Wilfred Hahn is an EXCELLENT Economist.....and is also an
End Times Believer!! I have always read his stuff with
great interest, now for years!!
(this is SOOOOOO much better than a website like:
"before its news!!" lol...)
QUOTE:
All the same, all central
banks have one most powerful ability. Technically, they
can “create” money out of thin air. Think about this for a
moment: You the reader, and this writer, can only
accumulate money through earnings and investment gains. We
cannot lawfully create money; perhaps adding zeros to our
bank account, or printing counterfeit notes. However, a
central bank can effectively redistribute the existing
savings of the entire country (and, we should add, the
whole world) by creating more money.
AND>>>>>>>>
Richard W. Fisher,
head of the Federal Reserve Board of Dallas, (one of the
few realists in the U.S. Federal Reserve System, and a
man who has the courage to recognize the facts) said the
following:
“The truth, however, is that
nobody on the committee, nor on our staffs at the
Board of Governors and the 12 Banks, really knows
what is holding back the economy. Nobody really
knows what will work to get the economy back on
course. And nobody—in fact, no central bank anywhere
on the planet—has the experience of successfully
navigating a return home from the place in which we
now find ourselves. No central bank—not, at least,
the Federal Reserve—has ever been on this cruise
before.”
The ability to
“create” unlimited money (either technically,
temporarily, or permanently) is a most powerful
weapon. Yet, it remains that governments cannot alone
create wealth or growth. They can most certainly delay
the consequences of bad policies. But they cannot
prevent the ultimate damages of past excesses.
Ultimately, all destruction of productive capital will
come to roost, though it results may be diverted for a
time.
AND.....
Nevertheless
the human has always been prone to believe “get rich”
schemes. In this sense, modern-day central bankers
delude themselves as well as all people who put their
hope in them.
There is no thing as a
free lunch. Similarly, there is no such thing as
costless, fabricated money. Ultimately, all money is
owned by someone or some entity. When money is created
fictitiously by the stroke of a pen, it may seem
effortless, but it is not free. Overtime, it causes
painful societal distortions, economic dysfunctions and
uneven wealth distribution. It all leads to (or is
symptomatic of) increasing distrust and lawlessness at
many levels.
Yet, for the time being,
the world chooses to believe what it wants to believe.
In the same spirit of the Old Testament Israelites, the
world says “Give us no more visions of what is right!
Tell us pleasant things, prophesy illusions” (Isaiah
30:10).
The conversion
of the whole world to the gospel of “infinite money”
is near complete and fully integrated globally. The
entire world is its host — its prey. It is a
phenomenon that has swept the globe in a very short
space of time … these being the very last of the
last days. You can be sure that such conditions, as
are born out of a corrupt monetary system as we see
today, will play a defining role in leading the
world to its foreknown destiny as described in the
Bible.
WOW.....RIGHT
ON!!
WHAT
HE IS SAYING IS.......TICK TOCK !!
(EXACTLY!!!!) But he says it so much
better than I do!! lol.....
SO
TRUE.......
ALL
THE dominoes are ALL LINED UP!!
Whether
it's the world's economies....or
the
war about to happen in the Middle East.....
TICK
TOCK BABY!!
YFIC,
Randy
PS......so,
I am now seeing in writing by other people some of
the same quote I HAVE BEEN posting about now for
some time, such as:
1)
The World economy....and the use (recent post) of
the nations' central banks to create money and
rescue most every nation on earth!! BIG
problem one day...for sure!
2)
That the US government has simply "kicked the can
down the road" as it relates to solving ANY of the
nation's BIG Debt/economic problems...
3)
The War in the Middle East is VERY VERY NEAR!!
Either Israel and/of the US will be going after
Iran...by when? I think before the end
of June, 2013 !!
4)
Even the quote from (senior moment) the French
guy in the early 1800's who said "The Unikted States
will be a great country...UNTIL the elected
officials figure out they can stay in power by
giving the people MORE and MORE ..... (bad
memory on this quote, but you have seen me write it
before. (ah, his name is De'toquville )
TICK
TOCK!