Financial Times: “The $85bn a month in QE3 is fuelling a “reach for yield” that is driving a mini equity boom. And America’s wealthiest 10 per cent are its main beneficiaries. But they ignore the big picture. Without the Fed’s easy money, the stock market would be languishing and unemployment would be rising. Instead of “helicopter Ben” dropping reserves from the sky it would be “lawnmower Ben” shredding the green shoots of the recovery.”
Opinion: The debasement of the US dollar, the world’s reserve currency, may be the catalyst to lead the world into an even larger economic meltdown ushering in the Rider on the Black Horse.
The danger here is that when a government creates money it devalues existing dollars, causing its citizens to use more and more money to buy the same goods and services. It is inflation and it can happen suddenly.
It can also quickly get out of control causing the proverbial ‘wheelbarrow full of money to buy a loaf of bread’ scenario. And that is precisely what Revelation 6:5-6, the Rider on the Black Horse says will happen during the 7 year tribulation period.
“So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius (1 day’s food); and do not harm the oil and the wine” (the wealthy scarcely feel the pinch).