Some analysts expect ‘Europhoria’ and QE3 to continue

European Central Bank, Frankfurt (Eric Chan)

Some are thinking that the Euro will continue to strengthen as the USA continues to debase its currency through its ‘quantitative easing’ programs:

Currency markets reach ‘Europhoria’ amid dollar dip

October 28, 2013

The euro is only set to get stronger this week, according to currency analysts, with the dollar weakening further against the single currency as the U.S. Federal Reserve is poised to put delay “tapering” its bond-buying program.

The euro was trading at 1.3808 against the dollar on Monday morning, its highest level for nearly two years and testing resistance at the $1.3830 mark. According to Kit Juckes, global head of foreign exchange strategy at Societe Generale, the euro’s buoyancy looks set to continue for some time…

The Fed is widely expected to extend its $85 billion-a-month asset purchase program when it meets on Wednesday, with the shutdown likely to hit growth data in the United States. This extra liquidity would push the dollar even lower with investors turning instead to currencies that aren’t affected by quantitative easing (QE) – like the euro.

“The recent strength of the euro is not so surprising given that (European Central Bank) ECB is the only G3 central bank not engaged in QE (at least for now),” Cynthia Kalasopatan of Mizuho Bank said in a morning note on Monday. http://www.cnbc.com/id/101147568

While the Euro will have times it will go down as well as up, the bigger issue here is that the USA continues to debase its currency and it expected to keep doing so. Quantitative easing is form of ‘money creation’ and is also sometimes called an “asset repurchasing” or “bond-buying-stimulus” program. The current version of it is called QE3 (there were two prior versions of it).

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 sometimes 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.

Notice some of what the Bible teaches about money:

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, USA 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. Ultimately, the US dollar will have no monetary value (it may have some minor value as a fuel source, novelty, or something else). The fact that the USA continues to inflate the money supply (combined with other events that will happen, a so-called ‘perfect storm’ ) is setting the stage for a time the USA dollar will be worthless.

Although some realize that the USA is a superpower in decline, most do not really understand how bad it will get.

Quantitative easing and debt increases 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, and will not last indefinitely:

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.

The Bible teaches that a European power will control much of the world’s economy and for a time, many will benefit from it, but that those economic benefits will not last:

15 He was granted power to give breath to the image of the beast, that the image of the beast should both speak and cause as many as would not worship the image of the beast to be killed. 16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:15-18)

9 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’

11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: 12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; 13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men. 14 The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all. 15 The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing, 16 and saying, ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! 17 For in one hour such great riches came to nothing.’ Every shipmaster, all who travel by ship, sailors, and as many as trade on the sea, stood at a distance 18 and cried out when they saw the smoke of her burning, saying, ‘What is like this great city?’

19 “They threw dust on their heads and cried out, weeping and wailing, and saying, ‘Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.’

20 “Rejoice over her, O heaven, and you holy apostles and prophets, for God has avenged you on her!” (Revelation 18:9-20)

This Babylonian Beast power will also be a successful military one (Revelation 13:4)–it will be so successful that it will take over the country with the “strongest fortresses” according to Daniel 11:39 (in the 21st century, is that not now the USA?). It will be a European power (see also the video: Can You Prove that the Beast to Come is European?).

While the Bible does show that the Europeans will have at least two major reorganizations in order for the final King of the North to attain power (see Revelation 17), steps for the end time Babylonian power to rise up are being taken as various news events confirm.

Currency debasing policies in the USA are a contributing factor to the destruction of the USA dollar and are making it possible for some type of currency with European backing to replace it.

Some articles of possibly related interest may include:

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?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies 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? What MUST happen BEFORE the Great Tribulation?
When Will the Great Tribulation Begin? 2013, 2014, or 2015? 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?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo (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 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. A video of possible interest may be Will Will USA Spying Help the Beast Power?
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? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
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.
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