Global central banks continue to cut interest rates in a desperate attempt to stimulate their economies. In Europe unemployment rates are rising at an alarming rate and Japan is fighting vigorously to defeat deflation.
As of late several countries have been cutting their interest rates and more are joining in. Israel just cut their Interest rates this week.
The following central banks have cut interest rates over the past few months: The Reserve bank of Australia, the European Central Bank, the Reserve Bank of India, the Bank of Japan, the Bank of England, Sri Lanka and Vietnam. Elsewhere in the world banking giant Morgan Stanley sees added interest rate cuts taking place in Poland, Turkey, Russia. Hungary and the Philippines. South Korea’s recent rate cute was the 511th reduction by a central bank since June 2007.
The dangerous is once the global stimulus takes hold inflation could rare its ugly head—and inflation is very difficult to control. Banks continue to cut rates because their economies are stagnating or getting worse. Lower interest rates boost the money supply, which should boost economic activity—but this has hardly worked so far.
Never before in modern history have so many banks eased credit so quickly. This is a new experience and we do not know how it will eventually turn out. Dallas Federal Reserve President Richard Fisher offered a disturbing assessment concerning cutting interest rates:
“Nobody really knows what will work to get the economy back on course. And nobody-in fact, no central bank anywhere on the planet-has the experience of successfully navigating a return home from the place in which we now find ourselves. No central bank-not, at least, the Federal Reserve-has ever been on this cruise before.”
The excessive printing of money by the world’s central banks may seem “to help” in the immediate future, but don’t be surprised to see eventual distortions arise in the global economy—unforeseen distortions that will cause harm. Eventually we will reap what we sow. Do not be deceived: God is not mocked, for whatever one sows, that will he also reap. Galatians 6:7.
Monitoring the global fiscal landscape is important because the final Beast power is a wealthy power.
So let me remind you…the economic shift over the next years will move more and more toward Europe—meaning Europe will ultimately become the great economic power of the world.
The final resurrection of the Roman Empire will encapsulate a religious, political and economic structure. This great economic system (of Europe) is “eulogized” in a lamentation found in Revelation 18:
“And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen…. For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies” (verses 2-3).
In this chapter the thrust of the lamentation focuses on the ability of the Beast to trade with the nations of the world. Those merchants will have become rich through the trade promoted by Babylon (European Beast–verse 15). Remember, Europe fits well the description of end time Babylon with its assorted cluster of Nations, languages, cultures and peoples.
The “merchants of the earth shall weep and mourn over her,” because their ability to trade their goods will suddenly end—Christ will destroy end-time Babylon (verse 11, 20-21).
The years ahead promise to be very volatile. The massive easing by the central banks of the world is something “new”—the outcome is unpredictable and fiscally dangerous.
According to the St. Louis Fed, U.S. unfunded liabilities are at least $55 trillion.
Rick Rule, Chairman of Sprott USA investment firm puts it this way: “In the U.S., we have almost $17 trillion in on-balance sheet liabilities, and almost $70 trillion in off-balance sheet, unfunded liabilities, like social security and Medicare… “We’re running deficits of $1.5 trillion each year — we’re borrowing half of that and printing the other half. Combine that with off-balance sheet liabilities, which are growing at almost $4 trillion per year, just at the federal level, and you can see where the problems are coming from. Trillion is a big number.”
Each American’s Share of Publicly Held Debt Is Skyrocketing
As Washington continues to spend dramatically more than it can afford, every American will be on the hook for increasing levels of debt. Without reining in spending, the amount of debt per citizen will skyrocket.
INFLATION-ADJUSTED DOLLARS (2012) From T. Elliot GAiser
How we pay off this debt is yet to be seen. Economists say either we allow “Deflationary” forces to solve the problem for us [meaning a depression]. Or we will be deceitful and inflate our way out of our debt obligations. Deflation or Inflation will have consequences—all we know is great financial pain is ahead of us. We will pay the “piper” one way- or the other, for our massive, relentless spending.
“Predicting” the short-term picture of what will happen in the world in terms of the economy is impossible. But Bible prophecy tells us that in the final days before Christ returns we will see a European union of Church and State that will promise great prosperity to those who yield to its leadership. Ezekiel 27 uses the figure of Tyre, the ancient city known for its worldwide trading prowess, as an example of the trading strength of this end-time European Beast power. Tyre was part of a major commercial empire that included the whole Mediterranean world.
