Jim Rickards Sep 30th Prediction & 57 Nations to Destroy U.S. Dollar Dominance?
Plot to destroy US dollar for September 30, 2016? Or is it ‘Will history record September 4th, 2016 as the day the dollar died?’
August 16, 2016
The Day The Dollar Died, Part IIThe reason the dollar is the world’s leading reserve currency is because there’s a very large liquid dollar-denominated bond market. Investors can go buy 30-day 10-year, 30-year Treasury notes, etc. The point is, there’s a deep, liquid dollar-denominated bond market to invest in that creates a lock-in effect. There is currently no equivalent bond market in SDRs. It will need to create one before SDRs can be considered a global reserve currency.Well, last July, the IMF published a technical paper introducing the concept of a private SDR market… In the IMF’s vision, private companies and corporations can issue bonds denominated in SDRs. …Yesterday I said September 4, 2016 could well go down as the day the dollar died. Why did I pick that date instead of September 30, the official date when the yuan is included in the IMF’s basket of currencies?Because September 4 is when the leaders of the world’s larger economies will gather in Hangzhou, China for the G20 annual summit. This will be China’s coming-out party. This is China saying, “We are an equal partner, maybe more than the equal partner of the United States of America and Europe. They will no longer dictate the world’s financial system.” http://dailyreckoning.com/day-dollar-died-part-ii/August 15, 2015
The Day The Dollar Died Part IWill history record September 4th, 2016 as the day the dollar died? Before continuing, let me make it clear that you aren’t going to wake up on September 5th to find anything noticeably different…The dollar won’t lose its reserve currency status overnight. It won’t be instantaneously inflated into worthless piece of currency, and we aren’t going to see immediate 90% hyperinflation. None of these things are going to happen.What I mean is that in the not-too-distant future, maybe five years, maybe three years, maybe less, we’ll look back and say, “That was the date when everything changed. That was the turning point for the dollar and we didn’t see it at the time.” But those who know what to look for will understand the significance of that date.It all has to do with the International Monetary Fund (IMF) and something called the Special Drawing Right, or SDR for short. … The dollar replaced sterling over a 30-year process. Now we’re looking at the process of replacing the dollar with SDRs. And it could start September 4th. http://dailyreckoning.com/day-dollar-died/
Stop whatever you’re doing and get a pen.Now go to your calendar and circle the following date…Why?Before I explain, let me introduce myself.My name is Jim Rickards and I’m an economist and best-selling author. …This time, and on top of every other pressure our cash already has to face, there’s an exact deadline on the calendar . In a nutshell, it’s an event scheduled for Friday, September 30th.By my best estimate, what’s coming will go down around 4 pm.And when it does, you’ve got no idea yet how radically this could end up impacting your financial safety.Not only could this event gut the U.S. stock market… and cannibalize your retirement savings… but it could ultimately END what we’ve come to know as the American way of life. …If I’m right, everything around you could change.And I’m certain I’m right.In short, there is a new form of currency that’s about to flood the world economy. It’s not money for you. You’ll never get to withdraw it from an ATM, even if you travel overseas.This new form of money is strictly created for the financial elite.We call it “world money” because of what it could ultimately do — and soon — which is replace U.S. dollar reserves around the world.That’s right — this is as close to the end of “king dollar” as we’ve ever come.Now, what does that mean exactly? After all, what do you care if the people in Asia, Europe or the Middle East suddenly decide the dollar no longer gets #1 status around the world?As you’ll see, it means losing quite a lot.And I’m not just talking about how you’ll pay a lot more for hotel rooms in Paris or London… or how you’d better get used to forking over $6 for a coffee on the Champs-Élysées.Losing our #1 status means giving up a whole slew of benefits you never knew you had. …Let’s be clear, on October 1st you’ll wake up just like any other day.Traffic lights will still flash. Grocery stores will still take your money. Your ATM card will still work. Maybe you’ll notice a tick upward in the price of milk. But no big deal.By the end of the week, maybe you’ll see the same happen at the gas station.Everything will cost more to pick, ship or stock. So, soon, you’ll pay a little extra for apples at the fruit stand. At the coffee shop, they’ll tack another quarter on the price of a latte.Online prices will go up when you buy anything tech, because all that’s imported. And it costs more to get it out for delivery. On Wall Street, all kinds of ledgers will start to ooze red.The multi-nationals will get hit first.And that’s where the crisis will accelerate…As dollars lose clout, paying an overseas workforce will lose luster. Sweetheart import deals will dry up. So will international tax treaties. Until “cheap” goods no longer exist for Americans. …As I said, right now there is no official way for you to own “world money” before it gets released on September 30th. As it stands right now, this new cash is ONLY for the financial elite. …As of September 30, you could see hundreds of billions of wealth start changing hands. It could begin overnight. http://pro.agorafinancial.com/AWN_dollarreset_0716/LAWNS822/?h=true
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies. The value of the SDR is currently based on a basket of four major currencies: the U.S. dollar, euro, the Japanese yen, and pound sterling. The basket will be expanded to include the Chinese renminbi (RMB) as the fifth currency, effective October 1, 2016.
