- Nov 25, 2017
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The answer is... stay focused on our Lord Jesus Christ, all the way to the end.
The powers that be over this world, i.e., Satan's workers, know exactly what they are doing with the world economy, and central control over people's wealth. They are trying to equalize the wealth between nations while placing as much wealth as possible into their own hands. This was the main reason for their removing much of the U.S. manufacturing base to poorer nations via GATT, NAFTA, and CAFTA. This is the reason why many in D.C. are behind allowing illegals coming into the U.S. and giving them free medical, welfare, etc., and making the working people in the U.S. pay for it, reducing our own wealth. It is merely Communism under a new form (i.e., World Socialism). They know what they're doing. Raising the minimum wage would never be enough to balance the rising costs they are creating by weakening the value of the U.S. dollar.
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In 1971, the U.S. went completely off the gold standard that was backing the U.S. dollar. Before that, the dollar had to be backed by existing gold and silver held in store (Fort Knox, etc.). And that backing was only a required fraction. This meant Congress could not simply print more dollars when they wanted for their projects. It meant the U.S. dollar was tied to the stability of gold.
The gold-haters use the excuse for getting off the gold standard being that there is not enough gold to support a growing economy. That's a fallacy, because under gold the value and buying power of money increases. Instead of five dollars for a gallon of gas, its cost becomes something like 25 cents a gallon. Instead having to have $40 to fill up your car, you're only needing around $5. So you're using smaller denominations of money, and less of it, because the buying power of the dollar is stronger. At the same time under a gold standard, not as many dollars are needed for circulation because of that.
Thus Congress doesn't have power to print money for their bailouts of corporations and bankers that steal people's wealth through criminal loans and speculation (like the mortgage crisis), nor foreign dictators that gets a bailout at the expense of the U.S. taxpayer only to need continual refinance of new banker loans so the banks can keep their interest payments going to themselves. Bailouts are allowed by Congress because bankers and corporations that become so huge, they claim it would ruin the U.S. economy if they were allowed to go bankrupt.
The original U.S. founders warned against fiat money. Fiat means issue by decree, like a king might say, "I decree the palace yards off limits!", and it's done. Fiat money means printing money backed by nothing, simply by decree of Congress. The founders supported a gold standard regulating the U.S. dollar. This meant you could only print as many dollars as there was silver and gold to back it. It limited the amount of dollars in circulation, but not the coin denominations of it. And one dollar was worth a whole lot more, so less dollars are actually needed under gold. The actual power of the dollar thus stays in the people's hands.
Under a Fiat Monetary policy, which the U.S. has today, it all begins as Debt with government IOU's called a U.S. Treasury Note. Those are promissory notes, i.e., promises to pay to the order to. They are like writing a check, except there's no actually real money in a bank account somewhere. YOU and ME, WE are the bank account, the TAXPAYER. The Treasury Notes are promises to get the money from the U.S. taxpayer. This is why the IRS was founded, i.e., to support the passing of the Federal Reserve Acts of 1913. The Fed had to have a way to get their Fiat money out of the taxpayer. And since then the U.S. dollar was on a 'fractional reserve' of silver and gold, meaning each dollar was back by only a percentage of gold. Originally, you could turn a U.S. dollar in for a U.S. silver dollar coin. That ended in the 1970's when the Fed took the U.S. dollar completely off of gold backing, and renamed it a Federal Reserve Note.
So in reality, those in government are actually controlling the majority of U.S. wealth of the people through creating dollars out of thin air. Although it is causing super-inflation of the dollar (making it worth less), it puts the control of the majority of dollars in their hands. Commerical banks are allowed to create dollars by bookkeeping entries also, further multiplying the number of U.S. dollars created out of thin air that is causing more inflation. The reality is that when we sleep at night, the value of our U.S. dollar is being lowered, and when we wake up we find that costs have gone up in order to equalize the weaker dollar. But the banks love it, because it gives the power to create more loans so they draw more interest monies, in which they turn around and turn into more loans, and more book entries to create new dollars for their so-called Reserves.
This isn't just happening in the U.S. either. It's about what all central banking is about.
In the 1960's Alan Greenspan, ex-Chairman of the Federal Reserve, said this:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard."
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