{"id":56807,"date":"2019-08-25T15:00:23","date_gmt":"2019-08-25T23:00:23","guid":{"rendered":"https:\/\/www.cogwriter.com\/news\/?p=56807"},"modified":"2019-08-26T07:43:13","modified_gmt":"2019-08-26T15:43:13","slug":"turning-its-dollar-into-a-weapon-will-help-destroy-the-usa","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/turning-its-dollar-into-a-weapon-will-help-destroy-the-usa\/","title":{"rendered":"Turning its dollar into a weapon will help destroy the USA"},"content":{"rendered":"

\"\"
\n<\/em><\/p>\n

COGwriter <\/a><\/p>\n

Forbes’<\/em> head Asian economist wrote the following:<\/p>\n

August 25, 2019<\/p>\n

By weaponizing both trade and currency, President Trump has infected the global economy with deep uncertainty. In imposing sanctions and tariffs\u2014as well as banning American firms from doing business with a growing list of foreign companies on grounds of national security\u2014Trump has enfeebled world trade, turning it into a brake on global growth. …<\/p>\n

Trump is also weaponizing the U.S. dollar, instructing the U.S. Treasury to put more countries under surveillance for suspected \u201ccurrency manipulation,\u201d subjecting them to potential retaliatory sanctions. …<\/p>\n

Trump\u2019s actions on trade and currency are now imposing a discernible drag on global economic growth. …<\/p>\n

I have argued earlier that the U.S. economy is more fragile<\/a> than it seems. Recession signals in the U.S. are getting stronger. https:\/\/www.forbes.com\/sites\/yuwahedrickwong\/2019\/08\/25\/the-next-u-s-recession-looking-more-likely-as-trump-weaponizes-trade-and-the-dollar\/#3e52011b3584<\/a><\/p><\/blockquote>\n

Notice also the following:<\/p>\n

Weaponizing the Dollar<\/strong><\/p>\n

The United States has taken advantage of the fact that the dollar serves as the world reserve currency by using it as leverage to achieve its foreign policy goals.<\/p>\n

In effect, the US has weaponized the dollar.<\/p>\n

The fact that the global system facilitating financial transactions uses the dollar gives the US a great deal of economic and geopolitical leverage. 06\/12\/19 https:\/\/schiffgold.com\/key-gold-news\/european-alternate-payment-system-to-circumvent-us-iran-sanctions-nearly-ready\/<\/a><\/p><\/blockquote>\n

Trump\u2019s policies add luster to gold at dollar\u2019s expense<\/strong><\/p>\n

11 June 2019<\/p>\n

Central banks in emerging countries are hoarding the precious metal at the fastest pace in decades. The \u201cweaponization\u201d of the dollar by President Trump is making countries increasingly wary of the greenback.<\/p><\/blockquote>\n

Twenty years after central banks in the West dumped gold in what many saw as the end of the metal\u2019s role in the global monetary system, their counterparts in emerging countries are hoarding gold at rates not seen in over 50 years.<\/p>\n

Central banks bought 145.5 tons of gold in the first quarter of 2019, an increase of 68% compared with last year and the strongest first quarter since 2013, according to the World Gold Council. In the past four quarters, these banks have hoarded over 715 tons of the precious metal \u2014 the highest that the industry-led body has ever recorded. \u2026<\/p>\n

US President Donald Trump\u2019s weaponization of economic tools<\/a> in pursuit of foreign policy breakthroughs is also prompting countries to look for alternatives to the dollar as the preferred repository for world savings. 06\/11\/19 https:\/\/www.dw.com\/en\/trumps-policies-add-luster-to-gold-at-dollars-expense\/a-49135607<\/a><\/p><\/blockquote>\n

Consider now the following:<\/p>\n

August 25, 2019<\/p>\n

It would take years to put compliance and regulatory structures in place to develop an electronic currency with the potential to challenge the dominance of the US dollar as the world’s preferred reserve currency, analysts say.<\/p>\n

The dollar is likely to reign supreme in the short-term despite trade tiffs dampening the global economic outlook and stoking fears of a possible currency war between the world\u2019s two biggest economies \u2013 the US and China. While central banks are stuck in a low interest rate environment, policymakers have begun suggesting radical ideas to tackle their fiscal challenges.<\/p>\n

