The Weimar Republic was the government in Germany after WWI. Due to a number of different factors, this government was facing great financial difficulties. During WWI Germany had borrowed tremendous amounts of money. The debt of Germany had risen from 3 billion to 55 billion marks. The way the government decided to deal with this was to "monetize" the debt. To "monetize" a debt simply means to print money to pay it. The problem is that the printed money has nothing to back it and make it worth anything. The result of monetizing their debt was disastrous. Since their money was worth nothing - it created hyperinflation. The price of everything went through the ceiling. The way the German government dealt with this was to further print worthless money. By 1922-23 hyperinflation exploded and the result was skyrocketing prices for EVERYTHING!
Rising prices is something that we've learned to deal with - and some say that we will see increases in prices - but that inflation will remain under control in all of our Quantitative Easing - or monetizing our debt. To give you a little better idea of the increase of prices in Germany I will offer an example. In July of 1914 you could buy a loaf of bread for 1 mark. After they monetized their debt with their own version of QE-1, prices began to soar. By July of 1922 that same loaf of bread cost 100.6 marks. But even though that kind of inflation seems outrageous, it was nothing compared to what was to come. German government officials decided in 1922 to buy some of their debt in the form of bonds from the world markets. They did this by printing a whole lot of worthless paper money. Their hope was to create a stimulus of their economy through these actions. But what happened turned German financial markets - and prices in the street into a disaster zone. A loaf of bread shot from 100.6 marks in July 1922 to 2785 marks by January 1923. But this was nothing compared to the hyperinflation that was about to be released. A year later, in July 1923 a loaf of bread would cost 194,000 marks - and by November of that same year, 1923, the cost of a loaf of bread shot to 726,000,000,000 marks. All because the nation thought they could print money to deal with their financial problems.
This seems crazy when you read it, I know, but it is all in the history books and can be verified quite easily. The decision today to initiate QE-3 is a step toward a financial cliff over which it is almost beyond our power to now avoid. The FED has stated that QE-3 is an effort to buy hundreds of billions of dollars of our government's debt bonds in the open market. What are we going to use to pay for them? Money that will be printed by the FED. What backs that money? NOTHING! We are attempting to do what the Weimar Republic did from 1914-1923 - but think we can do it without any financial repercussions. Here is the truth - we cannot!
This move to initiate QE-3 is simply another order to start the printing presses of the FED. We are printing money that one day won't be worth the paper it is printed upon. What is even crazier is that the Legislative branch of our government just voted to continue to fund itself at current levels for the next 6 months because very few have the guts to tell the collective United States electorate that the emperor doesn't have any financial clothes. They are more interested in being re-elected than in doing the hard work of governing responsibly. By the way this required a bi-partisan response from both Republicans and Democrats. Hardly anyone is willing to say the truth about all this - even fewer are willing to tell us we are far beyond broke. We are flying down the path of the Weimar Republic - and no one is willing to be honest about it.
Now, how does all this fit in with the Biblical last day's scenario? First of all, it is a preface to a world without cash. Since pretty much every currency is going to be worthless - why have money at all. There will be moves to remove cash from society - and for the world to work only within the framework of electronic money. This move will help us toward the second thing that is being prepared in our day - biometric chips or some other device that will have all our financial, medical, and government records on them. Thus we can run the back of our hand over a scanner or stand in front of a camera and have all our finances done electronically. This paves the way for the antichrist to institute a program where he will control all spending - and will tie it to worshiping him. The third thing that will happen is that great chaos will sweep over the world in the wake of the dollar and the euro crashing and becoming utterly worthless over a short period of time. Remember what happened in the wake of the Weimar Republic's financial stupidity. A period of horrific financial depression resulted - followed by the rise of a very charismatic leader named Adolph Hitler. When people are struggling to be able to survive - they will follow anyone - even a crazed, satanic dictator. What is about to happen worldwide due to the crash of the dollar and the euro is going to make the Weimar Republic financial disaster look like a picnic in the park.
QE-3 is going to result in financial disaster. The worthless paper money that will be pumped into our system is going to do nothing except further depress it in the end. Prices will one day begin to explode - first by 10% all the way to 100% over a few years. The real disaster will come quickly as that horrific 100% increase will be eclipsed by 1000%, 100,000%, and even 1,000,000,000% increases in prices throughout our economy. IT IS COMING! The only way that we can avert it is to face up to the foolishness of what we are doing currently. That will radically affect the elections this Fall - not toward a Republican or Democratic leanings. It will require us to elect HONEST politicians who will tell us the truth - in all of its ugly overtones - and in all of its horrible consequences. But, to be honest, I don't see that happening. What I see is eminent financial disaster - followed by a descent into chaos and anarchy. Why? Because have not nor will we learn from the history of the Weimar Republic. But I truly see that what awaits us in this difficult repeat of history is something far more sinister than Adolph Hitler. The one who will rise to power over the rubble of world economic disaster (and most likely a major attack on Israel - see Ezekiel 37-38) will fulfill much prophecy in doing so. But, do not fear, little flock, for this has all been prophesied previously. Yes, things will get very difficult - and the world will face a 7 year period unlike anything it has ever seen or ever will see. But you, saints of God, lift up your heads - for in the midst of the chaos, destruction - your redemption draws near!