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The
dollar is now down some 77 percent against the euro in the past seven years
The dollar is under attack...
“… the disaster back in the 1920's, My children, was as nothing compared to what will happen now. I talk of a great depression coming upon mankind." - Jesus, October 1, 1988
Christopher Ruddy of Newsmax.com reported on November 19, 2007:
The dollar’s collapse — it is now down some 77 percent against the euro in the past seven years — is a good thing, we are told.
Good for whom? Not for America and not for you.
The traditional strength of the greenback has been a source of pride for Americans. More importantly, it has been a very real sign of our economic and superpower status.
Today, our dollar is under brutal attack because so much has gone wrong by our policy leaders in Washington and business leaders on Wall Street.
It has become in vogue to wring hands over the dollar’s fall — it’s nearly impossible to find a financial institution or media source that is not discussing the dollar’s decline. But Newsmax has been talking about the troubles facing the dollar for many years.
In fact, back in May 2006 the dollar was featured on the cover of Newsmax magazine. Our cover story — “Attack on the Dollar" — discussed the factors leading to the dollar’s decline.
Having missed the story, the political and media pros today largely have been spinning the dollar’s collapse as something good for you.
They argue that cheap dollars are good for U.S. exports. “. . . a weaker dollar is a big help to the U.S. economy, making exports more attractive at a time when consumer spending at home is slowing down,” The Wall Street Journal recently reported.
It is true that as the dollars devalues, our exports improve. But this is only because foreigners are buying our goods at dramatically cheaper values.
Imagine if you had your home on the market, but had no buyers. So you suddenly drop your price by 40 percent. Soon, you would find a queue of buyers outside your home.
If you sold your house at such a depreciated value, would you really be happier? Better off?
We have a similar phenomenon with the dollar.
Let’s examine some facts and myths about the dollar.
Myth: Oil prices are causing the dollar to decline.
Fact: High oil prices are largely the result of the dramatic drop of the dollar, not the other way around. For example, in euros, Europeans are only paying about $64 a barrel for oil, whereas Americans are paying around $94 for the same barrel of oil. Not bad for the Europeans!
Indeed, all commodities are up in the past 10 years. The reason is simple: The rest of the world is saying if America wants our commodities, we’ll sell them — but your dollars are worth less and we want more of them.
Myth: Inflation is under control.
Fact: Inflation has been out of control for over a decade. The Bureau of Labor Statistics have been using smoke and mirrors to give the politicians and the Federal Reserve cover.
For example, over the past several years, they tell us “core” inflation has been under 3 percent, on average.
This figure is so divorced from reality I’ll let you and your check book argue the case for me.
Interestingly, many folks have been pointing this out: Lou Dobbs, investor Jim Rogers, money manager Riad Younes, and others have questioned the official inflation statistics.
Myth: The Federal Reserve is fighting inflation.
Fact: Another reason there is a flight from the dollar is our incredible debt. Consider that the national debt is already $9 trillion. It was under Reagan the debt first hit $1 trillion. Under President Bush, the national debt has risen some $4 trillion alone — close to 45 percent of the current staggering load.
And remember, that’s just the national debt and does not include the state, local and consumer debt.
No doubt, our debt is frightening to global investors. A Dutch professor of economics put it bluntly to me recently: “America is heading for bankruptcy.” Interesting, a popular television dramatization in the Netherlands has been airing based on the dollar: “The Day the Dollar Collapsed.”
Of course, the U.S. government won’t actually go bankrupt. It will pay its bills. But these dollars will be grossly inflated and devalued. The government usually reverts to the easiest political solution, which, in this case, is to print more money. Inflation ensues. The dollar weakens.
This is good for debtors who will see the real value of their debts shrink. But it is terrible for creditors.
Since global investors like the Chinese have acted as America’s creditors, buying our debt instruments, they are clearly realizing how dangerous it is to continually underwrite U.S. debt in dollars.
China has $1.4 trillion in foreign reserves; 70 percent of this is in dollars. While recently affirming that the dollar will remain China’s reserve currency, its central bank has also indicated it will diversify out of the dollar.
As long as Washington ignores the underlying causes — significantly stealth inflation — the U.S. dollar will continue to weaken, imperiling our economic standing.
