(October 12, 2008) According to the September 25th Financial Times the United States will lose its superpower status. (“US ‘will lose financial superpower status’”) If you read my article on this web site (The Decline & Fall of America) you will see that last year I stated that one day America had to become either economically or militarily impotent or both. The reason for this is because the Bible prophesies that one day a coalition of nations including Russia, Iran, and the surrounding countries will invade Israel. However, since the U.S. has been Israel’s protector this invasion could not take place. If America does decline in power then sometime in the future this invasion can take place. Whether or not the current situation leads to such a scenario is not clear. What is obvious is that such an erosion of America’s economy (and the world’s) can take place very quickly.
The world’s economy has suffered as a result of the interconnectedness of the global financial systems. Financial leaders from twenty countries are meeting in Washington D.C. in hopes of solving the current worldwide economic crisis. (“Bush, allies seek to calm jittery investors”) The third judgment of the Tribulation Period (Revelation 6:5-6) speaks of a global economic meltdown that leads to hyper-inflation for food (e.g. a days wages for wheat. barley etc.) and other commodities. Jesus also spoke of famines in His End-Times discourse in Matthew 24:7. It is interesting that Adolph Hitler rose to power out of the economic chaos in Germany after World War I. It is very possible that a similar world leader will one day arise out of a global economic chaos. As I stated above, if this is not that time it is still revealing in how short a span of time economic catastrophe can occur because of the global nature of the world’s financial systems. The one bright spot in all this is that oil has come down in price. However, I believe this is a temporary reprieve because demand for oil is increasing throughout the world. (“Energy Department: World demand to rise 50 percent in next 20 years”)
Russia continues to assert their military strength after invading Georgia and making arms deals with Venezuela. Now they have test-fired long-range ballistic missiles. (“Russia test-fires ballistic missiles”) Russian President Medvedev said, “This shows that our shield is in order. We will build up our armed capability, which means we will acquire new weaponry while also launching traditional ballistic missiles.” In my article (The Coming Invasion of Israel) I discuss how Russia is supposed to be part of an invasion of Israel towards the last days that also includes Iran. According to an October 7th, 2008 Jerusalem Post article, Russia is going to increase its involvement in the Middle East. The article states that Israeli leader Ehud Olmert “urged the Russians to play a more active role in getting Teheran to cease uranium enrichment.” One of the many pieces of the End-Times prophetic puzzle to keep an eye on!
Related posts:
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- Government to be given new powers to oversee financial markets among economic turmoil (March 29, 2008) The Treasury Department wants the U.S. government to oversee financial markets because of the current economic situation. An article in the N.Y. Times states that the goal of this action is to be: "part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies......
- Russia resurgent (May 9, 2008) After an 18 year hiatus Russia displayed their military might in Red Square during a Victory Day celebration. (Russia puts tanks, missiles back in parade) The article reports, "Medvedev, his country's third post-Soviet president, hailed the rebuilding Russian military, saying it can 'give a reliable protection to...
- Foreclosures a sign of hard economic times ahead? (March 11, 2008) USA Today reports that home foreclosures are having a rippling effect on the U.S. economy. (Foreclosure crisis has ripple effect) The foreclosure crisis in the U.S. is spreading to other areas of American society. According to this USA Today article: "The mortgage foreclosure crisis has caused a...
- European leaders call for a United Nations global economic body (January 8, 2009) At a European economic conference, France's President Nicolas Sarkozy, Germany's Chancellor Angela Merkel, and former British Prime Minister Tony Blair declared that the current global financial crisis needs a global solution. (Sarkozy, Merkel, Blair call for new capitalism) The article reports various points the leaders are making,...
- U. S. Comptroller General warns that America parallels the fall of the Roman Empire (August 14, 2007) "Drawing parallels with the end of the Roman empire, Mr Walker warned there were 'striking similarities' between America’s current situation and the factors that brought down Rome, including 'declining moral values and political civility at home, an over-confident and over-extended military in foreign lands and fiscal irresponsibility...
- President Bush warns Iran that U.S. may defend Israel (October 4, 2007) However, this time the President used the word belief instead of saying "The United States will defend". I'm not sure if any hesitancy on his part was intended but that is the way it sounds. I believe that one day the U.S. will either be unable or...
- Iran’s leader Mahmoud Ahmadinejad declares that Israel will be swept away (May 13, 2008) In light of Israel's 60th anniversary, Iran's president made a decidedly anti-Israel statement. (Ahmadinejad: Israel to be 'swept away soon') His exact quote is, "This terrorist and criminal state is backed by foreign powers, but this regime would soon be swept away by the Palestinians......
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Tags: America, decline, economy, Invasion of Israel, Russia