TITANIC BATTLE LOOMING: CONGRESS VS. THE FEDERAL RESERVE BOARD

The US media mostly ignores the really important thing that are happening in the nation and world. Thankfully, FOX News has reported on a story that indicates a titanic battle may be about to unfold within the US governmental and political elites re: the control of the USA’s future. This battle will be waged in the economic/monetary/political sphere and it could signal that the downfall of Babylon the Great (prophesied in Revelation 17-18) may be nearing.

As readers likely realize, Congress has long abdicated its Constitutional authority over the Executive branch and the nation’s monetary matters. Although the Constitution gives Congress the power of the purse and control of the nation’s money matters, the US Treasury and the Federal Reserve Board have been usurping Congressional powers on a grand scale, creating trillions of phantom dollars from a monetary “black hole” to bail-out the reckless, insider institutions of Wall Street who created the current global economic traumas with bizarre “securitized” instruments. President Obama’s relentless federal takeovers of the nation’s banks and car companies and his efforts to seize control of the nation’s health care system have created a tremendous backlash among the American people. Congress has finally noticed not only because their seats of power are increasingly jeopardized by Obama’s policies, but also because their congressional powers are all close to being eliminated.

In an unprecedented move, powerful Committee Chairman Barney Frank, a leading Democrat in Congress, has endorsed the effort in the House to do a “complete audit” of the Federal Reserve Board and he further announced that he has been “working with [Rep. Ron] Paul, a Texas Republican on the bill and expects it to pass as part of a broader regulatory overhaul in Congress” (see first link below). This bipartisan spirit between Democrats and Republicans is unprecedented, and it may have been triggered by the overly-bold power-play of the Federal Reserve Board to grab all power over the US economy, and, thereby, removing from Congress its Constitutional powers over the nation. Congress appears to be waking up to the Federal Reserve Board’s attack on Congressional prerogatives and is starting to fight back.

Since Obama has announce that he will re-appoint Bernanke to the Chairmanship of the Federal Reserve Board, this puts Obama (at least for the time being) on the side of the Federal Reserve and against the Congress of the United States. The Federal Reserve is also fighting back against the US Congress’s efforts to audit the Fed and hold it accountable for its actions. The second and third links below, sent by reader, Gayla, analyze the Fed’s arguments that it needs secrecy in order to handle the nation’s financial matters. I can’t help but observe that the Fed’s ”secrecy” to date allowed reckless Wall Street institutions to almost collapse the global economy and have put the USA into historic debt levels that everyone knows can never be paid off. The possibility of “bank panics” is raised as a consequence of auditing the Fed. That argument once silenced all critics in Congress, but it is no longer working. The second link below cites Senator Bernie Sanders of Vermont saying “what has the Fed got to hide?” The answer? Probably a great deal! The second and third links also report that the Federal Reserve Board has lost a battle in the Judicial branch to keep its activities secret and concealed from any public scrutiny.

The current global monetary/economic/commercial system is called “Babylon the Great” in Revelation 17-18, and the beating heart of this system is the interlocking (and very secretive) system of central banks around the world. Revelation 17:9-18 prophesy this global system will take a very hard fall in the latter days and be replaced by what the Bible calls a global “beast” system. It prophesies a war will occur between the current system of Babylon the Great and a global alliance of “seven heads and ten horns” (nations, political bodies, Sovereign Wealth Funds?, etc.). The stakes will be control of the global economy. The Bible prophesies Babylon the Great’s system will lose this war, but it will go down hard, you can be sure. When it falls, it could create a period of great instability in all nations and economies. Eventually (and the Bible does not say how long this interim period will last), a global “beast” system will emerge and a new one-world currency can be expected (Revelation 13:17). If you want more in-depth information about the origins of our modern “Babylon the Great” system, read my article “What Kind of Captivity,” available at the articles link at this website.

Christians and everyone else may be surprised by the outcome of the titanic battle that will be waged in the world between the Central Banks and their allies and the nations and political institutions which are “sick and tired” of being manipulated by Babylon the Great’s system. Devout Christians may be the most surprised of all. Christians have heard so many prophesies of “gloom and doom” persecutions at the hands of the beast system that they scarcely are prepared for any other outcome. The initial period of the beast’s reign may be so benign that many Christians will embrace it. Jesus Christ Himself warned that this would be the case! In Matthew 24:24, Jesus/Yahshua warned that the end-time deceptions would become so powerful that “if it were possible, they shall deceive the very elect.” Expect some notable “Christian” leaders to be part of the beast’s system! This must almost surely happen in order for even the ”very elect” to almost be deceived into thinking the beast system is ”from God.” Be sure you have a close relationship with the Creator to see through the deceptions of the end-time, and be prepared for surprising and momentous events in the years ahead of us!

http://www.foxnews.com/politics/2009/08/30/frank-says-house-likely-...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAOhgVw78e3U

http://business.theatlantic.com/2009/08/the_problem_with_federal_re...

http://stevenmcollins.com/WordPress/?p=643

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