One of the big questions in financial circles these days is whether or not deflation or inflation is in store for us in the future. Inflation-caused by the expansion of the supply of money and
credit.
Deflation-caused by the contraction of the supply of money and credit.
Inflation causes prices of products to rise, or prevents them from falling. Deflation causes prices of products to fall, or prevents them from rising. When in deflation, the standard of living goes up as prices go down. We obviously have been in a short-term deflationary period as the money supply and credit have contracted.
But while we might enjoy the lower prices due to deflation, our government does not like it. Rather, it
needs inflation because it can provide services without having to collect more taxes. Also, since the U.S. is the world's greatest debtor, inflation is it's friend as it can repay its debt with dollars of diminished value.
Inflation also sends taxpayers into higher tax brackets and therefore collects more money. There are many other similar reasons that our government wants inflation, and they are working hard to get us back on the inflation track by spending money by the trillions.
One of the speakers at last month's
Steeling the Mind Bible Conference in Denver,
Tom Cloud, gave an excellent presentation
Tom Cloud at Steeling Denver |
on the problems with fiat currency (nothing backing its value).
Tom is on a mission to educate Christians on the best way to purchase precious metals as a hedge against inflation. Christians by the boatload have been hugely ripped off purchasing gold and silver through retail outlets pushed on radio and TV. Ad responders are almost always steered to the coins that have the most commission for the salesman, which is the worst deal for the buyer.
Those who attended Compass' summer financial luncheon, or watched the DVDs, and heeded Tom's advice, have realized remarkable gains in only two months. And the future looks like more of the same.
Learning from Y2KAnother of the speakers at the Denver
Steeling conference, John Loeffler, gave a non-financial, but spine-tingling presentation entitled
"The Unseen Hand." For almost an hour John traced the
John Loeffler at Steeling Denver |
behind the scenes movements of secretive world policy decisions and their logical conclusions. You could have heard a pin drop. It's so fascinating for Believer's to be able to watch Satan orchestrate world powers into his hand.
At one point in his well-prepared and highly researched Power Point speech (I was working back in the book table area at the time) I overheard John talking about the potential for "food shortages." Well, as you could imagine, my heart skipped a beat as my mind immediately raced back to Y2K, remembering my fruitless arguments with the proponents of a millennium crash. "Here we go again," I thought. Afterward, I quizzed John repeatedly, concerned that speculative theories might again scare people for no reason.
The Bible Says HUGE Inflation Comes in the Last DaysBut after hearing all of John's research and data, I determined that his theory did, in fact, have validity. Not that we were going to necessarily run out of food, but that food prices could be rising in the future. Big time, off the charts rising. That thought reminded me of a verse in the Bible regarding inflation in the latter days:
"And I heard as it were a voice in the center of the four living
creatures saying, "A quart of wheat for a denarius, and three
quarts of barley for a denarius;" Rev. 6:6
The universal interpretation of that verse is that, early in the seven year Tribulation, it will take everything a person earns in one day to buy enough food for that one day. That qualifies as
huge inflation for food prices. So we know where we're eventually headed - massive inflation!
Granted, we won't be here during the Tribulation period, having been Raptured away just days prior. But you know, as they say, when you see the Christmas decorations going up, you know Thanksgiving is close! :-) And if, in fact, we are living in the end of the Church Age, we will see more and more inflation as we creep up on the Rapture.
Could we see rampant inflation in the United States?
You bet. Our government, already the world's biggest borrower, is borrowing daily far more than we can ever pay back. That debt will become, in time, worth less and less, and therefore less people will be willing to buy our debt. The government's only hope is to inflate out of the problem, at the expense of the dollar.
John Loeffler's and Tom Cloud's presentations fall into the "must see" category and you can order them through the link below. But as the Bible says, a wise man has many counselors. We need to have more than one opinion because no one has it all correct.
