BITCOIN, GLOREX AND MONEY BASICS
June 22, 2012
In this new conversation, Janell asks about the latest in
monetary currency, a “digital” currency called “Bitcoin,”
and how this might relate to what we have written about
before concerning a coming realm of stewardship
salvation, including a new economy and medium of
exchange (“money”) which I have called “Glorex.” The article
on Bitcoin Janell links to is reproduced in full at the very
bottom after my response if you care to read it.
My response is a larger picture discussion of the two basic
factors of money (substance and control), how they are at
the heart of the conflict between true and false money, and
a brief comparison of how Bitcoin and Glorex relate to them.
One point of understanding you especially want to take home
from this discussion is the difference between illegal
counterfeiting and “legal counterfeiting.” The oxymoronic
concept of legal counterfeiting is at the core of today’s
western debt crisis and is the principle on which the beast
monetary system is constructed.
Hopefully, you will find these concepts profitable in
helping to understand the “mechanics” behind the problems
with money as we know it, all as we anticipate deliverance
from the current system.
From: Janell [Texas]
Sent: Tuesday, June 19, 2012 11:23 AM
… I came across an article yesterday on AOL.com that took me
back to your writing on Stewardship
Salvation. Thought you might have some
insight. The link is:
Could this be another counterfeit monetary system
foreshadowing the new glory currency? Just some
Blessings to all the Anderson family from all the Dodd farm
[quoting from Stewardship Salvation:]
“Glorex” and the Incipient Manifest Kingdom Economy
Out of the revelation that attends the next dimension of
salvation will come the blueprints for the economy of the
manifest Kingdom Age. The Lord will be imparting to all His
“saved stewards” the wisdom secrets of eternal life by which
Kingdom economy is to be administered. As written earlier,
this revelation will already be in process of impartation
during the final manifestation of the beast system. (It must
also be made clear, that this new revelation will not be
based in the old Torah, as many in the Messianic communities
teach, but will be of that yet unseen superior class of
revelation accompanying the next revelation of Christ.)
The Lord will also be revealing a new medium of exchange in
the earth that will replace money as we know it. This new
medium will consist of the substance of the glory of God—the
same substance satan sought to counterfeit in the heavenly
trade war before he was cast out, and which formed his basis
for establishing a counterfeit fiat monetary system in the
earth to the present.
The new glory currency (which I refer to as “glorex”) will
be transnational in scope. In the coming economy, gold and
silver will not have the place they have historically had as
mediums of exchange prior to the Lord’s second coming,
though there will still be some use for them as the earth’s
remaining mortal peoples develop in their economic
understanding of the kingdom.
Sent: Wednesday, June 20, 2012 12:46 AM
Subject: RE: Articles
Thanks for your thoughts Janell. Nice to hear from you after
such a time.
I was just recently introduced to the Bitcoin concept. This
has been the latest among various attempts over the years by
different parties to introduce alternative currencies free
from the fiat banking system. Here are my thoughts:
We know that because the “whole world lies in the power of
the evil one,” no humanly apprehendable currency system is
safe from satanic take over, no matter how good the
intentions of the initiators to invent a system that
corrects the evils of another system. No matter the humanly
administrated monetary system, it will ultimately be
governed by the love of money under sin, hence controlled by
the evil one via a satanically “elect” class of people
(portrayed scripturally in the form of the dragon and the
Two questions have always been at issue regarding the
creation and administration of any monetary system. They
1. Of what substance is the medium
of exchange? (Meaning, how susceptible to
counterfeiting and debauchery is the medium?)
2. Who controls its issue? (Meaning,
what is the capacity of the issuer to preserve the medium
for the good of the people, or to pervert the medium for
their own gain at the expense of the people?)
In answer to the first question on substance, the
further from hard substance a medium is found, the easier to
counterfeit and debauch it. God put metals in the earth
intrinsically recognizable by man as “precious metals” to
serve as such a medium. It is more difficult to counterfeit
or debauch metals like gold and silver, than it is say with
wood—though it has nevertheless been done.
Eventually during the Middle Ages and ever since, paper
scrip came to substitute for metals, leading to the fiat
system we have now. It is much easier to counterfeit and
debauch paper than metal. And the “securities” crisis among
the supposedly legitimate guardians of the paper system is
the ultimate proof of that.
But in the last generation, paper has given way to
electronic accounting, meaning the transferring of nothing
more than cyber data. You can see in this progression from
metal to paper to cyber data the increased potential and
susceptibility to counterfeiting and debauchery (something
like moving from solid, to liquid to gas). The article on
Bitcoin only pays token acknowledgement of this regarding
The truth is however, regardless of hacking, it is nothing
for anyone who is even in legitimate control of cyber
currency to multiply it or shrink it at will, to add digits
or erase them. This is what is already being done in the
fiat system which now relies heavily on electronic transfer
in conjunction with paper. How easy do they want to
And all this of course is to say nothing of what happens
when the electric grid goes down and there is no electricity
suddenly for any reason whatsoever for any period of time.
