The signs are everywhere. All across the globe we see signs of economic trouble. Despite a rosy picture being painted by Washington, the American economy is hardly a healthy one. Official US government statistics puts the unemployment rate at 5.3%. If it were only true! The reality is that in one way or another, the books have been cooked. As most know by now, as people run out of unemployment benefits they are taken out of the equation. It is deemed that they’ve stopped looking for work, so they are no longer part of the equation. A more accurate unemployment rate, the U6, puts unemployment right now at over 11%.[i] In addition the Labor Force Participation rate is tanking. That means the number of folks even looking for work is dropping precipitously. That rate stands at just below 63%, the lowest its been since 1978 during the malaise of the Carter administration.[ii] Despite the smoke and mirrors, this is not a healthy economy; either in the United States or in the world at large. But there are some very specific areas of concern. And that’s what we’ll look at today.
THE CRISIS IN GREECE – It’s all about Greece….and it isn’t. The whole thing with the Greeks has been going on since about 2010 – fallout from the last major financial crisis that shook the world. Athens had been understating its debt. When it admitted that fact they found themselves suddenly shut out of the lending markets. Desperate for cash to keep the government afloat – they eventually received two major bailouts from the EU that came along with severe austerity measures. In the years that followed the Greek economy imploded shrinking by about 25% with unemployment rising to about the same level. Now the most recent development is that the public has rejected the latest bailout offered by the EU – coming as it did with even more austerity measures. This was a victory for the government in Athens but it comes with a built in danger. That danger is real default.
As of now Greece has fallen behind in payments – but its main creditor, the IMF, is callig this “arrears” – and though it is technically a default – the real danger lies ahead. As the New York Times reported earlier this week: “The next major deadline for Greece is in late July, when a 3.5 billion euro payment that Greece owes the European Central Bank comes due. The E.C.B. on Monday said it would continue to make 89 billion euros, or about $98.4 billion, in emergency loans available to Greek banks. It is enough to keep the banks from failing but not enough to prevent them from running out of cash that they can issue to depositors within a few days.”[iii] And now the pressure has actually been ramped up by the European Union. They’ve given the Greeks until today, Sunday, July 12th to settle the issue. A deal must be reached by the end of that date or it’s on to Plan B – and that could mean that Greece gest scrubbed from the Euorozone. EU President Donald Tusk but it thus: “Our inability to find agreement may lead to the bankruptcy of Greece and the insolvency of its banking system. If someone has any illusions that it will not be so, they are naive.”[iv] Analyst Michael Snyder of The Economic Collapse predicts that if Greece if forced out of the EU: “European stocks will crash, European bond yields will go crazy, major banks all over Europe will be shaken, and the euro will drop like a rock.”[v]
WILKERSON’S WORD – This brings to mind a prophetic word given by the late Rev David Wilkerson, whose statemenst on other subjects have proven so eerily accurate over the years. This came during a 1994 sermon, and this newsletter has covered this subject on a few occassions over the years. In light of current events it is time to review Rev Wilkerson’s words again. At that time he said that the crisis would begin when “a European or North African or Eastern nation….[defaulted] on its international loan and when that happens, within two weeks, Mexico is going to default.” He went on to explain. “Here’s what is going to happen: about two weeks after the first country goes bankrupt, (we’re going to survive that, because most of that (money of the first country) is owed to European banks—German, Swiss and French banks) but a second country is going to go down, probably Argentina or Brazil, and we’ll kind of live that down and say: ‘Well, maybe it’s not going to hurt,’ but two weeks after the first country goes down, Mexico’s going to default on $100 billion. And when the banks open the next day at 9 in the morning, $15 billion an hour is going to be withdrawn from our American banks -they’re going to be running our banks—the Arabs—all the Latin American countries, they’re going to be running our banks–and before the day is over, the USA is going to have to declare a ‘bank holiday.’”
Wilkersons’ vision went beyond the mere financial crisis. Before his death he foresaw a total unraveling of the social fabric of the nation. “And we’re going into six months of the worst hell America has ever seen—there’s going to be chaos—not even the National Guard’s going to be able to quiet it down—we’re going to have to call out the whole US Army.” [Could this be the purpose of the Jade Helm exercise set to begin in mere days?]
