Interview: Doug Tjaden
I Came To Give”

Part 1

(join us next Wednesday Aug 4th 8am for Part 2 – local currencies)

Doug Tjaden serves as co-leader of the Public Policy Focus Group for the Global Council of Nations/Statesmen Project and is founder of Project Thrive 21, a non-profit dedicated to establishing love for neighbors as the economic foundation of local communities. In early 2021 he released his book, “ I Came To Give   – Understanding the Great Reset and the Coming Age of Abundance.” Doug is working with others to design and develop a new means of value exchange that is based on God’s principles of cooperation, stewardship and abundance.

Doug has done extensive work in the Kingdom economy and the alternative currency arena. Here are a couple of short intro videos to his book: and here

His website is

This discussion will likely go over two Wednesday mornings to get through everything Doug has focused on regarding Kingdom economics and the Ecclesia aka The Church taking back what the enemy has stolen in the economic, currency and financial realm.

Interview Agenda:

1. Intro Doug Tjaden. So Doug, what do you work on, who are you connected with, and what’s your story of how you got here (testimony)?

2. “I Came To Give” book. What prompted you to write it? What’s in it?

3. One of your areas of focus is on currency. The world’s history of it. What the bible has to say about it. And what is God saying about it for believers today? Why does currency matter?

4. Give us an implementation example at work today of a local agricultural backed currency: Community “X” predominantly grows “Y”.

5. Practical example of how a network of local currencies can work (be exchanged for one another). (the Bancor Network system being implemented in Israel as example)

Can we start a Judeo-Christian Bank?

federal reserve.jpg

Recently our friend Chris Adams (Navy Chaplain, Newport, RI) posed this very question out of a desire that he would rather pay someone he knows and trusts interest on his mortgage instead of his mortgage bank. Further, he quoted this article:

Christian Motivational Speaker Starts Bank in Response to the Rise of Cancel Culture in the Private Sector:

So, a potentially added benefit of having a Christian bank, is that one couldn’t be “cancelled” out of use of credit for standing for a Christian cause, such as being pro-life.

So, what about it? Can we start a Judeo Christian Bank? Do we want to? Why or why not?

The answer is yes, anyone can start a bank if you get a bank charter, meet the capital requirements, and all the “banking” regulations. You can do this in a variety of ways. You can start de-novo. You can buy an existing bank. You can create a credit union which is a close cousin of a bank, but it is cooperatively owned by the affiliate group that creates a membership (getting warmer). However, anything called a “bank”, “thrift”, “savings and loan”, or “credit union” are ultimately regulated by the Federal Reserve, OTS and/or state regulators serving a similar function. That is because they use a system called “fractional reserve banking” where depositors deposit their money and the bank determines who to “lend” to using their own credit decision making criteria. Borrow money from a depositor at 1% interest, the bank has to keep only 10% of the deposit and gets to lend 90% of the money to say a business at 10% interest. Hence, the bank makes a 9% spread. You get the idea.

However, because of the risk of these loans failing, regulators have very strict requirements of any bank conducting such fractional banking practices. The regulators and the government have set up insurance entities such as the FDIC (Federal Depository Insurance Company) to insure depositors against the risk of any bank making “bad loans”. In other words, the regulators in an effort to try to protect depositors and taxpayers from “bailing-out” or “bailing-in” the banks (due to “bad loans”) are very strict with how money is lent out. But most importantly, the regulators require the following banking practices be performed, which make for good business and profit, but which go directly against what the scriptures teach us to do:

Why starting a Christian regulated “bank” may NOT be God’s best and highest:

Gregg, I care more about how you make your money, than what you do with it” – 2009

Banking Regulations

Ful-recourse loans, ideally secured by assets

  • At the end of every seven years you must cancel debts. Deut 15:1
  • the master called the servant in. ‘You wicked servant,’ he said, ‘I canceled all that debt of yours because you begged me to. Shouldn’t you have had mercy on your fellow servant just as I had on you? Matthew 18:32-33
  • if … a wicked person… turn[s] away from their sin and do[es] what is just and right—if they give back what they took in pledge for a loan… Ezekiel 33:14-15

Loans must be made at interest

  • You shall not charge interest on loans to your brother Deut 23:19

Loans are to be made to the best credits – i.e. the wealthiest, most credit worthy customers

  • And if you lend to those from whom you expect repayment, what credit is that to you? Even sinners lend to sinners, expecting to be repaid in full. Luke 6:34

Strict regulation of sub-prime credits, where more interest and fees must be charged to “risk-adjust” a less stellar credit

  • Whoever increases wealth by taking interest or profit from the poor amasses it for another, who will be kind to the poor.” Deut 28:8

No lending to bad credits

  • But love your enemies, do good to them, and lend to them without expecting to get anything back Luke 6:35

Lending must be “arms-length”, the definition of which includes no special terms in lending for those you know or want to help personally

  • If anyone is poor among you… do not be hardhearted or tightfisted toward them. Rather, be open handed and freely lend them whatever they need. Deut 15:7-8

Credits need to be scored by commercially accepted methods – i.e., FICO scoring (debt history and strength of income / balance sheet) is more important than personal knowledge / reputation and character.

The Storehouse Strategy:
How it differs from traditional banking

Full reserve banking – it’s your money, you decide how to give, invest or spend it

More of a payment platform and human exchange to facilitate biblical economy and discipleship (than a way of passively making a profit and/or impersonally getting the use of money at a price)

Biblical lending, which is non-recourse, non-interest bearing

Trusting God instead of man

Giving and receiving rather than contractual obligation

The wicked borrow and do not repay, but the righteous give generously

Psalm 37:21

Voluntarily providing returns to those who lend or “invest” in you, either out of your desire to bless back and/or out of your profit

When lending to others, you are making the decision to trust God and the community instead of making money off of other people’s backs (the borrower is slave to the lender)

Common funds such as the “Storehouse” or “Joseph Funds” pool assets together for good in the community and to advance the Kingdom together (Acts 2 & 4)

More Reason to go Storehouse
(instead of traditional Bank)

Part of our responsibility here I believe will also be to pray for the breaking of the mindset your parents generation and many others have.  The real risk here is staying in the current system which at some point will be demolished versus shifting out now while there is time. (the crux of Gregg’s passion and teaching). Very similar to the warning Jesus gave in Luke 23:27-29.

While it is not really relevant to this I was part of a group that formed a National bank back in the late 80’s which was ultimately sold and just because we could call one Judeo-Christian, to Gregg’s point it would still be erected inside the corrupt system.  A very complex process.  I have found in my own walk that once my heart was repentant and yielded to the desire to get out of the system, the Lord made a way, but you will not be able to keep a foot in both camps. 

So I pray that their hearts would be moved to further consider your suggestion and the same would befall others in the New England area. To ask “what then must we do” and then I believe the Lord will move and be glorified through the Storehouse movement.  Good discussion gents and blessings on this day!  In the meantime my counsel is to wait on the Lord.

PS: If you want to pay the loan off sooner you don’t need a new financial vehicle to do that, just increase your payments to join your hand to your heart.

Gary Crawford to Chris Adams and co July 11, 2021

Discussion: Cooperatives

Equity Ownership Structures Part I

We discuss Co-ops (short for Cooperatives). What are they and how are they significantly different from publicly traded companies, non-profit corporations, and privately held for profit companies? We discuss their strengths and weaknesses. We look at biblical models such as Acts 2 and 4 and compare and contrast them.

Some History of Co-ops in USA:

Founded 1752 in Philadelphia, PA

Earliest known US co-op in the form of a mutual insurance company – owned by policyholders

Founded 1930 in Hanson, Massachusetts among 3 cranberry farming families

Example of a vertically integrated farming co-op whereby the farmers own the company.

