Archive for November, 2022

ZH: Desperate Democratic Lawmakers Lambast “Aggressive” Fed’s “Apparent Disregard For Livelihoods Of Millions Of Americans”

Tuesday, November 1st, 2022


COGwriter

ZeroHedge posted the following:

Desperate Democratic Lawmakers Lambast “Aggressive” Fed’s “Apparent Disregard For Livelihoods Of Millions Of Americans”

November 1, 2022

The ranks of rebellious treasonous Democrats willing to meddle in the “independent” machinations of The Fed is growing as the countdown to the midterm meltdown continues to accelerate. … here comes Elizabeth Warren, Bernie Sanders, Rashida Tlaib and the rest of the progressive panderers to pressure The Fed to take its foot off the throat of the “strong as hell” economy.

Building on what Senate Baking Committee Chair Sherrod Brown recently warned last month:

“For working Americans who already feel the crush of inflation, job losses will make it much worse. We can’t risk the livelihoods of millions of Americans who can’t afford it. I ask that you don’t forget your responsibility to promote maximum employment and that the decisions you make at the next FOMC meeting reflect your commitment to the dual mandate.”

Warren et al. slam the implications of The Fed’s projected job losses from its official projections and its intention to continue raising interest rates at an “alarming pace”:

“You continue to double down on your commitment to ‘act aggressively’ with interest rate hikes and ‘keep at it until it’s done’…”

The lawmakers remind Powell that his tools are limp in the face of Putin’s price-hikes and corporate gouging…

Your “overarching focus” on “using [the Fed’s] tools to bring inflation back down to our 2 percent goal” no matter the cost is particularly troubling given the limits of interest rate hikes in addressing key drivers of today’s inflation, including lingering supply chain snarls, corporate price gouging, and the war in Ukraine.

Then they conclude with the same language that Brown used:

“These statements reflect an apparent disregard for the livelihoods of millions of working Americans, and we are deeply concerned that your interest rate hikes risk slowing the economy to a crawl while failing to slow rising prices”

They end with a series of questions that pointedly highlight the economic impact (and inequity) of The Fed’s actions, awkwardly bring up former Fed Vice Chair Richard Clarida recent comments that “Until inflation comes down a lot, the Fed’s really a single-mandate central bank,” asking Powell “Do you agree with that assessment?” https://www.zerohedge.com/political/desperate-democratic-lawmakers-lambast-aggressive-feds-apparent-disregard-livelihoods

Yes, what the US Federal Reserve is doing is intended to hurt the economy and cause many to lose their jobs.

Here is some of what the Democratic politicians stated in their letter to Fed Chairman Powell:

October 31, 2022

Dear Chair Powell:We are writing to express concern and request additional information about the implications of the Federal Reserve’s (Fed’s) most recent economic projections, its intention to continue raising interest rates at an alarming pace, and your disturbing warning to American families that they should expect “pain” over the coming months as the Fed takes “forceful and rapid steps” to “get supply and demand back into alignment…by slowing the economy.”

On September 21, 2022, the Fed’s Federal Open Market Committee (FOMC) announced it would raise its target range for the federal funds rate by 75 basis points for the third consecutive time this year and that it anticipated that “ongoing increases in the target range will be appropriate” as “supply and demand imbalances related to the pandemic, higher food and energy  prices, and broader price pressures” continue to stoke inflation.

The Fed has raised interest rates  by 3 percentage points since March, “the fastest increase of that size since 1982,” which is already estimated to “have put about 800,000 job losses in the pipeline.”

The FOMC’s Summary of Economic Projections indicated that the federal funds rate will rise by another 1.25  percentage points before the end of the year, and by another 25 basis points in 2023.

Consistent with its plan to raise interest rates into next year and weaken economic growth, the Fed projects that unemployment will rise sharply from 3.7% today to 4.4% in 2023 and 2024, implying “an additional 1.2 million people losing their jobs.”

In your September 21 press conference, you noted that “we need to have softer labor market conditions” and that families should expect “pain” in the form of “[h]igher interest rates, slower growth, and a softening labor market” as the Fed takes “forceful and rapid steps to moderate demand so that it comes into  better alignment with supply.”

You also reiterated your desire to “get supply and demand back into alignment…by slowing the economy” and promised to “keep at it until we are confident the  job is done.”

You continued: “I wish there were a painless way to do that,” but “there isn’t.”

These comments and policy actions come amid concerns raised by “a growing group of economists from the left and the right arguing that the Fed is braking the economy too hard.”

In contrast to your belief that slower economic growth and higher unemployment are “something that we think we need to have,” “[s]ome economists question whether crushing the job market is necessary to bring inflation to heel,” with one market economist noting, “The Fed clearly wants the labor market to weaken quite sharply. What’s not clear to us is why.”

While the politicians in the above letter see dangers in the Fed’s ‘raise interest rates to fight inflation policy’, the letter did not show them offering any practical workable solutions.

But there are several steps that could be taken related to inflation–such as increasing supply as opposed to trying to curb demand.

Notice something posted here on September 22, 2022:

Though the data has pointed to the USA already being in a recession, the head of the US Federal Reserve thinks he may help cause a recession:

Powell’s stark message: Inflation fight may cause recession

September 22, 2022

WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.

Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have been saying for months: That the Fed’s goal of engineering a “soft landing” — in which it would manage to slow growth enough to curb inflation but not so much as to cause a recession — looks increasingly unlikely. …

“The chances of a soft landing,” Powell said, “are likely to diminish” as the Fed steadily raises borrowing costs to slow the worst streak of inflation in four decades. “No one knows whether this process will lead to a recession or, if so, how significant that recession would be.”

“We have got to get inflation behind us,” Powell said. “I wish there were a painless way to do that. There isn’t.”

Powell’s remarks followed another substantial three-quarters of a point rate hike — its third straight — by the Fed’s policymaking committee. https://apnews.com/article/inflation-jerome-powell-unemployment-government-and-politics-96092b0d276a604b3c1e83f44b8e2ec9?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_04

Chairman Powell’s claim that there is not “a painless way” to get inflation behind us is not quite the case.

The government of the USA and various of its states could easily change rules to allow more drilling of oil off the Gulf and California coasts, as well as in Alaska, plus open the Keystone pipeline. That would result in a massive reduction in the price of oil and fertilizers, plus would also reduce transportation costs. The governments could also provide incentives for more food production, which would lower food costs.

Instead, the Fed plan is to increase interest rates (which have been artificially low) in an effort to slow down the economy and reduce wage demands.

Nationally, more goods could be produced. This would improve wages and employment, and with more goods this would help balance people having more money.

Yes, if there is more supply this would help reduce the inflation rate as well as generally improve the economies of those that produce more.

But, thus far, this is not a policy that seems to be seriously embraced by most federal government leaders.

So, expect pain and expect inflation.

This is consistent with prophecy as the Bible points to food shortages and food price inflation:

5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” (Revelation 6:5-6)

The prophecy of the third horseman of the Apocalypse is starting to come to pass.

If government leaders believed the Bible, they would be willing to take a lot of steps that they seemed to have overlooked.

That said, related to inflation, the Continuing Church of God (CCOG) put together the following video:

15:26

Inflation: When Money Fails

Inflation has been higher in 2022 than it has been for decades in the USA, Europe, and many other lands. What are some of the disruptions that inflation can cause? What about hyperinflation affecting places like Venezuela? Did the Book of Haggai predict inflation? Is food price inflation associated with the ride of the third horseman of the Apocalypse? Does sin and government mismanagement cause inflation? Are there physical things one can do about inflation? What about storing food or buying gold? Will gold outlast the USA dollar? Why might some throw their gold in the street as Ezekiel prophesied? What should God’s people do about inflation? What did Jesus teach about food worries? What about seeking the Kingdom of God? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: Inflation: When Money Fails.

In the world, we see a lot of economic uncertainty.

There are recessions, sometimes stagflation, disasters, weather issues, wars, and even severe depressions that affect income and physical needs.

One can lose a job at almost anytime–and steps by the US Federal Reserve are expected to increase that in the USA (steps by central banks in several other countries would be expected to do so as well). There could also be health problems or even the death of the main income provider.

But there are things you can and should do.

Notice the following:

1 A certain woman of the wives of the sons of the prophets cried out to Elisha, saying, “Your servant my husband is dead, and you know that your servant feared the Lord. And the creditor is coming to take my two sons to be his slaves.”

2 So Elisha said to her, “What shall I do for you? Tell me, what do you have in the house?” And she said, “Your maidservant has nothing in the house but a jar of oil.”

3 Then he said, “Go, borrow vessels from everywhere, from all your neighbors — empty vessels; do not gather just a few. 4 And when you have come in, you shall shut the door behind you and your sons; then pour it into all those vessels, and set aside the full ones.”

5 So she went from him and shut the door behind her and her sons, who brought the vessels to her; and she poured it out. 6 Now it came to pass, when the vessels were full, that she said to her son, “Bring me another vessel.”

And he said to her, “There is not another vessel.” So the oil ceased. 7 Then she came and told the man of God. And he said, “Go, sell the oil and pay your debt; and you and your sons live on the rest.” (2 Kings 4:1-7)

Now, while the above involved a miracle, the concept of paying off debt and having savings is something God’s people should strive to do.

Notice also:

7 The rich rules over the poor,
And the borrower is servant to the lender. (Proverbs 22:7)

Instead of being in debt, God’s people should strive to save:

But they should also be givers and rely on God’s blessings:

8 “Will a man rob God? Yet you have robbed Me! But you say, ‘In what way have we robbed You?’ In tithes and offerings. 9 You are cursed with a curse, For you have robbed Me, Even this whole nation. 10 Bring all the tithes into the storehouse, That there may be food in My house, And try Me now in this,” Says the Lord of hosts, “If I will not open for you the windows of heaven And pour out for you such blessing That there will not be room enough to receive it. 11 “And I will rebuke the devourer for your sakes, … (Malachi 3:8-11)

4 Let each of you look out not only for his own interests, but also for the interests of others. (Philippians 2:4)

6 But this I say: He who sows sparingly will also reap sparingly, and he who sows bountifully will also reap bountifully. 7 So let each one give as he purposes in his heart, not grudgingly or of necessity; for God loves a cheerful giver. 8 And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every good work. 9 As it is written:

“He has dispersed abroad,
He has given to the poor;
His righteousness endures forever. (2 Corinthians 9:6-9)

Yes, we need to also consider helping others.

And all should heed the words of Jesus:

25 “Therefore I say to you, do not worry about your life, what you will eat or what you will drink; nor about your body, what you will put on. Is not life more than food and the body more than clothing? 26 Look at the birds of the air, for they neither sow nor reap nor gather into barns; yet your heavenly Father feeds them. Are you not of more value than they? 27 Which of you by worrying can add one cubit to his stature?

