Euro, dollar, and gold: Reserve currency?

Europa Woman Riding the Beast Coin
Greek 2 Euro Coin Shows Europa Riding the Beast

Here is a view of what is happening to the Euro and the US dollar:

The Dying Dollar and the Rise of a New Currency Order

For years now, the collapse of the dollar has been in the cards…The roles of a reserve currency are to finance international trade and to function as a store of value for Governments. Until the second world war it used to be the British pound, but with the demise of the British Empire, the pound lost its international relevance and was overtaken by the dollar…

And there is of course the euro, which, make no mistake, is in great shape. True, Eurocrat legitimacy is suffering because of the euro crisis, even in Germany the currency is losing support. But the euro crisis is purely for internal consumption, to sucker the nations into surrendering budget responsibility to Brussels. This is the final frontier for a full blown EU federalist Super State. While the euro is deeply hated, this is not really a problem for the Money Power: it isn’t in this business to make friends and it does not mind a big fight. It only fears real alternatives and these are nowhere to be seen. There is nobody proposing anything real, people are just letting off steam. Once they get their fiscal union, the crisis will quickly end. People have a short memory.

The euro was designed to be eventually backed by Gold and the ECB has enough of the stuff to be ready for the coming transition.

Conclusion
We are seeing the advent of the new currency order…These units will be at least partially Gold backed…http://realcurrencies.wordpress.com/2013/04/07/the-dying-dollar/

While various pundits believe that Europe will fail, and its currency possibly could (though if so, it will be replaced), the reality is that Europe is getting in better shape than the USA.

Ultimately, Europe’s economy does not need to be perfect.

It just needs to be perceived as better than that of the USA’s in order to dominate. And as long as the USA is, between federal government deficits, quantitative easing programs of the Federal Reserve, and trade deficits, producing around USD$2,000,000,000,000 in unbacked US dollars per year, the time will come when Europe will look significantly better than the USA.

Forbes reported the following view:

Gold Will Get The Last Laugh On Central Banks…

Cyprus bowed to EU, ECB and IMF instructions to sell gold, albeit only $500 million, a relative pittance, generating an unmistakable tell tale. Thou shall not regard gold as a currency or value store. The markets careened in its face.

The Federal Reserve also wants to beat up on gold, via its drumbeat, suggesting that liquidity may be drying up and monetary easing might end soon. Never mind that recent economic data, on the whole, appears much weaker than expected, or that any halt to U.S. monetary easing could only follow higher inflation and commodity prices.

In short, the West desperately wants to maintain the dollar and euro as reserve currencies. To keep the status quo, however, Western economies must also ensure that gold remain in the background. Otherwise, the central banks could no longer control commodity prices or virtually anything else in the monetary realm.

I’m not a conspiracy buff, but everything suggests that the West, in ways not necessarily illegal, hopes to kneecap gold. It may work for a while, too but eventually gold will migrate into a reserve currency basket and its price will advance many times from its current level. http://www.forbes.com/sites/greatspeculations/2013/04/17/gold-will-get-the-last-laugh-on-central-banks/

Despite its prophesied problems (Daniel 2:41-43), Europe will rise up, make a deal with the harlot woman of Revelation 17, and become the end time Beast power of Revelation 13, obtain gold (Daniel 11:40-43), and dominate the world’s economic scene.

As far as the Euro, dollar, and gold, here is some of what my book says about that:

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. 4^th century): God will reveal to this king all the gold wherever it happen to lay concealed from view…

One side note is that, in Egypt, major gold deposits were found in 2006. This is relevant for a couple of reasons, including that it does prove that Egypt now does have enough gold that some foreign power would be interested in taking/using it (and in that respect is a fulfillment of biblical prophecy).

It seems 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. 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.

Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other 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 (and will happen, to a degree, before that King arises).

The financial policies of the Obama Administration (which are a massive acceleration of the previous policies of the Bush Administration) are heading the world into the direction that something other than the U.S. dollar will be valued as its reserve currency.

(Thiel B. Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term. Nazarene Books, 2013, pp. 132-133)

The time is coming that the USA dollar will be worthless. And yes, the Bible tells that for a time gold will be worthless, but that does not happen until years after the demise of the US dollar.

Although the USA is not likely to repent to prevent this nationally, personally you can repent as well as physically take steps.

Some articles of possibly related interest may include:

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.
Do Christians Sin? This is an article by Herbert W. Armstrong.
Overcoming Sin What is sin? How are Christians suppose to overcome it? Here is also a link to a video titled How to Overcome Sin.
How to Prevent Sin This is an article by Herbert W. Armstrong.
Just What Do You Mean Conversion? Many think that they are converted Christians. But are they? Would you like to know more about conversion. Herbert W. Armstrong wrote this as a booklet on this important subject.
False Conversion Have you really been converted? Herbert W. Armstrong wrote this article on this important subject.
All About Water Baptism What is baptism? Would you like to know more about it. Herbert W. Armstrong wrote this as a booklet on this important subject. As far as early history, see also Baptism and the Early Church.
God’s Grace is For All Is being Jewish a hinderance to salvation? What about not being a descendant of Israel? What does the Bible really teach?
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?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something?
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?
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? 2021 or 20xx?
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? See also the video Can the Great Tribulation Begin in 2013?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.