There are nine presentations available from this conference, all by
men who trust the Bible as their accurate, defendable authority in life. Watching the entire conference gives a good balance of counsel in order to be more discerning in our desire to be used by God in these days in which we live.
As we watch the ever-quickening pace of "change" taking hold, we must balance our fiscal priorities with the fact
most of us have next door neighbors that have no clue that the shed blood of Jesus is their only hope to escape the horrors of eternal damnation. God is providing great opportunities to witness, and even more so in the future. So order these DVDs, watch 'em and pass 'em around!
Use us Lord!___________
Additional information -- Our economy:Federal Reserve Chairman Ben Bernanke says our economy is "unsustainable" because
interest on the national debt will continue to spiral out of control.
Click hereAdditional information -- Future inflationLooking ahead to 2020, you could be a billionaire!
Click hereSpeakers Q&A at Steeling Denver |
Denver Steeling the Mind Conference titles available now: (Click on title to order)Characteristics of the Tribulation - Paul Van NoySuffice it to say, you don't want to experience first-hand this 7 year nightmare.... and it's worse than you have ever imagined! Paul will present a beginning-to-end expose' of what it will be like living between Rapture and the 2nd Coming. Good golly miss Molly!
The Unseen Hand - John LoefflerA remarkable transformation of western society is taking place. A quickening pace of cleverly orchestrated efforts is taking place in world religion, politics and economics... making breath-taking progress toward a final goal. Just who is behind this "change?" Satan for sure. But who is he using to do his dirty work? Chilling.
Jews, Money, and Global Government - Wilfred HahnNo, we don't believe the Jews are in a conspiracy to take over the world. But they are God's chosen people and there is an incredible mix of prophetic factors that are sure to play out in this last days generation. This eye-opening presentation will jolt you into a heightened awareness of God's prophetic plan for the Jews.
Rescuing Your Loved Ones from God's Wrath - Mike GendronWhen the dust settles, the only thing that really matters is who goes to heaven and who goes to hell and God wants to use us to rescue people from the wrath to come. So Mike, an ardent evangelist, shares Biblical suggestions for reaching friends, family and co-workers with the Good News that their sins, past present and future, have been paid by Jesus on the cross at Calvary.
The Mystique of Mount Moriah - Randall PriceThe same place Abraham offered Isaac as a sacrifice is the same place the future Jewish Temple will be built prior the the 2nd Coming of Christ. Randall, an expert regarding the Temple Mount, takes you through an amazing walk though the rich history and future friction between the Jews and the Muslims over this volatile real estate-God's special place on earth!
The Nine Future Wars Of Bible Prophecy - Dave ReaganThe Bible prophesies there will be nine wars in the end times. Which will be the first, where will it happen, and when will it most likely occur? Which will be a nuclear war? Which will be entirely supernatural in nature? Which will result in the annihilation of two-thirds of the Jewish people? When and where will the last war take place, and why will it be the last one? Will today's generation see any of these wars? What is the message of these wars for believers today? Excellent!
Christians & Investing During Volatile and Uncertain Times - Tom CloudChristians are Biblically encouraged be savvy investors, even as they watch the Lord's return draw near. What's up, what's down, what should a balanced investment portfolio look like? Could gold and silver still go higher? Will paper currency eventually be eliminated? Inflation or deflation? Is it all over but the shouting or do we still have some time? The good the bad and the ugly!
Christians and the Obama-Nation - Dave MooreDave won the hearts of the last Steeling conference with his knee-buckling presentation on forgiveness. We see a different side of Dave in this machine gun, let it fly, wake up and smell the coffee presentation about what we are witnessing first-hand in our country! This is one incredible presentation!
Steeling Denver Speaker Q&A - VariousUncensored question to the speakers from the audience makes for a wild and often humorous answers. Additional insight from every speaker sheds more light on every subject.
Click here to order the Steeling the Mind Denver 2010 Conference DVDs for only $9.95 each!