The Next Big Thing. . . .
Vol: 87 Issue: 22 Monday, December 22, 2008
The Crash of 2008 is still ongoing, but one of the first ‘conventional wisdoms’ to emerge from it so far is that the US dollar, as the preferred medium of global exchange, has run its course.
The US dollar was the world’s international currency for most of the 20th century and into the 21st, but the Crash of ’08 has exposed the dollar for what it is – an illusion.
The response by the government has been to order the Fed to print money. All of the newspaper headlines bespeak trillions of dollars being invented out of nothing as ‘bailout money’. There’s lots of talk about ‘debt’ and ‘deficits’ but to the average person on the street, it is all meaningless banker-babble.
The Fed distributes a trillion dollars to private banking concerns, but the average guy on the street doesn’t really understand if it affects him directly, or how.
But the average guy on the street isn’t investing his hard-earned money in US dollars. He’s getting paid in US dollars. For Americans, the dollar is not optional — it is the starting point.
But the guy in Canada or Australia or Argentina that has been investing his hard-earned wampum in US dollars is re-examining his options. So are a lot of central bankers.
The North American Security and Prosperity Partnership failed to present a workable alternative currency (like the amero) in time to stave off the collapse they knew was coming.
As a consequence, all eyes are looking to the next best thing as the Next Big Thing.
Smaller countries with standalone currencies, battered as they’ve been by the global meltdown, are seeking shelter in the euro.
Writes Jeffrey Stinson in USAToday, “The euro is the Miss Congeniality of world currencies right now.
Icelanders are clamoring to adopt it. Danes and Swedes are having second thoughts about snubbing it in the past. The Poles and Hungarians are accelerating plans to make the euro their money.
Even in Britain, which has held to the pound with bulldog-like ferocity, there’s talk of possibly joining the euro.“
Stinson goes on to list other national currency crises that seek solution in the euro, noting that even Great Britain is toying with replacing the pound sterling with the more stable euro.
All this is pretty dry stuff, until one sits down and looks at it in terms of the Big Picture. Twenty-five hundred years ago, the Prophet Daniel wrote out the history of the rise and fall of four world empires.
What made it remarkable was that at the time he wrote it, the first of those four empires, Babylon — was at the height of its power and glory.
(And it is worth remembering that it went from the pinnacle of its power to an historical footnote within a single [Daniel’s] lifetime.)
Daniel predicted the fall of Babylon to the Medo-Persians, whose empire was destroyed by the Greeks under Alexander the Great, whose empire was divided among the four Ptolemy kings at his death, exactly as Daniel foretold.
Daniel’s outline of future history was so astonishingly accurate that Bible skeptics insist that Daniel MUST have been written by Judas Macabeus in 163 BC. Except that Daniel also foretold the rise and fall of the Roman Empire with such astonishing accuracy that even if it WERE written in 163 (it wasn’t) it would STILL defy conventional explanation.
And besides all of that, Daniel was referred to as “the Prophet Daniel” by no less an Authority than Jesus Christ. Jesus would NOT have called Daniel ‘the Prophet’ if the Book bearing his name were a late-date forgery.
Daniel predicted the rise of Rome, its conquests and its power, its eventual collapse into two separate empires, and its return to global prominence in the last days as an empire under ten ‘kings’ . Daniel describes this revived Rome as ‘partly strong and partly weak’ a perfect description of European democracy.
Daniel predicts the destruction of Jerusalem and the Temple in AD 70 and that the antichrist will be a prince of that people — the Romans under Titus who carried out that destruction.
In His revelation to the Apostle John, Jesus addresses the Seven Churches, and then the rest of the Book is given over wholly to the details of the events of the 2,520 day period called the 70th ‘Week’ of Daniel or the “Tribulation.”
We learn in Chapter 13 of that Revelation, details about the antichrist’s system of government. We learn that “no man might buy or sell” without first having accepted the ‘Mark’ of the Beast, which John tells us is ALSO a system of worship.
(One cannot unknowingly take the Mark of the Beast. John says it requires knowingly renouncing Christ and worshipping the Beast in exchange for financial security)
John wrote of the Beast’s economic system almost two thousand years ago. Let’s add it all up and see what we end up with.
Twenty-five hundred years ago, Daniel said that the last seven years of human government will be headquartered in the revived Roman Empire. Nearly six hundred years later, the Apostle John explained how the economic system would be used to administer that government.
Just think of it!
In 444 AD, the Roman Empire ceased to exist. In 1948, Israel was reborn. That same year, the European Community began to come together beginning with the Benelux Treaty.
In 1992, the Maastricht Treaty created the modern EU, which the British “Economist” called the “revival of the old Roman Empire”
In 1999, the world’s most powerful currency was the mighty US dollar, the Euro lost 20% of its value almost as soon as it was introduced.
But as dawn breaks on the Year 2009, the US economy is in disarray. The mighty US dollar has fallen — and the smart money is betting on the Next Big Thing — the euro. So that’s the Big Picture as it exists in these waning days of 2008.
“And when these things BEGIN to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.” (Luke 21:28)
We’re well past the beginning. That means our redemption is even nearer. (Which may well be the real Next Big Thing.)