A prophecy in Ezekiel 27:17 is dual [an ancient theme that plays out again in the end times], revealing at the time of the end Judah and Israel [modern America & Britain] will for a short time trade with this European power—a type of modern Tyre.
Eventually, we are told in Ezekiel 26, that latter-day “Tyre” at the time of Christ’s second coming, this Babylonian-Tyrian [modern European] system will be devastated, stripped bare and destroyed forever—never to rise again.
Europe is economically sick, all of the major world economies are sick, but soon Europe will dominate the world economically—it may seem hard to believe now, but it will happen in the near future—you need to keep your eye on Europe.
It is important for us to understand that in the years ahead of us a dictator from Europe will astound the world. We have a model of sorts to look at in the person of Adolf Hitler.
During the early years of the Great Depression Hitler promised jobs, protection from the Communist threat, and a restoration of German pride.
The German people, economically depressed and desperate for security, grabbed hold of his promises and elected him to national prominence. His twelve-year rule permanently scarred Germany, Europe and the world. He is a prototype of the end time dictator who is called “the beast,” the term denoting either a vicious political empire or its leader. This tyrant who will soon appear on the world stage, clothes himself in the mantle of greatness. His vanity will swell to delusional proportions; he demands absolute obedience of his subjects.
Take note that Revelation transitions from speaking of the revived Roman Empire as a “beast” to speaking of the political and military dictator of that empire as being the “beast” (read Revelation 17:12-13; Revelation 19:19-20). Revelation 19:19 says that the Beast, the kings of the earth, and their armies, gather together to fight against the returning Jesus Christ. The Beast described here clearly identifies an individual who will lead the kings of the earth and their armies to literally fight Jesus Christ when He returns. Christ deals with his (the Beast’s) rebellion and arrogance by casting him (a person) into the “lake of fire burning with brimstone.” (Revelation 19:20)
The Bible describes the nature of this final European Beast dictator in Daniel 11:36-38.
Daniel 11:36 says, “Then the king (the coming “Hitler”/dictator) shall do according to his own will; he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done.” This man is also known as the King of the North depicted in Daniel 11:40.
His megalomania is Hitler-like; he desires the obedience and worship of the people. In verse 37 of Daniel 11, we are told, “He shall regard neither the God of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all.” This dictator will not be interested in religion personally, but other prophecies inform us that he will accept the backing of the great false church (Catholic Church) in order to advance his agenda.
“But in their place,” this tyrant will “honor a god of fortresses (having military might and power), and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things” (Daniel 11:38). This passage describes a European leader who channels his energy and resources to create the greatest military machine ever; one that will astound the world! Those who support him will be rewarded with positions of power and wealth. This is the same dictator who will use his power to persecute and kill many of God’s saints, “It was granted to him to make war with the saints and to overcome them. And authority was given him over every tribe, tongue and nation.” (Revelation 13:7)
This great military-political leader (called “the Beast” in Revelation 13:7; Revelation 17:12-13; Revelation 19:19-20) will seek to dominate and control all nations. He will bear responsibility for warfare on a scale unseen in human history. His aggression will culminate in the armies of the world gathering at Armageddon (Revelation 16:14-16). From Armageddon millions of soldiers will then march 55 miles south to Jerusalem to fight against Jesus Christ himself.
The war or battle against Christ is called “the battle of the great day of God Almighty.” Revelation 16:14. But where will the battle take place? The prophet Joel tells us that this cataclysmic battle will take place near Jerusalem. “For behold, in those days and at that time… I will also gather all nations, and bring them down to the Valley of Jehoshaphat; and I will enter into judgment with them there” (Joel 3:1–2).
The valley of Jehoshaphat, also called the Kidron Valley, is located between Jerusalem and the Mount of Olives, and extends to the south of the city. The world’s armies will move southward from Megiddo (Armageddon) to fight Jesus Christ at Jerusalem.
Millions of soldiers will die at the hands of Jesus Christ. Take note of the results of that battle: “For I will gather all the nations to battle against Jerusalem… Then the LORD will go forth and fight against those nations, as He fights in the day of battle. And in that day His feet will stand on the Mount of Olives” (Zechariah 14:2–4). Notice the hellish vengeance poured out on those rebellious armies of the world. “And this shall be the plague with which the LORD will strike all the people who fought against Jerusalem: Their flesh shall dissolve while they stand on their feet, their eyes shall dissolve in their sockets, and their tongues shall dissolve in their mouths” (v. 12).
