When economic forecasts from highly respected economists confirm prophetic warnings, I think it’s time to pay attention. Yet, much of the Church rejects prophetic warnings, even mocking them by calling them gloom and doom.
I even heard one well known false prophet recently accusing another ministry of doing the work of the devil simply because they were warning of potential trouble ahead. On his YouTube channel, he was accusing this ministry of traumatizing people, which he claimed is the work of the devil, even though the Bible is filled with examples of God warning His people of trouble, from Genesis to Revelation. Ironically, Satan is the accuser of the brethren, so this man was the one doing Satan’s work. (Revelation 12:10)
Contrary to what the false prophets are claiming, God is warning His people of severe trouble ahead, but very few seem to be listening. Millions prefer to believe the lie that it’s all blue sky ahead with candy canes and unicorns for everyone.
In a May 19 interview on Greg Hunter’s USAwatchdog.com, economist Martin Armstrong explained why the dollar will continue to gain value until it ultimately causes a reset of the world monetary system no later than 2020 or 2021.
Although I was not shown when the reset will happen, his forecasted collapse of the world monetary system confirms what I saw in a dream on July 7, 2014 (see complete post). I saw all nations gathered together in a large assembly hall with separate tables for each nation. I watched as the representatives seated on one side of the U.S. table suddenly stood up, which caused a lot of commotion throughout the hall as other nations were yelling for them to sit back down. Then the representatives seated on the other side of the U.S. table, whom I could not see, pushed the table over, knocking down all the men who were standing. The edge of the heavy table landed on their chests, pinning them to the floor and no one came to help them.
Then across the other side of the hall, the representatives from China all stood up from their table and stomped out of the hall yelling, “We will declare war!”
At first, I did not understand the meaning of the dream, but later concluded the men standing at the U.S. table represented the U.S. dollar standing tall among all other currencies, gaining value. The strong dollar caused great commotion throughout the hall because it’s the world’s reserve currency, which means other nations are required to hold dollars on reserve to conduct International trade. Many International loans are also denominated in dollars. As the dollar gains value, other nations are forced to pay more for imported goods and for servicing their debt. That explains why the hall was filled with commotion and yelling, demanding the men to sit down.
I believe the table getting pushed over symbolized breaking the world monetary system, causing a financial crisis. The crash was preceded by the men refusing to sit back down, representing the dollar refusing to be devalued, which is exactly what Martin Armstrong is now forecasting.
The hidden men seated on the other side of the U.S. table intentionally pushed the table over. They were hidden from my view because they operate in the shadows, hidden from public view. They were not elected representatives, yet they had total control over our currency and our monetary system. You won’t hear anyone talking about them in the mainstream news media. Anyone making mention of them is persecuted, branded as a conspiracy theorist, even though it’s a historical fact Congress passed the 1913 Federal Reserve Act, giving control over our currency to a private bank. Contrary to their deceptive name and their .gov website, the Fed is not and never has been part of our federal government. They are hiding their true identity and their true intentions because they do not represent the interests of the American people and they understand if the American people knew what was really happening, the public outrage could threaten their control.
The following provides a transcript of some of Martin Armstrong’s comments. The whole interview is shown in the video at the bottom of this post.
The dollar going up is what breaks the back of the world monetary system, so a lot of these people who keep calling for the dollar to crash for gold to go up or something, I just laugh at them because the world monetary system is going to do great if the dollar goes down. Everybody is going to be borrowing more and say this is fantastic. It’s only when the dollar goes up that we get things that break. That’s why the dollar went up during the great depression and what happened? FDR confiscated gold and devalued the dollar. And the dollar went up into 1985 to record highs at that stage. What did they do? They held the Plaza Accord to devalue the dollar by 40%. The U.S. always wants the dollar down. You know, it’s just not going to work that way.
Dollar going probably up pretty strong into 2020 or 2021 at the latest. That’s what’s going to break the monetary system.
The dollar is the reserve currency because it’s the only place to park money. People keep talking about the U.S. debt at $20 trillion, but global sovereign debt is over $200 trillion. The U.S. basically is holding up the whole world and U.S. debt is why it’s the reserve currency. Europe couldn’t make it because they would never consolidate the debt. You have to go to Germany to buy debt or Italy, Spain, etc. They’re all separate still.
The dollar is not going to crash. It’s impossible. There’s nothing on the opposite side to compete against the dollar. China is not fully free yet. Japan is a joke. They’ve been buying 97% of their own auctions. It’s really a complete mess. There is no competition to the dollar.
The dollar is not even a petro currency. That is an absolute falsehood. If you take the energy (sector) and compare it to global GDP, you’re talking about 7%. I don’t care if you want to price it (oil) in Turkish Lyra, it’s not going to change the dollar.
What’s going to happen is the whole thing is going to break and the Federal Reserve has to become the central bank of the world by default. Now, politically behind the scenes, you have to understand the Fed wanted to start raising rates in 2014. They waited until the last quarter of 2015. Why? Because emerging markets were saying, “Please don’t do this.” The IMF was lobbying them. The ECB said, “If you raise rates, all our banks, it’s going to be difficult.”
So, you had (former Fed Chairman) Janet Yellen kept coming out and saying, “Listen, we have to normalize interest rates” because you have all the pension funds that need effectively 8% going bust. So, you have a pension crisis coming, which the central banks have created. The Fed understands this and keeps trying to push interest rates up and everybody is screaming. So, the Fed has lost the power to actually control the domestic economy. It’s lost domestic power to International. And that’s what I mean. It’s become the International reserve currency and central bank because everybody else is lobbying and saying, “Please don’t raise your rates because then we get hurt.”
