“We’re Heading To Complete Financial, Moral, & Political Collapse”

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Zero Hedge: This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note.  We don’t know how long the Fed’s had this note posted to its website.  But we can’t recall ever seeing it.  The note reads as follows:

“The Federal Reserve’s balance sheet has expanded and contracted over time.  During the 2007-08 financial crisis and subsequent recession, total assets increased significantly from $870 billion in August 2007 to $4.5 trillion in early 2015.  Then, reflecting the FOMC’s balance sheet normalization program that took place between October 2017 and August 2019, total assets declined to under $3.8 trillion.  Beginning in September 2019, total assets started to increase.”

Quite frankly, the Fed’s balance sheet chart, and the extreme dollar debasement that it illustrates, is a disgrace.  The fact that the Fed had to add this flagrantly false note as preface to its disgraceful chart is an insult. Read More …

Opinion: It began in 1971 when the Nixon administration enacted a plan that ended dollar convertibility to gold, creating fiat money, meaning it has no intrinsic value. Sound as a dollar is no more.

The ‘cleanest shirt in the dirty laundry bag‘ analogy says it best: the rest of the world economies are a bigger mess than the US.

The Federal Reserve began quantitative easing in 2009. Fiat money was printed to bail out banks that held tens of billions of toxic mortgage bonds created by the Federal government after they pressured banks to lend to very high risk borrowers to buy houses.

The world was on the verge of a global depression.The Fed and Treasury printed money instead of taking the pain of a global collapse. They printed new money that debases old money in circulation.

Fast forward to 2020. Covid-19 causes an unprecedented lockdown of the global economy and the world’s central banks cranked up the printing presses again. $10 trillion has been created so far, and there is no end in sight.

So, is this it? Is this the big one? Will Covid-19 be the fulfillment of global hyperinflation as prophesied in Revelation 6:5-6? Probably not. But what we can learn is that debasement of a nation’s currency can lead to hyperinflation and there are two nations caught in hyperinflation today:

February 12, 2015

Venezuela’s currency plunges in debut of exchange rate

CARACAS, Venezuela (AP) — Venezuela’s bolivar currency plunged Thursday during the debut of a new exchange rate system aimed at easing the country’s crippling economic crisis.

August 9, 2020

Volcanic, revolutionary rage building against Lebanese government and Hezbollah.

Volcanic rage at the government and at Hezbollah is rapidly rising all across Lebanon.

The economy is melting down. Hyperinflation is ravaging the country. And since September, the Lebanese currency “has lost 85 to 90 percent of its value,” noted a recent news report.

And the Turkey could be next

As inflation jumps, Turkey faces the prospect of another currency crisis

With rapidly shrinking foreign reserves to prop up the currency, inflation and currency devaluation are showing no signs of a turnaround, analysts say.

It is now accepted by the world’s central banks that quantitative easing and currency debasement is the only way out of economic trouble. Nosebleed debt levels are an accepted fact.

Some day, an earth shaking event will cause the Federal Reserve or the European Central Bank to print 1 dollar or 1 Euro to many, causing a plunge that will sink the whole world into hyperinflation overnight. That event is found in our paper:

See “The 1% and Revelation: “Do not Harm the Oil and Wine” here