{"id":7571,"date":"2011-06-22T12:46:54","date_gmt":"2011-06-22T20:46:54","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=7571"},"modified":"2011-06-23T05:11:23","modified_gmt":"2011-06-23T13:11:23","slug":"bernanke-clueless-on-economy-bible-is-not","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/bernanke-clueless-on-economy-bible-is-not\/","title":{"rendered":"Bernanke Clueless on Economy, Bible is Not"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"\/ben-bernanke-official-portrait.jpg\" alt=\"\" width=\"225\" height=\"281\" \/><br \/>\nBen Bernanke<\/p>\n<p><a href=\"\/cogwriter.htm\">COGwriter<\/a><\/p>\n<p>The U.S. Federal Reserve Chairman apparently does not understand the USA economy according to an article in <em>Forbes<\/em> late today:<\/p>\n<blockquote><p>Brutally honest, Bernanke admitted that he had no clue what was actually  causing the current fragility in the U.S. economic recovery.<\/p><\/blockquote>\n<p>Perhaps he should read the scriptures on blessings and cursings in the Bible as they mention that being confused is a curse from God:<\/p>\n<blockquote><p>20 The Lord will send on you cursing, confusion, and rebuke in all that you set your hand to do, until you are destroyed and until you perish quickly, because of the wickedness of your doings in which you have forsaken Me. 21 The Lord will make the plague cling to you until He has consumed you from the land which you are going to possess. 22 The Lord will strike you with consumption, with fever, with inflammation, with severe burning fever, with the sword, with scorching, and with mildew; they shall pursue you until you perish.\u00a0 (Deuteronomy 28:20-22)<\/p><\/blockquote>\n<p>(Biblical concepts such as tithing, land sabbaths, and observance of jubilee years are something else the Fed Chairman does not understand&#8211;and they impact the economic cycles.)<\/p>\n<p>The same <em>Forbes<\/em> article today also stated:<\/p>\n<blockquote><p>Patting himself on the back, Bernanke once again defended his   controversial programs of long-term asset purchases, dubbed QE1 and 2.\u00a0   \u201cPeople don\u2019t appreciate how pernicious deflation could be\u201d for the   economy, said the chairman, who then said QE2 saved the economy from   deflation and was completely justified at the time.\u00a0 \u201c[Back then] we   were missing on both sides of our dual mandate, today we are much closer   [to fulfilling it].\u201d\u00a0 <a href=\"http:\/\/blogs.forbes.com\/afontevecchia\/2011\/06\/22\/bernanke-admits-hes-clueless-on-economys-soft-patch\/\">http:\/\/blogs.forbes.com\/afontevecchia\/2011\/06\/22\/bernanke-admits-hes-clueless-on-economys-soft-patch\/<\/a><\/p><\/blockquote>\n<p>Yet, inflating the money supply through currency debasing (QE1 and QE2) and debt (&#8220;stimulus&#8221; programs) is not something advocated in the Bible.\u00a0 Notice:<\/p>\n<blockquote><p>4 Take away the dross from silver (Proverbs 25:4a).<\/p>\n<p>25 I will turn My hand against you,<br \/>\nAnd thoroughly purge away your dross,<br \/>\nAnd take away all your alloy.\u00a0 (Isaiah 1:25)<\/p>\n<p>22 Your silver has become dross, Your wine mixed with water.\u00a0 (Isaiah 1:22)<\/p><\/blockquote>\n<p>Dross is a cheaper metal that is normally placed inside a covering of a  precious metal like silver.\u00a0 Governments began to do this thousands of  years ago when they had financial problems.\u00a0 Putting dross into silver  cheapens currency, just like putting water into wine dilutes the wine&#8217;s value.\u00a0 In modern times, government spending in excess of revenues and quantitative easing programs (QE1 and QE2, from the Fed Chairman) are a way to dilute the value of currencies.\u00a0 This is not the biblical solution to US economic problems.<\/p>\n<p>Now, the <em>real cause<\/em> of why all of this is happening is sin.\u00a0  Because of it&#8217;s increasing secularism, greed, and tolerance for sexual, abortive, and other sins, the USA is getting closer to reaping more what it has sown:<\/p>\n<blockquote><p>7 Do not be deceived, God is not mocked; for whatever a man sows, that he will also reap. 8 For he who sows to his flesh will of the flesh reap corruption, but he who sows to the Spirit will of the Spirit reap everlasting life. (Galatians 6:7-8)<\/p><\/blockquote>\n<p>One of the many cursings that were prophesied in the Bible to be reaped for disobedience was that of accumulation of debt:<\/p>\n<blockquote><p>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, because you did  not obey the voice of the LORD your God, to keep His commandments and  His statutes which He commanded you (Deuteronomy 28:42-45).<\/p><\/blockquote>\n<p>As the Anglo-American nations have not kept God&#8217;s commandments, they have become the greatest debtor nations of all time!<\/p>\n<blockquote>\n<div>\n<h2>WORLD FOREX: Bernanke Shoots Down QE3 Speculation, Lifting Dollar<\/h2>\n<\/div>\n<div>\n<div>Wall Street Journal\u00a0&#8211; \u200e22 June 2011<\/div>\n<\/div>\n<div>NEW  YORK (Dow Jones)&#8211;Federal Reserve Chairman Ben Bernanke Wednesday  quashed speculation about another round of stimulative bond purchases,  boosting the dollar.