Global Financial System is Coming

Here is what we do know;  the current financial system needs to get out of the way in order for the Global Financial System that the Bible speaks of in the Last Days, to make its entrance.

So we KNOW that the current system is going to fail....we just don't know WHEN.

However, there are increasing numbers of hints that the table has been set and the triggers have been loaded....

Central banks around the world are meddling with their currencies through massive easing, none more so than Federal Reserve Chairman Ben Bernanke, according to a Wall Street Journal editorial.

“The Fed is supposed to be the steward of the dollar, which is still the world's reserve currency,” Journal editors write. “But since the crisis Mr. Bernanke has all but declared that the rest of the world can take care of itself.”

Central banks around the world have had to respond to the Fed’s easing program with easing of their own “to keep their currencies from rising too fast,” the editorial states. “Mr. Bernanke is the band leader in this round of monetary nationalism.”

As the size of government has grown, the importance of controlling the money supply has increased. “In the U.S. and U.K., a major side benefit for politicians of near-zero interest rates and bond purchases is that they help to finance huge government deficits at rock-bottom rates,” The Journal editors write.

“Fixed or more-stable exchange rates would impose a discipline on government spending that few politicians of any stripe really want.”

Meanwhile, editors of The New York Times argue against government manipulation of currencies in an editorial of their own.

“Such misguided thinking can lead only to chaos and retaliation,” The Times editorial reads. “If all countries were to competitively devalue their currencies, the result would be a downward spiral that would benefit no one, but could lead to high inflation.”

Here;  http://www.moneynews.com/FinanceNews/Bernanke-central-banks-leadership-currencies/2013/02/15/id/490552?s=al&promo_code=1276F-1

Remember friends, "monetary easing" is just another way of saying "creating money out of thin air."  Common sense tells you that printing paper money can't create anything OF VALUE.  If it was that simple, every nation on earth would just print money and hand it out to all their citizens and make everybody wealthy!! 

Also remember what we have said numerous times over the past years....currency wars lead to trade wars and trade wars lead to shooting wars.

To many folks watching, it appears the currency wars have started.