ZH: Eight Central Banks Increased Gold Holdings In May; BC: Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS
Eight Central Banks Increased Gold Holdings In May https://t.co/WmNQObPT8p
— zerohedge (@zerohedge) July 6, 2023
ZeroHedge posted the following:
Eight Central Banks Increased Gold Holdings In May
July 6, 2023
Eight central banks added gold to their reserves in May …
Poland was the biggest buyer in May, adding 19 tons of gold to its reserves. This follows on the heels of a 15-ton increase in April when the National Bank of Poland resumed buying gold. May’s purchase was the largest increase in the country’s reserves since June 2019 when the bank boosted gold holdings by almost 100 tons.
In the fall of 2021, Bank of Poland President Adam Glapiński said the central bank planned to add 100 tons of gold to its reserves in 2022. It’s unclear why the bank didn’t follow through. This recent purchase could signal the beginning of another round of buying to reach that 100-ton goal.
Poland currently holds 263 tons of gold.
The People’s Bank of China extended its gold buying spree for a seventh-straight month with a 16-ton addition to its official reserves. ... Many analysts believe China is the mystery buyer stockpiling gold to minimize exposure to the dollar.
The central banks of Singapore (4 tons), Russia (3 tons), India (2 tons), the Czech Republic (2 tons), Iraq (2 tons), and the Kyrgyz Republic (2 tons) were the other notable buyers.
A statement by the Iraqi central bank said, “The purchase came with the aim of increasing its holdings of gold in light of the economic and political conditions that the world is witnessing.” https://www.zerohedge.com/geopolitical/eight-central-banks-increased-gold-holdings-may
Many in the world are looking to claim at least some type of gold standard to tie in with a currency other than the US dollar.
Notice:
BRICS countries plan to introduce new currency pegged to gold
July 4, 2023
Discussions on the introduction of the new currency are due to take place at an upcoming meeting in Johannesburg in August, Azernews reports, citing Bloomberg.
The decision was taken because of the large number of countries wishing to join BRICS.
BRICS foreign ministers have asked experts from a specially created bank to provide advice on how a potential new common currency could work.
The foreign ministers of Brazil, Russia, India, China, and South Africa discussed how BRICS could gain greater global influence and challenge the US. https://www.azernews.az/region/211818.html
Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS
July 6, 2023
Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) called for de-dollarization and increased strategic alliances with international organizations, including the BRICS economic bloc at the 62nd Summit of Heads of State of Mercosur and Associated States in Puerto Iguazú, Argentina.
The Southern Common Market, also known as Mercosur, is a South American trade bloc whose full members are Argentina, Brazil, Paraguay, and Uruguay. Venezuela joined as a full member in 2012 but was suspended indefinitely in late 2016. Bolivia, Chile, Colombia, Ecuador, Guyana, Peru, and Suriname are associate members of Mercosur, with Bolivia currently in the process of becoming a full member. …
The Bolivian president tweeted Tuesday at the conclusion of the meeting (translated by Google):
Our region is seriously affected by the restrictions imposed by the northern financial system, which limits financing options, making it necessary to reduce dependence on the U.S. dollar and diversify our economic relations.
“We must seek strategic alliances with other international actors, such as China, in a Eurasian and Asian bloc that, organized within the BRICS and other integration mechanisms, are projected as spaces for the construction of a new world economic order,” he added. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. https://news.bitcoin.com/bolivias-president-calls-on-south-american-countries-to-ditch-us-dollar-bolster-alliances-with-china-and-brics/
What about the Europeans?
Well, they are watching this.
Furthermore, the Europeans have been planning on a gold standard of some sort to push aside the US dollar since the 1970s.
Here is something from Jan Nieuwenhuijs last Fall:
Gold Is The Only Way Out For Central Banks …
October 19, 2022
There is a big difference between how gold is valued on the balance sheets of European central banks versus the Federal Reserve. The Fed holds gold certificates on the assets side of its balance sheet, which correspond to the Treasury General Account on the liability side of its balance sheet. The Treasury being the owner of the gold. Revaluing gold wouldn’t profit the Fed, but it would profit the Treasury.
