The Dollar’s Amazing High-Flying Act
The European Union has said the US dollar needs to be replaced as the global trading currency. The Russian government has said a switch to a new monetary trading system is needed. China has been working with several nations to supplant the greenback with one based on its currency. As hard as these nations try to replace the dollar, it still remains the central mechanism unit of global trade.
The dollar is by no means a perfect currency. The government that controls the quality of dollars spends money like there is no tomorrow. On Sep 30, fiscal-year 2018 came to an end, and during that 12-month period, the debt load of the federal government increased by $1,271,158,167,127; feds borrowed $8,172 per every American with a Job. This has been the largest spike in red ink since the dark days of the 2008 Subprime Crisis.
It is amazing that we have such a huge shortfall during a time of positive GDP growth. During a recession, tax revenues decline because millions of people lose their jobs and because companies lose money or go bankrupt as their sales collapse. Also during a recession, government expenditures surge because of an increase in support payments such as unemployment compensation and food stamps. The next time we have a recession, the deficit will likely be between $2 to $3 trillion.
The ability of the US government to produce massive deficits without any impact on the dollar has calmed concern over deficit spending. I was shocked when I learned that Trump had quietly signed last week a spending bill that allowed the government to continue the red ink. In the past, there would be a great amount of debate over the raising of any major debt ceiling.
Some people would argue that deficits never matter, because the U.S. has a monopoly creation of dollars, and it isn’t at risk of being forced to default on its debt. So as long as inflation remains low, there’s room to buy all the iPhones we want from China.
The only reason why the dollar has value is because of trust. By having a trade deficit of $500 billion each year, we have put $10 trillion in the hands of our trading partners. US banks have made another $10 trillion in loans that are based on the greenback.
The world is so flooded with dollars, no other currency can achieve the same level of liquidity. Sea shells are very abundant, and they would make a great currency in term of liquidity. In order for a currency to have value, it needs to be in limited supply. The reason why we don’t use Monopoly money alongside the dollar is because Parker Brothers would run their printing presses 24/7 if people actually applied value to their currency.
I think it is an absolute miracle that the US dollar has not already collapsed. It is a basic law of economics that if you print too much debt, your national currency goes down in value. There are several nations that are currently suffering massive devaluation of their currency. The Argentine peso has been in sharp decline. That nation’s central bank rate has hiked interest rates to 60% to prop up the currency.
Argentina’s currency problems are the result of a $3.7 billion shortfall in its budget. The U.S. has a deficit 343 times greater, and our currency has been in an uptrend for several months.
If I had any doubt that the hand of God was guiding the path of the American dollar, Trump’s announcement of a five-way trade war with China, Europe, Mexico, and Canada made things clear. Nothing less than divine monetary intervention was required to keep a meltdown from occurring. We have a $375 billion trade deficit with China, and Trump said it is a “privilege” to trade with America. Clearly, either God has a sense of humor or Trump understands the dollar’s connection to prophecy.
The Bible doesn’t clearly state that the Antichrist will come to power from a global financial crisis. Because the Beast of Revelation will very quickly gain total control over the global economic system, it is logical to assume that some type of calamity would aid his sudden rise to power. Our ability to see a monetary storm coming from this side of the rapture provides further evidence that the world is headed toward an end-time crash.
“He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; also the Libyans and Ethiopians shall follow at his heels” (Daniel 11:43).
“Through his cunning he shall cause deceit to prosper under his rule; and he shall exalt himself in his heart. He shall destroy many in their prosperity” (Daniel 8:25a).
From Deep State to Beast State
I solicited from readers of this column a couple of essays ago information on the apparently entrenched entity within the White House termed Q. The responses I am receiving are many. I’m surprised at the passion involved within the matter.
Many sent their thoughts adamantly supporting the validation or credence of Q. Some who emailed said they wished and/or hoped such an entity exists and is acting on behalf of the president and the nation the way Q and the Qanon believers indicate–although they aren’t certain of the reality of Q.
Others sent emails imploring me not to get caught up in the whole Q matter. These exhorted–some in quite pointed ways–that Q and all attendant to things involved was foolish at best and, at worst, counterproductive to my heavenly assignment as “watchman on the wall.” I should, they advised, just deal biblically with everything of prophetic nature in these closing days of the Church Age.
Regardless of how those of you who sent the emails responded with information, thoughts on Q, or advice to avoid the topic and all involved, I thank you very much, each and everyone who answered the solicitation. You have been most helpful. Please continue to send things you think are relevant.
I’ve had so far only one epiphany. Whether an actually working entity within the secretive echelons of the U.S. governmental and political process or merely the apparition of a clandestine cabal implanted to make the so-called resistance worry about their fate, Q is part of the end-times big picture. Therefore the matter is worthy of investigation.
Again, I think this phenomenon can be placed within the Scripture the Apostle Paul was given by the Holy Spirit to frame our particular time in human history: “For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places” (Ephesians 6:12).
