18 Apr 2022

Is the Dollar about to Be Dethroned as the World’s Reserve Currency?

The dollar has been the world’s reserve currency since the U.S. and its allies agreed at the 1944 Bretton Woods conference. According to the International Monetary Fund, the dollar’s share of global reserves stands at 59%, far above the euro at 20.5%. After the euro, there’s a steep drop to the No. 3 slot, which is occupied by Japan’s yen at 5.83%.

What really cements the dollar as the world’s reserve currency is an agreement reached with Saudi Arabia. The U.S. promised to protect Saudi Arabia if it would require that all oil sales be made in dollars. If a nation wants oil from the kingdom, they would have to go to the F.X. market and buy dollars. The majority of global oil sales—around 80%—are done in dollars.

As the world’s primary reserve currency, the U.S. enjoys the “exorbitant privilege” that goes along with that, such as interest rates that are lower than they might otherwise be and the government being able to fund budget deficits in perpetuity.

The U.S. has a massive shortfall in trading with the rest of the world. The U.S. goods trade deficit reached a record $1.09 trillion in 2021—an increase of $168.7 billion (18.3%) from the 2020 trade deficit—according to new U.S. Census Bureau data. In 1991 our trade deficit was only $28 billion. There is very little concern about the deficit because we can simply print the money to pay for our imports.

We do export a lot of goods and services to our trading partners. In December of 2001, the value of our exports was $228.1 Billion, but we imported $308 Billion worth of stuff, leaving us with a deficit of $80 Billion.

Over the years, the quantity of dollars has built to a huge amount. According to the U.S. Department of the Treasury, foreign countries held a total of $8 trillion dollars. It would be very natural to assume that the $1 dollar bill has the highest quantity in circulation. There are actually more $100 bills in circulation than $1 bills.

The dollar has been slowly losing its status as the reserve currency. After peaking at 73% of all currency transactions in 2001, the dollar has been in constant decline. The one thing that is preventing a collapse in the dollar is that no other currency is set to capture the world’s reserve currency title.

One of the greatest dangers to the dollar is inflation. High levels of inflation are eating away at the purchasing power of the dollar. Once people realize what is happening, they will use their dollars to buy hard assets like gold, silver or real estate.

Another reason for nations to back away from the dollar is sanctions. The U.S. has frequently used the dollar to punish rogue nations. Over the years, the White House has increasingly turned to economic sanctions to punish other nations. In the 90s, there were about 20 sanctions issued every year. In 2021 there were over 100 sanctions issued. One explanation for the massive increase in the number of sanctions is the start of issuing them against individuals.

Russia is currently the top target because of its invasion of Ukraine. Putin has been very crafty at avoiding sanctions. He sold off all of Russia’s holdings of U.S. bonds and purchased large quantities of gold, which has no financial loyalty to any nation.

The latest move by Putin is to require all purchases of Russian commodities to be made in rubles. This is very clever because many nations need Russian natural gas, oil, and fertilizer. By forcing them to buy rubles, Putin will gain access to foreign currency.

China is making moves that may harm the dollar. It is in active talks with Saudi Arabia to price some of its oil purchases in yuan. This move would dent the U.S. dollar’s dominance of the global petroleum market.

Because America is not mentioned in Bible prophecy, it is very likely that the U.S. is going to suffer a financial meltdown or some other calamity. If the Antichrist is able to control the world’s financial centers, the Mark of the beast will clearly become the world’s reserve currency.

“He causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name” (Rev 13:16-17).

–Todd


Messiah Misunderstanding

Fiction is something not many Rapture Ready family members or people who come to my blog Terryjamesprophecyline.com want to entertain. Just the facts—or at least an opinion on the facts, based upon Bible truth, for the most part, are what our fellow believers who come to the websites want.

Fiction is something, however, that sometimes–often, as a matter of fact—inserts itself in a way that doesn’t allow for its dismissal out of hand.

My great friend, Dr. Tim LaHaye, used to say with a laugh that many detractors charged that everything he wrote was fiction. These, of course, were planting their invective based upon his being part of the Tim LaHaye/Jerry Jenkins writing team that produced the phenomenal-selling fiction series Left Behind. Anyone who knew Tim’s tremendous volume of writing work knew that was as far from truth, as some fiction can be from fact.

