General Articles

Will an Economic Pearl Harbor Destroy America? :: By Britt Gillette

Published on: by RR10

On December 7, 1941, Japan caught America by surprise when it attacked the U.S. naval base in Pearl Harbor in Honolulu, Hawaii. Japan sought to destroy the U.S. Pacific Fleet. Fortunately, that attack didn’t destroy the United States. But the future may not be so kind. Why? Because the U.S. is setting itself up for a modern-day Pearl Harbor – one from which it will never recover. And it won’t be the result of a military strike. It will be the result of an economic one. To understand what’s coming (this attack is already underway), we need to understand our history.

The Bretton Woods System

In 1944, the Bretton Woods Agreement established the financial rules and monetary system governing western nations. The system required participating nations to guarantee convertibility of their currencies into U.S. dollars at a fixed rate with the dollar convertible to gold by foreign governments. This essentially put the world on a type of gold standard via the U.S. dollar.

This system served the world well until the late1960s when it became clear the United States was printing dollars without the gold needed to back up those dollars. Out-of-control government spending via a host of new government social programs and the war in Vietnam threatened to deplete U.S. gold stockpiles. So on August 15, 1971, President Nixon “temporarily” closed the gold window (it’s never been reopened) – terminating the convertibility of dollars into gold. This made the dollar a fiat currency, meaning it wasn’t backed by anything of value. To prevent runaway inflation, the United States brokered a deal with Saudi Arabia, which effectively set up a new world monetary system.

The Petro-Dollar System

Following the 1973 Yom Kippur War, the United States found itself the target of an OPEC oil embargo as a result of the military aid it provided to Israel. Oil prices quadrupled. With the dollar no longer tied to gold, inflation soared as the U.S. continued to run annual budget deficits. Facing these headwinds, in 1974, the U.S. brokered a deal with Saudi Arabia to stabilize the dollar. The U.S. agreed to buy oil from Saudi Arabia and defend the kingdom militarily while also providing military aid and equipment. In return, Saudi Arabia (and the rest of OPEC) agreed to sell oil only in U.S. dollars and use those dollars to buy U.S. debt, effectively supporting both the dollar and U.S. deficit spending.

For nearly five decades, the U.S.-Saudi relationship held up well. The United States successfully defended Saudi Arabia in Operation Desert Shield in 1990-1991, and Saudi Arabia continued to sell oil in dollars. But in recent years, the U.S.-Saudi relationship has started to fray, and over the past 18 months, it’s all but fallen apart. That means the days are numbered for what remains of the petro-dollar system.

A Critical Turning Point: August 2021

Exactly fifty years to the day from when Nixon closed the gold window, the Taliban entered Kabul, and the Afghan president fled the country. In hindsight, this event struck a fatal blow to the petro-dollar system. The petro-dollar is still alive, but it won’t last much longer. Why?

The U.S. abandoned its allies. It left Americans behind enemy lines and allowed those who assisted America to fall into the tortuous hands of the Taliban. In the face of such a betrayal, is it any surprise Saudi Arabia might begin to question U.S. commitment to its security? The U.S. showed itself to be an unreliable partner. Russia was quick to capitalize. Unnoticed by many in the western media, Russia brokered its own security deal with Saudi Arabia, undermining the petro-dollar and threatening its future.

The Russian Invasion of Ukraine

Fast forward to February 2022. Russia invaded Ukraine. In response, the U.S. and its allies imposed sanctions on Russia, froze Russian assets, and kicked Russian banks out of the international financial messaging system, SWIFT. This served as a major wake-up call to the nations of the world. Just as America’s abandonment of Afghanistan made every nation question America’s commitment to its allies, U.S. actions against Russia made the nations of the world realize what would happen if they ended up on America’s “bad list.” They now understand the risk of holding too many U.S. treasuries or of being too reliant on an international financial system dominated by the U.S. dollar. The result? These nations are now willing to explore (if not actively seek) an alternative to the dollar.

