Fed’s Bernanke wants currency debasement program to continue

Ben Bernanke

U.S. Federal Reserve Chairman Bernanke wants to continue current $85 billion dollar per month dollar creation “stimulus”:

May 22, 2013

Federal Reserve Chairman Ben S. Bernanke defended the central bank’s record stimulus program under questioning from lawmakers, telling them that ending it prematurely would endanger a recovery hampered by high unemployment and government spending cuts.

“A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further,” Bernanke said today in testimony to the Joint Economic Committee of Congress in Washington…the pace of purchases from $85 billion a month… http://www.bloomberg.com/news/2013-05-22/bernanke-says-premature-fed-tightening-would-endanger-recovery.html

What the US Federal Reserve has been doing is known as “quantitative easing.” It is form of ‘money creation’ and is 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.

Hyperinflation will ultimately hit the US dollar. Even though the Euro and other currencies have been involved, the one that has been the most affected is the US 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 Fed Chairman) 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)

This statement by the Federal Reserve Chairman is sending a strong signal to the world that the USA does not know how to truly fix its economy, but that it hopes because its dollar is the primary world’s reserve currency that it can get away with currency debasement and the rest of the world will put up with it–and while that may be true in the short run, it is sending a signal 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. 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).

As the Anglo-American nations have not kept God’s commandments, they have become the greatest debtor nations of all time. And while some do not count quantitative easing as “debt,” it is an improper “solution” to the USA’s economic woes.

Since legalizing abortion, the USA has gone from creditor nation to the largest debtor nation of all time.

However, since Federal Reserve Chairman Ben Bernanke will not advocate that the USA turn to God, he seems to think that diluting the currency is the best choice. The signal that continuing quantitative easing is sending is that the USA does not intend to truly fix it problems, but is a sign of major underlying weakness.

The 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.
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?
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?
CG7 on Pornography This is an article excerpt from the Church of God, 7th Day-Denver about the pre valance of pornography.
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.
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.