The Real Reason Behind the Federal Reserve’s Statement

By Kellene Bishop

Today the Federal Reserve released a statement in which they attempted to assure consumers that all will be well in spite of the recent economic events. But as members of the House of Israel who will play a key role in The Gathering in these latter days it’s imperative that we are not deceived.  I have an extensive background in international finance and it is the result of this background that I have provided the following explanation for the Fed’s tap dance announcement today.

To put it plainly, they are in a pickle. There’s too much cheap money in circulation and foreign investors know it. (Isn’t it a bit ironic that foreign nations know about our money situation better than most Americans do?  They have to stay informed though because the stability of their own nations requires it.) The Federal Reserve couldn’t possibly INCREASE the cost of obtaining their money by increasing interest rates—no foreign investor would bite. If the banks had to pay more for the money, it would bring lending of any kind to a screeching halt—literally stopping any development and construction that’s underway today in its track!  An increase in the interest rate would be an increase in the cost of money that banks and foreign nations had to pay in order to use our money. Not to mention such an increase would be fraudulent as it would attempt to say that despite the S & P downgrade, the money is worth something now, all of the sudden. As a result of their previous behavior, their ONLY choice was to keep the interest rates down, but it’s important that you see through the smoke and mirrors and see that that is EXACTLY what happens prior to a hyperinflation mess!

One important thing to add to this–I’ve read and reread the carefully crafted statement of the Federal Reserve announcing that they would keep interest rates low through the middle of 2013 and in my professional opinion, the statement is a veiled warning to the foreign allies to get their houses in order financially speaking because the Feds are only holding off the wolves through the middle of next year. If our predicament is as such to warn their financial allies, it should be sufficient for the rest of us to be sober and take some serious actions in making ourselves as ready as we can with what we’ve got now while it’s still worth anything.

If you haven’t taken the opportunity to read them yet, I suggest that you go to and read the most recent two articles (they are part 1 and part 2) called The Prelude to a Financial Collapse. I’ve taken great care to convey the lay of the land in simple terms so that we all can see things as they truly are and act in a manner of peaceful preparedness, rather than panic caused by our own delay in taking action.

In closing, I just want to share these treasured warnings from our prophets of this dispensation.

For you will see a day when you will want it [food storage]; and it will be when we shall feel the effects of famine, and when the United States have not any food.” Heber C. Kimball, May 31, 1857, Journal of Discourses 4:330:

“With regard to grain, I will say, if you do not lay it up and keep it, you will be sorry in a day to come; for you will see hard times, trying times, plagues, and famines, and bloodshed. Be advised and provide in time, and while you have the opportunity.” (Heber C. Kimball August 28, 1859 Journal of Discourses 7:234)

“Lay up your stores, and take your silks and fine things, and exchange them for grain and such things as you need, and the time will come when we will be obliged to depend upon our own resources; for the time is not far distant when the curtain will be dropped between us and the United States….

“The day will come when the people of the United States will come lugging their bundles under their arms, coming to us for bread to eat. Every prophet has spoken of this from the early ages of the world.”

“There will be millions on millions that will come much in the same way, only they will not have handcarts, for they will take their bundles under their arms, and their children on their backs, and under their arms, and flee; and Zion’s people will have to send out relief to them, for they will come when the judgments come on the nations.” (Heber C. Kimball Journal of Discourses 4:106)

Elder M. Russell Nelson, April 2010 General Conference:

Anciently, the Lord blessed Father Abraham with a promise to make his posterity a chosen people. 1 References to this covenant occur throughout the scriptures. Included were promises that the Son of God would come through Abraham’s lineage, that certain lands would be inherited, that nations and kindreds of the earth would be blessed through his seed, and more. 2 While some aspects of that covenant have already been fulfilled, the Book of Mormon teaches that this Abrahamic covenant will be fulfilled only in these latter days! It also emphasizes that we are among the covenant people of the Lord.Ours is the privilege to participate personally in the fulfillment of these promises. What an exciting time to live!” (referencing LDS Conference 2006, The Gathering of Scattered Israel)

“The time will come that gold will hold no comparison in value to a bushel of wheat.” (President Brigham Young, Discourses of Brigham Young, p.298.)

The revelation to store food may be as essential to our temporal salvation today as boarding the ark was to the people in the days of Noah.” (Ezra Taft Benson, October Conference, 1973)

Heber C. Kimball warned the Saints that famines are likely to strike the Saints first, and unless they are prepared, they will suffer the consequences when the grocery stores and warehouses are stripped of their contents and food cannot be found anywhere:

“When the famines begin upon the earth, we shall be very apt to feel them first. If judgments must need begin at the house of God, and if the righteous scarcely are saved, how will it be with the wicked? Am I looking for famines? Yes, the most terrible and severe that have ever come upon the nations of the earth.”

Brigham Young stated: “Famine will spread over the nations, and nation will rise up against nation, kingdom against kingdom, and states against states, in our own country and in foreign lands; and they will destroy each other, caring not for the blood and lives of their neighbors, of their families, or for their own lives.”

Elder Featherstone had this to say at an April General Conference in 1976:

Now what about those who would plunder and break in and take that which we have stored for our families’ needs? Don’t give this one more idle thought. There is a God in heaven whom we have obeyed. Do you suppose he would abandon those who have kept his commandments? He said, “If ye are prepared, ye need not fear.” (D&C 38:30.) Prepare, O men of Zion, and fear not. Let Zion put on her beautiful garments. Let us put on the full armor of God. Let us be pure in heart, love mercy, be just, and stand in holy places

May you find peace and unquestionable wisdom in the words of the prophets and the promptings of the Spirit in these latter days.

For any questions or comments on this article, please leave a comment on the blog site so that everyone can benefit!


Copyright Protected 2011, Kellene Bishop. All Rights Reserved. No portion of any content on this site may be duplicated, transferred, copied, or published without written permission from the author. However, you are welcome to provide a link to the content on your site or in your written works.


10 responses to “The Real Reason Behind the Federal Reserve’s Statement

  1. WOW!!!!!!!

  2. What a gift you have for revealing the hidden things. Thank you.

  3. I need to frame this entire article to read it and be reminded of my goals EVERY DAY! Thank you, Kellene.

  4. Some of these quotes I have never heard before. I love the one by Brigham Young, ““The time will come that gold will hold no comparison in value to a bushel of wheat.” Wow. Very interesting considering the events we are all witnessing today.

  5. Timely and great insight Kellene.

  6. Granted Kellene B. is well informed; but I appreciate her referring to the writing of the Apostles of the Church Of Jesus Christ Of Latter-Day Saints. Those of us that follow their ” inspired words” closely, will reap the blessings.

  7. Are you still doing the blogs? The newest I found is Aug 2011. I would be disappointed if you stopped.

    • I’m ALWAYS doing blogs, but I’m swamped in trying to keep up with the Preparedness Pro blog as we’ve been ramping up for the National Geographic Channels’ show, “Doomsday Preppers”. (Airing Feb. 7th on National Geographic Channel) It’s been surprising how busy it’s been keeping me. I don’t always get the time I need to write about the state of the nation, but certainly am working on it. Thanks for your kind words.

  8. Thank You and I do pray everyone has prepared. The D&C also talks about a great hail storm will destroy the crops of the earth. And look at the weather and all the things going on with the forces of nature when people dont listen to the phrophets God speaks with the thunder and lightening all the forces of nature..

  9. Doctrine and Covenants (D&C) 29:16 : “AND THERE SHALL BE A GREAT HAIL-STORM FORTH TO DESTROY THE CROPS OF THE EARTH”. Also read verse 17 because it talks about the wickedness…ect

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