The Coming Collapse of the US Dollar

Can we do תפילות prayers for:

Eddie Chumney and his ministry?

That also through them The האור Light, רפואה The Healing and The ואהבה Love of ישועת יהוה Yeshuath YHWH may come back to הארץ The Land of Israel?

Eddie Chumney shares with an audience on 1/29/11 in Portland, OR

 On January 29, 2011, Eddie Chumney was the featured guest speaker to a crowd in Portland, Oregon. In Session one, he spoke on the topic, “The Coming Economic Collapse of the US Dollar”.  He  took the audience through some basic math/budget facts regarding the US budget:

*Federal debt is now at 14 trillion dollars (see US national debt clock)
*The federal debt has grown by 3  trillion in just the last three years
*The spending budget of the US is 4 trillion/year
*We collect about 2.5 trillion in revenues/taxes
*That is 4 trillion (expenses) – 2.5 trillion (income)= 1.5 trillion dollar shortfall every year

Who are the top ten holders of US debt?

*25% of US debt is held by foreigners
*China is the biggest holder, and owns about 7% of US debt

Who is the #1 holder of US debt?

The Federal Reserve; they hold about 40% of US debt, (5.6 trillion)
How is the US Federal Reserve financing the debt?  They print more money.  QE2 was implemented on November 3, 2010; this was a decision made by the Federal Reserve to print 600 billion dollars and use these printed dollars to buy (and sell) US Treasury bonds.

Conclusion: We are rapidly reaching the point of no return. What do these numbers mean, how will it affect our lives and what can we do to prepare?

Eddie then shared a testimony regarding Pastor Lindsey Williams who was the chaplain to Alaska pipeline workers/executives in the 1970’s. He would attend some of the oil executive meetings, and he learned very quickly that whatever was decided in the meeting that is what happened in real life.

He reconnected with one of his oil executive friends in summer of 2008 and became friendly with him. Over the next two years that stayed in contact. His friend told him that the dollar crash was originally scheduled for summer 2009 but  the timeline for this event was extended due to the Federal bailout package.

Then in late October of 2010, this oil executive friend of Lindsey Williams told him that in the next 6-9 months we could expect to see:

*the price of oil going up to $150-200/barrel
*$5.00 per gallon price for gas at the pump
*by end of 2012, the dollar would be dead

Lindsey spoke with his oil executive friend again in late November 2010, and his friend (Mr. X) told him:

“There will be a Middle East crisis within 3-5 months. They want a crisis in the Middle East for 2011.”   In light of what is now happening in the Middle East, these predictions that were shared with Lindsey Williams have come to pass with chilling clarity.  

Of course, Lindsey was not allowed to reveal who his confidential source was (“Mr. X”).  These facts are coming from secular sources, from the inner circle of those of control the economy and the government.

This oil executive very recently passed away.  Lindsey then revealed his “Mr. X” source’s name: Kenneth Fromm , a former Atlantic Richfield oil executive.

Then, another piece of the puzzle came into the light concerning plans that are unfolding by the global elite.  On January 14, 2011, Rick Wiles aired a show on Trunews.com that brought together three individuals who were all hearing similar information from global elite insiders about world economic changes coming very soon. He brought all three individuals together for the January 14th broadcast and they shared what they knew.  The guests were: Nathan Leal (of Watchman’s Cry), Augusto Perez and an anonymous source “P.S.”

Highpoints of their discussion: 

*Dollar will be crashing in 2011
*Global currency is coming
*New World Order plan is in motion
*In the last 18 months, work has been done with multiple nations to establish a world currency
*The Euro will collapse first, then 2-3 weeks later, the dollar will collapse
*Sign that this plan is on course: watch the price of gas at the pump; when it goes up, you will know that the plan is on course

Listen to the Trunews broadcast (1/14/11 broadcast, 60 minutes)

Listen to Eddie Chumney’s Five Minute Update (1/29/11 broadcast; contains excerpts from the Trunews broadcast)

Eddie’s comment: “If these things are being said, we need evidence that it is possible.”

The US produces goods/services of about 14 trillion/year.  The national debt is 14 trillion. That is a one to one ratio.

Is it possible that what is being said could happen?  Yes it is. Greece/Ireland were a little bit below the US in their goods/services to debt ratio. Europe and Japan could collapse under debt. This would trigger a dominoes effect, and, this “manipulated” crisis would be just the thing needed to transition us from the old monetary system to the “New World Order” (from paper currency to a global currency).

Putting it all together: Knowing this, what shall we do?

Those who should be prepared are those who are following Torah, and who understand that Yahweh is in the process of gathering and uniting the 12 tribes of Israel.
*Prepare spiritually: be solid in knowing and understanding Torah, and that it is being written upon our hearts

The entire teaching included:
Session One: “The Coming Collapse of the US Dollar”
Session Two: "Understanding the Greater Exodus"
Session Three: "Let us Go up to Zion"

DVDs of these sessions can be ordered by contacting Carroll J Productions, carroll.gleason@gmail.com  ($12.00 for each DVD or 30.00 for all three)