One of the primary attributes of lawlessness is that it thinks you get away with breaking the law. As a child you steal some candy and no one catches you. You were able to break the law and enjoy the candy. You receive temporary satisfaction but opened the door to a lawless heart that remained in you. Your ego kicked in and made you feel superior to the law of theft. Later you cheated on a test and received that “A”. You outsmarted the teacher and now you are feeling superior. Once again, your ego is stroked. Now you pride yourself in staying one step ahead of the Law. You are living on the edge and it is exhilarating. What you don’t realize is that there is a ledger book being kept outside of your control, recording all of your mischief and ultimately the Law demands restitution.
On a macroeconomic level, the stakes are bigger and the restitution is greater. When a nation pursues lawlessness, the laws that govern the universe demand restitution. It may not occur today or tomorrow, but it will ultimately “reconcile” the books. How do I know that it is true? Look at history. There is not one empire that managed to stay afloat once lawlessness began to infiltrate the economy. Gold standards were compromised and men found lawless ways to circumvent standards of monetary exchange. Those same little boys who were smarter than their teacher were exalted to government planners. Their egos grew faster than their little bodies. The subtle strokes to their egos made them feel like gods as they took the economic reins of the country. They walked around with swagger. “I am Numero Uno!”
Alan Greenspan was exalted above all financial soothsayers when he was the head of the Federal Reserve Bank. The markets hung on his every word. In looking back, his policies promoted the huge mess we are in now. “The consumer should go borrow more money!” was the patriotic cry from Washington. Greenspan’s previous work history was not stellar as an economist. However, he once wrote of the necessity of a Gold Standard in 1966. He is quoted:
“under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth… The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit… In the absence of the gold standard, there is no way to protect savings from confiscation through inflation”
That says it all. The Law of Jubilee in Scripture is the economic protector against men who would perpetually enslave the populace through borrowing. Borrowing denotes an expectation that you know the future thus you have the inherent ability to pay back what you borrow today, with interest. Over time, banks developed credit policies to limit their exposure to your inability to predict future events. Once they threw out these policies, debt bubbles were created. In 2008, they burst. Today the Federal Government is following the same path and will reap the same reward. The $86.8 trillion Federal unfunded liability does not appear on any set of books for the average American to look at. However, those ledger books in the higher realm demand restitution and the day of reckoning will arrive.
See: http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html