No matter what Congress does, America will soon plunge over its Fiscal Cliff. It is an inevitability since it has been in the makings for many decades; of poor fiscal responsibility, reckless spending, and uncontrolled borrowing of money to make up for the deficit in the US tax revenue. But many do not know that this was already prophesied in the Bible, the Word of God nearly 2000 years ago! As we enter into the new year, 2013, the picture will become clearer as we see the great danger that America is now facing.
This paper is about how SATAN, ‘the god of this world’ 2Co4:4, is using ‘the GREAT MEN OF THE EARTH’ by ‘SORCERIES’ to deceive all nations Re18:23. They are flooding the world with fiat US$, and thereby destroying the US economy and financial system, and that of all the nations of the world who hold them! This is the prelude to the rise of the AntiChrist- the Beast, and the phasing out of all paper currencies, substituting the mark of the Beast 666 in order to make any transactions Re13:16-18. This paradigm shift from fiat paper money into the AntiChrist system is presently being played out by the inordinate printing of fiat paper currencies, namely the US$, which will fail one day soon!
An excellent article written recently on Nov 12 by Alfred Adask titled ‘Fiat Currency Sorcery’ gave some insights on how LUCIFER also known as SATAN, is weakening the nations Is14:12; to bring them all nations under his subjugation and rule, through deception by SORCERY, which is another word for Magic. During the days of the prophet Moses, Ex7:11 states that ‘..Pharaoh also called the wise men and the sorcerers: now the magicians of Egypt, they also did in like manner with their enchantments’. Sorcerers do magic to deceive and to bewitch others. Ac8:9 states that Simon the Sorcerer ‘..bewitched the people of Samaria, giving out that himself was some great one’.
Revelation chapter 18 speaks of the great fall of a commercial BABYLON– a GREAT CITY, and a world trade center: ‘BABYLON the great, is fallen, is fallen, and is become the habitation of devils..’v3, that in just one hour this great city will be under severe judgmentv10, where all kinds of important commodities are traded there.. gold, silver, precious stones, linen, silk, wood, brass, iron, marble, spices, wine, oil, etc v10-13. The merchants of these things shall wailv15 ‘for in one hour so great riches is come to nought..’v17. Re18:23 states ‘..for thy merchants were the GREAT MEN of the earth; for by thy SORCERIES were all nations deceived’. How were all nations deceived by SORCERIES? Who are these GREAT MEN OF THE EARTH, the merchants of BABYLON, and what kind of SORCERIES did they perform to deceive the nations?
Can you guess what great city this ‘BABYLON’ may be today, where the world’s most important stock, commodity, and bond markets reside, and the most important commercial banks are headquartered? In this day, it can be none other than NEW YORK CITY! There is an old adage ‘you can fool some people some of the time, but you cannot fool all people all the time’. But in the case of fiat paper money– the US$, most people today are ignorant and being deceived as to its worth, and what will eventually happen to the ever-increasing paper money supply of US$ that is being created today right ‘out of thin air’, like magic and by deception. Enter the DRAGON aka SATAN, the Devil Re12:9; SATAN’S SORCERY Through the US FEDERAL RESERVE BANK (FRB).
SORCERY- The US FEDERAL RESERVE BANK, Neither Federal, Nor A Reserve
The Federal Reserve Bank is not a part of the US Federal Gov’t, and it contains no reserve for the US. Its name is a very clever one, for it is a private bank, and holds no real reserve for America. The FRB is owned by a few of the wealthiest men in the world. The US Congress gave up its constitutional authority to ‘coin money’, by approving the formation of the Federal Reserve System nearly 100 years ago in Dec 1913, to take charge of the US money supply. The point that the FRB is the master of SORCERY is easily proven because since 1971 over 40 years ago, despite printing of enormous amounts of money, there is absolutely ‘no US$ convertibility into gold, or any backing of any sort for the US$’. The FRB prints US$ out of the thin air and bewitches people all over the world and nations to accept it as a medium of exchange. It is just paper with nothing backing it!
In Aug 1971 Pres. Nixon closed the ‘gold window’ denying foreign nations the right to exchange their US$ holdings for gold. At the peak of gold prices in Sep 2011 at $1900 per oz, the Official US Gold Holding of 8134 tons, about 262 million oz, was worth less than $500 billion. Yet today, the official US national debt of over $16 trillion is 32 times greater than all the gold the US owns. Moreover, there are over $100 trillion the US Gov’t owed in unfunded liabilities, to individuals and corporations in cash and savings in America and elsewhere. Furthermore, the US gold holding has not been audited since 1953, leading many people to wonder whether there is any gold left in Fort Knox, KY or in the Federal Reserve Bank of New York. Is all the gold still there or has some been stolen? Whatever, the point made here is that there is a pitiful amount, or no backing of the US$ that everyone holds!