How easy would that be to crash an entire national or world
economy based on cyber currency?
In answer to the second question on control, there
are only two possibilities. The currency can be issued and
regulated by a public body that is publicly accountable to
the people of the economy. Or it can be issued and regulated
by a privately owned and controlled body, corporation,
consortium or family. The more publicly owned and
accountable the body, the greater the capacity for
preservation of the integrity of the medium for the good of
the people of the economy. Conversely, the more privately
owned and secretly accountable the body, the greater the
capacity for perverting the medium for their own gain at the
expense of the people of the economy.
During the Middle Ages and the development of the fiat
system, issuance and control of money came to be vested in
the hands of private banking families and lineages forming
what became known as the European “central banking” system,
tied directly to the governments of the nations whose
economies they came to possess and control. These families
have been the satanic “elect.” And everything they have ever
done has been to “counterfeit” and “debauch” their own
currency in the form of what is called “fractional reserve”
banking, with the ultimate goal of controlling all of the
real estate and labor of the whole earth.
By contrast, when the United States was founded, the framers
of the U.S. Constitution, fully aware of the private
European system, recognized the need for the issuance and
control of the national currency to be in the hands of the
most publicly accountable body possible, namely, the
government itself. They also recognized the importance of
hard substance to serve as that medium (i.e., gold and
silver) and so they wrote all this into the Constitution.
But nevertheless, we know what happened. Through
perpetual interference and outside manipulation by the
private banking families of Europe from the beginning of the
country, the United States finally gave in to give issuance
and control of its currency system into their hands through
the Federal Reserve Act of 1913. So to this day, the United
States operates under a fiat system controlled by a private
consortium called the Federal Reserve Bank which offers a
sham “color” of accountability to Congress through
occasional polite “interviews” of the “fed chairman” but
which in actuality has never been audited and calls all the
And it is to this made-out-of-thin-air non-accountable
Federal Reserve Board that—just as in every other country—an
unpayable made-out-of-thin-air “national debt” is owed and
which—unknown to most—has since 1933 resulted in the
collateralizing of the entire land mass and labor
pool—present and future—of the people of the United States
against said “debt.” And now, even despite all of the
collateralization of the people’s lives and property, the
system has so skyrocketed out of control that it has been on
the brink of total collapse since 2008. It’s a wonder that
it is still being held together.
But the point here is about Bitcoin. The question is, who
owns Bitcoin? Is it a publicly owned and accountable body to
the people of the economy it services? Or is it a private
corporation of unknowns? I think the answer is obvious. It
is private and governmentally non- accountable.
Therefore, as an alternative to the “fiat” system of the
central banks and Federal Reserve currency systems, it is
not a true alternative. Whoever owns it has no
accountability, not even a color of accountability to any
public government—for what and how they handle their
electronic digits. They are just as capable of inflating or
depressing them, counterfeiting or stealing them against the
people who use the system—as the central banks have always
done. And seeing it is based ONLY on electronic digits, it
is to be totally suspect.
Bitcoin may in fact be nothing more than the next iteration
of the satanic elect waiting in the wings to take over world
economy on a universal cross-national basis, providing a
truly one world currency, advantaging itself of the failures
of its own current iteration through the central banking
systems still tied to paper and the color of accountability
to public governments. Think about it.
A side comment for reinforced clarity is needed. Simply, the
counterfeiting and debauching of currency is not done only
by those outside of its creation and control. It is done
by those on the inside of its creation and control.
The creation of new money of any kind unhitched to any hard
standard IS counterfeiting.
The public does not understand this. The people do not
understand this. If I create money out of nothing in copy of
the Federal Reserve it is called counterfeiting. If the
Federal Reserve copies its own money out of nothing it is
called “hypothecating” and “fractional reserve
lending.” It’s simply a matter of fact that a private
“banking class” has the unequal right to do with currency
what the people of the land have no right to do with
But no one questions it because the body performing the
counterfeiting against its own currency is accorded the
color of “governmental legitimacy.” This is the grand
deception that is upon all the nations referred to in
Revelation 20:3. And unfortunately, God’s people among the
nations are hardly any wiser to it than the rest of the
ignorant public school trained populace.
My closing comment comes back to “Glorex” and stewardship
salvation which you cited [above]. The coming new economy in
Christ will defeat the handicaps raised by the questions of
substance and control of currency. Glorex is a substance
that simply cannot be counterfeited or debauched. And the
issuance and control of it will belong only to those whose
hearts cannot be bought or sold by the love of money.
The stewardship for Glorex will not belong to a private
consortium or even to a public government. It will belong to
a tried, tested and proven priesthood of believers in Christ
within the construct of the kingdom of God who have no other
possible interest but to meet the needs of the people of the
national economies that they will be servicing. Now how
simple is that? (Unthinkable, I know. But that’s how it will
Let these thoughts help build an increased perspective on
where He is trying to take us all next in salvation.
