There are several articles linked below that cover a decision the Federal Reserve made yesterday and the fall out from it. The Fed is looking to spur growth by buying government debt. This is also called “monetizing” our debt, which is basicly the right hand buying from the left hand. The Fed prints the money to buy our own governments debt and then charges us interest on it. Not a good situation to be in.
You may ask, “how did we get to this point?”, well it is pretty simple, we spent more than we had available and have promised more than we could possible deliver on.
I think the following four articles do a good job running down the implications of our situation. We are bankrupt.
How does this tie into prophecy? I will lead to our the colapse of our country and probably the world economy, which will allow for the rise of One World Government and One World Currency. At a minimum, I think the life of the US dollar is very short. The key is we need to prepare, get out of debt, diversify our investments, and stockpile some food and durable goods.
Feds decision to monetize debt
America Is ‘Bankrupt Mickey Mouse Economy’
myBlessedHope 