Thursday, March 19, 2009

HISTORY REPEATS ITSELF!



The great German, Hegel, wrote, “History proves that man learns nothing from history.” Unless we as a people heed history’s warnings, we will totally destroy our U.S. dollar.
In the 1980’s the Zimbabwe dollar was one of the most valuable currencies on the planet. It was worth One Zimbabwe Dollar to One and a Half U. S. Dollars. During the early 1990’s they began to have financial problems in their country and decided the way to help pay some of their debt was to print more Zimbabwe Dollars. They came out with a Two Dollar Bill that eventually went from a value of $2 U.S. to $10 U.S! During the 2000’s, their banks and industries went through great difficulty and the Zimbabwe government decided to allow Dr. Gono, the Federal Reserve Governor, to print up trillions of Zimbabwe Dollars and give it out to prevent massive bankruptcies. By 2008, the Zimbabwe Dollar had inflated to a point that it took many pallets of dollars to purchase a loaf of bread! It required a new Fifty Trillion Dollar Bill to equal ONE U.S. Dollar!! Is history about to repeat itself in the United States of America?
Yesterday, the U. S. Federal Reserve made a decision to print up another Trillion Dollars to bail out Fannie Mae and Freddie Mac ($750 Billion) again and to buy U.S. Treasurys ($300 Billion)! Before yesterday, the U.S. Government was already spending a Billion Dollars a day that it didn’t have, and adding to its debt FOUR TIMES FASTER than it was getting paid down! Government officials said they can pay this debt down by merely inflating the currency! As they do so, gold and silver will go up many times over what it is now!
The New York Times reported that there are now 14 million EMPTY homes in America! The article went on to say that most of the people who lost homes moved into cheap motel rooms, where they will stay until they are put onto the street!
Soon commodities are going to soar like in Zimbabwe and eventually grocery shelves will start to empty and the hurting people are going to really be in pain.
In Deuteronomy 4:1-9, God tells us that Israel was once a great nation. Then HE warns us to learn from history in verse nine. “Just make sure you stay alert. Keep close watch over yourselves. Don’t forget anything of what you’ve seen. Don’t let your heart wander off. Stay vigilant as long as you live. Teach what you’ve seen to your children and grandchildren.” THE MESSAGE BIBLE
I am attempting to do this. Are you?

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