Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Friday, February 17, 2012

Escapism vs. Reality - Where Do You Stand?


head-in-sand-410-200Recently an article came across my desk that really disturbed me.
To be honest I have tried to push it off multiple times, but it just kept haunting me. The fire in my bones will not let me leave it be.
In this article the author talks about moral decay, the economy, and even makes the statement that "Total and worldwide financial disaster is inevitable."
"Nature - The world can't take much more of this punishment."
"War - The hate cannot be held back any longer."
"Immorality – The restraining force on immorality has all but fled, mostly leaving us to our own self-destructive tendencies."
You know what? I agree with this, but what I cannot agree with is what is to come.
His solution, "The Hopeful Escape" and I guess it is with his lack luster do nothing attitude that caused the fires to burn in my bones.
Here is what the author said..
"Despite the soon break of the gathering storm, and despite the hopelessness about the future that it brings, believers in Christ can know that it is not our future. Our future plays out in the polar opposite. Instead of living in a world gone mad, we foresee a new home in Heaven. Instead of persecution by a crushing tyrant, we face a loving and benevolent King. Instead of living under wrath, we see living under love. And, where there is only hopelessness left on earth, there is hope, peace and joy awaiting us (Rev. 21-22).
The change on our horizon is bright, for the King of Kings is coming to take those who are saved up to live in Heaven with Him forever and ever."
What is troubling is that more and more ministries are taking on an attitude of  "Why should I worry about the evil in the world, I am going to be raptured away."
Folks, you all know that I stand on an imminent return, but it seems that so many who profess a Doctrine of Immanency have pushed it to the side and turned the rapture into a form of escapism instead of something that goads us into action.
We as students of bible prophecy KNOW what we are to expect. We KNOW that there will be hard times ahead, we KNOW that persecution takes place, we KNOW that tyrants abound and many have and will pay the ultimate price in standing for Christ.
I mean are we to expect a wonderful happy world one day and the next when the rapture takes place all of a sudden things are really bad?
ostrich-headThe laws of nature, God's law, dictates that things progress from good to bad and from bad to worse. That is because sin is prevalent in the world and is our sin nature. So prior to the tribulation it should be no surprise that things will get worse.
Where did this whole "escape" come from?
Scripture tells us …
Titus 2:11-14  For the grace of God that bringeth salvation hath appeared to all men,
12  Teaching us that, denying ungodliness and worldly lusts, we should live soberly, righteously, and godly, in this present world;
13  Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;
14  Who gave himself for us, that he might redeem us from all iniquity, and purify unto himself a peculiar people, zealous of good works.
I see "looking for the blessed hope" but where is our "zealous good works" for the kingdom?
Have we become a "peculiar people"?
In this God's Word is describing a people who make a difference to the point that they stand out in a crowd.
Problem is that we have become lax and now ministries are giving the people what they want, some 'what me worry" excuse and condoning the church to just sit around and do nothing.
Nowhere in scripture are we guaranteed some easy rosy life.
Christ Himself stated the following…
Luke 9:23-27  And he said to them all, If any man will come after me, let him deny himself, and take up his cross daily, and follow me.
24  For whosoever will save his life shall lose it: but whosoever will lose his life for my sake, the same shall save it.
More and more I am seeing sound ministries trying to sugar coat the real world and what is taking place in it.
Paul told us that perilous times shall come.
Well folks, I am here to say that they are right here, right now in 3D Technicolor staring us right in the face.
Tell me if the following things are not here…
2 Timothy 3:1-5  This know also, that in the last days perilous times shall come.
2  For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
3  Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,
4  Traitors, heady, highminded, lovers of pleasures more than lovers of God;
5  Having a form of godliness, but denying the power thereof: from such turn away.
Now let me say that I am more than ready for Christ to return, believe me. This world sickens me and I truly understand when the bible uses the word "vexed".
All that Paul wrote to Timothy in chapter 3 is right in our face and in some cases being shoved down our throats.
So yea, I am ready to go home.
But as I have said, I am deeply troubled by the whole "God is not going to let us go through the tough times" idea that is being perpetuated out there.
In fact this whole idea is anti-biblical.
Romans 8:36  As it is written, For thy sake we are killed all the day long; we are accounted as sheep for the slaughter.
Paul himself tells us as Christians we are sheep for the slaughter.
Peter, writing to the Christians who were being martyred he wrote the following…
1 Peter 1:6  Wherein ye greatly rejoice, though now for a season, if need be, ye are in heaviness through manifold temptations:
7  That the trial of your faith, being much more precious than of gold that perisheth, though it be tried with fire, might be found unto praise and honour and glory at the appearing of Jesus Christ:
8  Whom having not seen, ye love; in whom, though now ye see him not, yet believing, ye rejoice with joy unspeakable and full of glory:
9  Receiving the end of your faith, even the salvation of your souls.
Even today, we read of Pastor Yocef Nadarhani in Iran being the latest Christian who will most likely be martyred for his faith in Jesus Christ.
But here is the thing that really troubled me…
"The change on our horizon is bright, for the King of Kings is coming to take those who are saved up to live in Heaven with Him for ever and ever (Jn. 14:1-14; 1 Cor. 15:51-58; 1 Thes. 4:13-18). It will be an event called the Rapture, and it is coming sooner than we think. In fact, it could be argued that it has the potential to happen this very week due to the prophetic significance of the Feasts of Israel.
The Feast of Trumpets occurs on September 29-30, 2011. Will it herald the "last trumpet?" Only God knows for sure. The Rapture is an imminent event, and so we don't know the exact day or hour it will finally occur. I can only speculate that with the rise of major world events tied to the prophetic significance of the Feast of Trumpets, that this week is one I'm keeping a very close eye on."
fingers-in-earsFolks, I am not disregarding the rapture, no not at all. What bothers me is that instead of using this valuable time to make a difference and share the gospel; more and more ministries are adopting some Kumbayah, let's sit in the lotus position and contemplate our navels attitude.
It has gotten to the point where we think we are doing some great work for the Lord by just holding on the little scrape of battle ground, and maintaining the status quo. While all along we run around and pat each other on the back for such a great job we are doing in behalf of God.
Rubbish!
We are losing the battle while the majority of the church is sitting on their rears doing nothing and using the rapture as their excuse to do so.
What should we be doing?
Christ, speaking to Peter about the coming church stated..
Matthew 16:18  And I say also unto thee, That thou art Peter, and upon this rock I will build my church; and the gates of hell shall not prevail against it.
We as Christ's Church are called to charge the gates of hell, and they cannot prevail against us.
Instead what are we doing? We sit around and wait for the rapture to come like some limp noodle.
If we TRULY believe in the Doctrine of Immanency we would be out sharing the gospel with every creature as Christ commanded us to do.
If we TRULY believed in the doctrine of immanency  we would not waste a moment to make sure that we have spoken to our loved ones, our friends, our co-workers about their eternal souls that will burn in hell if they do not come to the saving grace of Jesus Christ.
We should be on our knees praying for all those people fervently, knowing that they will be eternally separated from God the Father as well as separated from us.
Friends, the torment, pain, suffering will be unimaginable and yet this is what we are allowing those we know be condemed to; all because we don't want to offend or call people sinners.
Christ Himself painted a small picture for us to give us just a glimpse into hell…
Luke 16:22  And it came to pass, that the beggar died, and was carried by the angels into Abraham's bosom: the rich man also died, and was buried;
23  And in hell he lift up his eyes, being in torments, and seeth Abraham afar off, and Lazarus in his bosom.
24  And he cried and said, Father Abraham, have mercy on me, and send Lazarus, that he may dip the tip of his finger in water, and cool my tongue; for I am tormented in this flame.
Do you want your friends, family, co-workers, heck even your worst enemy to face this and worse for all of eternity?
This is what they will face if we are not out sharing the gospel in some way.
The Doctrine of Immanency is what lights that fire under us. It instills in us the reason to live a holy and acceptable life unto Him knowing that He can return at a moment's notice and without warning.
But what is more troubling is the selling of false hope to the point where it is becoming common place.
Look at the statement that the author made.
" The Feast of Trumpets occurs on September 29-30, 2011. Will it herald the "last trumpet?" Only God knows for sure."
I remember years ago one would never breach this topic and throw out some speculative date. Yet it is becoming more and more common place today.
It seems that we have run from crystal ball to crystal ball. We forget that truly only the Father in Heaven knows.
What right do we have to toss out some date just because it is the feast of trumpets? To be honest it happens every year and every year Rosh Hashanah comes and goes.
It was funny while I was at a conference a well known bible prophecy teacher came down on this and in jest said that if he was God he would return the day after Rosh Hashanah.
He then asked how many Christians would be ready for that?
He stated "not many" and I agree with him.
Because we no longer respect or revere the Doctrine of Immanency, and because we no longer have respect for the Doctrine of Immanency we now make the rapture some elitist escape ideal instead of something to spur us on in charging the gates of hell, being the salt and light of the world.
To attest to this fact just look around you, apostasy runs rampant, more missionaries coming home than going out, hedonism, perversion and the list goes on.
Why?
Because we have not occupied till He returns.
I do not see the times of the Gentiles being fulfilled. In other words we have not fulfilled what we need to do as the church, that being to share the gospel.
Do you realize that millions upon millions of people do not have the knowledge of the saving grace of our Lord Jesus Christ?
The Joshua Project shows that 6,889 individual people groups or 2.83 billion unreached people who have no knowledge of God, the Bible or His Son Jesus Christ. (1)
To put that in perspective the world's population is currently estimated to be 6.97 billion by the United States Census Bureau as of July 1, 2011.
That means that 2.83 billion people or approximately 1/3 of the world who has no knowledge of the saving grace of our Lord Jesus Christ.
Let me remind you what Christ commanded…
Matthew 28:19  Go ye therefore, and teach all nations, baptizing them in the name of the Father, and of the Son, and of the Holy Ghost:
Mark 16:15  And he said unto them, Go ye into all the world, and preach the gospel to every creature.
Now when Christ said "nations" this is not referring to countries with boarders. He is speaking of people groups.
Do you know that 2,848 people groups in the world have neither Scripture portions (God's written word) or audio recordings (God's spoken word) available in their primary language?(1)
Scripture says…
Romans 10:17  So then faith cometh by hearing, and hearing by the word of God.
6889 people groups (nations) have no idea who Jesus Christ is.
How can they when they don't even have God's word in their own language?
They are not going to learn of God's blood atonement through the stars, the trees or some other all inclusive mumbo jumbo that is floating around out there either.
It is only by God's Word and His Word alone that illuminates the path of salvation. That is a fact because  God's Word states it as so.
So what does this boil down to? It means that not "all the world" has been evangelized for Christ and that we have not gone to "all nations."
road-to-hell-rayHal Lindsey stated at the Understanding the Times conference back in 2005  that "when the last gentile hears the gospel of our Lord Jesus Christ, well strap on your rocket packs because we are going home."
Well, to be honest, we have not fulfilled the time of the gentiles with approximately 1/3 of the earth having absolutely no knowledge of God, His Word or His Son.
Folks, God does not lie nor does he change His mind. He has given us the criteria that is needed. What has happened is that we have twisted and contorted His Word to fit our ideas of the way it should be. In other words, we have fallen  short.
We no longer occupy till He returns (Luke 19:13) nor are we ALWAYS ready to share the hope that is within us (1 Peter 3:15).
We are just sitting on our laurels waiting for the rapture to come along and sweep us away.
Folks, I know that this is rocking a lot of people's boats and I will probably lose readers over this, but we must look at God's Word and stop cherry picking what we want to believe in.
Hard times are coming, that is a fact.
Now we can sit around singing Kumbayah like the grasshopper did with the ants. OR we can start getting ready to weather these hard times so that we are better positioned to share the hope/Gospel that is within us.
Out of hard times the one thing that people are open to is hope, but how can we share the hope if we ourselves are standing in some soup kitchen line or begging on some street corner?
We have got to get away from this escapist idea and face up to the fact that we have made our beds and now we have the consequences to face.
We can wish and believe all we want, but God does not lie. He is not going to rapture out a church that has not finished its job.
Let me remind you also that He is not going to rapture us out just because the US is facing a time of hardship either. This is an elitist idea that some ministries are also gravitating to as well.
It is not our place to be throwing out dates, giving out false hopes, outlandish speculations or sugar coating the truth.
We are here to boldly proclaim the gospel and to let the world know that there are consequences in not accepting Christ as your personal savior. Those consequences are eternal damnation to Hell by a Just and Righteous God.
But the sad thing is that so many ministries out there are promoting this "happy happy joy joy" escapist attitude and so many more are buying into it.
Out of this, who will be the first to be blamed?
It sure won't be those ministries selling the candy coated ideas.
People will blame God because He was suppose to whisk them all away but He didn't and now they (the people who listened to the candy coated ministers) are feeling hardship in their lives.
I pray that people wake up while there is still time to do as Noah did and build an ark for their families.
The storm is coming, but like Noah and his family, we will have to weather the storm.
Now just to make it clear, In this I am not saying that we are in the tribulation. That is a whole different topic for an article at another time and besides we are all still here.
History repeats itself. Empires rise and empires fall, hard times come and go, there is a season for all things. Solomon clearly illustrated that.
So knowing that a season of hard times are coming. And knowing this you still have not built an ark for you and your family, let me ask, "how long can you tread water?"
But more importantly how effective for the Lord will you be when hardship takes place?
ray-gano

By Ray Gano



Endnotes

1 - http://www.joshuaproject.net/great-commission-statistics.php









Earthquakes / Hurricanes - What Will Hit in Your Area?


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Tuesday, December 27, 2011

The Effects of Another Middle East War

effects-mid-east-warFolks, today the news is teaming with information that makes it really appear that the Middle East is ramping up for war.
Can you imagine the effects of another Middle East war? Think about what will be effected globally.
In fact do you know we are still feeling the effects of the Six Day War?
The Six-Day War
(Hebrew: מלחמת ששת הימים, Milhemet Sheshet Ha Yamim - Arabic: حرب الأيام الستة, ħarb al ayyam as sitta ;), also known as the 1967 Arab-Israeli War, the Third Arab-Israeli War, Six Days' War, an Naksah (The Setback), or the June War, was fought between Israel and its Arab neighbours Egypt, Jordan, and Syria. Iraq, Saudi Arabia, Kuwait, and Algeria also contributed troops and arms to the Arab forces. In the months before June 1967, Egypt expelled the United Nations Emergency Force from the Sinai Peninsula, increased its military activity near the border, blockaded the Straits of Tiran to Israeli ships, and called for unified Arab action against Israel. In June 1967, Israel launched a pre-emptive attack on Egypt's airforce fearing an imminent invasion by Egypt. Jordan then attacked the Israeli cities of Jerusalem and Netanya., At the war's end, Israel had gained control of the Gaza Strip, the Sinai Peninsula, the West Bank, and the Golan Heights. The results of the war affect the geopolitics of the region to this day. (1)
The Yom Kippur War
Ramadan War or October War (Hebrew: מלחמת יום הכיפורים; transliterated: Milkhemet Yom HaKipurim or מלחמת יום כיפור, Milkhemet Yom Kipur; Arabic: حرب أكتوبر; transliterated: ħarb October or حرب تشرين, ħarb Tishrin), also known as the 1973 Arab-Israeli War and the Fourth Arab-Israeli War, was fought from October 6 to October 26, 1973, between Israel and a coalition of Arab states led by Egypt and Syria. The war began with a surprise joint attack by Egypt and Syria on the Jewish holiday of Yom Kippur. Egypt and Syria crossed the cease-fire lines in the Sinai and Golan Heights, respectively, which had been captured by Israel in 1967 during the Six-Day War.
The Egyptians and Syrians advanced during the first 24–48 hours, after which momentum began to swing in Israel's favor. By the second week of the war, the Syrians had been pushed entirely out of the Golan Heights. In the Sinai to the south, the Israelis struck at the "seam" between two invading Egyptian armies, crossed the Suez Canal (where the old ceasefire line had been), and cut off the Egyptian third army just as a United Nations cease-fire came into effect. (2)
If you remember back in the 1970’s the US as well as any other country that supported Israel, suffered the OPEC Oil Embargo. At the time, gas prices jumped, gas was then rationed and you could only fill up your car on “odd” or “even” days based upon your license plate number.
Here it the US, we went to a year round day light savings time pushing all of the clocks one hour a head.
US automakers were jumping through hoops to make a better more fuel efficient car. Oil companies and energy providers were searching out alternative fuel and energy sources.
The “Central Banks” (Aka Fed Reserve) decided to sharply cut interest rates to encourage growth, deciding that inflation was a secondary concern. This was a horrible decision because it whip lashed the economy into some of the largest interest rates ever. Remember the outrageous interest rates just for home loans?
Now reflect on the 2006 Lebanon War, what did we see from that? Are we still suffering the consequences of that war?
I know one thing is that gas prices skyrocketed and never came down.
Fast forward to today, we are now looking at $3.19 a gallon. That is pricing here in Texas, in other areas it is more. Do you really think that we will see these prices ever go down? I bet there are some of you saying right now as you read this, “Well it will go down to $2.50 - $2.75 a gallon again.” Do you realize what that is costing us?
Folks, I was paying .99 cents a gallon in 2000.
And all these Sunday Morning financial good ol boys say there is no inflation?
The snowball is going to start rolling down hill here very soon. With it will be the inflation of much of what we consume daily.
Why are you pointing all of these things out; and what does it have to do with Bible Prophecy?
Revelation 6:5-6 (KJV) And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
I have stated many times that the antichrist’s kingdom will not pop up over night. The foundations need to be laid and systems put in place.
I point out all of this because things are bad and will not be getting any better. We know this based upon God’s Word and the study of Bible Prophecy. Again, read Revelations 6.
Presented with the facts of today we can clearly see that the Middle East is preparing for war. Iran, Turkey, Egypt are really posturing. Just look at Iran's war games in the straits of Hormuz and what a "buzz" that is causing.
It is not a matter of “IF” but a matter of “WHEN”
I personally think that the “when” will be a lot sooner. Man’s nature is towards greed, power and sin. The islamofascists have their fingers on the trigger and they are doing all that they can to hold themselves back.
If Iran gets nukes, which most likely she will have very soon if she does not have already, it isn't Israel that Iran will hit.
Iran is going to bomb Saudi Arabia.
I mean think about this for a moment. First of all, nowhere in scripture do we see Iran nuking Israel or any middle east country for that fact.
Do you know that Iran and much of the Middle East hates Saudi Arabia more than they hate Israel?
This is a hard fact and this is one reason why the US is sending arms and equipment to Saudi Arabia.
This is also why Saudi Arabia has been seeking Israel's help through back channel meetings.
Saudi Arabia is scared to death that Iran is going to wipe them off the face of the earth.
And Iran is more than willing to do it too, all in the name of bringing forth the Maudi, Islam's Messiah. The same person who I believe will be the Antichrist.
Let's look at this for a moment.
Iran has three sworn enemies.
  • Israel
  • America
  • Saudi Arabia
They hate Israel because their Koran tells them to do this.
They hate America because we side with Israel and they see us as Christians. The Koran also tells them to war with Christians, kill us, enslave us, persecute us.
But they also hate Saudi Arabia because of all the debauchery and shame the Saudi famiily has brought upon Islam.
It is in Saudi Arabia where Mecca and Medina are located and according to much of the Middle East, Islam's holiest places need to be freed from the sin and shame Saudi Arabia has presented all these years.
Now here is the key point I want to make.
Iran and much of the Middle East knows that if they take out Saudi Arabia, the US will fall as well.
By taking out Saudi Arabia, they are getting what I a call a "two-fer" deal. They are taking out the scorge of the Middle East and the Great Satan all with one blow.
About 25% of the US's oil comes from Saudi Arabia. That is why she is so critical to our security.
If Saudi Arabia falls, we will fall as well.
Think gas prices are bad now, imagine if 25% of our oil supply was taken out. It would literally bring this nation to a standstill and throw this nation into major chaos.
But there is more.
Enter The 2012 National Defense Authorization Act (NDAA)
We as bible believing Christians are in the minority. Problems are coming down the road and yes, we as Christians will be the ones blamed for all the worlds’ woes too.
It is already taking place and what is horrifying is the recent passing of the ‘Indefinite Detention’ Bill (NDAA), it has opened up the military detaining US Citizens with our or the procedures given to us by the constitution.
Simply put, the doors of the Gulag are now open thanks to both Republicans, Democrats and our illustrious President. So please do not feed me garbage on how much Republicans love this country when many of them voted to create these prison camps.
Sure this has been put in place for "Domestic terrorists" but clearly the Dept of Homeland Security views conservative bible believing Christians who also stand on bible prophecy as potential domestic terrorists. Add former military vets, preppers/survivalists, and those who believe and stand upon the constitution.
People and nations are becoming more tolerant towards Islam, new age, paganism and eastern practices. They are also becoming adamantly against Christianity. In fact they hate us just for who we are and who we serve. This in and of itself is bible prophecy coming to pass.
Very soon another Middle East war will take place. It will grind our nation as well as much of the west to a halt. Odds are that Christians will be blamed for all of this.
Now in the middle of all this chaos, the great thing is that we as Christians will have a chance to share the gospel. People will still turn to God in times of trouble no matter what.
How many people will see the truth in God’s Word and then come to the saving grace of His salvation?
Here is the key question.
How many of us are prepared and positioned to share the gospel in a time such as that?
A Middle East war involving Syria, Iran, Turkey and Saudi Arabia will have global ramifications in many sectors. Trade and commerce will come to a drastic slow down due to cause and effect of such an event.
Can you fully realize the global cause and effects that comes into play if the Middle East goes to war with Saudi Arabia?
Even if the destruction of Damascus takes place as many think, Iran is still going to take out Saudi Arabia because with one strike Iran can do away with her enemies, Israel, the US and Saudia Arabia, thus freeing Islam's holiest areas Mecca & Medina.
I ask again, how many of us are prepared and positioned to share the gospel in events such as this?
But here is a question more horrifying…
How many out there still have their head buried in the sand and are not positioned to survive the coming storm?
More to come soon…