The role of the SDRThe SDR was created by the IMF in 1969 as a supplementary international reserve asset, in the context of the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase its domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial flows that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.Only a few years after the creation of the SDR, the Bretton Woods system collapsed and the major currencies shifted to floating exchange rate regimes. Subsequently, the growth in international capital markets facilitated borrowing by creditworthy governments and many countries accumulated significant amounts of international reserves. These developments lessened the reliance on the SDR as a global reserve asset. However, more recently, the 2009 SDR allocations totaling SDR 182.6 billion played a critical role in providing liquidity to the global economic system and supplementing member countries’ official reserves amid the global financial crisis.The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations. http://www.imf.org/external/np/exr/facts/sdr.htmIn the most recently concluded review (November 2015), the Executive Board decided that, effective October 1, 2016, the Chinese renminbi (RMB) will be included in the SDR basket as a fifth currency, along with the U.S. dollar, euro, Japanese yen and pound sterling. …The following weights based on the new formula will be used to determine the amounts of each of the five currencies in the new SDR basket that will take effect on October 1, 2016:
- U.S. dollar 41.73 percent (compared with 41.9 percent at the 2010 Review)
- Euro 30.93 percent (compared with 37.4 percent at the 2010 Review)
- Chinese renminbi 10.92 percent
- Japanese yen 8.33 percent (compared with 9.4 percent at the 2010 Review)
- Pound sterling 8.09 percent (compared with 11.3 percent at the 2010 Review)The amounts of each currency in the revised basket will be calculated on September 30, 2016, in accordance with the above-listed weights. The calculation will be made on the basis of the average exchange rates for these currencies over the three months ending on that date, in a manner that ensures that the value of the SDR in terms of the U.S. dollar will be the same on September 30, 2016 under the current and revised valuation baskets. The IMF will publish illustrative currency amounts in the weeks leading up to October 1, 2016.Until the effectiveness of the new SDR basket on October 1, 2016, the SDR basket and valuation will continue to comprise four currencies (U.S. dollar, euro, Japanese yen and pound sterling) and the amounts of these currencies in the basket will continue to be based on their respective weights at the time of the 2010 Review as indicated in the text table above. https://www.imf.org/external/np/exr/facts/sdrcb.htm
There is nothing — absolutely nothing — that Washington can do to stave off the financial bloodshed that will be unleashed on millions of Americans as the dollar is dethroned.For the unprepared, investment accounts will suffer as the stock market plummets 60% (or more), streets will be littered with foreclosed signs as millions are evicted from their once-cherished homes that were suddenly stripped of 50% of their value, millions more will be decimated as unemployment triples, while those on the sidelines, who think they are out of harm’s way, will be shocked as their life savings are vaporized by as much as 80%.In over 30 years as an economist, I’ve predicted some of the biggest economic and geopolitical events in our lifetime, but I’ve never been more confident — than I am now — about what’s to come.Remember, in 1987, I was one of the first to sound the alarm that the Soviet Union was about to collapse … in 1989, I predicted the Japanese depression that struck just one year later … I predicted the dot-com crash in 1999 … and I predicted the subprime mortgage crises, along with the collapse of the real estate market, years in advance.Washington, Wall Street and most of America have ignored my dire warnings; to do it again would be a very dangerous risk to take.And while America’s day of reckoning is unavoidable, there are practical ways to prepare — at this very moment — so that you can stay safe, and even prosper.