“I was in Macy’s in a vision, and I saw people walking around stunned because they couldn’t get their money out of the bank.
Now I’m going to give you a word of advice, the first country goes bankrupt—I’ve documented this and I’ve got it sealed in an envelope, and I’m going to call all my friends and I’m telling you—this is the first time I’ve said it in a public meeting like this—but the first country that bellies up, you go get every dime you have—church get your money out of the bank–because there’s going to be a ‘bank holiday’ and you won’t be able to get a dime for six months. Now, of course, there’s going to be -restored, but the nation will never be like it is again. There’s going to be fear like we’ve never known—judgment at the door. When I was at Macy’s Dept. store in a vision and I watched people walking around stunned, they didn’t know what to do, they didn’t know what was happening; then a bunch of people walked into Macy’s and suddenly went wild and began to steal and within an hour everybody—I saw the spirit of everybody in the store—they were robbing and stealing—they raped Macy’s and destroyed five floors—Macy’s was raped and ruined in a period of an hour or two.”[vi] You can do with this what you like. But Rev Wikerson’s integrity and accuracy speak for themselves. And it sure does sound a lot like this could be describing the current Greek crisis.
FINANCIAL FALLOUT – And then there’s China. Chinese stock markets have been in free fall for several weeks now, with some indices dropping between 30% to 40% during that period. This came about as Beijing was doing “what the Fed, Bank of Japan, ECB, and Bank of England have done — i.e., goose their stock market to try and boost their economy — and it appears to have blown up in their face.” (So reports King World News)[vii] The Chinese responded by banning major stockholers from selling off their shares for a period of 6 months.[viii] And with Chinese stocks plummeting Wednesday, the New York Stock Exchange – (coincidentally, I’m sure) – shut down trading for a period of 4 hours.[ix] All this takes on special interest in the light of some very interesting reports regarding future developments in the currency markets.
THE END OF THE DOLLAR WE KNOW – Let’s start with this: The dollar has been in long term collapse since the establishment of the Federal Reserve about 100 years ago. Gregory Mannarino describes it as the “US Dollar Death Spiral.” This long-term downward trend is due to the fact that “we have a runaway central bank (The Federal Reserve) who continues to print dollars/add them to a digital screen at a blinding pace.”[x] So it has become very interesting that by this Fall, the dollar could be dealt a blow that would knock it off its perch as the world’s reserve currency. Stansberry Research puts it like this: “On Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight.”[xi] This dollar alternative will likely consist of a basket of currencies – and it is no accident. Nor is it merely the natural reaction to changing circumstances – though it could be argued it is all of that. [The circumstances you see, have been engineered.] No, this is an attempt, in the words of Brandon Smith, to achieve a long planned for endgame. “The goal of the endgame: to remove the dollar’s world reserve status and to pressure the American people into conforming or even begging for centralized administration of our economy by the IMF.”[xii] Now all that money flying around will result in picking the winners and losers for perhaps decades to come and will be one of the “most profound transfers of wealth in our lifetime.”[xiii]
Now the Chinese have been attempting to engineer this change for years. Beijing has been gathering massive amounts of gold – to set up their currency as the primary challenger to dollar supremacy. And they’ve already made bi-lateral arrangements with over 20 nations to by-pass the dollar and use local currencies instead.[xiv] Quite the accomplishment. But the fact is that the Chinese – or any other nation – must be seen as mere tools of the financial Powers-That-Be. In fact, even the heads of the globes central banks are mere instruments of the Power Elite. Carrol Quigley was the only historian allowed into the inner circles of the international puppet masters. Here’s his take.