ray-gano

By Ray Gano

Endnotes
2 - http://en.wikipedia.org/wi

Friday, September 23, 2011

Silver Going Down

By Ray  Gano

Hey folks, for those of you who have missed some opportunity to buy silver due to the "high" price. You might want to start keeping your eyes peeled.

Currently the world markets are terrified of the Euro and the very likely demise of the EU.

Markets, like people, have a hard time breaking habits.

The habit that I am talking about is when bad things happen, run to the dollar.

That is what we are seeing right now. The global markets are very concerned over the state of the Euro that they are jumping ship. The place they always tend to gravitate to is the US Dollar.

Now this is good news for those who like silver.

The way the markets usually go is that when the dollar goes up, precious metals go down. That is what we are seeing right now.

I thought that this would begin to take place around August time frame, but I believe that we are beginning to see it now form.

In the last 48 hours silver has dropped from the $40+ range to it's current price of $32.98. This is a pretty big drop and one I hope will continue.

Now those of you who may have purchased silver in the $30-$40 range, do not worry, the price of silver will jump back to that and then rocket past.

What we are seeing is just a short term dip, but if this dip holds, one may be able to take advantage of it.

So now is the time to start keeping a keen eye on the silver price and if you have money to purchase, now is the time where you might want to do that.

I do not think that the prices will last though.

Why?

When the markets realize that the US Dollar is just as bad as the Euro, then the herd will run to the next "safe haven" that being gold and silver. When that does take place, gold and silver will go through the roof.

Many peopl ask me who to purchase from. I always recommend APMEX (American Precious Metals Exchange) You can find them at www.apmex.com. Their prices are the best, their markup very low and their customer service is great.

My hope is that silver will dip to the $22.00 price and when it does, hold a garage sale, do anything you can to free up some $$$ and purchase. I don't think this opportunity will last, that is if it does go that low. US dollar Index is sitting at 78.20. Which is up from the low 70's a few months ago. This is another indicator that people are running to the dollar for safety.

ALSO - here is a great video by Robert Kiyosaki on why purchase silver.

WATCH NOW >> http://youtu.be/FOKn7tiUMyc

FINALLY (leagal stuff) - Please remember that I (Ray Gano/Prophezine/survival4christians) is not an investment adviser and you should never make investment decisions based on anything we say.

Keep your eye on silver - that is what I am doing.

Tuesday, April 26, 2011

US Dollar Decline

On April 18 Standard & Poor Ratings Services downgraded the US long term as well as short term sovereign debt from "Stable" to "negative."

Those at the S&P are sending a message to the administration to clean up the fiscal mess or they will downgrade US sovereign debt even more.

The effects of this downgrade are quiet visible this morning in the news we are reading these days.

Basically stated, America's financial empire is on it's last leg.

There are several indicators that I keep an eye on to tell me when things are "volatile" and to prepare for "Bank Day" or a Bank Holiday. One of those is the US Dollar Index which is currently sitting at 74.01.

dollar-index-04-25-11

As you can see the dollar has been declining very steadily now since the beginning of the new year in Jan 11.

If it goes below 70 and holds, there is a very good chance that it will not recover.

The dollar index gives us an idea of the "strength" of our currency.

I am one who looks at historical trends. As you can see by this chart the dollar has been slipping steadily now 1-2 points per month.

If the trends hold, we can be looking at a dollar index of approx 68 by Oct 2011.

What does this all mean?

Historically two of the darkest moments on Wall Street took place in Oct.

Black Monday, 28 October 1929 – a day in the Wall Street Crash of 1929, which also saw major stock market upheaval.

Black Monday, 19 October 1987 – the largest one-day percentage decline in recorded stock market history.

Other countries that have fallen to a financial demise have also taken place in Dec. The one that sticks out in my mind the most is Argentina who fell to hyperinflation in Dec of 2001. Which, they are still suffering in a hyperinflated economy with an indigent rate of 25%(unable to earn enough to literally feed themselves) and some of the highest crime rates in the world.

Just over the weekend Silver rose 8% where it opened this morning at $48.63. In 1980 the actual London high was $49.45 and here in the US it hit $50.00.

I believe that there is a very good chance we will see silver go beyond the $50.00 mark before the beginning of summer vacation.

Now a couple of things could happen because of this. People will sell their silver and the prices will drop, or people will purchase silver thinking it will go even higher, thus driving the price up even more.

doomed-dollarI believe we will see a mix of both with the second option being the outcome. I say this because in the 1980s the US Dollar was not in trouble to the point of defaulting like it is today. So silver and gold will continue to climb up and will do so until the dollar is stabilized. But for that to happen the US will have to default on her loans which means a whole other set of events will then take place before there is any stabilization. But needless to say, I believe silver will continue to rise through all of this.

So why am I writing this?

To give you an early warning that I believe that the roller coaster is getting ready to speed up eventually bringing about a bank holiday aka BANK DAY.

When the bank holiday or BANK DAY hits, chaos will ensue. This is a historical fact. If you have not stored up AT A MINIMUM of 30 days worth of supplies, now is the time to do it and do it fast. If anything you are building a "hedge" against food inflation. In other words, buy now while prices are still low.

I would also advise having some extra cash on hand. The banks will be closed, ATMs, Credit /Debit cards will not work and odds are people will not take checks. Cash will be king, but you will need a lot of it to purchase items because hyperinflation will begin to ensue.

We are already seeing prices for food literally go up weekly. Right now it is only by fractions of a cent to a full cent. In the weeks to come we will see this jump from going up cents, to going up in dollars.

This is the beginning stages of hyperinflation and when hyperinflation takes hold, the dollar will lose value literally over night.

You will see major activity take place on Wall Street. Trading will be stopped multiple times per day to slow the trading. Eventually this will spill over to main street and this is when the chaos will begin and the store shelves will go empty.

People will lose faith in the US Dollar and will try to buy anything and everything knowing that the dollar is going belly up.

This is when we will see people's savings go up in flames. Yes the "money" will still be there, but to buy anything, you will need more of it.

An example is looking at gas prices today vs. three months ago. Three months ago $30.00 would fill your tank. Today due to rising gas prices that same $30.00 will only put in about a quarter to one third a tank. Today's average cost to fill the tank is about $50 - $75.

It takes more dollars to fill the tank, in other words your dollar is losing buying power due to inflation.

This is what will happen to people's savings accounts, thier buying power will be eroded away. That is unless they put the money in some other form to preserve their wealth like silver, gold, jewlery, or some other form of tangible asset.

The rubber is meeting the road and we are running out of time. People have the choice to be part of the fray or not. They do this by preparing for this coming storm now while one still has time and the dollar still will buy a decent amount of goods.

Because when BANK DAY takes place, chaos will ensue and "herd" mentality will take hold. The best place to be is home and not part of "the herd" knowing that you prepared your ark for the storm that is eventually going to hit.

