It wasn’t until the beginning of the 6th season of Game of Thrones that I decided to capitulate and join the throng of followers of the popular HBO series. It only took one episode before I joined the rank of fans of the show. Yes, there are parts of the show where you need to turn the channel but let me highlight a key takeaway for your consideration.
In the show, there is a military order that guards the northern wall of the 7 Kingdoms from the dangers and threats beyond the perimeter. This order is known as the Night’s Watch. The dangers the Watch defend against are known by everyone and their history tells of death and destruction from the threats beyond the wall. Never-the-less, since the people have lived in peace and prosperity for many years they disregard the danger, they ignore the threat and even doubt the need for protection. Summertime represents this peace and prosperity. Winter represents the danger and threat they have not had to deal with for many years.
As the show progresses there is a familiar saying that becomes a rallying call to the danger and death from beyond the wall that some have encountered first hand. Everyone in the land understands the words, but few KNOW and have SEEN what lies behind the admonition, “Winter is coming.” May I propose to you that in the world of money, currencies and finances, winter IS coming.
We live in a world that is at war with and for money. Those are the words of the Pope of the Catholic Church. Currency wars are the subject of multiple bestselling books and describe the actions many nations take on a daily basis. A currency war describes the readjustment by sovereign nations to effect trade and the value of their currencies. The value of a currency determines how much you can buy from people in countries with different currencies. Think of the fluctuation in the value of your dollar when you travel abroad.
China is issuing a new currency instrument next month known as the SDR. The SDR has been around for more than 45 years but is just now becoming a common, accepted world currency and instrument for companies and countries to use and issue. This new currency represents a basket of other currencies and will be used to alleviate the debts of IMF member nations and relieve their balance sheets. Some may say this is just a natural evolution of money, but keep your eyes and ears open to the real changes and evolution.
When central banks. central planners, the IMF, the BIS, the Federal Reserve and other bodies that issue and control the flow of currencies experiment with policies to effect inflation, growth or the lack of it, KNOW that change is in the air. Digital currencies, new currencies and the talk of World Currencies replacing the current supply of dollars, euros and renminbi are the red flags to take notice. When 30% of global government debt carries a negative yield, and interest rates are at historic lows, pay attention to what those on the wall are warning.
We are witnessing the greatest experiment in monetary policy in the history of the world. It is impossible for anyone to predict the outcome. Centralizing currencies and bringing money into one storehouse and clearing organization is being touted as planning to defeat deflation and the lack of growth in world economies. Today it is deflation, tomorrow it will be inflation. One thing is constant, the actions we see are for control of money.
Jesus taught money was a master that vied for control of the heart. He taught that what you do with money reveals your heart. If we are witnessing an experiment to manipulate and control money, what does this tell us is at the heart of this issue? If controlling money can direct and control economies and people make up an economy, what does it tell us about those plans? What does it tell us about our future?
Regardless of whether you see it or not. Regardless of whether you believe it or not….Winter IS coming.