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Report Date: October 19, 2009
Alert Status:
Status - Special Report
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Chuck Missler with Koinonia House Inc., does a really good job connecting the dots between our headlines and the Bible. Below is a really well done article that discusses the U.S. dollar and the impact it will have on a global economy and eventually a global currency.

I have also included some very important headlines for October.

Supplemental observation that is in process right now. Russia is strengthening it's ties with Iran through gas, nuclear fuel and weaponry. This is an important issue because this is exactly what we are told in Ezekiel 38 would happen. The Bible is very clear that Russia will become the ring leader to the Persian Empire and we are seeing this accelerate before our eyes. You may have also read in the news that in the U.N. Russia has stalled any consideration of sanctions on Iran for there nuclear ambitions. It makes perfect sense for Russia to do this. Russia, North Korea and China have invested vast amounts of resources to assist Iran and they are not going to sit by and watch the world dismantle their friend in the Middle East.

Did you know that Iran not only sits on a ton of oil, but she has one of the largest natural gas deposits in the world? Guess who has just signed a deal to get some of that gas? You guessed right, Russia! Keep you eyes on Russia and Iran and whatever you do, don't take your eyes off of China. Whatever you may hear in the media, China has global dominance on her mind and she is not fond of America. In our life-times I strongly believe we will see a "global" currency. Stay in the Word and prayer because the changes we will see over the next 10 years will be staggering and shocking! Stay tuned... and whatever you do, "Keep Looking Up!"

THE DOLLAR LOSING ITS RESERVE STATUS
By: Koinonia House Inc.

It is no secret that the US dollar has been struggling. In fact, during the past three months, banks have been putting 63 percent of their new cash into yen and euro, and only 37 percent into the dollar. This new trend away from the dollar as a reserve currency is no surprise considering current rock bottom interest rates coupled with the mountains of cash the Federal Reserve has been printing. A mere 62 percent of the currency reserve at central banks are in dollars right now, and that does not bode well for American prosperity.

The current administration may not be as discouraged by the situation as one might think. As Bond buyer Bill Gross of the Pimco said in a recent CNBC interview, "I think that's part of the administration's plan. It's obviously not announced—the 'strong dollar' is always the policy, so to speak. One of the ways a country gets out from under its debt burden is to devalue."

Yet, David Malpass noted recently in The Wall Street Journal, "No countries have devalued their way into prosperity." It's a great time to borrow capital in dollars, with low interest rates and steady inflation promising a less painful future pay-off. The steady flow of the dollar for off-shore production and manufacturing offers some assurance of wealth for foreign investors, but doesn't secure a lot of help for America. Malpass writes:

"If stocks double but the dollar loses half its value, who beyond Wall Street are the winners and losers? There's been a clear demonstration this decade. The S&P nearly doubled from 2003 through 2007. Those who borrowed to buy won big-time. Rich people got richer, seeing their equity bottom line double. At the same time, the dollar's value was cut nearly in half versus the euro and other stable measures. Capital fled, undercutting job growth. Rent, gasoline and food prices rose more than wages."

In other words, America needs a strong, stable dollar.  Instead, the dollar is in the decline and will continue to sweep downward as long as interest rates remain low and money-printing remains high. Cheap interest rates are helping spur investors so that the economy can build back up, but at the same time are pulling the financial carpet from under our feet.

World leaders also want a strong, stable dollar.  They are not happy about the rise of their own currencies next to the dollar, because their exports therefore become more expensive and less likely to sell in the US market.  Countries like China, which are holding vast amounts of dollars, don't want to see their investment lose value. 

As the dollar continues to fall, it is being replaced as the dominant reserve currency, and we can almost hear voices calling for a single global currency to settle the mess. In March Governor Zhou Xiaochuan of China's central bank advocated for a super sovereign reserve currency, saying:

"The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies."

Implementing a global currency would currently present tremendous diplomatic challenges, and the headaches necessary to create it are not yet seen as necessary by most world leaders. Yet, Revelation 13 speaks of a time when all the economies of the world are tied together so that the Coming World Leader is able to require every human on earth to receive a mark in order to buy or sell.

For now, China could do very well to work toward helping strengthen the dollar. If China and those holding large numbers of US dollars want the dollar to stabilize, they should purchase more US goods and services, and help the US economy grow strong.