His nonfiction writing on themes directly from the Bible that formed the basis for many Christians, and even non-Christians, to understand God’s truth is legendary. And his participation in the fiction involved in the Left Behind series thrust forward God’s message to an audience of millions across the world in ways that continue to reverberate in results for the great cause of Christ today. It was fiction with a Heaven-sent core of truth.

Again, Left Behind was steeped in absolute truth. There is coming a removal of believers in Christ from this fallen planet, and then all hell will break loose. This will be followed by Christ’s return at Armageddon to put an end to all of the wicked one’s death and carnage inflicted upon mankind. Christ will then rule and reign over a restored, pristine planet for a thousand years.

This Tim LaHaye, with the tremendous novel-writing skills of his friend, Jerry B. Jenkins, portrayed all of the above in ways that couldn’t be done through nonfiction books.

It is with that as preface that I mention again a fiction series for which I’m currently writing the third book. It is entitled MESSIAH: The Prince That Shall Come.

As the prophecy student that is up to understanding the facts about what Bible prophecy has to say on this topic, the title is an oxymoron of sorts. The Messiah is the Lord Jesus Christ, while “the prince that shall come” is to be Antichrist—as found in Daniel 9:27.

And it is a melding of fiction and fact about which I write at present. My fictional account will be meant to portray that the world is looking for a Savior, as are the Jewish people of Israel who are religious–still within Judaism. They are looking for, praying for, their Mashiach to appear to them and vanquish all enemies. He, they believe, will then set up his kingly rule, where Israel will live and prosper in peace, free from any enemy threats.

There has developed in these last days both fact and fiction involving Israel’s Mashiach–Messiah. The intrigue interwoven within the reports on the matters involved is great fodder for the novelist. I’m thinking hard on how it might be used in MESSIAH: The Prince That Shall Come.

Be that as it may, there continues to be profound misunderstanding about Israel’s Messiah, and it’s not something to be dismissed as unimportant. Within its intrigues loom world war and peace and resides the very truth about God’s salvation message to all of mankind.

Here are excerpts from the item that tripped my fascination.

Israel is among the most vaccinated countries against Covid. Many people don’t know that Israel is also among the countries that check for Covid the most.

According to one famous rabbi, there is a far more sinister agenda behind the tests. In a recent lecture, Kabbalistic Rabbi Alon Anava asserted that the Vatican is examining all nasal swab tests for Covid-19 to determine whose DNA the tests accumulated matches King David’s.

According to Rabbi Anava, who was at one point in his life pronounced clinically dead and then came back to life, the Vatican excavated underneath King David’s tomb on Mount Zion to collect his DNA. He added that the Vatican knows that the Messiah will come from the lineage of King David, and so they are trying to see who is alive today that is a match with the Biblical king. He added that they are doing this to preemptively kill the Messiah or messianic candidates before they redeem the world.

There is some legitimacy to his claim on the Vatican tomb raiding the grave of King David.

In March 2021, Israel365 News reported on a motion filed against the Jerusalem Municipality for turning a blind eye to a massive illegal digging project under the Tomb of King David in Jerusalem’s Mount Zion. According to the case brought by the Israeli NGO Regavim, the Jerusalem Municipality has been concealing the existence of an underground tunnel dug by the Church of the Dormition, one of the largest and most recognizable Catholic churches in Jerusalem….

This section of Mount Zion includes the subterranean area believed to be King David’s tomb, the Hasmonean-era city walls, and the First Temple-era city wall. (“Covid tests are checked by Vatican to determine who Messiah will be, rabbi says,” David Sidman, Mar 3, 2022 | Biblical News)

If there is truth to be found within this story, it just confirms that a powerful fiction still tortures the minds of those within both Judaism and in Catholicism. They, if the account is even partially true, still hold that the coming Messiah prophesied in God’s Word is something other than God Himself. In this belief–either system—lies eternal doom, not salvation.

Let us pray that that those within both systems will look for the return of the true Messiah. One that cannot be destroyed, and who will make all things right on this fallen planet full of anti-God rebels.

He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord Jesus. (Revelation 22: 20)

—Terry

11 Apr 2022

Vegetarianism Has Become an End-Time Religion

It has become clear to me that vegetarianism has transformed into a religion for millions of people. They live the vegan lifestyle, and they are more than happy to share their diet with everyone. Just as Christians seek to convert the lost by bringing them to the cross, vegetarians seek to create a works-based salvation. The new Mayor was recently giving a news conference, and he proclaims, “I eat plant-based centered life.”