In the eurozone, central banks carry gold outright on their balance sheets. Since the Eurosystem was launched in 1999, these central banks have continuously mark-to-market their gold. (Unlike in the U.S. where the monetary gold is still valued at the statutory value of $42.22 per troy ounce.) From an accounting perspective, European central banks have created a capital buffer, consisting of unrealized gains in the gold price, to absorb losses on bad debt. …
I have shown that since the 1970s monetary gold has been more evenly distributed around the world, supported by gold sales from European nations that relatively owned too much. The Dutch Minister of Finance officially stated in 2011:
Through gold sales in the past, the Dutch central bank brought its gold holdings relatively more in line with other important gold holding nations.
At the time, DNB [Dutch central bank] determined that from an international perspective it owned a lot of gold proportionally.
By distributing gold reserves, Europe has prepared an equitable international gold standard. Furthermore, on its website the Dutch central bank is clear on gold’s potential:
Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, … Gold is the perfect piggy bank – it’s the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. https://talkmarkets.com/content/commodities/gold-is-the-only-way-out-for-central-banks?post=282992
Back in 2020 (see ‘Europe Has Been Planning A Gold Standard Since The 1970s’ Collapse of US$ and Pound Sterling?), I posted the following from Jan Nieuwenhuijs:
Europe Has Been Planning A Gold Standard Since The 1970s
- Research reveals that European central banks have prepared a new international gold standard.
- The U.S. opposed the end of the two-tier system, because this would increase the official price of gold and put it back in the center of the international monetary system.
- Europe is well prepared for a gold standard.
- The trend in Asia is also increasingly against dollar dominance and in favor of gold.
Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.
In my view, the current fiat international monetary system is ending- …
One of the reasons the euro was created was to counter dollar dominance. Many decades before it was launched, Western Europe started to integrate. … we know the U.S. opposed monetary cooperation in Europe, for the simple reason it didn’t want competition for the dollar hegemony. Below are excerpts from a telephone call between U.S. National Security Advisor, Henry Kissinger, and Deputy Secretary of the Treasury, William Simon, on March 14, 1973.
Kissinger: … I basically have only one view right now which is to do as much as we can to prevent a united European position without showing our hand. … I don’t think a unified European monetary system is in our interest. ..
The “European solution” was to fix the exchange rates of the EEC’s currencies, and float as a bloc against the dollar. The “common float” would enhance trade within Europe and show the world Europe’s unity and leadership. This was not in the interest of the U.S. According to Under Secretary of the Treasury for Monetary Affairs, Paul Volcker, the European solution was a euphemism for saying:
“Let’s leave the United States out of the world and go our independent course.”
Furthermore, the EEC took the stance that central banks should be able to buy and sell gold at a marked-related price, both among themselves and on the free market. …
The French, and some of its allies, wanted gold’s importance to increase in the international monetary system and stabilize its price “at a later date.” Which boils down to a gold standard. The Federal Reserve favored a continuation of the two-tier market, which in practice meant gold’s demonetization.
Right after the two-tier system was cancelled in 1978, eight European countries launched the European Monetary System (EMS). …
Remarkably, what I discovered is that European central banks started selling gold in the 1990s to equalize their gold reserves relative to other nations. A new gold standard would be equitable if all gold was distributed evenly, which is what European central banks have been managing. …
The Chinese government aims to elevate the amount of private gold per capita, to bring it more in line to the global average. China’s gold strategy matches Europe’s gold strategy in terms of equalizing reserves (next to the obvious reasons to own gold in the first place).
From previous research, I know approximately how much private gold is in India, China, France, Italy, and Germany. When I combine the private and official gold reserves of these countries, and compare it to GDP per capita, these measures appear to be quite close to each other. …
Germany, the Netherlands, Hungary, Poland, Turkey, and Austria have repatriated gold from the Federal Reserve Bank of New York and Bank of England. These countries show to assign greater importance to gold as a reserve asset versus fiat currencies, and their trust in the U.S. and U.K. as custodians has waned. In the words of the Polish central bank:
central banks usually strive to diversify their gold storage locations, … to limit geopolitical risk, the consequence of which could be, for example, loss of access or limitation of the free disposal of gold reserves kept abroad.
