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The Soon Coming Judgment Of God Upon America and How To Escape It 304
currency. The process engages all the hidden forces of economic law on the side
of destruction, and does it in a manner that not one man in a million is able to
diagnose. (John Maynard Keynes, economist and author of The Economic
Consequences Of The Peace.)
1217
Another person to write about the destructive consequences of inflation was Ludwig von
Mises, in the March 1967 edition of American Opinion he wrote:
Inflation is not a variety of economic policies. It is an instrument of
destruction; if not stopped very soon, it destroys the market entirely….
Inflationism cannot last; if not radically stopped in time, it must inexorably lead to
a complete breakdown. It is an expedient (device) of people who do not care a
whit for the future of their nation and its civilization.
1218
Since the formation of the Federal Reserve in 1913 the US monetary system has been in
constant decline and headed for eventual disaster. Increases in the money supply and the
resultant inflation have resulted in the fall of the dollars purchasing power by over 91.7%.
1219
This not only hurts our standard of living, it greatly affects our ability to fund God’s work.
From the creation of the Federal Reserve in 1913 until 1934, dollars continued to be
“Redeemable In Gold On Demand At The United States Treasury”. This had been the standard
since gold certificates were first issued in 1863. In 1934 President Roosevelt took the US off the
gold standard. He made it illegal for citizens to own gold and ordered them to sell it to the
Federal Reserve or face jail. At that point dollars became “Redeemable In Lawful Money at the
United States Treasury”. This has actually been a government lie because the paper dollars are
only redeemable in other paper dollars and not in gold or silver as mandated by the US
Constitution (these paper dollars are not lawful money). As a small number of American citizens
discovered their dollars were not redeemable, they became alarmed and so in 1963 the Treasury
removed the “Redeemable” phrase from the dollar altogether and it became “an anonymous
IOU”.
What Happened To America's Gold
As previously stated, President Roosevelt recalled all the gold coins in 1933. What
happened to these gold coins and all the gold held by the US Treasury? For a period of time they
accumulated in the US Treasury. In 1949 US gold stocks amounted to 701.8 million ounces
(21,931 tons).
1220
They were at their all time peek, and they accounted for 61% of gold reserves
in the world.
1221
At the end of WW II (1944) Europe had no gold but astoundingly by 1976 the
stocks of France, Germany and Switzerland combined exceed that of the US.
1222
In just 32 years
Americas gold stocks were decimated. And now the gold stocks of the US are essentially
nonexistent; the title to all the gold which remains is vested in the Federal Reserve who holds
gold certificates equal to the value of all the gold in the US Treasury.
1223
How could this happen?
When President Roosevelt recalled the gold, citizens could no longer redeem their dollars
for gold but foreign governments could. This fostered foreign trade and foreign confidence in the
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