“Great Myths of the Great Depression” is a fascinating analysis of the Great Depression. The popular myth is that laissez faire policies caused the Depression and government intervention was what finally ended it. Lawrence Reed points out that the Federal Reserve “presided over a dramatic contraction of the money supply that began late in the decade [of the 1920s]. The federal government’s responses to the resulting recession took a bad situation and made it far, far worse.”
Read the full story here: “Great Myths of the Great Depression”
Category: Banking
The dangers of fiat currencies
Here is an opinion piece from the Sydney Morning Herald proposing new look at gold standard. The article is entitled “It may be struggling now, but you can be certain the greenback will be the last to go.” The author, a professional money manager, points out the inherent dangers of fiat currencies.
Predictions of the imminent collapse of the US dollar are unfounded, writes Michael Trifunovic.
Source: It may be struggling now, but you can be certain the greenback will be the last to go
An Analysis of the Current Crisis
In 1992 Archangel Chamuel told us, “The problems in the economy and the national debt, beloved ones, are problems that defy human solution and they almost defy angelic solution. There are only two ways out: collapse or victory. You might as well go for the victory with all of your might! For if you do not, then the collapse will come.” [Pearls of Wisdom, vol. 35, no. 58]
In this post we bring you “An Analysis of the Current Economic Crisis,” a PowerPoint presentation which was given by Keeper of the Flame Wendy Marcano to the Minneapolis Community Teaching Center. It contains some excellent information for our calls and decrees. Also attached is a call on Gold and the Economy adapted from the God of Gold dictation from 1977, and a fascinating report Rolling Stone magazine on Goldman Sachs, “The Great American Bubble Machine: From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again.”
Thank you to those of you who have written to tell us that you and your groups are giving decrees and holding services on the economy. Praise God! This is the kind of sacrificial giving that delights the Lord! I ask you to please get together in groups of two or three or more at least once a week to give the decrees for the economy, even for half an hour or an hour or two. Wherever two or more are gathered in His name, there is the Christ in the midst of them.
Morya says “Tempis fugit!”–time flies! The sands are indeed running through the hour glass.