When China and Russia did it back in 2010, the move to use their own currencies for bilateral trade rather than the dollar was a choice spawned by the deteriorating value of the US dollar – or so they said. Then in 2011, the UN the IMF and China began to insist in unison that the dollar needs to be replaced as the world reserve currency. Never mind that a portion of the money of US citizens gets contributed to the IMF in the form of tax dollars, and those US dollars are helping to bailout euro zone countries that are part of a faulty currency.
This while IMF head , Christine Lagardetells the world in a speech she gave in Berlin that a larger bail-out fund is needed to keep the larger euro zone countries of Italy and Spain from economic Armageddon, according to Financial Times.
As for this year’s newest countries to jump on the boycott-the-dollar bandwagon, Iran and India have agreed to trade oil for gold, according to ForeXCrunh Given the fact that the EU just slapped an oil embargo on Iran on Monday which is anticipated to go into effect in July, one might consider the notion that the Iran-India agreement is an act of economic warfare aimed at the US – although July isn’t particularly close at this time. Even so, the chain of events will make Tuesday’s vote by Fed officials regarding a QE3 for the US interesting to note. Especially since Reuters reported that the Space Weather Prediction Center believes that a massive solar flare is very likely to impact the earth’s magnetic field on Tuesday and could potentially disrupt power grids and satellite operations. Interesting timing, isn’t it?
Meanwhile, George Soros, the man who, according to WND, may very well be financing the Occupy Wall Street movement, is predicting that the Occupy Wall Street movement would hit a new level of violent. Soros apparently believes that the movement will eventually spawn a riotous anarchy that will, “be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”
Soros added that, “We’re facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Of course if a complete collapse were to happen, what a convenient crisis for the implementation of a One World Bank Regulatory system and a complete New World Order/ One World System.
That being said, every vote truly matters for the 2012 election. America is a nation at a crossroads that desperately needs the intercessory prayers of all of God’s people, and a discerning Christian voting population that will actually vote someone into office who will boldly stand up for positive values in this nation and uphold the foundation of our nation’s Christian heritage.