Plans for a Digital Dollar Are in the Works

For years, several central banks have contemplated the introduction of a digital currency. These talks have never gone beyond the theoretical planning stage because it would be a huge move to switch to something that is outside the current banking system.

The Federal Reserve has been researching the nuts and bolts of a digital currency for some time. The Board of Governors has a technology lab that has been building and testing a range of distributed ledger platforms to understand their potential benefits and tradeoffs. Staff members from several Reserve Banks, including Cleveland Fed software developers, are contributing to this effort.

The business world has made huge advances in creating technology that makes a 100% digital currency system possible. You can now use your smartphone to conduct nearly any financial transaction. The day may soon come when children have no knowledge of paper currency.

The COVID-19 crisis has motivated the Federal Reserve to take a series of bold steps, and a digital dollar is now on the front burner. The Fed is planning to send money directly to Americans In The Next Crisis: “By getting money to consumers, you can limit the depth and duration of a recession.”

Former Fed official Simon Potter sees the Federal Reserve as being able to act faster than the government. If the economy goes to crash mode, the Fed can get money swiftly to people who need it most in a crisis.

Potter added, “It took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure. The Fed could buy the bonds quickly without going to the private market. On March 15 they could have said interest rates are now at zero, we’re activating X amount of the bonds, and we’ll be tracking the unemployment rate—if it increases above this level, we’ll buy more. The bonds will be on the asset side of the Fed’s balance sheet; the digital dollars in people’s accounts will be on the liability side.”

Cleveland Fed president Loretta Mester delivered a speech to the Chicago Payment Symposium titled “Payments and the Pandemic” in which, after going through the big picture boilerplate, Mester goes straight to the matter at hand.

In the section titled “Central Bank Digital Currencies,” the Cleveland Fed president writes that “the experience with pandemic emergency payments has brought forward an idea that was already gaining increased attention at central banks around the world, that is, central bank digital currency (CBDC).”

And in the shocking punchline, then goes on to reveal that “legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited as liabilities of the Federal Reserve Banks, which could be used for emergency payments.”

The US Constitution states that all spending needs to be approved by the House of Representatives. There is no provision that authorizes the Fed to issue money in any form to the public. Since much of what the Fed does is illegal, it doesn’t matter what the founding fathers had to say.

The Fed realized that sending out cash doesn’t guarantee that will spend the money to reach the goal of boosting the economy. By having a digital dollar, they can add a time limit to each account. If you don’t spend the money in a set time period, it may disappear.

The Fed’s digital dollar will fit perfectly in with the coming mark of the beast. People will line up for days to receive a chip that will give you $1,200 a month for free. I can see now why the Book of Revelation makes such strong warning against people taking the devil’s mark.

“And another angel, a third, followed them, saying with a loud voice, ‘If anyone worships the beast and its image and receives a mark on his forehead or on his hand, he also will drink the wine of God’s wrath, poured full strength into the cup of his anger, and he will be tormented with fire and sulfur in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment goes up forever and ever, and they have no rest, day or night, these worshipers of the beast and its image, and whoever receives the mark of its name’” (Revelation 14:9-11, ESV).

—Todd

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God’s Staying Hand

Author’s note: While looking through correspondence from my friend Ed Merrick, a well-known school principal and public educator in our region, who died at age 83 on September 4, 2020, I came across an article he found to be especially compelling, and in his always encouraging way let me know. It was posted as a terryjamesprophecyline.com blog article on July 6, 2020.

It is an article I think needs looked at again as we rapidly approach November 3, 2020. 

The past weekend this nation celebrated Independence Day 2020. The holiday is a sort unlike any celebrated by any other country in earth’s history. There will never be a holiday of its like again this side of Christ’s next intervention into the sordid and sorry affairs of man.

I can say this with certitude—at least within my own view—because America is the last hope, in human terms, for freedom to the extent America has enjoyed that blessing for 244 years. We are witnessing liberty’s last gleaming.

When thinking on this commentary, I first thought to title it “Why America Is Lost.” The thought was that the nation has since some time in the 1950s begun the dismantling of all that is good about her, as French philosopher and admirer of America, Alexis de Tocqueville, would have it.

By the late 1950s, influences by Karl Marx and especially of Charles Darwin, as well as by other anti-God minions, had so invaded the educational process in America as to weaken the undergirdings that held erect America’s “goodness.”

