Sid: My guest Dr. Larry Bates I’ve had him on all this week, he’s a man that is knowledgeable of the economy, knowledgeable of politics, and knowledgeable of the Spirit of the Living God. He is a publisher and editor of “Monetary and Economic Review”, former bank CEO, former member of the Tennessee House of Representatives where he chaired the powerful Committee on Banking and Commerce; he’s an internationally recognized speaker on political systems, the Federal Reserve and how they affect the economy and your assets. Larry you were telling me before we went on the air that you were in a conference in Asia and something very unusual happened.
Larry: Absolutely, Sid over ten years ago I spent 30 straight days doing economic briefings all over Asian’s seven countries in the wake of the Asian economic crisis. Very similar to what we’re experiencing here except instead of being in Asia the crisis is centered here in the United States as far as our mortgage crisis, our real estate housing crisis etc. But I was explaining, as I explain in this 3 DVD set we’re talking about here today, to a group in Hong Cong at the American club. It was put on by the Full Gospel Businessman’s group and they had invited, it was the biggest collection of tycoons that I’ve ever seen in my life. We had people like the chairman of Mercedes Benz of all of Asia. We had Bill Clinton’s old buddies the Riatti’s – James Riatti, the Olimpo Group, we had the economic advisor to Tung Chee Hwa, the Governor of Hong Kong was there. And when we got to question and answers I could tell that light bulbs were going on all over the room. Finally this one guy in his Chinese dialectical English he said, “How you know this, I now understand, how you know this, I want to know how you know this?” I said, “Well let me be very clear, you know your current predicament in the economy has not caught God by surprise; He’s not having an anxiety attack over your predicament here in Asia, it didn’t catch Him by surprise; so if you want to understand as I have laid out to you today my source of wisdom and knowledge is from God, and the only way you can have the wisdom and knowledge from God is to have an intimate relationship with that. And the only way you can have an intimate relationship with God is through His Son Jesus Christ. They told me, I said “If you are interested see one of these men with the flower in their lapel and they told me five or six of those tycoons got saved that day.” So you see when we present truth to a loss and dying world and when people are losing their assets I guarantee you one thing Sid you have their undivided attention. And when you show them truth, John 8:32 is so clear, it says that yea shall know the truth and the truth will make you free. It’s not the truth that makes us free it’s our knowledge of the truth that makes us free. And this is what we have to do is be that Joseph generation that is helping people understand the times like the men of Issachar new and prepare for this greatest economic crisis that human history will ever see.
Sid: Well, many prophets are saying there will be a great wealth transfer; it’s not a time to pull your hair out it’s a time to seek wisdom and to understand the economy and the political arena. And in fact that’s why we’re making your three DVD’s available “Economical and Political Crisis” which actually will outline what has occurred to date and then the strategies for weathering any crisis while keeping your finances, political freedom intact. Tell me about this wealth transfer, how can we be involved in it on the right side?
Larry: Sure. I believe the scriptures when it says that the wealth of the wicked is going to be transferred to the righteous but I believe that God is going to allow the transfer to those who understand the system. You know we wouldn’t give an expensive aircraft to fly to a 3 year old. So likewise I don’t believe would put the burden of a lot of wealth upon someone who didn’t know how to handle it. So this is why it is so important to get wisdom and understanding and understand how this system works. You know the gospel is going to go forth and when the wealth of the wicked is transferred in the last days. And I believe the wealth transfer system will be understanding the monetary system. Because Ecclesiastes 10:19 says “Money answereth all things.” A lot of people don’t know that’s in the scripture, money is the answer of everything. Why do we get up and go to work in the morning? Why do we save for retirement to have money, what is money? Well, it is frozen or static labor, you know the old Hebrew view of wealth and labor was that you get paid so many shekels and you spend it for your current needs and what you do is you save it. But Sid you know we can’t expect that our labor this week we get paid for we want to have the same purchasing power next week, next month, next year, 30 years from now. But unfortunately because of the nature of our system we are losing the purchasing power and so this is why we need to know how to freeze our labor so that we have the same purchasing power 10, 15, 20 years from now.
