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Weekly Commentary
396
“The declining U.S. dollar”
by Art Sadlier   
October 22nd, 2007

The End Time prophetic scenario indicates that America will not be a significant player in the events of the Last Days. She will not be a powerful military force nor an influential economic power. We say that because the whole economic and military scenario of the Last Days is laid out in scripture and America is nowhere to be found.

Scripture indicates that Europe will be the dominant force in the world, both militarily and economically. So it seems there must come a transition from American Economic Superiority to European Dominance.

If the events of the Last Days are soon to play out? A sudden decline in U.S. power must be near at hand. A total economic collapse would eliminate U.S. military and economic influence.

During recent weeks the U.S.Dollar has experienced a steady decline against all foreign currencies.

The dollar is dropping because there is lack of confidence in it. The U.S. Federal Debt is now Nine Trillion Dollars. The U.S. must borrow Seventy billion Dollars a month to service the debt. Most of that money comes from other countries, but the source of these finances is drying up, due to the loss of confidence in the U.S.dollar, who wants to hold U.S.dollars that could collapse?

There are ominus signs of a possible dollar collapse.

Let me give you, without comment, a few news items that indicate a serious situation.

China threatens the "Nuclear Option" of dollar sales. The Chinese government has begun a concerted campaign of economic threats against the U.S. hinting that it may liquidate its vast holding of U.S.Treasuries.

"NUCLEAR OPTION" is a term used by China to describe the devastating affect on the U.S. economy if China sold off the 1.33 Trillion dollars of U.S. funds it now holds. It could trigger a Dollar Collapse!

Japan and China led a record withdrawal of Foreign Funds from the U.S. in August, heightening fresh fears of a slide in the dollar and a spike in U.S. Bond yields.

Asian investors recently dumped 52 Billion Dollar's worth of treasury bonds.

I said I would not comment but I can't resist.... No one wants to trigger a collapse of a currency in which they have large holdings, but neither would they want to be the last one out. They are now apparently quietly trying to reduce their holdings in U.S. funds, the danger is that the plug will be pulled and the dollar will collapse.

Under the heading: Good Bye U.S. Dollar - Hello Global Currency; the Director of Economics at the Council on Foreign Relations, launched a scathing attack on national currencies. The article was entitled "The End of National Currencies."

Iran and Venezuela are working hard to bring down the U.S. Dollar by selling oil in currencies other than the U.S. Dollar.

Along with these threats we are hearing repeated rumors of a new currency to replace the dollar - the "Amero". Vincinte Fox, former president of Mexico, confirmed on Larry King Live that President Bush had committed to the Amero. What does Mr. Bush know about the future of the U.S.Dollar that others do not seem to know?

I am not an economist, and certainly not qualified to speak with authority on financial matters, but there is mounting evidence that the dollar is in serious trouble.

I can read my Bible and the newspaper and recognize that what God has said in His Word will happen - actually is happening!

Consider Four Things:

ONE - America is facing the Judgment of God for turning away from God, turning to wickedness - Forcing Israel to give up her land.

TWO- America will not be involved in End Time Events, therefore her mighty economic and military power must be negated if we are close to the unfolding of End Time events.

THREE - What is a more fitting a judgment on a materialistic society, than an economic collapse? A society that has worshipped the god of things!

FOUR - Where there is smoke there is fire. We are seeing a mounting and escalating threat against the U.S.dollar.

"I am not Anti American, but the very Blessings of God upon America makes her more responsible to God. I remind you that God is going to judge All the Nations in the Great Day of His wrath. We are just talking about chronology when we talk about judgment on America.

The signs of The Coming Judgment of God upon a rebellious world are everywhere. Let me ask you, "Are you ready for the cataclysmic events that lie ahead? God has provided a way for you to be ready. Please go to our Home Page and Click on "Have You Considered"

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