Storing gold on domestic soil is safer than abroad, but having some of it in trading hubs such as London allows the gold to be used more easily for, i.e., swaps and international settlement. According to the German central bank their repatriation scheme had three objectives: cost efficiency, security, and liquidity. …
European central banks are confessing their own paper money system is failing. They can’t say this explicitly because it would cause instant panic in financial markets, but how much more obvious can they make it?
In my opinion, these central banks are alluding to a new monetary system based on gold.
Conclusion
We have established that, since the 1970s, Europe has been countering the dollar hegemony and wanted gold back in the center of a new “equitable and durable system taking into account the interests of the developing countries.” Subsequently, they have equalized official gold reserves internationally, strategically allocated their gold, upgraded their gold to current industry standards, and are now promoting gold as the “perfect piggybank” and as “protection against high inflation.”
The trend in Asia is also increasingly against dollar dominance and in favor of gold. …
Although it’s clear that Europe and other nations are prepared for a new monetary system that incorporates gold, it’s unknown how this system will look like. 07/16/20 https://seekingalpha.com/article/4358798-europe-preparing-global-gold-standard-since-1970s
Before going further, let me state that there is a YouTube video that disagrees with this article. Essentially it says that although Europe may have wanted to go to a gold standard, it has deviated too much over the years to be considered serious about it.
Yet, I maintain that Europe will have some type of at least implied gold backing of its currency–and I have been writing that for over a decade–and still stick to that because of various biblical prophecies involving the King of the North Beast who will arise in Europe.
Now, it should be noted that for the next few years, gold prices will tend to rise and fall in relationship to the US dollar. Gold prices are currently near historic highs as priced in various currencies, including the US dollar. The massive printing of electronic money by the US will not only be a factor in the demise of the US (cf. Habakkuk 2:6-8), it will also seem to be a factor that will push Europe more towards gold.
Perhaps it should be pointed out that there is more official gold in Europe than in the US (unofficial, private, gold levels are harder to determine)–here is a link to something posted here in September 2022: The Plain Truth and European Gold.
After the US dollar is gone, the Bible shows that Europe will dominate international trade and finance, and this will involve gold (cf. Daniel 11:37-43; Revelation 18).
In my 2017 book, Donald Trump and America’s Apocalypse, I wrote:
Gold will set records in US dollar terms. (p. 170)
It did in 2020–gold futures passed $2000 for the first time ever in July 2020 (Gold hits new record, posts best month since 2016. CNBC, July 30, 2020). Notice also:
“The price of gold shot up to an all-time high of US$2,067.15 per ounce on Aug. 6” (Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020).
Yes, records in the price of gold compared to the USA dollar were hit.
In my 2021 book, Biden-Harris: Prophecies and Destruction, I also wrote:
Gold will set records in US dollar terms. (p. 167)
The Wall Street Journal reported:
Signals that the Federal Reserve might be done with raising interest rates sent gold prices close to record highs. … In thin early Asian trading, they popped to $2085.40.
Gold will go up even higher than that (though it will have drops as well).
The Bible shows that the European King of the North will end up with gold. Notice something that I wrote about this in my 2021 book Biden-Harris: Prophecies and Destruction:
Joe Biden is destined to take steps that ultimately will aid in the fulfillment of end-time biblical prophecies. Furthermore, several of the stated policies for the Biden-Harris Administration have biblical ramifications.
For example, as president, Joe Biden will have to deal with the fact that the U.S.A. is the most indebted nation in the history of humanity. Plus, he has pledged increasing it further (The Biden Emergency Action Plan to Save the Economy. JoeBiden.com, accessed 12/16/20)
Debt is a prophesied problem (cf. Habakkuk 2:6-8). But many in the media as well as politically-inclined economists do not see it that way—but that is too short sighted (cf. Ecclesiastes 8:11). …
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. 4th century): God will reveal to this king all the gold wherever it happen to lay concealed from view … (Tzima Otto, pp. 76, 102, 114)
One side note is that, in Egypt, major gold deposits were found in 2006 ( Gold Mine Worth LE 23 Billion (and counting). Egypt Today, August, 2006). This is relevant as it does suggest that Egypt now has enough gold that a foreign power could be interested in taking/using it as Bible prophecy teaches.
