đź’¬ Show Notes:
In this episode of the Morning Star Heritage Briefs, Christie explores the evolution of wealth and the significance of ideas in the American economic landscape. Drawing on Rick Joyner's insights, we discuss how the shift from physical assets to intellectual property has democratized wealth creation, enabling individuals to prosper. Discover the historical roots of America’s economic system and the Founding Fathers' foundational beliefs about private property and stewardship.
Join us for a compelling conversation about the intertwining of religious, economic, and political threads that have shaped the nation.
🗣️ Quotes from Rick Joyner
"The oxygen of the free market is freedom."
"The oxygen of the free market is freedom."
"We cannot lose if we do not quit."
🗣️ Quote from Thomas Jefferson
"Were we directed from Washington when to sow and when to reap, we should soon want bread."
"Were we directed from Washington when to sow and when to reap, we should soon want bread."
🗣️ Quote from Thomas Paine
"The cause of America is in a great measure, the cause of all mankind."
"The cause of America is in a great measure, the cause of all mankind."
đź“ť Blog Post Body:
In the latest episode of the Morning Star Heritage Briefs, host Chuck Christie takes listeners on a fascinating journey through the evolution of wealth and the significant role that ideas play in today’s economy. Drawing from the insights of Rick Joyner, this episode is a must-listen for anyone interested in understanding the foundations of the American Republic and how they continue to influence our lives today.
For nearly 6,000 years, wealth was traditionally measured by tangible assets such as property, livestock, and precious metals. However, Christie emphasizes a revolutionary shift that has occurred in the last couple of centuries: the rise of ideas as a primary measure of wealth. This transformation has democratized the opportunity for individuals from all walks of life to create and accumulate wealth through innovation and entrepreneurship.
The episode delves into the historical context of this shift, discussing how the free market emerged as a more democratic and less discriminatory economic system compared to those of the past. Christie highlights the importance of private property, a belief held dear by the Founding Fathers, and its foundational role in the stewardship of resources. By protecting private property, America has fostered an environment where initiative and hard work can flourish, allowing individuals to reap the rewards of their efforts.
Listeners will also learn about the significant impact of the American Revolution, which was not just a political upheaval but also a religious and economic one. The intertwining of these three strands—religious, economic, and political—has provided America with a unique strength that continues to be tested today. Christie poses thought-provoking questions about the future of these fundamental pillars and encourages listeners to consider their roles in preserving them.
As we navigate through modern challenges, the episode serves as a reminder of the importance of freedom in the marketplace. It underscores the idea that the most successful economies are those that allow for growth with minimal interference. The insights shared in this episode are not only relevant for understanding America's past but also for contemplating its future.
Tune in to this enlightening episode and discover how the values instilled by our forefathers continue to shape the landscape of wealth creation and economic freedom in America. Don't miss out on this opportunity to gain a deeper appreciation for the ideas that drive our economy and the principles that protect them.
✍️ Episode References
Rick Joyner
Thomas Jefferson
Thomas Paine
Ecclesiastes
Exodus
Automatic Shownotes
Chapters
Long Summary
In this episode of the Morningstar Heritage Briefs, I delve into the transformative power of ideas and explore how this shift has influenced not only wealth distribution but also the very fabric of our economy. Titled "Freedom Creates," this discussion takes inspiration from Rick Joyner's insights and examines nearly 6,000 years of recorded history regarding wealth measurement, encompassing everything from livestock and precious metals to the groundbreaking era of ideas emerging as the most valuable currency in our modern society.
As we navigate through this topic, I emphasize the remarkable evolution in how wealth can now be generated and owned by anyone with the initiative to realize a compelling idea. This democratization of wealth marks a significant societal shift where identity, class, and background no longer dictate one's potential for prosperity. The discussion highlights a pivotal transition where stocks and bonds overshadowed traditional measures of wealth, allowing broader participation in economic success and facilitating one of the most unprecedented wealth transfers from the elite to the masses.
