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PT 1: WHY THE U.S. DOLLAR WILL FAIL AND WHY GOD’S MONEY-GOLD WILL PREVAIL
By Steven Garofalo, September 11, 2023 (Copyright 2023)
September 11, 2023

THE TRUTH ABOUT GOLD SERIES: PARTS 1-3

The Bible holds more than 189 verses about Gold. It has been said that Gold is “GOD’S MONEY” and FIATE (paper) currencies man's money. Before we discuss what God says about “God’s money”, we must first understand what “MONEY ACTUALLY IS” and why FIAT currency it’s not really money at all. In PART 1, I will explain what Money is, how it is used and manipulated by the government, and what that means for you in light of the money you have in the bank. Let’s get started.

WELCOME TO REASON FOR TRUTH…

Today in PART1 I want to explain what so called “MONEY” is in our modern world and why its eventual demise is imminent. I am going to show you that in a world full of FIAT currency (paper money) with nothing to back it or keep it from being printed or digitally expanded through QE Infinity, that the entire world is now facing the first “GLOBAL/WORLD” economy crises.

In PART 2, we will look at what God says through His word about gold and why you should be thinking about your finances in terms of gold as opposed to an IOW FIAT paper note.

Let’s hit the ground by simply clearing up the age old myth that the U.S. Dollar (all FIAT Currencies) are actual "MONEY". They are in fact NOT real money at all. In truth, they are called “LEGAL TENDER” or a “PROMISSORY NOTE”. Investopedia.com write in an article titled "LEGAL TENDER: DEFINITION, ECONOMIC FUNCTIONS, EXAMPLES" by The Investopedia TEAM, Updated June 13, 2021 Reviewed by charles Potters writes that "Legal tender is anything recognized by law as a means to settle a public or private debt to meet a fincncial obligation, including tax payments, contracts, and legal fines or damages. The national currency is legal tender in practically every country. A creditor is legally obligated to accept legal tender toeward repaymen of a debt...Legal tender is the legally recognized money within a given political juristiction. Legal tender serves the economic funtions of money plus a few additional functions such as making monetary policy and currency manipulation possible. IN THE U.S. THE RECOGNIZED LEGAL TENDER CONSISTS OF FEDERAL RESERVE NOTES AND COINS."

THE RUB lies within the fact that money should be monolithic, meaning it should be one thing and should not be able to be manipulated, or it looses it's value when duplicated through inflation., Furthermore, it's a "representation" of money supposedly held by the Federal Reserve" which is digitally created out of thin air and added/deposided to the government ledger by way of political decision. Legal tenure is a representation of something supposedly real. Look at a paper bill in your wallet or purse and read what it says.

U.S. Tenure
Caption

 

Most of the world’s money is based on FIAT-paper currencies that have been inflated well beyond repair. And in a matter of time, not too far from now, those currencies, the world’s currencies, which are all based on and tied too the American FIAT currency dollar will pop like an over inflated balloon, leaving the world’s economies in shambles.

According to Investopedia.Com entry titles, “Promissory Note: What It Is, Different Types, and Pros and Cons” By Adam Barone Updated May 24, 2023 and Reviewed by Margaret James and Fact checked by Suzanne KVILHAUG, G…

A banknote is a negotiable “promissory note” which one party can use to pay another party a specific amount of money. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note. Banknotes are considered “legal tender” along with coins, they make up the bearer “forms” of all modern money.

THIS BEGGS THE QUESTION AS TO WHAT IS A “PROMISSORY NOTE”? Promissory notes can lie between an IOU's informality and a loan contract's rigidity. An IOU merely acknowledges a debt and the amount one party owes another. A promissory note includes a promise to pay on demand or at a specified future date, and steps required for repayment (like the repayment schedule). In its simplest form, a promissory note might be a “WRITTEN PROMISE TO REPAY” a family member. The U.S. Dollar and all FIAT Currencies are just that, a “PROMISE TO REPAY YOU”, not real money. 

