ZH: ‘Here’s What Happens When A Currency Completely Breaks Down’

Hungary 1946 sweeping up hyperinflation currency notes


Zero Hedge reported the following:

Here’s What Happens When A Currency Completely Breaks Down

December 8, 2016

In Venezuela, hyperinflation has become so pitiful that shopkeepers are no longer bothering to actually count money.

Instead, they’re weighing it…

… as in literally pulling out a scale and weighing giant stacks of money. Do you want to buy a bottle of Coca Cola? That’ll be 1 kilo of currency please.

One shopkeeper interviewed by the Guardian newspaper said he’s piling up bricks of cash so quickly he feels like Pablo Escobar.

And yet Venezuela’s hyperinflation continues growing worse; those bricks of cash are buying less every week. … Venezuela’s example shows how quickly that very thin veneer of trust and confidence can shatter, plunging a country into chaotic hyperinflation. …

Venezuela is the prime example: cash can lose value VERY quickly.

Modern money is nothing more than a mirage conjured out of thin air by central bankers– unelected bureaucrats who are awarded free reign over the monetary system. http://www.zerohedge.com/news/2016-12-08/heres-what-happens-when-currency-completely-breaks-down

FOX News also reported about Venezuela:

The economic situation in Venezuela has grown so dire that women are selling their hair to make enough to buy basic necessities.

In a trend that has gained momentum in recent weeks, the women are thronging to a bridge that connects Venezuela and Colombia, and selling their locks to self-appointed brokers who then sell the hair as extensions to Colombians.

It is the latest desperate measure to stem from the crisis that includes shortages of such things as food and medicine, as well as an inflation rate that now ranks as the highest in the world.

In an interview with Reuters, Celina Gonzales, 45, said she turned to selling her hair to buy medicine to relieve pain.”I suffer arthritis and I need to buy medicine,” Reuters quoted Gonzales as saying, adding that she did not tell her family about what she had opted to do.

“This won’t be much, but at least I can buy painkillers.” Gonzales waited in a long line for an hour to sell her hair for 60,000 Colombian pesos, or $20. That is about a month’s salary, Reuters said.

“Venezuela has gone from being one of the most prosperous countries in the hemisphere to one where people are crossing the border to sell their hair,” said John Polga-Hecimovich, a political science professor and Latin America expert at the United States Naval Academy, in an interview with FoxNews.com 12/06/16 http://www.foxnews.com/politics/2016/12/06/in-venezuela-women-selling-hair-to-make-ends-meet.html

The African nation of Zimbabwe also is experiencing hyperinflation. When it was called Rhodesia, Zimbabwe was one of the most prosperous nations in Africa.

If you think that printing excess currency is limited to places in South America and Africa, you would be mistaken. The European Union and the USA have both been producing extra ‘money’ essentially out of thin air.  This will last for a time, but eventually will not work.

And actually, the USA has done this more than anyone else on the planet that we know of.

The Bible has an end time prophecy that those who read it may want to run:

2 Then the Lord answered me and said:

“Write the vision
And make it plain on tablets,
That he may run who reads it.
3 For the vision is yet for an appointed time;

What is this end time prophecy about that should cause people to run? It is a prophecy about debt accumulation:

And a taunting riddle against him, and say,
‘Woe to him who increases
What is not his — how long?
And to him who loads himself with many pledges’?
7 Will not your creditors rise up suddenly?
Will they not awaken who oppress you?
And you will become their booty.
8 Because you have plundered many nations,

The USA is believed to be the most indebted nation in the history of the world. Habakkuk’s prophecy is for the end time and cannot be directed towards the tiny nation called Israel. Israel simply does not have enemy creditors. But the USA has actual, past, and potential enemies as creditors.

Furthermore, consider that while the USA has been accumulating pledges in the form of US Treasury bonds and notes, the Chinese have been accumulating gold (see China, Gold, and the AIIB). Various ones in Europe have been repatriating gold from the USA, like the Germans (see Germany is repatriating and accumulating gold–why?). Germany is getting more gold.

The Bible teaches that the final King of the North will accumulate gold and take it from Egypt in Daniel 11:40-43; cf. Revelation 18), thus we know that it will have some value at least into the first couple of years of the Great Tribulation–though gold will not save in the end (James 5:1-3).

The diluting of the value of currency (called ‘dross’ anciently), which Venezuela, Zimbabwe, Europe, and the USA have done, is condemned in the Bible.

4 Take away the dross from silver (Proverbs 25:4a).

22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)

25 I will turn My hand against you, And thoroughly purge away your dross, And take away all your alloy. (Isaiah 1:25)

18 “Son of man, the house of Israel has become dross to Me; they are all bronze, tin, iron, and lead, in the midst of a furnace; they have become dross from silver. 19 Therefore thus says the Lord God: ‘Because you have all become dross, therefore behold, I will gather you into the midst of Jerusalem. 20 As men gather silver, bronze, iron, lead, and tin into the midst of a furnace, to blow fire on it, to melt it; so I will gather you in My anger and in My fury, and I will leave you there and melt you. 21 Yes, I will gather you and blow on you with the fire of My wrath, and you shall be melted in its midst. 22 As silver is melted in the midst of a furnace, so shall you be melted in its midst; then you shall know that I, the Lord, have poured out My fury on you.’” (Ezekiel 22:18-22)

Although the Bible warns against using dross and diluting the money supply, modern ‘experts’ have a different view. The wrong views on economics will lead to economic problems and ultimately the total crash of the dollar of the USA. China and others see some of this.

There are disastrous changes that will come to the USA (Daniel 11:39; USA in Prophecy: The Strongest Fortresses)–and its debt practices–which one day will cause massive hyperinflation–will be a cause (cf. Habakkuk 2:6-8).

Seeing what Zimbabwe and Venezuela have faced should get American politicians and economists to take note and recommend biblically-responsible fiscal policies.

But since many leading so-called ‘economists’ are political hacks and/or have a political agenda, do not expect too many prominent ones to have sufficient influence to resolve the problems in the USA.

Hyperinflation will hit the USA and it will be worse than what Zimbabwe and Venezuela have experienced.

Some items of possibly related interest may include:

Mexico, Central America, South America, Brazil, and the Caribbean in Prophecy [Español: México, América central, Suramérica, Brasil y el Caribe en la profecía] [Português: México, América Central, Ámérica do Sul, e Brasil na profecia] What will happen to those of Latin America? Will they have prosperity? Will they cooperate with Europe? Will they suffer in the future? What role might the various Caribbean nations/territories play?
Is God Calling You? Alfred E Carrozzo wrote this.

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