ray-gano

By Ray Gano

Sunday, April 24, 2011

The Coming Storm - How Did We Get Here

coming-stormHow many of you listen to talk radio? I was in the car listening to the local DJ and something, peaked my interest. What caught my attention was the topic; they were talking about dealing with finance, oil, the future, ect.
There really was not much else on and I had a good hour drive. Needless to say, I was disappointed.
It was an hour of the typical corporate financial spiel. The sad thing is that someone who was listening and did NOT know how the corporate financial world worked, they would have been really impressed.  The guest on the show had all the titles, letters behind their name and “years of experience.”
Needless to say I wasn’t impressed. In fact I was kind of upset. The guest was selling the audience down the proverbial river.
So what was the guest selling? The typical mantra of get out of debt, invest for the long term, and diversify, diversify, diversify.”
Warren Buffett, one of the world's greatest investors, said, "Diversification is a protection against ignorance. It makes very little sense for those who know what they are doing."
The corporate financial mantra is for those who don’t know what they are doing. People have allowed the fox to guard the hen house and did not even realize it. Look at today and what is taking place. Feds tell us there isn’t any inflation and yet gas costs $3.50, milk is $4.25, in fact there are probably a lot of things that you notice that have gone way up in price, especially food.
But they tell us that there is no inflation.
We were “forced” as tax payers to accept a 700 Billion bailout, then QE1 with trillions and QE2 with yet more trillions. Who is going to carry that burden? Nope, not us, but our kids and grand kids. The taxpayers of the future.
But worse, look at the corporate pirates walking away from it all with golden parachutes.
dollar-declineAccording to recent press reports, a number of Wall Street senior executives were highly compensated before their companies began failing including Bear Stearns CEO, ($35 million), Lehman Brothers CEO ($40 million) and AIG's CEO ($47 million).
Sure Congress and Senate talked about stopping these corporate barons, but it was a little too late. They have already taken their pounds of flesh and are waiting for more from QE3 that is coming soon.
Think about this for a moment. All these companies have also gone bankrupt or were bailed out behind closed doors. All these financial companies should have died and been buried. But they weren't.
Question - All these smart guys who run all these finance places, well their companies are bankrupt. They "ran their ships aground." If they bankrupt their companies and much of the financial downfall we are already experiencing today is due to them….
Why are we still taking our money to them so that they have stewardship over it?
How many people lost everything because of these "smart financial guys"?
Why do we have 401Ks, IRAs, even savings accounts when all these "smart financial guys" who could not manage their own companies?
These financial guys are out and out crooks and we still take our money to them like moths drawn to the fire.
WHY?
Is this a surprise?
No it isn’t. Man left to his sin nature and without Christ in his life is doing what comes natural.
We are drawn to the ways of Mammon. It is natural, it is who we are. It is also due to not understanding what God's Word says and being trained to be followers of Mammon.
But Ray - How am I trained to follow Mammon?
It is hammered into your heads almost from the day we are born.
Go to school, graduate from college, get a good job, work all your life and save..save..save.
Let me prove it to you and have you take a test.
We have been trained and not even know it.
Just for fun finish the sentence…. "A Winston Tastes Good Like a _________________."
Now, if you were born after 1970, odds are you can't answer that.
If that is the case, go to You Tube and type in Fred Flintstone and Winston. You will be amazed.
With that example let's take a little test.
Fill in the blanks…
1 - Go to school, get good grades, and get a _ _ _.
2 - Work _ _ _ _.
3 - Save _ _ _ _ _.
4 - Buy a house because your house is an _ _ _ _ _ .
5 - Invest for the _ _ _ _ term in a well-_ _ _ _ _ _ _ _ _ _ _ _ portfolio of _ _ _ _ _, bonds, and _ _ _ _ _ _ funds.
Odds are you made a 100% or came close right?
evilfedchairWe have been trained to serve Mammon by getting a job, working hard, saving money, our house is an asset and investing in the long term in a well diversified portfolio of stocks, bonds and mutual funds.
Many people consider the above a solid financial education. It isn't, it is financial training, training in the ways of Mammon.
The coming financial storm that I have been preaching about for the past 5-6 years is not one of chance. It has been created… on purpose.
See, being  a student of bible prophecy I have the privilege in knowing what God’s word says.  Knowing that the Bible is the sovereign Word of God, the Bible tells me where the future is going, and it is not going where all the so called financial experts say it is going.
A History Lesson and The Road Ahead
As some of you may know I do not have much faith in the US economy maintaining strong stability. Watch the news today for 5 minutes and you can see we are in a heap of trouble.
In fact being a student of Bible Prophecy I do not have any faith in any economy maintaining stability in these last days at all because God’s Word says that it won’t.
For some of you, you may remember the 1970’s. A lot of very interesting things took place in the 1970’s that are now effecting the US and the world.
In the 1970s OPEC and the US created the Petrol Dollar. What this did was provide the US a virtual monopoly. Having oil being traded in dollars allowed the US to run huge account deficits. Countries needed oil, thus they had to have US dollars on hand so that they could purchase oil. What happened is that the US dollar became the standard and global currency reserve. In having the US dollar as the global standard currency reserve the US could spend without the fear of crippling interest rate hikes. And spent we have, to the point of self destruction and the creation of a fiat currency.
Fiat Currency
In economics, fiat currency or fiat money is money whose purchasing power derives from a declaratory fiat of the government issuing it. It is often associated with paper money unbacked by fixed assets, issued without the promise of redemption in some other form, and accepted by tradition or social convention. Fiat money is called fiduciary money in many languages.
The widespread acceptance of a fiat currency is enhanced by a central authority mandating its acceptance under penalty of law and demanding it in payment of taxes or tribute. Fiat money can be contrasted with alternative forms of currency such as commodity money and private currency.
Most currencies in the world have been fiat money since the end of the international gold standard of the Bretton Woods system in 1971. However, some of the major currencies today, despite being based essentially on arbitrary decree, have become so trusted that they are termed hard currency. (2)
Thomas Jefferson is attributed for stating the following:
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
We know that in history Jefferson fought and warned us about the creation of The Federal Reserve or any private bank which would control the United States’ money.  Jefferson was well aware of this because in his day the international bankers were trying to establish a central bank or Federal Reserve.
Here is how Blakes Dictionary of Law defines “Fiat”
“A command or order to act.  Arbitrary or authoritative order or decision.”  “Fiat money” is likewise defined as, “inconvertible paper money made legal tender by a government decree.”  Inconvertible to, for example, gold or silver.  Made legal only by government decree.  “Colored money”, i.e. money with the “deceptive appearance, assumed exterior, concealing a lack of reality.”   (3)
The money that we use today is called Federal Reserve Notes and they are colored money. If you do not believe me, whip out a $20.00 and look for your self. In fact look at the really new money that is now out there, it is a lot less green than days gone by. They also have no value, except by virtue of a government decree.
Here is another interesting point. All fiat currencies eventually go belly up and with them the countries that produce them.
But quickly back to OPEC and the Petrol Dollar.
Bill O’Grady of A.G.Edwards stated the following:
"If OPEC decided they didn’t want dollars anymore, it would be the end of American hegemony by signaling the end to the dollar as the sole reserve currency." (4)
So why do we need to know all this history?
In 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why.
Before 1971, the U.S. dollar was backed by gold and silver, which is why the U.S. dollar was also known as a silver certificate. After 1971, the U.S. dollar became a Federal Reserve Note, basically an IOU from the U.S. government. Needless to say, the US has a so many IOU’s out there, the reality of paying them back are next to impossible. The U.S. is the largest debtor nation now in history.
We need to understand this because history repeats itself.
After World War I, Germany's monetary system collapsed. While there were many reasons for this, one major reason was that the German government was allowed to print money at will, like we are doing currently. The flood of money that resulted caused uncontrolled inflation, which is starting taking place right now. If you don’t believe me, when was the last time you bought gas? There were more marks like there are dollars right now, but they bought less and less. In 1913, a pair of shoes cost 13 marks. By 1923, that same pair of shoes was 32 trillion marks!
As inflation increased, the savings of the middle class was wiped out. With their savings gone, the middle class demanded new leadership. Adolf Hitler was elected Chancellor of Germany in 1933 and, as we know, World War II and the murder of millions of Jews followed.
Do you see where it is we are going here? Adolf Hitler was the precursor of whom?.
That was the first part of our history lesson, continuing to our second part of our history lesson.
In the 1970’s there was a law created that when it came out, it was touted as a great law, a law for the people. The law was called “ERISA” or known as the “Employee Retirement Income Security Act. This is the law that gave birth to the 401(k). One of the reasons ERISA is significant is because it forced millions of employees to become investors, investors without any financial training or education. This is why the financial expert’s advice is “Work hard, save money, get out of debt, invest for the long term, and diversify, diversify, diversify.”
Warren Buffet made a great statement that kind of sums this up..
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those that take the subway”
Many people know that the Baby Boomer generation is the largest generation in history. Many of our companies made millions from the baby boomer wave. When the baby boomers had kids, Gerber made millions. When the baby boomer kids got older Matel, Hasbro, etc made millions. The baby boomer’s lived life at a fast pace, thus was born McDonalds, Burger King, etc. I point these things out because the baby boomers are a generation to be considered.
When the baby boomers bought, companies made millions.
Baby Boomers have money they have saved for retirement via their 401(k), IRAs, ect.
Between 1995 and 2005 the millions of people who followed the “Work hard, save money, get out of debt, invest for the long term, and diversify, diversify, diversify.” advice lost an estimated $7-9 trillion. And much worse than losing $7-9 trillion, the people who followed that advice missed out on what the Economist and other magazines called the biggest financial boom in history. So not only did those investors lose money from the 2000-2003 stock market crash, they failed to make a lot of money in the financial boom in real estate and commodities. That is the price of bad advice and even worse not having the knowledge to know better and the education.
stock-down-arrowBut back to ERISA…
ERISA has a major flaw that many people do not look at or even know of. ERISA has a mandatory withdrawal mechanism at age seventy and a half. At that age you MUST start withdrawing your money from the 401(k)s, IRAs, etc. That means millions of baby boomers will be forced to systematically withdraw from their 401(k), IRAs, ect.
Where is all this money invested? It is in the stock market.
As I stated before, when the baby boomers BOUGHT, companies made millions.
In 2006 the first baby boomers turned 60.
What will happen when the baby boomers start to sell?
In 2016 it is estimated that there will be 2,282,887 baby boomers that are turning seventy. They all must start selling and pulling their money out of the stock market.
In 2017 it jumps to 2,928,818 more people. That is about 700,000 more people than the year before that will start selling and pulling their money out of the stock market too. (1)
That is 5,211,705 people together. That many people will affect the economy and more are added each year for approximately 20 years. We did not count the immigrants either in the mix. (1
All in all, that is a lot of stock being sold, or at least trying to be sold.
What happens when millions of people start selling millions of shares of stock?
The prices start to drop and fast.
The laws of supply and demand will come into effect, and the odds of major panic just increased enormously.
So why is there a mandatory withdrawal? Why not just change the laws?  All that money that was put in was put there tax free. Uncle Sam now wants his due…the taxes. This is another reason why the huge spending, the fiat currency, etc. This is also why we will probably never see the death tax go away any time soon either.
So once the 700 Billion dollar bailout passes, are our troubles over? QE1 came and went, trouble over? QE2 came also?
No… far from it, we still have the ERISA issue to come to full term and no one is even talking about that can of worms.
We think things are bad now
Credit Crisis, Mortgage Crisis, Energy Crisis, and hey while we are talking doom and gloom lets throw in terrorism, avian flu, dirty bombs ect.
But something  is going to start effecting us in the weeks ahead. It is the weapon that has been used over and over again by the king pins of Mammon in days gone by.
Scripture even tells us but it seems we have not been listening.
Rev 6:5  And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
Rev 6:6  And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
The US as well as the world is not sitting in a nice place.
The world is looking for an answer.  But man in his ways never learns.
Scripture says…
Ecc 1:9  The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.
thrive-vertical-bannerMan continues to repeat himself and his history.
The next decade will be a decade of chaos. This will be the fourth time this nation has gone through something like this.
I know that there are those of you right now saying " Well God is not going to allow us to suffer, He will rapture us out."
Folks I expect to be caught up in the clouds when the Rapture when it occurs.
But what many people forget is that none of us knows just how bad things will get before the Rapture occurs, do we?
I do not think it wise to test the Lord, by throwing caution to the wind and simply saying, “The Lord will provide.”
Yes, He will provide, but He expects us to learn from the ant and do what we can to provide for ourselves.