According to the International Monetary Fund, the U.S. dollar is the most popular. As of the fourth quarter of 2019, it makes up over 60% of all known central bank foreign exchange reserves. That makes it the de facto global currency, even though it doesn't hold an official title. 

Recent reports show the U.S. dollar slipping down to about 58% and continues to drop. The creation of the BRICKS nations, that number will begin to erode of the value U.S. dollar more rapidly.

The next closest reserve currency to the U.S. dollar is the euro. It makes up 20% of known central bank foreign currency reserves. Many believe that the chance of the euro becoming a world currency was damaged by the eurozone crisis. It revealed the difficulties of a monetary union that's guided by separate political entities. In truth, all FIAT-Paper-Non-Gold Backed currencies are doomed in great part regarding being the next Global Currency for the simple fact that every country to every produce a FIAT PAPER CURRENCY eventually abuses that privilege by printing up more and more money to the point of making it worthless; just as the U.S. Dollar has and continues to do.

YOUR MONEY IS NOT REALLY THERE IN A FRACTIONAL RESERVE BANKING SYSTEM:

In the United States and central banks around the world, banks operate under what is called “the fractional reserve system”. This means that banks are supposed to keep a percentage of their deposits as reserves in the form of vault cash or as deposits with the nearest Federal Reserve Bank while they can loan out the rest of their deposits to earn interest. Such banking practices formed the basis for the banking system's ability to "create" fixate paper money out of thin air. In reality, for every dollar you put in your bank, the bank lend’s out an average of 8-14 times by some estimations.

According to SeekingAlpha.Com under an article titled “WHAT IS FRACTIONAL RESERVE BANKING?”, Updated: Aug. 21, 2023 By: Richard Lehman,  “Fractional reserve banking dates back to Sweden in the 17th century and to the U.S. in 1791. The system's big test in the U.S. came as a result of the Crash of 1929 (The Wall Street Crash of 1929) which led to America's imfamous Great Drepression which lasted from 1929-1939. In the aftermath of that event, some 1300 banks failed in the U.S. by the following year as people withdrew their deposits in panic.

In 1934, the (Federal Deposit Insurance Corp) (FDIC) was set up to provide further protection for consumers in the event of a bank failure. When the fractional reserve banking system was again tested in the 2008 market crisis, Washington Mutual declared bankruptcy over its real estate loan losses but all depositors were made whole by the FDIC. 

Lehman goes onto explain How Fractional Reserve Lending Works In that Fractional reserve lending allows banks to lend against deposits not otherwise held in reserve. If the reserve requirement is 10% of deposits, then a bank can lend up to 90% of deposits. If there is no reserve requirement, as with time deposits, for example, the bank can lend out up to 100% of the deposits. As the bank lends money, that money is used for purchases, which can generate additional deposits. These, too, may be loaned to customers subject to the reserve requirement.

HOW ARE FRACTIONAL RESERVES ACTUALLY USED BY THE CENTRAL BANKS IN THE US?

Lehman then explains How Fractional Reserves Are Used In its role as the central bank in the US in that-The Federal Reserve uses the fractional reserve system to help regulate the supply of money in circulation as well as the overall safety of the banking system. When the Fed wants to stimulate the economy, it lowers the reserve requirement. When it wants to control an economy from overheating, it raises the reserve requirement, thereby tightening the money supply.

FINALLY, Lehman provides us with some PRO’S and CON’S of “FRACTIONAL RESERVE LENDING” which I believe you will find helpful:

Characteristics of Fractional Reserve Banking (Pros & Cons)

FIRST: Pros

  • Allows banks to make money from deposits, thus relieving depositors of the necessity to pay the bank for safekeeping their money.
  • Allows banks to stimulate growth in the economy by lending capital to individuals and businesses.
  • Allows the Fed to regulate the money supply in the economy and ensure bank safety by modifying the reserve requirement.
  • Has a multiplier effect that essentially creates additional money from base deposits.

NOW FOR THE CONS: Cons Included:

  • First, this can a does dramatically increase the risk of bank failure.
  • Second, this greatly concerns some economists that it can overheat the economy.