Last week, Bank of England governor Mark Carney said the world\u2019s reliance on the US dollar \u201cwon\u2019t hold\u201d and should be replaced by a new international monetary and financial system. …<\/p>\n

Though he did not elaborate, Facebook\u2019s Libra comes closest to the digital currency Mr Carney described. The digital token – set to be rolled out next year and secured against a basket of reserve-backed currencies – would not be controlled by Facebook, but run by a consortium that includes Uber, Mastercard, Stripe, Visa, PayPal and Spotify, among others.<\/p>\n

Libra, or a token which JP Morgan plans to launch, could \u201ccarry the mantle of a global cryptocurrency which Mr Carney is talking about\u201d, said Mr Valecha.<\/p>\n

Yet how effective that currency will be in breaking the dominance of the US dollar on global level is a point of debate, Mr Valecha said. https:\/\/www.thenational.ae\/business\/economy\/mark-carney-s-proposed-digital-currency-to-challenge-greenback-still-years-away-1.902388<\/a><\/p><\/blockquote>\n

Yes, completely dethroning the US dollar appears to be years away.<\/p>\n

But it will happen!<\/p>\n

Turning its dollar into a weapon will help destroy the USA.<\/p>\n

Right now, various ones are taking steps to dethrone the US dollar as the world’s reserve currency. Michael Krieger <\/span>believes this may happen by 2025:<\/p>\n

\n

The Road to 2025 (Part 3) \u2013 USD Dominated Financial System Will Fall Apart<\/h2>\n

The USD is unique in that it grants the U.S. the \u201cexorbitant privilege\u201d<\/a> of having a national currency which at the same time serves as the global reserve currency. …<\/p>\n

Pricing key commodities such as oil, which everyone in the world needs, in USD creates a massive structural support for the dollar versus other government fiat currencies. If other nations constantly have to convert to USD before purchasing commodities, there\u2019s a constant underlying global demand to buy USD on a daily basis. No other country has this sort of structural support for its currency, and it allows the U.S. to be far more fiscally irresponsible than other countries without suffering devastating currency devaluations on the global market.<\/p>\n

Despite the tremendous advantage such a system offers the U.S. on the world stage, there haven\u2019t been any rival countries that could realistically challenge it given American economic dominance. This is no longer the case. …<\/p>\n

Still today, the US GDP accounts for 22% of world\u2019s GDP, while 80% of international payments are made in dollars.<\/em><\/strong><\/p>\n

Hence the United States receives goods from abroad always at comparatively very low prices, while the massive demand for dollars from the rest of the world allows to refinance the US public debt at very low costs. …
\n<\/em><\/p>\n

This is absolutely key. There\u2019s now a huge mismatch between the use of USD in the global financial system and the U.S. share of the world economy. China and Russia are acutely aware of this and have been taking major steps to transition to a more multi-polar currency world. There can be no multi-polar geopolitical world without a multi-polar currency world, which is why they\u2019re working toward dethroning the USD. I believe they will succeed.<\/p>\n

Specifically, I think by 2025 the world will have a completely different global financial system from the one chaotically birthed in the 1970s. The USD will lose its total dominance on the world stage, resulting in major implications geopolitically as well as at home. https:\/\/libertyblitzkrieg.com\/2018\/04\/19\/the-road-to-2025-part-3-usd-dominated-financial-system-will-fall-apart\/<\/a><\/p><\/blockquote>\n

While I am not certain of the date, if certain prophetic events take place within the next four years (e.g. Daniel 9:27; see The ‘Peace Deal’ of Daniel 9:27<\/a>), it is possible that the US dollar will be worth no more than its scrap and burning value by 2025.<\/p>\n

Another factor that will lead to the collapse of the US dollar is the increasing amount of debt in the US. And it is rising, even faster than various ‘experts’ predicted:<\/p>\n

The U.S. budget deficit is growing faster than expected and President Donald Trump\u2019s trade war is weighing on the economy, according to a new Congressional Budget Office forecast that highlights key challenges ahead of the 2020 elections.<\/p>\n

The shortfall is set to widen to $1 trillion by fiscal year 2020, two years earlier than previously estimated, according to the non-partisan group\u2019s annual budget outlook<\/a> released Wednesday in Washington. 08\/21\/19 https:\/\/time.com\/5657676\/us-budget-deficit-1-trillion-2020\/<\/a><\/p><\/blockquote>\n