28 “So why do you worry about clothing? Consider the lilies of the field, how they grow: they neither toil nor spin; 29 and yet I say to you that even Solomon in all his glory was not arrayed like one of these. 30 Now if God so clothes the grass of the field, which today is, and tomorrow is thrown into the oven, will He not much more clothe you, O you of little faith?

31 “Therefore do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For after all these things the Gentiles seek. For your heavenly Father knows that you need all these things. 33 But seek first the kingdom of God and His righteousness, and all these things shall be added to you. (Matthew 6:25-33)

4 “It is written, ‘Man shall not live by bread alone, but by every word that proceeds from the mouth of God.'” (Matthew 4:4)

Yes, we need to seek first the Kingdom of God. And the word of God says we should try not to be in debt, we should try to have savings, and we are to be givers.

All of these should be part of our preparations.

As far as other physical steps, you can see our article: Physical Preparation Scriptures for Christians.

Some items of possibly related interest may include:

Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is are links to related sermons: Christian Election: Is God Calling YOU? and Predestination and Your Selection. A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? Two related sermons about this are also available: Real Repentance and Real Christian Repentance.

Tithing Questions and Some Answers Answers questions about tithing and also addresses some non-biblical arguments against tithing. Should people tithe?Here is a link to a related sermon: Tithes and Tithing. Here is a link to an older sermon: Tithing Answers from the Bible.Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
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? Two videos of related interest are Beast Prophecies and European Gold and Germany, Gold, and the US Dollar.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
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
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: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic 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? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2022, 2023, or 2024? 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 la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.

PCG: Will Europe Bring Back the Gold Standard? COGwriter: Yes, Europe will claim a financial tie to gold

Tuesday, November 1st, 2022

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COGwriter

PCG’s Andrew Miller posted the following:

Will Europe Bring Back the Gold Standard?

November 1, 2022

Financial researcher and gold analyst Jan Nieuwenhuijs noted on October 19 that there is evidence that European central banks have been preparing to return to the gold standard since the early 1970s.

After United States President Richard Nixon unilaterally took America off the gold standard in 1971 to prevent foreign governments from redeeming more and more dollars for gold, many European governments were angry. Led by France, European banks began working quietly to lay the foundation for a new global financial system. They could not outright return to the gold standard at the time because they needed the U.S. to defend them from the Soviet Union. So the Europeans accepted the dollar as their reserve currency. But at the same time, they launched the euro and worked to make sure each major economy to be incorporated into the EU had substantial gold reserves.

Gold standards work best when each nation using them has gold reserves roughly proportional to its gross domestic product. So the fact that 12 of the European Union’s 27 states keep between 2 to 10 percent of gdp in gold is probably not a coincidence. Nieuwenhuijs feels there must be some secret agreement between Europe’s major economies dictating that they hold a certain amount of reserves in gold. If this is true, we can expect countries with proportionally high gold reserves (like Portugal) to sell gold, and countries with low gold reserves (like Ireland) to buy gold. This is Europe’s major economies laying the groundwork for a new exchange mechanism by having equal gold-to-gdp ratios.

When you divide a nation’s gdp by the value of its gold reserves, you find that Austria, Belgium, Bulgaria, Cyprus, France, Germany, Greece, Hungary, Italy, the Netherlands, Portugal and Romania have proportionally more gold than America. Poland may soon join this club if it keeps its pledge to boost its gold reserves this year. These nations have the potential to form the core of a stable currency when the paper money system collapses. This is why the Dutch Central Bank issued a statement three years ago saying that “gold is the perfect piggy bank—it’s the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.”

Only time will tell how this situation will play out. https://www.thetrumpet.com/26285-will-europe-bring-back-the-gold-standard

While PCG is not sure, I am sure that the Europeans will at least claim some type of gold standard to tie in with its currency.

The Europeans have been planning on a gold standard of some sort to push aside the US dollar since the 1970s.

Here is something from Jan Nieuwenhuijs:

Gold Is The Only Way Out For Central Banks …

October 19, 2022

There is a big difference between how gold is valued on the balance sheets of European central banks versus the Federal Reserve. The Fed holds gold certificates on the assets side of its balance sheet, which correspond to the Treasury General Account on the liability side of its balance sheet. The Treasury being the owner of the gold. Revaluing gold wouldn’t profit the Fed, but it would profit the Treasury.

In the eurozone, central banks carry gold outright on their balance sheets. Since the Eurosystem was launched in 1999, these central banks have continuously mark-to-market their gold. (Unlike in the U.S. where the monetary gold is still valued at the statutory value of $42.22 per troy ounce.) From an accounting perspective, European central banks have created a capital buffer, consisting of unrealized gains in the gold price, to absorb losses on bad debt. …

I have shown that since the 1970s monetary gold has been more evenly distributed around the world, supported by gold sales from European nations that relatively owned too much. The Dutch Minister of Finance officially stated in 2011:

Through gold sales in the past, the Dutch central bank brought its gold holdings relatively more in line with other important gold holding nations.

At the time, DNB [Dutch central bank] determined that from an international perspective it owned a lot of gold proportionally.

