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Are We Headed for a New World Currency?

Introduction
Is a new world currency needed to deal with the world's financial woes? Some of the biggest currencies and their economies are in trouble. We seem to be in the process of globalization; perhaps a world currency in inevitable. In this issue of Prophecy News there are several items about the troubled economies and currencies. And there are other possible problems on the horizon that could make that issue seem minor.

Note that I am simply sharing items of interest. That does not imply that I agree with everything presented.


"And ye shall hear of wars and rumours of wars ... nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes ..." (Matt 24:6-7)

Prophecy News - 2013 May

New World Currency


The Dying Dollar and the Rise of a New Currency Order
By: Anthony Migchels / Real Currencies.wordpress.com / April 7, 2013

The Dying Dollar

The Eurodollar "With the dollar as the reserve currency, the US had to export dollars."

The Petrodollar "But it did not end the dollar reserve currency status, as the Empire had been found another basis for it: they reached an agreement with the House of Saud, to accept only dollars for its oil.

"In the last decade the problem of over printing was solved by artificially raising oil prices through the Peak Oil hoax.

"Of course, the great boon of this for the Empire is that it can pay with worthless paper for real goods. It can eternally finance a major trade deficit.

"But the US Empire is in trouble."

The New Currency Order "China is moving towards a Gold backed yuan that will be very powerful in the international arena. Recently Australia, which is already completely dependent on China, with 30% of its exports going there, is preparing direct convertibility between the yuan and the Australian dollar, meaning they will no longer use US dollar to finance bilateral trade. This means less US dollars are needed in its reserve currency role.

"And there is of course the euro, which, make no mistake, is in great shape.

"The euro was designed to be eventually backed by Gold and the ECB has enough of the stuff to be ready for the coming transition."

Conclusion: "We are seeing the advent of the new currency order. There will be a number of more or less equal blocks: a dollar zone, a Yuan/BRICS zone and the euro, with the Yen and the Pound as lesser entities. These will later be able to converge to even more 'cooperation', in the Money Power's relentless march towards a New World Currency.

"These units will be at least partially Gold backed.

"The Greatest Depression has only just started."

Click here to read it all


Many see a new world currency as the only solution to the troubles of the US economy.

The Dollar -- And The USA -- Is Toast
By: Lord Monckton / WorldNetDaily.com / May 7, 2013

US Dollar

"Obama has done it. He has brought America down. It only took him just over four years. The Republicans could have stopped him. They didn't.

"The once-mighty United States is now the most indebted nation on Earth. In round numbers, here are just some of the vital statistics as the patient dies:

"Here is what will happen next. When the crash comes, don't say you weren't given fair and clear warning.

"First, the dollar will cease -- no, make that 'is already ceasing'-- to be the world's reserve currency. China, as I have been warning you she would, has realized the dollar is finished. So she is quietly making startling progress with bilateral and multilateral deals to replace the dollar with the yuan as the world's currency of choice.

"Watch some of the straws in the wind. China and Korea have come to a little-noticed agreement that international trade between them will no longer be denominated in U.S. dollars, but in yuan, or Won.

"Do not believe China cannot afford to let her biggest creditor fail. She can, she will, and she is making careful preparations to do just that.

"If you thought the crash of 2008 was bad, think again. The crash that is coming -- I cannot put a date on it, but it is not far away now -- will be orders of magnitude worse.

"So, what should you do to protect yourself and your family? First, get rid of every dollar you have. Dollars are now all but worthless. When the crash comes, they will have no value at all."

Click here to read it all

40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe
By Michael, on May 26th, 2013

If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about one trillion dollars. Today, it is almost 17 trillion dollars. 40 years ago, the total amount of debt in the United States was about 2 trillion dollars. Today, it is more than 56 trillion dollars. At the same time that we have been running up all of this debt, our economic infrastructure and our ability to produce wealth has been absolutely gutted. Since 2001, the United States has lost more than 56,000 manufacturing facilities and millions of good jobs have been shipped overseas. Our share of global GDP declined from 31.8 percent in 2001 to 21.6 percent in 2011. The percentage of Americans that are self-employed is at a record low, and the percentage of Americans that are dependent on the government is at a record high. The U.S. economy is a complete and total mess, and it is time that we faced the truth.

The following are 40 statistics about the fall of the U.S. economy that are almost too crazy to believe...

#1 Back in 1980, the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars...

U.S. National Debt


Click here to read the other 39 statistics


See my January 2012 newsletter about the size of the US debt.

End is Near: 'Catastrophic' Euro Should Be Abolished, Says Its Architect
Russia Today.com / May 6, 2013

Euro
The strains of the eurozone crisis have
drawn in a wide array of criticism from
all political platforms.

"The same man who called for a united Europe and spearheaded the euro currency in 1999, Germany's former finance minister Oskar LaFontaine has formally retracted his support for the troubled currency, and is calling for its abandonment.