The Hebrew prophet Habakkuk was told by God to write the following:<\/p>\n

\n

3 For the vision is yet for an appointed time; But at the end<\/strong> it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come<\/strong>, 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?<\/strong> Will they not awaken who oppress you? And you will become their booty. <\/strong>8 Because you have plundered many nations, All the remnant of the people shall plunder you. <\/strong>Because of men\u2019s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).<\/p><\/blockquote>\n<\/blockquote>\n

The world will wake up to the fact that the USA cannot possibly pay back its debts and will take successful military actions against the USA (cf. Daniel 11:39).<\/p>\n

The Continuing<\/em> Church of God<\/a> (CCOG) put together the following video on our Bible News Prophecy<\/a> YouTube channel:<\/p>\n

\"\"<\/a><\/p>\n

13:36 <\/span><\/div>\n
\n

Financial Reset by 2022?<\/a><\/h3>\n
\n
\n
Euro Pacific Capital CEO says the US economy is about to crash because of debt. US National Security Adviser John Bolton declared debt as a threat to society. Forbes writer John Mauldin says that a financial reset is expected in the 2020s, as does Willem Middelkoop, who believes gold may be part of a reset. Morgan Stanley believes the end of the current economic cycle may be in 2021. MIT pointed to changes in the 2020s. How much debt does the USA add daily? Does any of this tie in with biblical prophecies? Does Habakkuk 2 have applicability to the USA? Is it wise to try to discount debt and not pay it back in full? Dr. Thiel addresses these issues in the light of scripture.<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n

Here is a link to the sermonette video: Financial Reset by 2022?<\/a><\/p>\n

It is possible that the end of the US dollar possibly would happen during the next presidential term (as currently this could be theoretically possibly be as early as 2023 or 2024, presuming that the deal of Daniel 9:27 is confirmed within a year or so). A ‘reset’ could, however, be tried sooner.<\/p>\n

A while back, the Continuing<\/em> Church of God<\/a> (CCOG) put out the following video on our Bible News Prophecy<\/a> YouTube channel:<\/p>\n

\"\"<\/a><\/p>\n

15:19 <\/span><\/div>\n<\/blockquote>\n
\n
\n

US Sanctions and Tariffs leading to New World Order?<\/a><\/h3>\n<\/blockquote>\n
\n
\n
\n
Russian Prime Minister Dmitry Medvedev said new US sanctions would be a declaration of economic war. Iran, North Korea, China, Europe, and Turkey are also upset about USA sanctions and tariffs. A Turk asserted \u201cSomebody must find a solution and stop the USA.\u201d The BRICS nations see US sanctions and tariffs as helpful to their objectives to trade without the USA. Are \u201cunintended consequences\u201d of USA policies threatening the current Anglo-American world order and leading to a New World Order? What has \u2018Lord\u2019 Jacob Rothschild and Russian President Vladimir Putin stated? Does Bible prophecy show that a confederation of Turks, Arabs, and Europeans pose a real threat to the USA and UK? Is the final time of the Gentiles coming? Will it be worse than people imagine? Dr. Thiel addresses these issues and more.<\/span><\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n

Here is a link to our video: US Sanctions and Tariffs leading to New World Order?<\/a><\/p>\n

