In memory of
Jared High
What is the world's economic condition today
and what does it mean for our future?
    Many Bible prophecy scholars believe that Revelations 13:16-17 warns of a one world economy, including a merging of currencies. This is in fulfillment today as evidenced in Europe with the "Euro dollar" becoming mandated slowly into European counties.

    At the close of W.W.II America had 65% of the mined gold reserves in the world and by 1949 our percent grew to 70%. Then on July 1, 1944 a "Creative Gold Exchange" program came into existence from a Conference in New Hampshire. From this conference came three previously nonexistent structures that would change everything.

  • The worlds first International Monetary Fund.
  • The worlds first International Bank for reconstruction and development.
  • The worlds first paper currency that would be viewed as the only reserve behind the other paper currencies of the world.
    This new, creative gold exchange was expected to be an instant confidence in "real" money by establishing the security of gold worldwide. At first this worked very well and the market place thrived. But there were some big problems, other than the fact that we did not return to the gold standard our Founding Fathers established; The Gold Standard requires no increase in the supply of money until you get more gold!Paper notes must be convertible into gold or silver on demand of the holder.Once the ratio of paper to gold is established it cannot be changed.

    In 1958 Charles DeGaulle of France sounded an alarm and France started cashing in paper for gold. Soon, other nations followed France and gave us back millions of Dollars we had "loaned" them in exchange for gold at $35.00 and ounce. We got nothing for our gold except our own valueless paper. By August 15th, 1971, when Richard Nixon took action to close the gold window, 58% of our U.S. gold supply was gone.

    The world governments are telling us that gold has become obsolete, a relic of the past, yet in the 4th Quarter of 1998 global gold demand was the highest on record, and, the world's largest investors are presently taking major positions in gold and silver coins.

    The government continues to tell us to buy stocks even as the DOW is at its all time high and many stocks are at over 90 times its earnings. But, outside of the high tech and internet stocks, the market is down 25-40% from its highs and 85% of stocks are declining.

    I would recommend reading; "The Making of America" which you can get on the Amazon link below. This book by W. Cleon Skousen, gives an excellent education on money and the Constitution.

What is your share of the U.S. debt?
    "'Now, I, the Lord, am not well pleased with the inhabitants of Zion, for there are idlers among them; and their children are also growing up in wickedness; they also seek not earnestly the riches of eternity, but their eyes are full of greediness.  'These things ought not to be, and must be done away from among them,' (D&C 68:31-32). We see evidence of many parents who overindulge their children without adding sufficient training about the value of work."     L. Tom Perry

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