\u00a0 <a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20110622-713773.html\">http:\/\/online.wsj.com\/article\/BT-CO-20110622-713773.html<\/a><\/div>\n<div><\/div>\n<div>\n<h1>Bernanke Leaves Door Open to Further Easing<br \/>\n<strong>Bloomberg<\/strong><\/h1>\n<p>Federal Reserve Chairman Ben S. Bernanke left the door open to a fresh shot of monetary stimulus should the economic rebound he\u2019s predicting fail to materialize.<\/p>\n<p>The Fed would be \u201cprepared to take additional action, obviously, if conditions warranted,\u201d including the purchase of more Treasury securities, Bernanke said&#8230;<a href=\"http:\/\/www.bloomberg.com\/news\/2011-06-23\/bernanke-leaves-door-open-to-easing-if-economy-weakens-further.html\">http:\/\/www.bloomberg.com\/news\/2011-06-23\/bernanke-leaves-door-open-to-easing-if-economy-weakens-further.html<\/a><\/div>\n<\/blockquote>\n<p>Despite the Fed&#8217;s Chairman&#8217;s views, quantitative easing has been another way that the USA has been plundering nations.  It was producing currency without the production of goods to back it up.\u00a0 It still seems that there will be a QE3 or &#8220;stimulus&#8221; (or something similar but probably called something else) as inflating the money supply seems to be the approach that the US government has taken to attempt to &#8220;fix&#8221; the economy.\u00a0\u00a0 It is not that &#8220;quantitative easing&#8221;, etc. cannot have any temporary positive effects, it is that it does not get to the cause of the problem&#8211;which is sin that requires repentance.\u00a0 And repentance is not an option that many government leaders have seriously considered.<\/p>\n<p>At some point in time, the USA will likely start to experience massive inflation (which is something that the Fed Chairman should realize).  And afterwards, its creditors will rise up.<\/p>\n<p>The world is changing and the USA and its Anglo-descended allies are losing their financial dominance in the world.  And while there will be some temporary rises in the value of the US dollar for a while (and likely when there is more civil unrest in Europe), the trend for the US dollar and economy is clearly down.<\/p>\n<p>Quantitative easing will apparently help fulfill the prophecy in Habakkuk 2:3,6,7.\u00a0  Notice that God mentions that that destruction will happen to those that increased their  debt at the end time:<\/p>\n<blockquote><p>3 For the vision is yet for an <strong>appointed time;      But at the end<\/strong> it will speak, and it will not lie.      Though it tarries, wait for it; Because <strong>it will surely come<\/strong>,    It will not tarry\u20265    Indeed, because he transgresses by wine, He is  a  proud man\u2026     6 \u201cWill not all these take up a proverb against him,  And  a taunting  riddle against him, and say,      \u2018Woe to him who  increases       What is not his\u2013how long?     And to him who loads  himself with  many pledges\u2019? 7 <strong>Will not  your creditors rise up suddenly?<\/strong> Will they not awaken who  oppress you? <strong>And you will become their booty. <\/strong>8 Because you have plundered many nations, <strong>All the  remnant of the people shall plunder you <\/strong> (Habakkuk 2:3,5,6-8).<\/p><\/blockquote>\n<p>The above prophecy will be fulfilled at the  time of the end and  seems to be directed to one  or more nations like the USA. It  makes  little sense that it would be directed towards  the modern nation  of  Israel as it does not have enemy creditors. It  must be a nation or   group of nations with some prominence.<\/p>\n<p>Since the USA has the most  debt of any nation of all time, it seems  to be a leading (though not necessarily only) candidate to be included  in it.  Increasing deficits puts the USA in a dangerous position that  Bible prophecy indicates that it will not be able to recover from.<\/p>\n<p>Let\u2019s briefly look at another warning in Isaiah 30:12-13:<\/p>\n<blockquote><p>12 Therefore thus says the Holy One of Israel:<\/p>\n<p><strong>\u201cBecause you despise this word, And  trust in oppression  and perversity, And rely on them,  13 Therefore  this iniquity shall be  to you<\/strong> Like a breach ready to fall, A bulge in a  high wall, Whose breaking comes <strong>suddenly, in an instant<\/strong>.<\/p><\/blockquote>\n<p>Of course, more and more, the Anglo-American nations  are trusting in policies that  encourage perversity. Prostitution is  legal in New Zealand, Australia, and parts of the USA. New Zealand,  interestingly, has the highest promiscuity rate for women in the entire  world according to one study (New Zealand women most promiscuous    Sydney Morning Herald  AAP &#8211; Oct 13, 2007. <a title=\"http:\/\/www.smh.com.au\/articles\/2007\/10\/13\/1191696214489.html\" href=\"http:\/\/www.smh.com.au\/articles\/2007\/10\/13\/1191696214489.html\">http:\/\/www.smh.com.au\/articles\/2007\/10\/13\/1191696214489.html<\/a>).  