By distributing gold reserves, Europe has prepared an equitable international gold standard. Furthermore, on its website the Dutch central bank is clear on gold’s potential:

Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, … Gold is the perfect piggy bank – it’s the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. https://talkmarkets.com/content/commodities/gold-is-the-only-way-out-for-central-banks?post=282992

Two years ago (see ‘Europe Has Been Planning A Gold Standard Since The 1970s’ Collapse of US$ and Pound Sterling?), I posted the following from :

Europe Has Been Planning A Gold Standard Since The 1970s

  • Research reveals that European central banks have prepared a new international gold standard.
  • The U.S. opposed the end of the two-tier system, because this would increase the official price of gold and put it back in the center of the international monetary system.
  • Europe is well prepared for a gold standard.
  • The trend in Asia is also increasingly against dollar dominance and in favor of gold.

Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.

In my view, the current fiat international monetary system is ending- …

One of the reasons the euro was created was to counter dollar dominance. Many decades before it was launched, Western Europe started to integrate. … we know the U.S. opposed monetary cooperation in Europe, for the simple reason it didn’t want competition for the dollar hegemony. Below are excerpts from a telephone call between U.S. National Security Advisor, Henry Kissinger, and Deputy Secretary of the Treasury, William Simon, on March 14, 1973.

Kissinger: … I basically have only one view right now which is to do as much as we can to prevent a united European position without showing our hand. … I don’t think a unified European monetary system is in our interest. ..

The “European solution” was to fix the exchange rates of the EEC’s currencies, and float as a bloc against the dollar. The “common float” would enhance trade within Europe and show the world Europe’s unity and leadership. This was not in the interest of the U.S. According to Under Secretary of the Treasury for Monetary Affairs, Paul Volcker, the European solution was a euphemism for saying:

“Let’s leave the United States out of the world and go our independent course.”

Furthermore, the EEC took the stance that central banks should be able to buy and sell gold at a marked-related price, both among themselves and on the free market. …

The French, and some of its allies, wanted gold’s importance to increase in the international monetary system and stabilize its price “at a later date.” Which boils down to a gold standard. The Federal Reserve favored a continuation of the two-tier market, which in practice meant gold’s demonetization.

Right after the two-tier system was cancelled in 1978, eight European countries launched the European Monetary System (EMS). …

Remarkably, what I discovered is that European central banks started selling gold in the 1990s to equalize their gold reserves relative to other nations. A new gold standard would be equitable if all gold was distributed evenly, which is what European central banks have been managing. …

The Chinese government aims to elevate the amount of private gold per capita, to bring it more in line to the global average. China’s gold strategy matches Europe’s gold strategy in terms of equalizing reserves (next to the obvious reasons to own gold in the first place).

From previous research, I know approximately how much private gold is in India, China, France, Italy, and Germany. When I combine the private and official gold reserves of these countries, and compare it to GDP per capita, these measures appear to be quite close to each other. …

Germany, the Netherlands, Hungary, Poland, Turkey, and Austria have repatriated gold from the Federal Reserve Bank of New York and Bank of England. These countries show to assign greater importance to gold as a reserve asset versus fiat currencies, and their trust in the U.S. and U.K. as custodians has waned. In the words of the Polish central bank:

central banks usually strive to diversify their gold storage locations, … to limit geopolitical risk, the consequence of which could be, for example, loss of access or limitation of the free disposal of gold reserves kept abroad.

Storing gold on domestic soil is safer than abroad, but having some of it in trading hubs such as London allows the gold to be used more easily for, i.e., swaps and international settlement. According to the German central bank their repatriation scheme had three objectives: cost efficiency, security, and liquidity. …

European central banks are confessing their own paper money system is failing. They can’t say this explicitly because it would cause instant panic in financial markets, but how much more obvious can they make it?

In my opinion, these central banks are alluding to a new monetary system based on gold.

Conclusion

We have established that, since the 1970s, Europe has been countering the dollar hegemony and wanted gold back in the center of a new “equitable and durable system taking into account the interests of the developing countries.” Subsequently, they have equalized official gold reserves internationally, strategically allocated their gold, upgraded their gold to current industry standards, and are now promoting gold as the “perfect piggybank” and as “protection against high inflation.”

The trend in Asia is also increasingly against dollar dominance and in favor of gold. …

Although it’s clear that Europe and other nations are prepared for a new monetary system that incorporates gold, it’s unknown how this system will look like. 07/16/20 https://seekingalpha.com/article/4358798-europe-preparing-global-gold-standard-since-1970s

Before going further, let me state that there is a YouTube video that disagrees with this article. Essentially it says that although Europe may have wanted to go to a gold standard, it has deviated too much over the years to be considered serious about it.

Yet, I maintain that Europe will have some type of at least implied gold backing of its currency–and I have been writing that for over a decade–and still stick to that because of various biblical prophecies involving the King of the North Beast who will arise in Europe.

Now, it should be noted that for the next few years, gold prices will tend to rise and fall in relationship to the US dollar. Gold prices are currently near historic highs as priced in various currencies, including the US dollar. The massive printing of electronic money by the US will not only be a factor in the demise of the US (cf. Habakkuk 2:6-8), it will also seem to be a factor that will push Europe more towards gold.

Perhaps it should be pointed out that there is more official gold in Europe than in the US (unofficial, private, gold levels are harder to determine)–here is a link to something posted here in September 2022: The Plain Truth and European Gold.

After the US dollar is gone, the Bible shows that Europe will dominate international trade and finance, and this will involve gold (cf. Daniel 11:37-43; Revelation 18).

In my 2017 book, Donald Trump and America’s Apocalypse, I wrote:

Gold will set records in US dollar terms. (p. 170)

It did in 2020–gold futures passed $2000 for the first time ever in July 2020 (Gold hits new record, posts best month since 2016. CNBC, July 30, 2020). Notice also:

“The price of gold shot up to an all-time high of US$2,067.15 per ounce on Aug. 6” (Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020).

Yes, records in the price of gold compared to the USA dollar were hit.

The Bible shows that the European King of the North will end up with gold. Notice something that I wrote about this in my 2021 book Biden-Harris: Prophecies and Destruction:

Joe Biden is destined to take steps that ultimately will aid in the fulfillment of end-time biblical prophecies. Furthermore, several of the stated policies for the Biden-Harris Administration have biblical ramifications.

For example, as president, Joe Biden will have to deal with the fact that the U.S.A. is the most indebted nation in the history of humanity. Plus, he has pledged increasing it further (The Biden Emergency Action Plan to Save the Economy. JoeBiden.com, accessed 12/16/20)

Debt is a prophesied problem (cf. Habakkuk 2:6-8). But many in the media as well as politically-inclined economists do not see it that way—but that is too short sighted (cf. Ecclesiastes 8:11). …

One more verse should be perhaps touched on here, and that is Daniel 11:43.

43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; also the Libyans and Ethiopians shall follow at his heels.

The “he” is the King of the North. This is the same King of the North that valued gold and silver in Daniel 11:38. Although other scriptures also show that gold and silver will have value around this time (like Revelation 18; 9:20), the Bible is clear that gold and silver will be worthless for a short time before Jesus returns, e.g. Ezekiel 7:19.

The fact that the King of the North himself will accumulate gold (and some silver) is consistent with several Byzantine (“Greek” Orthodox) prophecies of their expected Great Monarch:

Emperor Leo the Philosopher (died 912): You will amass gold … And you will be the leader of the surrounding nations …

Addressed to Emperor Manuel II, Palaeogous (died 1425): The Emperor … will discover gold and silver…

Saint Andrew Fool-for-Christ (c. 4th century):  God will reveal to this king all the gold wherever it happen to lay concealed from view … (Tzima Otto, pp. 76, 102, 114)

One side note is that, in Egypt, major gold deposits were found in 2006 ( Gold Mine Worth LE 23 Billion (and counting).  Egypt Today, August, 2006). This is relevant as it does suggest that Egypt now has enough gold that a foreign power could be interested in taking/using it as Bible prophecy teaches.

Since many are now questioning the role of the U.S. dollar as the world’s reserve currency, more are looking into other currencies as well as gold. Gold will set records in U.S. dollar terms. In 2017, I also published that in my book related to Donald Trump, and it did hit records in July and August in 2020 (old hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020).

It has been proposed that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance” (Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016).

When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer.

The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies.

The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the U.S.A. dollar.

Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.

The debt accumulation policies of the Obama-Biden and the Trump-Pence Administrations, which were a massive acceleration of the previous policies of the Bush Administration, look like they will be continued by a Biden-Harris Administration.

The increases in America’s debt are heading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.

A Biden-Harris Administration would need to make massive changes to possibly prevent this.

The U.S.A. and its dollar are at serious risk.

The Biden-Harris Administration did increase US debt since that writing was published (which was a within a day of when Joe Biden took office). Such debt is expected to increase even more.

The Russians and Chinese have been making gold moves (watch US Dollar being challenged by Gold-Petro-Yuan). Russia and China are working towards a world where the US dollar is not the world’s primary reserve currency and a world where gold rises up (see The End of US Dollar Dominance).

Here are some items from the old Plain Truth magazine, as well as scriptures and comments, about gold. Because the USA was starting to not have enough gold to back its dollar, way back in 1961, the Plain Truth reported:

Germany, Japan have the largest surpluses of GOLD and DOLLARS…Rich Uncle {Sam} has the greatest deficit in governmental history and a GREATER DEBT than all the REST OF THE WORLD COMBINED!…

Vast foreign aid programs drain the U.S. Treasury … American spending to supply services and to support our troops in foreign countries and military installations around the world amounts to…dollars flowing out of the frightened U.S. Treasury. All of these factors, combined with heavy taxes, gigantic public and private debt, and no gold backing for our own currency if foreign investors demanded gold for their dollars, adds up to the staggering revelation that the U.S., richest nation in the world, is bordering on bankruptcy! (Hill DJ. What the US Gold Crisis Means to You. Plain Truth. February 1961, p. 9).

Back in 1971, the Plain Truth mentioned gold and that a currency coming out of Europe would replace the USA dollar:

FOR 40 YEARS, (1931 to 1971) the American dollar reigned supreme in world trade and finance. From 1945 to 1958, the dollar was considered better than gold to most developing economies…

On August 15, 1971, President Nixon revealed his new economic plan. One part of the strategy was to cut loose the dollar from gold, in effect letting it “float” in foreign transactions until natural market pressure would decide its best value…

The European Common Currency appears to be the most likely successor to the dollar in this long line of monetary dynasties. Europe is the only continent with sufficient gold backing…

… and What About Gold?

The gold standard is not sacred. It is only about 100 years old in the history of man, a product of evolution as much as any social institution. But in a world of sovereign powers, there must be some standard to finance international trade and domestic currency. Gold has the confidence of more people than any other standard, especially in Europe. (Alexander G. America faces “The Dollar Crisis”. Plain Truth magazine, October 1971, pp. 3-4)

Notice a 1981 article about inflation and gold:

Why Gold?