“It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful and more secret than that of their agents in the central banks.”[xv] So under the dominance of the International Bankers – (think Rothschilds, Warburgs & Rockefellers etc) – the various agents are working to “to consolidate all currency systems and central banks under the outward control of the International Monetary Fund and the Bank Of International Settlements.”[xvi]
THE REAL PURPOSE OF THE END GAME – It is interesting that the One World Government that will be established by the Antichrist will unite the world in the realms of politics, religion and economics. The Bible tells us that there will be a cashless society, established under the auspices of the False Prophet. That cashless society is exactly what the Global Elite are working toward right now. “Then I saw another beast coming up out of the earth, and he had two horns like a lamb and spoke like a dragon. And he exercises all the authority of the first beast in his presence, and causes the earth and those who dwell in it to worship the first beast, whose deadly wound was healed. He performs great signs, so that he even makes fire come down from heaven on the earth in the sight of men. And he deceives those who dwell on the earth by those signs which he was granted to do in the sight of the beast, telling those who dwell on the earth to make an image to the beast who was wounded by the sword and lived. He was granted power to give breath to the image of the beast, that the image of the beast should both speak and cause as many as would not worship the image of the beast to be killed. He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” (Revelation 13:11-17)
THE TIMING OF THE THING: THE BLOOD MOONS – While so many economists and market anlaysts are warning of a looming financial crash and economic crisis we cannot know exactly when it will come. Many of them are pointing toward a September or October time frame. So that’s kind of the secular take on things. Then there’s the phenomenon of the Blood Moons. It began in April of 2014 and will conclude in October of this year. Taken in its totality it has occurred only seven times before since the Christ’s first appearance. This will be the eighth time. Researchers Alf and Julie Saunders describe it thus: “NASA found that we have had ‘blood-red moons’ on the first day of Passover and the first day of Sukkoth on back-to-back years seven times since 1 A.D. Three of these occurrences were connected to 1492 (the final year of the Spanish Inquisition), 1948 (statehood for Israel and the War of Independence), and 1967 (the Six-Day War) — some of the most significant days in Jewish history. According to NASA – Four ‘blood-red’ TOTAL lunar eclipses WILL fall again on Passover and Sukkoth in 2014 and 2015… the same back-to-back occurrences at the time of 1492, 1948 and 1967.”[xvii]
This is not just superstitious nonsense. The Scriptures teach that signs in the heavens are used by God to communicate portents and warnings. Christ confirmed the same. As recorded in Luke 21:25, Jesus said: “And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring.” Christ was talking about events that would directly precede His return to the world to mete judgment on the nations. God told us way back in Genesis that one of the purposes for the creation of the heavenly bodies – (Sun, Moon and stars) – was to serve as signs in the sky of events to come. “And God said, Let there be lights in the firmament of the heaven to divide the day from the night; and let them be for signs, and for seasons, and for days, and years.” (Genesis 1:14) Referring specifically to the Time of the End, the Prophet Joel warned us: “The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD comes.” (Joel 2:31)
Michael Edds goes farther. “The unprecedented lunar and solar eclipses in 2014-15 have additional phenomena added to them…. the Sabbatical Year and the Year of Jubilee! God prescribed a time of rest for man and the earth in the laws given to Moses long ago. God decreed that the 7th day of the week would be a Sabbath day of rest. The 7th year (Shmita) was to be a Sabbath rest year and the 7th Shmita (the 49th year) was to be a Sabbatical Year. The year following, the 50th year was to be the Year of Jubilee. During the Jubilee, all debts were to be cancelled, slaves set free and all land lost was to be restored. History records the last Sabbatical year (49th year) occurred in 1965-66. The next year 1966-67, was the Year of Jubilee. During this Jubilee, Israel recaptured Jerusalem in the Six Day War!! 2014-2015 is the Jewish Sabbatical Year! 2015-2016 is the Year of Jubilee! With these added to the blood moons and the solar eclipses, God is sending a very BIG message to earth!”[xviii]
THE TIMING OF THE THING: THE SHEMITAH – Enter Rabbi Jonathan Cahn, the chief promoter of the theory of the Shemitah’s affect on economic and geopolitical events. “The Shemitah is an ancient mystery going back over three thousand years that goes back to Moses and Mt Sinai, affecting everything from 9/11 to the rise and fall of the economy to the crashing of the stock market to the rise and fall of nations; everything from World War I, World War II, what is happening right now and what will happen. It is the most precise, mind boggling, biblical mystery and it’s coming true now.”[xix] The story of the Shemitah is long and uncannily haunting. Let us begin with the scripture found in Leviticus 25:2-4. “Speak to the children of Israel, and say to them: ‘When you come into the land which I give you, then the land shall keep a sabbath to the Lord. Six years you shall sow your field, and six years you shall prune your vineyard, and gather its fruit; but in the seventh year there shall be a sabbath of solemn rest for the land, a sabbath to the Lord. You shall neither sow your field nor prune your vineyard.’” Though given for the benefit of the nation, the ancient Israelites began to defy God’s ordinance. Thus it was in 586 BC, that the time of Israel’s captivity in Babylon was precisely “timed to how many Shemitahs they broke.” As it turns out, the occurrence of these seven-year cycles – and the more comprehensive Jubilee cycle (50 years consisting of 7 Sabbath year cycles and a Jubilee year), mark some very important events on the historical / biblical calendar. Some of these Sabbath year occurrences include; the timing of the Exodus, the destruction of the First Temple, the laying of the foundation for the Second Temple, the end of the 70 years of the Babylonian Exile, and the birth of Yeshua (Jesus).