The Anglo-nations have seen rises in homosexuality and are often  changing laws to accomodate this biblically prohibited practice.<\/p>\n<p>While there is oppression in these nations (especially   racial), the Hebrew word for it can also be translated \u201cunjust gain\u201d.    This can include not just the historical exploitation of of various   peoples, but can probably also include the fact that the economies of  the Anglo-American nations for  the past few decades has been benefiting  from the gains of foreigners  loaning money to it.<\/p>\n<p>Since the Roe vs. Wade pro-abortion decision, the USA  has became  the greatest debtor nation in the history of humankind.   Since the USA  owes alien nations trillions of dollars, it appears that  the curse in  Deuteronomy 28:44 of having to borrow from aliens is  happening to it  now.<\/p>\n<p>US President Barack Obama has repeatedly put forth economic  policies  that have and will increase that debt&#8211;even more than former President Bush.  Additionally, one of the first  actual changes that Barack Obama implemented was reversing one or more  executive orders that will likely lead  to more abortions (see <a title=\"Obama\u2019s Abortion Changes\" rel=\"bookmark\" href=\"\/news\/doctrine\/obamas-abortion-changes\/\">Obama\u2019s Abortion Changes<\/a>).  Yet, abortion is wrong (see <a href=\"\/abortion.htm\">Abortion, the Bible, and a  Woman\u2019s Right to Choose<\/a>) and a terrible national sin. And on March 9, 2009 President Obama lifted a ban on embryonic stem cell research (see <a title=\"COGaIC and LCG on Stem Cells\" rel=\"bookmark\" href=\"\/news\/cog-news\/cogaic-and-lcg-on-stem-cells\/\">LCG on Stem Cells<\/a>) another morally wrong sin.<\/p>\n<p>Without massive national repentance, the Bible is clear that complete   destruction of the economy, and even government, of the USA is  certain.\u00a0\u00a0 This is something that leaders, such as the Fed Chairman, need to know.<\/p>\n<p><em>Ben Bernanke and others may wish to consider studying the following prophetically-oriented articles:<\/em><\/p>\n<p><a href=\"\/britishisrael.htm\">Anglo \u2013 America   in Prophecy &amp; the  Lost Tribes of Israel<\/a> Are the Americans,   Canadians, British, 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?<br \/>\n<a href=\"\/usa-canada-uk-australia-new-zealand-divided.htm\">Will  the Anglo-Nations be Divided?<\/a> 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?<br \/>\n<a href=\"\/barack-obama-prophecy-antichrist.htm\">Prophecies  of Barack Obama?<\/a> Eight reasons why Barack Obama is apocalyptic and  eight reasons why   Barack Obama is not the Antichrist. This article  includes many biblical   and non-biblical prophecies, from around the  world, that seem to   discuss Barack Obama. Did  Nostradamus predict  Barack Obama dealing   with the Antichrist?  Might  Barack Obama set the  stage for the kings   of the North and South as at  least one Shiite  prophecy suggests?  This   is the longest and most complete article on  this page on Barack Obama   prophecies. Read it and decide for yourself if  President Obama seems  to  be fulfilling various prophecies.<br \/>\n<a title=\"Permanent Link to Barack Obama, Prophecy, and the  Destruction of the United States\" rel=\"bookmark\" href=\"\/news\/prophecy\/barack-obama-and-the-destruction-of-the-united-states\/\">Barack Obama, Prophecy, and the Destruction of the  United   States<\/a> Some claim that Barack Obama is the prophesied \u201cson  of Kenya\u201d, based up an early 20th century writing.<br \/>\n<a href=\"\/abortion.htm\">Abortion, the Bible, and a Woman&#8217;s Right to Choose<\/a> Is abortion sin?  What exactly are a woman&#8217;s reproductive rights?  Do you know what the Bible teaches on this?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ben Bernanke COGwriter The U.S. Federal Reserve Chairman apparently does not understand the USA economy according to an article in Forbes late today: Brutally honest, Bernanke admitted that he had no clue what was actually causing the current fragility in the U.S. economic recovery. Perhaps he should read the scriptures on blessings and cursings in [&hellip;]<\/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-7571","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/7571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/comments?post=7571"}],"version-history":[{"count":6,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/7571\/revisions"}],"predecessor-version":[{"id":7573,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/posts\/7571\/revisions\/7573"}],"wp:attachment":[{"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/media?parent=7571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/categories?post=7571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cogwriter.com\/news\/wp-json\/wp\/v2\/tags?post=7571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}