Search results for: "alt currency"

Discussion: Alt Currency

Inflation Part 2

How to deploy God’s “Storehouse” strategy of banking which can utilize an alternative community currency to the US dollar as a hedge against Inflation. The alternative currency would still be convertible to and from USD using payment bridges.

Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock. And everyone who hears these words of mine and does not do them will be like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it.

Matthew 7:24-27

Within a community, there lies an opportunity to encourage and stimulate the local economy, whereby the people of a given area agree to accept their own currency in lieu of US dollars. This does not remove the use of USD, but it runs in parallel to it.

BerkShares local currency
W.E.B. DuBois born in Great Barrington

An example of this is BerkShares which was a local currency created in 2006 and is accepted by 400+ merchants in the Berkshire Region of Western Massachusetts. Here is a good article in the Boston Globe.

Saugatuck Bank, Westport CT local currency 1860

Here is a different example of a Westport CT local bank issued currency (these are the printing plates) from 1860. Because banks today are regulated by the Fed, they deal only in Federal Reserve Notes (USD). But that wasn’t always the case! And what if the Fed fails?

We continue to discuss why inflation is coming. Another good perspective on this is from Ray Dalio, who manages the largest hedge fund in the world Bridgewater Capital, also based in Westport CT. While I don’t agree with Ray’s approach to economy and investing, he is an astute observer. And here.

Hockey Stick Increase M1 Money Supply

Finally, we have received another wake up call from the Fed itself when it announced at the beginning of the year that it would stop tracking ANY of the money supply. Yes, you heard that right, for years everyone tracked M1 and M2, which are our US measures of money. But the problem is when the Fed started printing money during the pandemic and the Fed government sent out stimulus checks and PPP loans, the money supply exploded. M1 took off like a rocket. This is also a sign of inflation. The fact that the Fed is not really explaining why it took this action, is also problematic.

Weimar Wheelbarrow of Money

This just in: 3 Americans – Buffet, Bezos and Musk are wealthier than the bottom 50% of all Americans. Mmmm.

There was not a needy person among them, for as many as were owners of lands or houses sold them and brought the proceeds of what was sold…

Acts 4:34

Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.

WSJ excerpt from “It’s Raining Money! What Happens When It Stops?

Roundtable Discussion: Currency Wars

Sanctions as Weapons

Russia’s war on Ukraine has kicked off a financial ‘world war’ / ‘cold war’ with one side being the “allies” of US, Europe, Japan and other nations putting on all sorts of sanctions that are US dollar and Euro based. Then on the other side you have “the axis” of Russia, and to a lesser extent China, Syria, Iran and North Korea. Russia formally asked China for financial and military assistance this week.

Then to complicate things, the OPEC nations are more aligned with Russia than the USA, because of the Biden administration’s “green” war on fossil fuels. So, Saudi Arabia and the UAE are not backing the sanctions, and they are not pumping more oil at the administration’s request. Furthermore, they are unhappy with the Biden administration’s big push to resign the Iranian nuclear deal, which those same countries are at war against Iran via the Yemeni civil war Houthi rebels (Iranian backed).

This is all critically important, because of the power of Petro Dollars, whereby the USD has dominated the settlement/payment of the global oil and gas markets. Critically, in 1973/4 the US promised to defend Saudi Arabia (and later other OPEC nations) militarily in exchange for imported oil and that the settlement currency for all nations would be in dollars. This coupled with the Saudi promise to invest excess proceeds for oil sales in US treasury bills, notes and bonds (US Debt).

Now all bets are off, as this week Saudi Arabia put a “shot across the bow” of the Biden administration by moving toward doing a “new deal” with China for oil exports that is settled in Yuan, which would be unprecedented.

Crypto and CBDCs

The next dimension of the currency wars is the “space race” for crypto and central bank digital currencies.

U.S. Roadmap to Digital Currency

There are proposals on the table that would not only create a digital dollar, but also create individual accounts with the Federal Reserve. This is a new level of dependency on the Federal Reserve bank and its computer systems. This also would disintermediate many functions of local banks, credit unions, coop banks, and thrifts.

Federal Reserve: Money and Payments: The U.S.Dollar in the Age of Digital Transformation (January 2022)

We first discussed the Fed studying digital dollars back in 2020 in the Crypto Currency discussion

Treasury: Executive Order on Ensuring Responsible Development of Digital Assets (March 10th)

One of the critical aspects of both are how payment systems of the world work. Crypto mainly relies on digital wallets for accessibility, which are regulated by the central banks as they interface between the banking system and the crypto world. This became apparent in the Canadian state of emergency where they froze the Trucker’s digital wallets which effectively locked-up any access to their crypto.

