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The Soon Coming Judgment Of God Upon America and How To Escape It                294
worldwide, and has financed the vaccination of much of the third world with contaminated
vaccines and dirty needles. By deficit spending, I mean the US gives away, loans and spends
money it doesn't have. Not only does the US not have the funds it spends, most likely it will
never be able to pay-off its debt. This presents an inevitable problem not only for the US but the
rest of the world as well.
Even the International Monetary Fund, for whom the US is the largest stockholder and
which is a creation of the United States, has become alarmed at the debt of the United States and
its implications for the economy of the world. On January 8, 2004 the New York Times reported:
With its rising budget deficit and ballooning trade imbalance, the United
States is running up a foreign debt of such record-breaking proportions that it
threatens the financial stability of the global economy, according to a report
released Wednesday by the International Monetary Fund….
The I.M.F. has often been accused of being an adjunct of the United
States, its largest shareholder.
But in the report, fund economists warned that the long-term fiscal outlook
was far grimmer, predicting that underfunding for Social Security and Medicare
will lead to shortages as high as $47 trillion over the next 70 years or nearly 500
percent of the current gross domestic product in the coming decades.
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Indeed, I believe the dept of the United States is a threat to ourselves and the world on
two fronts. First as stated above, the US debt has financed the evil schemes of the US throughout
the world and within our own nation. Second, many experts believe, and I agree, that the US dept
bubble will eventually bring a collapse of the US economy which will have devastating
consequences around the world. Additionally, through inflation the Federal Reserve confiscates
the wealth of the American people and thereby, largely, diminishes their ability to fund God’s
great commission. The ability of Gods people to spread the gospel to all peoples of the earth and
to create disciples has been hampered by the Federal Reserve system.
Without an understanding of what the Federal Reserve is, how it operates and how it
came to be, one cannot comprehend the threat it poses to the US and the world. In the following
pages I hopefully will be able to convey the threat the Federal Reserve poses to the US and the
world by showing what it is, who owns it, how it operates and how it came to be.
The Consequences of Increasing the Money Supply
An experience I had in college is a perfect example of the results of the Federal Reserve
System. During my first year of college I went to a Casino night sponsored by the college for the
students in the student lounge. Everybody got $10,000 in play money to gamble with. At the end
of the night there was an auction where students could bid on prizes with their winnings. Since it
was all play money, in order to help everyone have fun, some rules were bent so people would
actually win money.
When the auction began they auctioned off the best prizes first. The grand prize was
auctioned off first. It was a T.V. And it went for around $300,000. As the prizes began to
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