That “goodness” is the Judeo-Christian principles upon which the founding fathers placed the republic they created. By 1963, those principles had eroded to the point that prayer and Bible reading were banished in public classrooms. The Ten Commandments became anathema to the new masters of education. There were actually statements made to the effect that the commandments should not be posted anywhere in public places—especially not within public classrooms. The rationale? Because the children might actually read them and begin to think they have to obey and practice them. That insanity is recorded for anyone who cares to research it. I’m not making it up, as they say.

I remember a thirty-something-year-old professor standing before my political science class in my freshman year at college lauding the marvels that Marxism-Leninism offered as opposed to the evil presented by American adventurism and bloody war-making since the founding. By then, the erosion of American “goodness,” thus its “greatness,” was well underway.

So, as I say, I started to give this commentary the title, “Why America Is Lost.” I thought to present the fact that the disease of anti-God inculcation has so infected America at its core that the nation cannot be spared the inevitable fall that God’s righteousness—the only goodness that exists—ultimately demands.

As de Tocqueville and any observer within the realm of rationality would rightly conclude, America has lost her goodness, her godly foundational mooring. So she has lost her greatness (the gleaming of freedom as testimony to God providing certain unalienable rights, among them life, liberty, and the pursuit of happiness).

We have allowed the “wickedness in high places”—those principalities and powers in the lofty perches of academia and government—to replace the godly foundations. The nation has been and is at this moment being deconstructed by lawlessness in an avalanche of tearing down all values formerly held to as suitable for a good and moral people.

Founders like Franklin and Adams forewarned about dangers intrinsic within the populace ever abandoning the Judeo-Christian base they had erected. Any other people than a morally based, truly free people, they consistently forewarned, are unsuitable for God-given governance. Any people not firmly moored by such providentially influenced foundation are ultimately destined to lose their liberty, was the message.

That those liberties implicit and explicit within the Bill of Rights are even at this moment under assault cannot be denied. The anarchists, arsonists, and so-called deconstructionists of the radical left make liberty’s last gleaming a manifest destiny for Americans.

The Democrat party champions those who are fomenting a cultural revolution that mimics those of Mao and others. Lawlessness rules in major cities where the reprobate thinking of Democrat mayors and governors agrees with the Marxist demands that law enforcement be eliminated through defunding and other means.

The Republican Party for the most part refuses to stand up against the evil that has taken over much of the nation’s youth—the Millennial generation. From kindergarten through doctoral programs, these have been victims of a satanically influenced cabal of anti-God educators for more than six decades. The title, “Why America Is Lost,” therefore, would be appropriate for an article in this day and time.

But the impression struck as the depression deepened in thinking on these matters. “You have left out one ingredient to all this seeming madness afflicting the nation and world.”

Indeed, I had left out the most important ingredient when thinking on the insanity raging within our nation and beyond. That factor is God’s staying hand.

America, although it shows every indicator of precipitous decline from which there seems no escape, remains the freest nation on earth. Its economy, already untenable because of debt extrapolated into hundreds of trillions of dollars for future generations, remains intact, despite suffering a complete shutdown due to a largely contrived virus threat. Most of the nation’s heartland continues to function and show progress toward a return to a degree of normalcy, despite the most vicious attempts imaginable by globalist diabolists in DC and other capitals of the world to rip American sovereignty and autonomy to shreds.

It is incontrovertibly true from the perspective of Bible prophecy, within the observations of those spiritually attuned. God continues to restrain the raging efforts to bring down this supernaturally inspired experiment in liberty. America will be here, I’m believing, until that restraint is withdrawn when Christ calls all born again believers to Himself.

Meantime, it is incumbent to pray fervently that He who sits in Heaven—and obviously has the rebels of planet earth in derision as in Psalm 2—continues to restrain the satanically enraged evil with His omnipotent, staying hand.

–Terry

The Problem with People Fleeing Leftist States

A huge shift in the American population is currently taking place. Millions of people are moving out of high-crime and high-tax liberal states, and they are relocating to states that are mostly run by conservative governments. The states that are bleeding residents are California, New York, New Jersey, Illinois, and Connecticut.

A couple months ago, podcaster Joe Rogan said he was moving to Texas to get away from California. He cited overpopulation, traffic, and “the need for freedom” being a few of the reasons he has been persuaded to move from his current home of Los Angeles.

Ben Shapiro has also had enough of California. The conservative writer and broadcaster, born in L.A., just announced that he is heading to Nashville, Tennessee. “I love the state, grew up in the state, married in the state, and have had children in the state,” he told Laura Ingraham. But California was “not a great place to raise children and not a great place to build a company.” Now we know the true meaning of Calexit. It’s not secession. It’s exodus.