Prov 6:6  Go to the ant, thou sluggard; consider her ways, and be wise:

Scripture also tells us..

1Tim 5:8  But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.
To not take steps to keep your family safe when we still have the chance if fool hearty and at worse, makes us the infidel.
Christ commanded us to "occupy till He returns." Not bury our heads in the sand.
We still have a short amount of time.
This is why I am writing a series over the coming months.
We are living on the razor's edge and scripture is literally unfolding right before our eyes.
ray-gano-dir

By Ray Gano



Endnotes

1- Adapted from Robert Kiyosaki’s book “Rich Dad’s Prophecy”
2 - http://en.wikipedia.org/wiki/Fiat_currency
3 - Black’s Law Dictionary [Sixth Edition, 1991]
4 - http://www.nctimes.com/articles/2006/05/06/news/nation/11_13_325_5_06.txt

Wednesday, September 15, 2010

One World Currency - Step By Step

By Ray Gano
Last week I wrote an article titled " USPS Now Converting US Dollars To Global SDRs."  Needless to say I have been generating a lot of questions out there. The primary one is "Will there be a one world currency?"
My answer, not only is there going to be a one world currency, it is already here and in the works.
As I showed in my previous article the US Post Office is already trading in what is called SDRs, or Special Drawing Rights. SDRs are becoming the defacto Global Currency Reserve.
But this is not the final solution.
We as Students of bible prophecy know and understand that the Antichrist will create a one world currency that will envelope legal, political, religious and social aspects.
I am one that believes that things do not take place over night. Man needs time to adjust and adapt to change. Otherwise chaos ensues and "the herd" is dispersed.
Background on The Enemy
You and I know the enemy. His name is Lucifer AKA Heylel Ben-Shachar
In the Bible, the Hebraic text in Isaiah 14:2 refers to Helel Ben Shachar or Heylel Ben-Shachar (היללבן שחר). Helel Ben-Schachar is translated into English as “O shining star, son of the dawn!" The name Lucifer is a translation of Helel Ben-Shachar into Latin by St. Jerome in the fourth century. Lucifer derives from two Latin words, lux (light) and fero (to bear–to bring), meaning light-bearer, light-bringer. The Bible identifies Lucifer as Devil, Satan, serpent, dragon, dweller of hell and other names. (1)
Knowing that the enemy is driven by pride and ego, he always shows his hand in a secret way announcing his intentions.
The enemies move to shift the world from multiple currencies to that of a single global one world currency was recently announced. And like many of the announcements of the enemy, it went unnoticed by many.
 Back in April of this year (2010) a paper was released by the Strategy, Policy and Review Department of the IMF (International Monetary Fund) titled  “Reserve Accumulation and International Monetary Stability”
In this document the IMF recommends that the world adopts a global currency called the "Bancor." But that is not all, what is also proposed is a single global central bank be created to administer the currency.
Folks, this is not conspiracy talk, black helicopters, or little green men.  The IMF, through this document is telling the world of its intentions of running the world's economy. Let me say very clearly, what the IMF wants, the IMF will eventually get.
The Bancor is coming… step by step.
 