The Storehouse Imperative

All of this points to the “new world” which we are financially and technically entering into. With “Babylon” imposing more and more sanctions and controls, and with more conflict coming on the earth, coupled with more scarcity and inflation – we The Church need wisdom and Godly solutions. Both to sustain us, and to provide refuge in a storm to those who do not yet believe. We find the answers in the bible, and as reflected in the new wineskin of the Storehouse vision and the New Breed approach of heavenly supply lines.

Discussion: The future of Crypto Currency and its potential role in Kingdom Finance

Crypto currency is a specific form of digital currency. It has interesting attributes, such as block-chain technology, a decentralized and distributed ledger, its “mining” system of replicating the ledger. It is also part of what is newly being termed as DeFi, or “Decentralized Finance” (as opposed to traditional banking centralized systems which are by design for data integrity – think about keeping accurate, real-time bank balances).

If you want to take a deeper dive on some of this stuff, you can find a recent article in Forbes here:

Forbes Crypto Trends Article August 31, 2020

These Goldman Sachs research slides on Crypto are good background:

Here is a recent Crypto / DeFi (Decentralized Finance) investment banking “FinTech” conference (thanks to Joel Frazier for referring):

DeFi banking conference YouTube playlist 14 videos

Some interesting sub-subjects within that playlist:

Bitcoin first mass “Crypto”

Bitcoin annotated price chart, Goldman Sachs

Pros of Crypto

  • Outside of the banking regulation regime and Federal Reserve
  • Hard to cheat due to the transparency of the distributed ledger
  • Some early adoption being accepting as currency and alternative to settlement / payment in the central bank currencies and systems
  • Technology allows for trusted exchange of value online (digitally)
  • Anonymous

Cons of Crypto

  • Bitcoin and other early adopters have history of criminal activity driving usage and price. Drugs. Prostitution / Human Trafficking. Porn.
  • Fiat currency – nothing of substance or value back cryptos
  • Bubble currency – crypto has a large draw to many speculators because of a “gold rush” mentality. It is just going to go higher, so by low and sell high! This creates price instability and is a actually a big negative as a currency people can depend on, say to fight inflation and product price instability
  • Adoption hurdles for real world use – most transactions still not Crypto enabled

Block Chain compared with Crypto

  • What is block-chain technology and why should I care?
  • Crypto uses block-chain technology, but Crypto not its only applicability
  • Block chain is more the core technology behind Crypto – i.e., distributed data and transparency and availability of public record
  • Lessons learned from Bitcoin and Ethereum

Regulation and Federal Reserve

The Federal Reserve is studying crypto and digital currency for central bank use, here is their recent talk on the subject, including their collaboration in the Boston Fed and MIT (thanks to Merrick Fin for discussion idea):

August 13, 2020 Fed Speech

  • How might the Fed use digital currency in days ahead?
  • What does the regulators and the Federal Reserve think of Crypto?
  • How might the Fed adopt a digital currency pf their own in the future?
  • How could a cashless society benefit, hinder or even control US citizens? God’s people?
  • What are the alternatives?

Kingdom Applicability of Digital Currency, DeFi, Block-chain, and/or Crypto:

  • Technologies could be utilized to create an “off-the-grid” alternative away from dependence on the Federal Reserve banking system
  • Resources could not be reclaimed by regulators through a “bail-in”
  • Could be utilized to help create alternative currency that was not tied solely to USD, or to the USD at all
  • Could be combined with local storehouses concept to create local resource pools that back a digital currency
  • Such asset-backing will stabilize the value of any alternative currency
  • A “New Breed” of Kingdom culture, education and discipleship in the area of commerce / finance would need be part
  • Kingdom elders in a region can provide governance aspect, even judiciary aspect
  • Distributed / decentralized aspect fits to the broader Kingdom networks across geographies, affinity groups
  • Analogy of Christians going on pilgrimage to the Holy Land during the crusades and how they could put their money “on deposit” with the Knights Templar who were a Catholic military order who established the first modern era banking concepts across geographies

Related Chuck Pierce Dream Excerpt

See post and podcast surrounding Chuck Pierce’s Passover Prophecies

I realized that I needed to update my wife, Pam, on my location and what I was doing. I went to use my cell phone to call her but knew it was not the proper way to communicate. It’s not that I couldn’t use my cell phone—I just knew that by using it, I would thwart the business that we had in the port. In other words, the line was not secure.