What does uncertainty in the world’s financial system portend for the future? How will it affect you? And what about the value of gold? Gold has been the most sought after form of money for thousands of years. By universally accepted definition, money is anything that serves as a store of value and as a medium of exchange. Historically, gold has fit that description better than anything else. Because it is relatively scarce, virtually indestructible and possesses a wide range of artistic and functional uses, gold became the standard in most economies. It was easily coined, highly portable and universally recognized for its value.

Even though the supply of gold is limited, demand for the metal seems to be infinite. Commodities such as food crops or industrial output can have price swings based on demand, weather, poor economic policies or disasters. None of these affects the total supply of gold. It maintains its value in relation to other commodities regardless. Thus it has acted as a financial constraint and stabilizing factor. People trust gold because it has been an instrument of monetary discipline and a standard of measure by which to measure other commodities.

Gold acts as a check on governments and politicians. Paper money came into use because it was more convenient to use than gold.

However, historically the amount of paper money in circulation was tied to the amount of gold a nation possessed. When people knew that gold backed up their currency, they trusted their money. But even though people may trust gold, they don’t necessarily trust their leaders. In the words of George Bernard Shaw: “The most important thing about money is to maintain its stability…. With paper money this stability has to be maintained by the government. With a gold currency, it tends to maintain itself…. You have to choose as a voter between trusting the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.” The goal of every political leader is to remain in power. In a democracy, he must retain his popularity to be reelected.

Extravagant social welfare schemes and public works help to perpetuate the government’s power, even though the country may not be able to afford the expense. If a political leader can get rid of the gold standard, then there is no restraint on the amount of paper money the government can print. The deficit between collected taxes and government spending can be made up through printing extra money. But the effect of these shortsighted policies soon becomes apparent. More and more paper money chases the available goods and services — the result is inflation. Witness the situation in the United States today. Since 1971 the dollar has had no relationship to gold.

Multibillion dollar deficits in government spending have been covered by printing extra dollars. Because the dollar is not convertible to gold, there is no check on government spending and the citizens suffer from consequent inflation. Inflation becomes a vicious circle with everyone eventually losing. As Voltaire concluded, “All paper eventually returns to its intrinsic value — zero.” In 1871 the British economist David Ricardo noted, “Experience has shown that neither a state nor a bank ever had the unrestricted power of issuing paper money without abusing that power.” The United States, blessed with staggering wealth, vast natural resources, and phenomenal industrial and agricultural output, is in a serious financial situation. It makes no sense — except for the fact that national leaders were quite prepared to dilute the value of the nation’s money supply. The decision defrauded the citizens by stealing the purchasing power of wages and savings. This sinister aspect of inflation was explained by the British economist John Maynard Keyes in 1919: “By a continuing process of inflation, governments can secretly and unobserved, confiscate an important part of the wealth of their citizens.” Mr. Keynes himself advocated this form of government policy. But as people begin to experience inflation and see their wealth quickly disappearing, they try to protect themselves through investing and speculating in more stable commodities, including gold.

Speculation in gold is a symptom, and a warning, of a distorted government-ravished economy. It is a sign of loss of trust and faith by men in their own system and political leaders. (Curry J. HOW GOLD, INFLATION AND GOVERNMENT IMPACT YOU. Plain Truth, April 1981)

Other articles from the old WCG also predicted that the Europeans would end up with their own European currency and that it would be expected to replace the dollar. Notice the following:

Envision the startling future of Western Europe… A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U.S. dollar as the kingpin currency of world trade. (Hogberg G. EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, May 1971)

The Europeans do have their own currency, and while it has not yet replaced the dollar, the time will come when the world will NOT keep the US dollar as its primary reserve currency.

Of course, to replace the USA dollar it will take many nations to turn away from it.

But the USA has been pushing many to do so.

Notice following two-year old report about the collapse of the US$ and the British pound sterling:

I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power.  … The UK Government, in opting to side with America and cut ties with China, has probably thrown away the one significant chance it has of not seeing sterling collapse with the dollar.

A possible salvation might be to hang onto Germany’s coattails if it leaves a sinking euro to form a hard currency bloc of its own, given her substantial gold reserves. But for now, that has to be a long shot. 07/16/20 https://www.goldmoney.com/research/goldmoney-insights/the-pound-s-future-in-a-dollar-collapse

The Bible actually warns that the UK will try to ask Germany for help after the USA is no more (cf. Hosea 5:13, 7:11; see also Germany in Biblical and Catholic Prophecy). But that will not save the UK.

It should be noted that the Bible does show that gold will have value into at least the first few couple of years of the Great Tribulation. Here are some end time prophecies from scripture that help show that:

40 “At the time of the end…43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)

14… And the wealth of all the surrounding nations
Shall be gathered together:
Gold, silver, and apparel in great abundance. (Zechariah 14:14)

12 … merchandise of gold and silver, precious stones and pearls … 16 … ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:12, 16)

4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)

There are no similar statements backing up the future value of paper items, like the US dollar or the British pound (scripture, indirectly, teaches their elimination, for details see Anglo – America in Prophecy & the Lost Tribes of Israel). Daniel 11:24 shows that the leader mentioned in Daniel 11:40-43 will somehow also be accumulating wealth prior to this time, and that may involve gold accumulation (cf. Daniel 11:38). Perhaps to back up a European supported currency, he also may end up with personal and/or national gold reserves and/or wealth from the Vatican. The Vatican has a vast amount of wealth and is prophesied to be improperly involved with the kings of the earth in the end times per Revelation 17.