The dollar’s day of reckoning is here.America’s day of reckoning is here.All this 57-nation alliance has to do is complete phase IV of their plan…
Phase IV: Trigger the Dollar
CollapsePhase IV is to pull the trigger on the dollar collapse.And they will do this by selling it in droves. …Now, as this 57-nation alliance dumps the dollar, the greenback will start to collapse.And fast.The Federal Reserve knows this.Which is why they are going in and buying their own debt. Just take a look at this chart. Our own Federal Reserve now holds more of its own debt than any other time in history. Nobody else will buy it. So they have to go in and buy it.
2 Then the Lord answered me and said:“Write the vision
And make it plain on tablets,
That he may run who reads it.
3 For the vision is yet for an appointed time;
But at the end it will speak, and it will not lie. (Habakkuk 2:2-3)
6 “Will not all these take up a proverb against him,
And a taunting riddle against him, and say,
‘Woe to him who increases
What is not his — how long?
And to him who loads himself with many pledges’?
7 Will not your creditors rise up suddenly?
Will they not awaken who oppress you?
And you will become their booty.
8 Because you have plundered many nations,
All the remnant of the people shall plunder you (Habakkuk 2:6-8)
One day … maybe in a week from now, maybe in a few months from now … the full force of the financial hurricane will hit our shores.You will wake up to the reality that the dollar is no longer the “world reserve currency.”A white paper distributed by Project Censored describes what that world will look like:The impact on daily living for the U.S. population could be severe. In addition to increased costs, states and cities will see their pension funds drained. The government will be forced to sell off infrastructure, including roads and transport, to private corporations. People will be increasingly charged for privatized utilities that were once regulated and subsidized. Commercial and private real estate will be worth less than half its current value. The negative equity that already plagues 25 percent of American homes will expand to include nearly all property owners. It will be difficult to borrow and impossible to sell real estate unless we accept massive losses. There will be block after block of empty stores and boarded-up houses. Foreclosures will be epidemic. There will be long lines at soup kitchens and many, many homeless.Extreme?Hardly. …Day of Reckoning Fallout No. 1: The Collapse of the DollarThe dollar will collapse, almost overnight. …Day of Reckoning Fallout No. 2: Prices of Everything You Buy Will DoubleSecondly, the price of everything we buy will double.And not just because “when the dollar goes down, prices of every day goods go up.”That is just the start. …Day of Reckoning Fallout No. 3: Unemployment TriplesRight now the unemployment situation doesn’t look too bad. But once the dollar is no longer the “world reserve currency,” that financial sector will be blindsided. And while you might not be in that industry, those people make billions of dollars that they use to buy stuff — houses, cars, gadgets and more. My point is, there will be a ripple effect. I expect unemployment to triple.Day of Reckoning Fallout No. 4: End of Social SecurityWithout the ability to print money, the 161 million Americans who have some form of government benefits will get hit hard. …Day of Reckoning Fallout No. 5: Taxes Will DoubleTax breaks will be wiped off the books as Washington tries to stave off the carnage. This chart reflects how much money the U.S. government is collecting per year. It’s gone up nearly 50% in the last 5 years alone. Expect your overall taxes to increase from 30% to 40% to 50% and higher.Day of Reckoning Fallout No. 6: Real Estate Will Plummet Home prices are going to fall by 50% in the next few years. …Day of Reckoning Fallout No. 7: Stocks will Collapse by 60% (or More)
Your Survival Plan …It’s called The Day of Reckoning Survival Plan. …When this next crisis hits, gold will again go up 300%, before going up even higher. …I’m not the only one who believes this. In fact, in preparation for what’s to come, China secretly bought 604 TONS of gold since 2009, second only to … you guessed it, Russia.
