2 Pet. 1:4), the believers become what He is in life, nature, expression, and function.
Lee said that the full experience of God’s organic salvation equals reigning in Christ’s life, Romans 5:17. In this age, the believers can reign over sin and death by the full experience and enjoyment of Christ as life, and ultimately, in the New Jerusalem, the believers will reign in life with God forever ,Rev. 22:5.)
15) a new Way (from carnality and iniquity to virtue and ethics. New vessels for the new way. The elect are vessels of righteousness who keep Christ’s word of endurance and do not deny his name, Revelation 3:8-10, and maintain their vessels in purity and holiness. In contrast, vessels of iniquity exist for the old man and the old way. The fiat who have experience in the mandates of philosophy, religion, and regional governance, are vessels of iniquity, and have ever-increasing experience in the mystery of iniquity; these exercise their vessels in poneros speech and behavior.)
Milton Friedman was God’s point man, that is God’s appointed one from eternity past, who called forth the Free to Choose, floating currency banker regime of democratic nation states; this economic genius encouraged President Nixon to go off the gold standard, and through inflationism create the US Dollar Hegemonic Empire that rules the world up until January 17, 2014, when Retail Stocks, XRT, and Citigroup, C, traded lower in value.
Milton Friedman’s contribution to liberalism was that bankers, corporations, government, entrepreneurs, and citizens of democracies have become the legislators of economic value and the legislators of economic life.
Milton Friedman was the Father of liberalism policy of investment choice, as well as the father of schemes of currency carry trade investing and debt trade investing. Without Milton Friedman, investors could never have profited from Nation Investment, EFA, and Small Cap Nation Investment, IFSM, such the US VTI, IWM, its banks, BAC, and RF, Ireland, EIRL, and its bank IRE, or the UK, EWU, EWUS, and its banks, LYG, and RBS.
Austrian economists will forever criticize Milton Friedman because he created liberalism’s moral hazard based prosperity and clientelism, which is devoid of genuine meritocracy and full of taxation of every type on personal property.