Newswatch Newsletter for November 2011
By David J. Smith
November 19, 2011
The Constitution gives authority to Congress to .coin money and set the value thereof.. This was to keep the hands of greedy international bankers from issuing our money. All debts, private or public, were to be paid by gold or silver coins that had VALUE . not paper money that was not backed by these precious metals. In 1913 while most of the Senate had gone home, a few senators railroaded through that body the illegal Federal Reserve Act! For the first time in American history, a PERMANENT PRIVATE banking system was installed. It was all planned in advance at Jekyll Island, Georgia. The door had been opened to eliminate gold and silver backing for our paper money. This paved the way for unlimited printing of paper money when the government had a pet project, such as WAR!!! Or internal spending to destroy the VALUE of the paper currency . or as the communist said they wanted to do, debauch the currency and CREDIT of the U.S. Have they succeeded? In the early to mid-1950s, my father would buy 5 sacks of groceries, packed full, for $20. Today, you get 3 or 4 items in a plastic bag for $20. It is called .inflation.. Our currency has been debauched and the U.S. credit went from AAA to AA by Standard & Poor.s. What does this have to do with Bible prophecy? Revelation 6:5-6 reveals the opening of the third seal. It shows clearly that only a small amount of food staples could be purchased. This reveals an economic collapse which will affect the entire population. It is preparing people to cry out for a .savior.. Those working for world government will have their man waiting to elevate him into the ranks of the Apotheosis . GODS!!! It will be the .false. messiah described in 2 Thessalonians 2. The Bible was and is Israel.s book. There were 12 tribes of Israel, not just one called Judah or nicknamed .Jews.. They separated after Solomon.s death (I Kings 11-12). The legal name of Israel was to be Joseph.s descendants (Genesis 48). Joseph.s two sons were to become the .greatest single nation. on earth and his brother was to become a .company or commonwealth. of nations . in the LAST days (Genesis 49). Ephraim and Manasseh are literally fulfilled today in the United States and the British Commonwealth. Because we as a whole, not everyone, have turned our backs upon God, He will allow the .scattering of the holy people. (Daniel 12:7). With the destruction of our currency, we have become a bankrupt nation. We cannot compete in the world market place. Cheap foreign goods have flooded our stores. You can hardly find anything made in America anymore. Since 77% of our tax dollars now go to pay interest on the loans from the illegal Federal Reserve Banks, we don.t have enough money to operate our government without BORROWING more money. The amount borrowed, called principle, is NEVER PAID BACK!!! What happens when the interest is more than the tax revenue taken in? WE TOTALLY COLLAPSE!!! Are we on the verge of doing just that? We are following in the footsteps of Yugoslavia in the 1990s. This European country found itself with over 5 quadrillion percent inflation!!! How much is that? 5,000,000,000,000,000%. That.s a 5 with 15 zeros behind it. They devalued their currency overnight. A loaf of bread that cost $1 in 1993 suddenly cost $50,000,000,000,001. That was 50 Trillion overnight. Could it happen in America? We are not exempt from consequences of breaking sound financial laws? Didn’t the Bible say NOT to charge .interest. to a brother? The international bankers are setting the world up to crash financially, so they can furnish the solution . a world currency called Special Drawing Rights. There will be NO cash, coins, or checks. There will only be numbers on a ledger sheet for you to use. There will be electronic transfer of funds from where you work to your account. Revelation 13:16-18 shows that NO one will be able to BUY OR SELL unless you take the .mark. of the beast or his name. This means a CASHLESS SOCIETY! Britain.s sterling was the world.s reserve currency for 150-200 years. It finally collapsed in 1967. The U.S. had to prop it up under the Marshall Plan. The U.S. currency replaced it as the world.s reserve currency after World War II. Our time of collapse is coming soon. Most in America will not believe it, but the Bible is true. If the whole nation doesn’t repent and turn back to God, we will collapse to the communist enjoyment!