The proposed healthcare bill is projected to cost over 2.4 trillion dollars just to begin and will then explode to costs that can’t even be projected [Health Costs and History] [ObamaCare’s Cost Could Top $6 Trillion]. Earlier this year , President Obama’s 3.27 trillion dollar stimulus plan passed with little opposition [True
Cost of Stimulus: $3.27 Trillion]. Cap and trade, a bill which in and of itself guarantees a crippling effect on the economy, is on the near horizon [Cap and Trade Will Devastate Economy]. Our foreign debt holders know full well that the necessary explosion in the already extremely excessive printing of money to lend the illusion of solvency will go mostly unreported. They know that they can no longer afford to hold dollar reserves and treasury debt. It is a black hole that will consume their economies.
U.S. Debt Default, Dollar Collapse Altogether Likely
The prospect of the United States defaulting on its debt is not just likely. It's inevitable, and imminent.
UN Report: The Dollar's Imminent Collapse is Being Caused by U.S. Debt
China’s Recent Actions Indicate They May Soon Drop The U.S. Dollar
China Set To Reduce Exposure To Dollar
We are also now being warned about "The Big Collapse". The staggering size of the debt now held by US corporate and government bond markets has been an extremely dangerous gamble, a gamble that is now about to be lost. The collapse of the bond market is being predicted as “The Big Collapse”. The magnitude of this collapse is so large that it is hard to fully understand:
The Big Collapse Could Be Very Near: http://www.globalresearch.ca/index.php?context=va&aid=13826
Alister Bull: Reuters
" The end of the current financial system, as we know it, may be imminent. If you would have asked me even two weeks ago if collapse was imminent, I would have said it was highly unlikely, now I am saying it is possible. Bernanke may be able to patch things up short-term, if he is lucky, but in the long term the U.S. financial structure is in serious trouble. There is just too much Treasury debt that needs to be raised. An international panic out of Treasury securities, even a slow controlled panic, means the Fed will be the major buyer. This will ultimately mean record inflation.
And keep this in mind, we have never seen a collapse of a currency like the dollar. Even the hyperinflation during Germany's Wiemar Period can not serve as an example. Since the dollar is the reserve currency of most of the world, a panic out of the dollar means more dollars will return to the U.S. shores than any country has ever experienced.
Other countries have had collapsed currencies, but never in the history of world of finance has so much currency been held outside a country of issue that could come flying back, almost on a moments notice. If the panic out of the dollar starts, even if Bernanke stops printing money (unlikely), all the dollars flying back into the U.S. could cause a huge price inflation all on its own. "
One instantly wonders how bad things will get both here and globally when this happens. It’s not easy to predict just how bad this will be. We’ve never seen a lone superpower’s currency become the world’s reserve currency then collapse thus taking the superpower with it. While the ramifications of this are indeed dire, our purpose
here is not to scare you but rather point out its logical end. What we should focus on here is, what governments are going to do in response to the collapse of the dollar. When will they take action? Will governments, seeing the coming collapse, take action before the dollar actually collapses or will it take fallout from the collapse of the dollar to spawn action?
Crash of 2009: Black Days Directly Ahead
Inflation Supply Shock Inferno
The gasoline for rampant inflation already permeates the US economy – and all it will take is one bad day for a series of interrelated supply shocks to set off an inflationary inferno….
Get ready, America: Great Depression 2.0
No one can accurately predict when a government will “hit the wall” financially. That final moment of crisis will occur when the national debt and its compounding interest charges rise so high that combined national tax revenues are unable to cover the interest payments. At some point Western governments will fail to qualify for additional credit. They will be unable to borrow international funds because the Chinese Central Bank, the Middle Eastern Arab sovereign funds, etc. will realize that the debt can never be repaid in anything other than
a grossly inflated and massively devalued worthless currency.
History revels that inflation is government’s favorite method to repudiate its debts. Years ago economist John Maynard Keynes wrote, “Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continued process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
It would be naive not to look at the fact that action in response to the collapse of the dollar and America has already been planned. The evidence of desires and planes for global governance has been spoken of openly by world leaders for more than two years now [and even longer]. This obviously begs the question, has the collapse of the dollar been engineered? We do not want to dwell in any conspiracy theory, but we will point out that many unnecessary forces and legislation has been brought about that followed to any logical end would lead to the unnecessary collapse of the dollar. Whether by sheer foolishness or by design, we will only say that the case for
design is much easier to make. Whichever the case is, the bigger picture is the result of the collapsing of the dollar.
