Preserving the Free Market<br />Dan Smithwick<br />Nehemiah Institute<br />
Topics of presentation<br /><ul><li>Overview of money- what is it?
Overview of banking
State of economy- why the mess?
Overview of Free Market Course</li></li></ul><li>Certification process<br /><ul><li>Completion of full PEERS Test with rea...
Review of Free Market PP Presentation
Complete review of Free Market course
Good standing with local church</li></li></ul><li>Quiz-<br />Which is more accurate-<br />A:	Wealth produces money<br />or...
Wealth & Money in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Wealth vs. other key themes in the Bible<br />
Which is more accurate-<br />A:	Wealth produces money<br />or<br />B:	Money produces wealth<br />Correct Answer: A<br />
Wealth vs. Money<br />Wealth- 1) Accumulation of natural assets <br />OR, 2) Conversion of raw assets into objects of per...
Money<br />A convenient commodity to facilitate ease of trading wealth between consenting individuals<br />Commodity: Phy...
Characteristics of money (commodity)-<br />Divisibility<br />Durability<br />Recognizability<br />Transportability<br />Sc...
Types of Money (Commodity)<br />Over 30 objects have been used<br />
Creation of Banks<br />Duty-<br />Hold commodity and issue notes (currencies) to depositors which could be passed between ...
Creation of Central Bank(Federal Reserve System – 1913)<br /><ul><li>Creature From Jeykll Island
Gang of 7 met with undisclosed purpose
Devise secret plan to:</li></ul>	1. Create ‘money’ out of nothing<br />	2. Loan it out to public for interest <br />	3. Be...
Creation of ‘Fractional Reserve Banking’<br /><ul><li>Customer deposits $1,000
Bank is required to keep 10% on reserve ($100), can loan other $900, for interest
Recipient of $900 loan deposits funds in his acct
Bank must keep 10%, $90, can loan $810
Repeat, repeat,---
Can ultimately result in $9,000 of new “money”</li></li></ul><li>Result of ‘Fractional Reserve Banking’<br />$9,000<br /><...
Fiat- “let it be”</li></ul>$1,000<br />And God said, <br />“Let there be--.”<br />
New commodity-<br />R.I.P.<br />X<br />1900-1973<br />
Historical review--<br />wealth<br />money<br />currency<br />$<br />
Modern-day practice-<br />wealth<br />Removal of commodities<br />Currency as money<br />
Paper as commodity-<br />Yes<br />____ Divisibility<br />____ Durability<br />____ Recognizability<br />____ Transportabil...
Currency inflation<br />
Doctrine of ‘money’<br />Biblical doctrine of ‘just weights and measures.’	<br /><ul><li>Lev 19:35,36</li></ul>You shall d...
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Preserving the Free Market

A 8-12 week course on the basics for 'free market' economics and why the Free Market must be preserved to maintain liberty.
Published on: Mar 4, 2016
Published in: Business      Economy & Finance      
Source: www.slideshare.net


