Greg J Dixon

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The Generation Gap: Part VIII - John Maynard Keynes

(Continued from June 05, 2014 Freedom's Phoenix -

            Tomorrow: Part XI - Soren Kierkegaard - Existentialism

This is the eighth in this series based on the Georgia Guidelines, the gigantic New Age Monument in Elbert, County, Georgia, that has engraved upon it the Ten Commandments of the New World Order.  In this series we are also showing how the men who financed this monument have the same agenda that dovetails with the seven men who still rule the world from their grave that Dave Breese wrote about in his book titled, Seven Men Who Rule the World from the Grave (Moody Press - 1990).  In this article we put John Maynard Keynes and his financial theories under the economic crosshairs through the aid of Breese's excellent research on the life and philosophy of Keynes.  He is the sixth of these seven influential men that we will study in this series, in which we will also attempt to give a brief history of the financial history of America since 1920.

The "Roaring Twenties" were like nothing like them up until that time.  The nation had just come out of the "War to end all Wars" that was to have made the "World safe for Democracy", according to President Woodrow Wilson.  The aftermath of that bloodbath from 1914-18 had left an estimated 10 million dead and another 20 million wounded on the battlefields of Europe.  Religious liberals, always optimistic with their Wellhausen doctrine of evolution in religion, were influencing the culture more than ever to move forward on all fronts, but especially in the area of economic progress.

Corporate profits were up, thanks to new techniques of mass production, therefore Income was up in most endeavors.  Prices were stable, savings and life insurance doubled and business had added growth with the addition of chain stores and installment buying.  Prosperity seemed to have no ceiling.  Add to that the price of stocks which soared to unbelievable levels.  Ordinary people made a killing.  A valet made $250,000, and a housewife $30,000 in no time.  People were buying stocks on the margin.  The stock market rode a rocket upward and then came black Tuesday, Oct. 29, 1929, when the stock market crashed.  By the time it was over more than $30 billion was lost, and of course people began to ask why?  My own Grandfather, W.O. Dixon owned one of the most successful furniture store businesses in Wichita, Kansas.  However because of installment buying he lost his business, because one of the FDR "New Deal" laws was to waive installment debts, but it didn't waive the debts of the business community, therefore a large amount of the small business community was destroyed overnight all over the land.

There had been many telltale signs even before the crash, like two banks a day had been failing for some time.  But few ever connected the fact that not only had the nation been on a money binge but they had been on a ten year toboggan of slime called SIN and debauchery.  War always opens the floodgates of wickedness.  Innocent young men left the farms and went to war and tasted blood for the first time and also were touched by sins that they would have never experienced.  There was a song that Eddie Cantor sang at that time that summed it all up, "How Ya Gonna Keep 'Em Down on the Farm after they've seen Paree?"  The Roaring Twenties brought the speakeasies, flappers, jazz and open rebellion against the Old time Religion, Billy Sunday and prohibition that was ratified in the form of the 18th Amendment in 1919.

 But as always, man looks for a savior everywhere but to God and His divine rule book the Bible and so they turned to a man who they thought had the answers to their economic problems, but in reality he was selling economic "snake oil."  That man was John Maynard Keynes.  They were willing to hook up with anyone who could stop the free fall that from 1930-32 saw the national income in America drop from $87 to $42 billion.  The nation punished the Republicans by showing Herbert Hoover the door and electing Franklin D. Roosevelt who ran on the slogan that promised a "New Deal."  But as we know now the nation had slid into the "Great Depression" that would last until World War II finally gave us relief by finally putting everyone back to work with the war effort. But before that relief would come the western world would embrace a man and his economic solutions which we still suffer from today, called Keynesian economics. It changed the face of the world and affects every living person even to this time.


John Maynard Keynes  

Who was this world changer?  Keynes was a well-bred Englishman born in 1883 (the year Karl Marx died) and went to King's College Cambridge.  It was there that he showed his brilliance and proved himself a winning debater.  His professors asked him to consider becoming a full-time economist.  Temporarily he went into civil service for the British government and by 1907 he was in the India Office where he wrote a treatise in 1913, Indian Currency and Finance.  As a result, at 29 he was invited to be a member of the Royal Commission on the problems of currency in India.  Back at Cambridge he became Editor of the Economic Journal, Britiain's most influential economic publication, for the next thirty-three years.  As WW I drew near, Keynes was asked by his government to serve in the Treasury and was assigned to work on the overseas finances of Britain which brought him into the swirl of world finance.  Some thought he did more than any other in civilian life to the winning of the war.

To the years between the wars he gained a reputation of being an important person in the field of economics, especially as it relates to government.  Following the war he went to Paris as Deputy for the Chancellor of the Exchequer and had full power to make decisions as a representative of the Treasury at the Peace Conference.  He strongly disagreed with the decisions which he believed would lead to another war, which turned out to be right.  He wrote a book titled, The Economic Consequences of the Peace, which further confirmed Keynes as an economist and brought him fame.  His insider trading abilities especially in the international currency markets brought him not only fame but also great wealth.  Keynes began thinking more about the global economy and what could be done to prevent such economic disasters of 1929-33 and eventually became the pervasive influence in the Roosevelt Administration as he had been in Britain.  His complicated economic theories were written in a book titled, The General Theory of Employment, Interest and Money.  It is tedious reading but can be simplified in a few pointed thoughts. Basically nothing would bring a nation out of a prolonged depression except, "specific, planned, government investment.  In other words government would become God.  The Bible says just the opposite.  The Lord Jesus taught, "Give us this day our daily bread," Paul the Apostle taught, "…if any would not work, neither should he eat."   However, to Keynes, government was the golden panacea.  He preached that the main responsibility of government was to maintain full employment even if it had to borrow money and assume mounting debt to do so.  He believed that America and the entire Western world was on the verge of economic collapse and that he had the answer to stave off that catastrophe.  Did he see that he was in fact creating a permanent condition of government borrowing and deficit spending that would become the norm for the nations for decades to come, here is what he said in his book On the Economic Consequences of the Peace.  "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."  So let each of us make our own determination what he meant, the outcome is the same.

