Saturday , 1 November 2014

Hyperinflation and Economic Collapse

QE3 was just announced – the Fed (which is not Federal by the way) is going to print $40 billion per month indefinitely. What will that mean to us? The bottom line is that it is just a matter of time until the dollar comes crashing down and when it does, war is sure to follow. Of course, war may come sooner. We already see a fleet of warships from 25 nations in conducting war games in the straits of Hormuz at this very moment. The events of Ezekiel 38 and 39 are getting closer than any of us can really imagine. The trouble is, we have been lulled to sleep with all of the distractions and amusements (to not think). Today is Rosh Hashana, let’s always be ready for the Lord’s return!

About Doug Hamp

  • mogarcia

    Real Estate is always a good way to protect your dollars against inflation or hyperinflation. So you can either invest that money in Real Estate or into God’s Kingdom as Paul quoted Jesus in

    Matthew 6:19-2119 “Do
    not lay up for yourselves treasures on earth, where moth and rust destroy and
    where thieves break in and steal; 20 but lay up
    for yourselves treasures in heaven, where neither moth nor rust destroys and
    where thieves do not break in and steal. 21 For where
    your treasure is, there your heart will be also.

  • Paul

    @Christian Optimist asked about wealth transfer.

    If the ballooning money supply does lead to massive inflation or hyperinflation, then the picture which emerges is this. Society will be broadly split into two groups.

    Those who have worked hard all their lives, denied themselves luxuries and saved in order to provide for their family and for their old age (so that they are not a burden on others) will lose horribly, since the value of their life-savings will rapidly be reduced to nearly nothing. They will have believed in old-fashioned Biblical virtues (e.g. Genesis 2:15, Proverbs 13:4, 1 Timothy 5:8, 2 Thessalonians 3:10) and our corrupt monetary system will make them look like complete fools for doing so.

    Those who have avoided trying to earn a living and/or to live within their means, and who have instead spent what they have had, idled around, taken government handouts (which are of course themselves taken from other taxpayers) and spent them, then borrowed from banks (again, the money of others) and proceeded to run up huge debts — that is, people who are a burden on others and don’t care at all — will gain greatly, since the debts they owe will be reduced in value to nearly nothing.

    That will be the wealth redistribution which takes place under hyperinflation. The hard-working and prudent will be punished and the idle and profligate will be rewarded. The poor in other countries will not benefit from this “redistribution”: they will still live in terrible conditions. But the architects of our iniquitous monetary system will be fine.

    It is lawlessness, but there will be those who love it: obviously, those in the second group above will love it, as will radicals and Socialists since it is squarely part of their agenda, whether they’re Communists / International Socialists, National Socialists or Social Democrats / Fabians. A couple of quotes illustrate their mindset:

    Lenin (International Socialist, tyrant, murderer, etc…):

    “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”

    (By “the bourgeoisie” he meant what would in the U.S. be called “middle America”.)

    John Maynard Keynes (a Fabian and father of the form of economics promoted by Western governments today):

    “Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By
    a continuing process of inflation, governments can confiscate, secretly
    and unobserved, an important part of the wealth of their citizens.

    “Lenin was certainly right. There is no subtler, no surer means of
    overturning the existing basis of society than to debauch the currency.
    The process engages all the hidden forces of economic law on the side of
    destruction, and does it in a manner which not one man in a million is
    able to diagnose.”

    (Keynes, later Lord Keynes, was a wealthy elitist homosexual and infamously described himself and his friends “immoralists”.)

    The sad thing is that so many Christians seem to think that economics is unimportant, yet the Scriptures are full of teachings on money — on the importance for fair dealing, prompt payment of wages, punishing fraud, honouring agreements and using proper weights and measures. It should concern us to know how our money is now created, how historically we got to this state of affairs, and who is behind the whole scheme. Money is not something we should disdain to speak about. Indeed, Jesus Himself spoke a great deal about money.

    So, what’s the answer? Well, if money is going to become worthless soon, then it is obviously wise to exchange it now for something which will retain its value. Some have bought some precious metals, so that they have something of intrinsic value with which to buy food and provisions when paper money is no longer accepted. Some have bought food, or seeds and a plot of land on which to grow vegetables.

