currency

Something happened Friday. It seems that it is significant. I am not familiar enough with global economics to be able to place it in a context for you, but it is something, my gut is telling me. The guys at Zerohedge noticed that during the week, gold prices were going funky. Silver was going stratospheric. Why? Economics is a causal relationship- when one thing happens it causes ripples elsewhere. No ever stands in a vacuum. So what was causing the commodity price to skyrocket in this way? Friday came the answer, and the Zerohedge guys call it a tipping point:

A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold
“Tipping points are funny: for years, decades, even centuries, the conditions for an event to occur may be ripe yet nothing happens. Then, in an instant, a shift occurs, whether its is due a change in conventional wisdom, due to an exogenous event or due to something completely inexplicable. That event, colloquially called a black swan in recent years, changes the prevalent perception of reality in a moment. This past week, we were seeing the effect of a tipping point in process, with gold prices rising to new all time highs day after day, and the price of silver literally moving in a parabolic fashion. What was missing was the cause. We now know what it is: per Bloomberg: “The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.” And so, the game theory of a nearly 100 year old system of monetary exchange has seen its first defector, but most certainly not last. With an entity as large as the University of Texas calling the bluff of the Comex, the Chairman, and fiat in general in roughly that order, virtually every other asset manager is now sure to follow, considering there is not nearly enough physical gold to satisfy all paper gold in existence by a factor of about 100x.”

I noticed their phraseology in saying that the event is a signal of a defection from our monetary exchange. Also, in the third sentence, they mention the black swan. The Black Swan theory was developed by Nassim “Nicholas Taleb to explain the disproportionate role of high-impact, hard to predict, and rare events that are beyond the realm of normal expectations in history, science, finance and technology.”

It’s evident that we are entering into the realms of never-before-traveled territory in economics and finance. Not that economies haven’t crashed before. Not that there hasn’t been hyperinflation before. But never in such global proportions and never before when we have been so intertwined.

Forbes explains the University of Texas activity as a response to the falling dollar:

“It should come as no shock to financial markets that university endowments have followed in the wake of central banks and hedge funds to become the newest major investors in precious metals like gold. Just as central banks in China, India, Russia and many other nations view gold as a monetary reserve protection against the falling dollar, major academic institutions are looking for new asset classes like precious metals and commodities to produce returns that can be put to work as a source of funds for a large portion of college operating expenses.”

So Friday, UT invested 5% of its entire portfolio in gold. Did you know that last July, they invested 3% of their entire portfolio in gold? “The Houston Chronicle reports that the university bought the gold out of fears of “unstable international financial markets and the possibility of high inflation.” It is relatively uncommon for a university to invest in gold, the value of which only increases through inflation.” So by now, UT has at least 8% and likely 10% or more of its investments in gold. How many others are doing the same? Many, I suspect.

Thursday, Kyle Bass, a Dallas Hedge Fund Manager and representative of the UT Board, made the recommendation to buy more gold. In his reasoning, he’s quoted as saying, “Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”

In don’t know how large University financial institutions work normally, but in my experience, they work slowly. In this case, they bought the gold the next day. The next day.

Maybe it’s facts like these that cause the haste:

It’s clear that we’re tanking. America’s economy is on a downward slide and as a snowball rolls downhill it goes faster and faster. Do the people experiencing a crash ever know it at the time? The folks in 1929 didn’t. They thought things would get better. When they didn’t for two years, they finally woke up. By then the Depression was at rock bottom.

Refusal to believe what is happening in front of your eyes is called normalcy bias. There obviously are some people who see the coming crash and are doing something about it, like the folks at Univ. TX. Others see the coming spiritual crash and are taking steps to prepare, by converting from craven sinner to forgiven saint thanks to the blood of Jesus and their confession to the Lord. But most won’t do anything different right up until the end. Normalcy bias is defined as:

“a mental state people enter when facing a disaster. It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of the government to include the populace in its disaster preparations. The assumption that is made in the case of the normalcy bias is that since a disaster never has occurred then it never will occur. It also results in the inability of people to cope with a disaster once it occurs. People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.”

Does that sound like any unsaved person you have tried to talk with lately? Does that sound like any nominal Christian who refuses to heed the warnings to persevere? Jesus described the normalcy bias in the bible:

“And as it was in the days of Noah, so it will be also in the days of the Son of Man: They ate, they drank, they married wives, they were given in marriage, until the day that Noah entered the ark, and the flood came and destroyed them all. Likewise as it was also in the days of Lot: They ate, they drank, they bought, they sold, they planted, they built; but on the day that Lot went out of Sodom it rained fire and brimstone from heaven and destroyed them all.” (Luke 17:26-29)

It seems hard to believe that as a third of the rivers and waters turn to blood, that as wars are happening all around, as millions have disappeared in the rapture, & etc., that people will continue to carry on expecting things to return to normal at some point. It won’t.

