Article By: Church of God News
A reader sent me a link to a video about something called ‘Project Prophecy’ & the view of a former participant, Jim Rickards (who says he once worked for the CIA) who believes that the USA is going to end up w/the collapse of the USA dollar as the world’s reserve currency & that it is subject to a 25 year depression. He also advocated books, lectures, a newsletter, & other things that I did not purchase, nor am I promoting them here. [View video here: http://pro.moneymappress.com/MMRBS495LG/PMMRR271/?iris=267040&h=true]
Here is something from the video’s introduction by Steve Meyers:
*Recently, all 16 branches of our Intelligence Community have come together to release a shocking report.
*These agencies, that include the CIA, FBI, Army, & Navy, they’ve already begun to estimate the impact of the fall of the dollar as the global reserve currency & the end game could be a nightmarish scenario, where the world falls into an extended period of global anarchy…1 that will ignite a 25-year Great Depression.
Today, we’re going to examine everything he’s uncovered bc the bedlam could begin w/in the next 6 months. Here is some information from a related website about ‘Project Prophecy’:
Project Prophecy was to develop a system or systems that could in effect foretell a terrorist act in the United States or world wide by looking for anomalous stock market trades that would profit heavily by betting on an unforeseen (to most) terrorist event to occur. For instance, if a peculiar or odd amount of trades were placed saying that the stock of a particular cruise-ship company was going to go down dramatically, the U.S. government could place assets & surveillance on the ships etc. of that company to be on the lookout for terrorism, & hopefully stop the act before it was able to be executed. Also, by tracing back the questionable stock market trades, the government might be able to see who knew what at what time & perhaps track down the responsible terrorists in this fashion. Get the idea?
Project Prophecy Is Shelved
Jim Rickards & the team working on Project Prophecy were successful. They built a system that monitored 100s of stocks & companies that they considered vulnerable to terrorist activity & financial gain. In fact, the system they built predicted the thwarted attack on an American airline company which was quashed by New Scotland Yard. The terrorist’s ostensible plan was to blow up a few international flights, the 1s w/the most Americans on board. While Project Prophecy was not a part of stopping the attack, the data & corresponding happenings did show that their thinking & programming was working. Unfortunately, as you might expect, the very government that envisioned, conceived, planned, paid for, & executed Project Prophecy, shelved project Prophecy. Not bc it did not work, but perhaps bc it worked too well.
Project Prophecy Breathes Again, But Under A Different Name
Project Prophecy was resurrected after a time. This time it was known as MARKINT. MARKINT was a derivation of project prophecy. However, rather than focus narrowly on terrorist activities, MARKINT used technology to track nearly any kind of trade that might be harmful or be seen as financial warfare in the markets. After all, the U.S. government realized that financial warfare, or currency warfare, was the new battlefield, & they needed intelligence. [http://www.itmtrading.com/why-invest-in-gold-part-three/]
The video itself has a screen showing symbols of 16 US government agencies w/intelligence branches that Jim Rickard says are concerned about the impact on the USA if the dollar ceases to be the world’s reserve currency. Another screen shows the statement, “THE FALL OF THE DOLLAR AS THE GLOBAL RESERVE CURRENCY.”
Jim Rickards states that 1 or more US government agencies are “lying to us” & that the economy is in much worse shape than government officials let on or that many politicians truly realize. He explains why there could be a 25 year depression, based upon historical information & charts & current information & charts. He claims that, “Debt is now destroying economic growth.” Actually, it is worse than that. Debt accumulation is setting the USA up for destruction according to biblical prophecy.
The Bible teaches the following:
“Behold, therefore, I beat My fists at the dishonest profit which you have made, and at the bloodshed which has been in your midst. Can your heart endure, or can your hands remain strong, in the days when I shall deal with you? I, the Lord, have spoken, and will do it. I will scatter you among the nations, disperse you throughout the countries, and remove your filthiness completely from you. You shall defile yourself in the sight of the nations; then you shall know that I am the Lord. (Ezekiel 22:13-16)
43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed because you did not obey the voice of the LORD your God, to keep His commandments and His statutes which He commanded you…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52)
It is the the United States & its Anglo-allies that have loaded pledges of debt in these end times that they really do not expect to pay back. In that respect they have recently plundered many nations. And while much is owed to nations such as China, Japan, & the Arab World, the Europeans have trillions of dollars invested in the USA–money they may be disappointed to have devalued. Enough so that they may divide the land among themselves & other creditors (cf. Daniel 11:39; Habakkuk 2:6-8). Others have suggested that the dollar would collapse, die, &/or cease being the world’s reserve currency.
Here is a summary of an earlier report I saw related to Jim Rickards:
*Rickards says “the dollar’s demise will take 1 of 3 paths”…
(1) World money
(2) A gold standard [As far as gold goes, we have an article on that titled The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?]
(3) Social disorder [Yes, social disorder & the Great Tribulation will come.]
Getting back to the video, Notice the following:
JIM RICKARDS: There’s now concern in different branches of the U.S. government… Historically in Washington, the Treasury & the Fed take care of the dollar. The Pentagon & the Intelligence Community take care of other threats, but what happens when the dollar IS the threat?
Americans generally know that:
– The Fed has increased the money supply by $3.1 trillion.
– We have $17.5 trillion of debt.
– We have $127 trillion of unfunded liabilities. What are those?