Since 2008, due to the slowing of our economy, mega bankruptcies, high unemployment and home foreclosures, increased social support, fighting two wars aboard, and declining tax revenues, the US Gov’t has run up deficits of more than $1 trillion each year for the past 4 years. Latest figures show that for the 1st two months in FY 2013, the US deficit is $292 billion, or $1.75 trillion annualized. Today, the US Gov’t is spending $4.8 billion daily that it doesn’t have, and must borrow 46¢ for each dollar it spends. When the US Gov’t goes into debt, it borrows the money from the Federal Reserve. With the present US national debt over $16 trillion, the accumulated interest is over $360 billion yearly, mostly owed to the FRB, who created the money out of nothing! Presently, the FRB is buying $85 billion monthly of US Gov’t treasury and mortgage bonds or about $1 trillion yearly. This is known as Quantitative Easing. But where does the FRB get all its unlimited money to bail out the US Gov’t? THIS IS THE SORCERY– the money is created right out of ‘thin air’ before our very eyes, and it is accepted everywhere and by everyone!
Today in order to bail out the US, the FRB is ‘digitally printing’ about $85 billion a month to prevent a collapse of America’s economy. The FRB’s financing the US Govt’s spending is called ‘monetizing the debt’; printing new money to pay off our national deficit. The FRB ‘prints’ the money and gives it to the US Treasury, thereby increasing the US national debt, now exceeding $16.3 trillion. This is the SORCERY by the FRB as stated in Re18:23 ‘..for THY MERCHANTS were the GREAT MEN OF THE EARTH; for by thy SORCERIES were all nations deceived’. Nations are being duped and deceived into accepting valueless paper money that one day will be no good. Very few American people are aware of this deception and/or clamoring against it! The present inordinate printing of US$ via Quantitative Easing (QE) to infinity will eventually bring about the collapse of America and the rest of the world!
The Incredible Explosive US National Debt- (US National Debt Growth Since 1913- 5000Xs)
It took the US over 200 years (1982) to reach a $1 trillion in debt, then 4 years later (1986) to double to $2 trillion; then 6 years (1992) to double to $4 trillion; 14 years (2006) to double again to $8 trillion, and finally only 6 years (Sep 2012) to double to $16 trillion. Since 2008 the US national debt has increased from $10 trillion to over $16 trillion, a 60% increase in just 4 years. For Congress to resolve America’s Fiscal Cliff would require the printing of even more US$, causing the US national debt to rise inexorably. The US credit rating would be greatly impaired, resulting in a downgrade of the US bonds, interest rates to skyrocket, and high inflation and high cost of living to return!
The Incredible Shrinking US$
According to experts, back in 1913 when the Federal Reserve Bank (FRB) took control of the US money supply, the 1913 US$ of a 100¢ is now worth less than 5¢. The purchasing power of the US$ has lost 95% of its value due to the inflation of our money supply by the FRB and the US Gov’t overspending! Thus, it would take 20 times the amount of money to buy something today than a 100 years ago. Since Aug 1971 when the ‘gold window’ was closed, and denying exchange of the US$ for gold to foreign countries, the 1971 US$ is now worth only 18¢. Presently, there is nothing backing the enormous amounts of US$ here and everywhere in the world- except for the full faith and credit of the US Gov’t! The incredible shrinking US$ will continue to shrink as the US goes into future rounds of QE! America will eventually go over the Fiscal Cliff no matter what actions Congress take. America is ‘hooked on debt’, and our national debt one day will bring on our own demise!
Adask Law- Fiat Currency Sorcery
In his excellent article, Alfred Adask quotes economist John Maynard Keynes, who made a very interesting and cogent point that describes what is happening to America and the US$ today: ‘There’s no subtler, no surer means of overturning the existing basis of society than to debauch (inflate) the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which only one man in a million can diagnose’ The Economic Consequences of Peace by Keynes (1920). What Keynes was alluding to is that very few people can understand what will eventually happen to the US$. The present hidden forces of destruction in the infinite printing of US$ by the Federal Reserve Bank will bring forth a collapse of the US economy and the ruination of our way of life. Soon with hyperinflation, the US$ will one day be worthless! But this seems to be the only solution the US Gov’t has to survive- borrow increasingly more money from the FRB, and for the FRB to accommodate it by printing more money out of ‘thin air’, like SORCERY-MAGIC.
