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\nBen Bernanke<\/p>\n
\nBen Bernanke<\/p>\n
COGwriter<\/a><\/p>\n The U.S. Federal Reserve Chairman spoke today and caused several reactions:<\/p>\n Replying to Ben Bernanke’s comments (and how the USA has handled itself), Russia’s Prime Minister Putin actually said:<\/p>\n They are behaving like hooligans, switching on the printing press and tossing them around the whole world, forgetting their main obligations.<\/strong><\/p><\/blockquote>\n So, the Russian leader does not agree that there should be another round of “quantitative easing” by the US Federal Reserve.\u00a0 And actually a few weeks ago, some at the Wall Street Journal <\/em> thought that Ben Bernanke had eliminated that as a possibility (see http:\/\/online.wsj.com\/article\/BT-CO-20110622-713773.html<\/a>).\u00a0 But I did not (see Bernanke Clueless on Economy, Bible is Not<\/a>).<\/p>\n The Russian Prime Minister is correct that what the USA is doing is wrong.<\/p>\n Inflating the money supply through currency debasing (QE1 and QE2) and debt (“stimulus” programs) is not something advocated in the Bible. Notice:<\/p>\n 4 Take away the dross from silver (Proverbs 25:4a).<\/p>\n 25 I will turn My hand against you, 22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)<\/p><\/blockquote>\n 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 and QE2, from the Fed Chairman) are a way to dilute the value of currencies. This is not the biblical solution to US economic problems.<\/p>\n Now, the real cause<\/em> of why all of this is happening is sin. Because of it’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 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 One of the many cursings that were prophesied in the Bible to be reaped for disobedience was that of accumulation of debt:<\/p>\n 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 As the Anglo-American nations have not kept God’s commandments, they have become the greatest debtor nations of all time.\u00a0 And while some do not count quantitative easing as “debt”, it is an improper “solution” to the USA’s economic woes.<\/p>\n But since Ben Bernanke will not advocate that the USA turn to God, he seems to think that diluting the currency is the best choice.<\/p>\n Interestingly, he also had a discussion with US Congressman, and presidential candidate, Ron Paul today.\u00a0 Now, while I am not saying that gold (or Ron Paul) is the answer, notice that the Fed Chairman got upset with one or more of his questions:<\/p>\n <\/span><\/p>\n <\/span><\/p>\n Rep. Ron Paul, Republican for Texas, asked Bernanke why a capital injection of more than $5 trillion \u201chasn\u2019t done much\u201d to help the consumer, who makes up about two-thirds of GDP in the U.S., and prop up the economy, while it helped boost corporate profits. \u201cYou could\u2019ve given $17,000 to each citizen,\u201d Ron Paul claimed.<\/span><\/p>\n Bernanke, clearly on the defensive, told Rep. Ron Paul that his institution hadn\u2019t spent a single dollar, rather, the Fed has been a \u201cprofit center\u201d according to the Chairman, returning profits to the federal government. As Bernanke began to sermon Rep. Paul on the history of the Fed (\u201cwe are here to provide liquidity [in abnormal situations],\u201d the Chairman said), he was interrupted.<\/span><\/p>\n \u201cWhen you wake up in the morning, do you think about the price of gold,\u201d<\/strong> Rep. Paul asked. After pausing for a second, Bernanke responded, clearly uncomfortable, that he paid much attention to the price of gold…asked Rep. Paul…\u201cIs gold money?\u201d…<\/span><\/p>\n Clearly bothered, Bernanke told the representative \u201cno, gold is not money, it\u2019s an asset. Treasuries are an asset, people hold them, but I don\u2019t think of them as money,\u201d said Bernanke.<\/span>http:\/\/blogs.forbes.com\/afontevecchia\/2011\/07\/13\/bernanke-fights-ron-paul-in-congress-golds-not-money\/<\/a><\/span><\/p><\/blockquote>\n Gold tends to stop the possibility of massive inflation as governments still have not figured out ways to massively produce it.\u00a0 Yet, they can do that to their paper\/electronic money.<\/p>\n 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 (Habakkuk 2:7).\u00a0 Speaking of inflation, notice another item of interesting fiscal note that happened:<\/p>\n By Jeff Mason<\/a> and Andy Sullivan<\/a><\/p>\n WASHINGTON | Wed Jul 13, 2011 7:39pm EDT<\/p>\n<\/div>\n (Reuters)\u00a0 Moody’s Investors Service jolted White House debt talks on Wednesday with a warning that the United States may lose its top credit rating in the coming weeks, piling pressure on Washington to lift its debt ceiling.\u00a0 http:\/\/www.reuters.com\/article\/2011\/07\/13\/us-usa-debt-idUSTRE7646S620110713<\/a><\/p><\/blockquote>\n IF Moody’s and certain other credit rating agencies lower the credit rating of the USA, this will increase interest rates which will then increase the debt of the USA and contribute to an inflationary spiral that ultimately will get out of control (even if it is sometimes tempered).<\/p>\n 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 Without massive national repentance, the Bible is clear that complete destruction of the economy, and even government, of the USA is certain. This is something that leaders, such as the Fed Chairman (and even Ron Paul), need to know.<\/p>\n Ben Bernanke and others may wish to consider studying the following prophetically-oriented articles:<\/em><\/p>\n Anglo \u2013 America in Prophecy & 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? Ben Bernanke COGwriter The U.S. Federal Reserve Chairman spoke today and caused several reactions: Dollar falls sharply after Bernanke; euro rallies http:\/\/www.reuters.com\/article\/2011\/07\/13\/us-markets-forex-idUSTRE74U02L20110713 Bernanke: Fed May Launch New Round of Stimulus http:\/\/www.cnbc.com\/id\/43739458 Putin Calls Bernanke A Hooligan, Angry At American Money Printing http:\/\/www.infowars.com\/vladimir-putin-calls-bernanke-a-hooligan-angry-at-american-money-printing\/ Replying to Ben Bernanke’s comments (and how the USA has handled itself), Russia’s […]<\/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-7779","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\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
Dollar falls sharply after Bernanke; euro rallies<\/strong><\/span><\/div>\n http:\/\/www.reuters.com\/article\/2011\/07\/13\/us-markets-forex-idUSTRE74U02L20110713<\/a><\/span><\/div>\nBernanke: Fed May Launch New Round of Stimulus<\/strong><\/span><\/div>\n http:\/\/www.cnbc.com\/id\/43739458<\/a><\/span><\/div>\nPutin Calls Bernanke A Hooligan, Angry At American Money Printing<\/span> <\/strong><\/div>\n http:\/\/www.infowars.com\/vladimir-putin-calls-bernanke-a-hooligan-angry-at-american-money-printing\/<\/a><\/span><\/div>\n<\/blockquote>\n
\nAnd thoroughly purge away your dross,
\nAnd take away all your alloy. (Isaiah 1:25)<\/p>\nBernanke Fights Ron Paul In Congress: \u2018Gold Isn\u2019t Money\u2019<\/span><\/strong><\/span><\/div>\nForbes<\/strong> – July 13, 2011…<\/div>\n\n
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\nIs Russia the King of the North?<\/a> Some claim it is. But what does the Bible teach?<\/p>\n","protected":false},"excerpt":{"rendered":"