By this time, I was in a lounge at the port. I noticed a land-line. I unplugged the phone and the line from the wall and brought it into a glass business center setting. I tried to use the landline but couldn’t get through and realized I needed a certain code to access an outside line. So I couldn’t use the landline to connect with my wife. I knew I could figure out the code but also realized that was not the right mode of communication in this case.

The barge captain came into the lounge and asked if I was trying to use the phone. I said yes. He said, “Using the landline will cost you an exorbitant rate, and you need a code. Let me bring you another device for communication.” (I had the impression that someone would trace a landline call to me because of how large the bill would be.)

The captain returned with a new hidden device. This was an odd pay phone looking thing about the size of a watch box. I realized that to activate the phone and make a successful connection, a portion of the device had to catch a coin from our current US dollar economy. Once the device was activated, there was a money clip—like wallet/phone that I could use to make my call. This portion of the device, however, required some sort of new currency to activate and operate the device in order to have successful communication.

This currency was like crypto-currency, but it was something else—and I knew I didn’t have the proper currency to operate the device and make my connection. Only this new currency could operate the device, and some way or another the currency had a chip in it that would cause the device to work.

Chuck Pierce May 6th, 2020 dream excerpt from “Passover Prophecies”

Chuck’s interpretive excerpts

  • Somehow gold is key in the new currency
  • Israel is a key
  • Israel can help us realign our communication and commerce
  • Now we must realign with Israel for trade. When Israel was maturing as a modern nation, many other nations resisted trading and working with Israel. It had to learn creatively how to grow, produce, and use its own food and to develop many other innovative products, devices, and systems. This will be similar for our communication in the future. Israel will help develop ways for us to communicate so our trade system will flourish.

Possible Interpretative Keys

  • Phone represents communication
  • Phone can also represent prayer or prayer networks
  • Landline – old tech banking (Fed Reserve USD)
  • Exorbitant rate -> hyperinflation of old system?
  • Currency represents means of exchange
  • Currency also could represent God’s means of exchange through favor / access through the phone device
  • Pam, Chuck’s wife, could represent the Church and prayer networks
  • Barge captain liken to Jesus
  • There seems to be need for new ideas, wisdom / shrewdness in all of this
  • Jesus has the keys / blueprint for “the device”
  • Money clip / new phone device could be related to Fintech style “App” on a phone (mobile device)
  • Like crypto, but yet not crypto could be a type of digital currency that is non-USD based with the tech of crypto (block chain), but not BitCoin or Ether or look-alike fiat speculative currency
  • Chip in it – technology based – could include embedded chips like credit cards now have to help securely identify
  • Somehow gold is key in the new currency – instead of a digital currency based on USD, it could be based on gold and/or basket of value that includes gold (silver, copper, platinum, palladium, other currencies, grain, water, etc.)
  • Catch a coin from our current US dollar economy – built inside the US governance, law and economy and includes ability to transfer USD into new currency
  • New Hidden Device – hidden from view of enemy, new in that it is newfangled tech and idea
  • Israel is a key – integrated with Israel economy / trade / currency / communication somehow – which has been supernaturally blessed by God since 1948 in many ways

Roundtable Discussion: How to Start a Storehouse 

This is Part 4 in a Storehouse “How To” Series
(our next session will be “Structure and Governance”)

By Way of Review

Storehouse Vision

How to Create a Storehouse podcast Series:

Part 1: Seeding Storehouses

Part 2: Why a Storehouse?

Part 3: Needs not my Own

How to Begin

We will discuss the basics of starting a Storehouse using two types of funding models at any group level (church community, city, county, state, region, nation) :

1. Create an evergreen “Common Fund” or “Storehouse Fund” to serve a community on an ongoing basis. You can think of this as an “and they laid the proceeds at the Apostles feet” as per Acts 4:35. You also can think of this as an Endowment or Foundation.

2. “Storehouse Project” funding whereby individuals within a community can opt-in or invest side-by-side and project by project. As part, each individual can also “store” resources in a type of account where they have the flexibility and choice to: invest from, transfer funds in and out of, have principal returned to, donate, purchase goods or services with, and receive gifts or dividends. There are 3 basic types of projects, which we generally categorize as: Assist (benevolence), Equip (interest free loans) and Destiny (dividending loans).

