Question: Could Saint Germain comment on his statement that in the golden age economy, money should not be used to make more money? Does this mean that loans should be interest-free? More generally, what kinds of investments are most aligned with the golden age?
Answer from the Ascended Master Saint Germain through Kim Michaels. This answer was given during the 2023 New Year’s webinar – Being a spiritual person in a chaotic world.
It has been said by business people that the hardest thing to do is to make your first million dollars. Once you have your first million, the money will start making money by itself, even without you having to do work or put your attention on it and therefore the money accumulates, builds of itself. And this is the economy that the fallen beings have set up, where you can make money without performing work, bringing forth an invention or giving service to life. This is not multiplying the talents because you are not seeking to raise up life but only yourself by making money.
This has many ramifications, as one example, let us look at the stock market. Originally, the entire idea of a stock market was conceived for a way for a business to raise capital to expand the business without having to go to a bank and take a bank loan. The business creates certain pieces of paper that are shares in the business. They sell these to people and people buy these shares because they are hoping that when the business uses the money to expand it will make more money. In return for this, the business promises to pay the shareholders a certain dividend per share. The more shares people have, the more they will be paid out but the size of the dividend per share will depend on the amount of profit that the business makes. This is, even in the golden age, a legitimate investment. It is even legitimate for the people who buy the shares because they are helping the business expand and the business will produce a product or provide a service that then benefits the customers and so forth.
What the fallen beings have done is that they have created an artificial overlay on top of the stock market, where now they are trading stocks not based on the dividends that they expect to get but based on the assumption that the stock prices will go up, so in some future time they can sell the stocks for more than they paid for them.
This is speculation. Buying stocks in order to get the dividend is an investment. Buying stocks in order to sell them at a higher price regardless of the dividends paid by the company is speculation.
Now, speculation is and can only be a pyramid scheme. You look at the stock market. You can go back decades. You can see what level the New York Stock Exchange was at 50 years ago and what level it is at today. You can see that even though there have been some ups and downs, the general trend has been up. But ask yourself, how can stock prices continue to go up?
Well, there is only one way because there is continually new people who are entering the stock market and buying stock. And all of these people are part of this drive that they are not buying the stock because of the dividends that they can be paid out, they are buying the stock by speculation that the stock price will continue to increase, so one day the stocks will be worth more than they paid for them. And for some time now in America, it has been that people’s pension plans have been used to invest in the stock market in order to give people supposedly a bigger return. But this is a pyramid scheme and you know what is the basis of a pyramid scheme. As long as you can attract new people who are buying into the scheme, those at the top can continue to make money. But if you come to a point where you are not attracting new people, then the entire pyramid will collapse. And this is what can and at some point must happen to the stock market.
The same goes for other kinds of speculation, such as what you see now, the enormous speculation and profit taking in the energy market and in food and commodities. Consumers around the world are paying much more for energy, much more for basic necessities than they would be paying if there was not this speculation. This is not providing a service to life. This is a small elite taking advantage of the majority of the population. It obviously is not something that can continue in the golden age. The same thing could be said about loans and interest. In the golden age, there will not be banks that provide loans by creating money out of nothing and charging interest then offering this money created out of nothing. Instead there would be other ways to extend credit as a form of investment in society. For the growth of society, you can extend credit to individuals or businesses.
Basically, as I have said before, the guideline for the golden age economy is you provide a service by either providing a product, bringing forth an invention or new idea, or by serving other people in various ways. This can be something as simple as cutting their hair. You are not producing a product, you are not bringing forth any new invention but people cannot cut their own hair so you are providing a service and it is legitimate to make money on this. This is going to be the guideline for the golden age economy.
And these kind of investments that can only be done by people who already have money will simply be stopped by society because society will see that it is to the detriment of the population and the entire economy. It actually lowers the level of the entire economy. If you had not allowed the top 2% of the United States to accumulate more than 90% of the wealth, the US economy would have been at a much higher level where the average income, the average standard of living, would have been considerably higher than it is today.
Copyright © 2023 Kim Michaels