    These are sensible Joseph-type precautions, and may indeed enable Christians to help others if/when the currency does collapse. But Jesus also explained that there is a way of acquiring wealth right now which can never be corrupted or stolen or destroyed by our unscrupulous rulers. I often wonder to myself how I’d feel if someday in the future I were to wake up one morning and find that what money I had had been rendered worthless overnight. What would my greatest regret about that money be?

    My apologies for the length of this post — when I sat down to gather my thoughts, I didn’t intend to write an entire article! I hope it helps someone, anyway.

    • Andreia B

      Thanks, Paul for your thoughts! And, the reminders (quotes from old dead & gone despots). You’re so absolutely right! I have to add to this… the precious metals will be of no value (as stated for the end of the age of grace). People will trample their gold and silver because it will be of no value. I’d agree with the Joseph-recovery scenario if it were not for the fact that this will be the age of the revelation of both AntiChrist with his False Prophet (and minions) and Christ Yeshua Jesus (with His Holy Angels). The time is now upon us where we need to wake up those who believe that the next election in USA will get us all out of the mess. The fact is it won’t happen! What will really occur will be the ultimate sinister plans which we are witnessing since the start of the 1998 global recession! We haven’t been out of recession since AIG got their $$$ and Prudential, Shearson & others collapsed! More to come…I’m sure it will.

    • Christian Optimist

      Hi Doug, thank you for taking the time to construct such a detailed response. It definitely does help, and might I add, this is the first time I’ve ever received such an insightful response from someone of your intellectual caliber… For that, I cannot thank you enough. It’s not that I disagree (or could disagree) with anything you’ve stated above, I know the bible teaches about finances, and recently I went through the “Financial Peace University” course taught by Dave Ramsey… What I am still questioning though is whether or not the monetary system will collapse in value (before the rapture) due to an explosion of available capital circulating in the system… When the US was taken off the gold standard and converted fully to a ‘fiat’ model back in the 70′s, value in the US dollar did not diminish, rather it expanded… So that’s why I wonder if it could be possible that maybe since we are living in unchartered days of this era of global cooperation, more money will just provide more people with an opportunity to acquire wealth, while still maintaining the wealth of those who also follow bibilical principles… Again, this would happen only until the rapture occurs, afterwards, this “iniquitious” monetary system will collapse once and for all, as was prophesied in Revelation 18:18… Hopefully, I do not sound too naive, or as though I am just seeking to live with my head in the clouds, but for some reason, I feel rather than approaching an imminent financial collapse we, “the bride of Christ,” are possibly about to witness an unprecedented demonstration of God’s goodness, leading to the biggest and greatest of spiritual harvests in all history and thus providing a reason to be somewhat optimistic rather than somber about the current situation… In the end though, I guess only time will ultimately tell… Well, thanks again for your initial response, God bless!

      • Paul

        You’re welcome: I’m glad you found it helpful. And no, I don’t think you’re naïve: it’s difficult to say for sure exactly how things are likely to play out as we near the end!

        When the US was taken off the gold standard and converted fully to a
        ‘fiat’ model back in the 70′s, value in the US dollar did not diminish,
        rather it expanded…

        Nixon’s closing of the gold window was followed by the rise of the petrodollar — had oil sales not been dollar-denominated, the modern history of the dollar would have been quite different… Doug recently linked to a video about this (though I don’t agree entirely with the video’s premise, since it paints rather an incomplete picture of events).

        • Christian Optimist

          My apologies for referring to you as Doug… Thank you again, Paul, for the response… And yes, I watched the video Doug posted the other day. It was really good. Don’t think I’d made the comment you quoted above had I watched it prior to posting. To me although convincing, I still believe God will prevent a global financial collapse as a display of His great mercy, but again, I guess in the end only time will tell if He will take us out, or thru this mess.

  • shmuel

    I can understand the message bur are you aware that there is a curse word and hand jesture at the end of this movie?

  • Christian Optimist

    Hi Doug, what is your take on the prophecy about the end time wealth transfer? Could it be possible that this would occur prior to the rapture, enabling the kingdom to be magnified, and could it be that QE3 would be the mechanism used to accomplish such a feat? Perhaps we are at the beginning of a period of great wealth redistribution which will soon engulf the entire globe…

  • Richard

    There is no stopping this now. Ron Paul was the last political voice speaking truth concerning economic matters. No one wanted to listen so we will reap what we have sown. May God’s will be done.

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