"My child and My
children, the days will grow darker, and there will be hunger in your land. Yes,
My child, what I brought you here for this evening is to tell the world that
there will be a crash in the monetary doings of your government—an absolute
crash that will affect every man, woman, and child in the United States and
Canada, and then, like a serpent, creep all over Europe, until the world sees
one big, massive depression. I can illustrate to you, My children, what I mean
by this monetary depression.
"Should you go and wish to buy a small instrument, even a guitar, that We
hear plucking away at the dervishly, and devilry, of what is called the musical
Mass, strung by guitars, and other creations of satan. My child, I go on to tell
you, you will say that the guitar is not a costly item, but in order to buy this
guitar you will carry an actual satchel, an overnight bag-size, My child—let Us
put it that way clearly—of notes, your currency. It will take a whole suitcase
of paper—paper money that no longer has a value. You will soon be reduced to
bartering for your food.
"My child, I know you are affrighted at this word 'war'; 'death', 'turmoil',
'depression', but what can I do but tell you the truth. I cannot smooth over it,
for I would be accepted like those upon earth who like ostriches, they walk
about, proud in their scientific knowledge."
- Our Lady of the Roses,
September 7, 1985
The awesome Bayside Prophecies...
https://www.tldm.org/Bayside/default.htm
These prophecies came from Jesus, Mary, and the saints to Veronica
Lueken at Bayside, NY, from 1968 to 1995:
A godless nation shall
fall! . . .
"Without
My Son you are lost. A godless nation shall fall. A nation that has been eaten
away and rotted by sin shall fall. A nation that has turned itself back and
regressed to a state of animal living bordering on all sins of the flesh and
impurity; given over to all manner of seeking things of the world; power, lust,
envy, hate, murders, abortions, worship of false idols; loving money, power, and
lacking the instinct of survival when survival can only be reached by pleading
from them to the merciful heart of the Eternal Father." - Our Lady, June
13, 1981
A great money disaster . . .
"My child and My children, pray a constant vigilance of
prayer. Keep this going throughout the United States and all of the nations of
the world, for there is little time left. Soon, in the plans of the Eternal
Father, He shall set forth and allow to come upon mankind, a great money
disaster. In this way it will prove to you that the disaster back in the
1920's, My children, was as nothing compared to what will happen now. I talk of
a great depression coming upon mankind." - Jesus, October 1, 1988
Destruction of the world monetary systems . . .
"You
will understand and broadcast the message to the world that there will be a
great destruction in the monetary systems of the world. It will affect both the
United States and Canada, and all the great powers of the world. And I repeat
again: You will go to your stores to do your shopping carrying papers which may
as well be newspapers, for the value they will have to purchase even food will
be nil.
"How can a great country like the United States fall, you say, My child?
You ask Me in your heart. I read your heart. I will tell you why. Because they
have given themselves over to satan. When a country has lost its morality and
seeks the pleasures of the flesh, giving over, themselves over, to all manner of
abominations, like homosexuality, and condoning this up the highest courts of
the land, then that country shall fall." - Our Lady, November 1, 1985
Gathering of the world's
money to control the masses . . .
"Man
shall not create a new world as he seeks. For there cannot be a lasting world
without His God. And I speak not of the false idols and gods that man creates
in his human nature! There is only one Creator.
"You who cast aside this knowledge and choose to set yourselves up by power
and the gathering of the world's money to control the masses, you will find that
all of your power and all of your volumes of gold and silver cannot hold back
the heavens as they descend upon you in a just chastisement. The world, the
earth shall tremble, fear shall come upon mankind as he watches the approach of
the destruction that he himself has chosen to set loose." - Jesus,
February 10, 1978
Evil force like an
octopus . . .
"There is a great evil force now enshrouding your world; it is like an octopus
reaching out in every direction to ensnare the world. It is a force of evil set
up by satan. There are many arms of the octopus controlled by the monies of the
world.
"For the love of money and riches, many will sell their souls to get to the
head. O My children, what do you gain if you gather all of the riches of the
world and destroy your soul. When you come over the veil, and you will come over
the veil, what will you bring with you - nothing of the material. You must
gather your riches in Heaven now. They are supernatural: the graces, the merits
that will allow you to enter into the Kingdom of
your
God." - Our Lady, June 24, 1976
The Illuminati . . .