And how a hybrid of the two works together…

These models will focus around a simple USD based Storehouse, but can be done with any currency, or you can create a local currency (see Alt Currency podcast).

Examples mentioned in podcast

Mully Movie https://newbreed.co/2021/02/17/mully/

Money has become a god to My people

Roundtable Discussion – Chris Reed’s $50 Dream

(Inflation Prophecies – Part 2)

Chris Reed (who is succeeding Rick Joyner) at Morningstar Ministries had a vivid dream up in Moravian Falls on March 25, 2022.

Interpretative Keys

  • $50 bill – Ulysses S. Grant; “Reconstruction” of America post the civil war and the next generation, “restoring” after the next American civil war / revolutionary war
  • 50 states in the union
  • 50 is Jubilee in the bible (slaves freed, lands returned), but in a judgment context it has the opposite meaning (Jonathan Cahn calls it the dark jubilee for instance)
  • 1/3 tear is like the dollar will be worth a third what it was. 30% inflation headline
  • 1/2 tear is like the dollar will be worth half again of what it was. Earthquake under my feet. Bob Jones prophesied a West Coast Quake tied to an economic quake (1. 1989 San Fran, 2. 2011 Japan, 3. ???? West Coast).
  • Israel / Palestine 2 State Solution. God will divide the land of whoever divides Israel’s land. Many have prophesied the San Madras fault earthquake along the Mississippi river. JPJ. Shane Warn. Others. Kushner’s peace plan also divided Israel.
  • Torn into little pieces. Division in USA. Further weakening / inflation of the Dollar. JPJ hyperinflation.
  • Man in black suit = Black horse = scarcity, famine, lack in the bible. The man in the black suit is like one of the 4 horseman riding the black horse Rev 6
  • “A quart of wheat for a days wage” Rev 6:6 is high inflation
  • Preserve the oil (anointing – 5 wise virgins) and the wine (Jesus’ blood). Goshen cities of refuge. Shane Warren saw similar
  • “Give us our entitlements” – Shane Warren heard same thing
  • Middle East oil deal with China and Russia – Shane Warren heard similar things. Like we have been discussing in Currency Wars
  • States seceding from the union – JP Jackson had a similar dream of the flags 50 stars in 3 dimensions (cylindrical), where some of the stars started to disappear by going lower (receding like seceding)
  • Wheat and bread shortage headline – Ukraine’s main crop is Wheat. They grow over 25% of the world’s wheat (and therefore bread). KC being a breadbasket for wheat like mid east oil
  • US citizens growing their own food. Yes, JPJ also saw this where they ripped up some city streets to grow veggies. Armed guards for food trucks. Revelation flying over CA glasshouses / self-sustained micro ecology environments.
  • New dollar was a cell phone. Digital Dollar. This reminds me of Chuck Pierce’s dream of shipping and ports where he had to use a cell phone like device to use a secret currency backed by gold somehow. Inflation gets so bad that the US will issue a new Dollar. JPJ prophesied this.
A prophetic sign from 2009?
  • “A new dollar for a renewed America”. Like Grant’s reconstruction after the civil war. Renewal = Reconstruction. “American Recovery and Reinvestment Act”

Solutions

What is the solution? The Storehouse Vision of biblical economy is key to understand in this hour.

  • When do we do it? Start now, while “it is still day” John 9:4.
  • Where do we do it? From city to city, where we have come together as one, even as Christ and the Father are one. John 17:21
  • How do we do it? Rediscovering the scriptures about work, money and banking – being doers not just hearers of the word. James 1:22
  • How do we implement it? Through the 5-fold leadership gifts. Eph 4:11
  • How do we govern it? The elders of the citywide Church. Acts 14:23

Economic Dreams / Words

Rick Joyner – Field of Dreams
Shane Warren – Hurricane of Dollar Bills
John Paul Jackson – Nationalization of Bank of America
Dream – Train Wreck and Economic Trouble Ahead

Other Important Prophetic Words for America

Rick Joyner Second Civil/Revolutionary War
John Mulinde Church at the Crossroads
John Paul Jackson The Coming Perfect Storm
Bob Jones Perfect Storm
Jonathan Cahn Word for America 2022
Carter Conlon Word for America 2022

Earlier Related Roundtable Discussions

Inflation

Inflation Prophecies (Part 1)
Inflation (Part 2)
Inflation Signs (Inflation Part 3)

Currency Wars

Part 1
CDBCs (Part 2)

Alternative Currency

Crypto
Bitcoin (Crypto Part 2)
Regional Digital Currency
Alt Currency

Roundtable Discussion: Regional Digital Currencies

By way of background, you can view and listen to our previous discussion here: Alt Currency

BerkShares is a regional currency in Western Mass. It is going digital early 2022.