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. In 2017, I also published that in my book related to Donald Trump, and it did hit records in July and August in 2020 (old hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020).
It has been proposed that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance” (Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016).
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.
The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the U.S.A. dollar.
Having the European power acquiring more gold to back the Euro or possibly another 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, even if the backing is only implied.
The debt accumulation policies of the Obama-Biden and the Trump-Pence Administrations, which were a massive acceleration of the previous policies of the Bush Administration, look like they will be continued by a Biden-Harris Administration.
The increases in America’s debt are heading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.
A Biden-Harris Administration would need to make massive changes to possibly prevent this.
The U.S.A. and its dollar are at serious risk.
The Biden-Harris Administration did increase US debt since that writing was published (which was a within a day of when Joe Biden took office). Such debt is expected to increase even more.
The Russians and Chinese have been making gold moves (watch US Dollar being challenged by Gold-Petro-Yuan). Russia and China are working towards a world where the US dollar is not the world’s primary reserve currency and a world where gold rises up (see The End of US Dollar Dominance).
Here are some items from the old Plain Truth magazine, as well as scriptures and comments, about gold. Because the USA was starting to not have enough gold to back its dollar, way back in 1961, the Plain Truth reported:
Germany, Japan have the largest surpluses of GOLD and DOLLARS…Rich Uncle {Sam} has the greatest deficit in governmental history and a GREATER DEBT than all the REST OF THE WORLD COMBINED!…
Vast foreign aid programs drain the U.S. Treasury … American spending to supply services and to support our troops in foreign countries and military installations around the world amounts to…dollars flowing out of the frightened U.S. Treasury. All of these factors, combined with heavy taxes, gigantic public and private debt, and no gold backing for our own currency if foreign investors demanded gold for their dollars, adds up to the staggering revelation that the U.S., richest nation in the world, is bordering on bankruptcy! (Hill DJ. What the US Gold Crisis Means to You. Plain Truth. February 1961, p. 9).
Back in 1971, the Plain Truth mentioned gold and that a currency coming out of Europe would replace the USA dollar:
FOR 40 YEARS, (1931 to 1971) the American dollar reigned supreme in world trade and finance. From 1945 to 1958, the dollar was considered better than gold to most developing economies…
On August 15, 1971, President Nixon revealed his new economic plan. One part of the strategy was to cut loose the dollar from gold, in effect letting it “float” in foreign transactions until natural market pressure would decide its best value…
The European Common Currency appears to be the most likely successor to the dollar in this long line of monetary dynasties. Europe is the only continent with sufficient gold backing…
… and What About Gold?
The gold standard is not sacred. It is only about 100 years old in the history of man, a product of evolution as much as any social institution. But in a world of sovereign powers, there must be some standard to finance international trade and domestic currency. Gold has the confidence of more people than any other standard, especially in Europe. (Alexander G. America faces “The Dollar Crisis”. Plain Truth magazine, October 1971, pp. 3-4)
Notice a 1981 article about inflation and gold:
Why Gold?
What does uncertainty in the world’s financial system portend for the future? How will it affect you? And what about the value of gold? Gold has been the most sought after form of money for thousands of years. By universally accepted definition, money is anything that serves as a store of value and as a medium of exchange. Historically, gold has fit that description better than anything else. Because it is relatively scarce, virtually indestructible and possesses a wide range of artistic and functional uses, gold became the standard in most economies. It was easily coined, highly portable and universally recognized for its value.
Even though the supply of gold is limited, demand for the metal seems to be infinite. Commodities such as food crops or industrial output can have price swings based on demand, weather, poor economic policies or disasters. None of these affects the total supply of gold. It maintains its value in relation to other commodities regardless. Thus it has acted as a financial constraint and stabilizing factor. People trust gold because it has been an instrument of monetary discipline and a standard of measure by which to measure other commodities.
Gold acts as a check on governments and politicians. Paper money came into use because it was more convenient to use than gold.
