In our last installment we looked at the economic struggle that is being quietly played out between America and the Western Allies on one hand – and Russia, China and their toadies on the other. It is a dangerous game that is being played and the consequences could turn deadly…..in a massive way. In today’s offering we’ll look at what the world’s best futurists and prognosticators have to say about the prospects for 2015. In the process we’ll be hearing from some old friends, including Gerald Celente and the folks at the European think tank, LEAP 2020.
WHAT SAYETH THE SAYERS OF SOOTH ?
“The Lord has sent a message against Jacob; it will fall on Israel. All the people will know it— Ephraim and the inhabitants of Samaria— who say with pride and arrogance of heart, ‘The bricks have fallen down, but we will rebuild with dressed stone; the fig trees have been felled, but we will replace them with cedars.’” (Isaiah 9:8-10)
America has been operating “with pride and arrogance of heart” since at least the end of World War II. We are setting aside God’s Laws in favor of our own interpretations. We have murdered tens of millions of the unborn; little boys and little girls that will never be. America, that had been founded on the worship of the God of the Bible, is now ashamed to name Him as its sovereign. There was a similar time in Israel, the original and only other nation founded for the purpose of serving God. In 2Chronicles 7:19-22 we see God’s solemn warning for the people that reject His ways. “‘But if you turn away and forsake My statutes and My commandments which I have set before you, and go and serve other gods, and worship them, then I will uproot them from My land which I have given them; and this house which I have sanctified for My name I will cast out of My sight, and will make it a proverb and a byword among all peoples. … ‘Why has the LORD done thus to this land and this house?’ Then they will answer, ‘Because they forsook the LORD God of their fathers.’”
Messianic Rabbi Jonathan Cahn has written of the pattern of judgment that fell on America beginning with the attacks of September 11, 2001. The second installment came 7 years later with the onset of the financial calamity that began in September of 2008. The end of these seven year periods fell on the Hebrew day called the Shemitah. The financial freefalls that occurred in 2001 and 2008 fell exactly on those Hebrew days that marked the end of a cycle in which all debts were to be cancelled. September of 2015 will see the end of another cycle. Cahn asks if we may be in for another round of financial collapse. And now the secular financial experts are beginning to chime in with their predictions of massive economic upheaval for the coming year.
We’ll start with John Ing, who was brought in by the Chinese government to brief officials there on the unfolding situation. In an interview with King World News, Ing said: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was. So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.” He then went on to discuss the currency situation and the vulnerability of the US dollar. “We only have to look at Russia and Venezuela to see we have the beginning of a series of catastrophic sovereign defaults in the wings. Right now the world seems content to keep their foreign exchange reserves in US Dollars, but that will change. You saw what just happened with the Russian ruble. Well, the US dollar is the most vulnerable currency in the world, much more so than Russia’s currency. So the world is headed for incredible turmoil in 2015 as the dollar plunges and the derivatives monster unleashes fear and panic across the globe.”[i] Well that’s comforting! But surely this Ing fellow is just some lone kook, right? Not so. Dr Philippa Malmgren, a member of the White House’s Plunge Protection Team warns that we are in a period that “parallels” Germany in 1922-1923. In that period of time, German currency inflated 1 trillion times when measured against gold.[ii]
Then there’s Gerald Celente, arguably the Dean of Futurists who has been ‘getting it right’ for decades now, including a right-on-the-money call of the Great Recession of 2008 at least a couple of years in advance. Celente sees the progression going from grand manipulation of the markets on the part of the banking elites to depression to war, possibly on a global scale. “It’s the grand manipulation of the markets and the news, and it just keeps spreading…. The whole market, the news, the information is all one rigged game.” He goes on to describe the dynamics. “We don’t have capitalism any more. The merger of state and corporate powers is called fascism, and when you are looking at the rigging of the game, it’s called bankism. . . . This thing should have collapsed a long time ago, but they keep making up new rules and a new game. This is nothing more than a central bank confidence game, and you can tie it all back to bankism…. All it takes is a shock wave to end the game. You don’t know where it’s going to come from, but the stage is being set for a shock wave.”[iii]
The stage is truly being set for such an event. By one estimate, the derivatives market sits at about $300 trillion. This is much larger than the level it was at when its collapse led to the Great Recession of earlier this decade. And now the governments of the most powerful economic powers of the world have pledged our money to back that gamble. As reported in LewRockwell.Com: “On November 16, leaders of the G20 Group of Nations – the 20 largest economies – made an important decision. The world’s megabanks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets. And if they lose a bet, the counterparty to the contract has first dibs on your money…. The G20 has also officially declared that derivatives – the toxic contracts Warren Buffett calls ‘financial weapons of mass destruction’ – are secured debts. Since your bank deposits are now only unsecured debt that the bank has pledged to a secured creditor, guess who gets your money if the bet goes the wrong way for the bank? Answer: It’s not you.”[iv] So while the Western governments dance to the tune of their banker puppet masters, nations outside that circle lead an all-out assault on the dollar. China is busy propping up the economies of Argentina and Russia by exchanging their relatively valuable yuan currency in exchange for pesos and rubles. (The Argentine and Russian economies have been devastated by the rapid fall in oil prices.) In return China gets customers for its goods – and allies in the war against US economic hegemony.[v] As Celente concludes: “All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015.”[vi]
That is exactly the conclusion the boys at the European think tank, LEAP 2020 have come to. They’ve been trumpeting this theme since 2006 – calling it a “global systemic crisis” that will result in “the end of the West we have known since 1945.” As they write in their bulletin of December 2014: “2015 will show the complete collapse of the Western world we have known since 1945. It will be a gigantic hurricane, which will blow and rock the whole planet, but the breach points are to be found in the ‘Western Port.’”