That there is indeed a mighty struggle going on at the highest levels of America’s government and the governments of the entire world there should be little question. For the spiritually attuned student of Bible prophecy, there should be absolutely no question in this regard.
With the U.S. and the world just prior to the 2018 presidential election going fast and furiously in the direction dictated by the globalists who nefariously dealt within those geopolitical stratospherics, the intervention can’t be missed. The satanic blueprint for the return to Babel was impossible not to ascertain by the clued-in students of Bible prophecy.
The Deep State (those in government determined to bring America into that one-world configuration) had, with the election of Donald J. Trump their part of the devil’s blueprint suddenly snatched from their grasp, in my view. America continues to be at the heart of any internationalist cabal’s planning. This nation must be brought into the construction process. The diabolical minions of the prince of the power of the air–Satan–must siphon the financial assets and resources of America in order to successfully build upon the Antichrist platform the devil wants to construct.
I wrote about the vital importance of America to the globalists’ ambitions during 2010 and early 2011. Remember that at that time it looked like a total implosion of the American and world economies would happen any day. Experts were saying we would wake up one morning and find the financial world had collapsed.
Excerpts of that writing those years ago are as follows.
So, we come to our present hour. America is the apex nation of the world. That is, it is the most materially blessed nation and one of the most spiritually blessed nations ever to exist. This, despite the fact that it has degenerated in many ways to become perhaps the most wicked in human history. The United States is so blessed with material wealth that every nation on earth is inextricably linked to its economy in one way or another.
It is true that its dominance is under threat and is eroding quickly. The economic meltdown and unavoidable implosion of America’s monetary hegemony is imminent. But everything of global financial significance still hinges on the health and fate of the American dollar. This is to the great consternation of the people Glenn Beck rails against as wanting to bring the dollar down so that a new monetary regime can be brought to bear on the hapless citizens of what they envision as a Babel-like one-world order.
Despite incessant assaults, the American economy hasn’t collapsed. It should have by now, but it hasn’t. It is, despite ominous signs ahead, business as usual–just as Jesus said it would be at the end of the age. If America’s economy crashes–-as Beck says it will very shortly—the entire world will collapse to rubble. The business-as-usual element of Christ’s prophecy about it being like the days of Noah and Lot would be out the proverbial window.
If the U.S. economy collapsed, taking the world’s buying and selling capability into the darkest times in history, it would take years–if ever–for everything to recover so that things would again come into business-as-usual configuration. Yet the devastating, world-rending collapse is coming. It cannot be stopped. I completely agree with Glenn Beck and Hal Lindsey in seeing that coming economic catastrophe in the immediate future. However, I disagree that the folly of man or the deliberate manipulations of human diabolists will bring the fearful disaster. And the disaster will not happen until God’s prophetic timing allows. It will continue to be business as usual despite increasing harbingers of economic calamity. Perhaps conditions will even look like they are improving. But if so, it will be smoke and mirrors–-a sham “recovery.” The damage is done. Recovery is impossible. (“Scanning a Fearful Future, raptureready.com)
Today, in 2018, news headlines hourly report of the great economic boom that is in progress at the present. America’s and the world’s economies haven’t collapsed.
We are buying, selling, building, planting, marrying, etc.–everything that indicates economic boom, not bust.
Jesus said it will be just like that when He next makes His presence known to the world. Again, we read about that break-in as a thief in the night in Matthew 24:36-42 and Luke 17: 26-30.
I wrote further in that series of articles in 2010 and 2011.
This all means that Jesus Christ is poised to do exactly what He foretold. The prophetic signals and conditions prevalent in America and the world should have the attention of every believer. Jesus is about to fulfill His glorious promise as recorded in John 14:1-3.
The Rapture, I believe Jesus is telling us, will be the sword of judgment that pierces the building, festering boil of humanistic rebellion. When the Church is taken to heaven, the minds of those left behind who want to control will no longer have restraint on their thoughts and ambitions. There will cease to be a governor on man’s conscience, according to 2 Thessalonians 2:7-8, because the Holy Spirit will allow the evil within mankind to do its dastardly work.
This will be the time–during the chaos of the days immediately after the Rapture—that all of Mr. Beck’s fears will come to fruition. Neither patriots nor anyone else will be able to save America and the world.
The Church, with the Restrainer resident within each believer, will continue to be salt and light–to exert influence over America’s societal and cultural conditions. That influence, although observably becoming less and less effective, will be sufficient to prevent all-out, Nazi-like persecution against Christians in this nation.
When the Church-Age saints go to Christ upon His call to them (1 Thessalonians 4:16-17; Revelation 4:1-2), America and the world will be devoid of the Church’s buffering influence. Those who accept Christ during the Tribulation will undergo the most horrific persecution of human history.
It is at this time–the disappearance of all born-again believers in the Rapture–that the Deep State within America and the world community of nations will collectively, quickly, become the Beast State.
That transformation will come within the “twinkling of an eye”:
Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed, In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed. (1 Corinthians 15:51-52)