The conversation also tackles the challenges that have arisen from this change, particularly in protecting the ownership of ideas. With the rising value of intellectual property, I delve into the rapid evolution of patents and copyrights, essential in safeguarding innovative thoughts against modern-day theft. Yet, despite these challenges, the intrinsic dynamics of a free market continue to show a greater level of democracy and accessibility than any previous economic or political system.
The discussion takes a deeper turn as I reflect on the role of corporations in this new economy—offering avenues for individuals to invest and share in the success of businesses in ways previously unimaginable. I underscore the organic growth of this market, facilitated largely by minimal interference from government entities, skillfully illustrating how this freedom became the oxygen for innovation and entrepreneurship.
I then pivot to consider the historical context of American exceptionalism in fostering a free-market environment. Drawing connections to the foundational beliefs of the American Founding Fathers, I explore the principle that protecting private property is fundamental not only for economic stewardship but also for societal wellbeing. The parable of the talents serves as a framework illustrating the sacred responsibility of stewardship that accompanies property ownership.
The dialogue leads us back to the origins of American colonies and the innovative spirit that arose when land was made accessible to the working class. This fundamental change, where initiative was rewarded, set the stage for a culture of hard work, leading to prosperity and economic growth. I explain that, much like the perseverance of the colonists who sought both freedom and the opportunity to practice their faith, the American Revolution represented an amalgamation of political, religious, and economic upheaval—a “cord of three strands” that fortified the nation against adversity.
As we navigate through these profound historical narratives, I raise critical questions about the current challenges faced in these spheres—challenges that have echoed throughout history yet have ultimately served to strengthen our foundational pillars. Drawing upon quotes from historical figures such as Thomas Jefferson and Thomas Paine, I underscore the notion that our commitment to resilience and perseverance will determine the future of our economic, political, and religious landscapes. This episode ultimately serves as a powerful reminder that our collective efforts today shape the ongoing narrative of freedom, initiative, and prosperity for all of humanity.
Brief Summary
In this episode of the Morningstar Heritage Briefs, I discuss the transformative power of ideas in wealth distribution and the economy, inspired by Rick Joyner's insights. We explore the shift from traditional wealth measurement to the rise of ideas as currency, emphasizing how this democratization allows anyone to achieve prosperity. I address the importance of protecting intellectual property amidst these changes and highlight the role of corporations in facilitating individual investment. Drawing historical parallels, I emphasize that our current actions shape the future narrative of freedom and opportunity for all.
Transcript
[0:08] Introduction to Freedom Creates
[0:00] Hello again, this is Chuck Christie, bringing you another segment of the Morningstar Heritage Briefs. This episode is entitled, Freedom Creates, Heritage Brief 16, by Rick Joyner. For the nearly 6,000 years of recorded history, wealth was measured in such things as property, livestock, precious metals, precious stones, and later coins issued by governments. In the Middle Ages, banknotes started to be issued as currency. In just the last couple hundred years, an amazing new commodity has grown to become the most valuable of all. That commodity is ideas.
[0:48] Today, an idea can have almost unlimited value. As ideas became so valuable, the opportunity to acquire and grow wealth became available to virtually anyone with initiative. It did not matter how poor you were or what race, creed, or religion you were, you could have an idea that could create great wealth. When ideas began to have such value, it brought about major changes to currency.
[1:16] The Value of Ideas
[1:17] The greatest wealth was no longer measured in such things as precious metals or property or even currency, but in stocks and bonds. This enabled people who may not get ideas to be able to invest in them and thereby share in the prosperity they produced. This released one of the biggest transfers of wealth from the few to the many in history. This also produced challenges such as how to protect the ownership of ideas. Patents and copyrights could have extraordinary value. Registering and protecting intellectual property had to evolve quickly, as modern thieves started focusing on stealing valuable ideas. Modern economic systems also had to become increasingly sophisticated. Even so, the free market was more democratic and less discriminating than any previous system, economic or political. Cool. A good example of how democratic the free market economy was is reflected in the growth of corporations as owners of businesses. Anyone could invest in a corporation, and the wealth created by the company was shared by all who did. It is truly one of the wonders of the world to see how such a remarkable economic system grew so organically.