So, I would say by 2020 or 2021 you’re going to see a currency reset, but it’s going to be something like Bretton Woods or something along those lines.
If you chart GDP growth for the last 20 years, you see it’s in a bear market. It’s been declining steadily. Now they say 3% GDP growth, they’re like celebrating. The economy, the economic growth per se is in a declining mode out to that period (2020 to 2021). Not just us, that’s the whole world. Even China is going through it.
The bond market is going down. We’ve already started into it.
You have ten year Italian and Greek bond rates below that of the United States. It’s a completely manipulated market, but you have to understand, that both Japan and Europe have destroyed their bond markets, completely utterly destroyed them. They are the buyers. That’s it. There are no pension funds that can buy ten-year paper at 1.3% when they need 8% to break even. They’re locking in a ten-year loss. They can’t do it (can’t buy government bonds). We’ve been helping major, major funds shifting into equities because that’s the only place they can go. There’s nothing else. You can’t go into the bond side.
Once you start seeing the cracks in Europe, you’re going to see interest rates rise faster than you have ever contemplated in your life because there’s nobody in their right mind who can buy a ten-year Italian bond at 1.3%. It’s just not going to happen. Once the ECB is forced to stop (manipulating), those rates are going to jump to 10%, instantaneously. So, just be practical here. I mean, who’s going to buy it? Nobody’s been buying it. The bond markets have been utterly destroyed. Once it starts to crack, that’s it. They’re gone. What will finally make everybody realize it is cracking is simply when you start seeing the rates going up dramatically and the ECB is at a point where it just can’t buy any more.
In the United States, basically, more or less, we’ll see the same thing like what happened in the great depression. What made it so great, per se, was the fact there was a sovereign debt crisis in 1931. You can read Herbert Hoover’s memoirs. He said, “Capital acted like a loose cannon on the deck of a ship in the middle of a hurricane. It went from one currency to the next. They couldn’t figure out where it was going next.”
All of Europe basically defaulted, except for France. Britain went into a moratorium, suspended all debt payments. That’s why the dollar went up. That’s why FDR confiscated gold. We were on a gold standard at the time, so he had to confiscate gold to devalue the dollar. We’re not on a gold standard today, so they’re not going to go around confiscating gold and knocking on people’s doors. That’s not necessary, but the capital has no other choice, but to come here (to the United States). So, the bulk of it you’re going to see is probably going to rush into the stock market and your key will be looking at the Dow. The Dow will be when it’s foreign capital.
The price of gold will go up when you start to crack the whole monetary system. What made gold go up is it’s a hedge against government. You have to shake the confidence in the average person, not the people who just buy gold. They’re always going to buy gold. You can tell them not to buy it and they’ll still buy it. That’s not the issue. The issue is when the average person on the street starts questioning the survivability of government.
So, it’s a question of confidence and only when you start seeing the governments crack, when you start seeing Europe crack, etc., then you’re going to see the rise in gold, but gold otherwise, it’s facing a strong dollar at this point. It’s not ready to break out.
Gold is going to still go down as the dollar goes up, but the timing of it, the real big rally in gold will probably come after 2020 to 2021. When people begin to see it’s a sovereign debt crisis, that’s when gold will start to kick up its’ heels a little bit and hold on, but right now it’s like a big yawn. It’s like watching paint dry.
I cannot confirm the dates identified by Martin Armstrong, 2020 or 2021, but I believe it’s possible based on many prophetic warnings about those years. I believe the coming reset of the world monetary system will have a major impact on the lives of every American citizen, and will be felt throughout the world, which explains why God wants His people to know what’s coming before it happens.
My dream continued after the table was pushed over. In the next scene, I saw a certain ETF, called FAZ, shoot up like a rocket. I tried to call my broker, but there was so much commotion in the markets, I was not able to get through. FAZ moves up when the financial sector moves down, so FAZ skyrocketing confirms a collapse of the financial system.
After I received the dream, I thought everything I saw would happen within the next few weeks, but after a few months, nothing had happened, so in October 2014, I finally asked God when would it happen. Immediately, I heard Him speaking to me in my spirit, “It will come next year during a time of increased tensions between the American people.”
When He said that, I thought He meant everything I saw would be completed the next year, which was 2015, but He didn’t say that. He only said, “It will come…” and it did come, at least the start of it came in 2015. By the start of 2015, the dollar index had soared much higher and even today it still remains much higher than it was in 2014. By the end of 2015, the Fed started raising interest rates, which they had held artificially low since the previous financial system crash in 2008. Since then, they’ve continued raising rates and have promised more rate hikes are coming.
What Martin Armstrong is warning is based on practical common sense. There are limits to how long the Fed can keep rates artificially low because ultimately the market dictates what the true rates should be, and we’re quickly approaching those limits, which is why they’ve been forced to start raising rates. Higher rates would not be such a big deal if our government operated with a balanced budget, but it’s a very big deal when they’re carrying unprecedented $20 trillion in debt.
As he pointed out, we are feeling the impact of years of artificially low interest rates. Investors cannot afford to tie up their money in government bonds when rates are only 1.3%. Private pension funds lose money on the trade. The Fed cannot ignore these market forces forever because eventually they become the sole buyer for U.S. treasuries, which is already happening in Europe and Japan. Artificially suppressing rates is a dangerous game that puts the whole system at risk because eventually, citizens lose confidence in their government’s ability to manage their budgets. The shadow figures seated at the U.S. table cannot allow it to get to that point because they know that means game over.
I believe these warnings should be taken seriously. Hopefully, Christian leaders will take their heads out of the sand long enough to stop attacking God’s messengers and start paying attention to His warnings.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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