“Now my advice to you is to use ‘money’, tainted as it is, to make yourselves friends, so that when it comes to an end, they may welcome you into eternal habitations.” – Jesus Christ
(Luke 16:9 J.B. Philipps New Testament)
They say that “money makes the world go around.” If that is true, what happens when money fails?
On September 11th, 2001, the world was shocked when New York City’s landmark Twin Towers were brought down in a horrific crash of steel and glass. One other terrorist-piloted kamikaze exploded into the Pentagon and another crashed in the countryside. A mere 19 Islamic jihadists who had hijacked four passenger jets and used the fuel-laden planes as guided missiles plunged the nation into an unprecedented emergency. A month later the United States launched its so-called “war on terror,” which continues to this day.
In the immediate aftermath of 9-11 Wall Street was shut down for the week. There was fear that the jarring attack would create a selling panic and collapse the stock market and the Dollar. In response the Federal Reserve quickly lowered interest rates to pump liquidity into the financial system when the markets were reopened. As a result no panic ensued and a crash was avoided. And the world kept on turning.
But in 2008 Manhattan was the epicenter of a metaphoric crash. Within the span of seven months two venerable Wall Street investment banks collapsed. First was Bear Stearns. Then in September Lehman Brothers went kablooey. It was the crash of Lehmans that sent shudders rippling through the international financial structure. Supposedly the global banking network came within a few hours of simply seizing up, prompting then-president Bush to tell congress: “This sucker could go down.” But the American taxpayers were called upon to bailout the bankers and save the day. And the world kept turning.
Since that near-crash and the ongoing multi-trillion dollar bailout that has followed, and the strategy the central banks have pursued since then of coordinated, incremental lowering of overnight borrowing costs for the big banks and associated hedge funds, the London/EU/Wall Street nexus have until now averted catastrophe. Perhaps “forestalled” would be a better way to word it.
But after infusing trillions upon trillions into the system over the past eight years the banks are back to where they were before. But it is even worse now, much, much worse; considering that the size of the debt and associated derivatives has increased to levels far beyond 2008, while the actual, physical economy is shrinking at an accelerating rate. The size of the virtually unregulated derivatives market is supposedly approaching 2 quadrillion dollars. A number so huge it is almost beyond comprehension. (What does $100 Trillion Look Like? YouTube)
To demonstrate the prevailing insanity of Wall Street, just five of the big banks have the greatest derivatives exposure ($250 trillion) and therefore they carry the greatest risk, not only to themselves, but they pose what is called a systemic risk. In other words, one big bank can take down the whole system. But supposedly to offset the risk of contagion the banks buy and sell “insurance” in the form of credit default swaps, interest rate swaps, and a variety of other derivatives. With whom do they buy and sell counter-party contracts to offset risk? From the other big banks who are similarly exposed to the very same risks! Imagine, bankrupt banks all guaranteeing each others’ solvency! And this is the system that people entrust with their life’s savings!
Whereas, the last crises was blamed on oversold mortgages and financial instruments associated with them called “mortgage-backed securities,” since 2009 more than $13 trillion has has gone into “junk bonds,” high interest-bearing, but risky debt. The junk bonds debt is now collapsing. Some hedge funds that deal in junk have had to “gate” their investors to prevent them from withdrawing their money and hastening the collapse.
Also, a torrent of cheap money has flooded into the energy sector in North America —specifically, into the process of extracting fossil fuels from shale. Once hailed as an economic miracle, the recent collapse of the price of oil and natural gas has created a nightmare for the producers and investors and their creditors. That is because the extraction of oil from shale and the practice of fracking is very expensive. It was marginally profitable when oil cost $100 per barrel. Now that the price has crashed to $35-40 level there is no way shale production can continue as a viable business. As for natural gas producers, a warm winter in North America is contributing to oversupply and a possible meltdown of the whole industry. The accountants bottomline: It is not possible for the producers to service the hundreds of billions of dollars they owe to investors and creditors. That means the foundational cards of the proverbial house of cards are about to be yanked.
Maybe a sudden and prolonged cold snap can save the natural gas producers in North America. Or maybe not. And maybe a full-scale war in the Middle East that would target oil refineries might cause the price of oil to spike higher. But, alas, a shooting war between nuclear powers would almost certainly create a stampede and crash the stock and bond markets.
Concurrent with the ongoing collapse of the energy sector, the global economy has swiftly decelerated. This is reflected in the collapse of the cost of shipping, measured by the so-called Baltic Dry Index.
It is only a matter of time until the next crises erupts — probably only a very short while. Only when the next crisis hits the central banks will not be able to lower interest rates, since they already are effectively at zero. In fact, some analysts fear that at this point even a small increase in bank rates will trigger a massive landslide of the mountain of accumulated debt. No doubt we have, at last, arrived at the end game for the entire debt-gorged system. (BIS warns of “uneasy calm in markets before debt storm)
And another direct taxpayer bailout will be politically impossible. What is likely to happen then?
One likely scenario is that the banks will implement what is called a “bail-in.” It has already been tested in Cypress and just recently in Italy.