Yesterday (1/11/22), Merrick Finn, Chris Adams and I went on a field trip to the Schumacher Center for a New Economics in Great Barrington, MA. E.F. Schumacher was a German statistician from the UK who published a series of economic essays in his seminal book “Small is Beautiful”, which was a counterpoint to globalization and import/export economies and is considered by many to have helped inspire the locally grown, sustainable economics, and Fair Trade movements.

We met with Rachel Moriarity the coordinator of BerkShares and Fennie Wang the founder of HumanityCash – they are together piloting the digital rollout of BerkShares next month. Here is a good article in The Berkshire Eagle that encapsulates their progress and plan: What’s in your (online) wallet? On their 15th Anniversary BerkShares Will Go Digital

Rachel Moriarity and Fennie Wang

Interestingly, Schumacher became a Christian in 1971. Here is an excerpt of where his economic journey crossed with his spiritual journey (from Wikipedia)

As a young man, Schumacher was a dedicated atheist, but his later rejection of materialist, capitalist, agnostic modernity was paralleled by a growing fascination with religion. He developed an interest in Buddhism, but beginning in the late-1950s, Catholicism heavily influenced his thinking. He noted the similarities between his own economic views and the teaching of papal encyclicals on socio-economic issues, from Leo XIII’s “Rerum Novarum” to Pope John XXIII’s Mater et magistra, as well as with the distributism supported by the Catholic thinkers G. K. Chesterton, Hilaire Belloc, and Vincent McNabb. Philosophically, he absorbed much of Thomism, which provided an objective system in contrast to what he saw as the self-centered subjectivism and relativism of modern philosophy and society. He also was greatly interested in the tradition of Christian mysticism and read deeply such writers as St. Teresa of Avila and Thomas Merton. These were all interests that he shared with his friend, the Catholic writer Christopher Derrick. In 1971, he converted to Catholicism.

We compare and contrast to the Storehouse Vision of local currencies, and take a look at some of the pros and cons of the BerkShare digital dollars implementation.

Roundtable Discussion:

Economic Scenario Planning

Tomorrow we will discuss three possible future financial/economic scenarios and how God’s people can start to prepare now. We will do this as a way of thinking differently – as a New Breed of Business people – and how we can react well during times of uncertainty and shaking. This will help prepare us today for how to plan and live out our faith now and for the future. By the Spirit and in the natural. A hybrid of heaven and earth.

The discussion format will be this: we’ll lay out three scenarios and you – the NBB “management team” – will brainstorm about what could be done to address certain situations that may emerge. We will also evaluate and test the Storehouse models for how they would work under such scenarios.

Should be fun!

Pierre Wack – Royal Dutch Shell

Back in my strategic planning days in banking, we used a tool/method developed in the 1960s and 1970s known as “Scenario Planning“. This was made famous by Royal Dutch Shell, who through the leadership of Jimmy Davidson, head of Shell’s economics and planning, brought Ted Newland and Pierre Wack together as in-house “futurists”. The duo had a knack for shaping plausible, yet unlikely, future scenarios. And Wack, through his flair of his storytelling developed as a former magazine editor, was highly effective presenting such scenarios to executive management. They were able to imagine future scenarios and “think outside the box” of regular management and planning to solve potential problems. Wack was able to get management to react to his “what would you do if?” type of questions. What emerged were common solutions that came out of the divergent future scenarios. This allowed for Shell to prepare ahead of time for what might eventually come. And it did.

Shell famously prepared well for not one, but several crises. The oil embargo of the 1973 middle east crisis was the first. Their management team was prepared for this. All of their competitors were caught out, unprepared. And in turn, Shell thrived during those times of crisis and increased their market share and profitability.

OK, so how does this translate for us?