Sid: What about investments at this point right now? Should people just have a completely liquid; should people put it in gold, and silver, what are you advising?
Larry: First of all before I advise doing anything is understand the system, that’s the biggest thing you need to invest in is this 3 DVD set to get wisdom and understanding of how the system works. Because action without information is what I call fanaticism, people take a fanatical approach based on what they hear on Wall Street, or what they hear on television or read in the newspapers. But most of the people even writing the financial press doesn’t really understand how this whole system really works. They just understand the Babylonian system because the mystery Babylon includes the financial aspect of it. So first of all get understanding, but after you get that understanding start looking at your particular situation. There’s not a cookie cutter formula, but in general we can say “Cash at the crash will be king.” You want to have the cash in your money funds and cash in your CD’s but also your cash in your gold and silver coins. Why gold and silver coins? Because gold and silver is money, anything else is credit. And you know we’re going to have a new currency, probably in North America, there has been a plan, it’s kind of been stymied for a while, but I believe out of the economic crisis you’ll have people brought to their knees and out of their distress they will cry out for some kind of government sponsored aid, and then in return for that aid you’re going to have to give up your political freedoms. So quite frankly I don’t relish the thought of being in servitude to anybody so this is why, you know God wants us to be the head and not the tail.
Sid: Now why do you say “There will be a new currency for North America?”
Larry: Well, you look at history; let’s go to Brazil for an example. You can look at the Carazo the Cardozo and now the Credo and now look at history around the world, the currencies and the more beautiful the currency is probably the less it’s worth. You can use it to paper your bathroom or something like that. So a lot of currencies…
Sid: Now is that you’re spin that you believe that we are going to have a hyper hyper inflation in this country? Where our dollars will be worth pennies?
Larry: There’s no way around it Sid, because we’ll either have a collapse as we talked earlier in the week; we either going to have one or two things will happen. We’ll have a default, collapse of the economy or we will have to print massive amounts of new money and create massive amounts of new credit just to keep the game going. And every succeeding cycle when we get into this debt based economy, debt based monetary system every succeeding cycle you have a bigger bubble. And when you have a bigger bubble it is less manageable, and quite frankly the Federal Reserve almost lost control of monetary policy in this particular cycle, there struggling, scrambling to get control at it again. And this is why we saw the bail out of Fannie Mae and Freddy Mac to keep the entire U.S. and world economic system from collapsing. Sid we have two years minimum, if we are fortunate, and five years maximum to get our house in order. We better move fast.
Sid: Alright what will be accomplished if someone watches your three DVD’s called Economic and Political Crisis?
Larry: Well, one thing that you will see is you will see that there is a plan, there is a master plan and of course we have a war of world views. The kingdom of Satan challenging the kingdom of God and this 3 DVD set with your question answer session outlines this war of war views in the areas of economic, politics, and religion that is cumulating in our present day crisis. There is a plan; it’s a diabolic plan in order to enslave us because Satan is crafty. You know the people that would even be putting this on us they are not our problem it’s the spirits that are controlling them are our problem. And a lot of them are good people they just don’t understand what they are doing. And the reason that a lot of people in the church have been in retreat is because they don’t understand the system, they don’t understand the battle, it’s kind of like the prodigal in the middle of Hosea 4:6 “My people are destroyed for they lack knowledge.” And this is what we got to do is correct that so that God’s army and God’s people will come together and be that great occupying force in taking dominion like God told us to do.
Sid: And I love this subtitle you have of the DVDs, “Strategies for weathering any crisis while keeping your finances and political freedoms intact.” Do you believe if someone follows this and seeks God’s wisdom they will be the head as opposed to the tail?
Larry: Absolutely, without a doubt because you know when we understand the system and understand who your enemy is. See a lot of money is spent every year…
Tags: It's Supernatural, Sid Roth
Tags: It's Supernatural, Sid Roth