Platinum and downgrade options
The Strength of Dollars Have Long Been Part of the “Pride of the Power” of the USA
(which will be broken per Leviticus 26:19)
Notice the following:
January 4, 2013
It had to happen.
Disgruntled opponents of the debt ceiling have dragged out the curious notion of using a loophole that allows the Treasury to mint platinum coins of any denomination.
In effect, outgoing Treasury Secretary Timothy Geithner is being urged to have a coin made with a denomination of $1 trillion, and to then deposit it with the Federal Reserve, thus eliminating the need for the periodic nasty fights over raising the debt ceiling. http://blogs.marketwatch.com/thetell/2013/01/04/10-tweets-about-the-1-trillion-coin/
The reality is that this “platinum option” is a joke as the US would not use a $ trillion dollars worth of platinum, probably around $2000 worth of the metal. While this might seem to “work” for a while, financial people around the world will see through this.
This is really not much more insane than “quantitative easing” where “assets” are grossly overvalued in order to try to “justify” debasing the US money supply through overproduction of currency without real goods and services. This is just a different way to pretend to fix a problem on the surface level, and one that U.S. government leaders might really consider. Pretending a couple of thousand dollars of platinum is worth trillions is absurd–and world leaders will realize this.
Notice that the Bible teaches the following:
12…Those who lead you cause you to err, And destroy the way of your paths.” (Isaiah 3:12)
16 For the leaders of this people cause them to err, And those who are led by them are destroyed (Isaiah 9:16).
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…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52)
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man… 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you (Habakkuk 2:3,5,6-8).
The platinum coin option is one way that some leaders are suggesting that the USA err. Other religious leader, including some that I have major disagreements with are noticing that. Here is one related item:
Fiscal Cliff? What About Our Spiritual Cliff?Our country’s financial problems, however, are nothing compared to the spiritual and moral cliff that is far more destructive to our nation than any economic concerns.
It is not just religious leaders who think that the USA is causing itself financial problems:
Why the next U.S. downgrade will really matter
Marketwatch, Dow Jones & Co – Jan 3, 2012
RBC Capital Markets is calling it: the U.S. is going to lose its triple-A rating from another rating agency. And this one may matter more because it would affect how investors have to look at the government’s debt…
Tom Porcelli, RBC’s chief U.S. economist, wrote in a note Thursday.
“This downgrade is likely to have a more significant market impact than the S&P downgrade” in 2011, he said. “In particular, many investors can look towards the most common rating of an issuer, so despite the AA+ rating from S&P most issuers could still count their Treasury and agency MBS [mortgage-backed securities] exposure in their AAA bucket” because it still has that top rating from Moody’s Investors Service and Fitch Ratings. http://blogs.marketwatch.com/thetell/2013/01/03/why-the-next-u-s-downgrade-will-really-matter/
At some point in time, the credit downgrades etc. will cause USA interest rates to go up. This will magnify the deficit and debt of the USA. And there will be massive national and international consequences.
Thousands of years ago, the Prophet Daniel was asked to interpret some handwriting that was written on a wall by only a hand that the king of the area personally witnessed (which is why he ultimately called Daniel to see it). The moral trend in that kingdom was not good according to Daniel (Daniel 5:22-23). After stating that, here is the interpretation that the prophet Daniel gave of that handwriting on the wall:
24 Then the fingers of the hand were sent from Him, and this writing was written.
25 “And this is the inscription that was written:
MENE, MENE, TEKEL, UPHARSIN.
26 This is the interpretation of each word. Mene: God has numbered your kingdom, and finished it; 27 Tekel: You have been weighed in the balances, and found wanting; 28 Peres: Your kingdom has been divided, and given to the Medes and Persians.” (Daniel 5:24-28)
That kingdom was taken over that very night (Daniel 5:30-31)–but the USA still has several years, at least, left.
But, let us look at the words from the wall and apply them to the United States.
- Mene: Your days as being on the top of the world order are numbered. And more in the world are starting to realize this.
- Mene: Despite signs of your decline, instead of repenting, you seem to be taking steps to speed it up–you are soon to be finished.
- Tekel: Your morality and “conscience” have been weighed in the balances, and found wanting.
- Peres/Upharsin: Your nation will be divided by the final Beast, the King of the North (Daniel 11:39), and he will make your people slaves as your nation will be finished.
As I have written many times, I doubt that the USA will have national repentance, so it is on the way to destruction. A lot of what has come out of the White House, Congress, and other politicians have not been real solutions to the problems that the USA is facing. But that does not preclude individual repentance. And that is something that you and I can do.
For articles of additional related prophetic interest see:
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.
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?
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?
Prophecies of Barack Obama? Are there biblical and non-biblical prophecies about Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? This is my longest article on biblical and non-biblical prophecies that may involve Barack Obama.
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”? What is ahead for Europe?
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