DECLINE OF THE DOLLAR

GREETINGS,

“The Fall of America

Chapter 20

Decline of the Dollar

1 The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.

2 The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was backed by gold for every $5 note and up. All of her currency was backed by silver, from a $1 note up.

3 But today, the currency of America is not backed by any sound value – silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold.

4 This is the number – one fall, and it is very clear that the loss of the power of the American dollar means the loss of the financial power of America. What will happen since there is no sound backing for her notes we do not know.

5 What should we expect even in the next twelve months under the fall of the power of America’s dollar? This means that we have 100 percent inflation. What could happen under 100 percent inflation? Your guess is as good as mine. The power of gold and silver was once abundant in America. But the touch of the finger of God against the power of so mighty a nation has now caused the crumbling and fall of America.

6 We can easily and truthfully liken the fall of America to the prophetic symbolical picture given in the (Bible) Revelation of John 18:2. The name Babylon used there does not really say whether it is ancient Babylon or a picture of some future Babylon.

7 The description it gives is as follows:

“And he (angel) cried mightily with a strong voice (with authority) saying, Babylon the great is fallen, is fallen and is become the habitation of devils, (Allah has declared the people to be a race of devils) and the hole of every foul spirit and a cage of every unclean and hateful bird.” The description here give to the Babylon by the prophets compares with the present history and people of America and their fall.

8 The picture shows the cause of her fall. Number one, she had become the habitation of devils, and being the habitation of devils makes her a haven for every people that love the works and doings of the devil. Here the prophet refers to them, symbolically, as being a hole of every foul spirit, and a cage of every unclean and hateful bird.

9 People are referred to as birds, snakes, beasts, fish and other animals to tell or represent the characteristics of that person. It is universally known that the very beginning of the American people was from the lower class of European people. And their first ruler (President Washington) was a fugitive from England. And the common, dissatisfied and lower grade of European people followed and boosted his authority. This filled and inhabited America with a very low class and low-based people.

10 And then this type of people went into Africa and purchased slaves from among our people who were also uneducated, most of them; but there were a few who were highly educated. All of these began to mix with the low-based, evil-minded, real citizens of the Western Hemisphere (whites). And when America began to get strong in power, she opened her doors to the underprivileged (laborers) in overpopulated countries such as China, Japan, and in Europe to seek citizenship in America.

11 This brought into America one of the most mixed people, who were granted the freedom to live any kind of life they chose. They were not forced to serve the God of the universe who made heaven and earth nor any religion. They had freedom of worship. This made America a haven for any people who wished to be free of the compellers of religion and just rule and authority. This people for the past five hundred years have put into practice every evil that is imaginable.

12 The freedom of uncleanliness is granted and is worshiped. The percentage of sexual worship of the same sex is greater than any government on the face of the earth. Little children are bing taught sex almost from the cradle, making the whole nation, as one man put it, “nearly 90 percent freaks of nature.”

13 It is common to see on the streets of any metropolitan city of America men sweethearting with men and women sweethearting with women. Little boys with boys and little girls with girls.

14 It is common that a decent family is puzzled as to where to send their children for schooling. There are no all girl schools as there once were. They are all girls schools of sweethearts; the same sex falling upon their own. Boys’ colleges are breeding such filthy practice; the jail houses, prisons, and the federal penitentiaries are all breeding dens of homosexuals.

15 As the Prophet says in the 18th chapter; “She is a cage of every unclean and hateful bird.” There are types of hateful birds. This is why a symbolical name is given. It means human beings. There are birds of prey and birds that are unclean such as crows, owls, buzzards and ravens who live and thrive off the carcass of others. And there are unclean people living and thriving off the unclean.

16 It is time that God intervenes to bring about an end of such people as the wicked of America. She offers the same filth to all of the civilized of the earth, and she hates you if you are against her way of life and will threaten you with death as the Sodomites did Lot and his followers. But I say to you as the 4th verse of Revelations, Chapter 18 says: You that want to be a better people than this, “come out of her.”

17 The so-called American Negroes are referred to here in the 4th verse as being God’s people (“My people”) Come out of her…that ye be not partakers of her sins and that ye receive not of her plagues.”

18 This is a call to the American so-called Negroes to give up a doomed, wicked people that has destroyed them from being a people worthy of recognition, and who have now become lovers of their enemies and destroyers.

19 The 5th verse tells us that “Her sins have reached into heaven and God has remembered her iniquities and is ready to destroy her.” Her destruction cometh quickly, according to the 8th verse, that plagues of death, mourning and famines which cometh in one day (one year) then after that she shall be destroyed by fire, utterly burned.”

20 This is backed up by the words: “Strong is the Lord God who judge her.” Here it gives us a knowledge that He who judges is well able with power, with wisdom, and with deliberate and careful maneuvering to make judgement against her. “———-NOW READ THIS;”Dollar under scrutiny at G20 summit
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Delicious Digg Facebook Fark Newsvine Reddit StumbleUpon Technorati Twitter Yahoo! Bookmarks Print AFP/File – The embattled US dollar is expected to come under scrutiny at a summit of developing and industrialized … by P.Parameswaran P.parameswaran – Thu Sep 24, 7:45 am ET
PITTSBURGH, Pennsylvania (AFP) – The embattled US dollar is expected to come under scrutiny at a summit of developing and industrialized nations following China-led calls to review its role as a reserve currency.

