-a synopsis of The Hal Lindsey Report which aired Nov. 12, 2010
[QE2 is] the program the Federal Reserve Board announced the day after the mid-term elections in which the Fed intends to print up between $600 billion and $1 trillion to buy US Treasury bills over the next 6 months. In short, the Fed is going to create money out of nothing to buy our own debt that nobody else wants. You know, a little like you paying off your mortgage with your American Express card. Experts predict that this lunacy will further devalue the US dollar by as much as 20%.
The Germans are especially angry. And with cause. They still remember the experience of the Weimar Republic. After World War One, the Germans tried to pay off their debts by simply printing more paper money. In 1914, 100,000 Marks meant a comfortable retirement. By 1919 — just five years later — it wouldn’t buy a loaf of bread. It reminds me of the song Larry Norman recorded back in 1970. It was called, “I Wish We’d All Been Ready.” It described the conditions that would occur in the days just before the Rapture and afterward. One line says, “Children died, the days grew cold, a piece of bread would buy a bag of gold. I wish we’d all been ready.”
Is that what we’re facing soon?
I believe the answer to that question is “Yes!” Even just a few short years ago, the prospect of the United States of America facing total financial collapse was laughable. Today, it’s not only a possibility, it’s a probability. In fact, John Allison IV, the former CEO of BB&T, the nation’s tenth largest bank, says it is “a mathematical certainty.” In fact, I believe it’s possible that the current administration is trying to force this collapse so that our nation can be merged into a new global order. I’ve discussed that extensively on past programs. No matter what the reason, though, it’s coming. And probably coming sooner rather than later.