Search This Site:

Daily WebLogs


Email, Print, Share. CLICK HERE.

July 14 verdict fulfilled September 14

Sep 14, 2012

Today is September 14. Because the old revelation says, "July is like September," today is like July 14. That was the day we delivered the verdict to the four elements of the Babylonian system in the four locations in St. Paul, Minnesota.

Yesterday, when Fed chief Ben Bernanke announced "QE3 to infinity" (as Jim Sinclair put it), it looked to me as if this was the September counterpart to our verdict back in July. However, it was a day early, so I waited until the end of today (September 14) to see if something further would emerge. What I found was that Bernanke's QE3 buying spree was to begin today!

Today the Federal Reserve announced that QE3 will begin on Friday, but it is going to be much different from QE1 and QE2. Both of those rounds of quantitative easing were of limited duration. This time, the quantitative easing is going to be open-ended

http://theeconomiccollapseblog.com/archives/qe3-helicopter-ben-bernanke-makes-it-rain-money

Furthermore, the Fed's money creation is not limited to just $40 billion per month. Bernanke said,

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing ADDITIONAL agency mortgage-backed securities at a pace of $40 billion per month.

He went on to explain that from now until the first of the year, this would mean a total spending spree of $85 billion per month!

These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

Bernanke is admitting that QE2 never ended, even though most investors talked as if it had. In fact, it has continued to the tune of $45 billion per month, and now--at least for the next few months--it will be increased to $85 billion per month.

QE1 was the first huge bailout shortly after President took office. It had some effect on the economy and brought the unemployment rate down to just over 8% (according to the GMF, "government manipulated figures"). QE2 had hardly any effect at all, as the unemployment rate remained the same in spite of the $45 billion stimulus per month.

So now Bernanke is increasing this by another $40 billion. This is really QE2 on steroids, but it is being called QE3. I doubt that QE2 will actually end on January 1st, but Bernanke said nothing about it beyond the first of the year. In my view, QE2 and QE3 will both continue until the Babylonian system simply collapses and is replaced by a new monetary system.

"QE3 to infinity" is not true, only because Babylon will not last into infinity. It will simply continue until it collapses.

The verdict was rendered on July 14. We are now seeing it manifest in the world on September 14 as expected. Bernanke's announcement was an admission that the system is beyond repair, and the dollar is collapsing, so he and his committee have decided to print huge quantities of money until the collapse happens.

The above article continues:

Perhaps the biggest danger from QE3 is that it could greatly hasten the day when the U.S. dollar ceases to be the reserve currency of the world.

The rest of the world is not stupid. They see that the Federal Reserve is now firing up the printing presses whenever they feel like it. They can see the games that we are playing with our currency.

Why should the rest of the world continue to use the U.S. dollar to trade with one another when the United States is constantly debasing it and playing games with its value?

As I wrote about the other day, China and Russia have been calling for a new reserve currency for the world for several years. They have been leading the charge to conduct international trade in currencies other than the U.S. dollar, and I have documented many of the major international agreements to move away from the U.S. dollar that have been made in the last couple of years.

The status of the U.S. dollar in the world has already been steadily slipping, and now Helicopter Ben Bernanke pulls this kind of nonsense.

We are handing the rest of the world an excuse to abandon the U.S. dollar on a silver platter.

History is being made. Let us understand what we are seeing. This is not just another recession, nor even a depression. This is the end of the world as we know it. Not the end of the earth, but the end of the world SYSTEM, described by the prophets as a series of "beasts" that were to run their course (Daniel 7). Scripture is clear that when these beast systems have finished their rampage over the people of the earth, God will cut a "stone" out of the mountain that will fall on the feet of this system, grind it to powder, and then grow to fill the whole earth.

This is the Kingdom of God. It does not matter what the Illuminati plan for us after this collapse. Their plans will fail, due to unintended consequences and the outpouring of the Holy Spirit. Many organizations and religions believe that they will come out on top, but everyone needs to stand aside while God implements His plan for the earth. He will make known who the anointed ones are, those called to "reign on the earth" (Revelation 5:10).

So do not be angry or discouraged over Bernanke's QE3 policies. It appears that God has called him to destroy his own system so that no one else has to get his hands dirty. In the end, Babylon's tombstone will read, "Death by Suicide."

 

 

 


Notices From GKM Admin
[Click To Expand]
Daily Weblogs
[Click To Expand]


Tags:
Category: News Commentary

Dr. Stephen Jones


Add Pingback