Sunday, 9 December 2012

Day Eight: Second Sunday in Advent




As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy.

1 Timothy 6:17


We begin this second week of Advent by looking further at the nature of money, in order to prepare to consider what Jesus of Nazareth said in his Sermon on the Mount about using it. We need to probe the deeper reason why we cannot serve both God and money, why it is so very hard for a rich person to enter the spiritual life and why the love of money is the root of all evil.

Although money has great objective power in the world, it is a system of trust. When communities first created money, the trust operated locally: the things they used as money, like coloured beads, feathers and seashells had little intrinsic value. So long as everyone respected the system, valuable agricultural and diary produce like food and clothes could be worth an agreed number of relatively worthless beads or feathers. But as people began to travel greater differences, money needed to have worth of its own in order to travel with them.

The most common form of ‘valuable’ money to emerge in the ancient world was silver rings. The first coins were made at Lydia in Asia Minor in around BC 678 but coins, even ones made of gold and silver, rarely have a face value the same as the value of the metal. Paper money has significantly less value. During the 20th Century, plastic money became common: first charge cards, then credit, debit and prepaid cards, all of which are used like cash. Today, money need have no more substance than flickering figures on a touch screen.

It is estimated that about 97% of the money in circulation today has no physical existence and no material worth. In a debt economy, the only way that most money can exist is as minus figures in sophisticated banking systems. When money is transferred electronically, it may seem to disappear entirely for a while or appear to be in two places at once.

The presence of money in the real world (primarily the coins, notes and plastic cards) is the same sort of reality as a novel: it is ‘real’ only in that it gives expression to the idea. Although we try to make fiction real in many ways, it is never really real and the extent to which it affects our lives depends on how we relate to it.

That is the evil: not using money as a tool but serving and loving the system that encompasses it. Trusting in nothing but Mankind’s ultimate system of trust, the system that people rely on to meet their needs and fulfil their dreams.

I’ll conclude this thought tomorrow. But in the meantime, take some time to think what might happen if all the financial databases in the world were wiped clean overnight. How much would you have left?



_____________________________________________

You have been sent e-mail because you subscribed to this series of Advent Reflections. To unsubscribe, please send an e-mail to: adventreflections({[at]})clubhousew1((dot))org .

Copyright © All Souls Clubhouse Community Centre & Church and Philip Evans 2012.

Previous Reflections can be viewed at http://www.adventreflections2012.blogspot.co.uk .

Scripture quotations are from The Holy Bible, English Standard Version® (ESV®), copyright © 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved.  

These Advent Reflections do not teach personal finance skills and where these skills are mentioned the issues have been simplified. Handling money and dealing with money problems and debt can be complicated and neither the author nor anyone else involved in the production of these Reflections is responsible for any action you take, or fail to take, based on what is written here.

You are invited to put a link on your website to these Advent Reflections. You are welcome to copy these Reflections for personal study or for circulation to family and friends on a non-profit basis. For any other purpose, however, whether or not for profit, you will require written permission in advance from the author before copying, reproducing or transmitting extracts in any form or by any means, electronic or mechanical, including photocopying, recording or using any information storage and retrieval system.