Quantitative easing, hyperinflation & currency

I speculate, the US Federal Reserve’s QE programme is calculated to trigger hyperinflation at the appointed time so as to destroy the US dollar and bring about a new currency, the mark of the beast, Revelation 13:16-17.

QE involves printing money and using the money to buy US government bonds. To repay bonds that are about to expire, the US Federal Reserve buys more bonds. It is like taking a new credit card to repay an existing credit card, ad infinitum. As a result, the US government’s debt continues to rise. For now, this is possible because of the petrodollar, because the USD is the world’s reserve currency, and because the US economy is thought be in good shape.

Conceivably, one day, the international bond market will turn against the USD, and this will cause the USA to default. As a result, the US Federal Reserve will no longer be able to print money to finance the government without causing hyperinflation. In my opinion, the US government must continue to print money because the alternative is to shut down the government and also the military. For this reason, hyperinflation is inevitable.

When hyperinflation starts, there will shortages in the shops, and chaos in the streets (e.g. Venezuela, May 2016). There may even be looting and violence.

In economics, the only way to stop hyperinflation is to introduce a new currency. When a new currency is introduced, some people will lose a lot if not all of their life savings. Logically, the new currency cannot be 1 for 1, or else the hyperinflation would not end. This loss of savings will anger the populace even more.

At this point, the government will have to declare martial law. And they will say, such measures are necessary for the greater good of the country.

I speculate, the people who control the USA will then use this opportunity to introduce a digital currency, an RFID implantable microchip. The mark of the beast!

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.”
– Revelation 13:16-17

To take the mark of the beast is to worship the beast. Those who take the mark of the beast will be damned, Revelation 20:4. The same will suffer at the sounding of the first trumpet, aka the pouring of the first vial.

“And the first went, and poured out his vial upon the earth; and there fell a noisome and grievous sore upon the men which had the mark of the beast, and upon them which worshipped his image.”
– Revelation 16:2

I should say, all of this is highly speculative on my part. I have no insight as to whether the USD will collapse, or whether an RFID microchip will be rolled out in the USA.

In any case, best to prep.

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