Related Links:

 • Obama Loosens Missle Technology Controls to China (He has lost his mind)
 • World Currency is Emerging... (No surprise here)
 • Russia Allows Preemptive Nukes... (Russia is not our friend)
 • The Weak-Dollar Threat to Prosperity - The Wall Street Journal
 • Dollar Loses Reserve Status To Yen & Euro - New York Post
 • Dollar Slump Mega-Bullish for Euro Corporate Bonds, BNP Says - Bloomberg
 • China Wants A Global Currency, But It's To Blame For Dollar's Decline - The Baltimore Sun
 • China Proposes A One-World Currency - Koinonia House eNews
 • Behold A Black Horse: Global Inflation - Koinonia House

John 14:27; Peace I leave with you, My peace I give to you; not as the world gives do I give to you. Let not your heart be troubled, neither let it be afraid.

Headlines are below Š

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Because, in truth, because they have misled my people, saying, "Peace," when there is no peace; and because, when the people build a wall, these prophets smear whitewash on it. Say to those who smear whitewash on it that it shall fall.  (Ezekiel 13:1-16 / NRSV)


This Month's Headlines...

China And Russia Making Gas and Trade Deals - October 13, 2009
Russia and China bolstered their close but increasingly imbalanced relationship on Tuesday when Russian Prime Minister Vladimir Putin ushered through a tentative gas supply agreement and deals worth $3.5 billion. Putin's talks with Chinese Premier Wen Jiabao also covered the international hotspots on which the countries share many views, but with China's economy steaming ahead while Russia has lagged during the global downturn, they focused on nurturing ties in trade and energy. The Washington Post
Bro Stef's Comments: This is very important for a few reasons, the most important prophetic reason is this; this will provide leverage for Russia in building it's war machine to levels prior to the collapse of their regime. This is in alignment with Ezekiel 38 and 39. Russia will lead the charge to attempt to destroy Israel along with their Persian (Iranian) friends. They need the capital to rebuild and modernize their military. It looks like God will allow them to get the funds needed to get the job done. In the end, it will be for nothing, except one thing, the Lord will glorify Himself when He destroys the Russian/Persian Alliance.

Wild Things Author Says Parents Can "Go To Hell" - October 12, 2009
This Friday, October 16, the movie adaptation of Maurice Sendak's Where the Wild Things Are opens in theaters. One of the main questions reporters are asking is, Will this film based on one of the best children's books of all-time be appropriate for children? Reporter: "What do you say to parents who think the Wild Things film may be too scary?" Sendak: "I would tell them to go to hell. That's a question I will not tolerate." San Francisco Chronicle

Don't Ask Don't Tell Author Disappointed With Obama - October 12, 2009
Retired Army Colonel Bob McGinnis says he's "disappointed" by President Barack Obama's promise to scrap "Don't Ask Don't Tell" and allow gays to serve openly in America's armed forces. McGinnis says the Pentagon believes openly gay soldiers could "seriously damage unit cohesiveness especially in battlefield situations" because he argues many straight soldiers wouldn't trust their openly homosexual counterparts.

In Gaza, 'Underground Trade' Is A Literal Term - October 10, 2009
In Gaza, tunnels were first dug under the border to smuggle weapons from Egypt when Israel controlled the territory before its pull-out in 2005. Israel and Egypt sealed Gaza's borders in June 2007 after Hamas broke off its power-sharing arrangement with the Palestinian Authority President, Mahmoud Abbas. Now tunnel trade is the way to get anything from baby formula to livestock, and generates a lot of funds for Hamas. Sydney Morning Herald

3 Tips To Intelligently Handle Evolution Education - October 05, 2009
"Tip #1: Never opt out of learning evolution. Despite the one-sided nature of evolution-education, I found that the more evolutionary biology I took, the more I became convinced that the theory was based upon unproven assumptions, contradictory methodologies, and supported weakly by the data. So my first tip is to never be afraid to study evolution. But when studying evolution, always think critically and stay proactively informed about a diversity of viewpoints."

Terrorists Recruiting American Somalis - October 04, 2009
Although al-Qaeda itself is under more pressure than at any time since 2001, the threat from affiliated groups such as Shabab is growing. In particular, such groups are providing al-Qaeda a pipeline of American and European fighters whose passports would make it easier for them to travel undetected and potentially attack Western targets, current and former US officials said. "The role of returning foreign fighters to the United States changes the nature of the threat to the homeland," FBI Director Robert S. Mueller Mueller said in written testimony last week to a Senate hearing into the evolving terrorist threat inside the United States.

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