Newcomers to the forex trading system may be asking themselves many difficult questions when it comes to considering putting their hard earned money onto the international FOReign EXchange trading system, or FOREX.  The purported ethical dilemma that some may see in this trading system is the fact that you are placing your money into a risky arena of hoping one currency will out perform another in a given amount of time.  Sometimes that currency could be representative of a small, poor country’s economic stature, or the might of a very strong economy.

The Christian perspective on the FOREX trading world is asking yourself how using your money to speculate against other currencies by selling and buying them would have an effect on the peoples of these countries; either directly or indirectly.   If it had an effect, would it be negative (making a country poorer) or positive (helping poor people get out of poverty).

In addition, and not only related to poor countries, is the fact that the entire world monetary system was hijacked and placed upon the feet of Satan by the end of the Bretton Woods Gold Standard in 1971 by President Nixon which used to guarantee a certain amount of gold for every certain amount of currency. This was the death knell of honest, non-speculative currency trading to which all Christians would have been proud of to trade in. Unfortunately, the social architects are working overtime to destabilize monetary markets in order to control the population.

Death of money is a term coined by Joel Kurtzman, a former editor of Harvard Business Review in 1993 to refer to the change in the economic nature of money in the United States following Richard Nixon’s removal of US Dollar from the Gold Standard (as in the Bretton Woods system), informally referred to as the Nixon Shock.

The concept of death of money also refers to the fundamental change in the nature of business transactions based on a complex, electronically managed system of valuations used for stocks, bonds, insurance policies and other financial contracts that go beyond the simple, historic notion of money representing physical reserves. A simple view of this concept is that if everyone decides to cash out their bank account on a single day, there is no longer enough paper money to represent it. In 2002, the Organization for Economic Cooperation and Development addressed this, along with many other financial issues, in their report on the Future of Money (Wikipedia, 2009).

“Whoever trusts in his riches will fall, but the righteous will thrive like a green leaf.” ~ Proverbs 11: 28
“Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.” ~Ecclesiastes 5:10
“A feast is made for laughter, and wine makes life merry, but money is the answer for everything.” ~Ecclesiastes 10:19

That being said, if one wanted to truly stay away from causing harm to poorer countries, it would be wise to stay away from them all together and just maintain a position between the major economies.  Indeed, if you were of the likes of George Soros betting your billions and billions of dollars against a country like Zimbabwe, it would probably cause that country a lot of damage, put a lot of money into your own pocket, but at whose cost?  George Soros is mentioned because he was infamously credited with single-handedly crashing the Thai economy  by speculating on a very large segment of Thai futures markets.
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Christians Stay Away from FOREX High Yield Programs

Investment programs such as high yield HYIP are mostly affiliates who defraud investors through the promise of return on investment as high as 80 percent per day. These scams have proliferated in the Western world since the legendary exploits of Charles Ponzi. Usually, the blatant unrealistic promises of income are reinforced by demands for exclusivity, limiting entries and a kind of secret formula that will allow unlimited profits for investors.

In the forex HYIP program, the fraudster often requires knowledge of a sort of secret formula that allows it to record high profits on a consistent basis. Since the alleged knowledge is almost certainly non-existent, its nature can be anything from an automated trading method, a kind of arbitrage strategy and exclusive, or less frequently, some combination of indicators techniques that allows the artist to outperform with professional investors and large corporations with great skill. What they say they are not relevant: Because in most cases they do nothing and just refund your money, depending on your seniority in the structure.

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