Since many are now questioning the role of the U.S. dollar as the world’s reserve currency, more are looking into other currencies as well as gold. Gold will set records in U.S. dollar terms. When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer. The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar. Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied. (Thiel B. Hillary Clinton, Prophecy, and the Destruction of the United States, 2nd edition: Is Hillary Clinton Fulfilling Biblical, Islamic Catholic, Hopi, and other America-Related Prophecies? What About Donald Trump? . Nazarene Books, 2015, p. 161)
While it may be America’s day of reckoning, it won’t be your day of reckoning. …At this very moment, more countries are swearing allegiance to this 57-nation alliance … 27 are expected to make it official this year.They already control the majority of the world’s economic power … soon, it will be 70% … then 80%.They will dominate the money!They will dominate the world!The hurricane is already heading to our shores. Make sure your house isn’t on a sandy beach, but rather built high upon a rock.You have to prepare, and you have to prepare today!
23 And after the league is made with him he shall act deceitfully, for he shall come up and become strong with a small number of people. 24 He shall enter peaceably, even into the richest places of the province; and he shall do what his fathers have not done, nor his forefathers: he shall disperse among them the plunder, spoil, and riches; and he shall devise his plans against the strongholds, but only for a time. (Daniel 11:23-24)
39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain. (Daniel 11:39)
1 How lonely sits the city
That was full of people!
How like a widow is she,
Who was great among the nations!
The princess among the provinces
Has become a slave!2 She weeps bitterly in the night,
Her tears are on her cheeks;
Among all her lovers
She has none to comfort her.
All her friends have dealt treacherously with her;
They have become her enemies. (Lamentations 1:1-2)
Preparing for the ‘Short Work’ and The Famine of the Word What is the ‘short work’ of Romans 9:28? Who is preparing for it? Here is a link to a related video sermon titled: The Short Work.
The Final Phase of the Work What is the final phase of the work? Who will lead it? Do you have the courage to support it? Here is a related YouTube video titled The Final Phase of the Work. The written article has been translated into Spanish La Fase Final de la Obra.
Should a Christian Vote? This article gives some of the Biblical rationale on this subject. Would Jesus vote for president/prime minister? Is voting in the Bible? This is a subject Christians need to understand. A video of related interest is available titled: Should Christians Vote?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled:Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video:Military Technology and the Beast of Revelation.
When Will the Great Tribulation Begin? 2016, 2017, or 2018? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation Start in 2016?
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the COG views this, and compares this to Ellen White. Here is a link to a prophetic video Six Financial Steps Leading to 666?
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2024 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
The Snowden Leaks are Leading to the Destruction of the USA Can what happened with the leaks of what the NSA has done help the USA to be taken over? What does the Bible teach that seems to be related to this? Here is a related YouTube video titled Are the Snowden NSA leaks leading to the destruction of the USA?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article:Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Did The Early Church Teach Millenarianism? Was the millennium (sometimes called chiliasm) taught by early Christians? Who condemned it? Will Jesus literally reign for 1000 years on the earth? Is this time near? A related sermon is titled The Millennium.
Hillary Clinton, Prophecy, and the Destruction of the United StatesThis is a 200 page book for people truly interested in prophecies related to Hillary Clinton and the United States, including learning about many that have already been fulfilled and those that will be fulfilled in the future. It also discusses Republicans. The physical book can be purchased at Amazon from the following link: Hillary Clinton, Prophecy, and the Destruction of the United States, 2nd edition: Is Hillary Clinton Fulfilling Biblical, Islamic Catholic, Hopi, and other America-Related Prophecies? What About Donald Trump? $11.99.
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon 2nd Kindle edition This electronic version of the 200 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon 2nd Kindle edition.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s FreeReader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.
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