Playing With Paper
The reasons that the world may soon make in favor of having a one-world currency continues to build. The Japanese earthquake has caused Japan's currency to fluctuate wildly....so the rest of the world had to intervene into their currency market.
The world's biggest economies have got together to intervene in the currency markets for the first time in more 10 years.
What is currency intervention?
It consists of buying or selling on the currency markets, trading from one currency to another.
For example, if you are selling yen you would automatically move into another currency such as the dollar.
Why would governments want to intervene?
A currency which is seen to be too strong is damaging to exporters and their ability to compete in world markets.
This is what has happened to Japan. So it's not surprising that the authorities want to weaken it.
Equally, intervention can help prop up a weak currency - a fall on the foreign exchanges is an inflationary risk as it makes imported goods more expensive.
Why did the latest disaster make things worse for the Japanese currency?
The yen started rising soon after the earthquake struck as markets anticipated that companies would need to move overseas funds back home.
Major manufacturers need to repair construction facilities so they are likely to shift funds from foreign operations.
By definition this will strengthen the yen as companies switch from holdings of dollars and euros.
This week the yen was the strongest it has been against the dollar since WWII.
See it here; http://www.bbc.co.uk/news/business-12787285
Now ask yourselves a question....if Japan is the world's third largest economy....what will happen when the world may soon have to intervene in the U.S. currency market to prop up our paper money? Remember, we are currently the world's ONLY reserve currency, but the sun is about to set on that blessing that was granted to us following WWII.
We have royally screwed up that blessing. Following WWII we were the nation who loaned money to the rest of the world. Now we owe trillions of dollars to foreigners that we will never be able to repay.
Psalm 37:21
21 The wicked borrow and do not repay,
but the righteous give generously;
Psalm 1:6
6 For the LORD watches over the way of the righteous,
but the way of the wicked leads to destruction.
posted by dennis at
8:36 AM
2 Comments:
Have you heard of this video - http://www.endofamerica15.com, and if so, what do you think of what the author is saying? I realize that there is a sales pitch at the end but I'm wondering about the validity of the points made.
yes Mark, I have heard of Porter Stansberry and I believe I have even posted some of his stuff. Of course he is not writing as a Christian with a Biblical worldview...but God sends rain on the wicked and the blessed...and Porter is seeing the writing on the wall very clearly. In fact, he confirms a lot of things we have been posting about for quite some time.
So, yes, I believe he makes some VERY valid points.
National Inflation Association also makes some VERY good points, but they also are a secular organization which believes that only gold, silver and certain stocks will save you when then crap hits the fan. Obviously the Bible clearly tells us that neither gold nor silver will save us from the day of the Lord's wrath. Thank God we will not be here to see it.
Ask the Holy Spirit what he specifically wants YOUR FAMILY to do in these last days...as some of the preparations that you may be led to make may be used by God to care for the Tribulation Saints who will be coming to Christ AFTER the rapture.
Blessings,
D
Post a Comment
Subscribe to Post Comments [Atom]
<< Home