Although gold will be tossed into the street later per Ezekiel 7: 19, that will be AFTER the US dollar collapses as scriptures like Habakkuk 2:6-8 and Daniel 11:39 point to. Daniel 11:39 is the start of the time of Jacob’s trouble (Jeremiah 30:7) also known as the Great Tribulation (Matthew 24:21).

The world will have been used to the stability of the US dollar and Europe will want to try to have that type of confidence in its final currency. It will get more gold!

The Continuing Church of God (CCOG) has the following videos on our Bible News Prophecy YouTube channel:

17:48

Gold is so valuable it is called a precious metal. What nation has the most of it? Is there an area of nations with more? Will gold last longer than the USA dollar? Are there properties about the Beast and/or the Antichrist in the Bible that show that the European Babylonian Beast power will amass gold during the time of the Great Tribulation? Are there Eastern Orthodox prophecies that look forward to this? Are there biblical and Roman Catholic prophecies that warn against this? Are European central banks already accumulating gold? Did Swiss America state that some central banks are leaning towards a gold standard? Might the coming King of the North accumulate gold to use to help shore up his currency after the demise of the US dollar? Dr. Thiel addresses these issues and more.

12:30

China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US-dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it looked like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.

Here are links to the sermonette videos: Beast Prophecies and European Gold and Gold Backed Currency to Replace the US Dollar?

The Europeans, Russians, Chinese, and others are in the process of accumulating gold.

Biblically, we can be sure that Europe will amass more gold shortly after the start of the Great Tribulation (cf. Daniel 11:43; Revelation 18:12,16).

Major economies of the world are increasing gold reserves, and part of the reason is to dethrone the US dollar.

One day, the US dollar will cease to be worth any more than the scrap value of the cotton-paper it is printed on.

Some items of possibly related interest may include:

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? Two videos of related interest are Beast Prophecies and European Gold and Germany, Gold, and the US Dollar.
PCG: Teachings Unique to the Philadelphia Church of God Simply calling oneself ‘Philadelphia’ does not make one so (see Revelation 3:7-9), nor does Gerald Flurry calling himself “that prophet” make it so. This article provides many quotes from this group which tries to look faithful.
Germany’s Assyrian Roots Throughout History Are the Germanic peoples descended from Asshur of the Bible? Have there been real Christians in Germanic history? What about the “Holy Roman Empire”? There is also a You-Tube video sermon on this titled Germany’s Biblical Origins.
Germany in Biblical and Catholic Prophecy Does Assyria in the Bible equate to an end time power inhabiting the area of the old Roman Empire? What does prophecy say Germany will do and what does it say will happen to most of the German people? Here is a version of the article in the Spanish language: Alemania en la profecía bíblic. Here are links to two English language sermon videos Germany in Bible Prophecy and The Rise of the Germanic Beast Power of Prophecy.
Some Doctrines of Antichrist Are there any doctrines taught outside the Churches of God which can be considered as doctrines of antichrist? This article suggests at least three. It also provides information on 666 and the identity of “the false prophet.” Plus it shows that several Catholic writers seem to warn about an ecumenical antipope that will support heresy. You can also watch a video titled What Does the Bible teach about the Antichrist?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Jesus Returning, David’s Throne, and the Stone of Destiny Will Jesus return to the throne of David? What about the Stone of Scone? Here is a link to a related video: Stone of Destiny and Jesus’ Return.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.

Do Christians Sin? This is an article by Herbert W. Armstrong.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
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? Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.
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: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic 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? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
When Will the Great Tribulation Begin? 2022, 2023, or 2024? 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 la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año  de La Gran Tribulación o el Grande Reseteo Financiero.
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? What about the Eurasian Economic Union (EAEU)? A related video would be Is The Eurasian Union Rising?
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details.  A Kindle version is also available 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 your free Kindle reader app (or if you already have one or a Kindle),  you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.

MG: Rejoicing in What God Cannot Do; COGwriter: It is good to thank God

Tuesday, November 1st, 2022


(From Public Domain Pictures)

COGwriter

In one his newsletters, Mike Gendron had the following:

Rejoicing in What God Cannot Do

Our righteous and holy God is worthy to be praised for all He has done, is doing, and will do in carrying out His gracious and merciful plan of redemption. However, there are also things God cannot do. As His adopted children, we can rejoice with hearts of thanksgiving because He cannot go against who He is.

God Cannot Violate His Holy Character and Nature

This should give every child of God complete and immovable confidence because God always does what is consistent with who He is and all that He has revealed in His Word. He is utterly incapable of unrighteous, unholy or unjust acts. “His work is perfect, for all His ways are just” (Deut. 32:4).

God cannot stop existing. He depends on nothing for His existence. He exists independently of His creation and all of His creation depends entirely on Him for its existence. He is from everlasting to everlasting (Psalm 90:2). “To Him be the glory and the dominion forever and ever” because from Him and through Him and to Him are all things (Rev. 1:6; Rom. 11:36).

God cannot lie. In fact, it is impossible for God to lie (Heb. 6:18; Titus 1:2). God is truth and His Word, which is forever settled in heaven, is truth (John 14:6, 17:17). God cannot be tempted by evil (James 1:13).

We should rejoice because of that.

