Cash Is No Longer King: The Phasing Out Of Physical Money Has Begun

 al-Qaeda, Bible prophecy, End Times, GLOBAL ECONOMY, New World Order, One World Government, QE  Comments Off on Cash Is No Longer King: The Phasing Out Of Physical Money Has Begun
Dec 102016
 

blockchain

Zero hedge: As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks.

The unprecedented collusion between governments and central banks that occurred in 2008 led to bailouts, zero percent interest rates and quantitative easing on a scale never before seen in history. Those decisions, which were made under duress and in closed-door meetings, set the stage for this inevitable demise of paper money.”

Opinion: The blockchain is seen as the main technological innovation of Bitcoin, since it stands as proof of all the transactions on the network. A block is the ‘current’ part of a blockchain which records some or all of the recent transactions, and once completed goes into the blockchain as permanent database.

If that sounds to you like an economic twilight zone you are in good company.

Mario Draghi, the European Central Bank president, threw fuel on the soaring stock market this past week with this headline in the UK Guardian: “Markets soar as ECB extends QE programme until December 2017″.

Socialism has so weakened the economies of the EU that it did what former PM Thatcher said it would do: run out of other people’s money.  So to keep the party going, Mario( the dragon), keeps filling the punch bowl with an addictive cocktail loaded with stimulants called QE, printed money.

One hedge fund manager remarked: “More methadone is not going to help, a form of cold turkey [is] needed, but no central bank is going to do that,” he added. He warns governments’ debt-to-GDP levels have risen.”

The markets love it. Interest rates will stay at zero or lower and the banks will be stuffed with phony money. It is hard to wrap one’s mind around the idea that while stocks and real estate prices keep rising the value of money is decreasing because of new money being created.

The hope in the US financial markets is that Trump-onomics will magically solve the problem with massive economic growth due to a rollback of the economically destructive policies of the past eight years.

The amazing thing about this is that with all the talk of the demise of paper money and the potential for a global Venezuela style hyper-inflation, there is no talk about the prophecies that were written over 2000 years ago:

The Rider on the Black Horse (Rev 6:5-6) says it will take a day’s wages to buy a day’s food (hyperinflation), but the rich (represented by oil and wine) will not feel the pain until after the mid-point of the 7 year tribulation, as described by James 5:1-6:

Come now, you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten.  Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days.  Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth. You have lived on the earth in pleasure and luxury; you have fattened your hearts as in a day of slaughter. You have condemned, you have murdered the just; he does not resist you.”

Once cash is abolished and a single currency established, the final dictator will be in control of the global economy:

“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Rev. 13:16-17

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Oct 222016
 

counts

The Telegraph: “The risk of a US recession next year is rising fast. The Federal Reserve has no margin for error.

Liquidity is suddenly drying up. Early warning indicators from US ‘flow of funds’ data point to an incipient squeeze, the long-feared capitulation after five successive quarters of declining corporate profits.”

Opinion: I can’t help but remember when people complained that the wait at the US Post Office was too long and the government’s solution was to eliminate clocks.

In the same way, when the Obama government decided that GDP (Gross Domestic Product) continued to show weak economic growth they decided to change how GDP is calculated.

That is exactly what happened in 2013 when the government added a bunch of dubious calculations to GDP to show healthy, but phony, economic growth.

Wham-o, things didn’t look as gloomy and President Obama crowed on endlessly about how his plan was working.

But even with the sleight of hand, the US economy is now growing at an anemic 1%, which is 2 percentage points below what is needed to provide jobs for new workers coming into the labor force.

The Federal Reserve’s main tool for stimulating the economy is to lower short-term interest rates. But since rates have been at zero or near zero for a decade that option has been off the table.

That is why the Fed wants to raise rates so badly. The problem is that when they raised by 1/4 point in December 2015 the markets went into a nose dive.

The Fed has experimented with dubious schemes like QE and Twist which are nothing more than creating counterfeit money, handing it to the big banks and letting them drive equity, bond, and real estate prices higher.