BRICS

In 2006, Brazil, Russia, India, and China (the BRIC nations) held the first BRIC Summit. The goal was to increase cooperation and explore opportunities for economic growth between these growing nations. In 2010, South Africa joined, and the coalition took on the moniker BRICS. Since then, BRICS has worked to create an alternative to the SWIFT payment system as well as a commodity-backed currency to challenge the U.S. dollar. As 2022 draws to a close, a host of additional nations have expressed interest in joining the BRICS coalition. Among them are some of the most important producers of oil and natural gas – Nigeria, Iran, Argentina, Algeria, Kazakhstan, and Indonesia. The latest nation to express interest? Saudi Arabia.

The Coming Destruction of the U.S. Dollar

If BRICS creates its own commodity-backed currency as an alternative to the U.S. dollar, and all the nations expressing interest join BRICS, it will destroy the dollar. Those nations represent over 50% of the world’s population and an even larger share of the world’s commodity production. If oil starts trading in other currencies… If the dollar loses its reserve currency status… If international trade is conducted in fewer and fewer dollars – meaning demand for dollars drops while supply remains the same – then a flood of dollars will return to the United States. This will cause massive inflation, a collapse in confidence in the U.S. dollar, and major destruction throughout the American economy. Interest rates will skyrocket, and the four pillars of American wealth – stocks, bonds, dollars, and real estate – will collapse in real terms. The U.S. will no longer be the world’s financial center. Its power will erode significantly.

CBCDs

Then what? Once the petro-dollar ends and the dollar experiences massive inflation or even hyperinflation, a new monetary system will have to take its place. Will it be the new BRICS currency or something else? We don’t know for sure. But in all likelihood, it will be built on blockchain. Many believe if BRICS creates a new commodity-backed currency, that currency won’t be convertible into the underlying commodity. Instead, the commodities will be pledged and anchored to the new currency via blockchain technology. Meanwhile, central banks openly discuss their plans to replace today’s national currencies with central bank digital currencies (CBDCs). Either way, a “great reset” is coming to the global financial system, and digital currencies will take over. When they do, government will wield unprecedented power. With such power, not only will government be able to track everything you buy or sell, it will be able to kick you out of the economic system – just as the Bible says.

What’s Coming to the World

When government-sponsored cryptocurrencies replace paper currencies, individual freedom and liberty will disappear. Governments will be able to “turn off” your cryptocurrency or reprogram it to determine how you can use it. For instance, if your social credit score isn’t high enough, they can reprogram the currency in your account to only work within five miles of your home or limit it to the purchase of specific “pre-approved” items. Ultimately, if you do something the government doesn’t approve of, they’ll be able to shut down your ability to buy and sell altogether. The Canadian government already showed its willingness to do this when it cut off financial access to anyone who supported the Canadian trucker protest.

The Bible says this is precisely what will happen in the end times. The Antichrist will establish a global system of commerce. His system will play a part in every economic transaction on earth. It will be so dominant that no one will be able to buy or sell anything without the Antichrist’s approval (Revelation 13:17). Does this sound like something far off in the future? It’s not. It’s fast approaching. We see the foundations of the Antichrist’s economic system coming into place today. The U.S. dollar will soon lose its status as the world’s reserve currency, and the world will be one step closer to the mark of the beast system.

It’s yet another sign we live in the season of the Lord’s return. We just experienced a global pandemic (Luke 21:11). A global famine is on the horizon (Matthew 24:7). Israel is back in the land (Jeremiah 23:7-8). The Jewish people are back in Jerusalem (Luke 21:24-28). And the Gospel is being preached throughout the world (Matthew 24:14). Make no mistake. The tribulation, the Antichrist, and global government are part of the world’s immediate future. But don’t despair; this also means the return of Jesus is part of our immediate future (Revelation 22:20). And His is an everlasting kingdom (Daniel 2:44) with no more death or crying or pain (Revelation 21:4). So keep your eyes fixed on Him!