Rabbi Cahn has found that the principle found in the Shemitah – though intended for ancient Israel – has been in operation in America – the only other nation to have been dedicated to God – at numerous stages of its founding. (Jamestown, Mayflower Compact, Washington’s First Inauguration etc.) He found that the five great economic collapses of the last 40 years occurred – not only in the year of the Shemitah – but also in the time of year that the Sabbath year was ending. Jonathan Cahn explained: “Every seventh year – on the last day of Shemitah, Elul 29 – all credit is wiped away. The financial accounts of a nation are wiped clean.” You see, the Shemitah affects the economy and the timing of recessions and depressions. God meant this concept as a blessing. But when a nation turns against God – as Israel did – “it comes back as a judgment on a nation that’s driving God out of its life.” Those five great economic collapses were timed to the Shemitah; 1973 (the year the US legalized abortion), 1980, 1987, 2001 (post 9/11) and 2008. Each one was “separated by a seven-year period. All linked to the year of the Shemitah.”[xx] As World Net Daily puts it: The collapses of 2001 and 2008 “coincided precisely with the exact end of the Shemitah year on the Hebrew calendar day of Elul 29.”[xxi] In fact, the three greatest crashes in American history were related to the Shemitah. Look at the recession of 1937-38. The Shemitah begins and the “next day Wall Street collapses.” In 2008, the Great Recession began on the very day of the Shemitah. Even the Great Depression saw the greatest month long collapse in American history – immediately following the Shemitah.
Rabbi Cahn goes on to explain the significance of what happened on September 11, 2001. Those towers fell at the “peak of the Shemitah.” The collapse of the World Trade Center – (representing the pride of the nation as well as its economic power) – caused the collapse of Wall Street 7 days later. That crash came exactly on the Hebrew day Elul 29; the final day of the Shemitah. It struck at the New York Stock Exchange first. The Exchange was founded not far from the site of the attacks in 1792, under a Buttonwood tree also known as a Sycamore. It was known as the Buttonwood Agreement. Now a Sycamore was uprooted in the 9/11 attack, sitting on the grounds of St Paul’s Chapel, the very site where this nation was dedicated to God. After the attacks that Sycamore became a symbol; but of what? Recall the words of Isaiah 9:10. “The bricks have fallen down, But we will rebuild with hewn stones; The sycamores are cut down, But we will replace them with cedars.” In the years that followed all of the conditions of that prophecy were fulfilled. The bricks fell on 9/11. They were replaced with a “hewn stone” in 2004. A cedar had replaced the fallen sycamore in the previous year. That fallen sycamore represented the financial foundation of America. So its uprooting represents a blow at the foundation of the strength of the nation; its financial prowess.[xxii]
But it didn’t stop with the events of 2001. It also marked the financial crash of 2008-2009. That seven year cycle that ended September 29, 2008, began on September 17, 2001 – the very day of the crash of 2001 – which followed and was caused by the 9/11 terror attacks. So that seven year period began and ended with the two greatest stock crashes in history. Jonathan Cahn believes that this was the ‘letting fall’ of the American Economic Order. And fall it did – in quite the dramatic fashion. As the sun went down on September 29, 2008, it was the beginning of the Hebrew month of Tishri. Congress had just rejected a $700 billion bailout plan. This was followed immediately by a 7% fall in the Dow Jones average – representing exactly a 777 point drop. All of this occurring on exactly the final day of the 7th year, the actual day of the Shemitah. In fact the crash happened to the very minute, the very second of Shemitah.
