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​Prophecy/
​News

QE-3 and the Move Toward Worthless Paper Money

9/13/2012

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Getting cash to buy bread in Weimar Germany
Many really don't know what is actually happening with the current FED policy called,  Qualitative Easing parts 1, 2, and now 3.  We are being told that this is a stimulus for our sluggish economy.  There are little more than empty promises that this will help put more money into our economy - thus making it more solvent and better for all of us.  Such statements are policy statements at best, and lying propaganda statements at worst.  What is slowly happening with these moves by the FED is that our money is slowly being made worthless green pieces of paper.  The only inaccuracy in that statement is that this is a slow process.  Unfortunately there is going to be a day very soon when we will experience a crash similar to that which was experienced by the 1920's Weimar Republic in Germany.  Let me explain a little more - and hopefully also tie this to what is going to happen in these last days.


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!  


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What in the World Was Iran Thinking!

10/14/2011

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What is the world is going on with Iran?  Over the past week we've learned that the Iranian KUDS forces (which is the equivalent of our special forces) were involved in a plot to assassinate the Saudi Arabian ambassador to the United States.  Allegedly, the plot involved working with Mexican drug cartels in an effort to hire professional assassins to carry out the plot.  As more and more details of this plot become known, it is clear that the Iranian government was involved in this effort. 

This is a radical move on the part of the Iranian government - even a game-changing event.  It has led to several things that are happening presently in our own government reaction to this attempt on the Saudi Arabian Ambassador.  The first is that the Obama administration is seeking what they call, "crippling" sanctions against the Iranian government.  The problem with this action is that it will require countries like China and Russia to comply as well.  Since we do not do any business with Iran, our ability to directly affect their economy is fairly limited.  The second action, which is not receiving hardly any attention involves Israel and the sale of 55 advanced bunker-busting bombs to their military.  This was something that was allowed by the Obama Administration.  To give a little insight on this action, the Bush Administration was asked to do the same thing - and did not do it.  It was viewed as too controversial a decision, and one that would come back to haunt them if Israel used these weapons to destroy Iran's nuclear program.

What does all this mean for our world.  It actually means a great deal.  One of the things Israel absolutely had to have to deal with Iran's pursuit of nuclear weapons was bunker-busting bombs.  Now that they have them - an attack on Iran's nuclear infrastructure is far more possible.  This would cause a huge disruption of the delivery of oil throughout the world.  Those who understand the ramifications of this say it might cause the cost of oil to surge to 6-8 dollars a gallon - or more.  This would send an already fragile world economy over the edge into full scale collapse.  Such a collapse would put our world into financial chaos.  It would be a perfect scenario for a world leader to rise to help solve such an issue - not to mention to lead the world toward a one-world currency or system that would be easily be transformed to a cashless economy.

There is also the problem of military reprisals for Israel taking out Iran's nuclear weapons program.  If such an attack were to take place, there is a good possibility that the world would be set on fire.  Russia, Syria, and Turkey all have mutual defense pacts with Iran.  If Israel were to attack Iran - what would these countries do?  It could easily cause the region to erupt with protests - and eventually a military action against Israel from nations throughout the region.  That would fit the view of the Gog-Magog conflict of Ezekiel 37-38 being an event which happens before the rapture of the church and the beginning of the 7 year tribulation period of the book of Revelation. 

The situation with Iran is fluid at the moment.  Much of what I've written today has yet to happen.  We do not know what sanctions will be put on Iran.  We do not know how effective they will be.  We do not know how Iran is going to react to such things.  We do not know how the rest of the Middle East will react to Iran's actions.  But the one thing we do know is that Israel now has the ability to penetrate the bunkers which hide much of Iran's nuclear facilities.  The question will be what Israel will do with them?  The other thing we also know is that these events have done nothing to lessen the political pressures that are rising in the Middle East.  We will need to stay tuned to learn what will happen.  But in the mean time we also need to stay on our knees and continue to pray for the peace of Jerusalem, because these events have made that peace that much more difficult.

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Prelude to a Worldwide Collapse and . . .

7/19/2011

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I’m on vacation presently – but as I’ve taken the time to keep up with the news I’ve had a sense of destiny in the things that I am reading.  Let me explain by making reference to the book of Revelation and the things we see happen in that amazing prophecy of last things. 

In the book of Revelation we see some astounding things happening in the world prior to the return of Jesus Christ.  Among them is a world leader who arises promising peace, but delivers something far different.  We see war on a scale possibly unknown to mankind.  We see horrific events involving famine and plague that seem almost out of the realm of possibility.  We see a world system of finance that no longer involves a currency or currencies of the nations of the world.  All these things seem so far fetched that many have written off Revelation as either a book that is to be interpreted non-literally – or as the rantings of a crazed prophet or worse.

