Friday, February 19, 2016
“And the hundred talents of silver were for casting the sockets of the sanctuary, and the sockets of the veil: a hundred sockets for the hundred talents, a talent for a socket. And of the thousand seven hundred seventy and five shekels he made hooks for the pillars, and overlaid their capitals, and made fillets for them.”
(Photo: Graphic Stock)
Many prophecies indicate that we are in the final days before the coming of the Messiah, and the only question that remains to be answered is precisely when he will arrive. A clue given by Rabbi Schneur Zalman of Liadi, a renowned Jewish scholar and leader known as the “Alter Rebbe”, had a vision almost 300 years ago that seems to indicate precisely when the world’s resources will run out, forcing the Messiah to come. The date is sooner than you might expect.
The Alter Rebbe lived in the 18th century and he founded the Chabad branch of Judaism, which flourishes to this day. His teachings are still studied in depth and his book, the Tanya, is widely read by Jews around the world. Chabad is exceptional in that it emphasizes the concept of Messiah in a manner generally eschewed by other branches of Judaism.
A famous story is told of how the Alter Rebbe was reading from the Torah in front of the congregation. He reached the verse of Exodus 38:28, which mentions the sum of 1,775 talents of silver. When he read the first letter ‘hey’ which precedes the word “Ha-Eleph” (the thousand), he read it incorrectly four times in a row, despite being corrected each time. The letter ‘hey’ in Hebrew numerology equals five, so by reading it incorrectly, the Alter Rebbe was actually saying 5,775, instead of 1,775 as it is written in the Torah. He then walked away, much to the amazement of the congregation, and someone else had to finish the reading.
Rabbi Dovber Schneuri, known as the Mitteler Rebbe, who eventually succeeded him as the second rabbi of Chabad, asked him what had happened. The Alter Rebbe responded that he had had a vision that the Messiah would come after the year 5775 – which was last year according to the Hebrew calendar – and this vision would not permit him to read the verse any other way.
This story was written in the Mitteler Rebbe’s book, Sefer Imrei Bina (Book of Wise Sayings). The Alter Rebbe’s vision was interpreted in this manner:
Silver was collected in the form of the half-shekel taken from every Jewish male, each year. The half-shekels from the 600,000 Jews in the desert (Numbers 1:46) equalled one hundred talents of silver, with each talent composed of 3,000 full shekels of silver. But the Bible lists an additional 3,550 half-shekels (1,775 full shekels), from which Moses made the silver hooks at the top of the pillars used to set up the screen surrounding the Tabernacle in the desert.
Jewish tradition holds that the world was given a general amount of sustenance to last 4,000 years from creation. When that sustenance ended, the Messiah would come. It is taught in the Talmud, the book of Jewish oral law, that the Messiah can come anytime between the year 4000 and the year 6000, according to the Hebrew calendar.
The Alter Rebbe’s vision during the verse pertaining to the silver has been understood to mean that the 1,775 shekels of silver gave the world another 1,775 years of sustenance.
According to Jewish tradition, the world’s sustenance, given in the form of rain which waters the fields, is determined in the Heavenly court each year on the holiday of Hoshana Raba, at the end of Sukkot. The annual period ends on Tu B’Shevat, when the last benefit of the year’s rain is seen on the trees.
The last sustenance from the Hebrew year of 5775 was given last month, on Tu B’Shevat, meaning that the last benefits of the bounty from the 1,775 shekels of silver in the Tabernacle ended on January 24, 2016.
To gain insight on how this is affecting us today, Breaking Israel News spoke to Torah scholar, educator, and writer on Messiah-related issues Dov Bar Leib. He stated that the Alter Rebbe’s prediction is appearing right in front of our eyes in current events.
“The world’s resources are running out, but more significantly, the entire economic system is grinding to a halt,” he explained. “Oil is at a relative all-time low, with recent increases only bolstered by investor speculation.”
However, he continued, “Gold and silver prices, which have been steadily dropping for five years, are starting to rise significantly. We are seeing negative interest rates, a concept that has never existed before. It is as if economists and investors have lost faith and don’t believe there will be any tomorrow.”
When asked about the significance of these factors, Bar Leib had a dual perspective: economic and Biblical. “From the point of view of investors and economists, there are reasons for all this. Precious metals go up when confidence in currency goes down. But silver has a unique meaning in rabbinic literature. It is what the rabbis use as the basis for the concept of currency, even more than gold, which has practical uses that make it valuable.”
Silver, said Bar Leib, “signifies our connection to this world and material desires. When the Alter Rebbe had his vision about 1,775 silver shekels in the Tabernacle, he was saying that the silver used in the Tabernacle raised up the material world and our connection to it, for that many years.
“This allowed good and evil people alike to derive benefit from the material world. That time, that extra bit of sustenance, has ended. We are now beginning a period in which sustenance will be given as a reward for relating to the material world in a positive manner. The rules have changed.”
The global economy is in a precarious state, with its mainstays on the brink of collapse. China, which holds a huge share of global wealth, is attempting to downsize its enormous economy, and Germany, overcome with the financial burden of thousands of Syrian immigrants, is struggling to hold its head above water. The prophetic vision of the Alter Rebbe seems to be surprisingly relevant today, challenging us to reevaluate the true source of wealth and reminding us that sometimes, the well can run dry.
Credit to breakingisraelnews.com
Read more at http://www.breakingisraelnews.com/61625/global-depletion-resources-was-foreseen-300-years-ago-prophetic-vision-messiah-jewish-world/#vfKIOYUZgoSZYHWT.99
This is starting to become very concerning.
The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam.
On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.
Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about getting rid of the $100 bill.
Prominent economists and banks have joined the refrain and called for an end to cash in recent months.
The reasoning is almost always the same: cash is something that only criminals, terrorists, and tax cheats use.
In his op-ed, Summers refers to a new Harvard research paper entitled: “Making it Harder for the Bad Guys: The Case for Eliminating High Denomination Notes”.
That title pretty much sums up the conventional thinking. And the paper goes on to propose abolishing, among others, 500 euro and $100 bills.
The authors claim that “without being able to use high denomination notes, those engaged in illicit activities – the ‘bad guys’ of our title – would face higher costs and greater risks of detection. Eliminating high denomination notes would disrupt their ‘business models’.”
Personally I find this comical.
I can just imagine a bunch of bureaucrats and policy wonks sitting in a room pretending to know anything about criminal activity.
It’s total nonsense. As long as there has been human civilization there has been crime. Crime pre-dates cash. And it will exist long after they attempt to ban it.
Perhaps even more hilarious is that many of these bankrupt governments have become so desperate for economic growth that they now count illegal drug activity and prostitution in their GDP calculations, both of which are typically transacted in cash.
So, ironically, by banning cash these governments will end up reducing their own GDP figures.
What’s really behind this? Why is there such a big movement to ban something that is used for felonious purposes by just a fraction of a percent of the population?
Cash, it turns out, is the Achilles’ Heel of the financial system.
Central banks around the world have kept interest rates at near-zero levels for nearly eight years now.
And despite having created massive bubbles and enabled extraordinary amounts of debt, their policies aren’t working.
Especially in Europe, the hope of stoking economic growth (and even the sickening goal of inflation) has failed.
So naturally, since what they’ve been trying hasn’t worked, their response is to continue trying the same thing… and more of it.
Interest rates across the European continent are now negative.
Japanese interest rates are now negative.
And even in the United States, the Federal Reserve has acknowledged that negative interest rates are being considered.
They have no other choice; raising rates will bankrupt the governments they support and derail any fledgling economic growth.
Look at how low interest rates are in the US– and yet 4th quarter GDP practically ground to a halt. They simply cannot afford to raise rates.
As global economic weakness continues to play out, central banks will have no other option but to take interest rates even further into negative territory.
That said, negative interest rates will be the destruction of the financial system.
Because sooner or later, if banks have to pay negative wholesale interest rates to each other and to the central bank, then eventually they’ll have to pass those negative rates on to their customers.
Many banks have already started doing this, especially on larger depositors.
We’ve seen this in Europe where some banks charge their customers negative interest to save money, and in some extraordinary circumstances, pay other customers to borrow money.
It’s total madness.
There’s a certain point, however, when interest rates become so negative that no rational person would hold money in the banking system.
Eventually people will realize that they’re better off withdrawing their money and holding physical cash.
Sure, cash doesn’t pay any interest. But it doesn’t cost any either.
If you have a $200,000 in your savings account at negative 1%, you’d have to pay the bank $2,000 each year.
Clearly it would make more sense to buy a safe and hold most of that money in cash.
Problem is, the banks don’t have the money.
For starters, there’s literally not enough cash in the entire financial system to pay out more than a fraction of all bank deposits.
More importantly, banks (especially in the US and Europe) are extremely illiquid.
They invest the vast majority of your deposit in illiquid loans or securities of dubious long-term value, whatever the latest stupid investment fad happens to be.
And many banks have been engaging in a substantial balance sheet shift, rotating bonds from what’s called “Available for Sale” to “Hold to Maturity”.
This is an accounting trick used to hide losses in their bond portfolios. But it also means they have less liquidity available to support bank customer withdrawal requests.
The natural side effect of negative interest rates is pushing people to hold money outside of the banking system.
Yet it’s clear that a surge of withdrawal requests would bring down that system.
Banks don’t want that to happen. Governments don’t want that to happen.
But since central banks have no other choice than to continue imposing negative interest rates, the only logical option is to ban cash and force consumers to hold their money within the banking system.
Make no mistake, this is absolutely a form of capital controls. And it’s coming soon to a banking system near you.
If we learned anything last September it’s that Janet Yellen’s reaction function now includes domestic and global financial markets.
Well that, and we learned that Hungarian PM Viktor Orban isn’t playing around when it comes to Europe’s worsening refugee crisis. While everyone else in Europe was busy trying to figure out how to accommodate the millions of asylum seekers fleeing the war-torn Mid-East, Orban simply built a razor wire border fence.
And then he built another one.
And then, when migrants tried to breach his barriers, he met them with water cannons and tear gas. This was the scene:
So clearly, Hungary isn’t playing around when it comes to security, but as it turns out, migrant-be-gone fences and tear gas aren’t sufficient in today’s dangerous security environment and so, the Hungarian central bank is stockpiling guns and ammo.
“Hungary’s central bank, already facing criticism for a spending spree ranging from real estate to fine art, is now beefing up its security force, citing Europe’s migrant crisis and potential bomb threats among the reasons,” Bloomberg writes. “The National Bank of Hungary bought 200,000 rounds of live ammunition and 112 handguns for its security company, according to documents posted on a websitefor public procurements.”
Why, you might fairly ask, does the central bank need 200,000 bullets and hundreds of guns? Because of “international security risks,” central bank Governor Gyorgy Matolcsy says.
As Bloomberg goes on to note, "the security measures added to public scrutiny of the running of the bank, which under Matolcsy - an Orban ally - earmarked 200 billion forint ($718 million) to set up foundations to teach alternatives to what he called 'outdated neoliberal' economics."
Well, the central bank could be championing worse things. They could be teaching Keynes and stockpiling fiat money. Instead, they're doing away with neoliberalism and hoarding guns and ammo.
We close with a quote from PM Orban who met with Vladimir Putin on Thursday: "Europe's largest nations now believe that the flow of migrants is mostly positive. Our view is that it's bad."
And there's nothing like 200,000 bullets to combat "bad" things.
Credit to Zero Hedge