The downward spiral continues.....

You guys remember this? November 7, 2012

There are currently so many scandals popping up that it is almost impossible to keep up with them all.

Buried somewhere down in the middle of them is the July 1, 2014 implementation date for a little known law called  Foreign Account Tax Compliance Act, or FATCA. What the heck is that?

Well, it was signed into law by President Barack Obama in 2010 in order to force foreign banks to disclose what Americans had accounts with them and how much they have in those accounts.
It was originally marketed by the administration to the public as an effort to “stop tax evaders hide money overseas”. Now in terms of Americans putting money in private overseas accounts is a debate for another day. For now, we need to focus on the potential (and probable) impact on the U.S. Dollar when this new law takes effect.

Mind you, just like the Affordable Care Act (aka Obamacare) the Administration has announced that it will delay strict enforcement until after the 2015 year. One could make the assumption that this is for fear of the disastrous impacts these new laws could have on the elections, once the public sees the full cost and consequences.

Nevertheless, the law requires all foreign banks to scour accounts for Americans and provide full disclosure of those accounts to the United States Department of Treasury, ultimately to the IRS.
What’s the big deal you ask? Well, besides the obvious overreach of the Federal Government, this could have terminal consequence upon the U.S. Dollar. This law places the U.S. Dollar and an even HIGHER risk of losing its current status as the world’s reserve currency.

"The amount of time remaining to achieve the effective, full implementation of Fatca is woefully inadequate," SIFMA warned in an April letter to the Treasury. "If banks and securities firms are not afforded sufficient time for an effective implementation of FATCA, [the association] believes that adverse consequences could include severe disruptions to global and U.S. financial markets."

Most of these foreign financial institutions are not only worried about the loss of customers, but also the sheer cost.  A recent survey of major members of industry group the Securities Industry and Financial Markets Association, or SIFMA, showed that banks would spend about $1 billion in 2013 and 2014 on FATCA compliance. Or somewhere in the neighborhood of $7,000 per account.

Why would a bank want to pay that kind of cash just to make the IRS happy? Could it be cheaper to just stop doing business in the U.S. Dollar all together and create a global currency to replace it?

Most think so……

What would that do to the dollar? Loss of the reserve status would be the last struggle of breath for the old greenback. Get ready.... 

Is the US Economy really on the rebound?

Warning - this article may be considered troubling. :-)

The reality in America and that is 99.999% of all Americans have no idea at just how much financial trouble the "we" as a Nation, are currently in.

The dollar is a debt-based currency produced by Banks masking as a federal entity called the "Federal Reserve" and is really only valuable because it’s the reserve currency for the world - but it is only that because it is the "petrodollar".

The only thing that keeps the world interested in the dollar is the fact that you must have the dollar to purchase an oil from OPEC. If the country producing oil tries to change the currency to something else - the get a large visit from the US military. Note: Saddam changed to the Euro in 2000 - we invaded in 2003 and switched the trading back to the Dollar which meant a 15 - 20% loss of revenue due to the value of the dollar vs. the euro. Qaddafi tried to organize a new gold backed Dinar for oil trade - and we ousted him in 2011. Iran is currently in the view finder...

Here is the plain truth - The dollar - is mathematically certain to collapse. The only question is when. I am pretty certain that the Dollar and the Euro share the same fate – because they are both debt based currencies controlled by their respective central banks.

Because of things like fractional reserve banking - the Fed ensures that there is always more debt than there is money - essentially making it the largest financial con in world history. In a debt based currency, Governments have to keep coming back to the banks to borrow more and more money. This creates and endless cycle of debt that eventually gets so large that it is impossible to service that debt. Then the currency collapses.

Everything you see right now is smoke and mirrors. The "Stock Market" itself is a system largely built in "smoke and mirrors". The chance of the US Dollar's long term survival is zero percent.

Now, why would I make a bold and some would say "crazy" statement like that??

The reported US Debt is currently right at $17 Trillion - but that number doesn't take into account the total number of unfunded federal liabilities which is somewhere around $90 to $110 Trillion. That means our REAL National debt would be some where in the neighborhood of $130 Trillion. Keep in mind that these are estimates - as different people give different numbers. But what we know for sure is that the amount of our debt is very...very...big.

That puts our total debt at a place that is mathematically impossible to reach.

How much is a trillion? It is a difficult number to understand - because it is so large. It helps if we convert it to time...then you can see how large it really is.

1 Million seconds = 12 days

1 Billion Seconds = 32 years

1 Trillion Seconds = 32,000 years

Now - multiply that times 130(ish) and convert it back to dollars.

I am not really a conspiracy theorist or a "doomsday" prophet - I am just a normal educated guy that feels an overwhelming calling to "sound the alarm".
I do my best to be direct and I don't sugar coat things very well anyway.

This shipping is sinking - rapidly - and I don't think there is a way to stop it.
Just in terms of the secular....it has been on life support for a long time.

