North American churches should each have their own currency!

dgiharris said:

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"The very IDEA of associating HARD WORK, DEDICATION TO ONE'S PEOPLE AND WORKING A DEAL WITH FELLOW HUMAN BEINGS WHO GIVEN THE RIGHT DEAL AND RIGHT DIRECTIONAL FLOW OF HARD COLD AMERICAN CASH after all there the U.S. Treasury Satellite Currency location Detection Systems show about $4.3 TRILLION U.S. DOLLARS out there in the world floating around as FREE FLOATING CURRENCY when the U.S. Treasury ITSELF is LYING saying that there is only a bit over $2 Trillion out there free floating but NO!!! Those of us in the LOOP are well aware the exact total is closer to $4.3 Trillion." .......(AboveAlpha)

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According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called "the world’s greatest investor."

It’s the biggest cash hoard the company has ever amassed, in the 40 years he’s been in charge.

At a cost of $29 million every single day he keeps his money out of the markets, from all outward appearances, this is a risky and costly gamble. Unless Buffett is sure a Wall Street crash is at our doorstep.

Shocking: See the chart that may have caused Buffett to bet on a U.S. collapse.
But he’s not the only famous investor who fears a dangerous correction is coming.

Jim Rogers recently admitted to Yahoo! that he is staying far away from U.S. stocks.

New filings also revealed billionaire George Soros’ massive short position on the S&P 500.

Previously, Soros allocated 3% of his portfolio to shorting the S&P. It’s a common practice major investors use to insure their positions against unforeseen pullbacks.

But he just increased his short position on the S&P 500 over 5X fold, taking it to 16% of his entire portfolio.

That is an alarming sign that Soros is betting on a market collapse. And given his track record of predicting these events, it’s one we should not ignore.

So the question remains: Why are some of the “greatest investors alive” betting against Wall Street?

According to Jim Rickards, the CIA’s Financial Threat and Asymmetric Warfare Advisor, they are taking emergency measures now before a historic economic meltdown strikes – one he, and many of his colleagues at the U.S. Intelligence Community, fear is unavoidable.

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ArmenianJohn said:

I don't want my USA to have anything to do with Canada other than Quebec.

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ArmenianJohn said:

I don't want my USA to have anything to do with Canada other than Quebec. La seule partie du Canada que j'aime vraiment, c'est le Québec.

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ArmenianJohn said:

Not sure what this has to do with churches printing money (which is anti-Biblical as mammon/money is a separate god from the True God) or with the sovereignty of the USA and Quebec (Bloc Québécois).

I wouldn't want it. Right now my American dollar makes it inexpensive for me to go to Montreal and Quebec. I can drive there in less than 6 hours and spend a great weekend full of museums, art galleries, nightlife, and great food such as poutine, viande fumee, crepes, maple syrup, bagels, steak, asian food, Lebanese and Armenian food, etc.

I have no desire to go back to Nova Scotia, PEI, New Brunswick, Ontario, etc.

Perhaps the only other part of Canada I would re-visit is Vancouver, maybe Kelowna. The rest is frozen tundra and oil sands. Quebec is La Belle Province! I mean, have you ever been to Montreal? It's one of the most beautiful cities in the world! Top 5 easily! Quebec City also!

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"The Lord is now preparing courageous leaders who
will be willing to fight a spiritual civil war in order to set men free.
The main issue, as in the American Civil War, will be slavery versus
freedom. The secondary issue, which will be the primary issue for some,
will be money.

Just as the American Civil War at time looked like it would destroy the entire
nation, that which is coming upon the church will sometimes appear as if it will
bring the end of the church. However, just as the United States not only
survived but went on to become the most powerful nation on earth, the same
is going to happen to the church. The church will not be destroyed, but the institutions
and doctrines that have kept men in spiritual slavery will be"

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In 1972, the United States Treasury Department was asked to compute the amount of interest that would have been paid if that 400 million dollars would have been borrowed at interest instead of being issued by Abraham Lincoln. They did some computations, and a few weeks later, the United States Treasury Department said the United States Government saved 4 billion dollars in interest because Lincoln had created his own money. So you can about imagine how much the Government has paid and how much we owe solely on the basis of interest.

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ArmenianJohn said:

The Biblical model for the Church is Socialism. It does not involve the Church creating money but if anything the Church only would use government-issued money. Acts 4 lays it all out. All the members of the church pool their possessions and money and the Church leaders (in Acts 4 it was the Apostles) then redistribute all the wealth in an equal way so that nobody has any need. That is classic Socialism and God's Word teaches that the Church used this under the direction of Christ's Apostles.

So, rather than a Church printing money, a Church should practice socialism.

Rick Joyner may have good intentions but he is trying to weave capitalism (which is greed-based and promotes greed) into his vision for Christianity. He should just look at what God's Word already says and then he wouldn't be wondering what may happen.

