Stansberry: US dollar replacement to be revealed October 20, 2015? What about 2016?

Might a replacement for the US dollar be revealed this Fall? Stansberry Research thinks it might:

Time US leadership woke up to new economic era

The International Monetary Fund is one of the most secretive and powerful organizations in the world.

They monitor the financial health of more than 185 countries… they establish global money rules… and provide “bail-out” assistance to bankrupt nations.

And on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight.

According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury department, “Once the [other currency] becomes an alternative to the dollar, rules of the game begin to change.”

And Leong Sing Chiong, Assistant Managing Director at a major central bank, said this dollar alternative “is likely to transform the financial landscape in the next 5-10 years.” http://thecrux.com/dyncontent/dollar-substitute-coming/

What Happens To The U.S. Dollar If The IMF Announces A New Reserve Currency This Fall?

07.08.2015 BY Kelly Brown, Stansberry Research

The International Monetary Fund is one of the most secretive and powerful organizations in the world. …

And this fall, the IMF could announce a reserve currency alternative to the U.S. dollar.

In fact, in a June 25, 2015 Bloomberg article, 68% of the economists they surveyed said they believe this new reserve currency will be adopted.

This could send hundreds of billions of dollars moving around the world, literally overnight. http://thecrux.com/dyncontent/dollar-substitute-july-update/

Juan Zarate is correct with his statement, “Once the [other currency] becomes an alternative to the dollar, rules of the game begin to change.” Biblically, the time will come when the US dollar is totally worthless and will stop being a world reserve currency.

The IMF, the Europeans, and the BRICS (Brazil, Russia, India, China, and South Africa) all want to see the US dollar toppled as the world’s reserve currency. The BRICS met last week as did the SCO and the Eurasian Economic Union (see SCO, EAEU, and BRICS defining a ‘new world order’?) and are working on that (see Russia and China taking steps to get international acceptance of currencies).

Some see Eurasia rising:

Emergence of Great Eurasia Looming Against the Background of Declining West

Vladimir NESTEROV 11.07.2015 00:00

The one superpower dominated world is becoming a thing of the past right in front of our eyes. Old international institutions are in decline, take the World Trade Organization (WTO), the European Union (EU) mired in crisis, or the degrading Organization of Security and Cooperation in Europe (OSCE). So far, intense discussions of United Nations Organization reform have been nothing but shooting the breeze.

The United States has already seen its heyday. It is still going strong with its military, economic and political potential but there are other states breathing down its neck. China has surpassed the US in terms of GDP based on purchasing power parity (PPP). The cooperation among BRICS members is on the rise. The Shanghai Cooperation Organization is expanding with India and Pakistan on the way to membership. Greece, the homeland of democracy, has become the weakest link of the European Union. This fact serves to emphasize the degeneration of the Western democracies with their same-sex marriages and shaky foundations the national states are built on.

The United States starts to look more like a World War II battle ship with a large hole in the hull below the waterline. The damage is not visible, the ship continues to move with it formidable guns aimed at the enemy. But as time goes by the battle ship is losing speed and starts to go down. The melting pot that was so much spoken of during the days of Bill Clinton’s tenure is not that effective anymore, the United States has failed to become a united nation and the time approaches when the Anglo-Saxons don’t have to shoulder the “White Man’s burden» anymore with Latinos taking over as the dominant group. When it happens, the United States will become a different country with different culture and, perhaps, different goals to pursue.

Today the United States is retreating to leave behind hotbeds of tension and unfinished wars. The armed conflict in Ukraine, the never ending war in the Middle East, Afghanistan and Iraq in ruins – that’s what the retreat results in. To slow down the process of degradation the United States is applying efforts to create the Transatlantic Trade and Investment Partnership (TTIP) bringing together the golden bullion states as part of financial International. But this the time when “new right» and “new left» in Europe are gaining strength to insert significant changes into the plans of Washington and the financial International mentioned above. They can either try to create a new system to unite nations, or go back to the idea of common security space from Lisbon to Vladivostok.

The United States is considering the Transatlantic Trade and Investment Partnership as a project aimed at cutting Europe off from Russia and pushing the Russian Federation deeper into Asia. The US shies away from using the term Cold War in regard to the current psychological and informational stand-off but, actually, it is waging such a war on all fronts. This affirmation is confirmed by increasing the strength and capacity of the NATO Response Force, returning US Army units to Europe, stationing forces in the countries which share borders with the Russian Federation, deploying missile defense elements in Europe, and launching debates to review the Intermediate-Range Nuclear Forces Treaty (INF). UK Foreign Secretary Philip Hammond said in early June that the United Kingdom could site American new nuclear missiles on British soil amid heightened tensions with Russia. http://m.strategic-culture.org/news/2015/07/11/emergence-great-eurasia-looming-against-background-declining-west.html

Others are not so sure:

July 14, 2015

The establishment of a development bank by the BRICS association of Brazil, Russia, India, China, and South Africa is being described by both proponents and opponents of globalization as a rebellion against the hegemony of the U.S. dollar and a challenge to globalization by “emerging economies.” …