Now while Rabbi Cahn sees it as a warning to America, he is careful to make certain that we know that the Shemitah does not bring judgment each and every time. As he puts it: “God does not have to do anything.” However, by its actions and its interests, this nation is steadily moving toward judgment. Now the next Shemitah year began September 25, 2014. It is usual that not very much happens at the beginning – but that it gathers momentum as the year draws to a close. According to the Hebrew calendar, the Shemitah will end on Elul 29 – or September 13, 2015. The last time solar eclipse happened on Elul 29, it marked greatest wipe out of wealth in history up to that point (1987). The Messianic Rabbi believes that America is facing a time of great shaking. “Anything that can be shaken, will be shaken, He warns. Here’s the recent history. Seven Shemitahs represent 49 years and are followed by a Year of Jubilee; marking a time of restoration. 2000 years ago, Israel lost its inheritance. The restoration started in 1917, during the Great War, when the Balfour Declaration declared the intention of restoring Israel back to the land, creating a homeland for the Jews. One Jubilee later leads us to 1967. That marked the restoration of Jerusalem.[xxiii] The next Jubilee year begins in September of 2015. We cannot know if this will mark some significant prophetic event. But there are the signs. And we must be prepared.
[i] What Is the Real Unemployment Rate?, http://useconomy.about.com/od/suppl1/f/real_unemployment_rate.htm, viewed July 10, 2015
[ii] 62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months, CNS News, March 6, 2015
[iii] Greece’s Debt Crisis Explained, New York Times, July 8, 2015
[iv] Merkel Mocks Greece And The Referendum, Zero Hedge, July 7, 2015
[v] Michael Snyder, EU Makes Greece ‘An Offer They Can’t Refuse’, The Economic Collapse, July 7, 2015
[vi] ‘It’s About To Happen – Very Soon’ – 1994 Rev. David Wilkerson Sermon Warned Of Greece And What Comes Next,
All News Pipeline, June 25, 2015
[vii] China’s Stock Market Crash Rattles Confidence Across The Globe As NYSE Trading Halted!, King World News, July 8, 2015
[viii] China Bans Stock Sales by Major Shareholders for Six Months, Bloomberg, July 8, 2015
[ix] Susan Duclos, Global Chaos Reigns As Collapse Begins, All News Pipeline, July 8, 2015
[x] Gregory Mannarino, Proof Of The Continuing US Dollar Death Spiral, Seeking Alpha, July 7, 2015
[xi] Kelly Brown, First Look: U.S. Dollar Substitute to Go Public on Oct 20th?, Stansberry Research / The Crux, April 23, 2015
[xii] Brandon Smith, IMF Now Ready To Slam The Door On The U.S. And The Dollar, Alt-Market, December 17, 2014
[xiii] Kelly Brown, First Look: U.S. Dollar Substitute to Go Public on Oct 20th?, Stansberry Research / The Crux, April 23, 2015
[xiv] Kelly Brown, Shocking Consequences of IMF’s October Announcement?, Stansberry Research, May 30, 2015
[xv] Carroll Quigley, Tragedy and Hope, 1966, pg 326-327
[xvi] Brandon Smith, IMF Now Ready To Slam The Door On The U.S. And The Dollar, Alt-Market, December 17, 2014
[xvii] Alf & Julie Saunders, The Coming Blood Moons, Pray 4 Zion, viewed July 20, 2013
[xviii] Michael Edds, 2014 – 2016: A Message From The Heavens, The Final Great Awakening, viewed July 20, 2013
[xix] Jonathan Cahn, on the Sid Roth Show: It’s Supernatural, September 1, 2014
[xx] Jonathan Cahn, on the Sid Roth Show: It’s Supernatural, September 1, 2014
[xxi] Holy Shemitah! Bible cycle unlocks U.S. future, World Net Daily, September 1, 2014
[xxii] Jonathan Cahn, on the Sid Roth Show: It’s Supernatural, September 1, 2014
[xxiii] Jonathan Cahn, on the Sid Roth Show: It’s Supernatural, September 1, 2014