Apr 282016
 

Crumpled Hundred Dollar Bill...Crumpled Hundred Dollar Bill --- Image by FusionPix/Corbis

The Telegraph: “In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.

It added that the present system, under which the dollar acts as the world’s reserve currency , should be subject to a wholesale reconsideration.

Although a number of countries, including China and Russia, have suggested replacing the dollar as the world’s reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion.”

Opinion: Russia and China led the move to end the dollar’s reign as world reserve currency in 2009. As global economies became overburdened with debt, the idea faded, leaving the US dollar the cleanest shirt in the dirty laundry bag, metaphorically speaking, and the US currency rallied for 5 years.

That the UN is starting up the rhetoric to replace the dollar is not surprising, now that China has filled its central bank with gold at bargain prices and the IMF has granted the renminbi reserve status.

As the tribulation approaches, we will likely see more and more volatility in global markets. The Third Seal Judgment of Revelation 6:5-6 ushers in the first economic collapse, which some Bible teachers think will be caused by the rapture of the Church.

Then, in Revelation 18:11, 19, the Apostle John tells us that in the last days of the Great Tribulation, the world’s monetary system will be centered in the city of Babylon and will crash and burn “in one hour” leaving the merchants of the earth weeping and wailing.

For now, central banks have sufficiently manipulated the world’s economic system by creating fiat money and artificially low interest rates, giving the illusion of financial stability.

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Apr 262016
 

Zero hedge: “Astute observers of financial markets, especially in the precious metals sector, have long argued that small concentrations of major market players have been manipulating asset prices.

Last week those suspicions were confirmed when Deutsche Bank, one of the world’s leading financial institutions, not only admitted to regulators that they have been involved in the racket, but that they were prepared to turn over records implicating many of their cohorts in a global scheme to suppress prices.

In his latest interview with SGT Report, straight-shooting Callinex Mines CEO Max Porterfield explains that now that the men behind the curtain are being revealed, asset prices in precious metals, base metals and other commodities will return to more natural pricing mechanisms based on core supply and demand fundamentals.”

Opinion: We wrote an opinion about the manipulation of the price of gold on November 15, 2014:

“I  can’t prove it, but, I have long suspected that central banks have been holding the price of gold down by selling massive futures contracts.”

In researching our book: Antichrist: The Search For Amalek (page 179) we found it curious that China has been buying large quantities of gold and the price never got stronger. Here is an excerpt from our fiction chapter:

“As the top-secret meeting got under way, John Brennan had disturbing news to share. He informed the group that there was urgent intel from our people on the ground in the Far East. China was about to make a move with support from Japan, Russia, and the European Union to dump the dollar as the world reserve currency. They planned to institute the renminbi, either alone or as part of a basket of currencies called Special Drawing Rights (SDRs), which would include the euro and the yen.

Brennan told the cabinet that China had been buying large amounts of gold for the past five years in an effort to build global confidence in the Chinese currency. Their aim was to make the renminbi the de facto reserve currency and to increase global influence.”

Prophetic? No. It was rather simple logic. Working backwards from what we know from Bible prophecy, after the revived Roman Empire of Daniel 7:23-24 is established and the arrival of Antichrist on the world scene (Revelation 6:1-2), we find China as one of 4 power blocs in the wars of the last days. There is no mention of the US.

Incredible, isn’t it?

 

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Apr 212016
 
Chinese Mega-bank Partners With World Bank for New World Order

  The New American: The many establishment analysts who portrayed the Communist Chinese dictatorship’s new Asian Infrastructure Investment Bank (AIIB) as a supposed “rival” to the Western globalist-led international economic order must be awfully embarrassed right now. And those who believed them, hoping the brutal Beijing regime’s bank was going to stand up to the

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Apr 202016
 
Intel Fires A Massive 12,000 Workers, 11% Of Its Entire Workforce

Zero Hedge: “There were some rumors reported late last week that the world’s biggest chip maker was about to fire a major portion of its workforce. Moments ago the company confirmed these rumors, when it reported that it was firing a whopping 11% of its entire workforce, laying off a massive 12,000 workers. The restructuring

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Apr 192016
 
China Launches Yuan Gold Fix To "Exert More Control Over Price Of Gold"

Zero Hedge: “Overnight a historic event took place when China, the world’s top gold consumer, launched a yuan-denominated gold benchmark as had been previewed here previously, in what Reuters dubbed “an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market.” Considering the now

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