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There is a big difference between interest rates of 6%, 10%, or 20%, when one speaks of compound interest. The following are the sums that $1.00 will amount to in 100 years, loaned at the rates of interest mentioned and compounded annually:

at 1%............................$2.75
at 2%..........................$19.25
at 3%........................$340.00
at 10%..................$13,809.00
at 12%............ $1,174,406.00
at 18%............$15,145,207.00
at 24%..........$251,799,494.00

And at 50%, it would eat up the world! There is a formula to know approximately the amount of time it will take for an amount, at compound interest, to double; it is the “Rule of 72”: You divide 72 by the interest rate. It gives you the number of years it will take for the amount to double. Thus, an interest rate of 10% will cause a loan to double in 7.2 years (72 divided by 10).

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The public debt of the United States
The public debt of the United States follows the same curve as Canada’s, but with figures ten times bigger.

As was the case with Canada, the first significant increases in the public debt took place during war times: the American Civil War (1861-1865), World Wars I and II. From 1975 to 1986, the debt went up from $533 billion to $2,125 billion. (In 2004, this debt is over $7 trillion.) Therefore, during the same period (1975-1986), Canada’s public debt increased more rapidly than the United States’ (9.3 times in Canada in comparison with 3.8 times in the United States). The reason: interest rates were higher in Canada during the same period, reaching as high as a 3-point difference.

What is a billion?
When one speaks of millions and billions of dollars, one is talking about very huge sums, and it is quite difficult to figure out what a billion is. A few years ago this definition was circulated: A billion seconds ago, the first atomic bomb had not yet exploded. A billion minutes ago, Christ was still on earth. Spending a billion dollars at a rate of $100 a minute would take 19 years.

But when one speaks of the public debt of the United States, it is not a question of billions, but of thousands of billions, or trillions (1 followed by 12 zeros). In 1986, the public debt of the U.S.A. was $2 trillion. 2 trillion $1 bills placed end to end would stretch 186 million miles – from the earth to sun and back. A 2-trillion dollar spending spree – at a rate of $1,900 a minute – would last 2000 years. In 1981, when the nation’s debt approached $1 trillion, President Reagan illustrated that figure with this example: “If you had a stack of $1,000 bills in your hands only 4 inches high, you would be a millionaire. A trillion dollars would be a stack of $1,000 bills 67 miles high.”

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ArmenianJohn said:

What's the problem exactly??? I'm not seeing any problem in your post.

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ArmenianJohn said:

I just don't understand the concept of us being bankrupt, on paper or otherwise. Nor do I understand where these interest rates are coming from.

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In 1972, the United States Treasury Department was asked to compute the amount of interest that would have been paid if that 400 million dollars would have been borrowed at interest instead of being issued by Abraham Lincoln. They did some computations, and a few weeks later, the United States Treasury Department said the United States Government saved 4 billion dollars in interest because Lincoln had created his own money. So you can about imagine how much the Government has paid and how much we owe solely on the basis of interest.

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usexpat97 said:

For right or wrong, the U.S. doesn't want to allow that. Check out:

‘Liberty Dollar’ Creator Awaits His Fate Behind Bars

We had a group in the U.S. stamping coins of HARD CURRENCY, the Liberty Dollar. The FBI raided them for "counterfeiting", confiscated millions in hard cash, and the leader is being tried on criminal charges. Bear in mind, unlike the United States government he used real gold and silver in his coins. And the whole crime behind counterfeiting is that you are paying for real goods with something that is worthless. Not so here--it's the exact opposite. He had real gold and silver. You would think that if you have silver in your possession that you can do whatever you want with it.

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The Constitution prohibits individual states from printing and issuing paper money as legal tender, but they are allowed to use coins as currency, said Gatch. Individual communities, however, are able to create their own currencies -- including paper notes. Anyone can do it -- as long as the money is easily distinguishable from U.S. dollars and values are tied to the U.S. dollar so that income remains taxable.

Fear factor: Francis Ayley, the founder of Life Dollars, a currency started in Bellingham, Wash., in 2004, said fear of a shortage of U.S. dollars and frustration with the growing wealth gap in the country are driving more people to his currency. Since a majority of the transactions occur online and funds are directly transferred between members, the supply of Life Dollars is unlimited, he said.

The number of people or businesses signed up to use the currency, or members as Ayley refers to them, had remained relatively stable at 250 to 350 for years. But in the past two years, membership has doubled to more than 700. The currency's use has expanded beyond Bellingham to Seattle, too, where 75 new members have signed on in the past six months. Ayley estimates that more than $1 million worth of transactions have been made so far.

Funny money? 11 local currencies
"Many people are short of cash because they are unemployed or under-employed ... many are questioning what they have been told about the economy and the way the free market supposedly works," said Ayley.

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