The end game in all of the public pronouncements, insane legislation, and behind the scenes manipulations is global governance. The Bible has told us that as the last days [of this age--not of humanity] unfold, a revived “Roman Empire” will emerge and it will rule over the world via a global government made up of 10 world regions. The Antichrist will rule over this one world government. Events are unfolding at a pace that is almost hard to believe. We are seeing the plans [if not the very formation] of this global government taking shape while simultaneously watching the world currently divide into 10 regions that will be ruled by this government. As we look at the road ahead, let’s first look at the emerging global government that is taking shape.
Global Government Emerging
Obama's new world order
President Obama is on a path toward establishing a one-world government.
Gore boasts: 'Global governance' coming with carbon tax
At this point [November 2009] the big question is will Barack Hussein Obama sign this treaty [Copenhagen Treaty: see above video]? In reality it is a matter of when, not if. The latest news is that the Copenhagen treaty will be delayed until either summer 2010 or December 2010:
US admits it expects Copenhagen Treaty to be delayed until 2010
"Senator John Kerry, who chairs the Foreign Relations Committee and is working to secure support for the proposed US climate bill that he co-authored with Democrat Senator Barbara Boxer.
He said that the US would aim to deliver a "binding and real political agreement" in Copenhagen that would then allow for a treaty to be signed either next summer or at the UN's next major climate change summit in Mexico in December 2010."
Senator Kerry's own words indicate the inevitable signing of this treaty.
It is important to note here that the word treaty may not be the best word to describe what will be signed. It is purposely written as an agreement which
could allow for the bypass of normal congressional ratification of treaties, however that too may be a moot point. The New York Times is currently reporting that even though there has been reluctance toward congressional votes for a climate bill, "at least 67 senators are in play on the issue, enough not only to pass the climate bill but also to ratify an international treaty":
Let’s look at the treaty itself. On page 18, what nations will be agreeing to is clearly spelled out:
38. The scheme for the new institutional arrangement under the Convention will be based on three basic pillars: government; facilitative mechanism; and financial mechanism, and the basic organization of which will include the following:
World Government (heading added)
a) The government will be ruled by the COP with the support of a new subsidiary body on adaptation, and of an Executive Board responsible for the management of the new funds and the related facilitative processes and bodies. The current Convention secretariat will operate as such, as appropriate.
To Redistribute Wealth (heading added)
b) The Convention’s financial mechanism will include a multilateral climate change fund including five windows: (a) an Adaptation window, (b) a Compensation window, to address loss and damage from climate change impacts, including insurance, rehabilitation and compensatory components, © a Technology window; (d) a Mitigation window; and (e) a REDD window, to support a multi-phases process for positive forest incentives relating to REDD actions.
With Enforcement Authority (heading added)
c) The Convention’s facilitative mechanism will include: (a) work programmes for adaptation and mitigation; (b) a long-term REDD process; © a short-term technology action plan; (d) an expert group on adaptation established by the subsidiary body on adaptation, and expert groups on mitigation, technologies and on monitoring, reporting and verification; and (e) an international registry for the monitoring, reporting and verification of compliance of emission reduction commitments, and the transfer of technical and financial resources from developed countries to developing countries. The secretariat will provide technical and administrative support, including a new centre
for information exchange.
Click here to download a copy of UN Framework Convention on Climate Change Treaty "Copenhagen Treaty".
As the road ahead starts to unfold, the full weight of the [mostly unreported] more and more printing of money to cover outrageous legislation such as healthcare, stimulus, etc, etc, etc, etc, etc, will have its blatantly obvious effect and collapse the dollar.
This unavoidable collapse will send America into hyper inflation which will wreak absolute havoc on an already beaten down economy. There will be much speculation on this being the end of the US as well as the very real and likely possibility that we will go into a depression far greater than that of the 1930’s. One in which no one see’s a turnaround. It is at this point that the now delayed Copenhagen treaty [maybe by then revised and named something else] will either be rushed into signing or may have recently been signed due to the knowledge of this now unavoidable collapse of the world’s economies.
We will be forced to move from the dollar to the IMF’s “waiting” currency [IMF is an EU institution] to save our houses, jobs, stave off starvation, etc. The Euro is a possibility too but with the deepening economic world-wide woes at the end of 2008 through early 2009 a new world reserve currency was created by the IMF. At the time, there was much talk in Christian circles about this possibly being the coming one world currency. This new reserve currency was “put on the back burner” and we were told that it was put in storage in case something like it was ever needed. With the forming of this coming new government, we can fully expect
to see this new world reserve currency [one world currency] coming on line hand-in-hand with this new government.