IN CONCLUSION:

In a world full of FIAT currency (paper money) with nothing to back them, we are facing the first global economic collapse based on a multiple world-wide countries all using FIAT-paper currencies that have been inflated well beyond repair. And in a matter of time, not too far from now, those currencies, the world’s currencies, which are all based on and tied too the American FIAT currency dollar will beginto fail or pop like an over inflated balloon, leaving the world’s economies in shambles. This is the focus of PART 1. In PART 2 we will look at what God says through His word about gold and why you should be thinking about your finances in terms of God's money which many call gold as opposed to an IOW paper note. And in PART 3, we will look more deeply as to why the Bible says GOLD IS GOOD. And this is WHY THE U.S. DOLLAR WILL FAIL AND WHY GOD’S MONEY-GOLD WILL PREVAIL. 

* Please SHARE with with your friends and ask them to join our community and get the truth of what is happening so that we can not only survive but thrive in our changing world-Steven Garofalo

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God's truth (Infallibility) is greater than man's inability to write down or transmit His word (Inerrancy) perfectly. God's truth remains true regardless if man regards or disregards it to be true.
 
Allow me to explain more in-depth. Inerrancy, is defined as the belief that Scripture contains no errors in its original manuscripts, so obviously inerrancy struggles with textual variants like John 8:1–11. The story is missing from the oldest Greek manuscripts (e.g., Codex Sinaiticus, Vaticanus) and its stylistic differences raise red flags for many textual critics. But if our faith rests solely on inerrant transmission, what happens when that transmission wavers? Are such passages now less inspired? We are warned from scripture itself that errant transmission could and can occur. God through Moses warns the Israelites that "You shall not add to the word which I am commanding you, nor take away from it, so that you may keep the commandments of the LORD your God which I am commanding you" (Deuteronomy 4:2).
 
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Infallible simply means “incapable of error.” The difference is God is incapable of error and is against His nature to error. "As for God, his way is perfect; the word of the Lord is flawless" (Psalm 18:30:). Inerrancy is like a flawless earthly mirror. Crack it, and it’s compromised. However, Infallibility is like the sun: Even if seen through a foggy lens, it still gives light and heat because its origin is not of the earth.
 
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Again, it is true that manuscripts such as Codex Sinaiticus omit stories like the Pericope Adulterae (John 7:53–8:11), leading some to question its authenticity. Yet, early Christians like Didymus the Blind (pre-Nicene era) affirmed the passage’s existence in "certain Gospels." Augustine later wrote that some scribes intentionally excluded the story out of fear it could be misused to justify sin using the story of the Pericope Adulterae.
 
“Certain persons of little faith... removed from their manuscripts the Lord's act of forgiveness toward the adulteress.” (Augustine 'De Adulterinis Coniugiis' - 419 A.D.)
 
This demonstrates that the story may have been removed due to fear, politics, or human discretion, but not by divine silence. In light of Psalm 119:89, we must remember that God's word is "SETTLED" [Greek: Natsab = stationed/established] in heaven before it’s written on earth.
 
This challenges an empirical view of truth. If divine revelation is only accepted when it aligns with surviving manuscripts, the church’s oral tradition, apostolic memory, and lived theology are undermined. The early church did not rely solely on manuscripts, but on witnesses, oral, and Spirit-led preservation. As Tertullian wrote in the 2nd century:
 
“We do not need curiosity after Christ Jesus, nor inquiry after the gospel. When we believe, we desire to believe nothing more. For this we believe, that there is nothing else which we ought to believe.” - Prescription Against Heretics, Ch. 7–8.
 
Scripture acknowledges its own incompleteness—yet affirms the completeness of God's eternal counsel.
 
The failure to accept any truth that has not been recorded in early papyri amounts to ignoring the 'heavenly library' where truth is established. There is a consensus among Scripture, tradition, and theology that the absence of paper does not imply the absence of preservation. Despite the fact that earth has not penned it, that does not mean heaven has not done so. As Christians, we believe that the eternal Word, who is Jesus Christ, the Logos (John 1:1-14), has embodied and preserved all truth, some written, some spoken, and some remembered in the heart of the Church. The Word of God cannot fail - even if manuscripts do. That is the beauty and greatness of infallibility over inerrancy.
 