"The current trajectory of the euro, LaFontaine argues, is 'leading to disaster'. Lafontaine wrote his remarks on Germany's Left Party website, and urged the jettisoning of the euro.

"'The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,' he said.

"The dichotomy of the financial crisis dialogue borders along Germany's severe austerity measures, and the rest of the EU's general rejection. Germany's efforts to 're-balance' the euro zone aren't working.

"The southern economies, including France, Italy, and Spain, are shrinking. Unemployment has risen to 12.1%, according to Eurostat's data released on May 1. In Greece and Spain, the numbers are sobering: 3 out of every 5 people under the age of 25 are unemployed."

Click here to read it all
With both the greenback and the euron in trouble watch for new currency.

Buffett Dumping Stocks, Economist Knows Why
By: Robert Wiedemer / Education Views.org / September 26, 2012

Warren Buffett
Why are these billionaires dumping
their shares of U.S. companies?

Why are these billionaires dumping their shares of U.S. companies?

"A handful of billionaires are quietly dumping their American stocks . . . and fast.

"Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of 'disappointing performance' in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.

"Unfortunately Buffett isn't alone.

"So why are these billionaires dumping their shares of U.S. companies?

"It's very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%."


Gerald Celente: Middle East Out of Control, World Waiting For a Flashpoint to World War III
The Extinction Protocol / May 8, 2013

Flashpoint for WW3
World War 3 is on its way.

"Trends researcher Gerald Celente predicts war in the Middle East. He says, 'It is out of control. What are people waiting for -- an Archduke Ferdinand moment?' Celente thinks Israel bombing Syria means World War 3 is on its way. The cycle leading to war started with the crash of 2008. Celente says, 'Crash, depression, currency wars . . .trade wars and then real wars. That's what we're seeing again.'

"Celente charges, 'This is a proxy war against Iran because when Syria is choked off, then Iran is left alone surrounded by enemies. So, that's what we're really looking at. The end game is Iran.' What would happen if Iran and Israel went to war?

"Would the Strait of Hormuz close, gasoline explode to $10 a gallon, markets implode? Celente says, 'All of the above.'"

Click here to read it all

'Beemageddon' Threatens US With Food Disaster
Russia Today.com / May 6, 2013

Beemageddon
Many of the almond orchards will never
be pollinated.

"US honey bees have been dying by the tens of millions, with annual death rates of about 30 percent. With fewer bees to pollinate fruits and vegetables each year, 'beemageddon' may soon cause the collapse of the agriculture industry.

"Honey bees pollinate more than 100 US crops, including apples, zucchinis, avocados and plums, that are worth more than $200 billion a year. Since 2006, about 10 million bee hives at an average value of $200 each have been lost in what scientists call the Colony Collapse Disorder (CCD), according to a new report by the US Department of Agriculture.

"There are currently about 2.5 million honey bee colonies in the US, which is a drastic decrease from the 6 million that existed in 1947 and the 3 million that existed in 1990. Last winter alone, the honey bee population declined by 31.1 percent, with some beekeepers reporting losses of 90 to 100 percent. In the previous two winters, beekeepers lost about 22 percent of their populations.

"'Currently, the survivorship of honey bee colonies is too low for us to be confident in our ability to meet the pollination demands of US agricultural crops,' the USDA report states.

"The USDA knows how the agriculture industry will be affected by the large-scale bee die-offs, but does not know why exactly they are dying in such numbers. The report cites 'multiple factors... including parasites and disease, genetics, poor nutrition and pesticide exposure', while also citing last summer's drought as a contributing factor.

"After large-scale honey bee die-offs each winter, beekeepers try to restore their populations in the summer. But with the populations dropping so low, the economic ramifications are almost unavoidable.

"'We are one poor weather event or high winter bee loss away from a pollination disaster,' Jeff Pettis, the USDA's bee research leader, said in the report."

Click here to read it all

Extreme Weather Events and Earth Changes - April 2013


Worst Case EMP Scenario? Half in U.S. Dead
By: F. Michael Maloof / WorldNetDaily.com / May 16, 2013

EMP

WASHINGTON -- The sun has kicked into high gear and produced four so-called X-class solar flares over the past week from a solar spot that is expected to come more into alignment with Earth as the sun's activity peaks this year and next.

"The intense solar storms are expected to last as long as until 2020.

"Until now, the sun has remained relatively dormant, but with four X-class eruptions in one week, it is beginning to reach its 'solar storm maximum' in this latest 11-year cycle of activity."

Click here to read it all
Summary Some will be arguing in favor of a new world economy. I am no economist or expert in money matters but I seem to recall that Jesus said something about storing up treasure in heaven. The currency of heaven is what we should especially be trading in.
"And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh." (Luke 21:28)

 

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