May 16th, 2011
Is there any better indication that we live in a world turned upside-down than this? The euro – the currency of an economic region battered by the insolvencies of entire nations – looks more attractive to global investors these days than the crumbling U.S.dollar. A commentator in the Financial Times is the latest to riff on this disquieting reality for Americans.
This sad state of affairs, however, is just another reminder that the ship of this world is sinking, drowned in part by the consequences of man’s ancient greed. As we plunge further into this sea of economic despair, the world will be looking for a hero to rescue ourselves financially. This will open the door for the Antichrist, who will provide a slick solution – as long as you’re willing to take the “mark of the beast” described in Revelation 13 in the Bible.
Whether euro or dollar, yuan or peso, the world’s system is paper money. And the euro – despite what world markets say at the moment – ultimately is no better than the dollar. Right now, the U.S. dollar remains the world’s reserve currency,and all other currencies are measured in value against it. But the dollar has become worthless because the United States has saddled itself with so much debt. As the Times commentator points out, there is no way for the U.S. government simply to print our way out of disaster.
Gold and silver – the basis of God’s money system, not man’s – are the answers. They’re real. Paper currency no longer is even worth the paper it’s printed on.
For more information about paper currencies and value, I’d recommend the Currency Capitalist. But in any event, while the dollar isn’t the answer to global money woes, neither is the euro.