US Federal Reserve announces plan to continue to debase the value of the US dollar

Ben Bernanke

The US Federal Reserve has decided to continue to inflate the amount of US currency by $85 billion per month:

(Reuters) – The U.S. Federal Reserve said on Wednesday that it would continue buying bonds at an $85 billion monthly pace for now, surprising financial markets that were braced for a reduction in the central bank’s economic stimulus.

Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against the tapering of asset purchases that investors had all but priced into stock and bond markets.

“The committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases,” the U.S. central bank said in a statement announcing its decision. Esther George of the Kansas City Fed again dissented, saying she was worried about financial bubbles due to the Fed’s low rate policy…

The move comes against the backdrop of a somewhat gloomier outlook for economic growth from U.S. Fed officials. http://www.reuters.com/article/2013/09/18/us-usa-fed-idUSBRE98G1D620130918

WASHINGTON — Despite improvement in the labor market over the last year, central bank policymakers were not confident enough yet that the economy could handle a reduction in a key stimulus program to move ahead with a pullback this month, Federal Reserve Chairman Ben S. Bernanke said Wednesday. http://www.latimes.com/business/money/la-fi-mo-federal-reserve-bernanke-tapering-20130918,0,5685386.story

This “bond buying” process program has been called “quantitative easing.”

Quantitative easing is form of ‘money creation’ and is also sometimes called an “asset repurchasing” program. Yet, this is mainly a sham operation that debases the value of the U.S. dollar (mainly the government prints up money electronically and the “asset” purchased is a U.S. treasury note, not a real asset like, let’s say, an oil well; yes there are also some mortgages purchased which have ties to real assets, but there are problems there as well). Calling if counterfeiting is not too far off of a description of it. If the Federal Reserve would pay more attention to scripture, he would not have proposed it.

Quantitative easing will help destroy the USA dollar.

Inflating the money supply through currency debasing (QE1, QE2, and QE3) and debt is not something advocated in the Bible. Notice:

4 Take away the dross from silver (Proverbs 25:4a).

25 I will turn My hand against you, And thoroughly purge away your dross, And take away all your alloy. (Isaiah 1:25)

22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)

Dross is a cheaper metal that is normally placed inside a covering of a precious metal like silver. Governments began to do this thousands of years ago when they had financial problems. Putting dross into silver cheapens currency, just like putting water into wine dilutes the wine’s value. In modern times, government spending in excess of revenues and quantitative easing programs (QE1, QE2, and QE3, from the Federal Reserve) are a way to dilute the value of currencies. This is not the biblical solution to US economic problems.

Quantitative easing programs are a form of “dishonest profits” that the U.S.A. is improperly reaping because of its position in the world, but that is not good:

13 “Behold, therefore, I beat My fists at the dishonest profit which you have made, and at the bloodshed which has been in your midst. 14 Can your heart endure, or can your hands remain strong, in the days when I shall deal with you? I, the Lord, have spoken, and will do it. 15 I will scatter you among the nations, disperse you throughout the countries, and remove your filthiness completely from you. 16 You shall defile yourself in the sight of the nations; then you shall know that I am the Lord. (Ezekiel 22:13-16)

US debt, combined with programs such as the Federal Reserves’ quantitative easing, are sending signals to the rest of the world that the US dollar needs to be replaced as the world’s primary reserve currency. Now, the real cause of why all of this is happening to the USA is sin, but the Federal Reserve would not dare to bring much of that up. Because of it’s increasing secularism, greed, and tolerance for sexual, abortive, and other sins, the USA is getting closer to reaping more what it has sown:

7 Do not be deceived, God is not mocked; for whatever a man sows, that he will also reap. 8 For he who sows to his flesh will of the flesh reap corruption, but he who sows to the Spirit will of the Spirit reap everlasting life. (Galatians 6:7-8)

One of the many cursings that were prophesied in the Bible to be reaped for disobedience was that of accumulation of debt:

43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed, because you did not obey the voice of the LORD your God, to keep His commandments and His statutes which He commanded you (Deuteronomy 28:42-45).

The USA has become the greatest debtor nation of all time. And while some do not count quantitative easing as “debt,” it is an improper “solution” to the USA’s economic woes. If the Fed Chairman would pay more attention to the Bible, he would advocate better moral policies as well as better economic ones.

Other than the return of Jesus Christ and the establishment of the kingdom of God, national repentance is the only real long-term hope for the USA (and it seems to be too late for that), the political leadership in the USA has largely ignored that approach. The carnal “solutions” offered and agreed to by both political parties in the USA will not get it back on track economically. Its economy may appear to do better for a while, but in the long run, the USA does not have real solutions to its economic woes. There are carnal solutions that the USA could do now (such as several related to energy production, regulatory relief, and tariff policies) that could help extend the situation, but too many of its leaders have rejected God and have the type of “reprobate mind” that allows them to approve immorality (like homosexuality and lesbianism) that prevents them from properly seeing even those “convenient” options (cf. Romans 1:18-32, KJV). In my view, most politicians and the Federal Reserve truly do not understand production, economics, job-creation, nor the Bible.

Since legalizing abortion, the USA has gone from creditor nation to the largest debtor nation of all time (watch also the video Abortion, the Bible, and US Debt).

Federal Reserve officials and others may wish to consider studying the following prophetically-oriented writings:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves?
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.
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
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.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Just What Do You Mean the Kingdom of God? A booklet that was written by Herbert Armstrong answers questions about the Kingdom.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Cross-dressing and other assaults against your children. What should you do? Is there an agenda to turn your children and/or grandchildren away from biblical morality and towards practices promoted by homosexuals? What does the Bible teach about cross-dressing? What should parents do? If there is an agenda, what has been going on? There is also a YouTube video on this, titled Cross dressing and Other Assaults Against Your Children.
The Bible Condemns Homosexuality “Same-sex marriage” for “gays” and lesbians is becoming more acceptable to many. What does the Bible teach about homosexuality? Can homosexuals change?
Pornography: A scourge on society Is pornography harmless fun? Does the Bible teach anything about it? What are the views of some involved with it?
British and American Moral Decay Public nudity is becoming more prevalent in the Anglo-lands. What are some of the consequences?
Abortion, the Bible, and a Woman’s Right to Choose Do you know what the Bible teaches on this? Has the Roman Catholic Church allowed abortions? What about the real Church of God? Some may also, or instead, wish to view the YouTube video Abortion, the Bible, and US Debt.
Prophecies of Barack Obama? Reasons why Barack Obama is apocalyptic and reasons why Barack Obama is not the Antichrist. This article includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.