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WORTHY LIFE-STAND-STRIVE & SUFFER
By Steven Garofalo (Copyright 2025 Steven Garofalo)

The Worthy Life: STAND-STRIVE and SUFFER

The Christian walk is not about lunches or dinners, outings, recreation or even retreats. While these are all good things when limited and kept in proper perspective. Today, I am going to show you what God tells us through the Apostle Paul in Philippians that above all things, God calls us to live “The Worthy Life”-meaning that He calls us to STAND, STRIVE and even SUFFER.

The Book of Philippians is the most personable letter that Paul wrote bar none. In this letter, Paul is thanking the Philippians church for their support and addresses subtly som underlying issues the church must have been facing at that time. For Example: in Philippians 1 verses 14-19, Paul says: 

“And most of the having become confident in the Lord by my imprisonment, are much more bold to speak the word without fear. Some indeed preach Christ from ENVY and RIVALRY, but others from good will.The latter do it out of love, knowing that I am put there for the defense of the gospel. The former proclaim Christ out of rivalry, not sincerely but thinking to afflict me in my imprisonment. What then? Only that in every way, whether in pretense or in truth, Christ is proclaimed and in that I rejoice. Yes, and I will rejoice” (Philippians 1:14-19)

MINISTRY MOTIVES

Paul’s example of steadfastness and witness under adverse circumstances made others bold to witness, though not always from the right motives. Those preaching from EVNY and STRIFE were not heretics, since they were preaching Christ. But apparently they were Jealous of the attention Paul received, and they they determined to sow seeds of dissension in order to cause him trouble. “SOME preached and ministered from goodwill”, meaning that other Christians preached Christ with good motives. They thought well of Paul and of the gospel message and were dedicated to serving God faithfully.

Paul uses the words “SELFISH AMBITION”: The motives of these believers were anything but good. The term for “Selfish Ambition” implies that they did not preach to honor God or to help Paul but rather to gain applause, attention and followers for themselves (2:3) NOT SINCERITY. Paul believes that these preachers actually desired to cause him additional problems while he was in prison. In the end, in essence, Paul is saying “There motives are between them and God,” Whether preaching was done for false motives or or purse, Paul was please that the gospel was being spread.

Paul is not condemning error like he did when he called down a curse on these who corrupt the gospels in Galatians 1:6-9. The issue was MOTIVE and ATTITUDE, not doctrine. Paul says “ I rejoice”, meaning that simply “TO BE GLAD”. Regardless of the motive though (v.15), if Christ was preached, Paul rejoiced. What a contrast is his noble and magnanimous spirit. How did he rejoice rather than grow angry and vengeful? I came from focusing on Jesus Christ (Hebrews 12:2).

With this backdrop and background, Paul says “LET YOUR MANNER OF LIFE BE WORTHY” (vss. 27-29). 

This is a political term meaning to “LIVE AS CITIZENS” (of heaven 3:20). To do this, believers should STAND, STRIVE and SUFFER as the church at Phillips were up against those who opposed the Gospels. Paul devotes the main section of his letter to instructing the Philippians on the importance of conducting their lives as servants who have dedicated themselves to their Lord. He illustrates this teaching by referring to the manner in which Jesus Christ , Timothy, Epaphroditus, and himself lived the “WORTH LIFE”.

LIVING THE WORTH LIFE
Paul said “LET YOUR CONDUCT” the word used could refer to discharging the obligations of a citizen, Because Philippi held the privileged status of a Roman colony, it’s citizens understood the responsibilities associated with citizenship. 

Paul where commanded them to shift their perspective from the earthly realm to the heavenly one., They should live in this world as citizens of another world, the heavenly kingdom. And their conduct reveal and reflect their heavenly citizens.

