Jul 052014
 

Zero Hedge, Martin Armstrong: “I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country. Here is a remarkable blueprint that throws all previous considerations concerning the purchase of government bonds over the cliff. The IMF working paper from December 2013 states boldly:

The distinction between external debt and domestic debt can be quite important. Domestic debt issued in domestic currency typically offers a far wider range of partial default options than does foreign currency–denominated external debt. Financial repression has already been mentioned; governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand.”

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Opinion: “The rich rules over the poor, And the borrower is servant to the lender” Proverbs 22:7.

Debt is the scourge of our nation. The total of national debt and unfunded liabilities of the United States is over $100 trillion and growing by the second.

There are four options:

  • Devalue the currency
  • Confiscate savings
  • Raise taxes
  • All of the above

Politicians tell us that they are fighting to save the middle class and help the poor when in actuality they are taking from the poor and middle class and giving it to the rich.

Almost 5 trillion in stimulus was given to large money center banks via innocuous names like Quantitative Easing and Twist. The maneuvers  are devaluing the US dollar, forcing us to pay more for everything, while making stock equity prices rise. The rich are getting much richer.

Martin Armstrong is right, “People are blind.”

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Jun 212014
 

us-dollar-crumbledZero Hedge: “Following the initial de-dollarization meeting, there has been a slew of anti-dollar moves around the world (including Gazprom’s shift of 90% of its clients to non-dollar payments). However, on the heels of the “anti-dollar alliance” discussions yesterday, DW reports that China would start direct trade between the renminbi and the British pound on Thursday.

Sterling and yuan would be directly swapped without using the US dollar as an intermediary, the trade platform noted.”

Opinion:

Excerpt from chapter 12 of our book, Antichrist: The Search For Amalek.

Day 6: China Makes a Move

“The New York Stock Exchange opened down 452 points as traders focused on the events of the prior week, but the big news was in the precious-metals market. Gold traded up 84 dollars to a new high at 2,818 dollars per ounce, and silver topped 63 dollars per ounce.

Traders attributed the rise in precious metals to more money printing by central banks, yet that was just the tip of the iceberg. At 10:00 a.m. New York time, China announced an expansion of its 2013 currency swaps with Australia and Brazil that would now also extend to the EU, Japan, India, and Russia.

The transactions were meant to bypass the US dollar in purchasing global commodities and to bring in the Chinese renminbi as the new world reserve currency. The G8 was fed up with a lack of US fiscal discipline, and with oil at 150 dollars per barrel, something had to be done. Global equity markets cratered again as gold rallied past three thousand dollars. Startled nations began selling Treasury bonds, driving up interest rates.

By 2:00 p.m., the ten-year benchmark Treasury yield was 5.9 percent up—almost three hundred basis points from the previous night’s close. China was ready to roll the dice on 1.2 trillion dollars in US Treasuries in order to make the renminbi the new world reserve currency.”

 

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May 102014
 

Zero Hedge: “Ben Bernanke may be gone from the helm of the world’s most centrally planned economy, but his ample cluelessness remains. David Einhorn, president of Greenlight Capital, better known for comparing QE to jelly donuts and who recently confirmed what we have been saying for a long time that the second dotcom bubble is here, spoke with Bloomberg TV covering a wide range of topics, but what caught our attention was his synopsis of a private dinner he had with Chairsatan-emeritus Ben Bernanke, on March 26.

What he found, in his own words, is disturbing.

“I got to ask [Bernanke] all these questions that had been on my mind for a very long period of time, right? And then on the other side, it was like sort of frightening because the answers weren’t any better than I thought that they might be. I asked several things. He started out by explaining that he was 100 percent sure that there’s not going to be hyperinflation. And not that I think that there’s going to be hyperinflation, but it’s like how do you get to 100 percent certainty of anything?”

Opinion: David Einhorn is a heavyweight money manager. At age 45, he is worth over 1 billion and has steadily been a top performer in a very competitive field. He is considered one of the most successful hedge fund managers in the world.

But neither he or former Fed Chairman Bernanke seem to have a cue about what the Bible has to say for the last days.

The Book of Revelation is a detailed picture of the end of the Church age, and it gives us a timeline to work with.

  • Part 1: The Church Age (Chapters 1-3)
  • Part 2: From the Rapture to the Second Coming (Chapters 4-19)
  • Part 3: The Millennium and Beyond (Chapters 20-22)

Chapter 6 marks the beginning of the 7 year Tribulation Period, also called the Day of the Lord and the Time of Jacob’s Trouble. Chapter 6:1-8 brings the Four Horsemen of the Apocalypse.

The Rider on the Black Horse depicts hyperinflation.

  • White Horse: Antichrist
  • Red Horse: War
  • Black Horse: Economic Collapse
  • Pale Horse: Famine and Disease

The debasement of the US dollar that got turbo-charged under Ben Bernanke, may be the catalyst to lead the world into the Rider on the Black Horse.

The danger here is that when a government creates money it devalues existing dollars, causing its citizens to use more and more money to buy the same goods and services. It is inflation and it can happen suddenly.

mon1It can also quickly get out of control causing the proverbial ‘wheelbarrow full of money to buy a loaf of bread’ scenario. And that is precisely what Revelation 6:5-6, the Rider on the Black Horse, says will happen during the 7 year tribulation period.

“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 (1 day’s pay), and three quarts of barley for a denarius (1 day’s food); and do not harm the oil and the wine” (the wealthy scarcely feel the pinch).

What both Einhorn and Bernanke are missing is knowledge of God’s word.

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Apr 122014
 
Marc Faber Warns "The Market Is Waking Up To How Clueless The Fed Is"

Zero Hedge: “I think it’s very likely that we’re seeing, in the next 12 months, an ’87-type of crash,” warns a somewhat excited sounding Marc Faber, adding that he thinks “it will be worse.” The pain is just getting started as Faber notes that “the market is slowly waking up to the fact that the

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Dec 312013
 
Yellen Draghi Carney Wrecking Ball Cometh ... Prepare

Zero Hedge: “Draghi’s ECB and Carney’s BoE have put in place plans for bail-ins and deposit confiscation. Yellen’s Fed is quiet allowing the FDIC to do the controversial bail-in ‘dirty work’ by stealth. Bail-ins cometh … Prepare … Opinion: On March 23, 2013 the government of the tiny nation of Cyprus announced it would be seizing

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Dec 192013
 
Gridlock, Fed Taper Say Keynesian Experiment Ending

Investors Business Daily Op-Ed: “The problem with QE always was: How do you end a program that has pushed $85 billion in new money into the economy each and every month without dragging the economy and markets down at the same time? The Fed hopes the answer is: Do it slowly. To that end, it

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