One song that comes to mind (and is in the old WCG hymnal, as well as CCOG’s hymnal with the title Oh Give Thanks and Praise the Eternal!) is based on 1 Chronicles 16:8-13 upon which says:

8 Oh, give thanks to the LORD!
Call upon His name;
Make known His deeds among the peoples!
9 Sing to Him, sing psalms to Him;
Talk of all His wondrous works!
10 Glory in His holy name;
Let the hearts of those rejoice who seek the LORD!
11 Seek the LORD and His strength;
Seek His face evermore!
12 Remember His marvelous works which He has done,
His wonders, and the judgments of His mouth,
13 O seed of Israel His servant,
You children of Jacob, His chosen ones!

Those of us who understand God’s plan of salvation, should be thankful for being part of those chosen in this age. This is consistent with the following admonition from the Book of Psalms and one from Saint Paul:

4 Sing praise to the LORD, You saints of His, And give thanks at the remembrance of His holy name (Psalm 30:4).

16 Rejoice always, 17 pray without ceasing, 18 in everything give thanks; for this is the will of God in Christ Jesus for you. (1 Thessalonians 5:16-18)

Anyway, the Bible is full of admonitions to give thanks to God. In the NKJV the term “give thanks” is used 40 times and the term “giving thanks” is used 5 times–and nearly all of these verses are discussing giving thanks to God. The term “thanksgiving” is used 24 times. Here are a few of them:

14 Offer to God thanksgiving (Psalms 50:14).

30 I will praise the name of God with a song, And will magnify Him with thanksgiving. (Psalms 69:30)

2 Let us come before His presence with thanksgiving; Let us shout joyfully to Him with psalms. 3 For the Lord is the great God, And the great King above all gods. (Psalms 95:2-3)

4 Enter into His gates with thanksgiving, And into His courts with praise. Be thankful to Him, and bless His name. 5 For the Lord is good; His mercy is everlasting, And His truth endures to all generations. (Psalms 100:4-5)

Do you want to do something good? It is good to thank God:

1 It is good to give thanks to the Lord,
And to sing praises to Your name, O Most High;
2 To declare Your lovingkindness in the morning,
And Your faithfulness every night,
3 On an instrument of ten strings,
On the lute,
And on the harp,
With harmonious sound. (Psalm 92:1-3)

It is good and easy to thank God!

The Apostle Paul wrote:

3 I thank my God upon every remembrance of you, 4 always in every prayer of mine making request for you all with joy, 5 for your fellowship in the gospel from the first day until now, 6 being confident of this very thing, that He who has begun a good work in you will complete it until the day of Jesus Christ; (Philippians 1:3-6)

Give thanks and praise the Eternal!

The Continuing Church of God has this sermon from on its ContinuingCOG YouTube channel:


1:14:34

Are you thankful? Does the Bible teach that you are supposed to be? What did Dibar Apartian write was ‘the most common sin’? What does the Bible say about thanks and praise? Is ingratitude warned against? Is unthankfulness prophesied? Can the thankful commit the unpardonable sin? What should you be thankful for? Dr. Thiel addresses these issues and more.

Here is a link to the sermon: Ingratitude and Giving Thanks.

God is love (1 John 4:8,16) and His loving plan will come to pass.

To learn more about it, check out the free online books:The Gospel of the Kingdom of God and The MYSTERY of GOD’s PLAN: Why Did God Create Anything? Why Did God Make You?

Some items of possibly related interest may include:

Giving Thanks Are Christians supposed to give thanks? Why? Is unthankfulness warned against? Here is a link to a related sermon titled: Ingratitude and Giving Thanks.
Christians: Ambassadors for the Kingdom of God, Biblical instructions on living as a Christian This is a scripture-filled booklet for those wishing to live as a real Christian. A related sermon is also available: Christians are Ambassadors for the Kingdom of God.
Living as a Christian: How and Why? In what ways do Christians live differently than others. What about praying, fasting, tithing, holy days, and the world? There are also two YouTube video related to this: Living as a Christian: How and Why? and Living as a Christian: Pure Milk of the Word.
Living as a Christian: Strong Meat Can you handle solid spiritual food? A related sermon is available: Strong Meat: James 1-2 and Strong Meat: James 3-5.
What is the Unpardonable Sin? What is it? Can you repent of it? Do you know what it is and how to avoid it? Here is a link to a related sermon video The Unpardonable Sin and the Prodigal Son.
Praises to Jesus Christ or Biblical Hymns: Which Should Christians Primarily Sing? This biblical article on music is in response to an advertisement critical of WCG’s 1974 The Bible Hymnal. It also address early church practices here.
The Bible Hymnal via Amazon. This is the paperback edition of the hymnal used by the Continuing Church of God. It consists of all the songs that were part of the 1974 edition of ‘The Bible Hymnal’ used by the old Worldwide Church of God, plus ten other hymns that Herbert Armstrong approved that were written by Ross Jutsum. The songs in this book are essentially the Psalms and other passages in the Bible set to music. To access it free online, click: The Bible Hymnal. Amazon sells a hard copy of The Bible Hymnal for $8.99.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
The MYSTERY of GOD’s PLAN: Why Did God Create Anything? Why Did God Make You? This free online book helps answers some of the biggest questions that human have, including the biblical meaning of life. Here is a link to three related sermons: Mysteries of God’s Plan, Mysteries of Truth, Sin, Rest, Suffering, and God’s Plan, Mystery of Race, and The Mystery of YOU.