STAND FAST: This meant that they were not stand alone in isolation but together in oneness of spirit and mind, united for a common goal-being Christ.

STRIVING TOGETHER: Means teamwork is the key concept expressed by this Greek word, which literally means “to engage together in an athletic contest.”

“FOR THE FAITH”:  Paul makes’ clear that God never intended believers to be alone. His plan is that we should gather together in a church in order to strengthen and encourage each other (2:2). Paul was urging them to strive together, not just for the sake of their individual faith, but also on behalf of the truth of Christianity, their common faith.

TO SUFFER (v29): Suffering is actually a gift from God, for in the midst of suffering He comforts us (2 Corinthians 1:5) and enables us to rejoice (1 Peter4;12, 13). suffering is a blessing because it brings eternal reward (Matt. 5:1-12; 2 COR. 4:17; 2 Tim. 2:12). God sees suffering as a tool to accomplish His purpose o both in His son (Heb. 2:10) and in His children (1Peter 1:6, 7). Suffering moreover, matures us as Christians in the present (James 1;2-4) and enables us to be glorified with Christ in the future (Romans 8:17). 

CONCLUSION:
Let’s keep in mind that the Christian walk is not primarily about lunches or dinners, outings, recreation or even retreats. While these are all good things when limited and kept in proper perspective. Rather-God makes clear through Paul through Philippians chapter on-not only that we can, but that we SHOULD-better yet, we are COMMANDED by God to STAND, STRIVE and even SUFFER for the spread of the Gospel message-the TRUTH of Jesus Christ. And this is what it means to live the WORTHY LIFE. I trust you will join me in giving this some even deeper thought and prayer-despite where we are at in our Christian life-as live out your own Christian walk in our modern, godless age. 

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DO PETS GO TO HEAVEN?

When I was in seminary, the question was raised as to if pets or animals in general go to heaven. Our professor, Dr. Norman Geisler said this: “Jesus Christ came to earth and died on the Cross for the human race, not animals.” I was working out at the gym one day when one of the regulars, who had just moved to Charlotte, NC from California told me that one of her beloved dogs died; and would that dog go to heaven. I have her the same answer. But, was that the whole story? That’s what we are going to look at today.

In a peace by Michael Housman, Founder of GotQuestions.Org, Housman wrote that “The BIble does not give any explicit teaching on whether pets or animals in general have souls, or spirits, or whether pets and other animals will be in heaven.

His answer was short but the animals not having souls maybe up for debate.

We can use general biblical principles to develop some clarity on the subject though Housman wrote. The Bible states that both man (Genesis 2:7) and animals (Genesis 1:30; 6:17; 7:15 and 22) have the “BREATH OF LIFE” that is, both man and animals are living beings. Furthermore, the primary difference between human beings and animals is that humanity is made in the image and likeness of God (Genesis 1:26-27), while animals are not.

Being made in the image and likeness of God means that human beings are like God in some ways; they are capable of spirituality; they have a mind, emotion, and “will”; and part of their “being” continues after death.

If pets and other animals do have a “soul” (or spirit or immaterial aspect), it must therefore be of a different and lesser “quality”. This difference possibly means that pets and other animal “souls”  do not continue in existence after death.

Another factor to consider regarding whether pets will be in heaven is that animals are a port of God’s creative process in Genesis. God created the animals and said they were good (Genesis 1:25). Therefore, there is no reason why there could not be pets and animals on the NEW EARTH as described in (Revelation 21:1). 

In the end, there will most definitely be animals during the millennial kingdom (Isaiah 11:6; 65:25). It is impossible to say definitely whether some animals of these animals might be the pets we had here on earth. We do know that God is just and that when we get to heaven, we will find ourselves in complete agreement with His decision on this issue, whatever that turns out to be.

So, there you have it. I think that’s the best answer on the subject in all honest. Please remember to SUBSCRIBE to our channel and check out StevenGarofalo.Com for exclusive content and early release of our two weekly podcast.

Until next time, I’m your host Steven Garofalo, and this is your reason for truth for today.

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