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Report Date:
October 19, 2009
Alert Status:
Status - Special Report
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Chuck
Missler with
Koinonia House
Inc., does a really good job connecting the dots between our
headlines and the Bible. Below is a really well done article
that discusses the U.S. dollar and the impact it will have on a
global economy and eventually a global currency.
I have also included some very important
headlines for October.
Supplemental observation that is in process right
now. Russia is strengthening it's ties with Iran through gas,
nuclear fuel and weaponry. This is an important issue because
this is exactly what we are told in Ezekiel 38 would happen. The
Bible is very clear that Russia will become the ring leader to
the Persian Empire and we are seeing this accelerate before our
eyes. You may have also read in the news that in the U.N. Russia
has stalled any consideration of sanctions on Iran for there
nuclear ambitions. It makes perfect sense for Russia to do this.
Russia, North Korea and China have invested vast amounts of
resources to assist Iran and they are not going to sit by and
watch the world dismantle their friend in the Middle East.
Did
you know that Iran not only sits on a ton of oil, but she has
one of the largest natural gas deposits in the world? Guess who
has just signed a deal to get some of that gas? You guessed
right, Russia! Keep you eyes on
Russia and Iran and whatever
you do, don't take your eyes off of China. Whatever you may hear
in the media, China has global dominance on her mind and she is
not fond of America. In our life-times I strongly believe we
will see a
"global" currency. Stay in the Word and prayer
because the changes we will see over the next 10 years will be
staggering and shocking! Stay tuned... and whatever you do,
"Keep Looking Up!"
THE
DOLLAR LOSING ITS RESERVE STATUS
By:
Koinonia House
Inc.
It is no secret that the US dollar has been struggling. In fact,
during the past three months, banks have been putting 63 percent
of their new cash into yen and euro, and only 37 percent into
the dollar. This new trend away from the dollar as a reserve
currency is no surprise considering current rock bottom interest
rates coupled with the mountains of cash the Federal Reserve has
been printing. A mere 62 percent of the currency reserve at
central banks are in dollars right now, and that does not bode
well for American prosperity.
The current administration may not be as discouraged by the
situation as one might think. As Bond buyer Bill Gross of the
Pimco said in a recent CNBC interview, "I think that's part of
the administration's plan. It's obviously not announced—the
'strong dollar' is always the policy, so to speak. One of the
ways a country gets out from under its debt burden is to
devalue."
Yet, David Malpass noted recently in The Wall Street Journal,
"No countries have devalued their way into prosperity." It's a
great time to borrow capital in dollars, with low interest rates
and steady inflation promising a less painful future pay-off.
The steady flow of the dollar for off-shore production and
manufacturing offers some assurance of wealth for foreign
investors, but doesn't secure a lot of help for America. Malpass
writes:
"If stocks double but the dollar loses half its value, who
beyond Wall Street are the winners and losers? There's been a
clear demonstration this decade. The S&P nearly doubled from
2003 through 2007. Those who borrowed to buy won big-time. Rich
people got richer, seeing their equity bottom line double. At
the same time, the dollar's value was cut nearly in half versus
the euro and other stable measures. Capital fled, undercutting
job growth. Rent, gasoline and food prices rose more than
wages."
In other words, America needs a strong, stable dollar. Instead,
the dollar is in the decline and will continue to sweep downward
as long as interest rates remain low and money-printing remains
high. Cheap interest rates are helping spur investors so that
the economy can build back up, but at the same time are pulling
the financial carpet from under our feet.
World leaders also want a strong, stable dollar. They are not
happy about the rise of their own currencies next to the dollar,
because their exports therefore become more expensive and less
likely to sell in the US market. Countries like China, which
are holding vast amounts of dollars, don't want to see their
investment lose value.
As the dollar continues to fall, it is being replaced as
the dominant reserve currency, and we can almost hear voices
calling for a single global currency to settle the mess. In
March Governor Zhou Xiaochuan of China's central bank advocated
for a super sovereign reserve currency, saying:
"The
desirable goal of reforming the international monetary system,
therefore, is to create an international reserve currency that
is disconnected from individual nations and is able to remain
stable in the long run, thus removing the inherent deficiencies
caused by using credit-based national currencies."
Implementing a global currency would currently present
tremendous diplomatic challenges, and the headaches necessary to
create it are not yet seen as necessary by most world leaders.
Yet, Revelation 13 speaks of a time when all the economies of
the world are tied together so that the Coming World Leader is
able to require every human on earth to receive a mark in order
to buy or sell.
For now, China could do very well to work toward helping
strengthen the dollar. If China and those holding large numbers
of US dollars want the dollar to stabilize, they should purchase
more US goods and services, and help the US economy grow strong.
Related Links:
•
Obama Loosens Missle Technology Controls to China (He has lost
his mind)
• World
Currency is Emerging... (No surprise here)
• Russia
Allows Preemptive Nukes... (Russia is not our friend)
• The
Weak-Dollar Threat to Prosperity - The Wall Street Journal
• Dollar
Loses Reserve Status To Yen & Euro - New York Post
• Dollar
Slump �Mega-Bullish�
for Euro Corporate Bonds, BNP Says - Bloomberg
• China
Wants A Global Currency, But It's To Blame For Dollar's Decline
- The Baltimore Sun
• China
Proposes A One-World Currency - Koinonia House eNews
• Behold
A Black Horse: Global Inflation - Koinonia House
John 14:27;
Peace I leave with you, My peace I give to you; not as the world
gives do I give to you. Let not your heart be troubled,
neither let it be afraid.