[2:42] It was not engineered as much as steered, and even very little of that was required. The most brilliant political leaders and economists had the wisdom to stay out of its way, just nudging it occasionally to keep it on the right track. Occasionally, some bigger corrections were needed, such as reigning in the monopolies or excessive speculation. At times, major problems occurred because they were not addressed on time. Even so, political leaders who were presumptuous or too heavy-handed with the economy would cause it to slow or even result in a recession.
[3:21] The Role of Freedom in the Market
[3:22] The oxygen of the free market is freedom. This is not to imply that the free market was not helped along by some great and revolutionary thinkers, but the most powerful and successful free markets are those that were given the freedom to grow and mature with the least interference. For nearly two centuries, America was the freest and best place in the world for business, and many of the world's best and brightest came to america for that reason america did not invent the free market or bring about the advancing modern world but it was a place where initiative and innovation would be esteemed rewarded and the resulting fruit protected all of this was the result of having built a strong foundation of understanding and protecting the power of private property. The American Founding Fathers believed and taught that protecting private property was essential for the stewardship Jesus taught about in the parable of the talents. Talents were a measurement of currency in Jesus' time. Scripture states that the whole earth belongs to the Lord, see Exodus 19.5, so the resources he entrusts to us is a sacred trust.
[4:44] According to this parable, the good stewards are the ones that increase and
[4:50] Private Property and Stewardship
[4:48] multiply what he entrusts to them. Until the American Revolution, virtually the whole world was ruled by imperial governments, private property was allowed, but for the most part, it was restricted to the noble class. The counties that American states are divided into got their name from the word count, and.
[5:11] Which was a rank of nobility. The size of the counties reflected the approximate size of an average count's estate until the 20th century. The peasants, or lower classes, would work these estates for a share of the harvest, which is why some called them sharecroppers. It was rare for anyone from the lower classes to own land. Ultimately, the king and his nobles owned everything, so any invention would belong to them. For this reason, those who gave time or attention to innovate or invent were rare. The English colonies of North America evolved differently than English or other European cultures. When the common gardens in Jamestown and Plymouth were divided and given to the colonists to work, this became their property, and those who worked them
[6:08] Innovation and Land Ownership
[6:06] were the ones who benefited from them. This released initiative to many more people, and a devotion to innovation soon followed.
[6:15] As productivity soared because of this, many of these plots of ground given to individuals and families grew into large estates. To secure the extra labor needed to run them, the owners would pay the passage of those who would come to work for them a specified amount of time, usually seven years after the example of Jacob in the Bible. These were called indentured servants.
[6:43] After these had worked off the cost of their passage. They were given their own land to work, and so they in turn built their own estates. This freedom and the ability to acquire property by initiative and hard work drew those with initiative and diligence to the colonies. This caused hard work and initiative to become the culture of the colonies. The pilgrims and Puritans had already become known for their diligence and hard work. Because of this, every place they had settled prospered, but they were also constantly being persecuted because of their faith. So, to find a place where they were free to practice their faith was essential to them. With the discovery of the new world, they believed this was an answer to their prayers. As they brought their diligence along with their faith to the new world,
[7:42] The American Revolution's Impact
[7:40] they brought prosperity as well. The American Revolution was more than a political revolution.
[7:47] It was a religious and economic revolution as well. As Solomon wrote.
[7:53] A cord of three strands is not easily broken, see Ecclesiastes 4.12. It was the combining of these three major strands, the religious, the economic, and the political, into one that gave America great strength. To weaken any one of them is to weaken the whole. In these times, all three of these are under relentless assault, just as they have been from the beginning. To date, every challenge has ultimately ended up strengthening them. Will this continue in our time?
We will decide, but we have an unfair advantage. We cannot lose if we do not quit. Were we directed from Washington when to sow and when to reap, we should soon want bread. Thomas Jefferson.
The cause of America is in a great measure the cause of all mankind. Thomas Paine.
Copyright 2020 by Rick Joyner. All rights reserved.