   The Keynesian view is that government has all of the answers, government is the final resource and that government can solve every problem and that it can create something out of nothing, namely, prosperity, which again would mean that Government is God.  This is a clear violation of the First Commandment, "Thou shalt have no other gods before me."   Government is God!  That is Keynesian economics.  In the 1930's when people began to question this doctrine of debt, the answer was, "We owe the money to ourselves."  The answer was the same as people bought government bonds to finance the "New Deal" programs and later the debt of WW II.  In fact I can remember my own father making that statement.  But then I can remember when the debt became so large that the American people couldn't sustain it and we went off of the gold standard and President Richard Nixon went to China.  Why did he go?  It opened up diplomatic relations with that Communist regime which enabled them later to begin buying our debt through the production of our goods with slave labor so that we could buy them back at bargain prices at Walmart.  It shocked the conservative world when President Nixon said, "I am a Keynesian."  But from that point forward, no presidential candidate has made any serious effort to reduce the national debt or to balance the budget.  It is impossible because we have gone off of constitutional money which is "gold and silver coin for the payment of debts" to fiat (faith) money (paper money) which is only worth the faith and credit of the United States of America.  Our total debt in 1900 was $20 billion, in 1971 when we went off of the gold standard it was $1 Trillion, when President Obama took office in 2008, it was $14 Trillion, and today over it is over $17 Trillion and by the time Obama leaves office it will exceed $20 Trillion.

 Lenin said, "The capitalists will sell us the rope with which to hang them on."  This statement has come true.  The founder of the Koch dynasty made his fortune selling American oil technology to Stalin, and that allowed him to win WWII and after the war, at Yalta, Churchill and Roosevelt allowed Stalin's iron boot of Communism to take over a great portion of Eastern Europe.  Pratt & Whitney Inc. has admitted selling software to the People's Republic of China that allowed them to develop the Z-10 Attack Helicopter.   Equal to if not superior to American helicopters it advances China into the 21st century in a big way.  

Keynes succeeded in putting the nations in a position where they must come together and form an international management committee.  The debt of the nations must be rolled into an international currency where the whole world shares the world debt and the world economy.  You will find this happening as you study Rev. Ch. 13 and you see its collapse in Rev. 18.  It will be held together by a world political leader called the Anti-Christ and world religious system also discussed in those chapters and also Rev. Ch. 17.  To participate in the economic system it will require a mark on the right hand or forehead, and will include the number or name of a super man who will not only solve the financial and political solutions of the world for a season and bring about world peace, but also will require the worship of every person on earth on the penalty of death.  We are right on the threshold of this system coming into existence before our very eyes.  But before this happens the Lord Jesus Christ will return to receive those who are "looking for Him" (Heb. 9:28).

However it is later than we realize because this international committee is already in place and in operation.  The following was in the 2013 Spring Edition of Gary Kah's Hope for the World Update in an article by Michael T. Snyder titled: Who Controls the Money? (Used by permission).

 A powerful international organization secretly controls the money supply of the entire globe.  It is the Bank of International Settlements (BIS) and is the central bank of central banks located in Basel, Switzerland with branches in Hong Kong and Mexico City.  It is unelected and unaccountable and immune from taxation and national laws.  There is an article about it in the Dec. 12, 2012 Wall St. Journal.  Every two months, more than a dozen bankers meet on Sunday evenings to talk and dine on the 18th floor of the headquarters that is called the Tower of Basel that reminds one of the Tower of Babel.  At the table are the chiefs of the world's biggest banks, representing countries that annually produce 51 Trillion of gross domestic product, three quarters of the world's economic output.  The bank of England's Mr. King leads the dinner discussions.   No staff members are allowed, there is an atmosphere of absolute secrecy.  There are no transcripts or minutes.  These men now are nearly in a position to control the total financial destiny of the world.  This is what Georgetown Professor Carroll Quigley wrote in his book Tragedy and Hope in 1966, but like Hitler's Mein Kampf few read it and those that did paid no attention.

 "The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.  This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.  The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations."

 At this time the BIS was only starting to play a major role in global affairs, but now nearly sixty years later, things have changed drastically on the world scene.  All of this should give great hope to the believer in Christ.  First we should rejoice in the absolute confidence in the absolute "Sure word of prophecy" that we have in the Word of God so that we do not have to be in the dark as these awful days come upon the world.  It also gives us an opportunity to get our own spiritual and physical house in order, not only for ourselves but our families.  We should certainly heed the solemn warning of Peter as he preached on the day of Pentecost, "…Save yourselves from this untoward generation." 

 And the words of Paul at Rom 13:11-14  "And that, knowing the time, that now it is high time to awake out of sleep: for now is our salvation nearer than when we believed.  The night is far spent, the day is at hand: let us therefore cast off the works of darkness, and let us put on the armour of light.  Let us walk honestly, as in the day; not in rioting and drunkenness, not in chambering and wantonness, not in strife and envying. But put ye on the Lord Jesus Christ, and make not provision for the flesh, to fulfil the lusts thereof."


Dr. Dixon was a pastor for nearly fifty years until he retired from the active pastorate.  He is now the National Director of the Biblical Law Center


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