What is a “bail-in,” exactly? It is when the banks turn on their depositors, confiscating their funds on deposit. But even the confiscation of every penny on deposit could not offset the trillions upon trillions of fictitious debt the City of London and Wall Street intends to impose upon the Europe and America.
Nevertheless, as of January 1st, 2016, the bail-in has become the law in Euroland. It is already law in the US via the recently imposed Dodd-Frank bill. It is now perfectly legal for banks to confiscate the funds untrusted to them on deposit.
And whereas, in the United States the Federal Deposit Insurance Corporation (FDIC), which was established during the Great Depression to mitigate the hardship banks imposed on the population, guarantees all deposits up to $250,000, this time the federal government will not be able to stand in the gap.
For one thing, the “gap” will be enormous. And besides, America is also broke and deeply in debt. Counting so-called unfunded liabilities the US owes well over 100 trillion dollars. It is an unpayable obligation under the present conditions. But the central banks of the world also have massive balance sheets totaling trillions of dollars.
Taking their gargantuan derivatives portfolios into account, the blowout of one “too-big-to-fail” bank would easily overwhelm the global banking system. Simply put, there isn’t enough money in the world to keep the system going indefinitely.
Of course, the short term solution to that problem is always to print more money. And let’s be realistic, “printing” official paper money isn’t even required nowadays. Modern money is simply made out of of 1’s and 0’s, just like the webpage you are reading at the moment. In any case, whether paper money or computer-generated bytes, the more money that is created the less it is worth — meaning, the less it can buy. The end result will be that money will rapidly become worth less and less, until it becomes worthless. That is what is known as hyperinflation. And once it is unleashed due to the electronic interconnectivity of everything and the massive leverage involved in the big players, it will not be a gradual, prolonged process. More or less overnight, a few days or weeks at most, money will simply vanish. That is because in reality today’s money is as ephemeral as a child’s soap bubble. And once it pops it is gone.
While the Money Masters have skillfully been able to keep the debt bubble from bursting so far, it is out of the question that they will be able to do so indefinitely. And for a certainty, they have no intention of even trying to do so. The scheme of the small clique of bankers who wield control over the financial system is to destroy civilization. (Global Derivatives – $1.5 Quadrillion Time Bomb)
And that brings us to the point — Bible prophecy regarding the future.
Although nobody knows the day or hour, in view of the fact that the money complex that dominates the world is destined for certain oblivion at a particular point in time and the impact of that inevitable implosion will be no less than catastrophic — as if the world suddenly stops turning — surely, the God who knows the finale from the beginning has something to say about it. And, indeed, he does. Consider a few portions of prophecy:
“INTO THE STREETS THEY WILL THROW THEIR SILVER”
“Into the streets they will throw their very silver, and an abhorrent thing their own gold will become. Neither their silver nor their gold will be able to deliver them in the day of Jehovah’s fury.” — Ezekiel 7:19
“Neither their silver nor their gold will be able to deliver them in the day of Jehovah’s fury; but by the fire of his zeal the whole earth will be devoured, because he will make an extermination, indeed a terrible one, of all the inhabitants of the earth.” – Zephaniah 1:18
Those unacquainted with the far-reaching nature of the shadows cast by God’s prophetic word may erroneously conclude that the Hebrew prophecies have no relevance for the modern world. But the fact that the destruction of Jerusalem is described as the day of Jehovah’s rage and is portrayed as a global, extermination event, indicates otherwise.
But even Jehovah’s Witnesses, being indoctrinated into the Watchtower’s unique perspective, fail to grasp the true message and significance of the prophets. How could it be otherwise since their only source of accepted interpretation is the very institution against which the prophecies are directed!
As regards the passages of prophecy cited above, the Watchtower has deluded Jehovah’s Witnesses into supposing that their throwing their gold into the streets is what will happen at Armageddon. There is really not much thought given to it.
But the commonality of Zephaniah and Ezekiel is that those prophecies were written before Jerusalem was destroyed by Babylon. And being the site of Jehovah’s temple — what the Watchtower might call ‘the center of true worship’ — Jerusalem was the place where Jehovah caused his name to reside. As such “Jerusalem” typifies the spiritual temple in the Christian era, that which is connected to the Jerusalem above. And by extension it encompasses what is regarded as Jehovah’s visible, earthly organization. In point of fact, the desolation of “Jerusalem” is the central feature of what Jesus foretold would occur during the conclusion of the system.
But what is foreshadowed by the ruthless Chaldean armies that originally plundered Jerusalem and razed Jehovah’s temple to the ground?
It is well to keep in mind that Nebuchadnezzar did not merely conquer Judah. The Babylonian Empire plundered and subjugated a large part of what is now called the Middle East and South Asia. And it is no minor, insignificant detail that Jehovah sanctioned Babylon as his executioner. Or, a the freshly minted New World Translation says of Babylon at Habakkuk 1:12: “O Jehovah, you appointed them to execute judgment; my Rock, you established them for punishment.”
