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Posts Tagged ‘us dollar’

Two key headlines that have cleared recently regarding the US Dollar and end times prophecy.  China and Russia have agreed to do business in their own currencies as opposed to US Dollars.  And here recently Ecuador is establishing a new “digital” currency that will be used “alongside” their current paper currency, which is? The US Dollar.

Remember, the darker it gets, the brighter and farther our little light shines!

Maranatha, Lord come quickly!

myblessedhope

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De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar
Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan.

Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble
Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world. In a new announcement from the Russian business media source, Kommersant, Gazprom has conducted the first sale of oil in a currency other than the dollar, and will henceforth open their purchase window to accept both Roubles and Yuan for the exchange of oil and gas products.

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Ecuador gives details of new digital currency
The Ecuadorean government has released more details of its plans to create what it calls the world’s first digital currency issued by a central bank. Central bank officials say the electronic money, as yet unnamed, will start circulating in December. The new money will be used alongside the existing currency in Ecuador, the US dollar.

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Other “crisis” looming to inact change:

Two experts warn correction could total 60%
…A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline…When this happens, he said, markets will face a “period of extreme turmoil.” This crash will be precipitated, he said, by a disillusionment with the Federal Reserve’s “confidence game,” which will then see inflation rise, and the Fed scramble to raise rates. At that point, Tice added, “the Fed starts to lose control.”

and

http://theeconomiccollapseblog.com/archives/if-economic-cycle-theorists-are-correct-2015-to-2020-will-be-pure-hell-for-the-united-states

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In Romans 10 Paul lays out how salvation is open to all, Jew and Gentile.  He writes:

“For Christ is the end of the law for righteousness to everyone who believes.” – Romans 10:4-5

What he is saying is now it is not about works or how closely to a “T” you follow the law.  But that it is through God’s gift of grace through faith in His Son, Jesus Christ.  It is really that simple, and yet a hard step for some of us.

“That if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved.” – Romans 10:9

Christ is the narrow gate (Matthew 7:13-14), through faith in Him you will be saved.  It is the only “works” that God requires for eternal salvation.

It is The Gospel of Jesus Christ.  To learn more check out the following link.

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Looks like the final dominos may be dropping for the US dollar as the world reserve currency.

It is definitely stage setting for the single world currency and the mark of the beast.

Several nations have already decided to go cashless for their national currency.

I am sure if “they” elect to go for a single world currency that they would go cashless.  It gives better control.

Prophecy aside, it will be horrible for the US if this happens, we will see inflation take off as our dollar is devalued rapidly, no one will have a need to hold US dollars in reserve to buy the oil they need.

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More discussion on the future of the dollar and global currency….

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Dollar at Risk of Becoming ‘Toxic Waste’: Charts

The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.

“If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a little bit of minor panic,” Griffiths said. “A year ago it was deemed too cheap, if it goes any lower than that it’s actually become toxic waste.”

(more…)

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