Kingdom of David Global Economic System

Global Monetary System

AN ALTERNATIVE GLOBAL ECONOMIC SYSTEM

The assets with intrinsic value able to satisfy the global economic engine without being depleted are also already enumerated thousands of years ago in the Bible which gives it a strong historical foundation of acceptance by over a billion of the worlds population.
It is written “For brass I will bring gold, and for iron I will bring brass, and for wood silver, and for stones iron”
The Kingdom of David global currency would be based on the hard assets of the Holy Land and would be exchangeable for materials that all of the nations posses at the exchange rates enumerated in the Bible.
A global currency alongside the currencies and economic system of the world will be a hedge and a security to nations and individuals.
The global governance would be the reestablished Kingdom of David.

Any global economic system to be perpetually effective must have

at its core the acceptance of those using it lest it be prone to the same results. A global monetary system must be based upon hard assets with intrinsic value just as gold or silver. The problem with that is there isn’t enough gold and silver in the world to satisfy the global monetary and currency needs of the world today and the same system would be tempted to go off the asset backed monetary standard and replace it with the fiat standard which would be a ticking global economic time bomb. The Principal Bases For A Stable Global Monetary System Are: 1) Acceptance of the new system by a significant proportion of the world’s population. 2) A monetary system based upon 100% acceptable hard assets with intrinsic value. 3) A global governance of that system without the temptation to undermine the above. HISTORY OF CURRENCY INTRINSIC VALUE Since time immemorial society has recognized the convenience and necessity of currency, without it most trade and economic activity would cease to exist. Currency in ancient times has been enumerated in a medium of recognized value such as gold; silver, bronze and copper just to name a few, where the value itself is intrinsic to the currency. Later countries began to use paper usually backed by gold or silver, as a more convenient medium for currency. In very recent times however most countries have followed the lead of the United States and stopped backing their currency with assets and the term “fiat currency” (from the Latin “let it be done”) is born. FIAT CURRENCY The result has been countries spending beyond their means and printing currency, which is essentially paper or electronic blips backed by nothing more then the “faith and credit” of the issuing country. This floods the market with more currency thereby devaluating the money supply already on the market. Interest rates are used by the issuing central banks to take some of that currency back off the market, in a sort of revolving shell game, for every dollar you borrow you pay back $1.10 thereby removing from the market currency, and enabling them to print more. While this system has worked so long as the countries lived more or less within their means, the current political reality across the world is that countries from the United States to the European Union are printing far more than they can take back in interest rates, flooding the market with more and more paper which represent the wealth of the nations. Now the house of cards is beginning to show signs of stress and actually beginning to crumble in nations such as Greece, Spain and even France has seen riots in the streets over austerity measures in an effort to reign in its spending. INTERCONNECTEDNESS OF GLOBAL CURRENCY Today the international economic system is interconnected in may ways from electronic banking, international trade, currency exchange and so much more. What is also interdependent in the currency of the nations is a global psychology of acceptance of fiat currency, which is relatively tenuous due to the unnatural aspect of trading something of value for paper; this is new to the human psyche. When the currency of a major country becomes worthless due to hyperinflation and devaluation, the risk is that the faith of other currencies will be shaken leading to a domino effect resulting in a global currency collapse as people seek protection in hard assets with intrinsic value such as gold and silver. Switzerland was the last country to go off the gold standard in May 2000. A single global currency has been suggested for decades, a World Dollar to displace all currencies is an old idea, which in recent years has gained, renewed favor and reports in major news headlines; that world bankers have been bandying about the idea of a world currency. While such notions have gone in and out of favor, usually regaining their luster during bad economic times as a road to global economic stability, the truth is even if such a currency were based upon hard assets such as gold, it would no doubt be controlled by a global bureaucracy that in time would go the way of all the other currencies; off the gold standard and back into a fiat currency, placing the world back to where it started.

THE GOVERNMENT

The Kingdom of David shall establish and administer an authorized economic system with historically established set values of exchange. The system and the exchange values have been set by the Creator therefore must be successful. THE GLOBAL EXCHANGE “For brass I will bring gold, and for iron I will bring silver, and for wood brass, and for stones iron: I will also make thy officers peace, and thine exactors righteousness.”

The Kingdom of David is a global governance that is Biblically authorized and if it were reestablished, it would enjoy world wide acceptance by over a billion of the worlds people who already have a long held historical connection and affinity to such a system. Nations want what is practical and effective and would join as the stability and prosperity of such a system makes sense for their nation. The assets with intrinsic value able to satisfy the global economic engine without being depleted are also already enumerated thousands of years ago in the Bible which gives it a strong historical foundation of acceptance by over a billion of the worlds population.
The Kingdom of David global currency would be based on the hard assets of the Holy Land and would be exchangeable for materials that all of the nations posses at the exchange rates enumerated in the Bible. A global currency alongside the currencies and economic system of the world will be a hedge and a security to nations and individuals.