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Teaser Mail Reviews Silver Stock and Fiat Money
Teaser Mail Reviews Silver Stock and Fiat Money 
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By Charles Delvalle With some currency traders expecting the Fed to push rates higher to combat inflation, the dollar has seen recent strength. But will that strength last long enough to reverse the multi-year long dollar downtrend? |
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| Silver Stock and Fiat Money |
| Sunday, 09 September 2007 | ||||||||
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The comfort with which most Americans have lived their lives is likely to end within this decade--due to global events that are now manifesting themselves. What is Money? Today our monetary system is made up of fiat money - money by “decree”, or simply - money printed “out of thin air”. Fiat money has been tried for thousands of years but it has one thing in common. Every fiat money system in the history of the world has failed. This is a very important fact! Ours will be no different! The question is, when will it happen, and what form will the destruction take.When the Federal Reserve was created in 1913, our country began the long journey from using God’s money – established by the Bible first and our constitution second – to our current fiat monetary system. This private entity, controlled by the world’s powerful bankers, has fallen prey to the greed of man and has maneuvered our economy into a corner that will possibly ignite a hyperinflationary monetary environment within the next few years. The result could be the destruction of the US dollar as the world’s reserve currency. How did the Fed paint us into this corner? The Trap is SetAfter the turn of the century, the Fed had a major problem - how to keep the economy from entering a deep recession. Following the double shock of the NASDAQ market collapse and 9/11, the Fed needed to stave off a major recession and deflation similar to the 1930’s. To accomplish this, they lowered interest rates to multi-decade lows and cranked up the electronic printing press. This deadly combination saved the economy for a time, however it led to a bubble in the housing market. Our cash flow society took the opportunity provided by low interest rates to increase the size of their mortgage and all other forms of debt. Furthermore, lenders took the opportunity to lower credit standards to absurd levels, adding to our debt woes. This flies in the face of what God tells us in Proverbs 22:7 – “The rich rules over the poor, and the borrower is servant to the lender.” Today, rising interest rates, falling home prices, and a tightening of credit standards have caused buyers for homes disappear. The imbalances created by this situation have led to what is known as a “liquidity trap” – a perfect storm of circumstances that has caused credit markets to seize up. The credit crisis may have begun in the mortgage market, however it has spread into other markets. The toxic waste known as OTC derivatives, which were used to package suspect subprime mortgages with other debt, was sold into markets throughout the world, rated AAA, or “investment grade”.
Now these debt instruments are being exposed as junk, and the reaping of the fields of greed and deceit which were sown has just begun. Biblical Worldview The thought of this can be quite unnerving. However if you examine these events through a Biblical worldview, you can see how they fit into the progression of events toward the end times predicted in the Bible. Regardless of your view of eschatology, there are a series of events that must happen prior to Jesus’ return. The world framework which must be in place includes: 1) There will be a single currency. 2) There will be a single government. 3) There will be a move toward a single religion. Even with the level of globalization that we have seen over the last 20 years, these are still very dramatic changes to the current world order. There needs to be a catalyzing event to move toward this world structure. With a Biblical worldview in mind, I would propose the following as a possible scenario. I am not called to speak this as a prophetic word from God. As the US economy goes through economic and social turmoil, we lose global influence. Politically we are dealing with our own problems and we leave the world stage as a global policeman. Our US dollar is no longer the world’s reserve currency after being destroyed via hyperinflation. It is replaced by a regional currency similar to the Euro, which includes Canada, the US and Central America. The new “Amero” replaces the US dollar, the Canadian dollar and the Mexican Peso.During this time, the same thing happens to Asian currencies – they consolidate. This takes us one giant step closer to a single world currency. The US hegemony is no longer an issue, and there would instead be 3 or 4 regional world currencies. As currencies consolidate, so will governments. Witness how the sovereignty of European countries has been destroyed as their governments are slowly consolidated in the name of economic progress. With this step complete, the stage is thus set for a one world currency and one world government. As painful and unpleasant as it might be to go through, it sounds like prophetic progress to me! Doug Tjaden Doug Tjaden is a father of 5 and is a pastor/elder of “The Mountain Church” in Castle Rock, Colorado. He is Director of Administration of Equipping the Family Ministries. He can be emailed at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Source Excerpted from : Silver Stock Report
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