BRICS has also been seen as a challenge to the hegemony of the U.S. dollar in world trade, the assumption being that this also is a worry for the globalists. …

The BRICS bank could be the foundation of an autarchic trading and geopolitical bloc, if based on barter agreements and an internal currency and credit created by the bank. …

At the same time Russia is pursuing another direction, the Eurasian Economic Union, comprising Russia, Belarus, Kazakhstan and Armenia. Will BRICS be promoted by the anti-Russia globalists as a way of derailing the Eurasian Economic Union, which could become a genuine challenge to their hegemony? …

Conclusion

Nothing about the BRICS New Development Bank suggests a challenge to international finance or to globalization. On the contrary, the BRICS declarations suggest the bank will serve as another avenue for globalization, and a means by which global capital can enter the “developing economies.” The BRICS bank can proceed without the distrust and resentment that is attached to the IMF and World Bank, acting as a proxy. BRICS opens the backdoor to Central Asia and Russia, Goldman Sachs now serving as a primary investment adviser for the latter, as it long has for China. Nothing about the BRICS recommendations for global financial reform challenge the international plutocracy; indeed what is being suggested has already been mooted by the world oligarchy. http://www.foreignpolicyjournal.com/2015/07/14/brics-development-bank-an-instrument-for-globalization/

Is there anything specifically happening now that could affect the dollar in the Fall of 2015?

Now, the nation of China is taking steps to get its currency more accepted on the world stage:

July 14, 2015

China issued new rules making it easier for big international investors to access its $5.7 trillion interbank bond market, a step forward toward opening its capital market as it seeks to promote the yuan as a reserve currency.

Foreign central banks, sovereign wealth funds and global financial organizations will no longer need pre-approval to trade bonds, interest-rate swaps and conduct repurchase agreements, the People’s Bank of China said in a statement Tuesday. Instead, they must only fill in a one-page registration form and can decide how much they can invest, the PBOC said.

While China’s government has taken unprecedented steps to halt a $3.8 trillion stock rout in the past month, policy makers are continuing efforts to promote global use of the yuan to support its case for inclusion in the International Monetary Fund basket of reserve currencies. Winning inclusion in the IMF’s so-called special drawing rights basket, or SDR, is a top priority for China’s leadership this year and has been spearheaded by People’s Bank of China Governor Zhou Xiaochuan.

“This is a big step towards China reaching its goal of including the yuan in the SDR basket,” David Loevinger, an analyst at fund manager TCW Group Inc. and a former U.S. Treasury Department senior coordinator, said by e-mail Tuesday. “This move highlights that while recent market volatility may slow China’s march towards a more open capital account, it didn’t stop or reverse it. The consensus among China’s leaders to get the yuan included remains intact.”

Interbank Market

The IMF will conduct a review in November on whether to add the Chinese currency to its SDR basket, and 70 percent of votes are likely required to approve the yuan’s inclusion, an official at the organization said in June. http://www.bloomberg.com/news/articles/2015-07-14/china-opens-interbank-market-to-central-banks-sovereign-funds

China hopes to be part of the Special Drawing Rights of the IMF in November. While a change in the SDR basket, of itself, is not the end of the US dollar, it could reflect a shift further away from the US dollar.

Notice something related to Porter Stansberry:

October 23, 2011

On December 14, 2010, Porter Stansberry of Stansberry Research Associates released a video called “The End of America.”

In it, he made the claim (at 6:18):

“Let me back up and show you in the simplest terms possible what is going on, why I am so concerned… and what I believe will happen in the next 12 months.“

He then went on to talk about the end of the U.S. dollar as the world’s reserve currency (13:40).

“The U.S. dollar has been the world’s reserve currency for decades now. So most Americans don’t have a clue about what the repercussions are of losing this status.“

… I predict that Stansberry’s prediction is likely not to come true. Eventually, the U.S. dollar will lose its status as the world reserve currency, since nothing lasts forever, and especially not a currency whose status is imposed through artificial forces, and not market forces. http://fauxcapitalist.com/2011/10/23/porter-stansberrys-prediction-that-the-u-s-dollar-will-cease-to-be-the-worlds-reserve-currency-in-2011-likely-not-to-come-true/

Here is something from Porter Stansberry:

June 15, 2013

In December 2008, I began warning about the risk that the U.S. could lose its “world reserve currency status,” something I termed the “End of America.” It’s worth looking at what I wrote almost five years ago because so much of what I feared would happen has come true. …

Now, some folks who have followed my research from the beginning might point out that I predicted the U.S. would begin suffering from severe inflation as early as 2009. …

Many people who read my End of America warnings over the years replied that it would take decades for America to lose its world reserve currency status. But if you simply look at the data on cross-border currency exchanges, you’ll find that so far this year, more than 40% of the exchanges involved the euro. Only 33% involved the dollar.

Today, more than 60% of bank reserves around the world are still held in U.S. dollars. Mark my words: In less than a year, the dollar will no longer make up even a majority of these reserves.

