INFLATION AND HYPERINFLATION

http://www2.sjsu.edu/faculty/watkins/hyper.htm

What has been, will be--there is nothing new under the sun. Above is a very readable rundown on the sheer magnitude of folly which men can bring upon themselves, at least in the economic sense.  As I wrote prior to this, the definition of inflation is not an increase in prices, (this is only the major “symptom” of excessive money creation), but an increase in the amount of “money” created, leaving behind any real value it may have had in precious metal backing, and increasing steadily until a terminal stage is reached called “hyperinflation”, because once the process is started it compels the perpetrators of this financial gimmickry to push forward until the money printing become exponential.  It is always the same process, and begins and ends in the same manner, as you can see by the outline given in the URL above. (print & read…) Our own Federal Reserve was created in 1913 for the very purpose of removing the precious metal backing of our money, thereby freeing them to print worthless “dollars” on an ever-increasing basis, for they know that once the music stops the economy will implode.  With this “new money” they create “bubbles”, for where is all that money to go? Knowing which bubbles they will create gives them a front-row advantage on the rest of us stooges who don’t know what to invest in. And when we export these worthless dollars to other countries like China, they themselves develop bubble economies, only later to collapse ala Argentina some years back. Comes the day when these countries realize that these worthless computer-generated dollars are beginning to stink to the high heavens and they decide that they just might want to trade with other currencies offering less devaluation of worth, as they begin to see our IOU’s being paid back with ever-decreasing value. Fool me once….  China recently announced it may have had enough, and some oil-exporting countries are looking to the currency of the EU (the euro), with which to denominate their international trade.  Looking back at the 1970’s, we see Nixon proclaiming that dollars would not be redeemable in gold or silver for international trade. That is when we started to print these worthless dollars with both hands, and today we know that this blizzard of confetti money has fallen like volcano ash all around the globe. Something just must be done or the global economy hits the dust. Pity.

         When no one wants our monopoly-game paper money any more, we then begin to see something that is not as fun as housing bubbles, or stock market bubbles.  The dollars coming home to roost here from abroad will result in we ourselves seeing an increase in prices as the value of the dollar falls.  There is much being made on the news right now about the increase in the price of gasoline. We are told “not to worry”, other things haven’t increased in price, like toothpicks. And the public is kept from the true nature of these things and given the impression like in the l970’s that it is the “obscene profits” of the oil companies.  Wait. Where’s the part where when we went to war with Iraq, the price of oil was supposed to fall? Just more lies, as usual.

       The book of Revelation shows the black horse whose rider holds “scales” and we know that God hates unjust weights and balances.

This horse is the horse of HYPERINFLATION, and we are just beginning to see these things. The middle class is destroyed in hyperinflation, for they have stupidly believed the lie that “a little inflation is good” (which they teach in our universities to MBA’s), and trusting in this, go on out and borrow monumental amounts of money. This pretty much finishes off that group of people, and only the rich and the poor classes are left; hence, the rich have their oil and wine but the poor work all day for a loaf of bread.   No middle class here.  Later at the great earthquake, we find the dens and caves heavily populated by the “kings, the great men, the rich men” and then those who are called bondmen and free men (slaves). No middle class here either.

         Anyway, so that you may see what our future holds on a global scale, the above article is most enlightening. In God’s law, He imposed a jubilee year every fifty years so that debts could be wiped out, slaves set free, etc, and lands redeemed, the result being that the usurers would cease to loan money or create funny-money debts, some few years prior to this jubilee “adjustment”, and the economic cycle begin anew with the young being able to participate. (see how our “young” are laden down with college debt and credit card debt even before they step into their first job). Failing man’s attention to God’s law, in fact God gave us a natural economic cycle of about 50-60 years called the Kondratief wave which works to bring down the excesses of the prior years into deflation. But the current lords of the coin-of-the-realm have answered this natural and timely urging, by printing trillions of trillions of worthless dollars in an attempt to stave off the inevitable.  In 1966 our own Alan Greenspan was a rational thinker and saw the value of gold backing to a currency; that is, until he prostituted himself to the merchants of the earth, and sold his soul to the cause of hyperinflation……for in 1966, we read this quote of his:

Alan Greenspam, 1966:

"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."

Shortly after this revealing statement he was outed as “one of them”…………………Hhhhhhmmmmmmmmmmmm          Expect more of the same, until our Lord comes to free us from this too.                            

Your sister,

Arlene