If you raised the taxes of all Americans to 100% (one hundred percent) we still would not have enough to balance the budget.

Economically speaking...the "dream" is going to end.....badly. My advice is to get your house in order. Spiritually and physically.

For more information - check out a previous blog that explains my world view here.

If you would like to see an article on exactly how the US Dollar system works - send me a message here.

The real problem

As national leaders move to make legislative changes to stop "all of America's problems" - such as our financial woes, our problems with murder, and all the other madness that currently plagues us - the people of God cry from within to reveal the REAL problem. We are a nation in peril - because we are a nation that has forsaken God.

Take a look at some of the changes in the American social climate since the Supreme Court ruled that School prayer was "unconstitutional: (Source: David Barton, Wallbuilders:)

- America's children:
For 15 years before 1963 pregnancies in girls ages 15 through 19 years had been no more than 15 per thousand After 1963 pregnancies increased 187% in the next 15 years.
For younger girls, ages 10 to 14 years, pregnancies since 1963 are up 553%.
Before 1963 sexually transmitted diseases among students were 400 per 100,000. Since 1963, they were up 226% in the next 12 years.

- The Family - the bedrock of society:
Before 1963 divorce rates had been declining for 15 years. After 1963 divorces increased 300% each year for the next 15 years.
Since 1963 unmarried people living together is up 353%
Since 1963 single parent families are up 140%.
Since 1963 single parent families with children are up 160%.

- America's Education System:
The educational standard of measure has been the SAT scores. SAT scores had been steady for many years before 1963. From 1963 they rapidly declined for 18 consecutive years, even though the same test has been used since 1941.

In 1974-75 the rate of decline of the SAT scores decreased, even though they continued to decline. That was when there was an explosion of private religious schools. There were only 1000 Christian schools in 1965. Between 1974 to 1984 they increased to 32,000. That could have an impact if the private schools had higher SAT scores. In checking with the SAT Board it was found that indeed the SAT scores for private schools were nearly 100 points higher than public schools. In fact the scores were at the point where the public schools had been before their decline started in 1963 when prayer and Bible reading/ instruction was removed from the schools. The scores in the public schools were still declining.
 

-  The Nation - Home of the Brave and land of the free:
Since 1963 violent crime has increased 544%.
Illegal drugs have become an enormous & uncontrollable problem.

I prayerfully wish America could read the hand writing that is on the wall....as we once could.

We cannot fight the "enemy" we face in a "court room" or on a physical battlefield because, "we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." (Eph. 6:12)

We are collapsing at our foundation because we have forsaken God.

The only way we can truly avert the "cliff" that is before us, is through genuine heartfelt repentance.

Remember the historic words of one of America's great leaders:

"Whereas, the Senate of the United States, devoutly recognizing the Supreme Authority and just Government of Almighty God, in all the affairs of men and of nations, has, by a resolution, requested the President to designate and set apart a day for National prayer and humiliation.

And whereas it is the duty of nations as well as of men, to own their dependence upon the overruling power of God, to confess their sins and transgressions, in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon; and to recognize the sublime truth, announced in the Holy Scriptures and proven by all history, that those nations only are blessed whose God is the Lord."

--Abraham Lincoln March 30, 1863

America - will you hear and respond to God?

So now what!?

The headlines on today’s news read “Gay marriage, marijuana backed in historic votes”….
The big picture and the big problem has very little to do with Barack Obama.

For those of you close to me, you know that I have been saying that he would be re-elected for the past three years.

So what happens now? Simple: America will continue its downward spiral morally, economically, and militarily. Not because we have re-elected Barack Obama as president – because we are a nation that shakes our fist in the very face of a holy God. We are a nation that has abandoned the covenant that we have with God. I believe America is falling because of her backsliding.

We have seen natural disasters, economic ruin, runaway crime, etc. This is a lot bigger than Barack Obama – this is bigger than the election yesterday. This is much more than Republican or Democrat. This has all been foretold in the Word of God.

The Bible tell us that in the Last Days "evil men and seducers will grow worse and worse, deceiving and being deceived" (2 Timothy 3:13). This is absolutely the case with America.

We have sunk to moral depths lower than could have been imagined only a few generations ago. We have become such an advanced society that we endorse homosexuality simply as an "alternative life-style."

We murder babies that are socially inconvenient – 50 million since Roe v. Wade.
We change marriage partners like we change our fashion.

We have abandoned the sanctity of commitment in our marriages and in all of our business and economic enterprises.

Our entertainment industries out of Hollywood and the music industry celebrate adultery, fornication, violence, deviant sex practices, and every imaginable form of evil. We have become the world's leading exporters of all that God detests.

President Woodrow Wilson said “America was born a Christian Nation.”

President Harry Truman said in 1947, “We are a Christian Nation”.

President Barack Obama said in 2009, “We do not consider ourselves a Christian Nation.”

My my….how far down we have fallen.