There is a cost to sanctions and weaponizing the US dollar.<\/p>\n

The end of US dollar dominance is coming.<\/p>\n

Some items of possibly related interest may include<\/em>:<\/p>\n

The End of US Dollar Dominance<\/a> Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan<\/a>.
\nThe Plain Truth About Gold in Prophecy. How Should a Christian View Gold?<\/a> 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? A video of related interest may be: Germany, Gold, and the US Dollar<\/a>.
\nSpiritual Samaritans: Old and New<\/a> Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria<\/a>.
\nEliminate the $100 bill?<\/a> Various ones, like Harvard economist and Trilateralist Larry Summers have called for the elimination of the USD$100 bill and the 500 Euro note. In Asia, South Korea is heading towards cashlessness by 2020. Electronic currencies are information and subject to monitoring. Did something God inspired the Apostle John over 1900 years ago now able to come to pass? This is a video.
\nThe ‘Peace Deal’ of Daniel 9:27<\/a> This prophecy could give up to 3 1\/2 years advance notice of the coming Great Tribulation. Will most ignore or misunderstand its fulfillment? Here is a link to a related sermon video Daniel 9:27 and the Start of the Great Tribulation<\/a>.
\nCollapse of the Euro and Dollar? War in 2020?<\/a> Larry Edelson of Money and Markets<\/em> described aspects of current economic difficulties and explained why he felt matters would get a lot worse. He said war, like World War III, could break out as early as 2020. What did he call the \u2018granddaddy of all cycles\u201d? Will matters go as he said? What does the Bible teach? Dr. Thiel provides biblical insights that secular sources often miss. This is a video.
\nEuropa, the Beast, and Revelation<\/a> Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about \u201cthe Beast\u201d? Is an emerging European power \u201cthe daughter of Babylon\u201d? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?<\/a>
\nEuropean Technology and the Beast of Revelation<\/a> Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military <\/a>When Will the Great Tribulation Begin? 2019, 2020, or 2021?<\/a> Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: \u00bfPuede comenzar la Gran Tribulaci\u00f3n en 2018 o 2019? \u00bfEs el Tiempo de los Gentiles?<\/a> You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives<\/a> and Can the Great Tribulation begin before 2020?<\/a> A shorter and newer video is: Might the Great Tribulation start in 2019?<\/a>
\nThe Times of the Gentiles<\/a> Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles<\/a>.<\/span>
\nArmageddon<\/a> Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon<\/a>. Other videos include: Armageddon Will it come on Trump’s watch?<\/a>, Iraq, Armageddon, & Prophecy<\/a>, Freemasonry, Armageddon, and Rome<\/a>, Is China paving roads to Armageddon?<\/a>, and Jordan, Petra, and Armageddon<\/a>. <\/a>
\nWorld War III: Steps in Progress<\/a> Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?<\/a>
\nDoes God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?<\/a> Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2027 or 20xx? There is also a video titled 6000 Years: When will God\u2019s Kingdom Come?<\/a> Here is a link to the article in Spanish: \u00bfTiene Dios un plan de 6,000 a\u00f1os?<\/a>
\nAnglo – America in Prophecy & the Lost Tribes of Israel<\/a> Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (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-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-Am\u00e9rica & las Tribus Perdidas de Israel<\/a>. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter?<\/a><\/span> and British are the Covenant People<\/span><\/a>. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?<\/a>
\nWill the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves?<\/a> 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? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? <\/a> Here is a related item in the Spanish language \u00bfSer\u00e1n divididas las naciones anglosajonas?<\/a>
\nBritish are the Covenant People <\/a> What do \u2018British\u2019 and \u2018Britain\u2019 mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
\nCanada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada?<\/a> There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy<\/a>.
\nAustralia and New Zealand in Prophecy<\/a> Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy<\/a>.
\nIs God Calling You?<\/a> This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is a link to a related sermon: Could God be Calling You?<\/a> A short animation is also available: Is God Calling You?<\/a>
\nChristian Repentance<\/a> Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance<\/a>.<\/span>
\nThe Gospel of the Kingdom of God<\/a> This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World\u2019s False Gospel<\/a>, The Gospel of the Kingdom: From the New and Old Testaments<\/a>, and The Kingdom of God is the Solution<\/a>.
\nDonald Trump in Prophecy<\/a> Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic?<\/a> and Donald Trump’s Prophetic Presidency<\/a>.
\nTrump Presidency Magic 8 Ball or Bible Prophecy?<\/a> BBC<\/em> reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
\nDonald Trump and America\u2019s Apocalypse<\/a> This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America\u2019s Apocalypse<\/a>.
\nDonald Trump and America\u2019s Apocalypse-Kindle Edition<\/a> This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon \u0019s Free<\/strong> Reader Apps<\/a>. After you go to for your free Kindle reader and then go to Donald Trump and America\u2019s Apocalypse-Kindle Edition<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

COGwriter Forbes’ head Asian economist wrote the following: August 25, 2019 By weaponizing both trade and currency, President Trump has infected the global economy with deep uncertainty. In imposing sanctions and tariffs\u2014as well as banning American firms from doing business with a growing list of foreign companies on grounds of national security\u2014Trump has enfeebled world […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56807","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t