China and New Zealand discussing trade without US dollars!

Chinese Renminbi Yuan

China keeps taking steps to eliminate the US dollar as the primary reserve currency in the world:

New Zealand and China are in talks about making their currencies directly convertible, aiming to reduce costs as trade between the two countries is targeted to surge 33 percent in the next two years.

The talks were initiated during New Zealand Prime Minister John Key’s visit to China last month, his spokeswoman Lesley Hamilton said by telephone yesterday, confirming an earlier report in the Wall Street Journal. The negotiations are in an early stage and are progressing without a specific timeframe, she said…

New Zealand’s exports to China jumped 32 percent in the first quarter, surpassing shipments to Australia for the first time…Direct trading between the yuan and the Australian dollar began last month, making the Aussie the third currency to be directly convertible with China’s, following the U.S. dollar and the Japanese yen. http://www.bloomberg.com/news/2013-05-26/n-z-china-may-allow-direct-currency-conversion-to-boost-trade.html

WELLINGTON, New Zealand—Seeking to help its exporters, New Zealand is negotiating with China to make their currencies directly convertible, a spokeswoman for Prime Minister John Key said…

Direct convertibility between the Chinese yuan and New Zealand dollar would end the need for New Zealand’s companies and currency traders to convert New Zealand dollars or yuan into U.S. dollars when making or receiving payments. http://online.wsj.com/article/SB10001424127887323855804578506383781598470.html

Decades ago, the world decided to do much/most of its trade in US dollars. Although the old Communist block and some others did not, most of the rest of the nations decided that the US dollar was the best currency for international trade. China wants its renminbi yuan to replace the US dollar and has taken steps to conduct trade with Russia, Brazil, Australia, and others using its own currency.

What most in the USA do not realize is that the US standard of living has been subsidized by foreign nations for decades, partially because of the widespread use of the US dollar as the primary reserve currency of the world. When this changes the USA will see high inflation and at least a relative drop if not a massive actual drop in its economic standard of living. The USA will not be able to maintain its lead in the military, and despite its strength will be taken over per Daniel 11:39, Daniel 8:25, and Habakkuk 2:6-8. But this will not be limited to the USA as New Zealand, Australia, the UK, and Canada will also be taken over.

As far as China goes, it has also been accumulating gold to demonstrate that its currency has more tangible backing than currencies like the US dollar. However, because of internal and other matters, it will not be the power to takeover the USA–but because of China, the USA will fear it more than the power that the Bible says will end up dominating the world’s financial system (Revelation 13; see also the video Is China THE Threat to the United States of America?).

Notice some of what I wrote in my book Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term:

Interestingly, one foreign creditor, China, has raised concerns about the U.S. debt that are so serious, that its potential dumping of that debt has been called China’s “nuclear option” (Gertz B, China Debt Threat. Washington Times, March 2, 2011) against the U.S.A.—an option that involves no military intervention, but that could greatly harm the U.S.A.The Bible clearly warns against cheapening the money supply and encourages having it hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Barack Obama’s policies, following certain other administrations, have ignored these warnings.

Furthermore, the time will come when the U.S.A. government will no longer be able to borrow at low interest rates and/or it will create more money electronically and/or via the printing press to try to continue. Massive inflation is coming. Make no mistake about it, the U.S.A. dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19)…

Since the Roe vs. Wade decision in 1973, the U.S.A. switched from being a creditor nation and instead has become the greatest debtor nation in the history of humankind—perhaps this is resulting in a biblical curse? Because the U.S.A. owes alien nations trillions of dollars, it appears that the curse in Deuteronomy 28:44 of having to borrow from aliens is happening now. President Barack Obama has put forth economic policies that will (for at least several years) greatly increase that debt and ultimately interest rates—this is something that the U.S.A. will not truly be able to afford. Increasing national debt will lead to destruction at the appointed time of the end (Habakkuk 2:3–8). Others will not be able to reverse enough of the debt to stop Habakkuk 2:3-8 from being fulfilled…

The credit rating for the U.S.A. will drop further (though it could temporarily improve).

When the U.S. dollar is no longer the de facto reserve currency for the world, this will hurt the U.S.A. financially. Increasing debt, including “quantitative easing,” is a form of dishonest profits that is not something that God approves of and will punish the U.S.A. for (cf. Ezekiel 22:13-16). Inflation will eventually hit the U.S.A. extremely hard. As the world becomes less attached to the American dollar, many financial jobs and opportunities will be in places other than the U.S.A. Eventually, and not in Barack Obama’s second term, the U.S.A. dollar will become worthless. (Thiel B. Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term. Nazarene Books, 2013, pp. 14-15,45-46,67)

I would also add that WHEN the USA has to increase interest rates, this will lead to a downward spiral, that while it likely will have some “ups”, while result in the USA being taken over and destroyed. The Bible warns about the indebted one getting taken over by its creditors at the appointed time of the end (cf. Habakkuk 2), and the USA is currently the greatest debtor nation in the history of the world. And after interest rates rise for the USA dollar, it will be worse in the USA than almost any economist will publicly admit.

The USA dollar will be replaced. Nations around the world are taking steps to replace it, and the USA itself continues to increase debt, which will help make the replacement of the US dollar biblically required.

Some articles of possibly related interest may include:

China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Abortion, the Bible, and a Woman’s Right to Choose Do you know what the Bible teaches on this? Has the Roman Catholic Church allowed abortions? What about the real Church of God? Some may also, or instead, wish to view the YouTube video Abortion, the Bible, and US Debt.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.