Here are a few rhetorical questions (paraphrased) from Adask’s paper Fiat Currency Sorcery: When the FRB through the US Treasury prints new currency, do they pay for the paper, ink, and labor with the money they already printed? Can the US Treasury print any amount of money on a piece of paper? Why pay interest on the US national debt when the US Gov’t could just pay it off by printing one piece of paper for that amount? Why does the Federal Reserve Bank shred tons of worn and torn Federal Reserve Notes daily, instead of giving them to the poor? Who in their right mind would shred or burn money? Doesn’t the daily shredding of our fiat currency prove that Federal Reserve Notes are not ‘money’? Why does the US Gov’t go to the trouble of issuing and selling US Treasury bonds when they can simply print all the money that they need? Why doesn’t the US Gov’t just print all the money it needs instead of issuing bonds? What is stopping them? Finally why would the US Gov’t need to collect any taxes if they can just print money? Herein lies the SORCERY, where fiat currency namely the US$ is foisted upon an ignorant world until one day due to the creation of too much ‘money’, like magic, the ‘money’ loses all its value and ‘poof’, it disappears! This will eventually lead to a hyperinflation similar to what happened in Germany in the 1920’s!
Germany’s Weimar Republic Hyperinflation
Here is an anecdote of the terrible hyperinflation experienced in the 1920s Germany written in the book The Penniless Billionaires. A wealthy German widow in her fifties decided to visit relatives in Switzerland. At that time in 1919, she had more than 600,000 marks in a bank account, equivalent to $70,000 then. She had intended to visit for only a few weeks but overstayed because she broke her hip, and also developed tuberculosis! A few years later in 1923 she was well enough to return to Frankfurt. Upon returning home she discovered a nightmare! In a stack of accumulated mail, she had three letters from the bank. The 1st letter was from a friend, a minor bank official, requesting her to come in to discuss strategies because the ‘purchasing power of the German mark was declining’. The 2nd letter from the bank requesting that she should close her account because the amount she had was now ‘too small’ for them to hold. The 3rd letter she opened from the bank stated that her bank account was closed, and the smallest denomination they had to repay her was a ‘one million mark note‘! With great shock and panic, she looked at the front of the envelope and noticed that the canceled postage stamp was also ‘one million marks’. The ravages of hyperinflation savaged her once great savings that could have provided her a comfortable living, to the value of a postage stamp!
There are many other similar horror stories of that era, like people burning worthless paper money to keep warm. The people hurt most were those who had savings in paper money, government bonds, retirement accounts, and fixed pensions. Banks and insurance companies also suffered huge losses and were left with nothing but their paper money. Ironically, the ones that made out were those with huge debts, or mortgages, since they could pay off their loans with cheaper money, like paying off a ‘million dollar home’ for the price of a postage stamp. This same hyperinflation will also soon visit America as she is now flooding herself with more fiat US$ in order to survive!
SATAN’s Role in the Endtimes- to Destroy the US$ and World’s Economy By SORCERY
Re12:9 states ‘..the great dragon was cast out, that old serpent, called the Devil, and SATAN, which deceiveth the whole world: he was cast out into the earth..’. Here we see that SATAN is referred to as the great Dragon, that old Serpent, the Devil. 1Pe5:8 tells ‘Be sober, be vigilant; because your adversary the devil, as a roaring lion, walketh about, seeking whom he may devour’. SATAN is the thief who ‘cometh not, but for to steal, and to kill, and to destroy..’ Jn10:10; ‘..He was a murderer from the beginning’, ‘a liar and the father of lies’ Jn8:44. Jesus said ‘I beheld SATAN as lightning fall from heaven’ Lk10:18. In Is14:12, it spoke of LUCIFER aka SATAN, ‘..how art thou cut down to the ground which didst weaken the nations!’. Piecing all these scriptures together, we see that SATAN is our adversary and a murderer, and wants to take as many people to Hell with him! His job is to destroy all people and the nations with lies and half-truths, lying, stealing, and killing, and deceiving all nations by SORCERIES Re18:23.
Finally, Re12:12 tells ‘Woe to the inhabiters of the earth and of the sea! for the Devil is come down unto you, having great wrath, because he knoweth that he hath but a short time’. This means that the SORCERIES that SATAN is perpetrating through ‘the merchants of Babylon, the great men of the earth’, of printing enormous amounts of paper money, will accelerate and come to a head. Because of extreme indebtedness and the printing of fiat paper currencies, the already weakened nations will soon collapse. The old world order will soon be destroyed. Consider this: there are strange and cryptic Masonic symbolisms on every US$ bill. On the ‘Great Seal’ there is the ‘All-Seeing Eye’, the ‘Great Pyramid’, and the Latin words ‘ANNUIT COEPIS’ meaning ‘our enterprise is crowned with success’ and ‘NORVO ORDO SECULORUM’, a ‘NEW WORLD ORDER’. Together these two phrases mean ‘OUR NEW WORLD ORDER IS NOW A SUCCESS’ (See Satan On Our Dollar)! By the SORCERY of printing unbacked paper fiat currency, SATAN has deceived and weakened all nations, and will bring forth a worldwide collapse. The AntiChrist reign will then begin, and the mark of the Beast 666 issued Re13:16-18, during the Great Tribulation period that Jesus spoke of in Mt24:21!