“We’ve been asked over and over and over again when we would leave California. The answer: now. See you in Nashville, gang! I’ve lived my entire life in California. Within weeks, we’ll be taking our 75 jobs and leaving. We’re not the first. And we certainly won’t be the last. Terrible governance has consequences,” said Shapiro.

This whole issue of people running away from social problems has already taken place. In the 60s, social programs promoted minorities to move into white urban cities. As the crime rate soared, whites fled the city, and the cycle of implosion increased. Detroit went from the richest city in our nation to one that declined into bankruptcy.

It’s hard to understand why cities would have a dozen Democratic mayors in a row that have failed to turn the tide of failure, and the people keep electing the same party. I was shocked to learn last year that Chicago has a zero chance of electing a Republican mayor because there are no conservative candidates in any race.

This obedience to the liberal agenda translates to people moving from one state to another. The people that decided to escape California for a better state are going to maintain the same voting record that was the reason for them moving. People that move to Texas from California will tend to support leftist candidates. Since Dallas, Austin and Houston have already become leftist-controlled zones, it may only take a few 100,000 new residents from the Golden State to turn Texas blue.

If Texas and Florida become blue states, the nation will become a one-party system. At that point, all 50 states will become just like California, New York, New Jersey, Illinois, and Connecticut. The next step in escaping the madness is to move to another country; but few people have the economic resource to relocate outside the U.S.

The only way we will be able to save America from leftist policies is for people to realize they don’t work and vote en masse for change. New York Mayor Bill De Blasio has clearly failed at his job. His COVID-19 policies have destroyed 60% of the city’s retail space. He hates his own police force while showing only love for the Black Lives Matters Marxists.

De Blasio thinks that higher taxes on the rich is the cure for all problems. “What changes thing is the redistribution of wealth. Tax the wealthy at a much higher rate,” said De Blasio. This reminds me of an old joke: A Socialist walks into a bar and says, “The drinks are on me! Who’s buying?”

Voters will have a lot of choices to make this November, from picking a president and a U.S. senator to dozens of state representatives and local judges. But one of the most important decisions before Illinois voters will be Gov. J.B. Pritzker’s “Fair Tax” amendment.

The ballot initiative will ask voters to approve a change to the state constitution that will allow lawmakers to set a graduated income tax rather than the flat tax that currently exists. According to Democratic lawmakers, 97% of Illinoisans would end up paying less.

The rich are already fleeing the state because Illinois is one of the highest tax rates in the nation. Raising the tax rate another 8% is only going to speed up the exit. Since the government always gets what it needs to operate from taxpayers, that promise to the 97% will quickly turn into a lie.

America’s problems have become so profound, it is hard to expect the voting process could ever be used to set things straight. Any type of political reform would need to come from the churches. The key cause of our troubles is that we have collectively allowed evil people to rule over us.

“When the righteous increase, the people rejoice, but when the wicked rule, the people groan” (Proverbs 29:2 ESV).

—Todd

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Pope and “Mother Earth”

As we as a generation of inhabitants of Planet Earth pierce ever more deeply into the end of the age, the picture of the emerging Tribulation world order comes into view. Presently that view is in the process of tightening into high-definition focus.

We adjust the knobs of that focus with our new book.

LAWLESS: The End-Times War Against the Spirit of Antichrist, we believe, makes clear and in sharp relief against the darkening, prophetic skies that the evil and chaos being churned marks this as the very end of this dispensation.

This is a book of compilation. That is, seventeen authors –all top Bible prophecy writers, broadcasters, speakers, and teachers—have contributed chapters. Each has written in depth on matters dealing with the lawlessness we’ve been witnessing and what it all means. It is, I believe, truly a book for these troubled though exciting times just before Christ calls the Church to Himself. (The book will be released, Lord willing, sometime in October.)

I begin the book in my introduction with the following:

Planet earth needs a savior. This declaration is at the center of the demand by true believers that all people of this endangered sphere must acknowledge. Those deniers—nonbelievers—are branded as her­etics. Those in denial of this unimpeachable assertion deserve to be, at the very least, incarcerated for their denial.

This mantra is central to the religious fervor of today. But, it is not the religious fervor of those who adhere to truth found in God’s Word, the Bible. The zealots who hold to this theology are, from heaven’s per­spective, lawless in their anti-God demands. The elitists in government and the news and entertainment media who believe man is destroying the planet and only man can stop the destruction. There is no God to be considered in the controls they intend to exert.

And it is indeed religious zealotry. It is for certain a theological mantra that festers at the lawless hearts of those who rave about climate change and mankind destroying the planet through wanton disregard for the wel­fare of Mother Earth.