"There is a group in the United States and the world, a
group that started many years ago, calling itself the Illuminati, coming from
the word 'light bearer'. Naturally, My children, this light that they bear
stands for Lucifer, and as such they have gone through the world secretly known
as Luciferians. They have brought into your country, the United States, and
your neighbor Canada, a group of witchcraft practices. Well have they laid
their plan to destroy your children with drugs, using your school systems, your
medias of communication, your newspapers, your televisions, your radios: every
means of communication has been infiltrated by the member and sub-members of the
Illuminati, a conglomeration of individuals and powers and principalities
throughout the world, and banking systems. As you well know, My children, money
has always been the root of all evil, and many have sold their souls to get to
the head." - Our Lady, November 25, 1978
You are worshiping idols . . .
"My children, you must change your values back to the plan of your God. As a
nation, as a country, as in many countries throughout the world, you have become
paganized and immoral. My children, it is the gauge for the fall of mankind:
immorality and paganism. No nation shall stand without its God, the God in
Heaven.
"Man is creating many new gods, gods to feed his human nature; and it is a
basic carnal nature. Idolaters abound. When you worship in abundance things, My
children, you are worshiping idols! If you spend your time gathering things,
money, power, you are worshiping idols. Remove yourself from these worldly
pursuits.
"It is a narrow road to the Kingdom of your God, Heaven. Many are called
but few are chosen. The road with satan is wide. Many walk it and can never
leave, because there are too few prayers said for them and by them.
"Nothing is impossible to your God. Man shall never reach the highest
pinnacle of Heaven in knowledge." - Jesus, March 18, 1978
Many will sell their
souls to get to the head . . .
"The road to
Heaven, My children, is a narrow one; too few stay upon it. For they are
often carried away with the cares of the world, and the pleasures of the
materialistic pursuits, and their gathering of money and prestige and power.
For what? For the few short years allotted to each human upon earth.
I ask you to ask yourself: is it worth it to lose your soul? Many will
sell their souls to get to the head." - Our Lady, November 20, 1979
Gather your graces . . .
"You cannot accept
two masters. One you will love, and the other you will learn to hate. And
remember, My children, where your treasures are, your heart will always lie. And
better that you gather your treasures in a place where there is neither rusting,
nor attacks by moths, and robbers cannot take them from you. Store your
treasures in Heaven, My children. Gather your graces. You must ransom your soul
and the souls of your children, your households. Do not wait expecting to be
repatriated at the last moment, My children. Many are coming across the veil
unprepared, and, sadly, they cannot be accepted into the Kingdom." - Jesus,
August 5, 1977
Store canned goods,
water and blankets . . .
"My children, I caution you now, and I wish that you remember these
instructions from several years ago in earth's time that I gave to you, to keep
in your homes a good supply of canned good. They have shelf value, My children,
they will not spoil. But better that you keep them and they spoil than to have
come upon you the great Chastisement. It will be a ball of fire which will
ignite many of the chemicals that are being stored up for the destruction of the
nations.
"My children, not only with the canned foods will you store just food, but
you must also make known to your families and your friends that they had best
keep blankets and water in tight containers; for there will be on the onset of
the Chastisement, there will be nothing that you can buy due to contamination."
- Our Lady, July 1, 1985
Read the Bayside Prophecies:
Directives from Heaven...
D307 - Monetary crash
Articles...