Yet, as I read the news I cannot help but watch the stage being set for the return of Jesus Christ.  We are watching our own nation on the edge of a financial Armageddon – not because of the debt ceiling debacle in Congress, but because we have $14.2 trillion in debt and actually think that more borrowing is not a bad thing for us.  Because of our position in the world as the largest consumer nation, if we fall the world is coming with us.  There is such an inter-connectedness in economies in our world today that a failure in the United States will bring down the world with it. But the debt crisis is not just in the United States alone.  European countries who have embraced the lies of socialism are coming to their own day of reckoning as their ability to handle a debt explosion are coming upon them.  Not only is the U.S. economy going to implode, but Europe’s as well – and they may get there first. 

Consider the implications of all this.  Two of the world’s largest economies are going to implode.  With that we will see a collapse of the U. S. farming community as well – because without financial backing, the system we’ve maintained for our farming will fall apart as well.  That will bring a lack of food the likes of which the world has not seen in modern times.  With it will also come the looming specter of famine as one of the largest producers of food in the world suddenly will be struggling with feeding themselves as economics prevents the growing of food. 

This coming economic Armageddon will also affect the nation that has done more to promote world health than any other on the planet.  That work will come to a grinding halt as the companies that have pioneered much of the innovation and advance of medicine also implode.  Medicines that have been readily available will soon find shortages popping up all over the world. 

With this kind of financial meltdown will also come the inevitable showdowns between nations who are now facing dire choices as the shortages grow.  Historically this has led to war between nations – because contrary to biblical truth – wars are primarily not engaged in because of political differences.  James tells us that the reason for wars is because we want and we cannot have – so we argue and fight on a local level – but on a geo-political scale such arguments become wars.

Now add to this the growing problem of an Islamic radicalism that is wanting world domination and you have a recipe for a worldwide conflagration that is coming soon to a planet near you.  Some will read this and commence hand-wringing as they try to figure out how to stop it.  But the fact is that you will not be able to stop these kind of events when Christ’s return is imminent.  When I look at the things that are happening now – I see two things.  First I see that when a world sows to the wind, they will reap the whirlwind.  Our world has been in rebellion against God since Adam’s fall in the garden.  This rebellion seems to be reaching a critical mass in our day.  The godlessness in our world only knows one other context historically and biblically – and that is the days prior to Noah and the first destruction of the earth by water.  Just as the pre-flood world had to face the consequences for their sin and rebellion, so does ours – and that host of consequences seems to be knocking at our door.  The second thing I see is possibly an engineering of all this as God is sovereignly working in our world.  Please understand I do not see God as the author of such sin and wickedness.  He is not responsible for the sin and rebellion – yet He is still sovereignly working through it toward the ultimate end of His eternal purposes.  That eternal purpose has as its goal the summing up of all things in Christ Jesus – the ultimate punishment of the wicked – the ultimate reward of the righteous – and then the penultimate reign of His Son for all eternity. 

So where does that leave us – you know, the ones who are still on this planet as these things hurtle toward their horrific conclusion?  It leaves us where we have always been – redeemed ones of Jesus Christ who have a task before us.  That task is to continue making disciples of all the nations – preaching the gospel to the ends of the earth – and preparing our own hearts for the return of our glorious Lord and Savior.  The days and years will continue to be piled upon the past – until He comes and our salvation is completed as we are glorified in heaven.  But no matter whether this end comes in days or years – or decades – or centuries – our task is the same as our brethren right after the ascension of Christ and the outpouring of the Holy Spirit.  Preach Jesus – live Jesus – lead others to Jesus – disciple them for Jesus – and love Jesus until the end . . . whether it is an end as we die on this earth – or one where we greet Him in the clouds in a glorious reunion as He comes again!
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The Coming Financial Meltdown

6/4/2011

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Recently while in Sudan teaching I came across a couple of verses in Habakkuk that arrested my attention.  This, along with several things that happened while overseas, has brought me to the place where I want to write about what is soon coming to a nation near you.  What is coming soon to the United States is a complete meltdown of our entire financial system.

Habakkuk 2:6-7 "Will not all of these take up a taunt-song against him, Even mockery and insinuations against him and say, 'Woe to him who increases what is not his— For how long— And makes himself rich with loans?  Will not your creditors rise up suddenly, and those who collect from you awaken? Indeed, you will become plunder for them.“

These are the two verses I read while in Sudan, and immediately the Lord nudged me in my spirit and gave me a sense that these were going to come upon the United States very soon.  Unfortunately I do not have an exact time table for what very soon means – but if history is any indicator – it would be my guess that we have less than 2-3 years until this happens (and I would not be shocked if this happens before the end of this year). 

Let me explain first biblically, and then with a reference to history.  First we turn to Habakkuk and the warning that he offers to where God’s people were then – and honestly, where we are now.  God told Habakkuk to stand and watch for the vision He gave him.  That vision included a rebuke for their drunkenness – and the lack of self control it brought about in them.  They were focused as a consumer culture – and part of that consumer mentality was to become “rich” by the use of loans.  God rebuked them for this and told them though a person may look rich by becoming rich with loans, the question one should ask is, “For how long?”  The problem with becoming rich through debt is that it is an illusory wealth that you have.  The ones who are truly rich are your creditors – the ones to whom you owe the money.  These people are collecting interest from you – and what you thought cost only $100 – is costing you far more.  In the end, if you cannot pay your debt, your creditors will, “rise up suddenly” and “You will become plunder for them.”  You don’t actually own anything – they own you.    For God’s people during the time of Habakkuk, this was a huge problem – for they were blind to what was about to happen to them.  But whether they were blind or not, this was going to happen.

