China’s currency has now been included into the basket of currencies that the International Monetary Fund (IMF) uses to back up its Special Drawing Rights (SDRs), which is actually a new World Currency. This is a huge triumph for China. This move puts the Chinese Yuan on the same par as the U.S. Dollar, the English Pound, the Japanese Yen and the E.U. Euro. This makes China a major player in the world’s financial arena.
The U.S. Dollar will soon be replaced as the World Reserve Currency. Until now, all international transactions have to be done in U.S. Dollars. How does this work?
If I want to send money to Myanmar (Burma) or anywhere else for that matter, I take Thai Baht to the bank and set up a wire transfer to a local bank in Yangon (Rangoon). The Thailand bank must first convert the Thai Baht into U.S. Dollars for the international transfer. When the receiving bank gets the wire in U.S. Dollars, it then converts the Dollars into the local currency, in this case the Burmese Kyat. Each time the money is converted there is a fee.
Being the World Reserve Currency made the U.S. Dollar king. But that is all ending. The U.S. Dollar will soon be replace by a new World Reserve Currency, possibly the SDR (1) (Special Drawing Rights) currency of the IMF. China would like it to be the Yuan. That is why China is buying up as much gold as it can. They want to be able to back up their national currency with gold. This would make the Yuan much more valuable than the paper fiat money of the U.S. which is being printed by the wheelbarrow loads at the Federal Reserve.
What is backing the U.S. Dollar? Nothing. It is thin air. The only thing that keeps the Dollar afloat is confidence in the U.S. economy. But that confidence is quickly drifting away.
Once the Dollar is replaced by something else as the World Reserve Currency, it will not be worth the paper it is printed on. The Dollar will collapse and with it, the American economy. It is only a matter of a very short time.
We must all remember that God will take care of all those who put their trust in Him. Faith is a living dynamic. We show we have faith in God by believing His promises and demonstrating active obedience in our everyday lives.
How long before the collapse of the Dollar takes place? I don’t know. But it is coming soon.
Jesus told His disciples:
(Mark 13:28-29) Now learn a parable of the fig tree; When her branch is yet tender, and putteth forth leaves, ye know that summer is near: So ye in like manner, when ye shall see these things come to pass, know that it is nigh, even at the doors.
If you are watching world news, you can see the obvious signs. One of the biggest signs is the enormous debt the U.S. owes to China and other countries. It will be nearly impossible to pay it all back. Congress just keeps kicking the can down the road.
Believe God. Instead of America praying and getting Him to help us even more, we are driving Him out of our schools and universities, cities and towns, government agencies and departments, even graveyards and war memorials. The more we defy the Great God, the greater the crash will be. The Salt of the Earth must draw ever closer to Him and petition His divine intervention and great MERCY!
We pray for all of you. And we thank you for your prayers for us.
T. Leon Sexton
