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Originally posted by Silver Shadow
But what is coming will be infinitely worse than the 30's..
Not only business, commerce and trade will collapse, but the entire fraudulent unbacked paper money scam is going to collapse as well.
Than never happened in the 30's.
Originally posted by In nothing we trust
Originally posted by swimmer10
Originally posted by Stormdancer777
Originally posted by swimmer10
reply to post by In nothing we trust
Not Necessarily the IMF replacing the federal reserve but it looks like a step toward a unified world currency, which would be a step closer to a unified world government. That is what would be bad Biblically speaking
[edit on 26-2-2010 by swimmer10]
Yes, NWO, correct?
Yes Exactly, because a christian I believe that the "NWO" is established at the end times.
The World Bank and the IMF were both established in 1944 and are both head quartered in Washington DC.
I think it is a very real possibility that this could be the NWO.
I was kind of thinking that the NWO was the Bank for International Settlements in Switzerland, but I am now more inclined to believe that the NWO would instead rise out of DC.
[edit on 26-2-2010 by In nothing we trust]
Originally posted by Someone336
The IMF wouldn't take over the Federal Reserve because the Federal Reserve is a subsidiary of sorts for the IMF: the dual governors representing the US's central banking system and economic systems are Timothy Geithner and Ben Bernanke.
I was kind of thinking that the NWO was the Bank for International Settlements in Switzerland, but I am now more inclined to believe that the NWO would instead rise out of DC.
Here is thread that might interest you:
The Nazi and Fascist Origins of the Bank for International Settlements
The Federal Reserve, the BIS, the IMF... it's all tied together intricately.
Originally posted by Silver Shadow
Will we be getting inflation or deflation ?
People assume that they are exact opposites, and are mutually exclusive.
But they are not opposites, you can have one, the other, both or neither.
In fact they have little to do with each other directly.
Inflation is the erosion of the value of paper money due to overprinting.
It is determined ONLY by the policy of the Fed.
Deflation is the destruction of wealth through assets suddenly becoming worthless. For instance:
Someone that owes you a lot of money dies.
A company that you have invested in goes bankrupt.
The stock market crashes.
The value of your home decreases, because there are no buyers.
Same with other major assets, land, vehicles, boats.
In other words, money or assets you thought you had, just shrink in value or become worthless.
So you can have a crashing property or stock market (deflation) at the same time as the Fed is going nuts printing more money (inflation).
It looks like we will very likely be getting both inflation AND deflation together.
Originally posted by hoghead cheese
What we are experiencing is called Stagflation which is hard to eradicate once it get started.