Commentary: The Money Has Failed (Part Four)

Inflation
#1365c

Given 25-Feb-17; 10 minutes

listen:

playlist:
playlist Go to the The Money Has Failed (commentary series) playlist

download:

description: (hide)

The move to a cashless society, in which the "bankster" elites have greedily commenced stealing the true physical wealth of society, replacing it with relatively worthless Federal Reserve Notes ('promissory' I.O.U.'s), will drastically drive up inflation, causing bankruptcies and foreclosures on a massive scale. The price of food has risen 8% annually, making it impossible to fill up a grocery cart for under $100 today. Today, the inflated Federal Reserve Note is worth about 3 cents on the dollar since the establishment of the Federal Reserve System. Because of the disastrous process of quantitative easing (the continuous frenetic printing of valueless paper notes), the resultant damage appears beyond repair. National debt, hyperinflation, and negative interest rates for savings have burgeoned worldwide. God's people need to prepare for this impending disaster by getting out of debt as quickly as possible, and put effort into obeying God, valuing spiritual satisfaction above physical satisfaction.


transcript:

In this series of commentaries titled, “The Money Has Failed,” I have been talking about how rapidly this society is moving toward a cashless society. The world’s money is definitely failing because of the gross theft of the common person’s wealth. Exploitation and greed by governments, banks, and corporations has sent the world into an economic tailspin.

One of the results of this massive shift of wealth to the elite is that of inflation. To cover up their massive theft, they print more money. The more money they print out of thin air, the less the existing money is worth. You are well aware of this; you are seeing inflation in your life every day. Sadly, inflation has started to accelerate again to its fastest pace in years. Inflation is both an immediate result and a continuing cause of the money failing.

While the government says the cost of living is rising minutely, everyday Americans have long been skeptical of official inflation figures. For the past eight years, inflation has consistently been reported at low levels (between 1% and 3%, with occasional bursts of outright deflation). According to the government, price indices are barely moving at all.

Part of the problem is that the parts of the basket going up (such as healthcare, education, and food) are mostly necessities, whereas the parts of the basket going down or deflating (such as electronics) are more discretionary. So, shoppers always feel the price increases, but don’t always benefit from the price decreases.

What about food? Food prices have been rising aggressively for many years. Now days, whenever you go to the grocery store, it’s always shocking to see the prices of things. A few decades ago, you could get everything you needed for an entire week for about $20, but these days you can’t even fill up one cart for $100.

Bill Lapp, of Advanced Economic Solutions in Omaha, notes that wholesale food prices are up 8.1% on a year-over-year basis, while consumer prices in general have risen by 6.2%. (When you add up those percentages every year, and you add them to the previous percentages, you get some pretty high percentages, which we will see here.) Of course, that’s not what the average person encounters when he or she goes to the supermarket, pharmacy, and gas station.

Let me give you a sampling from a list that was posted on The Economic Policy Journal that shows how much some food and grocery items have increased over the past decade. Here are the price increase percentages:

1. Uncooked ground beef - 46.3%

2. Shelf-stable fish and seafood - 45.0%

3. Rice, pasta, cornmeal - 40.3%

4. Bread - 38.9%

5. Snacks - 38.4%

6. Miscellaneous poultry, including turkey - 37.0%

7. Apples - 36.6%

8. Canned vegetables - 35.3%

9. Salt and other seasonings and spices - 34.0%

10. Miscellaneous fats and oils, including peanut butter - 34.0%

11. Miscellaneous processed fruits and vegetables, including dried - 33.7%

12. Fresh whole chicken - 32.5%

13. Flour, prepared flour mixes, cakes, and cookies - 32.1%

14. Canned fruits - 32.0%

That is astronomical when you consider how short a time it has taken to increase these prices by so much. Price increases are expected to accelerate in the coming months and years.

Evidence is mounting that U.S. consumers are simply tapped out. Consumer bankruptcies are rising, and lending standards for consumers are really tightening up. More importantly, older Americans are being squeezed by high price increases in things they buy more of (e.g., healthcare), but receive little or no increases in the Social Security benefits, which are indexed by the government. Any meager increases are wiped out by inflation.

It’s time to get real on the real cost of living. The bottom line is prices are increasing, but median income and government cost-of-living adjustments are not. With rising inflation thrown in for good measure, most Americans are worse off economically regardless of what the government statistics say.

So things are happening right now that we have not seen in many years, but most people are choosing not to see the red flags that are popping up all around us. None of our long-term economic problems have been fixed.

In addition to inflation, we see things happening which will assure that the money will fail:

  • The stock market is rigged and way over-bloated.
  • The U.S. dollar is, in fact, a Federal Reserve note of debt, which is basically an “I owe you.” It’s has absolutely no real value, even though it continues to be a way of exchange for goods. Nothing holds it up except consumer confidence, and that confidence values the dollar at three cents on the dollar compared with 1913 when the private corporation—the Federal Reserve—was established to help the banks and government steal wealth from the common people.
  • Currency wars, where the world currencies are being manipulated, destabilize international trade.
  • Negative interest rates on checking and savings accounts have hit European banks and may soon come to the U.S. and other countries.
  • National debts worldwide in most cases surpass gross national incomes.

The globalists know that this can’t be sustained, so to cover up their massive theft of the wealth of humanity, a cashless society is necessary. This establishes total control over what people buy and sell.

And even though Donald Trump won the election, the economy’s systemic problems are beyond the power of the President to fix. Regardless of what happens in politics, the truth is that a major economic downturn was going to come anyway. No politician or businessman can make the consequences of decades of very greedy and foolish financial decisions instantly disappear.

It would be wise for all of us to get prepared for very hard times, even though in appearance we are experiencing a wave of tremendous optimism right now and most people think that the artificial money flow (also called “quantitative easing” or “bank and corporate bailouts”) will somehow continue indefinitely. None of these bailouts will reach the common person. They all stop with the corporate banks, the national banks, and the government. They rarely trickle down to the smaller banks, which Trump at this time is trying to do. He is trying to infuse money into the small banks and bypass the national banks. That still is not going to be enough, though. And in saying that it would be wise for all of us to get prepared for very hard times, my suggestion is to get out of debt as fast as you can so you don't have that hanging over you.

The whole world, especially the U.S., has been on the biggest debt binge in human history, and there is going to be a reckoning and a great price to pay when this immense debt bubble finally bursts. Most people are not going to acknowledge the truth until it’s too late. In the not-too-distant-future, people will have to admit the money has failed!

I had much more to say to you, but I have run out of time, so I just want to leave you with this. In all this talk about the social-economic order turning into a cashless society and that the money will fail, it’s essential to put things in the right perspective of what is truly important. Isaiah helps us with that:

Isaiah 55:2 Why do you spend money for what is not bread, and your wages for what does not satisfy? Listen carefully to Me, and eat what is good, and let your soul delight itself in abundance.

He is speaking spiritually here, not of cash per se, aside from "Why spend your money on things that don't have any longevity?" Bread is the support of life; it symbolizes whatever contributes to a person’s support and comfort. And money and wages symbolize our effort to acquire something. So, God asks, “Why do you spend all our effort to acquire things that are temporary and harmful?”

Throughout all history people have tried to find satisfaction through many things other than God. God asked the people how they could be interested in other things besides Himself since He is the only One who can bring genuine and eternal satisfaction.

There is a song that rightly says, “Money can’t buy me love!” Well, neither can it buy any eternal satisfaction whatsoever. So fear God, and put all of your effort into obeying and fearing Him.

MGC/aws/dcg





Loading recommendations...