I think all Christians are aware of the mark of the beast for buying and selling. We knew this had to eventually happen. It's still not really yet time for it. They have to introduce a new world currency first. Some say they already have some of it printed. It won't take much money in print, since most of the world's present currency is digitized.
Statement by ex-Chairman of the Board at the Federal Reserve, Alan Greenspan in a 1966 article in The Objectivist:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard."
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Joseph Farrah at World Net Daily interviewed Greenspan after he had retired from the Federal Reserve, and asked him if he still believed what he said in that 1966 article. Greenspan said yes, he still believed it.
The U.S. Constitution actually only gives Congress the authority to regulate 'coin' money, which was defined to mean money based on gold. During the Nixon administration in 1971, the Federal Reserve completely left gold or silver backing any U.S. dollar (remember those old Silver Certificates the Fed gathered up? Those one dollar bills were each redeemable for one silver dollar).
Americans have bee duped by the U.S. banking elites, and their political allies.
CAUSE OF INFLATION:
Inflation is caused by ADDING dollars not backed by anything to the existing money supply. What happens is the money supply gets diluted. The money already in circulation becomes worth less. This means it takes more... dollars to buy the same items and labor than before the new dollars were added. It means your 'buying power' became less.
They argue that paper backed by gold limits the amount of money available to do business, which of course is baloney. On a gold standard, the dollar has more buying power, so you just use LESS dollars (or coin) to buy the same items and labor. Being backed by gold simply makes that 'buying power' of the dollar stable. The welfare statists then cannot mess with the strength or buying power of the dollar. This is why Greenspan admitted getting off of gold backing for the dollar meant a 'hidden tax' upon the people.
What those who don't like about a gold standard is that it tends to cause prices to fluctuate more. They instead would rather set inflation (by adding to the money supply worthless dollars printed backed by nothing) to around 3-4% per year, with prices rising steadily along with inflation of the dollar. Businesses prefer that instead of prices fluctuation because the people's buying choices push supply and demand more on a gold standard. It's essentially because, the real power of money is in the people's hands, and not in the bankers' hands. They don't like that. Neither do the politicians who support the banking elites.
Under a Fiat monetary policy, dollars are simply printed whenever the politicians and bankers want, which means creation of Debt. Fiat means 'by decree'. "I decree, print me a hundred billion dollars to send to a poor country in Africa", U.S. Congress might say to the Treasury. And the banking elites love it, because it means that money is created so they can also create LOANS that they can charge INTEREST on.
And every time a dollar is received to pay off those loans, the bankers are allowed to make a bookkeeping entry to CREATE 90% of that received dollar! Those are called 'reserves'. That 90 cents gets loaned out, and when it comes back in payment, they are allowed to make ANOTHER bookkeeping entry of 90% of that, and call it 'reserves'! That keeps going on until it gets down near 10 cents left, which is where they stop. Thus the commercial banks are ALSO CREATING MONEY OUT OF THIN AIR, ILLEGALLY, as only U.S. Congress has the authority per the U.S. Constitution to create and regulate U.S. money through the Treasury.