First Babylon overthrew Assyria, which had been the dominant power in the region. Then Pharaoh Necho and the Egyptian army were defeated at the decisive battle of Carchemish. That battle was strategically significant because the defeat of Egypt opened the way for Babylon to sweep south (from out of the north) and smash all the nations in the region, including Tyre, Moab, Ammon, Edom, and of course, Judah. Ultimately, Egypt was completely subjugated by Babylon. All of this was foretold in detail in various Hebrew prophecies.
But the prophecies indicate that Babylon’s conquest of those ancient nations foreshadows something far more profound that is to occur during the conclusion. That is apparent from the 13th chapter of Isaiah, which states: “Listen! A crowd in the mountains; it sounds like a numerous people! Listen! The uproar of kingdoms, of nations gathered together! Jehovah of armies is mustering the army for war. They are coming from a distant land, from the extremity of the heavens, Jehovah and the weapons of his wrath, to bring ruin to all the earth. Wail, for the day of Jehovah is near! It will come as a destruction from the Almighty.”
How do we know the ruination of the nations wrought by Babylon pictures what is to occur in the future? Because not only does the prophecy indicate it is a precursor to the day of Jehovah, but Isaiah 13:10 uses the very same symbolism Jesus used when he spoke of apocalyptic events that will occur during the conclusion. That verse In Isaiah reads: “For the stars of the heavens and their constellations will not give off their light; the sun will be dark when it rises, and the moon will not shed its light.”
Not only did Jesus use similar phraseology, but the book of Revelation describes the crash of the system in similar terms, saying: “And I saw when he opened the sixth seal, and a great earthquake occurred; and the sun became black as sackcloth made of hair, and the entire moon became as blood, and the stars of heaven fell to the earth as when a fig tree shaken by a high wind drops its unripe figs.”
Whereas, the Watchtower implies that the ruthless Chaldean plunderers foreshadow Jesus and the angels, such is not the case. Actually, Babylon’s conqueror — Cyrus, the Persian — typifies Christ. That is why in the prophecy of Isaiah Jehovah refers to Cyrus as “my anointed one.” And the context of the 13th chapter of Isaiah depicts the overthrow of Babylon by Persia as occurring after Babylon has served as Jehovah’s weapon to express his wrath and “bring ruin to all the earth.” Again, What does Babylon symbolize?
Babylon represents the last kingdom of man, known variously in related prophecies as the eighth king, the fierce looking king and the king of the north.
“HE WILL RULE OVER THE HIDDEN TREASURES OF GOLD…”
As regards the operations of the prophetic king of the north during the time of the end, also known as the conclusion of the system of things, Daniel 11:41-43 states: “He will also enter into the land of the Decoration, and many lands will be made to stumble. But these are the ones that will escape out of his hand: Edom and Moab and the main part of the Ammonites. And he will keep thrusting out his hand against the lands; and as regards the land of Egypt, she will not escape. And he will rule over the hidden treasures of gold and silver and over all the desirable things of Egypt.”
Although since the collapse of the USSR the Watchtower openly admits that it doesn’t have a clue who the king of the north is at this present time, and some of Jehovah’s Witnesses have apparently felt compelled to concoct their own cockamamie interpretations to fill the void, the most relevant fact to take into consideration is that the time of the end did not begin in 1914. But because Jehovah’s Witnesses are laboring under the delusion that it has, they have no vantage point from which to perceive the things to come.
Just as Edom, Moab and Ammon are obviously symbolic given the fact that those three nations ceased to exist long ago, Egypt is symbolic too. As the Watchtower has rightly pointed out, because Egypt was the original king of the south in the aftermath of the breakup of Alexander’s empire, “Egypt” is the alias for the king of the south during the time of the end.
The prophecy is really foretelling the final confrontation between the British imperial system and the American system of sovereign nations.
London has been the capital seat of the Neo-Roman Empire for nearly two and a half centuries. Although the British Empire has invaded nine out of 10 countries in the world, and still possesses considerable military and political power, especially considering its alliances such as NATO and the Saudi/Arab connection, its power is exerted primarily through the financial and monetary system centered in the City of London and Wall Street and through a network of predatory institutions like Lord Rothschild’s Inter-Alpha Group of banks, the IMF, the World Bank, the BIS, and the cartel of central banks of the world. By means of this monetary and financial system London exerts tremendous control over the nations.
But a system that relies upon wealth extraction rather than wealth production is ultimately doomed to fail when the wealth has all been plundered. That is the point at which the time of the end begins. It is doubtful that anyone who owns physical gold or silver will literally throw it into the street, it is quite likely that paper money will be discarded when the various currencies of the world become non-negotiable — hence, worthless. Then the only real currency will be gold and silver and the commodities necessary for life, like oil, gas, water, etc; the hidden treasures
As an extension of imperial control the banks will then have served their purpose. Indeed, as one banker admitted: They are doing God’s work. And God’s work involves bringing the world to its knees. When money becomes worthless the debts owed the banks will be acted upon as legitimate claims. But since no one will have the money to repay the banks, they will seize any and all physical assets. Any gold held by sovereign nations will be taken as collateral. Oil in the ground will be claimed as payment for debt. Hence, although the London banking system itself will go under, it will have served the purpose of destroying entire nations and enslaving the world to a totalitarian master.