The dollar issue is bound to surface at the two-day meeting in Pittsburgh as US President Barack Obama and other leaders of the Group of 20 economies debate a new framework for tackling the so called global “economic imbalances” blamed for fuelling the latest financial crisis.

“Though not clear how the plan would be enforced, it would involve measures such as the US cutting its deficits and saving more, China reducing its reliance on exports and Europe making structural changes to boost business investment,” analysts at French bank Societe Generale said in a report.

Some argue that the financial crisis resulted from imbalances between savings and investment in major economies, which have led to large current deficits, as evident in the United States, and surpluses, as enjoyed by China.

Beijing was the first to call for a new global currency as an alternative to the US dollar as the US deficit rocketed — the White House estimates it could reach nine trillion dollars over a decade.

Chinese Premier Wen Jiabao expressed concern as early as March over the safety of his country’s huge US bond holdings now worth more than 800 billion dollars, making it the largest creditor to the United States.

Then, Chinese central bank governor Zhou Xiaochuan, who supervises more than two trillion dollars worth of dollar reserves, the world’s largest, raised the stakes by calling for a new reserve currency in place of the dollar.

He wanted the new reserve unit to be based on the SDR, a “special drawing right” created by the International Monetary Fund, drawing immediate support from Russia, Brazil and several other nations.

“These countries realize that they would suffer losses if inflation eroded the value of the dollar securities they own,” said Richard Cooper, a professor of international economics at Harvard University.

But he said there were no feasible alternatives to the US dollar as a widely used international currency, discounting even IMF’s synthetic SDR currency, comprising a basket of the dollar, euro, yen and the pound.

“The dollar will remain the dominant world currency, thanks to the stability of our political system and the rule of law that isn’t a feature of many other economies,” said Irwin Stelzer, director of economic-policy studies at the Washington-based Hudson Institute.

Some groups, he said, were buying euros and other currencies from time to time, “but not in amounts that threaten the dollar’s primacy.”

Even the Chinese are stuck with nearly a trillion dollars worth of US bonds and are not likely to drive down the value of that hoard by selling large amounts of dollar-denominated assets, Stelzer said.

But what is baffling analysts is that a key UN agency — the United Nations Conference on Trade and Development, or UNCTAD — has joined the chorus of calls for a new reserve currency.

An UNCTAD report this month endorsed a proposal that IMF-issued SDRs “could be used to settle international payments.”

Until the current global economic crisis, SDRs issued by the IMF have been used by IMF member nation states “primarily as a reserve account to support international trade transactions, not as an alternative international currency available to settle international debt transactions in danger of default,” said political scientist Jerome Corsi in “Red Alert,” a global financial newsletter.

China, meanwhile, continues to flex its muscle.

It has proposed that the G20 economies consider setting up an international wealth fund that would invest a portion of its members’ current-account surpluses in developing economies.

“These comments reinforce their desire to diversify out of dollars and to encourage other nations to do so as well,” said Kathy Lien, chief strategist for Global Forex Trading.

A few Chinese deals were recently seen accepting payment in the currency of the buyer rather than in dollars, especially with Brazil, which the Asian giant is wooing as a future oil supplier.

In addition, China — the first nation to sign an agreement to buy IMF bonds — took the unsual step of paying for the papers equivalent of 50 billion dollars with its yuan currency rather than dollars, which Beijing uses for much of its trade and other foreign transactions.

Carl Weinberg, chief economist of High Frequency Economics, said he was surprised by the move but did not see it having any major impact on the dollar.

“The transaction can now be clearly seen as a political move by Beijing to get more traction in the governance of the IMF, not as an effort by the PBOC (Chinese central bank) to reduce the share of dollars in its reserve asset,” he said.” —-AND IF THAT IS NOT ENOUGH READ THIS…..;”

HSBC bids farewell to dollar supremacy

The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.

 

By Ambrose Evans-Pritchard
Published: 7:14PM BST 20 Sep 2009

Comments 212 | Comment on this article

A dollar bill

All change: the dollar is losing ground as the world’s reserve currency Photo: Bloomberg News

“The dollar looks awfully like sterling after the First World War,” said David Bloom, the bank’s currency chief.

“The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP,” he said

Crucially, China and rising Asia have reached the point where they can no longer keep holding down their currencies to boost exports because this is causing mayhem to their own economies, stoking asset bubbles. Asia’s “mercantilist mindset” of recent decades is about to be broken by the spectre of an inflation spiral.

The policy headache was already becoming clear in the final phase of the global credit boom but the financial crisis temporarily masked the effect. The pressures will return with a vengeance as these countries roar back to life, leaving the US and other laggards of the old world far behind.

A monetary policy of near zero rates – further juiced by quantitative easing – is completely incompatible with circumstances in most of Asia, the Middle East, Latin America, and Africa. Divorce is inevitable. The US is expected to hold rates near zero through 2010 to tackle its own crisis.

What is occurring is an epochal loss in the relative wealth and economic power of the old G10 bloc of rich countries compared to rising regions of the world. The euro, yen, sterling, Swiss franc and other mature currencies will be relegated along with the dollar in this great process of rebalancing, but the Greenback will bear the brunt.

The Fed’s super-loose policy is turning the dollar into the key funding currency for the next phase of the global “carry trade”, taking over the role of Japan during its period of emergency stimulus.

Mr Bloom said regional currencies would emerge as the anchor for their smaller trading partners, with China, Brazil, or South Africa substituting the role of the US. Australia is already linking its fortunes to China through commodity ties.”

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