Vladimir Putin, Official Photograph
A reader sent me the following:
Why is Putin stockpiling gold?
MarketWatch, Dow Jones & Co…
According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world’s fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars’ worth every month…
Putin’s moves may matter to your finances, because there are two ways to look at gold.
On the one hand, it’s an investment that by most modern standards seems to make no sense…
But there’s another way to look at gold: As the most liquid reserve in times of turmoil, or worse.
The big story of our era is not that the Spanish government is broke, nor is it that Paul Ryan apparently feels the need to embellish his running record. It’s that the United States, which has dominated the world’s economy for several lifetimes, is in relative decline…
We will soon be the first people in two hundred years to live in a world not dominated by either Pax Americana or Pax Britannica. This sort of changing of the guard has never been peaceful. http://www.marketwatch.com/story/why-is-putin-stockpiling-gold-2012-09-05?link=MW_story_popular
As I have long written, the decline of the Anglo-powers is upon us and this will not be good for the U.S.A., U.K., Canada, Australia, and New Zealand.
One of the reasons that the price of gold is as high as it is has to do with the continual debasing of the U.S. dollar through federal government deficit spending and programs like “quantitative easing” (a modern way to inflate the money supply). Notice also the following which confirms part of that:
8 September 2012…Gold prices rushed to a six-month peak, copper hit a near 4-month high and oil rose for a third day as investors speculated the Federal Reserve will launch a third round of quantitative easing or bond buying to help the U.S. economic recovery...Logically, any Fed easing tends to boost asset prices, including that of commodities, as it weakens the dollar. http://in.reuters.com/article/2012/09/07/markets-commodities-idINL2E8K7BYO20120907
The Bible warns about debasing the currency:
4 Take away the dross from silver (Proverbs 25:4a).
25 I will turn My hand against you,
And thoroughly purge away your dross,
And take away all your alloy. (Isaiah 1:25)
22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)
Dross is a cheaper metal that is normally placed inside a covering of a precious metal like silver. Governments began to do this thousands of years ago when they had financial problems. Putting dross into silver cheapens currency, just like putting water into wine dilutes the wine’s value. In modern times, government spending in excess of revenues and quantitative easing programs (QE1, QE2, and likely QE3) are a way to dilute the value of currencies. This is not the biblical solution to US economic problems.
In various forms (including when it turned its silver coins into dross in 1965) the U.S.A. has embraced many ways to devalue its currency. This will not end well for the U.S.A. nor for its British descended allies.
All need the return of Jesus Christ and the establishment of His Kingdom.
Some articles of possibly related interest may include:
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in 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 and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? 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?
Russia: Its Origins and Prophesied Future Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end?
Is Russia the King of the North? Some claim it is. But what does the Bible teach?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
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?
What is the Gospel? True religion should be based upon the true gospel. What are some of the different gospels and where did they come from? Do you believe the true or a false gospel?
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about?
What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
Are You Saved? Do You Love Jesus? What is a True Christian? What is the Gospel? Evangelist Richard Ames answers those important questions.
True vs. False Conversion Are you really converted or willing to be? What is true conversion? What is false conversion? What are the dangers of false conversion? Evangelist Roderick Meredith provides information on those important questions.