Founded in 1938, Seattle, WA

Formed as a consumer co-op where by the customers own the company

Founded 1908, Manchester, New Hampshire

First credit union in the US, as a cooperative bank owned by depositors and loan holders

Key Attributes of a “Co-op”

  • Alignment of interest around an affinity group
  • Pool resources together to better achieve business objective / common goal
  • Mutual and broad ownership with “one man, one vote” governance structure
  • “Profits” are distributed back to owners based on various fairness metrics, such as policy value, agricultural output, deposit/loan amount, or sales volume
  • they are “Non-profit” in the sense that the income statement balances to zero after dividends and/or member benefits are paid out
  • Opt-in and opt-out provisions for agricultural / supplier co-ops
  • Lifetime membership for some consumer co-ops including credit unions and insurance cos
  • Avoids hostile takeovers, capital stripping, over use of leverage, etc. found in publicly traded cos.

Other types of “Co-ops”

  • Housing / Coop Apartment buildings / Condos
  • Student unions
  • Preschools / Child care
  • Utilities
  • Workers
  • Food / Farmers Market
  • Retail / Buyers Clubs
  • Business
  • Arts / Crafts / Performance / Theater

We compare the strengths and weaknesses of the cooperative structure to other equity ownership structures.

Discussion: Lending Club

What is a lending club? We discuss the OMC and NECAP examples. What is it? How does it work? It’s the “Storehouse” in action…


1. The first rule of Lending Club is: You do talk about Lending Club

2. The second rule of Lending Club is: You do talk about Lending Club

… wait a second – no but seriously ….

Scriptural Rules for Lending Club

1. Do not charge your brother interest (Deut 23:19); 2. Do not charge interest to the poor (Deut 22:25)

2. Forgive debts every seven years (Deut 15:1)

3. Return the pledge (do not hold collateral) (Ezek 33:15)

4. Don’t expect to be repaid (Luke 6:34)

5. Lend to your enemy (Luke 6:35)

6. Freely you have received; freely give (Matt 10:8)

7. Open your hand wide to the poor for their need (Deut 15:8)

8. Borrower repays principal under God (Psalm 37:21)

But wait, that’s impossible, right?

Everything is possible for one who believes.”

Mark 9:23

Discussion: Storehouse Retreat Debrief

We cast vision for the Storehouse alternative banking strategy of God and discussed new possibilities and potential partnerships with others in Lindale Texas (see attached presentation).

The Storehouse includes: savings, payments, community investment, local currency, advancing the Kingdom, and more. It’s God’s biblical way of lending (non-hard recourse; non-forced interest), with a focus on discipling people to create Kingdom business/ministry opportunities, receive seed investment, get out of debt and into capital surplus in order to become an investor/lender, paying it forward for the benefit of others in the community.

Roundtable Discussion: The Storehouse

What is the Storehouse alternative banking strategy of God?

We discuss further.

The Storehouse includes: savings, payments, community investment, local currency, advancing the Kingdom, and more.

It’s God’s biblical way of lending (non-hard recourse; non-forced interest), with a focus on discipling people to create Kingdom business/ministry opportunities, receive seed investment, get out of debt and into capital surplus in order to become an investor/lender, paying it forward for the benefit of others in the community.

Discussion: Alt Currency

Inflation Part 2

How to deploy God’s “Storehouse” strategy of banking which can utilize an alternative community currency to the US dollar as a hedge against Inflation. The alternative currency would still be convertible to and from USD using payment bridges.

Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock. And everyone who hears these words of mine and does not do them will be like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it.

Matthew 7:24-27

Within a community, there lies an opportunity to encourage and stimulate the local economy, whereby the people of a given area agree to accept their own currency in lieu of US dollars. This does not remove the use of USD, but it runs in parallel to it.

BerkShares local currency
W.E.B. DuBois born in Great Barrington

An example of this is BerkShares which was a local currency created in 2006 and is accepted by 400+ merchants in the Berkshire Region of Western Massachusetts. Here is a good article in the Boston Globe.

