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I am a Christian woman who loves her family and tries to live with a purpose. "I can do all things though Christ who strengthens me" Philippians 4:13

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Wednesday, August 19, 2015

NOW IS THE TIME

Last week was to say the least, a very interesting week for the US and the world.  Secretary of State John Kerry said if Congress did not approve the Iran Deal the US dollar could lose its standing as the World Reserve Currency.  That very same day China did something unthought-of.  They devalued their own currency.  Only by five % but...  This increased our trade deficit without anything having been done by the US.

 For the past few years China, Russia and others have actively been working to remove the dollar as the World Reserve Currency.  This move China has made is in fact moving that plan along.  By devaluing their currency they will force other countries to do the same or incur higher trade deficits as well.  This then could lead to hyper-inflations and a world wide recession at best.  More likely a world wide depression. Putting them in a good position to have their currency as the new World Reserve Currency.

This is a very simplistic explanation.  Please take the time to research this further.

Now why am I telling you this?  Well as I have said in the past, we are and will be going through some hard times.  Now is the time we need to hone the skills of the past in order to make our way to the other side of this or any other crisis that may come our way.  If you are not debt-free please work a plan to get that way.  If your pantry is empty, please stock it as best as you can.  Remember buy one get one free is a good way to start.  If you think times are hard now, think what they will be like in a world wide depression.

As always, have a Safe and Blessed day.

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