Much of this has to do with developments in the petroleum market. Over the course of time, OPEC has been undermined. And the United States, “which was its master until around 2005 has seen the arrival of the emerging nations whose levels of consumption has inevitably made them joint masters.” Now the US, frightened by the prospect of rising energy prices which would deal a massive blow to the oil-dependent American economy, “decided to break any rationale of global coordination by creating a competing market, the shale market, intended to reduce prices.” According to LEAP, there is evan a more salient long-term factor. That is the coming end of the oil era. “Prices are falling apart because the oil era is coming to an end and nobody can do anything about it.” They point out that “China is creating an all electric car fleet ), and, in so doing, will turn the global car fleet into an all-electric one.” The folks at LEAP 2020 believe we could see this transformation within the decade. However, “don’t misunderstand: for a long time oil will continue to be used to fuel the world’s engines and factories (it even has many years ahead of it again since the risk of shortage has been postponed for several decades), but the ‘era’ of sovereign oil is ending and, of course, that constitutes a systemic change.”
So we return to the question asked by Rabbi Cahn at the beginning of this article. Is America to face another financial collapse in 2015 – at the time of the next Shemitah? We can only look at the history to get a clue. On September 17, 2001 the US stock market suffered its greatest crash in history up to that point. It was the day that the market reopened for business after shutting down for the 9/11 attacks. It also happened to be the last day of the Shemitah year on the Hebrew calendar. Now Shemitah can mean ‘collapsing’ or ‘letting fall.’ God had allowed a falling of the American economic order. As written of here before, Cahn documented how the American leadership failed to heed the warnings implicit in the 9/11 attacks. Instead of turning back to God, America, leaders and people alike, relied on themselves. Senator Tom Daschle was the first to make the remarks that others would echo, in the process pronouncing a curse upon the nation. On September 12, 2001 he proclaimed the words of the Prophet Isaiah. “‘The bricks have fallen down but we will rebuild with dressed stone; the fig trees have been felled but we will replace them with cedars.’ That is what we will do. We will rebuild and we will recover…” That’s Isaiah 9:10….but he forgot to look at the 2 previous verses “The Lord sent a word against Jacob, And it has fallen on Israel. All the people will know— Ephraim and the inhabitant of Samaria— Who say in pride and arrogance of heart: ‘The bricks have fallen down….’” Senator Daschle had proclaimed a curse rather than a blessing. In that time, America witnessed about a three-week revival and then it was back to the business of following our own path rather than God’s. Just as Israel had done in the past, America was warned and yet failed to heed the warning.
