This forecast was reported in the Chinese paper Xinhua News. The paper recently reported:
There is a solid foundation for a stable and improving Chinese economy throughout the year of 2024, an official with the country’s top economic planner said.
With the further implementation of a series of major reform policies and initiatives, we will continue to strengthen the real economy, promote consumption, expand investment and stabilize foreign trade.
said Li Hui, an official with the National Development and Reform Commission (NDRC).
During a roundtable on China’s economic performance in the first quarter (Q1), Li cited favorable conditions over the next three quarters, including opportunities for industrial upgrading brought about by the development of new quality productive forces and further deepening of reform and opening up.
Li also said policies and preparations would be put in place to deal with domestic and international risks and challenges.
In Q1, from a macro perspective, the overall economic operation has continued to show a trend of recovery and improvement, Li said, noting that in Q1 economic and social development achieved a stable start.
China’s gross domestic product (GDP) grew 5.3 percent year on year to 29.63 trillion yuan (about 4.17 trillion U.S. dollars) in the first three months of 2024, data from the National Bureau of Statistics showed.
The pace accelerated from the 5.2-percent overall GDP growth for 2023 and the 5.2-percent GDP growth recorded in the fourth quarter of last year.
Earlier this year, a Russian ensign for BRICS had indicated that one of its top priorities this year was to further undermine and dethrone the dollar.
In line with the decision of the BRICS leaders in Johannesburg, we will explore ways to make greater use of national and local currencies and payment instruments in our cross-border transactions in order to reduce the negative side effects of the current global economic system.
Sergey Ryabkov, Russia’s Sherpa for BRICS, said
SEE: Rumors Still Persist That BRICS Might Back Their Currency With Gold, But Will They?
AUTHOR COMMENTARY
Proverbs 22:16 He that oppresseth the poor to increase his riches, and he that giveth to the rich, shall surely come to want.
The US dollar hegemony is on borrowed time, and those who are paying attention and those who are “in the know,” know this. The world is rapidly decoupling from the dollar, and when, not if, but when this happens the country will collapse overnight, and hyperinflation comparable to the Weimer Republic post-World War I will occur, and then some, and will drag down every other nation who still wishes to rely on it. I don’t believe this will happen tomorrow night or something, but we are rapidly approaching this reality.
It will not be as smooth sailing as BRICS nation may have you believe, but this chaos is being orchestrated by design to usher in digital IDs, CBDCs, and tokenization.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I remember seeing in the 90’s articles about the nwo currency being called amero.
Lord willing, the collapse won’t happen while the Bride of Christ is still here.
Please, please, please buy gold bullion and silver while the price is still affordable or you’ll rue the day you didn’t.
Jacob, and Jane; We have mulled over the decision to or to not…buy some Gold / Silver for about a year. My hesitation to has been due to, seems to me we would go from paper currency…immediately to digital. So I have been having a hard time justifying spending $$ on precious metals, and instead have been stocking up on dry goods etc. But now, I am thinking maybe we should have some Silver at least. My wife’s thought is: The silver we might have to turn in to digital will hold more value than the soon to collapsing dollar. As Born Again Christians we prefer to not comply to the upcoming digital system, but may not have a choice specific to some purchasing items like gas for an auto. We have went to God with this, and seem to be leaning towards purchasing some silver and possibly very little gold. Jacob: As always…we very much appreciate you!!! Tim P
I have some upcoming articles/sermons dealing with this issue. I disagree with some of the brethren on this incessant push to buy gold and silver, under the false pretenses that it always retains its value and that it never goes bad. The scriptures don’t teach that, neither does history, and I will prove that coming up. Let’s be clear: I am NOT anti-precious metals, as I have covered before. But there is no hard evidence to suggest that the new system being ushered in will allow for compatibility with gold and silver, or at least in a decentralized manner that is unknown to the system. And the claims that we won’t have to deal with some of this before the resurrection, and that it is strictly for the ToJT, is hopium. So please, be patient with me, and stay tuned and hopefully I can answer some questions you and others have, and then you can make a more informed decision. To be clear: right now, for me, I don’t have enough money to even warrant buying precious metals. I could, but what’s a small pocket full of coins going to do in the future? People are getting browbeat into precious metals through fear, and quite frankly it’s getting on my nerves. I’ll be totally transparent with and the body of Christ that in the coming collapse I’ve consigned that I’ll probably die, and I’ve made peace with God on that, and I sleep good at night; but I know that God can provide and protect. I have been learning to finally stop fretting myself too much over issues I can’t fix, which is a big fault of mine.
This is my advice for now, and I’ll get into more detail on this in the future:
Philippians 4:6 Be careful for nothing; but in every thing by prayer and supplication with thanksgiving let your requests be made known unto God.
1 Timothy 6:17 Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy; [18] That they do good, that they be rich in good works, ready to distribute, willing to communicate; [19] Laying up in store for themselves a good foundation against the time to come, that they may lay hold on eternal life.