"In One Hour"

I read a very interesting theory today.  I'm not  saying I believe it, I just think it is very interesting.

I am always trying to find out the interpretations of Isaiah, Revelation, Daniel, and other scriptural books to try to see how they refer to our day.

Plus, I am very much of the opinion that the United States' currency system will fail in the near future.  Along with the Euro and probably all the rest of the world's currencies in rapid sequence. The reason I believe this is because our money is based on nothing tangible.  It isn't backed by gold or by any real collateral.  We just print it.

Here is Revelation 18:10-11, 17-19, from  HYPERLINK "http://lds.org/scriptures/nt/rev/18?lang=eng" http://lds.org/scriptures/nt/rev/18?lang=eng

 10 Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come.

 11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:

17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,

 18 And cried when they saw the smoke of her burning, saying, What city is like unto this great city!

 19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

In the LDS church, we believe that 1000 years of our time is as one day to the Lord.  So the "one hour" in the above scripture in the Lord's time could mean 41.67 years of our time.

Exactly 40 years ago this week, August 15, 1971, President Richard Nixon ended the gold standard.

Kind of spooky if our monetary system fails in the next year and a half.

(Sources below)

 HYPERLINK "http://economics.about.com/cs/money/a/gold_standard.htm" http://economics.about.com/cs/money/a/gold_standard.htm

During most of the 1800s the United States was had a bimetallic system of money, however it was essentially on a gold standard as very little silver was traded. A true gold standard came to fruition in 1900 with the passage of the Gold Standard Act. The gold standard effectively came to an end in 1933 when President Franklin D. Roosevelt outlawed private gold ownership (except for the purposes of jewelery). The  Bretton Woods System, enacted in 1946 created a system of fixed  exchange rates that allowed governments to sell their gold to the United States treasury at the price of $35/ounce. "The Bretton Woods system ended on August 15, 1971, when President Richard Nixon ended trading of gold at the fixed price of $35/ounce. At that point for the first time in history, formal links between the major world currencies and real commodities were severed". The gold standard has not been used in any major economy since that time.