Argentina (CIS) - Cash in sock
For many many years, we have during the course of our public
lectures, used the humorous abbreviation (CIS) standing for Cash in Sock.
Many years ago as we watched the situation deteriorate where
the economy was becoming mixed up with surveillance, it became increasingly
clear to those of us at this office that the easiest way to guarantee individual
security was to keep your money not in the bank, but in a sock or box at the end
of the bed.
People no longer laugh, however, when we read articles such
as this one found in the Weekend Herald, 11 August 2001: "Argentines
stash cash in fear of their life-savings -– Bank accounts are emptied as the
Government struggles to avoid default on huge loans. Argentines, who are
draining $US233 million ($550 million) a day from their bank accounts, are
hoarding money at home -– in safes, dirty laundry and under ground...
Argentines who cannot afford safes, which cost up to $US3000,
say they have buried cash in their backyard, hidden it in ovens or stuffed it
'People are taking precautions against the collapse,'
said Cajas co-founder Domingo Tremelite.
Argentines have become skittish about keeping money in banks
because of concern that the Government may freeze accounts to stem the outflow
of capital and avoid default on $US130 billion of debt....
About 65 people lined up to withdraw dollars at state-owned
Banco de la Nacion's main branch in Buenos Aires after another branch ran out
of the US currency.
'I'm buying dollars because I'm scared, not only of a
devaluation but of everything,' said Hernan Quercini, 26, who works in the
administration office of state-run radio station Radio Nacional.
At the same time, the International Monetary Fund's
agreement to speed up a $US1.2 billion loan payment eased concern that the
Government would miss debt payments in the next two months....
Analysts say they are monitoring the rate of bank withdrawals
as they try to determine if the Government can keep the peso level-pegged with
the US dollar and avoid default.
In Argentina, the dollar is used as a second currency,
accepted by stores and restaurants and available at any bank cash machine....
Companies laid off about 14,890 people last month, the
highest number since last year, the Clarin newspaper reported.
'The situation is so bad that a lot of people don't even
have the money to buy a safe, even though they're taking their savings out of
the bank,' said Gabriela Pinedo, a saleswoman at safe-maker Vetere.
'I suppose they're hiding it in their house somewhere.'....
'This isn't the first time this has happened, this total
lack of confidence in the banks or the financial system,' said safe-maker
'It seems to be an illness here that keeps coming back.'"
And then in the NZ Herald, 25 August 2001: "...Argentina
is to get $US8 billion ($18.1 billion) in new loans from the International
Monetary Fund, with some money contingent on reaching agreement with creditors
to reschedule part of its $US130 billion debt..."
Anybody of course who borrows from the International Monetary
Fund must be prepared to agree to the conditions which go with it, which
simply means the selling out of your national sovereignty through asset sales
worldwide. A verse in Proverbs 22:7 should be read at this point:
"The rich ruleth over the poor, and the borrow is
servant to the lender."
In this way, the IMF is part of the global plan setting up
traps worldwide to steal sovereignty from every country and thus ultimately set
up a global village, says the Word of God, to be run by a man entitled Anti
Not only is Argentina going under the power of the IMF, but
we see other countries are also involved. In The Press, 6 August 2001, we
read: "IMF acts to stop malaise spreading -– The International Monetary Fund
says it is prepared to accelerate a $US1.2 billion ($NZ2.9b) loan to Argentina
and establish a $US15b line of emergency credit for Brazil to keep their
economic woes from spreading.
Both recommendations were expected to win easy approval from
the agency's executive board. The IMF is hoping to avert a replay of the Asian
currency crisis, which saw financial contagion in one country spread until 40
per cent of the global economy was pushed into a recession.
The Bush administration has watched as its efforts to reform
the IMF have been overtaken by financial crises, first in Turkey and now
in Argentina and Brazil...." (emphases added).
This whole loans conditions plan is demonic in every
way as we believers in the Word of God and our Lord Jesus Christ can clearly
The Tower of Babel was a case in point, where men tried to
set up a global village in opposition to God's plan to keep the nations apart,
to some degree.
In these latter days, the Phoenix is rising again and the
same God, who destroyed the Tower of Babel, is the same God who ultimately will
destroy the New World Order.
We give thanks to God that our Lord Jesus Christ will shortly
come back and put a stop to all this madness.