Medicare, Medicaid, Social Security, student loans, Fannie Mae, Freddie Mac, FHA. You go through the whole list & it goes on & on. There’s no way to pay it. Debt can no longer be used to artificially grow our economy.
You know, when I use the phrase 25-year depression, it sounds a little extreme, but historically it’s not. We have enormous distress, but it’s being hidden in different ways. The unemployment rate today is actually 23% when you calculate it the right way.
We all know that the Treasury has issued over $17 trillion worth of debt, the question is who buys it? A lot of U.S. debt is owned by foreigners. Who owns it? China, Russia, other countries…Countries that are not necessarily our friends. But they can dump it when they want to. Who is going to buy all this debt? Well, a mystery buyer has shown up.
Recently, Belgium has bought enormous amounts…In the 100s of billions of dollars of U.S. government securities [http://pro.moneymappress.com/MMRBSSH39/EMMRQ882/?email=Y2EFAN1%40yahoo.com&wemail=mm&a=8&o=68452&s=72279&u=608877&l=395940&r=MC&g=0&h=true]
As far as debt goes, the Bible teaches that debt will lead to destruction of a major debtor in the time of the end:
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man… 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you. Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).
The largest debtor nation of all-time in human history is the USA. The video also cited US Senator Rand Paul:
SENATOR RAND PAUL:
– Jim Rickards notes the Fed is insolvent on a mark-to-market basis.
– The Fed has wiped out its capital on a mark-to-market basis.
– Of course, the Fed carries these notes on its balance sheet at cost & does not mark them down to market. But if they did, they would be broke.
The video also advises gold: A lot of people look at the dollar & say, “Look, you may not like the dollar, you may worry about the dollar, but you’ve got nowhere else to go.” But there is another place to go, which is gold. You don’t have to buy treasuries, you can buy gold.
And countries are actually doing that.
Jim Rickards then mentions the belief that the International Monetary Fund has a 10-year plan to replace the US dollar as the world’s reserve currency: It’s a 10-year plan to replace the dollar as the global reserve currency. The IMF released a report this year, it was called – & get this title – “The Dollar Reigns Supreme By Default.”
And here’s a direct quote…“The aggressive use of unconventional monetary policies by the Federal Reserve, the U.S. central bank, has increased the supply of dollars & created rifts in the financial system. The dollar status should be in peril.”
A lot of people think that the dollar will prevail bc there are no good alternatives. That’s not true. The dollar is declining sharply, as a % of total global currency reserves. Imagine if that continued:
– The euro comes up.
– The Federal Reserve has a printing press, they can print dollars.
– The European central bank has a printing press, they can print euros.
– The IMF, the International Monetary Fund, has a printing press too. They can print something called the Special Drawing Right, or the SDR for short. These SDRs can come along as a new reserve currency. The reason they came up w/the name Special Drawing Right is bc if they called it “world money” that would sound a little spooky & scary. But that’s exactly what it is.
Here’s the point: This may be a 10-year plan. We’re not going to make it 10 years. This collapse will happen a lot sooner than that. So they’re going to have to dust off this playbook & run out these SDRs & print trillions of them to prop up the system. As far as world $ goes, many nations are working towards a world currency & the end of the US dollar as the world’s reserve currency. The USA dollar ultimately will be destroyed.
After saying that an economic crisis would come, Jim Rickards also stated: The best way to handle the dollar’s fall & this is what I focus on in the briefing – is to invest in the euro. What people have to understand is the euro is not an economic project. It’s a political project. And if the political will is there, directed from Germany, the euro is going to hang together.
While neither gold nor the Euro are the best possible investment, as 1 needs to take care of 1’s spiritual life 1st, the reality is that the USA dollar will collapse. But I will add that I expect gold to go up & down & that the Euro may have a crash or 2 of its own. The Euro could possibly be replaced w/something else or augmented w/other international currencies. Notice that physical riches are not the answer:
Riches do not profit in the day of wrath, But righteousness delivers from death. – Proverbs 11:4
He who trusts in his riches will fall, But the righteous will flourish like foliage. – Proverbs 11:28
Come now, you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten. Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days. – James 5:1-3
Command those who are rich in this present age not to be haughty, nor to trust in uncertain riches but in the living God, who gives us richly all things to enjoy. Let them do good, that they be rich in good works, ready to give, willing to share, storing up for themselves a good foundation for the time to come, that they may lay hold on eternal life. – 1 Timothy 6:17-19
But getting back to the USA, the admitted debt (not counting the $ created through the quantitative easing programs) is so large that if interest rates rise to the place that they were in the USA in the early 1980s, the USA would have difficulty even paying the interest on the debt it has been accumulating. This will tend to cause interest rates to further rise & contribute to hyperinflation. The economy of the USA will ultimately collapse & its leaders keep taking steps that will set it up for a fall (a fall which might come on the heels of ‘natural disasters, terrorism, emp, gmo & other crop failure, etc.).
The USA is in so much debt that the time for its economic collapse (Habakkuk 2:6-8), then military conquest (Daniel 11:39) will come to pass. It will be worse than people such as Jim Rickard realize. Here is a link to a related video: Project Prophecy: Economic Collapse Starting in 2015? [https://www.youtube.com/watch?v=KxDSKfw2zrk]
View full article at: http://www.cogwriter.com/news/prophecy/project-prophecy-25-year-depression/