The End of America isn’t coming. It is here. http://www.dailywealth.com/2416/dollar-usd-world-reserve-currency

In 2014, Porter Stansberry warned of a collapse to the US dollar to occur July 1, 2014. Six weeks prior to that, I denounced his belief on this as wrong (see FATCA dollar collapse in six weeks? Will foreign creditors rise up?). And, of course, I was correct.

So it should be clear that Porter Stansberry has made some specific economic predictions that have not come to pass.

Does that help show that he is not a prophet?

Does that mean he is a nut?

No.

As a financial writer, he has his timing off. Since he does not seem to utilize scripture with his predictions, that is one of the reasons why.

But is he correct that economic disaster for the USA coming?

Yes.

Is this disaster serious?

Yes.

The Bible has an end time prophecy that it says that those who read it may want to run:

2 Then the Lord answered me and said:

“Write the vision
And make it plain on tablets,
That he may run who reads it.
3 For the vision is yet for an appointed time;
But at the end it will speak, and it will not lie. (Habakkuk 2:2-3)

What is this end time prophecy about that should cause people to run?

It is a prophecy about debt accumulation:

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 (Habakkuk 2:6-8)

The USA is the most indebted nation of all time. And on a per capita basis, the UK is one of the most indebted nations on earth.

China and other nations are trying to take steps to replace the USA dollar. Not all of them will work. And Porter Stansberry has his timing off.

But make no mistake about it, the USA is losing its economic dominance. The UK lost its, and the USA is in the process of losing its.

We in the Continuing Church of God strive to always rely on the Bible:

We have also a more sure word of prophecy; whereunto ye do well that ye take heed, as unto a light that shineth in a dark place, until the day dawn, and the day star arise in your hearts (2 Peter 1:19, KJV).

The ‘new world order’ that will replace the USA is NOT something that will treat the USA and its Anglo-Saxon descended allies well according to biblical prophecies (Daniel 11:39).

That being said, Eurasia has its own problems and will NOT end up on top the way its leaders hope it will. But it will have certain influence and have a certain type of military success in the end times.

Some items of possibly related interest may include:

Alternative to the US Dollar in the Fall of 2015? Is the US dollar about to lose its dominance as the world’s reserve currency? Does the Bible teach anything about that? Could Porter Stansberry be correct that the International Monetary Fund will announce an alternative to the US dollar in the Fall of 2015? Do Does the IMF, European Union, BRICS (Brazil, Russia, India, China, and South Africa), and other groups want the US dollar dethroned? Are China and other nations doing something to try to make this happen? This is a video.
When Will the Great Tribulation Begin? 2015, 2016, or 2017? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
The ‘Peace Deal’ of Daniel 9:27 This prophecy could give up to 3 1/2 years advance notice of the coming Great Tribulation. Will most ignore or misunderstand its fulfillment? Here is a link to a related sermon video Daniel 9:27 and the Start of the Great Tribulation.
United Nations: Humankind’s Last Hope or New World Order? Is the UN the last hope for humanity? Or might its goals end up with sinister results? A related video would be United Nations and Vatican Are Planning the New World Order.
Will the Interfaith Movement Lead to Peace or Sudden Destruction? Is the interfaith movement going to lead to lasting peace or is it warned against? A video of related interest could be Do You Know That Babylon is Forming?
How Will Middle East Peace be Brought About? Can humans bring peace to the Middle East? Here is a link to a related video: Middle East Peace? When?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
Can those in the USA/UK see the Handwriting on the Wall? Is everything fine in the USA/UK or is it like the days of Noah? Can we learn from the handwriting that appeared on a wall thousands of years ago? Here is a link to a related YouTube video Can you see the ‘Handwriting on the Wall’?
Is the Future King of the South Rising Up? Some no longer believe there needs to be a future King of the South. Might Egypt, Islam, Iran, Arabs, or Ethiopia be involved? Might this King be called the Mahdi or Caliph? What does the Bible say? A YouTube video of related interest may be: The Future King of the South is Rising.
There is a Place of Safety for the Philadelphians. Why it May Be Petra This article discusses a biblical ‘place of safety’ and includes quotes from the Bible and Herbert W. Armstrong on this subject–thus, there is a biblically supported alternative to the rapture theory. There is also a video on the subject: Might Petra be the Place of Safety? Here is something related in the Spanish language: Hay un lugar de seguridad para los Filadelfinos. ¿Puede ser Petra?
The Snowden Leaks are Leading to the Destruction of the USA Can what happened with the leaks of what the NSA has done help the USA to be taken over? What does the Bible teach that seems to be related to this? Here is a related YouTube video titled Are the Snowden NSA leaks leading to the destruction of the USA?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
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?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) 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 Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy and a video sermonette available: Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? A related video is available titled Ezekiel 38: For Russia, Ukraine, & Iran Now?
Islands and Bible Prophecy What’s ahead for islands? What does the Bible prophesy about them?
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. Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia?
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?
How To Determine If Someone is a True Prophet of God There are many false prophets. How can Christians determine who is a true prophet? There is also a sermon-length video titled How to determine if someone is a true prophet of God. Here is a related link in Spanish/español: ¿Cómo determinar si alguien es un verdadero profeta de Dios?
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.