I want you to be prepared, so NOTHING can shake your
faith. When everyone else is rioting, I want you to be in your prayer closet
covered by God’s chesed (Hebrew: His loving kindness).
While many read the standard end time’s hype, few
are reading my edifying messages. Why is that?
So far, 4,000 people have read my blog. The big
names preach pre-tribulation rapture, and they preach immanency, meaning
NOTHING needs to occur before the rapture. They want you to be clueless, so they can charge you to interpret the signs for you. They foment hype, while I foment
edification. Thus, when the prophesied frightening events appear, you will be like
lemmings running over a cliff. Don’t be like a lemming. Please read my blog
posts, pray about my information, and trust in God.
I believe that God has given people over to a spirit of prosperity and the rapture. While there are many that hold to my message, they are greatly outnumbered by prosperity/rapture people. My message of observing the signs around you in the Hebrew calendar sounds too Jewish for some. My message of the Seven Seals opening over the last few years like birth pangs sounds too gloomy for others. Pray about my words, God will confirm if it's the truth or a lie.
Now, it’s time for the news. This is from a Wall
Street Brokerage company. Normally, these guys want to sell you stocks and
bonds. Today, they’re talking about the truth. They’re not going to sell much
today.
A Dollar Collapse is Coming
By FLOYD BROWN, Chief Political Analyst - Wall St
Daily email 6.20.2013
…We also agreed that a dollar collapse is ahead.
Yet, because of good economic decisions by leaders in the past and the dollar's
status as the world's main reserve currency, America keeps putting off the day
of reckoning.
Today,
America is like the fourth generation heirs of a fabulous fortune. We may be
making all the wrong moves, but our fortune is large, so it takes time for our
spendthrift ways and bone-headed policies to erode the legacy bequeathed to us
by our forbearers.
The Problem
With a Fiat Currency
Our current
standard of living is entirely reliant on the dollar's world reserve currency
position. Outside of that, it's nothing more than a trashy paper currency.
Fortunately, more than 60% of all foreign currency reserves in the world are in
U.S. dollars. But when this special reserve status changes, the U.S. dollar
could experience a devastating "flash crash."
That almost
happened in the 1970s when the United States cancelled the gold standard. But
luckily the Secretary of State, Henry Kissinger, made a smart move. He
negotiated a deal... In return for military protection, the Saudi and Gulf oil
states agreed to conduct their oil dealings in the U.S. dollar.
As a result,
the dollar more or less converted into a de facto oil-backed currency. Though
not backed by gold, it was now secured by the strength of the U.S. economy and
intimately attached to another cherished commodity, oil.
Still, it was
a close call for our currency. And today, the dollar is a "fiat"
currency. The Fed produces fresh dollars by either printing them or injecting
electronic "reserves" into the banking system. The supply of dollars
hinges upon the determinations of the board of governors of the Fed. The dollar
itself has no intrinsic value.
The euro,
Japanese yen and British pound are all fiat currencies, too. This is dangerous
for the world's economy because every fiat currency in world history has
eventually collapsed. They've all been destroyed by their controlling regimes.
Dangerous Times
If country
after country experiences a serious currency crisis, I'm worried we could see a
rolling series of collapses in the bond markets.
U.S. bond
prices have started to fall recently, which is just another way of saying that
U.S. interest rates are rising. If mortgage and credit card rates increase too
much, consumers will send the weak U.S. economy over the cliff into a deep
recession.
The Fed
already has the monetary floodgates open, printing more dollars than is
prudent. Eventually, this surge in dollar supply will destroy the value of the
dollar. Costs for just about every product would then skyrocket. People whose
life savings are in cash, bank CDs, or dollar-denominated bonds could be wiped
out. Many U.S. companies will be bankrupted, along with their shareholders.
The only
reason this isn't happening right now is because deflation winds are countering
the forced inflation. The problem will come when the Fed attempts to unwind the
easy money. You see, the easy money has been like heroin to the financial
classes on Wall Street. There's no way to get unhooked without catastrophe.
Elsewhere,
the only reason Japan and the European Union have been able to generate their
meager rates of growth is the willingness of American consumers to purchase
their Sony TVs and Mercedes Benz autos.
If the dollar plunges too far, Asian and European
goods - priced in their domestic currencies - could become prohibitively
overpriced for U.S. consumers. European and Asian leaders would likely respond
with monetary inflation, too, as the Japanese are now doing. The Japanese are
buying bonds and flooding world markets with yen. This could result in a series
of "competitive devaluations," which may result in a death spiral for
all the major fiat currencies.
Before we
part, Mike Zullo and I agree... we live in dangerous times for America. And we
all need a plan to prepare ourselves and our families [to trust in God regardless].Epilog for the first day of summer:
Gold and U.S. Stocks Pretty Much Collapsed Thursday
http://www.theblaze.com/stories/2013/06/20/ok-so-gold-and-u-s-stocks-pretty-much-collapsed-today/
Jun. 20, 2013 4:03pm Becket Adams
U.S. stocks started a downward slide yesterday after
Federal Reserve Chairman Ben Bernanke said the Fed may draw down its $85
billion-per-month bond-buying program sometime in mid-2014 if unemployment
manages to work its way down to 6.5 percent.
And that downward slide picked up steam on Thursday,
sending the three major U.S. stock indices way, way lower.
Shalom!
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