Headlines are below
Š
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Because, in truth, because they have misled my people, saying, "Peace,"
when there is no peace; and because, when the people build a wall, these
prophets smear whitewash on it. Say to those who smear whitewash on it
that it shall fall.
(Ezekiel
13:1-16 / NRSV)
This Month's Headlines...
China And Russia
Making Gas and Trade Deals
- October 13, 2009
Russia and China bolstered their close but increasingly
imbalanced relationship on Tuesday when Russian Prime
Minister Vladimir Putin ushered through a tentative gas
supply agreement and deals worth $3.5 billion. Putin's talks
with Chinese Premier Wen Jiabao also covered the
international hotspots on which the countries share many
views, but with China's economy steaming ahead while Russia
has lagged during the global downturn, they focused on
nurturing ties in trade and energy. The Washington Post
Bro Stef's Comments: This is
very important for a few reasons, the most important
prophetic reason is this; this will provide leverage for
Russia in building it's war machine to levels prior to the
collapse of their regime. This is in alignment with
Ezekiel 38 and 39. Russia will lead the charge to
attempt to destroy Israel along with their Persian (Iranian)
friends. They need the capital to rebuild and modernize
their military. It looks like God will allow them to get the
funds needed to get the job done. In the end, it will be for
nothing, except one thing, the Lord will glorify Himself
when He destroys the Russian/Persian Alliance.
Wild Things
Author Says Parents Can "Go To Hell"
- October 12, 2009
This Friday, October 16, the movie adaptation of Maurice
Sendak's Where the Wild Things Are opens in theaters. One of
the main questions reporters are asking is, Will this film
based on one of the best children's books of all-time be
appropriate for children? Reporter: "What do you say to
parents who think the Wild Things film may be too scary?"
Sendak: "I would tell them to go to hell. That's a question
I will not tolerate." San Francisco Chronicle
Don't Ask Don't
Tell Author Disappointed With Obama
- October 12, 2009
Retired Army Colonel Bob McGinnis says he's "disappointed"
by President Barack Obama's promise to scrap "Don't Ask
Don't Tell" and allow gays to serve openly in America's
armed forces. McGinnis says the Pentagon believes openly gay
soldiers could "seriously damage unit cohesiveness
especially in battlefield situations" because he argues many
straight soldiers wouldn't trust their openly homosexual
counterparts.
In Gaza,
'Underground Trade' Is A Literal Term
- October 10, 2009
In Gaza, tunnels were first dug under the border to smuggle
weapons from Egypt when Israel controlled the territory
before its pull-out in 2005. Israel and Egypt sealed Gaza's
borders in June 2007 after Hamas broke off its power-sharing
arrangement with the Palestinian Authority President,
Mahmoud Abbas. Now tunnel trade is the way to get anything
from baby formula to livestock, and generates a lot of funds
for Hamas. Sydney Morning Herald
3 Tips To
Intelligently Handle Evolution Education
- October 05, 2009
"Tip #1: Never opt out of learning evolution. Despite the
one-sided nature of evolution-education, I found that the
more evolutionary biology I took, the more I became
convinced that the theory was based upon unproven
assumptions, contradictory methodologies, and supported
weakly by the data. So my first tip is to never be afraid to
study evolution. But when studying evolution, always think
critically and stay proactively informed about a diversity
of viewpoints."
Terrorists
Recruiting American Somalis
- October 04, 2009
Although al-Qaeda itself is under more pressure than at any
time since 2001, the threat from affiliated groups such as
Shabab is growing. In particular, such groups are providing
al-Qaeda a pipeline of American and European fighters whose
passports would make it easier for them to travel undetected
and potentially attack Western targets, current and former
US officials said. "The role of returning foreign fighters
to the United States changes the nature of the threat to the
homeland," FBI Director Robert S. Mueller Mueller said in
written testimony last week to a Senate hearing into the
evolving terrorist threat inside the United States.
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"Many nations shall come and say, Come, and let us go up to the mountain
of the Lord, To the house of the God of Jacob; He will teach us His
ways, And we shall walk in His paths." For out of Zion the law shall go
forth, And the word of the Lord from Jerusalem. - Mic 4:2
"If I
forget thee, O Jerusalem, let my right hand forget her cunning. If I do
not remember thee, let my tongue cleave to the roof of my mouth; if I
prefer not Jerusalem above my chief joy." Psalm 137:5,6
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Shalom v'ahava
b'Yeshua HaMashiach
(Peace and love in Yeshua
The Messiah),
Bro Stef
Publisher & Watchman
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Then those who feared the Lord spoke to
one another, And the Lord listened and heard
them; So a book of remembrance was written
before Him For those who fear the Lord And
who meditate on His name. AMEN! Malachi 3:16
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