Until 1964, a U.S. paper dollar could be exchanged for a silver dollar. U.S. coins lost their 90% silver content in 1964 except for the Eisenhower 40% silver dollar which was minted until 1976. A 90% silver dollar today is worth more than $17.
Having lost its silver backing, today's dollar is fiat, and as such its fate is to inflate itself out of existence. Furthermore, the dollar today is based on debt. The craziness of the fractional reserve banking system allows that the more money which is lent, the more money there is to lend. The expansion of the money supply has been accelerated by the global QE policies put in place after the 2008 crash, and for the first time in history, all currencies of the world are undergoing this fate simultaneously.
The inevitable outcome will be some form of world currency with a return to gold and/or silver backing. (Not necessarily a single worldwide currency, but if separate currencies are maintained they will all have the same backing, making them essentially equivalent.)
When will this happen?
Revelation 6:6 tells us that a loaf of bread will cost a day's wages, and we are a long way from that. But at the end of a fiat currency's lifetime there is an acceleration of inflation so it may not be that far off!
I came across this article which links the 7 year Biblical Shemitah cycle to the September 2001 and September 2008 crashes. The Shemitah cycle comes from Deuteronomy 15:
2 And this is the manner of the release: Every creditor that lendeth ought unto his neighbour shall release it; he shall not exact it of his neighbour, or of his brother; because it is called the Lord's release.
It would make sense that the end of the dollar would occur on a Shemitah cycle since it would be associated with a massive release of debt.
The next Shemitah cycle is September 13, 2015. It is an interesting date - let's look at the planets.
First recall as we saw here, that when the dollar was born with the Federal Reserve Act of December 23, 1913, Neptune was opposite Jupiter.
|12/23/1913: Dollar Natal|
On the next Shemitah cycle, September 13, 2015, there will be another Neptune-Jupiter opposition squaring Saturn, which is also trine Venus and Mars. Jupiter will be at the dollar's 72° harmonic, 144° from its natal position seen above.
8/24/13 AddendumThe planetary midpoint between the 2 charts above, that is, the Neptune-Jupiter opposition with Neptune at the dollar's 72° harmonic in Scorpio, occurred in 1964, the final year of 90% silver coinage.