Monday, 5 October 2009

CHINESE WHISPERS [2]

Hello again folks! I wrote blog in July entitled: "CHINESE WHISPERS" regarding the desertion of the US Dollar as THE reserve currency of the world by, chiefly, China ... but with others following [some quite keenly]:
But now, out on the periphery; it is again being reported that the #1 status of the USD as the reserve currency is under sore threat. Please bear in mind that in 1971 President Nixon effectively replaced gold with 'Petrodollars' [oil] as the reserve currency of the US Dollar when he unhinged the one [1] ounce of Gold = $35.00 peg. The national debt of the US has increased exponentially in the following 38 years. Hence investing in the US economy and its currency is growing more and more unattractive daily for other governments and 'major' investors. Have a look at these two [2] articles:
Maybe now you can see why the US is under more threat from the 'free market forces' than any military force or islamic terrorist attack. The US may well recede as the worlds #1 'superpower'. More probably as a result of the judgement of God rather than anything 'cyclic'. History is replete with nations who abandoned God and then 'reaped the whirlwind'. The Beast empire will rise and you can debate on from whom or from what it rises until the cows come home!
My point is that one of the precursors to that rise may well be the relegation of the US to join us non-superpowers - while the mother of all dictatorships rises. Take my advice - Be Bereans! Watchmen must warn; evangelists must compel; DO NOT BE DECEIVED and watch that periphery!
God bless you and God bless Israel ... Keith JS ... 05-Oct-2009

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