Our country is over 14 trillion dollars in debt.  We’ve decided to become rich through loans – but the time is quickly coming upon us where we will have to pay for our illusory wealth – and it is going to cost us dearly.  The past two times we’ve heard reports from the FED, they have told us that everything is fine – as they are “monetizing” our debt.  What this means is rather than paying the debt and tightening our belts as Americans, our foolish leaders have decided to print money at rates that are alarming.  This is destroying the stability of the United States dollar.  This has led to a meeting that has never happened before in modern history.  Recently, all the major economic players in the world met together – and did NOT invite the United States to the meeting.  What they discussed at the meeting is that they are strongly working toward removing the dollar as the world currency of choice.

Recently, while in Amsterdam, I experienced what is happening in our world first hand.  The businesses in that city were very forthright in telling me that they did not accept U.S. dollars.  I had to trade them in for Euros.  What was even more shocking to my sensibilities was that there were only two places where you can still do this – the Forex booth at Central Station – and at the Central Post Office in Amsterdam.  This did not match what I had been told even as late as March of 2011.  But the reason for this is because the monetizing of our debt is destroying the value of the dollar. 

Now for the history lesson.  Prior to WWII, the German Weimar Republic also decided that the way to deal with their debt problems was to print money.  This quickly destabilized their paper money – and it led to a devaluation of their money – and to a meteoric rise in interest rates.  Before long it almost took an entire wheelbarrow filled with money to buy a loaf of bread.  Today, when I share this with people they scoff and think that this was long ago.  Such things cannot happen today.

In 1967 the Labour Party in Great Britain decided to lead their country in a decided socialist direction.  In order to pay their bills (as they gave away everything to everyone) they decided to devalue the British currency by 14% overnight.  The result was that everything suddenly became much more expensive.  In the late 1970’s this situation led to what had been called the “Winter of Discontent.”  During this time things got so bad that there were strikes among numerous workers and at one point hospitals were reduced to accepting emergency patients only.  Also they saw inflation explode 26.9% in one year!  In 1974 businesses and homes were forced into a “three day week” where electricity was given for only three days, broadcasting on television was shut down at 10:30 p.m. each night – and there were constant shortages of food – and even candles as people struggled to live.  This same kind of situation has happened recently in Yugoslavia and most recently in Greece. 

The truly frightening thing that I see right now is that there are currently 46 states in the United States who are nearing bankruptcy.  This has led to Arizona selling most of their public buildings – and California to release almost 11% of their prison population because they cannot afford to keep them in jail any longer.  Another interesting development is that in parts of Massachusetts they are no longer accepting U.S. dollars to pay for goods any longer.  They are asking for Euros instead.  There are reports that in Texas some stores are preferring Mexican Pesos to American dollars for payment.  Since the U.S. dollar has devalued 11% in 2010, the world is seeing the writing on the wall – and is planning to abandon the U.S. dollar. 

Here is the prophecy part of all this.  What Habakkuk saw IS going to happen in the United States.  Soon we are going to see inflation and the devaluing of our dollar run completely rampant.  Commodities are going to skyrocket in price to where we will hardly recognize prices at our grocery stores.  The price of gasoline  will most likely shoot up to European prices (around 6-7 dollars per gallon).  We will watch unemployment reach record levels very soon.  All this is happening for two reasons – first we are not following God’s principles when it comes to debt and how we manage the money God has given to us.  The second reason is that God in His sovereignty is working through this disobedience toward His eventual end – which I believe Scripturally will involve a financial collapse – and a subsequent one world financial system not involving countries having individual currencies. 

So what do we do about this?  First, we read and follow God’s Word when it comes to our financial dealings and practices.  Study the book of Proverbs to understand more about wisely handling the money God gives you.  Turn from this world’s view of money, and adopt God’s instead.  Second, realize that no matter what you do, that some aspects of the financial meltdown are inevitable.  God is moving toward His ultimate goal of bringing down the pride of man and exalting Christ alone in the end.  Don’t take a fatalist view of things – do what you can – but also don’t think you will be able to escape what happens in this world unscathed as God moves toward His future works.

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    What is the Prophecy/News Update?

    At Calvary Chapel of Jonesboro, we believe that history is moving toward fulfilling God's plans and purposes.  In an effort to help us be prepared for His appearing - and also to chronicle news items you just won't see in the national media - this page is devoted to sharing those items and their possible significance to
    the return of Christ. 

     It is not our desire to cover

     the sensational - or to try to make predictions.  Instead, we will do our best to share relevant news items with biblical commentary as well.  

    May God bless you and help you to be ready to stand before Him without shame at His return.

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Sundays: 10:45am - Morning Service
Community groups Times Vary

Wednesdays: 6:30pm - Adult Bible Study, Youth Worship and Bible Study, & Children ministry 

411 Calvary Cove
Jonesboro, AR  72401


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