Once again, we can look to the word of God for guidance. In Genesis 41:28-30 Joseph interpreted the dreams of Pharaoh:

“ …. God has shown to Pharaoh what He is about to do. There will come seven years of great plenty throughout all the land of Egypt, but after them there will arise seven years of famine, and all the plenty will be forgotten in the land of Egypt. “

The last recession ended in 2009.

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Sep 102016
 

spook

Forbes: “Stocks sold off hard on Friday after the Fed’s Rosengren, who’s been dovish, changed his stance and made the case for a rate hike at the September meeting.

It’s not just the Fed that spooked markets but nearly every other major central bank in the world has disappointed investors since the Fed’s Jackson Hole symposium.

On Thursday, the European Central Bank (ECB) held rates steady and did not extend or increase QE. The Bank of Japan (BOJ) didn’t announce more “easy money” and that disappointed the market. The Bank of Canada (BOC) held rates steady and we can go on but we trust our point is made. Remember, central banks are still printing nearly $200 billion dollars every month to juice markets. Eventually, this big experiment will not end well.”

Opinion: Notice the last two paragraphs: Fed, ECB, BOJ and BOC are central bankers. The markets no longer work on fundamentals, they are controlled by bankers and have been for almost a decade.

We have been warning about Keynesian central bankers for years. The stimulus packages they keep trying are experimental. Translation: They have no idea what they are doing and so far the only thing they’ve accomplished is to create ultra wealth for the ultra wealthy.

“Do not harm the oil and wine” Rev.6:6. In ancient times, only the rich could afford oil and wine. John’s prophecy is that when the big financial collapse comes, the rich will be the last to feel it. And that is coming true right before our eyes.

The economy has been in a slump since 2007, except for the very wealthy.

The ultra-rich do not earn W-2 income, but they do earn dividends and capital gains that are taxed at much lower rates. Obama and Hillary’s mantra that they will tax the rich to solve economic problems is a lie. The rich, according to prophecy, will keep getting richer.

The middle class and poor will keep getting poorer. That is the plan.

The reason the central bankers want to raise interest rates is because if/when a recession hits, they will need to lower rates to stimulate the economy.

None of it will work.

When the rapture occurs, the economic shock will be enough to collapse the global economy. Until then strap yourselves in – it will get bumpy.

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Sep 022016
 
Jackson Hole’s Gangsters and Banksters: What Are They Planning?

The New American: “As we have noted in our past reports on the Jackson Hole events of the Fed, (see, for instance, Jackson Hole Conclave: Central Bankers Plan Global Theft, Massive Pain) these yearly jamborees bring together the capi de tutti capi (the “bosses of all the bosses”) of the Money Mafia to decide how much

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Yellen suggests letting the Fed buy more kinds of assets

 Finance, GLOBAL ECONOMY, ObamaCare, QE, US Economy  Comments Off on Yellen suggests letting the Fed buy more kinds of assets
Aug 272016
 
Yellen suggests letting the Fed buy more kinds of assets

Washington Examiner: “Federal Reserve Chairwoman Janet Yellen suggested that the central bank might buy more kinds of assets in a future crisis during a speech Friday on the tools available to the Fed to manage the money supply. In an address prepared for an appearance at an annual conference in Jackson Hole, Wyo., Yellen said

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Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An "Economic Shock"

 Antichrist, Bible prophecy, End of the age, Finance, GLOBAL ECONOMY, Israel, Jerusalem, Jesus Christ, New World Order, QE  Comments Off on Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”
Aug 232016
 
Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An "Economic Shock"

Zero Hedge: “In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of the division of research and statistics at the Fed, the author concludes that “simulations of the FRB/US model of a severe recession suggest that large-scale

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Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy

 Election 2016, End Times, Finance, GLOBAL ECONOMY, National security, New World Order, QE, US Economy  Comments Off on Fed’s Mester Says Helicopter Money “The Next Step” In US Monetary Policy
Jul 142016
 
Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy

Zero Hedge: “Think “helicopter money” is/will be confined only to Japan, which has been sending conflicting trial balloons about this unprecedented next step in monetary policy for the past two days (first Japan’s Senkei reported that the government will be adopting “helicopter money” followed by a government spokesman denying the report, then followed by a

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