Three Scenarios for Discussion

1. China invades TaiwanThe US and its allies in the region hesitate militarily, and decide once again to extend its Russia-type sanctions against dollar trade with China and its allies. But it backfires as supply chains are even more disrupted than during COVID19. Further, it backfires as an Eastern block of nations coalesce with many OPEC nations, distancing themselves from the dollar and trading petro-yuan and petro-rubles instead. Israel finds itself having to develop relationships beyond the US for its financial, energy and economic security.

Reference: Chris Reed’s Taiwan Prophecy

Chuck Pierce’s Passover Prophecies and War of the Future Church (see Trade Wars writeup and podcast)

2. A new global financial crisis emerges and US banks close for a period of six months, when the banks reopen the government bails-in the banking system by renegotiating loans and haircutting deposits.

Reference: David Wilkerson’s “Bank Holiday” Prophecy also see Economic Update in Prophetic Context writeup and podcast

3. Inflation takes off again and the economy goes into recession. Many staples become scarce (famine). US Government receipts decline, so it has to borrow much more – well beyond its capacities to repay. The Fed tries to keep raising interest rates to tamp inflation, but now all sorts of unintended consequences arise. The government can no longer afford to pay its interest, and there is no political will to keep raising rates. So the Fed reverses course and prints money in a desperate attempt to revive the economy. All global credibility and trust in the dollar goes away. People panic and a run on the banks ensues. The existing USD effectively  starts to fail. As a result, FDIC deposits are frozen. Debts can no longer be paid with old dollars. After a brief time, a new CBDC (digital dollar) is introduced that the banks have been testing behind the scenes. Old dollars are no longer accepted for many things. If you want to use old dollars, you have to bring them in for destruction, and only then are you issued new digital currency at 100:1. But that dollar is now controlled by a central authority. You can only use your money to purchase approved items. Rations are also introduced. Paper money is gone instantly because in the crisis, Americans become desperate to try something, anything. Democrats and Republicans alike.

Reference: John Paul Jackson’s Stagflation followed by HyperInflation prophecies

Chris Reed’s $50 Bill Dream (also see Inflation Prophecies writeup and podcast)

Roundtable Discussion

– What happened?
– How did we get here?
– Future of Crypto?
– Implications for the Storehouse Vision
– Failure of Crypto’s “Bridge” and the “Ark”
– How greed undergirds and undermines crypto

By way of review… 

Crypto : https://newbreed.co/2020/09/01/crypto-currency/
Bitcoin : https://newbreed.co/2021/04/28/bitcoin/
Alternative Currency : https://newbreed.co/2021/05/12/alt-currency/
I’ve Come to Give P2 : https://newbreed.co/2021/08/07/currencies-with-doug-tjaden/
Currency Wars : https://newbreed.co/2022/03/16/currency-wars/
CBDCs : https://newbreed.co/2022/03/23/cdbcs/
Israel and Inflation : https://newbreed.co/2022/05/05/israel-and-inflation/

Quotes, Etc.

Crypto is “100% based on greater fool theory” – Bill Gates CNN Article

“FTX is the safest and easiest way to buy and sell crypto” – Tom Brady; FTX ad

What is Tulip Mania?

FTX Bankruptcy

Sam Bankman-Fried, founder of FTX

Articles

FTX Assets Stolen or Missing

FTX worse than Enron – WSJ article

Podcasts

FTX Collapse Explained – YouTube

How FTX Suddenly Imploded – WSJ Podcast

Everyday Crypto Investors Caught in FTX Implosion – NPR Podcast

Stable Coins not so stable

“Death Spiral” of stable coins – Spotify WSJ Podcast

Tether Slips from $1 Peg

Inside Crypto’s $45Bn Collapse with Terra Founder Do Kwon

Roundtable Discussion – Israel, Russia and Inflation Prep

(Part 3 in a series)
Inflation Prep – Part 1
Physical Prep – Part 2

We continue our discussion of inflation impact and preparation. Firstly spiritual preparation, then also natural preparation in heavenly wisdom. We also zoom back out and take a look at the macro geo-political picture again to understand the impact of foreign currency exchange, global trade, and supply lines which affect everything from cars to food.

Israel: The World’s Prophetic Clock

The Israel Factor

On that day, when all the nations of the earth are gathered against her, I will make Jerusalem an immovable rock for all the nations. All who try to move it will injure themselves.

Zechariah 12:3

Israel adds Chinese Yuan to Foreign Reserves Cutting US Dollars

Article on Israel’s ties to Russia and Ukraine, and choosing its own direction different from USA

Recall what Chuck Pierce talked about in Passover Prophecies that we needed to align with Israel to maintain global trade. This seems to be key. 