However, historically the amount of paper money in circulation was tied to the amount of gold a nation possessed. When people knew that gold backed up their currency, they trusted their money. But even though people may trust gold, they don’t necessarily trust their leaders. In the words of George Bernard Shaw: “The most important thing about money is to maintain its stability…. With paper money this stability has to be maintained by the government. With a gold currency, it tends to maintain itself…. You have to choose as a voter between trusting the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.” The goal of every political leader is to remain in power. In a democracy, he must retain his popularity to be reelected.
Extravagant social welfare schemes and public works help to perpetuate the government’s power, even though the country may not be able to afford the expense. If a political leader can get rid of the gold standard, then there is no restraint on the amount of paper money the government can print. The deficit between collected taxes and government spending can be made up through printing extra money. But the effect of these shortsighted policies soon becomes apparent. More and more paper money chases the available goods and services — the result is inflation. Witness the situation in the United States today. Since 1971 the dollar has had no relationship to gold.
Multibillion dollar deficits in government spending have been covered by printing extra dollars. Because the dollar is not convertible to gold, there is no check on government spending and the citizens suffer from consequent inflation. Inflation becomes a vicious circle with everyone eventually losing. As Voltaire concluded, “All paper eventually returns to its intrinsic value — zero.” In 1871 the British economist David Ricardo noted, “Experience has shown that neither a state nor a bank ever had the unrestricted power of issuing paper money without abusing that power.” The United States, blessed with staggering wealth, vast natural resources, and phenomenal industrial and agricultural output, is in a serious financial situation. It makes no sense — except for the fact that national leaders were quite prepared to dilute the value of the nation’s money supply. The decision defrauded the citizens by stealing the purchasing power of wages and savings. This sinister aspect of inflation was explained by the British economist John Maynard Keyes in 1919: “By a continuing process of inflation, governments can secretly and unobserved, confiscate an important part of the wealth of their citizens.” Mr. Keynes himself advocated this form of government policy. But as people begin to experience inflation and see their wealth quickly disappearing, they try to protect themselves through investing and speculating in more stable commodities, including gold.
Speculation in gold is a symptom, and a warning, of a distorted government-ravished economy. It is a sign of loss of trust and faith by men in their own system and political leaders. (Curry J. HOW GOLD, INFLATION AND GOVERNMENT IMPACT YOU. Plain Truth, April 1981)
Other articles from the old WCG also predicted that the Europeans would end up with their own European currency and that it would be expected to replace the dollar. Notice the following:
Envision the startling future of Western Europe… A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U.S. dollar as the kingpin currency of world trade. (Hogberg G. EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, May 1971)
The Europeans do have their own currency–part of the reason for the euro was to push aside the US dollar. And while the euro has not yet replaced the dollar, the time will come when the world will NOT keep the US dollar as its primary reserve currency.
Of course, to replace the USA dollar it will take many nations to turn away from it.
But the USA has been pushing many to do so.
Notice following 2020 report about the collapse of the US$ and the British pound sterling:
I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. … The UK Government, in opting to side with America and cut ties with China, has probably thrown away the one significant chance it has of not seeing sterling collapse with the dollar.
A possible salvation might be to hang onto Germany’s coattails if it leaves a sinking euro to form a hard currency bloc of its own, given her substantial gold reserves. But for now, that has to be a long shot. 07/16/20 https://www.goldmoney.com/research/goldmoney-insights/the-pound-s-future-in-a-dollar-collapse
The Bible actually warns that the UK will try to ask Germany for help after the USA is no more (cf. Hosea 5:13, 7:11; see also Germany in Biblical and Catholic Prophecy). But that will not save the UK.