The powers that be are on track to repeat the energy disaster that led to the current massive shortfall of fossil fuels. If the government sets goals on when we will stop eating meat, the likely result will be a shortage in protein. The left would cheer a no-meat-by-2035 deadline. Because of the disinvestment in animal farming, people would be starving by 2027.

Vegans can be so hateful to omnivores, their actions are often cultic. They have the moral high ground, and everyone needs to hear them. Here are three statements from people who posted online:

“I haven’t personally met every vegan on Earth, but every vegan I’ve ever met has tried to force their beliefs on others. Some of them have just said outrageously terrible things to me, others have started an online mob campaign against me, and others have tried to get me fired from my job. So there is definitely a varying degree in the intensity of the attacks, but I have never once met a vegan who could just live their life and let me live mine.”

“I’ve lost count of the number of so-called ‘friends’ who became vegan and then almost immediately fell out with me simply because I’m not vegan.”

“I am probably one of the most un-vegan people in existence (meaning my entire diet revolves around meat and animal products) simply because I don’t agree with the ideology behind it. Namely, I don’t agree that not eating meat or animal products will end animal suffering, which seems to be one of the main reasons for somebody becoming vegan.”

In 2019 an Australian woman sued her neighbors because the smell of BBQ was drifting into her yard. Claiming they were doing it on purpose, Cilla Carden told a TV reporter, “All I can smell is fish. I can’t enjoy my backyard.”

She feels that if she can’t enjoy her backyard without the aroma of meat and fish cooking on the barbie, her neighbors shouldn’t be able to enjoy their backyard either.

So far, it seems the courts are taking a dim view of her contentions. Her complaint was tossed out of court last year. She filed an appeal, but the Supreme Court of Western Australia rejected it as well. She reportedly has vowed to keep fighting.

The end result may be just the beginning of Cilla’s troubles. It seems that in response to her legal challenges, her neighbors are organizing a neighborhood cookout outside her home. According to a Facebook page, the event is being called “Community BBQ for Cilla Carden.”

“Don’t let Cilla destroy a good old Aussie tradition; join us for a community BBQ, and help Cilla Carden get some pork for her fork,” the event description reads. The event never took place because Facebook blocked the page.

It is rather remarkable that most, not some, of the worst genocidal maniacs were vegans. Genghis Kahn, who terrorized most of Asia, killed 1,780,000 people in just one hour. Pol Pot, who murdered 2 million Cambodians, or one-quarter of his fellow countrymen, was also an avowed vegan. The same is true of Joseph Stalin, who mostly ate walnuts, garlic, plums and pomegranates. He also drank copious amounts of wine.

There is no question that Charles Manson was a confirmed vegetarian, and he was also very vocal about animal rights. I guess it’s okay to kill people, but you’d better not be killing any puppy dogs! A more recent vegan gone mad was Adam Lanza, the nut job who killed 20 innocent kids in 2012 at Sandy Hook Elementary school in Newton, Conn.

Joseph Goebbels, who was Hitler’s propaganda minister, developed this whole media campaign around the idea that Hitler loved animals so much that he couldn’t eat them, and this proved that he could never have any people killed. Needless to say, it was not the most successful propaganda campaign in history, if you know what I mean? Hitler was also said to be an ardent opponent of torture and the dissection of animals. I guess it didn’t bother him that his Nazi underlings chopped up and gassed millions of humans before burying most of them in mass graves. But you’d better not be kicking any cats around!

Hitler often had meetings with his top Nazis and always tried to dissuade his colleagues from eating any meat. Rudolf Hess, Hitler’s Deputy Fuhrer, was so vegan that he brought his own veggie meals to these dinners. At the end of his life, Hitler mostly ate beans and mashed potatoes. No wonder he suffered terrible bouts of flatulence.

The Apostle Paul, in the book of Timothy, predicted that vegetarianism would be a sign of the latter days. Mankind is always looking for some way to find salvation. By abstaining from eating meat, even people like Hitler can view themselves as good moral beings. The only way to true salvation is to be washed in the blood of Christ; anything else is just a distraction.

“Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils; Speaking lies in hypocrisy; having their conscience seared with a hot iron; Forbidding to marry, and commanding to abstain from meats, which God hath created to be received with thanksgiving of them which believe and know the truth. For every creature of God is good, and nothing to be refused, if it be received with thanksgiving” (1 Timothy 4:1-4).