 About The Bancor
The following is what Wikipedia states about the Bancor.
The Bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented.[2]There are some suggestions from the IMF of the possibility of its use in future.[3][4]
It was to be initially fixed in terms of 30 commodities, of which one would be gold. It would stabilize the average prices of commodities, and with them the international medium of exchange and a store of value.
In practice, until the collapse of the Bretton Woods system in 1971, gold itself filled this role, with the U.S. dollar fixed to gold and many other currencies fixed to either the U.S. dollar or directly to gold.
There have been variations on the model of the Bancor recently, such as having a currency unit for regional trade organizations such as the North American Free Trade Agreement (NAFTA), ASEAN (Association of Southeast Asian Nations), etc. In this model the commodities that would be placed into the pool would be limited to a fixed number of the currencies of the partner nations, and this would be done on an annual basis with agreement on prerequisites for withdrawal.
Step By Step - The SDR
As I have said, I do not believe in things happening overnight. To numb the senses of the masses, steps towards the final goal need to be taken. You can move a herd of cattle to the slaughter house very easily as long as it is done slowly and methodically otherwise the cattle go every time.
The same goes for people.
We have been moving towards a single global currency for some time now and a major step in that direction was when the SDR or Special Drawing Rights was established. But it was just a step in the direction that the IMF wants the world to go.
In the IMF document “Reserve Accumulation and International Monetary Stability” the report does say that  SDRs will become the "principal reserve asset" as the world moves towards a single currency.
The report states:
“As a complement to a multi-polar system, or even—more ambitiously—its logical end point, a greater role could be considered for the SDR.”
But  the report also states that SDRs have some serious limitations. What is that limitation? Well currently the SDR is tied to national currencies So with SDRs being tied to national currencies, when said currencies go up, the SDR goes up. When said currencies go down, like what is taking place today, the SDR goes down.
Here is the breakdown of the "basket" of currencies that the SDR is tied too:
*U.S. Dollar (44 percent)
*Euro (34 percent)
*Yen (11 percent)
*Pound (11 percent)
As we all know the dollar is not doing too well and in fact the trust of the people is starting to wain against the dollar. This effects the value of the SDR and the IMF does not like that.
So the IMF needs to move away from the U.S. dollar as the world reserve currency and urges the adoption of a currency unit that would be truly international.
But that is not the only reason. The fact is that SDRs are a pain in the rear to use. To obtain SDRs, people need to purchase them in their own currency, then use them, then the person who received the SDRs need to convert them into their own currency.
It is this trading, converting, back and forth that really limits their usefulness according to the IMF report….
“A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries.”
So what is the answer?
Well, as stated by the IMF report, they believe that the adoption of a true single global currency administered by a central global bank is the answer.
Enter the Bancor
In reading the IMF report the IMF thinks that it would be a great idea that the Bancor be introduced as a stable global currency throughout the entire world.
Like the adoption of the Euro, the Bancor would be accepted everywhere along with that countries own currency. People would naturally gravitate to a stronger more stable currency over that of their own currency.
I have to say that if I was offered a means to protect my assets with a stable method of exchange, AKA currency, I know that I would purchase it. I do not have faith in our dollar. The current as well as past administrations have incurred debt that is impossible to pay off. That is a fact.
Knowing this, eventually the US will default on loans. In the day of digital money that we live in the dollar will go down the tubes in a matter of hours. There will not be enough time to pull money from the bank, inflation will instantly kick in and in a matter of days there will be a national financial emergency. The president will declare a bank holiday and close all the banking institutions.  Chaos will erupt and millions of middle class people will see their life savings wiped out.
That is unless people have thought ahead and maintained their wealth in a solid method of exchange (currency) or better yet a method of wealth (gold, silver, tangible assets)
But I am digressing here.
The IMF thinks it would be a solution to the world's problem if one single currency would be put in place. The IMF report clearly calls out the need for the Bancor to ride along side of nation's currencies.
 “One option is for Bancor to be adopted by fiat as a common currency (like the euro was), an approach that would result immediately in widespread use and eliminate exchange rate volatility among adopters (comparable, for instance, to Cooper 1984, 2006 and the Economist, 1988). A somewhat less ambitious (and more realistic) option would be for Bancor to circulate alongside national currencies, though it would need to be adopted by fiat by at least some (not necessarily systemic) countries in order for an exchange market to develop.”
AND what will naturally be needed is a global central bank to administer this new one world currency.  This central bank is something like the current Federal Reserve today. But what is very troublesome is that it will be completely outside the control of any particular national government….
“A global currency, Bancor, issued by a global central bank (see Supplement 1, section V) would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy. As trade and finance continue to grow rapidly and global integration increases, the importance of this broader perspective is expected to continue growing.”
In fact, the IMF report makes no bones about it and compares this coming global central bank to the Federal Reserve….
“The global central bank could serve as a lender of last resort, providing needed systemic liquidity in the event of adverse shocks and more automatically than at present. Such liquidity was provided in the most recent crisis mainly by the U.S. Federal Reserve, which however may not always provide such liquidity.”
Folks, just in case you do not know this; the Federal Reserve has nothing to do with the federal government. It is a privately held company whose stock you can purchase from the stock exchange. It is run by a cartel of elite bankers, financiers, businessmen and they are the real power behind the curtain.
In creating a central global bank like the one being proposed, it enables the power of the world to be easily wielded  by one single person, the head of that central bank. The likes of an Allen Greenspan or Ben Bernenke would head this bank up.
As I have said, what the IMF wants, the IMF gets. Knowing this, we will eventually have the Bancor and a central global bank running the show. Power will be given to a group of people headed by a single man.
Now do you see how easy it would be to control the masses by one single man?
Scriptures say…
Revelation 13:16-18 KJV And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17  And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18  Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Slowly the stage is being set. The enemy in all his pride and egotism is laughing at man  and his ignorance as he makes his plans right before our eyes and no one seems to even be paying attention.
That ol' worm Heylel Ben-Shachar is playing his game and man is falling for it. Eventually he will demand that man take a mark to identify himself as one of his. Those who do not will lose their head as a martyr of our  Lord Jesus Christ.
But for that to take place, there are still some steps that need to be established. We who are here now will face some if not all of this setting of the stage. While we are here we need to be ready always to preach the word, share the gospel and occupy till HE returns.
The time is now to prepare and be ready, not run off to some corner and hide. We have a responsibility to our Lord, it is our reasonable service.
One Final Note
There is today a system already in place. In fact this system envelopes all legal, political, religious and social aspects. It is the system that is spreading like a cancer and it is the Antichrist will use to rise to power. As I stated, the game that our pride filled egotistical enemy likes to play is hiding things right before our eyes. It really is the best place to hide something. This legal, political, religious, and social system many do not want to acknowledge and in fact many are already welcoming and defending its right to be spread;  is Islam and it is right before our eyes. In its system is everything that scripture describes that the Antichrist will use to come to power.
 It is here now and within 20 years it will have established a global government dedicated to its god Allah.
Who by the way is also known as Heylel Ben-Shachar - which literally translated from God's word means Crescent Moon - Morning Star.


END NOTES
Download and read “Reserve Accumulation and International Monetary Stability” at http://www.imf.org/external/np/pp/eng/2010/041310.pdf
1 -http://www.helel.com/
5- http://www.economist.com/finance/displaystory.cfm?story_id=13382167&CFID=48661507&CFTOKEN=95325844