Although there are still many true believers in the U.S., as a nation we have forsaken God. We have become what the prophet Jeremiah described: "My people have committed evil; they have forsaken Me, the fountain of living waters" (Jeremiah 2:13).

Now we are walking in what we have demanded – for God to leave us alone.

So what comes next?

"I will utter My judgments against them touching all their wickedness, who have forsaken Me, and have burned incense unto other gods, and worshipped the works of their own hands" (Jeremiah 1:16).

·     The dollar will eventually collapse – maybe not immediately – but soon enough.

The majority of American people are completely unaware that the entire U.S. financial system is caught in a hopeless death spiral. Why? Because we can’t control our spending. In FY11 – the cost of interest alone on our national debt was a staggering $454 Billion. Just in INTEREST alone!

Currently, we have over $16 Trillion in national debt. The U.S.’s government-deficit ranking is 139 – this is matched by Greece, Botswana and Swaziland. We are the world’s largest Debtor nation. The worst thing is not so much the national debt – but the fact that we have another $62 Trillion in unfunded Federal liabilities. No – that isn’t a typo. Where will it come from? America is completely bankrupt and we have been using “foreign credit cards” to cover our operating cost.

Expect a new “economic stimulous” plan to be proposed– Washington will attempt to spend its way out of the debt. Which means more borrowing from China and more national debt. Washington will also attempt to “tax” our way out. But mathematically it will be impossible. If individual income tax rates went up to 100% for all Americans, it would still not be enough to balance the budget. No – that isn’t a typo either.

The world, led by the IMF, will soon push for a global currency to replace the dollar for all commodity trading on the international market and other things. Essentially, the world will dump the dollar as the reserve currency in favor of a new currency not controlled by the U.S. Federal reserve. When that happens the affects on the American economy will be indescribable. 

·     Gay Marriage will go to the Supreme Court and become national law.

Using the 14th Amendment to the U.S. Constitution – the Supreme Court will make all states recognize and allow for Gay Marriage because they will define it as “discrimination” otherwise. This will be celebrated in the streets of our cities as if it is the greatest societal advancement in history. School curriculum will incorporate socially and gender neutral wording, such as - "Marriage Partners" as opposed to "Husband and Wife".

Hamas, Hezbollah, and the Muslim Brotherhood will step up their attacks on Israel.

The United States will seek to further distance itself form Israel and begin to alienate her. This will actually empower and embolden the Anti-Israeli world. Look for Russian to form stronger economic and military alliances with the Muslim world.

·     The American “Church” will begin a further “blending” of belief systems and a promotion of pluralism, masked by the need for “unity” and the desire for popularity.

We define successful churches in terms of numbers – not based in truth. You will see the concept – already being promoted – that “people don’t need Jesus to make it to heaven. Jesus paid the price so all roads lead to the same place.”

Ultimately remember – “Judgment shall begin at the house of God”. He will eventually "burn it all down".

But from the ashes, the entire world will see the Glorious and spotless Church – The virgin Bride – arise from the perverse and wicked generation to reveal Christ to the World.

So, what should you and I do now?

1) Get your house in order – Spiritually.

If there is sin in your life – repent and stop now. (He is still merciful)
If you don’t pray regularly, start now praying daily.
Read the Bible. Turn off the TV and read the Bible – together.

Start a Home Bible Study. This is important and how the early church did it.

Gather your family and your friends in your homes and study and pray together.

Get serious about God and get serious about teaching your children His word.

2) Get your house in order - Economically

Don’t spend money on anything that you don’t absolutely need. Learn to do without some things. Don’t spend money on reckless things – ever.

Stop eating out so much – start cooking meals at home.

If you have to buy a car – but one that is less than you can afford.

Develop a budget and START A SAVINGS PLAN. Important!

Invest in Precious metals – it will not lose its value.

3) Get your house in order – Physically.

Start exercising.

Read books and learn skills.

Study practical things like – Carpentry, basic engine mechanics, and gardening.

Plant a garden – great skill to have, but it also reduces stress and helps your skills as well as your budget. Learn how to do things for yourself. 

Will I be ridiculed for saying all this? Most certainly – I expect it. But my heart and mind are clear. In 2006 – I stood on the platform of a church and told the congregation that the worst financial times in American history were ahead. I was laughed at then – until about September of 2008.

The truth is I am not really smart, and I am not any kind of “prophet” or anything special in any way. Just a “nobody from nowhere”. But I am part of the Remnant Church of Jesus Christ. His Spirit is speaking to the hearts of those who belong to His Church – The bride of Christ, adorned in White Garments.

“He that hath an ear, let him hear what the Spirit saith unto the churches; To him that overcometh will I give to eat of the hidden manna, and will give him a white stone, and in the stone a new name written, which no man knoweth saving he that receiveth it.”
Revelation 2:17

I AM UNASHAMED.

For Questions, comments or complaints contact me here: jtombarber@gmail.com