It should be noted that the Bible does show that gold will have value into at least the first few couple of years of the Great Tribulation. Here are some end time prophecies from scripture that help show that:
40 “At the time of the end…43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)
14… And the wealth of all the surrounding nations
Shall be gathered together:
Gold, silver, and apparel in great abundance. (Zechariah 14:14)12 … merchandise of gold and silver, precious stones and pearls … 16 … ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:12, 16)
4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)
There are no similar statements backing up the future value of paper items, like the US dollar or the British pound (scripture, indirectly, teaches their elimination, for details see Anglo – America in Prophecy & the Lost Tribes of Israel). Daniel 11:24 shows that the leader mentioned in Daniel 11:40-43 will somehow also be accumulating wealth prior to this time, and that may involve gold accumulation (cf. Daniel 11:38). Perhaps to back up a European supported currency, he also may end up with personal and/or national gold reserves and/or wealth from the Vatican. The Vatican has a vast amount of wealth and is prophesied to be improperly involved with the kings of the earth in the end times per Revelation 17.
Although gold will be tossed into the street later per Ezekiel 7: 19, that will be AFTER the US dollar collapses as scriptures like Habakkuk 2:6-8 and Daniel 11:39 point to. Daniel 11:39 is the start of the time of Jacob’s trouble (Jeremiah 30:7) also known as the Great Tribulation (Matthew 24:21).
The world will have been used to the stability of the US dollar and Europe will want to try to have that type of confidence in its final currency. It will get more gold!
The Continuing Church of God (CCOG) has the following videos on our Bible News Prophecy YouTube channel:
Gold is so valuable it is called a precious metal. What nation has the most of it? Is there an area of nations with more? Will gold last longer than the USA dollar? Are there properties about the Beast and/or the Antichrist in the Bible that show that the European Babylonian Beast power will amass gold during the time of the Great Tribulation? Are there Eastern Orthodox prophecies that look forward to this? Are there biblical and Roman Catholic prophecies that warn against this? Are European central banks already accumulating gold? Did Swiss America state that some central banks are leaning towards a gold standard? Might the coming King of the North accumulate gold to use to help shore up his currency after the demise of the US dollar? Dr. Thiel addresses these issues and more.
China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US-dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it looked like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.
Here are links to the sermonette videos: Beast Prophecies and European Gold and Gold Backed Currency to Replace the US Dollar?
The Europeans, Russians, Chinese, and others are in the process of accumulating gold.
Biblically, we can be sure that Europe will amass more gold shortly after the start of the Great Tribulation (cf. Daniel 11:43; Revelation 18:12,16).
Major economies of the world are increasing gold reserves, and part of the reason is to dethrone the US dollar.
One day, the US dollar will cease to be worth any more than the scrap value of the cotton-paper it is printed on.
Some items of possibly related interest may include:
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? Two videos of related interest are Beast Prophecies and European Gold and Germany, Gold, and the US Dollar.
PCG: Teachings Unique to the Philadelphia Church of God Simply calling oneself ‘Philadelphia’ does not make one so (see Revelation 3:7-9), nor does Gerald Flurry calling himself “that prophet” make it so. This article provides many quotes from this group which tries to look faithful.
Germany’s Assyrian Roots Throughout History Are the Germanic peoples descended from Asshur of the Bible? Have there been real Christians in Germanic history? What about the “Holy Roman Empire”? There is also a You-Tube video sermon on this titled Germany’s Biblical Origins.
Germany in Biblical and Catholic Prophecy Does Assyria in the Bible equate to an end time power inhabiting the area of the old Roman Empire? What does prophecy say Germany will do and what does it say will happen to most of the German people? Here is a version of the article in the Spanish language: Alemania en la profecía bíblic. Here are links to two English language sermon videos Germany in Bible Prophecy and The Rise of the Germanic Beast Power of Prophecy.
Some Doctrines of Antichrist Are there any doctrines taught outside the Churches of God which can be considered as doctrines of antichrist? This article suggests at least three. It also provides information on 666 and the identity of “the false prophet.” Plus it shows that several Catholic writers seem to warn about an ecumenical antipope that will support heresy. You can also watch a video titled What Does the Bible teach about the Antichrist?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch 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? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to three related videos: The King of the North is Alive: What to Look Out For, The Future King of the North, and Rise of the Prophesied King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Jesus Returning, David’s Throne, and the Stone of Destiny Will Jesus return to the throne of David? What about the Stone of Scone? Here is a link to a related video: Stone of Destiny and Jesus’ Return.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available 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 your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.
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