Many blessings to all of you there at the J-D Ranch from all
of us here.
Bitcoins Becoming Europe's New Safe Haven Currency?
Posted 1:23PM 06/18/12
"What the euro crisis and
possible breakdown does is make people think about
alternative [currencies] that can be used to maintain
business and that cannot be manipulated by any central
organization whatsoever," he told DailyFinance.
And Bitcoin, as unorthodox as it may sound, was created
2009 to be just such an alternative.
It's not so surprising that a growing number of Europeans
whose countries are in dire fiscal straits are moving
their money from banks to Bitcoins. The eurozone is in end-of-times
over its debt crises; Greece is starring in its own
tragicomedy; and Spain
scrambling for a major bailout. And just last week,
the euro overtook the British pound as the second-most
common currency that bitcoins are traded against (after
the U.S. dollar, which has 72% of the market thanks to its
large community of early adopters).
Euro hit 9% of the Bitcoin market thanks to an uptick in
buyers from Greece, Italy, Spain and the Netherlands,
according to Charlie Shrem, CEO of BitInstant, a New York
company that allows clients to move money between Bitcoin
and other currencies. Shrem's firm attributes the recent
rise in euros exchanged for bitcoins to the worsening
crisis in Europe and people seeking financial asylum in
As reports increase that the
banking system is evaporating into the ether, will
people increasingly find it high time to bank in the
Bitcoin a Panacea For the Euro's Woes?
Quite simply, Bitcoins are an encrypted digital currency
that can be freely exchanged between people or between
consumers and merchants. Businesses like Bitcoin because
it allows them to avoid paying credit card fees of up to
3% on transactions. Consumers get to dodge the costs
normally associated with currency exchanges. It's only
available for use in a handful of physical locations in
cities around the world (it's mostly used via Internet),
but a major use for it has been for conversions -- you can
buy Bitcoins and then exchange them for another currency
at no charge.
Bitcoin is in some senses a financial island removed from
the vicissitudes and consequences of a traditional banking
system. It's neither controlled by central banks nor
governments, and thus not vulnerable to larger-scale
shifts like changing interest rates or the rampant
inflation of countries in decline.
But Bitcoin's isolation from geopolitical turmoil has been
its true selling point for those in Europe.
"I have Greek friends who fear that Greece will drop out
of the euro, and all of their money will be converted to
the drachma," Shrem said. "And then even a cup of coffee
would get pretty expensive for them, because inflation
will skyrocket like what we saw in Zimbabwe."
Bitcoin was trading at about $5.26 in on Jan. 1, and
bolstered by fears about the euro, its value had risen 19%
to $6.28 on Monday. The euro, by contrast, dropped from
$1.29 on January 1 to around $1.25, a 3% decline. In fact,
Bitcoin performed better than any major asset class in the
world in 2011, up 1,700%.
Jon Matonis, a Bitcoin consultant and digital currency
specialist, believes moving toward Bitcoin is a smart
strategy, advocating any exit from fiat currencies as a
step in the right direction.
"It's like musical chairs," he said, "And when the music
stops playing, the mad rush out of fiat will begin because
a 'paper' con game can turn on a dime." That uncertainty
in the value of a fiat currency, especially in the euro,
stands in contrast to Bitcoin, which Matonis describes as
"an open-source neutral method of going from paper euros
to a nonpolitical unit of value in electronic form."
The Risks in Bits
But is a digital currency safe? Hackers have tapped into
Bitcoin exchanges, exacerbating fears that the
fully-online currency might not be such a sure bet.
Last June, Mount Gox, a major Bitcoin exchange,
was compromised, and a cyber attack this May against the
Bitcoin exchange Bitcoinica resulted in 18,000 stolen
bitcoins (about $90,000). These events have further
reinforced some security experts' preference for
traditional banking, according to Marc Vael, director of
the Information Systems Audit and Control Association:
Even though the eurozone is experiencing turbulent times,
all EU governments guarantee banks deposits and savings
accounts for up to 100,000 euros.
"The existing banking system, including online banking
possibilities, still protects citizens even when money
gets stolen out of their account," Vael said. "Keeping
money under EU-regulated financial institutions is the
safest option for EU citizens."
But as the euro's problems deepen, people are putting less
faith in it, and hoping the security technology of Bitcoin
exchanges is enough.
"It's as safe as the cryptography," Matonis said. "And the
cryptography has been peer-reviewed, and it currently
enjoys the mathematical trust of the cryptography
"These individuals moving their value from euros to
Bitcoin are trusting the cryptographic algorithms,"
Matonis said. "If they store the private keys themselves,
then they do not even have to trust a third-party entity."
The Future of Bitcoin
Though Matonis believes that traditional banking is "in
decline" and that Bitcoin possesses important advantages
for Europeans at the moment, the digital currency hasn't
necessarily proven itself as a fully universal platform.
- a ministry of Anglemar Fellowship
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