Note that Israel is moving closer to Russia and China. This is different from its historically close ally, The United States. Israel may see some of the “writing on the wall” with respect to the US losing its favored position of the world’s reserve currency and sole military superpower.

Russia, Russia

Since Russia invaded the Ukraine, the Western coalition of nations sanctioning Russia for its unprovoked actions touted the decline in the Ruble as evidence that sanctions were working. However, since then Russian has played its commodities card, which is to say that it is willing to back the Ruble with gold, and since their oil must be settled in Rubles now, their oil as well. So its now become a preview of a coming economic and currency “arms race” of commodity based/backed currencies vs. fiat currencies. The trouble with the US and the Euro, etc. is the level of the Western nation’s indebtedness cuts against the USD based world reserve currency status. So USD has gone up against other pure Western fiat currencies, such as the Euro, Pound Sterling, and the Yen, but has gone down against the Ruble. And the Chinese yuan was about the same as before, but with the recent Chinese CV19 lockdowns, it has declined slightly against the Dollar.

Ruble goes Gold

Death of Fiat Currencies and the rise of Commodity Currencies

The Storehouse – A Natural Inflation Hedge

Its important to understand that the Storehouse vision addresses the issue of inflation (even hyper inflation) and hedges against it using the concept of local currencies, backed by physical tangible goods, but importantly – the value of people working together in community – the power of unity of resources and workforce. When this is coupled with two factors/tools: Reshoring and Insourcing goods and services, as well as creative sourcing of goods and services across Storehouse networked communities, you have a functioning economy that can thrive in the face of these and other global economic troubles, famine, and scarcity. One Storehouse “Nation” Under God, if you will.

Alternative Currencies

Breakaway Bridges of the Storehouse Vision

Inflation Prep – Part II

Last week we focused mainly on spiritual preparation as the necessary foundation:

You many never know that Jesus is all you need, until Jesus is all you have

Corrie ten Boom

Man does not live by bread alone, but by every word that proceeds from the mouth of God

Deuteronomy 8:1

If we are thrown into the blazing furnace, the God we serve is able to deliver us … But even if He does not, we will not serve your gods or worship the image of gold you have set up

Daniel 3:17-18

There is no getting around these and other spiritual truths. No more than there is no effective strategy in the Lord in the absence of prayer. And sometimes that’s not only all we need, it is exactly what we need.

Do not be afraid. Stand firm and you will see the deliverance the Lord will bring you today

Exodus 14:13

Taking Action – Building and Warring

But do we stop at prayer? Of course not. We listen and obey and move out into whatever the Father is doing. Let’s listen to how David inquired of the Lord, heard the word and stepped out into battle, but in an unusual way:

Once more the Philistines came up and spread out in the Valley of Rephaim; so David inquired of the Lord, and he answered, “Do not go straight up, but circle around behind them and attack them in front of the poplar trees. As soon as you hear the sound of marching in the tops of the poplar trees, move quickly, because that will mean the Lord has gone out in front of you to strike the Philistine army.” So David did as the Lord commanded him, and he struck down the Philistines all the way from Gibeon to Gezer

2 Samuel 5:22-25

We don’t prepare out of fear, we prepare out of listening and obeying by FAITH

Faith comes by hearing, and hearing by the Word of the Lord

Romans 10:17

Faith without deeds is dead

James 2:17

Faith into Action

  • Noah built an Ark over 120 years
  • Joseph built Storehouses and collected grain throughout Egypt for seven years, then masterfully administered their release over the next 7 years.
  • Joshua took the promised land by warfare
  • David conquered the Jebusites to take Jerusalem
  • Moses confronted Pharaoh
  • Nehemiah rebuilt the wall
  • Zerubbabel rebuilt the Temple

Local Community / Currency / Banking / Agricultural Prep

Berkshire Farm Preserve Note.png
Berkshire Farm Preserve Note
Miraculous sized carrots in Guatemala – the size of arms!!
Great Barrington Deli Dollars

Interesting Article on the death of fiat currency and the rise of commodity currencies: https://www.zerohedge.com/geopolitical/commodity-currency-revolution-begins

Ruble goes Gold: https://seekingalpha.com/article/4498704-russias-3-step-program-to-put-the-ruble-on-a-gold-standard

Breakaway Bridges of the Storehouse Vision