Transcripts - Preserving the Free Market

  • 1. Preserving the Free Market<br />Dan Smithwick<br />Nehemiah Institute<br />
  • 2. Topics of presentation<br /><ul><li>Overview of money- what is it?
  • 3. Overview of banking
  • 4. State of economy- why the mess?
  • 5. Overview of Free Market Course</li></li></ul><li>Certification process<br /><ul><li>Completion of full PEERS Test with reasonable results
  • 6. Review of Free Market PP Presentation
  • 7. Complete review of Free Market course
  • 8. Good standing with local church</li></li></ul><li>Quiz-<br />Which is more accurate-<br />A: Wealth produces money<br />or<br />B: Money produces wealth<br />
  • 9. Wealth & Money in the Bible<br />
  • 10. Wealth vs. other key themes in the Bible<br />
  • 11. Wealth vs. other key themes in the Bible<br />
  • 12. Wealth vs. other key themes in the Bible<br />
  • 13. Wealth vs. other key themes in the Bible<br />
  • 14. Wealth vs. other key themes in the Bible<br />
  • 15. Wealth vs. other key themes in the Bible<br />
  • 16. Wealth vs. other key themes in the Bible<br />
  • 17. Wealth vs. other key themes in the Bible<br />
  • 18. Which is more accurate-<br />A: Wealth produces money<br />or<br />B: Money produces wealth<br />Correct Answer: A<br />
  • 19. Wealth vs. Money<br />Wealth- 1) Accumulation of natural assets <br />OR, 2) Conversion of raw assets into objects of perceived value.<br />Freedom to respond to gifting and calling of God<br />
  • 20. Money<br />A convenient commodity to facilitate ease of trading wealth between consenting individuals<br />Commodity: Physical object of perceived value<br />Not currency!<br />
  • 21. Characteristics of money (commodity)-<br />Divisibility<br />Durability<br />Recognizability<br />Transportability<br />Scarcity<br />
  • 22. Types of Money (Commodity)<br />Over 30 objects have been used<br />
  • 23. Creation of Banks<br />Duty-<br />Hold commodity and issue notes (currencies) to depositors which could be passed between consenting individuals for free-market exchange of goods and services.<br />Bank<br />“banca”<br />
  • 24. Creation of Central Bank(Federal Reserve System – 1913)<br /><ul><li>Creature From Jeykll Island
  • 25. Gang of 7 met with undisclosed purpose
  • 26. Devise secret plan to:</li></ul> 1. Create ‘money’ out of nothing<br /> 2. Loan it out to public for interest <br /> 3. Become super wealthy<br />
  • 27. Creation of ‘Fractional Reserve Banking’<br /><ul><li>Customer deposits $1,000
  • 28. Bank is required to keep 10% on reserve ($100), can loan other $900, for interest
  • 29. Recipient of $900 loan deposits funds in his acct
  • 30. Bank must keep 10%, $90, can loan $810
  • 31. Repeat, repeat,---
  • 32. Can ultimately result in $9,000 of new “money”</li></li></ul><li>Result of ‘Fractional Reserve Banking’<br />$9,000<br /><ul><li>Called: Fiat money
  • 33. Fiat- “let it be”</li></ul>$1,000<br />And God said, <br />“Let there be--.”<br />
  • 34. New commodity-<br />R.I.P.<br />X<br />1900-1973<br />
  • 35. Historical review--<br />wealth<br />money<br />currency<br />$<br />
  • 36. Modern-day practice-<br />wealth<br />Removal of commodities<br />Currency as money<br />
  • 37. Paper as commodity-<br />Yes<br />____ Divisibility<br />____ Durability<br />____ Recognizability<br />____ Transportability<br />____ Scarcity<br />Yes<br />Yes<br />Yes<br />No<br />What is the result of ‘paper money?’<br />
  • 38. Currency inflation<br />
  • 39. Doctrine of ‘money’<br />Biblical doctrine of ‘just weights and measures.’ <br /><ul><li>Lev 19:35,36</li></ul>You shall do no wrong in judgment, in measurement of weight, or capacity. You shall have just balances, just weights, a just ephah, and a just hin; I am the LORD your God, who brought you out from the land of Egypt. <br />
  • 40. Doctrine of ‘money’<br /><ul><li>Proverbs 16:11</li></ul>A just balance and scales belong to the LORD; All the weights of the bag are His concern.<br /><ul><li>Proverbs 20:10</li></ul>Differing weights and differing measures, Both of them are abominable to the LORD.<br />
  • 41. Doctrine of ‘money’<br />Deut. 8:18<br />But you shall remember the LORD your God, for it is He who is giving you power to make wealth, that He may establish His covenant which He swore to your fathers, as it is this day.<br />Point:<br />Sound money comes only with sound theology.<br />
  • 42. Financial crisis<br />State of<br />U.S. Economy<br />Future of <br />U.S. Economy<br />1913<br />2020?<br />
  • 43. PEERS Trend Analysis<br />95% of Christian youth<br />2014-18<br />
  • 44. Key questions-<br />What is needed for creation of real wealth? <br />W<br />O<br />D<br />S<br />I<br />M<br />How does one acquire wisdom?<br />The fear of the LORD is the beginning of wisdom: and the knowledge of the holy is understanding. <br />(Proverbs. 9:10)<br />
  • 45. Politics How we govern<br /> EconomicsHow we prosper<br />Education How we learn<br />ReligionWhat we worship<br /> <br />Social Issues How we relate<br /> <br />Worldview Categories<br />
  • 46. Two choices <br />Nehemiah Plan<br />“Obama” Plan<br />Print more money<br />Study/obey God’s Word<br />
  • 47. Course: Preserving the Free Market<br /><ul><li>Biblical Principles of Economics
  • 48. Biblical Principles of Government
  • 49. Course of Action- Where do we go from Here?</li></li></ul><li>Course: Preserving the Free Market<br /><ul><li>Cost: $39.95 per person; $59.95 per couple</li></ul> (includes PEERS Test, taken in advance)<br /><ul><li>Length: 8 weeks at 50-minute sessions</li></ul> 12 weeks at 80-minute sessions<br />Call:<br />1-800-948-3101<br />
  • 50. Certified Instructor Benefits<br /><ul><li>Teacher’s Edition
  • 51. Set of Enhanced Position Papers
  • 52. Power Point files
  • 53. Sample Brochures & Business Cards
  • 54. 25% discount on Class Member Booklets
  • 55. Ongoing training with Dan Smithwick</li></ul>One-time certification fee: $95.00<br />
  • 56. The end--<br />“Come, let us build—”<br />Neh. 2:17<br />

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