The normalcy bias is described again, in 2 Peter 3:4 – “They will say, “Where is this ‘coming’ he promised? Ever since our fathers died, everything goes on as it has since the beginning of creation.”” They say that since things have always remained the same that the rapture won’t occur. Oh, but it will.

This week I listened to four sermons. One from my local pastor, another from John Hagee, from John MacArthur, and from Steve Hadley. They all preached the rapture. They all explained the prophesies. They all said the same things and interpreted the scriptures the same way. I glory in the Holy Spirit when things like this happens! I believe the Spirit is prompting the bible-teaching pastors to speak these things to encourage the body and to prepare us for His calling us ‘up there.’

Things are not normal and each day that passes they get less normal, but the praise is, as each day passes, we are one more day closer to being with the Lord! Therefore, brethren comfort one another with these words. (1 Thessalonians 4:18)

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“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.” (Rev 13:16-17). Those verses speak of the False Prophet. He institutes a system that tracks all people. It’s put on or in everyone’s hand or forehead. It is not necessarily currency itself, but it IS a mark of worship to and allegiance with the Antichrist. Its purpose is to identify those who worship the antichrist. The “benefit” to having the mark is that you will not be killed, and that you can participate in the global economy. Verse 18 is the famous 666 reference. Of course, anyone who takes the mark won’t be killed by the antichrist but their souls are forever damned and they will spend an eternity in hell. (Rev 14:9-10)

Ever since those scriptures were written man must have wondered about the mechanics of how one person could cause all the world’s population to have a mark on them. Can’t you just quietly refuse? Who would know? How are they going to track you down? Can’t you just go somewhere else? Until Social Security numbers came along the 1930s, anyone could simply change identities by moving and making up a new name.

Even more puzzling to previous generations, must have been concerning the technology. How would a mark on one’s hand allow the government to track all your purchases? How can it be? Our Sunday School teacher is 90 years old. When he was growing up, this county didn’t even have electricity until he was 21.

But Daniel 12:4’s prophecy “But as for you, Daniel, conceal these words and seal up the book until the end of time; many will go back and forth, and knowledge will increase” comes in to play here. This generation has seen such an explosion of knowledge and technology it staggers the mind. Within one lifetime, an elderly gentleman can recall the day they strung electricity on wires in front of his house, remember men walking on the moon, communicate with grandchildren on the other side of the world in an instant to…the following:

New Scientist magazine has an article from a few days ago describing a new technology: “Banknotes go electric to outwit counterfeiters“
“Modern banknotes contain up to 50 anti-counterfeiting features, but adding electronic circuits programmed to confirm the note’s authenticity is perhaps the ultimate deterrent, and would also help to simplify banknote tracking. …A team of German and Japanese researchers created arrays of thin-film transistors (TFTs) by carefully depositing gold, aluminium oxide and organic molecules directly onto the notes through a patterned mask, building up the TFTs layer by layer. All this is done “without aggressive chemicals or high temperatures, both of which might have damaged the surface of the banknotes”, says team member Ute Zschieschang from the Max Planck Institute for Solid State Research in Stuttgart, Germany. The result is an undamaged banknote containing around 100 organic TFTs, each of which is less than 250 nanometres thick and can be operated with voltages of just 3V. Such small voltages could be transmitted wirelessly by an external reader, such as the kind that communicates with the RFID tags found on many products.. The team’s technique has been tested on US dollars, Swiss francs, Japanese yen and Euro notes. Although the researchers have yet to work out how the organic electronics could be harnessed as an anti-counterfeit measure, the circuits are able to perform simple computing operations.”

RFID is radio frequency identification. So currency will soon have micro-layers of tiny circuits that can track. I do not know what the mark of the beast will be like, whether it will be a tracking device or whether it will be the currency itself. But the technology for advances in currency development combining with tracking are here. Not in the future. HERE. Just in case you are not spooked to your prophetic core yet, here is another article today:

Ceiling lights in Minn. send coded Internet data
“Flickering ceiling lights are usually a nuisance, but in city offices in St. Cloud, they will actually be a pathway to the Internet. The lights will transmit data to specially equipped computers on desks below by flickering faster than the eye can see. Ultimately, the technique could ease wireless congestion by opening up new expressways for short-range communications.”

Inside one generation we went from porcelain covered insulators,

to this:

There is no doubt that we are the generation spoken of in Daniel in which people go to and fro and knowledge has increased. There is no doubt that the scaffolding is being erected that will allow the infrastructure of the building of the one world economy. If we see scaffolding being erected, then the rapture must be even closer.

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Category: currency

University of Texas Investment Fund defects from paper currency: buys 1B in gold

Mark of the Beast rising: Currency to have wirelesss tracking transistors