Saugatuck Bank, Westport CT local currency 1860

Here is a different example of a Westport CT local bank issued currency (these are the printing plates) from 1860. Because banks today are regulated by the Fed, they deal only in Federal Reserve Notes (USD). But that wasn’t always the case! And what if the Fed fails?

We continue to discuss why inflation is coming. Another good perspective on this is from Ray Dalio, who manages the largest hedge fund in the world Bridgewater Capital, also based in Westport CT. While I don’t agree with Ray’s approach to economy and investing, he is an astute observer. And here.

Hockey Stick Increase M1 Money Supply

Finally, we have received another wake up call from the Fed itself when it announced at the beginning of the year that it would stop tracking ANY of the money supply. Yes, you heard that right, for years everyone tracked M1 and M2, which are our US measures of money. But the problem is when the Fed started printing money during the pandemic and the Fed government sent out stimulus checks and PPP loans, the money supply exploded. M1 took off like a rocket. This is also a sign of inflation. The fact that the Fed is not really explaining why it took this action, is also problematic.

Weimar Wheelbarrow of Money

This just in: 3 Americans – Buffet, Bezos and Musk are wealthier than the bottom 50% of all Americans. Mmmm.

There was not a needy person among them, for as many as were owners of lands or houses sold them and brought the proceeds of what was sold…

Acts 4:34

Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.

WSJ excerpt from “It’s Raining Money! What Happens When It Stops?

Discussion: Inflation

Last July, we discussed the Inflation Prophecies which you can read here as a refresher. Then more recently, our discussion of the National Debt delved into the “what if” of if the US ever lost its place as the reserve and settlement currency of the world, and how that could lead to even hyper-inflation. As we talked about, China and Iran are already making inroads to settling oil and energy products outside of the USD, including the US Fed wire / SWIFT banking system.

Just today Janet Yellen hinted that the Fed may need to raise interest rates in the medium term. Jamie Dimon, the CEO of the largest US bank JPM also said inflation is here but “everyone should enjoy it”. Warren Buffet also said inflation is more than expected. This is news. Reason being – stimulus spending and asset purchases through loose monetary policy, aka more debt.

No raising rates if inflation goes above 2% “temporarily”

The Fed and Jerome Powell have also raised their inflation target to above 2% rather than traditional measures of keeping inflation below 2%.

The spigot of government spending and Fed backed lending that is now wide open through the various Fed lending windows, to banks, corporations, municipalities. This in turn has led to massive increase in asset purchases such as housing, land, stocks, commodities, land, gold, precious metals and yes – Bitcoin.

Zimbabwe Note – 100Tn ?!

Third Seal: Scarcity on Earth

When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”

Revelation 6:5-6

So, what to do? That will be the nature of our discussion. How the “Storehouse” alternative banking and currency strategies can respond to these issues.

Discussion: Bitcoin from a Christian perspective (Crypto Currency Part 2)

Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto, Bitcoin is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain. The Bitcoin software is free and available online to anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain. As Bitcoin matures, engineers have designed additional protocols to improve the speed and privacy of Bitcoin transactions, including the Omni LayerLightning Network and Liquid Network. Only approximately 21 million bitcoins will ever be created. New coins are minted every 10 minutes by bitcoin miners who help to maintain the network by adding new transaction data to the blockchain. description of Bitcoin

Last September, we explored the subject of Crypto currencies, decentralized finance (DeFi) and blockchain technology for applicability to financing the works of God here on the earth, including an alternative currency. The biggest Crypto by far is Bitcoin. So we are going to do a bit of a deeper dive into it in this discussion… This post / podcast is worth reading / listening to by means of review:

Sept 2020     1 Bitcoin (last time we talked) $11,500
April 2021   1 Bitcoin (as of this email) $55,043

What has happened since:

  • 10/8/20 Square / Jack Dorsey $50m purchase of Bitcoin
  • 10/21/20 PayPal clients can purchase Bitcoin; Venmo 2021
  • 12/16/20 MassMutual insurance buys $100m Bitcoin
  • 12/20/20 Square Cash announces “Bitcoin back”
  • 1/31/21 Twitter / Dorsey brands “#bitcoin” with bitcoin emoji
  • 2/2/21 CALPERs increases Bitcoin miner RIOT stake to $441m
  • 2/4/21 “Dogecoin is the people’s crypto.” Elon Musk tweet
  • 2/8/21 Tesla $1.5Bn purchase of Bitcoin; Bitcoin as payment
  • 2/18/21 Robinhood announces clients Bitcoin buy and sell
  • 2/23/21 Square / Dorsey $170m purchase of Bitcoin
  • 3/30/21 PayPal clients can settle transactions in Bitcoin
  • 3/17/21 Morgan Stanley high net-worth clients can buy Bitcoin
  • 4/14/21 Coinbase goes public at $250/s – closes $338

Few other interesting tidbits:

A friend forwarded me this Tweet:

Bitcoin is an exit from the Fed.
DeFi is an exit from Wall Street.
Social media is an exit from mass media.

Homeschooling is an exit from industrial education.
Remote work is an exit from 9-5.
Creator economy is an exit from employment.

Individuals are leaving institutions.

@Naval Tweet on 1/2/21

A nice quip, but is it true??

  • Example: Bitcoin is traded through exchanges and held in wallets that are regulated
  • Example: Virtually all USD lending is done through the Fed
  • Example: 75% of US GDP and 50%+ of all jobs come from the Fortune 500…big institutions getting bigger

700 Club video just published yesterday on Bitcoin, which was pretty good:

Bear Case for Bitcoin:

NYU Economist Roubini believes Bitcoin is a self-fulfilling bubble as transaction costs are too high as a means of payment :

Bull Case for Bitcoin:

ARK Investing Founder Cathie Wood (a professing Christian) believes the ability of crypto and bitcoin and other advanced technology cos to change and advance the economy of the world (such as Tesla and Space X) are so great, we have an order of magnitude of future investment appreciation

Satoshi Nakamoto

What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.

2008 Bitcoin white paper p1

Is God is looking to replace trust in Him and people with cryptographic machine trust?

The word “Crypto” comes from the Greek word kruptós, meaning ‘hidden’, ‘secret’ or ‘in the dark’.

Another friend asked me the other day what I thought of the decentralized nature of Crypto as it relates to creating an alternative Christian banking system, and this was my response :

Crypto, block chain, and DeFi are all good/interesting technology and ideas. Bitcoin, etc. not so great given price mania of its implementation. Bitcoin and most crypto-currencies also try to replace human trust with machine trust (which isn’t biblical). So, if you combine the tech with human relationships, bypass the legacy financial systems and the Fed while using removable bridges, back it with physical tangible value, you have what we are prototyping in the New Breed of Business.

Discussion: Affordable Housing with Christopher Lucey

Chris Lucey is the CAO of JAMA Global Foundation (Jesus Awakening Movement for America) and member of the Joint Executive Team (JET). Prior to this he was the Managing Director of Frontiers Ventures (formally the US Center for World Missions).

JAMA is building a “collaborative kingdom community”. A mix of advanced program offerings challenging emerging leaders to top-level senior executives/ elders. JAMA is raising up the next generation of global servant-leaders, business innovators and missionally-minded entrepreneurs and thought leaders.  

Christopher is transforming JAMA (2.0) by leading a pioneering work that includes creating housing for returning/ retiring missionaries from their field of service so they can “finish well”. The housing is designed to be affordable with a generational perspective. They also would like to honor and incorporate the missionaries as Adjunct Professors at the college located on the JAMA Campus (Fall 2024).

Here is the website:

But our discussion is not just what Christopher and JAMA are doing. This is a “what if” discussion for exploring the possibilities of an alternative way of financing housing, building collaborative community, thinking with a multigenerational perspective in mind.

Here is a related article about community housing with some food for thought: