BLOG

The January Passover Sign

Some years ago it was revealed that we should watch January for a Passover sign. Since January is our first month, it correlates with Passover, which comes in the middle of the first month on the Hebrew calendar.

On January 15, 2015 we knew to watch for a Passover sign, and it came this year in the form of a monetary transfer. (Recall that the Israelites left Egypt on Passover, carrying the wealth of Egypt with them.) The Swiss National Bank had been supporting the euro since 2011 by purchasing euros with Swiss francs. Their policy was to keep the value at 1.20 francs per euro. But on January 15 they capitulated.

As late as last month the SNB was insisting that their policy would continue indefinitely, even though the European Central Bank decided that they would soon start their own program of “Quantitative Easing,” a nice word for printing more money with nothing to back it. The SNB was the main support for the euro these past three years, but it appears that the ECB’s decision to print money beginning January 22, 2015 was the straw that broke the camel’s back. The SNB threw up their hands even before the ECB starting its printing presses rolling.

Those who believed the SNB's empty promises got caught with their pants down on January 15, when the SNB suddenly reversed its policy and de-pegged the franc from the euro. The franc suddenly soared 30% before settling down to a “mere” 14% rise in relative value. Currency trading houses around the world went broke in minutes.

The SNB itself lost 80 billion Swiss francs, which was equal to about 10% of the Gross Domestic Product of Switzerland for a whole year. They had been buying euros to support its price and to keep the Swiss franc low, so they were caught with an abundance of euros that went down 14% in price.

http://www.telegraph.co.uk/finance/currency/11347218/Swiss-franc-surges-after-scrapping-euro-peg.html

For every seller there is a buyer. Currency traders who watched actual economic fundamentals, rather than just believing what the officials said, made a lot of money.

This incident may prove to be the end of the bank’s (or government’s) ability to manipulate currency prices artificially.

I do not know the precise day that the SNB decided to support the euro, but it appears to have occurred in early August 2011. The markets were reeling on August 2, 2011.

http://www.telegraph.co.uk/finance/financialcrisis/8693774/Switzerland-acts-to-curb-francs-rise.html

It is 1,260 days from August 3, 2011 to January 15, 2015. Perhaps that time cycle is significant.

At any rate, some economists like Peter Schiff are warning that this is the beginning of the end. He writes:

This is a lesson in why central banking does not work, that these types of monetary policies are doomed to fail, that the central banks were trying to swim against the tide and eventually they had to give it up. And this is going to happen with all these managed exchange systems. In fact, Switzerland is a small microcosm of the bigger peg-relationships that are going to end and when they do it will be much more spectacular. This was a tremor. When the Chinese decide to abandon their peg for the both the Hong Kong dollar and the Yuan, that is going to be a 10.0 on the Richter scale of economic activity. It is going to be huge!

http://schiffonthemarkets.blogspot.com/2015/01/swiss-franc-episode-this-is-lesson.html

Because this economic shock event took place on January 15, which was one of our watch dates linked to Passover, it may well prove to be the beginning of something greater in the days and months ahead. Keep in mind that February 15 is a watch date correlating with the Second Passover, and that early April (during our Passover conference) is another time to watch.

There are other things developing as well, which I observed this past week. It appears that on December 30, 2014 the beast empires reached their final end of their contract with God to rule the world, and that we have now shifted into the time where Kingdom government will begin to be established and organized.

God will do what He will do, of course, but we too are beginning to receive revelation about what we ought to do in this regard. Our vision and our plans greatly exceed our budget at this point, but we are proceeding by faith, believing that whatever God has promised, He will do. Faith believes the ridiculous, knowing that with God all things are possible.

Coinciding with the collapse of Babylon, we will see the rise of the Kingdom of God. Neither of these things will happen all at one time, but I am confident that we will play our part in the days and years to come. We should be aware of this, so that we can prepare ourselves to move into our callings and see the promises of God fulfilled in our lives.