—

Britt Gillette is author of the free ebook Coming to Jesus as well as the books Signs of the Second Coming, Racing Toward Armageddon, and The End Times. Receive his book 7 Signs of the End Times for free when you sign up for his monthly newsletter.

 

Worthless Hissy Fits :: By Daymond Duck

Published on: by RR10

Israel’s new government under former Prime Minister Netanyahu is expected to be very conservative (Netanyahu won 64 seats, and his new government will include members from the far right that want to change things on the Temple Mount and the West Bank).

Biblically speaking, the U.S. should eagerly support equal rights for Jews on the Temple Mount (the right to go there, pray there, etc.), Israel’s annexation of all the West Bank (at least some of the Jewish settlements), and more, but White House officials are panicking over changes on the Temple Mount.

They are already criticizing people that may be in Netanyahu’s government, and on Nov. 8, 2022, it was reported that America’s ambassador to Israel said the U.S. will aggressively fight Israel’s annexation of all or part of the West Bank.

Those in the White House are opposing what the Bible says about God’s restoration of Israel, but they do not believe the Bible, so they ignore what it says.

America’s rejection of Jehovah and the Bible, its celebration of perversion, and its desire to divide Israel are major reasons why America is in trouble.

The situation on the Temple Mount will change, God’s Word will be fulfilled, the Jews will rebuild the Temple and resume the animal sacrifices, and the worthless hissy fits (displeasure, anger, temper tantrums) of unbelievers in the White House before the Netanyahu government is even formed will not stop that.

Here are some recent events that recently made the news.

One, concerning world government: on Nov. 10, 2022, Human Events posted an article by Ethan Peck that says:

  • The leaders of all the G7 nations (7 major industrialized nations) took up the same slogan: “Build Back Better.”
  • The CEOs of the 3 American pharmaceutical companies that developed a vaccine for Covid-19 are frequent attendees of World Economic Forum (WEF) meetings.
  • The founders of Microsoft, Amazon, Facebook, and Google have all attended WEF Young Global Leaders (YGL) training events.
  • Several of the most recognizable people in the media are graduates of the YGL school.

Peck astutely points out that all these people have one common denominator: the WEF.

(Question: What are the odds that all 7 major industrialized nations would adopt the same slogan in the same year?)

Two, concerning financing world government and wealth redistribution: on Nov. 8, 2022, a report was released at the COP27 meeting that calls for “developed countries” to start giving one trillion dollars a year before 2030 to “emerging markets and developing countries,” plus it was suggested that they also cut subsidies on fossil fuels and impose “carbon taxes” to raise about $1.4 trillion dollars more.

I cannot predict what world leaders will do, but these fanatics want control of everyone on earth and more than two trillion dollars of financing pouring in every year before 2030.

(Note: A recent poll found that more than 40% of highly respected climate scientists do not believe that climate change is settled science. The high level of skepticism among experts is one reason why many Bible prophecy teachers believe climate change is a scam to justify the establishment of a world government.)

Three, concerning a Central Bank Digital Currency (CBDC) to eventually track all buying and selling: on Nov. 15, 2022, the NY Federal Reserve Bank announced a pilot program to explore the use of CBDCs for the next 3 months.

Several large banks and Master Card will participate in this pilot program.

I cannot predict what they will do, but I expect them to test the CBDC for the next 3 months and put it into use in at least some places early next year (unless the House or God stops them).

This will be a major step toward a new global economic system and the Mark of the Beast.

Four, concerning the decline of America: on Nov. 14, 2022, the Washington Examiner reported that Pres. Biden implied that the mid-term elections were a repudiation of former Pres. Trump’s “America First” foreign policy agenda.

In a past speech, Biden said “America First” is dead.

Biden’s goal is “Globalism First” (cause the decline of America and Build it Back Better with the New World Order), and he wants the U.S. to lead it.