Right on schedule, a global religious leader has emerged to the forefront of prophetic stage-setting. He has been instrumental in igniting the fever for the global warming (now “climate change”) fanaticism we see developing. Many, even among top Catholic clergy, have expressed they believe this man could be the final pope. A number among those believe him to possibly be the false prophet—the second beast—of Revelation chapter 13.

I don’t go that far. But certainly this man who came to papal power in such strange fashion exhibits characteristics of one who denies truth and leads the flock astray. Pope Francis has, for example, stated that even atheists will one day be in Heaven. He has said such things as all religions should pray to their gods for relief from COVID-19. He has said there are other ways to Heaven than through Jesus Christ. He has called for world governmental authority over all people. I have all these declarations documented in my files. These are not false accusations.

This pope has made no secret of his disdain for the current president and his administration. Trump’s anti-globalist, “Make America Great Again,” determination has driven the one-worlders into frenzy. Pope Francis is proving to be their champion, as demonstrated by the following news excerpt.

Pope Francis asked Christians to care about creation, saying that the abuse of ecosystems is a “grave sin” while lamenting the negative impacts of global warming and targeting President Trump “everyone abusing the ecosystem should be held accountable.”

We must look after our common home, “to the earth and to every creature,” the pope said during a speech in the Vatican’s San Damaso, “all forms of life are interconnected, and our health depends on that of the ecosystems that God created and entrusted to us to care for.”

“Abusing them, on the other hand, is a grave sin that damages us, and harms us, and makes us sick,” he explained.

“Everyone who abuses the ecosystem and avoids accepting the fact that our ‘common home’ is in danger should be held accountable,” the pope stated referring to President Donald Trump.

“It is easy to fall prey to an unbalanced and arrogant anthropocentrism, the ‘I’ at the centre of everything, which gives excessive importance to our role as human beings, positioning us as absolute rulers of all other creatures,” he continued.

“A distorted interpretation of biblical texts on creation has contributed to this misinterpretation, which leads to the exploitation of the earth to the point of suffocating it,” he added.

“Exploiting creation: this is the sin. We believe that we are at the centre, claiming to occupy God’s place and so we ruin the harmony of creation, the harmony of God’s plan,” the pope explained.

“We become predators, forgetting our vocation as custodians of life,” the pope continued…

Our poorest brothers and sisters and our mother earth lament for the damage and injustice we have caused, and demand we take another course,” he added. “demands of us a conversion, a change of path; taking care of the earth too, of creation.” (“Pope Francis Takes Aim At President Trump In A Recent Speech: ‘Abusing The Ecosystem Is A Grave Sin, Trump Should Be Held Accountable’,” ConsROOM, Rapture Ready News, September 18, 2020)

I write further in my introduction to LAWLESS: The End Times War Against the Spirit of Antichrist:

Mother Earth worship is the central unifying concept the father of lies has perpetrated that fits most propitiously within this spirit of Antichrist model. Branding against deniers of climate change as being the worst sinners within the religion of humanism is designed to make Christianity appear to be a false worship system. This is because the Bible declares that Jesus Christ, who is the very Word of God (John 1:1–3), is who has this earthly orb in His grip. It is not man who controls planet earth.

This, of course, is antithesis to the unimpeachable declarations of the environmental gurus who say man is destroying the earth with green­house gases from carbon emission. Only man, himself, through draconian actions to stop these deadly gases, can save himself from choking to death from unbreathable air or drowning because of the melting ice of the North and South poles.

Make no mistake, denial of God’s truth regarding creation and Jesus Christ is at the black heart of the lawlessness and evil comportment we are experiencing. The young are especially affected and infected by this Antichrist spirit. The rebellion is prophetically scheduled to get worse—much worse, and climate-change fervor will increase the nearer the age draws to the time of Tribulation.

While we move through this election season and watch the evil become increasingly worse, let us acknowledge that there is only satanic deception within the “Mother Earth” delusion being foisted particularly upon the young minds among us. Let us take the apostle Paul’s exhortation to heart:

I exhort therefore, that, first of all, supplications, prayers, intercessions, and giving of thanks, be made for all men; For kings, and for all that are in authority; that we may lead a quiet and peaceable life in all godliness and honesty. For this is good and acceptable in the sight of God our Saviour; Who will have all men to be saved, and to come unto the knowledge of the truth. For there is one God, and one mediator between God and men, the man Christ Jesus; Who gave himself a ransom for all, to be testified in due time. (1 Timothy 2:1–6)

–Terry