Federal Reserve’s Fisher Opposed to Quantitative Easing and Worried About USA Having Greek-Style Riots
“I will break the pride of your power” (Leviticus 26:19)
Not everyone at the US Federal Reserve is pleased with the directions it has taken:
Dallas Fed’s Fisher Not Supportive of Quantitative EasingBloomberg – May 1, 2012
Federal Reserve Bank of Dallas President Richard Fisher said he’s not supportive of another round of quantitative easing…“No amount of monetary accommodation will make up for this problem of not dealing with this fiscal cliff,” Fisher said in an interview from Los Angeles played today on BNN Television in Canada. He said Europe’s fiscal and economic issues are a lesson for the U.S. “Monetary policy alone cannot solve problems without proper fiscal policy,” Fisher said. “If we let it go too far as the Greeks obviously did, we’ll end up with riots in the streets in the United States.” http://www.bloomberg.com/news/2012-05-01/dallas-fed-s-fisher-not-supportive-of-quantitative-easing.html
The above should be very sobering. Another top US economic official is concerned enough to go public–but, he and others that have done so are in a minority and still tend to underestimate how bad things are (they simply do not tend to compare what the Bible shows is in store).
Serious economic and moral changes need to happen in the USA. But what really is needed is not likely to happen.
Without trying to get into debates within the US Federal Reserve on this, the reality is that the debt in the USA is much more dangerous than most realize. Notice a prophecy from the Bible:
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man… 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you (Habakkuk 2:3,5,6-8).
Now, the USA is not yet to the point that its creditors will rise up suddenly. I suspect that may be over four years from now. Yet, by failing to make the changes necessary, the USA is certainly setting itself up for sudden destruction. And it may have more serious protests that the Occupy Movement has thus far been. Civil unrest is coming to the USA.
Shortly after I wrote the above, I noticed the following:
OAKLAND, Calif. (AP) — Hundreds of activists across the U.S. joined the worldwide May Day protests on Tuesday, with Occupy Wall Street members in several cities leading demonstrations and in some cases clashing with police.
In Oakland, Calif., stinging gas sent protesters fleeing a downtown intersection where they were demonstrating. It was unclear whether police fired the gas, but officers took four people into custody.
Black-clad protesters in Seattle used sticks to smash small downtown windows and ran through the streets disrupting traffic. http://www.google.com/hostednews/ap/article/ALeqM5hQKuTAiGzAJCs4Gu1pQP_0Mx-Yow?docId=cf1d94aec175477cb802b1350a23db27
Those that do not believe that the USA can have Greek-style riots or worse are in error.
For another reason that might hint why, notice a warning in Isaiah 30:12-13:
12 Therefore thus says the Holy One of Israel:
“Because you despise this word, And trust in oppression and perversity, And rely on them, 13 Therefore this iniquity shall be to you Like a breach ready to fall, A bulge in a high wall, Whose breaking comes suddenly, in an instant.
Of course, more and more, the Anglo-American nations are trusting in policies that encourage and trust perversity. There will likely be more severe riots before the sudden breaking comes.
The Bible clearly warns that an indebted people (and the UK has possibly the highest per capita debt in the world, with the USA the highest total debt) will be destroyed by people whose language that they do not understand, and that the destruction will be fairly total:
43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52).
The debt situation and moral situation in the USA is serious. They cannot continue indefinitely and will end in ways that most Americans really do not believe is possible.
While another round of “quantitative easing” (or some similar equivalent to increasing the US money supply) will not spell the immediate end of the USA, it will add another straw on the proverbial camel’s back. At some point it will all come crashing down in ways that the bulk of American politicians have not truly considered possible.
To learn more, please check out the following articles:
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Prophecies of Barack Obama? Are there biblical and non-biblical prophecies about Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? This is a lengthy article with many prophecies that Barack Obama may end up fulfilling.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”. Might Bible prophecy be fulfilled by him?
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Abortion, the Bible, and a Woman’s Right to Choose Do you know what the Bible teaches on this? Has the Roman Catholic Church allowed abortions? What about the Living Church of God?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe?