Latest Posts
View the latest posts in an easy-to-read list format, with filtering options.
View the latest posts in an easy-to-read list format, with filtering options.
Multi-part posts on a particular topic, grouped together in "series" pages.
Look through our blog archive by year / month, or in a massive title list.
11/23/2024 - Russia’s hypersonic missile attack on Dnipro two days ago was originally reported to be from... Read More
11/22/2024 - Yesterday the new Prophetic Year began. It began later than usual. Normally, it begins within the... Read More
11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
Read over 100 books written by Dr. Jones, available to read for free online. Several of the books have also been translated into different languages, and are also available to read for free. The only time you pay is when you purchase a physical version of a book.
View Full Book List
Read a variety of tracts that condense a topic into a short, single page format. These tracts can be read for free online, or physical copies can be purchased in bundles. If you are subscribed to the FFI Newsletter, you will receive new tracts when they are released.
View Full Tract ListThe "world currency" is fast becoming only a regional currency. The dollar has been used since 1944 to make payments between countries in world trade, and with each transaction, the Fed gets a percentage. Essentially, this is a world tax on trade, and it costs businesses a lot of money. But in more recent years, China has been setting up its own competing system, whereby they can trade directly with other countries without going through the Fed. In other words, they bypass the dollar.
The latest country to announce direct currency exchanges with China is Australia. The announcement came on Friday, April 5.
http://www.reuters.com/article/2013/04/03/china-yuan-australia-idUSB9E8LG01N20130403
(Reuters) - China and Australia will launch direct trading between the two currencies in Shanghai and Sydney within weeks to lower trade transaction costs, a foreign bank source with direct knowledge of the matter told Reuters on Wednesday.
The new currency deal will eliminate the spread between U.S. dollars and Australian dollars from the cost of converting between the yuan and the Aussie dollar.
Direct trading will begin soon after the announcements and no later than the first half of this year, the foreign bank source said.
"Considering heavy flows of mining transactions between China and Australia, the launch of direct Australian dollar-yuan trading will be significant move to reduct costs of both sides of mining trade...."
"For China alone, it will also be a major step towards regionalising and eventually internationalising the yuan by making the yuan direct tradable with major global currencies," the banking source said.
Each time a country reduces its dependency on the dollar in international trade, demand for the US dollar drops accordingly. This tends to weaken the dollar's value. China is moving toward the place where its yuan will replace the dollar as the world currency.
In terms of banking wars and currency wars, each time another country announces a currency exchange with China, it means that China has taken more territory on the battlefield. This kind of agreement is the financial equivalent to an army taking another hill on the battlefield. Babylon is losing territory little by little. Those who understand how this works will be able to take steps to profit by it. Those who decide to stick with the dollar will eventually man the life boats or go down with the ship.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
