A reader sent this link, and I’m passing it on to everyone as it has important ramifications. This British media source reports that a growing number of nations are working together behind the scenes to end the global reserve currency role long enjoyed by the U.S. dollar. Specifically, these nations are planning to transition into a new economic system where oil is no longer priced in U.S. Dollars, but rather in a “basket of currencies” plus gold. This is huge news as it would knock the U.S. Dollar off its perch as the dominant global currency, and this would have serious (and negative) implications for the domestic U.S. economy and the USA’s ability to project military power. This link reports that a nine-year transition period is planned for this action, but that seems like an awful long timeline in my view. It could also happen as soon as the next global economic crisis for all we know.
The nations named in this article as being involved in the effort to downgrade the U.S. Dollar’s role in international commerce are China, Russia, Japan, France, Saudi Arabia, Abu Dhabi, Kuwait, Qatar, Brazil, and India. Iran is also cited as announcing that it will switch its oil trades to being priced in Euros instead of Dollars. Germany has also been named as a nation wanting a new and more stable currency unit than the US dollar. Given Prime Minister Angela Merkel’s open criticism of the U.S. Federal Reserve Board recently, I’d certainly put Germany in this list of nations. That totals 12 nations as being named in this article, but we can be sure that other nations are involved in this effort as well. All nations are deeply affected by the debauching of the U.S. Dollar that is being done by the U.S. Treasury Department, the U.S. Federal Reserve Board, the White House, Wall Street and Congress. When/if the U.S. Dollar falls precipitously on world markets, the American government, the Fed and Wall Street will have no one to blame but themselves due to decades of reckless overspending, creating public debt levels which many have called “unsustainable,” etc. China is especially bold in asserting that confrontations are coming. China’s former special envoy to the Middle East warned bluntly that “bilateral quarrels and clashes are unavoidable.” Did he mean economic/monetary clashes or military clashes? We’ll eventually see as world events unfold.
This will have huge implications for the U.S. general public. When the dollar falls, it means that foreign-produced goods and commodities (such as oil) concomitantly rise in price. If the U.S. dollar falls a lot, it means the prices of foreign-made goods and commodities (such as oil) will rise a lot. The American voters are not at all ready for this to happen, and they will be very unforgiving toward their elected politicians when it occurs. That is why one can expect the U.S. establishments to oppose these dollar-replacement efforts. The report that gold will have a role in a new “basket of currencies” unit also indicates that many nations are getting disgusted with the endless manipulations that characterize the fiat currencies of the modern world.
As readers of this blog know, I identify the current global economic/monetary system as the globalist system of international commerce called “Babylon the Great” in Revelation 17 and 18. Revelation 17:9-16 prophesy that a group of nations called the “seven heads and ten horns” will overthrow the current globalist system and create a new one more to their liking. The new global system is called the “beast” system in this prophecy, and it will reign for “42 months” (Revelation 13:5) before Jesus Christ/Yahshua returns to destroy it (Revelation 19:11-21). We are clearly drawing closer to the fulfillment of this prophecy about the downfall of the current world economic system and the emergence of an eventual “beast” system. A war in the Mideast along with a new currency unit for pricing oil trades would dramatically change the world as we have known it. We may not like to face the hard truth, but the currency unit of modern “Babylon the Great” is currently the U.S. Dollar (and the British Pound Sterling is closely linked to it).
God gave the USA and the British Empire dominance over the earth in the 20th century. As readers of my books and articles know, The USA and the British nations are mostly the modern Israelite tribes of Manasseh and Ephraim, who were given a global “birthright” in Genesis 48-49 to be a great nation and a company of nations in the latter days. God kept his word and gave our the Anglo-Saxon nations these global “birthright” blessings. However, our nations have abandoned God, his laws and sound economic practices. In doing so, we have squandered our national birthrights, and the penalties for doing so will not be pleasant.