UN panel touts new global currency reserve system
IMF Currency Could Threaten Dollar’s Reserve Status
Talks on new world reserve currency 'legitimate': IMF chief
Along with America, the rest of the world will have to make this move. It is doubtful, that even with all the talk about dropping the dollar, that many countries will have fully done so and even those who are wanting to move away from it now [countries like China] still will hold huge amounts of US debt and unless they want that to cause their economies to collapse will have to make the switch too. It is at this point that those who have tirelessly worked and planned for global governance will see the full fruits
of their labor in a one world government with a one world currency.
America, while maybe not a footnote, will at a minimum now be in the back seat and the true superpower will be the EU. The new power structure in Government and banking will be in the EU. It is hard to guess what role the UN will play in this new world order. We do know that the EU views the UN as an American endeavor and secretly looks down on it for that. Whatever role the UN will have [if it even has one] will be a role subservient to the EU and later under the full control of the Antichrist.
10 Regions Taking Shape
Before talk of an official one world government was discussed openly by world leaders, the world was already dividing itself into regions based on the EU model. Shortly before the writing of this article, Asian leaders announce that they would be forming an Asian style EU bloc.
Asian leaders eye EU-style bloc
With pressure from this new union, along with the already huge economic pressure from the European Union, a North American Union should come as no surprise. Thomas d’Aquino, CEO and president of the Canadian Council of Chief Executives [the Canadian counterpart to the U.S. Chamber of Commerce] confirmed in an interview recently published in Canada the accuracy of what World Net Daily first reported over three years ago: namely, that the Council on Foreign Relations was the prime mover in establishing the Security and Prosperity Partnership of North America, or
SPP [North American Union].
Insider reveals secrets of North America plot
North American Union to Replace USA?
A cursory search will reveal a lot of credible information on the coming NAU. In fact, this is so out in the open that Arizona State University has built a course around preparations for this: http://nacts.asu.edu/
So how many other union blocs are there?
The Mediterranean Union: Dividing the Middle East and North Africa
Middle East: Union Now
Africa leaders edge towards unity
A Caribbean Union, European-Style
South American union is created
As if the above isn’t startling enough, the EU [The prophesied revised roman empire which will rule over a world broken up into 10 regions] already has planned to break up the world into 10 economic regions. You can see their plan directly from their own site:
Minus some slight tweaking by the EU, the regions are either in place or in the process of forming now. With the exception of wording, one could read the Book of Daniel and wonder if they were reading today’s news paper.
Which Happens First
At this point it is impossible to say just how this will play out but what is for certain is that the end result will be a one world government with a one world currency and with the world divided into 10 regions under this government. The EU [whether in a visible or less visible way] will sit atop this government with the Antichrist at the helm.
We could see the formal creation of the one world government in 2010 with the coming dollar crisis [resulting in a world economic crisis] solidifying it and its structure of 10 economic regions. We could also see the coming dollar crisis spawn the North American Union as well as other non-fully formed unions. These power blocs could easily segue into a one
world government after the next coming crisis for the world. If that were the case, what could be the next coming crisis for the world????
The latest news about the delay in the signing of the Copenhagen treaty until Summer or December 2010 is a very very significant development which in effect, puts this treaty on the desk of world leaders at the same time the world’s economies have either crashed due to the collapse of the dollar or are about to crash due to the dollars inescapable collapse! It is more likely that this is the scenario that will happen.
Keep in mind, this one world government will not be in its ultimate and final form until after the Rapture of the Church happens. While it is likely that the Antichrist is in some form of power and playing a role in this formation, we are told in the Bible that the Antichrist will not be in his final and ultimate power until after the Rapture which also means that no matter how fully developed this one world government may start to appear it will not be in its final state until the Antichrist takes the helm and is no longer restrained by the Holy Spirit. 2 Thessalonians
In looking at the road ahead, you cannot overlook the immense impact the rapture will have on events. The Rapture is nothing less than a game changing event. If the Rapture were to happen right now, by necessity so would the one world government. Every aspect of life here on earth from economy, to real-estate, to government, to transportation, to communications, to banking, etc. will be impacted by the Rapture and on a global scale. Obviously some areas will be harder hit but no area will go completely untouched. The nations of the world will, at least initially, be crippled and completely gripped by fear. The formation of a one world government will be the first step in the recovery of the world.
If you would like to study what the Bible says about these upcoming events, please go to our articles page. There you will find specific and detailed articles dealing Biblical prophecies and the time we are living in.