Money is anything that serves as a medium for exchange.
Money has its history in the beginning of civilization.
People were using trade for barter which wasn’t flexible as there is no standard associated with it.
Money has standards and a measurable way of communicating value.
For the sake of this study, we will limit our talk to the spiritual aspect of money.
In 1970, President Nixon of the United States Of America took the dollar out of the gold standard, which made money begin to float and turn it into a currency.
What does this mean?
A brief history of money will help us understand better.
However, let us look at Deuteronomy 8:17 – 18
“17 And thou say in thine heart, My power and the might of mine hand hath gotten me this wealth.
18 But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.”
It is God who gives us the power to make it.
Many argue that God has nothing to add to humans and that money-making is purely natural.
We believe in the authority of the scripture and if God says that he gives us power to make wealth, then he does.
And if God gives us the power to make wealth, it also means that the power to make wealth is spiritual and Satan can also give this power.
THE HISTORY OF MONEY
The history of money has it that in the wake of the Second Industrial Revolution after trade by barter which was marked by intercity trade, people needed to travel to buy equipment from other places as well as goods and services.
Trade by barter couldn’t suffice as people cannot carry 1,000 tubers of yam to other cities for trade, there needed to be a way to certify that someone had what they claimed and that it was available.
People moved from trade by barter to trading with gold. People took their goods to buy gold, gold was easier to carry and had international acceptance.
However, highway robbers were assaulting their voyages and leaving them bankrupt. They needed a way to show they had the gold or the goods they claimed to have at home and not carry the gold.
People would translate their goods to gold to store as against having 100 baskets of okra, they preferred to sell and change the value to gold and they weren’t keeping the gold at home.
THE STRONG MEN
The strong men in each city opted to keep their gold safe by offering a few interests in the form of goods and services.
They always go to these men who are people who have the security especially political or religious leaders to pick the gold when need be.
The gold lenders or marketers resorted to writing a paper and signing it as a way to keep them safe.
When you go to a city to buy goods, you present the paper the gold keeper in your city gave you and the gold keeper keeps the one you gave him for when his people would want to transact in your city.
That way, trade became easier and better.
GOLD STANDARD
What I just described is what is called GOLD STANDARD.
The gold standard or gold backing of money is when every good/service has its equivalent in gold.
And money was backed by gold.
It stopped the issue of inflation which is too much money in circulation. What this means is that, for every money(receipt of gold), there was gold out there that attested to the existence of the goods and services.
It kept the world free from economic issues.
However, over time the gold keepers released that there was no regulation to ascertain that they had the gold with which they issued a receipt.
They started loaning the receipt, which is loaning money. People who did not have gold in their store or didn’t have enough gold were issued receipts to go and buy goods and they paid a certain amount of the profit they made to the gold keepers.
The gold keepers started making money out of nothing and got extremely wealthy but the economics of the world was disturbed.
PURCHASING POWER
People had the power to purchase more than there were goods to buy, it brought competition and the highest bidder would buy the goods.
The people who had goods were not able to buy while those who were transacting out of thin air were getting rich.
However, money was still backed by gold and things didn’t entirely get bad though it was deteriorating.
The issuance of gold receipts was taken from individuals when nations were born and
In 1971, the then president of the United States of America removed the gold backing of the dollar entirely and the US had the freedom to print as much money as they wanted.
Money became a currency because it now floats, there is no standard to hold it intact and anyone can make money.
With this said, let us look at Deuteronomy again, where God said it is He who gives us the power to make wealth.
Wealth is more than money but we are studying the prosperity angle of wealth.
You will agree with me that money is according to the value you can offer.
Why Bill Gates makes a lot of money is that he offers valuable services to the entire world.
The person who doesn’t have much money isn’t offering as much value as he is offering or in the scale at which he is offering the value.
That is the difference.
People get money out of nothing from Satan. When I mean nothing, I mean nothing tangible but it could be the exchange of life force for money or exchange of fertility for money or anything of value to you.
God doesn’t do that.
The scripture explicitly tells us the following.
Proverbs 10:22
“22 The blessing of the Lord, it maketh rich, and he addeth no sorrow with it.” KJV
3 John 1:2
“2 Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth.”
God gives us wealth and there is no sorrow and our soul prospers. Getting blessed by the enemy brings sorrow.
HOW DOES GOD GIVE US POWER TO MAKE WEALTH?
The word interpreted power in this verse is “ kôach”
Strong translated it to mean the following – to be firm; vigor, literally (force, in a good or a bad sense) or figuratively (capacity, means, produce); ability, able, force, fruits, might, power (-ful), strength, substance, wealth.
This means that God gives us the idea that can help us to make wealth.
Some ideas are large-scale ideas, some ideas are high-value.
The kind of ideas that generate wealth often are spirit-breathed.
They come from the spirit. Most hit songs, books, art, businesses and things of value came from the spirit.
It is God breathing on us.
Witty inventions come from the Spirit. The power to make wealth that comes with peace comes from God.
The favor that is attached to aid the business to thrive comes from God too.
Hope this helped you.
I love you.
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