–Todd


Prophesied Power-Bloc Players Appear

Such a great many end times stage-setting issues and events are inundating our hourly news that it is as if they are wearing camouflage, blinding the prophecy observer to things actually transpiring. In some cases, we don’t see developments in their actual, dynamic context; they’ve become so prolific that we’re desensitized to their importance.

This has, to this point, definitely been the case of developing geopolitical power blocs foretold by the prophetic Scriptures for the rollout of the end of human history. While the Second Advent approaches, the alignments of nations should become increasingly observable.

We’ve gone over a number of times the developing one-world order. We’ve examined, in general terms, the European Union and its likelihood for being the nucleus out of which the Antichrist kingdom will form. We’ve explored the fact that three major players that will make up the Gog-Magog coalition force of Ezekiel 38–39 have formed north of Israel.

We have looked—again, in general terms—at China and it becoming the king of the “kings of the east” found in the prophecies of Revelation chapters 9 and 16. However, there’s now appeared a definite formulation of end-times geopolitical entities that insinuate at least a degree of demarcation, so far as final arrangements for the abrupt end of this Age of Grace and the beginning of the Tribulation era are concerned.

I believe three distinct power blocs that are important to the playing-out of prophetic fulfillment have just emerged with the recent coming together of two primary nation-spheres. And by “spheres,” I mean to imply those two nations and the vast regions that now or will soon come under their hegemony.

Before we look at those, I want to mention the nations of the Western alliance, as it is generally configured.

The United States, for the most part, is still at the helm of this bloc. Europe is a growing influence, with guys like Emmanuel Macron of France and others making a lot of noise in attempts to shape how Western culture and geopolitics will control the masses from here forward. This group almost certainly is destined to shape things to come.

So, I believe we are looking at the Antichrist empire in its gestation period. These, in addition to some Arab states in the Middle East, will likely comprise the group of countries that will send the note of protest when the Gog-Magog attack occurs. It is more than merely conceivable that Antichrist will anticipate that carnage, and will march in to claim his place in prophetic history despite that the Lord God of Israel clearly will have won the day.

Now to the most recent development that has piqued my interest.

The lead-in to the following news more or less depicts the matter. I’ll let it speak to the developing situation.

Lavrov: Russia, China Moving Towards Multipolar “Fair World Order”

Lavrov and Yi were seen on Chinese state TV in face masks bumping elbows in front of their national flags shortly before the meetings – which Lavrov will attend – to discuss ways to help Afghanistan….

Russian Foreign Minister Sergey Lavrov affirmed Thursday his country’s keenness on the steady and continuous development of relations with China, noting that the two countries intend to move forward towards “a multipolar, fair, and democratic world order.”

Lavrov has arrived in the Chinese city of Tunxi to participate in the third Meeting of Foreign Ministers of Afghanistan’s Neighboring Countries.

At a meeting with his Chinese counterpart Wang Yi, the Russian minister expressed that Moscow is “interested in our relations with China developing steadily and consistently, our leaders – President [of Russia Vladimir] Putin and President [of China] Xi Jinping agreed upon this.”

He indicated that “Today, as you have said, we will consider concrete steps to ensure that all those agreements are consistently implemented.”

For his part, Chinese Foreign Minister Wang Yi said Russian-Chinese relations “have withstood new tests by changes in the international situation, maintained the right direction, and demonstrated a solid development trend.”

Wang pointed out that “The desire of the two sides to develop bilateral relations has become even stronger, so did the confidence to promote cooperation in various directions.”

In a joint statement issued following the meeting, the two ministers “stated that in light of the challenging international situation, Russia and China continue to strengthen their strategic partnership and speak with a unified voice in global affairs.”

“It was agreed to further bolster foreign policy coordination, enhance cooperation on the bilateral track as well as in various multilateral formats,” the statement read. (“Lavrov: Russia, China intend to move towards ‘multipolar’ world order,” By Al Mayadeen, Net Source: Agencies, March 13, 2022)

As I view it, with this declaration by Russia and China to claim their part of the multipolar world order, the three major power blocs of final prophetic fulfillment are now brightly lighting up God’s radar scope. The Antichrist system, with all of the so-called Deep-State intrigues and COVID-type manipulations; the Russian system that will influence a confluence of nations to attack Israel, as given by Ezekiel; and China, the growing power of the regions east of the Euphrates set to dominate all within their sphere…all is in readiness. Can the Rapture of the Church be far off?

For when you see all these things begin to come to pass, then look up, and lift up your head, for your redemption draws near. (Luke 21: 28)

—Terry