Seven years later came the second warning. The troubles with Fannie and Freddie and Lehman occurred during the anniversary week of the 9/11 attacks. Lehman collapsed right on September 11th. So the two alarms of coming collapse came exactly seven years apart on 9/11. Recall, the Shemitah is all about the forgiveness of debt. Well, Fannie and Freddie were relieved of billions of dollars in debt by the bailout. The debt of Lehman Brothers was wiped out. Then a massive stock market crash followed. Trillions of dollars of debt was effectively cancelled. At first Congress refused the bailout that was being asked for. And on September 29th, as the New York Stock Exchange was to open, the opening bell malfunctioned and failed to ring. That day saw a new record loss on Wall Street. On the Hebrew calendar it was seven years to the day from its last record loss. That happened on September 29th, the Day of the Shemitah, when all debts are to be cancelled. As the sun went down on September 29th, the beginning of the Hebrew month of Tishri, the final day of the Shemitah year – Congress had refused a $700 billion bailout – stocks took a 777 point plunge – which represented a 7% plunge in the market average. We cannot know what lies ahead, but the next ‘last day’ of the Shemitah falls on September 13, 2015.[vii] But the Shemitah year has already begun – and as Rabbi Cahn points out – the pattern has started.
Cahn is careful to point out that this is no formula set in stone. “God doesn’t have to do anything as He has in the past, or according to our expectations. No one Shemitah year or cycle has to manifest the mystery or dynamic. But the other caution is it could, and He could, and we should be aware and ready.” He gives us the pattern. “The Shemitah’s dynamic becomes most dramatic as it approaches its end. At the beginning of the Shemitah, its effect is, more often than not, subtle.” That Shemitah year culminated in the massive collapse that followed on the heels of September 11th – the worst, as we’ve seen falling on the Shemitah’s last day. “Then came the next Shemitah, beginning September 13, 2007. Within one month of its commencement, the years-long ascending of the stock market came to an end. The market reversed its momentum and began to descend — gradual at first, and then, by the Shemitah’s end, calamitous. At the same time, on the very first day of that Shemitah, Northern Rock, one of Britain’s largest banking institutions, collapsed. The collapse was a foreshadow, a firstfruit, on the Shemitah’s first day, of what would overtake most of the world at the Shemitah’s climax.”
Following the Great Recession the stock market began to rise wildly. And that continued unabated until September of 2014; the beginning of the next Shemitah year. “The stock market was suddenly thrust into a new phase, a phase of instability, volatility, and violent swings. The market began to descend. Fear took over Wall Street and much of the world’s markets. When did this change take place? It happened the week of September 22 to September 26. Was that significant? That week was the first week of the Shemitah. The greatest collapse of that week took place September 25. September 25 was the Shemitah’s first day…. The Shemitah is either the beginning of a continuous process or what appears to be an isolated phenomenon that foreshadows what will happen at the end.” Jonathan Cahn has come to this conclusion. “I believe a great shaking is coming to America and the world, a shaking that will involve the collapse of the financial realm, the economic realm, and more than that.”[viii]
So thus sayeth the sayers of sooths. Now America has served other gods, has forsaken God’s Law and mocked His commandments. But still there is hope. We may be seeing the foreshadowing of the end of the end of the American era of global dominance, but that is not the end of things. There is yet time for repentance. There is always God’s promise found in 2Chronicles 7:14. “if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven…. then I will hear from heaven, and will forgive their sin and heal their land.” But let us not forget the warning given just a few verses later. “But if you turn away and forsake My statutes and My commandments which I have set before you, and go and serve other gods, and worship them, then I will uproot them from My land which I have given them; and this house which I have sanctified for My name I will cast out of My sight, and will make it a proverb and a byword among all peoples.” Those words were given to Israel – yet the principle stands. That is the choice that America faces. That is the choice that we all face. This needs be a time of repentance. And we, the individuals of the Church need to start that process in our own personal lives.
[i] Man Asked To Speak To Chinese Officials Warns 2015 Collapse To Dwarf That Of 2008, King World News, December 29, 2014
[ii] Former White House Official Warns The World Is Dangerously Close To Collapse, King World News, December 31, 2014
[iii] Greg Hunter, 2015 Forecast-Manipulation, Depression and War-Gerald Celente, USA Watchdog, December 28, 2014
[iv] Mark Nestman, It’s Official: The Worldwide Bail-ins Are Coming, LewRockwell.Com, December 24, 2014
[v] Bianca Fernet, Global Monetary Power Shifts from Dollar, China Stakes Claim, Rescues Currencies of Argentina and Russia, Wolf Street, December 24, 2014
[vi] Greg Hunter, 2015 Forecast-Manipulation, Depression and War-Gerald Celente, USA Watchdog, December 28, 2014
[vii] I quoted liberally here from various presentations and writings by Rabbi Jonathan Cahn.
[viii] Jonathan Cahn, The Entrance of the Shemitah, Sapphires, Hope of the World Ministry, entry for: January 1, 2015