U.S. dollar, credit crisis and stock markets:
The great depression of 2008 – the mother of all depressions
https://www.tldm.org/News11/GreatDepressionOf2008.htmTalk of worst recession since the 1930s
https://www.tldm.org/News11/WellsFargoHousingCrisisWorstSinceDepression.htmAlarm: China signals flight from dollar
https://www.tldm.org/News11/ChinaSignalsFlightFromDollar.htmLeading lender H&R Block likens US credit crisis to Great Depression
https://www.tldm.org/News11/H&RBlockLikensCrisisToDepression.htmFed faces gigantic insolvency time bomb
https://www.tldm.org/News11/FedFacesInsolvencyTimeBomb.htmGlobal money markets tighten on cash shortages
https://www.tldm.org/News11/GlobalMoneyMarketsTighten.htmDollar collapse, stock market sell-off looms
https://www.tldm.org/News11/StockMarketSell-offLooms.htmNo time to sit and watch: "What we have on our hands here, folks, is a full-blown, global financial crisis"
https://www.tldm.org/News11/GlobalFinancialCrisis.htmWorld stock markets spiral lower
https://www.tldm.org/News11/WorldStockMarketsSpiral.htmFed OD’s on liquidity but risks depression
https://www.tldm.org/News11/FedRisksDepression.htmU.S. Comptroller General: Learn from the fall of Rome
https://www.tldm.org/News11/ComptrollerGeneralFallOfRome.htmPerfect storm of debt rattles Wall Street
https://www.tldm.org/News11/PerfectStormOfDebt.htmAsian stocks tumble the most in five months on credit concern
https://www.tldm.org/News11/AsianStocksTumble.htmSubprime panic points to taxpayer bailout
https://www.tldm.org/News11/SubprimePanicTaxpayerBailout.htmFed cowardice invites catastrophe
https://www.tldm.org/News11/FedCowardiceInvitesCatastrophe.htmForeign money props U.S. economy
https://www.tldm.org/News11/ForeignMoneyPropsUSEconomy.htmU.S. Treasury Secretary Henry Paulson: Coming financial crash shows need for immediate monetary reform
https://www.tldm.org/News11/PaulsonComingFinancialCrash.htmSlow demise of the mighty greenback
https://www.tldm.org/News11/DemiseOfMightyGreenback.htmCredit spree could cause 1930s-style depression
https://www.tldm.org/News11/CreditSpreeCouldCauseDepression.htmGloom gathers over U.S. economy
https://www.tldm.org/News10/GloomGathersUSEconomy.htmIt’s official: The crash of the U.S. economy has begun
https://www.tldm.org/News10/CrashOfUSEconomyHasBegun.htmThe plan to destroy America - via the dollar
https://www.tldm.org/News9/PlanToDestroyAmericaViaDollar.htmOil producers shun the dollar; Russia and Opec shift revenues into euros, yen and sterling
https://www.tldm.org/News9/OilProducersShunDollar.htmU.S. Comptroller General warns the nation of economic calamity
https://www.tldm.org/news9/MonetaryCrashComptrollerGeneral.htmCentral banks caught in gold squeeze may crush dollar
https://www.tldm.org/News9/goldSqueezeMayCrushDollar.htmForeclosures:
Wells Fargo: Housing crisis worst since Great Depression
https://www.tldm.org/News11/WellsFargoHousingCrisisWorstSinceDepression.htmAugust 2007 report: 11 states have triple digit increases in foreclosures
https://www.tldm.org/News11/TripleDigitIncreasesInForeclosures.htmNew mortgage foreclosures set record
https://www.tldm.org/News11/MortgageForeclosuresSetRecord.htmShiller: U.S. housing woes could spur world slump
https://www.tldm.org/News11/HousingWoesCouldSpurWorldSlump.htmCredit crunch hits the consumer — foreclosures double
https://www.tldm.org/News11/ForeclosuresDouble.htmThe worst isn't over in mortgage meltdown
https://www.tldm.org/News11/MortgageMeltdown.htm
Links...
The crash of 2008?, WorldNetDaily, November 15, 2007
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=58726Sub-prime lender says problems are on scale of Great Depression, [U.K.] Times Online, August 31, 2007
http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article2358099.eceVideo: Money expert Jim Cramer of CNBC - "They're nuts, they know nothing! ... In the fixed income market, we have Armageddon"
http://www.youtube.com/watch?v=SWksEJQEYVUWall Street tremors, Asian markets' tsunami, Forbes.com, August 10, 2007
http://www.forbes.com/markets/2007/08/10/asian-markets-roundup-markets-equity-cx_vk_0810markets03.htmlWorld markets rattled amid Dow Jones crash, ABC News Australia, August 10, 2007
http://abc.net.au/news/stories/2007/08/10/2001292.htm?section=businessRisky home loans run a fever, and the market prays it doesn't spread, U.S. News and World Report, July 15, 2007
http://www.usnews.com/usnews/biztech/articles/070715/23subprime.htmU.S. dollar facing imminent collapse? WorldNetDaily, December 10, 2006
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311USA Today report: Real federal deficit 3.5 trillion, Newsmax, August 3, 2006
http://www.newsmax.com/archives/articles/2006/8/3/123820.shtml?s=lh
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The sin of omission... "The sin of omission shall condemn many to hell, be they layman or Hierarchy. I repeat: not the sin of commission, but the sin of omission will commit many to hell." Our Lady of the Roses, October 6, 1980
We encourage everyone to print or email copies of this web page to all the Bishops and all the clergy. Also, email or send this web page to the news media and as many people as possible.
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