This charismatic, brutal European “Hitler-like” dictator will finally be destroyed by Jesus Christ.
John writes: “Then the beast was captured, and with him the false prophet who worked signs in his presence, by which he deceived those who received the mark of the beast and those who worshiped his image. These two were cast alive into the lake of fire burning with brimstone. And the rest were killed with the sword which proceeded from the mouth of Him who sat on the horse. And all the birds were filled with their flesh” (Revelation 19:20–21).
Negotiations with Iran regarding its controversial nuclear program have failed. It could not be more clear; Iran has no interest in complying with the international community.
Tehran is progressing with the development and installation of new IR-2m centrifuges, which can enrich uranium up to five times faster than the current IR-1 centrifuges. Clearly America is not pleased.
The U.S. has decided to flex its muscle and show Iran that it is ready to support Israel, Saudi Arabia and the United Arab Emirates, chief rivals to Iran in the region. The New York Times reported: The Defense Department is expected to finalize a $10 billion arms deal with Israel, Saudi Arabia and the United Arab Emirates this week that will provide missiles, warplanes and troop transports to help them counter any future threat from Iran.
The New York Times goes on to say: “The objective, one senior administration official said, was “not just to boost Israel’s capabilities, but also to boost the capabilities of our Persian Gulf partners so they, too, would be able to address the Iranian threat — and also provide a greater network of coordinated assets around the region to handle a range of contingencies.”
The U.S. arms deal provides an undesignated, number of KC-135 Stratotankers to Israel. These fueling planes will permit Israel to deploy more fighter aircraft in any strike against Iran. The KC-135 refueling planes would let Israel’s warplanes stay in the air longer, should a long-range mission — like a strike on Iran, take place later this fall. A single KC-135 could possibly support up to eight Israeli aircraft in a strike against Iranian targets. A mission into Iran by Israeli aircraft would mean traveling over 1400 miles to the targets—then the planes have to get back home.
We yearn for the day when Christ will finally establish the Kingdom of God on earth. He will come to wage war against the nations that hate him
“Behold, the day of the Lord is coming . . . For I will gather all the nations to battle against Jerusalem . . . Then the Lord will go forth and fight against those nations . . . And in that day His feet will stand on the Mount of Olives, which faces Jerusalem on the east . . . ” (Zechariah 14:1-4). Only Jesus Christ can resolve the endless fighting and hatred that we see in the Middle East. But until that time of His return, that region of the world will only know suffering and war.
The Fox video speculates that the older brother may have been trained overseas in terrorist skills.
Many in the world seek the terrorists’ limelight with an attack on a very public, highly visual setting whether that location is the World Trade towers, or a famous event such as the Boston Marathon.
Terrorists seek to magnify terror by gaining as much media attention as possible. This attention thrills the terrorist community and draws more evil people to the terrorist role.
Practitioners of terrorism are greatly frustrated when they lose their ability to panic people or influence a government. If people live their lives in constant fear, if media obsesses about terrorists then the terrorists maintain their energy. The key is to practice awareness in our public lives without giving into fear and panic—something the terrorists seek to magnify.
The identities of the suspects in the Boston Marathon bombing — Chechen brothers Dzhokhar Tsarnaev, 19, and Tamerlan Tsarnaev, 26; according to News sources, the two men are from Chechnya. The North Caucasus region of Russia faces constant instability, with violence occurring on a regular basis in places like Chechnya and Dagestan. Chechnya is a mountainous and mainly Muslim republic in southern Russia that has been the scene of revolts and brutal crackdowns by Moscow’s forces for the past 200 years.
The overarching concern is that the jihadist threat may now shift to “agents” who live in Europe and America rather than trained overseas operatives sent to American and European cities. Terrorist attacks are bound to increase but may be smaller in their impact in terms of lives lost as compared with the 9/11 event. We do not know if the Chechen brothers have terrorist training, we will learn of that in the days ahead.
Terrorists are motivated by hate and anger. Satan is an angry spirit who seeks to kill—a murderer from the beginning [John 8:44]. Tragically, there will be more acts of terror in this nation and in Europe.