(My Opinion: On Nov. 15, 2022, former Pres. Trump announced that he will run for president again in 2024. I believe we can expect Biden and America’s shadow government to do everything they can to lock the U.S. into a world government before the election.)

Five, concerning the mid-term elections in Pennsylvania: State Rep. Tony DeLuca was running for re-election, but he died on Oct. 9, 2022 (one month before the vote).

It was too late to change the ballots, so DeLuca’s name was still listed when the election took place.

Pennsylvania will now hold a special election to replace the deceased man that more than 85% of the people voted for.

(Note: Concerning corruption in the election: a Rasmussen survey on Nov. 8-9, 2022, found that 30% of likely voters believed that cheating was “very likely,” and 27% believed it was “likely.”)

(Note: Following the collapse of Crypto Exchange FTX, there have been reports that the head of the company gave more than $38 million of stolen money to Democrats to help them win the mid-term elections, and we may never know the truth, but one report said he was running a gigantic slush fund that was funneling money that was appropriated for Ukraine to selected Democrats.)

(My opinion: Those who do not believe there is corruption in the elections probably believe our border with Mexico is secure, we don’t have a drug problem, inflation is under control, Hunter’s laptop was disinformation, men can get pregnant, our border patrol agents beat immigrants with the reins of their horses, etc. Sadly, it looks like a strong delusion has come upon America.)

Six, concerning COP27: a reader asked this question, “I would like to know what that means to you in the prophecy world?”

Here is my slightly altered answer:

  • In essence, globalists are worshipping Mother Earth, the creation instead of the Creator (they are transforming climate change into a religion).
  • Globalists are replacing God’s Ten Commandments with ten commandments that have nothing to do with God.
  • They are seeking to make their commandments global law, and that would empower them to persecute those that do not keep those global laws.
  • Attacking the Ten Commandments is an attack on Christians and Jews.
  • Globalists are replacing the Commandments written by the finger of God on stone tablets with commandments written by humans or a machine on paper.
  • The world religion is shaping up at the same time that globalists are working to establish a world government and world economic system.
  • All of this means the Rapture is close.

Seven, in a Nov. 12, 2022, American Thinker article, author Eric Utter reported that the UN and World Economic Forum (WEF) are working together on ways to dramatically reduce the population of the earth as part of the Great Reset.

Notice that Utter said “reduce” the population of the earth, not “maintain” the population of the earth.

According to Utter, the goal is to reduce the population of the earth by 50% or more by 2050.

Utter asks, “Who gets to decide which humans are expendable, unneeded?”

Eight, concerning a population reduction on earth: on Nov. 14, 2022, it was reported that the Australian government is now saying the danger of vaccinated males age 16-40 getting myocarditis (an infection in the heart that hinders the heart’s ability to pump blood) may be greater than the danger of getting Covid.

According to the report, citizens were told the Covid shots are safe, but they are not.

From now on, the Australian government will advise citizens under thirty not to take the fourth shot.

(More: On Nov. 15, 2022, it was reported that Covid vaccinations have caused an increase of death in all age groups by almost 300,000 people in the 27-nation EU during the first 44 weeks of 2022.)

Nine, concerning the Battle of Gog and Magog: it is being reported that Russia has lost more than 100,000 troops and many weapons in its war against Ukraine.

This is terrible for the Russian troops and their families, and God can destroy Russia’s military no matter how many troops and weapons they have, but He may be weakening the Russian military before it attacks Israel.

Finally, are you Rapture Ready?

If you want to be rapture ready and go to heaven, you must be born again (John 3:3). God loves you, and if you have not done so, sincerely admit that you are a sinner; believe that Jesus is the virgin-born, sinless Son of God who died for the sins of the world, was buried, and raised from the dead; ask Him to forgive your sins, cleanse you, come into your heart and be your Saviour; then tell someone that you have done this.

duck_daymond@yahoo.com