stalking global currency: endtime money in prophecy world... · distribution of financial wealth in...

1The Mulberry Ministry

Stalking Global Currency: Endtime Stalking Global Currency: Endtime Money in ProphecyMoney in Prophecy

Wilfred J. HahnWilfred J. HahnChristianity on Trial Conference 2010Christianity on Trial Conference 2010

October 22October 22--23, 201023, 2010Regina, SKRegina, SK

Economist.com


Money and its SystemsMoney and its SystemsPlay Key Endtime RolesPlay Key Endtime Roles

Affections of Mankind: “[…] when the Son of

Man comes, will he find faith on the

earth?” Luke 18:8

A Final Form of Ecumenicism: Did Jesus

really say: “You cannot serve both God

and mammon.” Matthew 6:24)

Global Commercial Colossus Takes Form:

Revelation 18, Babylon the Great


Numerous Indications in Bible of Numerous Indications in Bible of MankindMankind’’s Endtime Commercialisms Endtime Commercialism

“But mark this: There will be terrible times

in the last days. People will […] lovers of

money.” 2 Timothy 3:1-2

“Be careful, or your hearts will be weighed

down with dissipation, drunkenness and

the anxieties of life, and that day will close

on you unexpectedly like a trap.” Luke

21:24


“Look, you rich people, […] you have

lived on earth in luxury and self-

indulgence.” James 5:1-5

“Be careful, or your hearts will be

weighed down with dissipation,

drunkenness and the anxieties of life

[…].” Luke 21:34

Narcissism/IndulgenceNarcissism/Indulgence

Explosion in Greed, Fixation With Money


“ … there will be false teachers among you. (…) 3In their greed these teachers will exploit you with stories they have made up.” Peter 2:1-3

“(…) they are experts in greed — an accursed brood!” (2 Peter 2:14)

“(…) inside they are full of greed and self-indulgence.” Matthew 23: 25

Greed/Materialism is BehindGreed/Materialism is BehindMost/All ApostasyMost/All Apostasy


“To the angel of the church in Laodicea write: These are the words of the Amen, the faithful and true witness, the ruler of God's creation. […] You say, 'I am rich; I have acquired wealth and do not need a thing.' But you do not realize that you are wretched, pitiful, poor, blind and naked.”Revelation 3: 14, 17

Church Takes on the Culture and Church Takes on the Culture and Values of the Last DaysValues of the Last Days


Why Does Why Does ““MoneyMoney”” Have Key Have Key Endtime Role? (SemiEndtime Role? (Semi--omnipresence)omnipresence)

1. Mammon is a Spiritual Entity in Opposition to God

2. Monetary/Commercial System Can Have Global Reach ( … a convergence of beliefs, religion of materialism)

3. Effective Control of Mankind’s Activity(After complete financialization has taken place)


Who Enforces Final World Controls?Who Enforces Final World Controls?A Religious Figure A Religious Figure …… not AC!!!not AC!!!

“He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” Revelation 13:16-17

Biggest misconception …misdirection!


Endtime OneEndtime One--WorldWorldMonetary System?Monetary System?

HOW FAR ADVANCED IS THE ENDTIME MONEY SYSTEM?

WHERE ARE WE ON THE COSMOLOGICAL TIME LINE?


Late Great Global Money Boom Late Great Global Money Boom Endtime Income/Wealth BoomEndtime Income/Wealth Boom

Source: Bradford DeLong Format: Mulberry Press

$-$1,000$2,000

$3,000$4,000$5,000$6,000

$7,000$8,000

0 200 400 600 800 1000 1200 1400 1600 1800 2000

A closer look

Sudden endtime development … a trap?

Estimate of World GDP per person, USD, since O.A.D.


Great Endtime AscendancyGreat Endtime Ascendancyof Global Capitalof Global Capital

0

10

20

30

40

50

60

70

1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Trend: Total Financial &Position ValueTrend: World Income PerPersonTrend: World Arable Land PerPersonTrend: World Securities ValueUSD

Total financial position value rose by

64 times in 25 years to $123,400 for every person in the world

by year 2008!

World Financial Securities & Position Value Boom Trend compared to world average annual income and arable land per person, 1982=100, 1982 to 2008

Sources: World Bank, World Federation of Exchanges, Band of International Settlements, Mulberry Press Inc. estimates


-5%

5%

15%

25%

35%

45%

1985 1990 1995 2000 2005

% C

hang

e A

nnua

l

100

150

200

250

300

350

400

Inde

x L

evel

Annual Percent Change

EMS Index Level

* Composite measure comprising trends in world trade, FDI, securities capitalization, per capita GDP, international banking. Sources: OECD, FIBV, BIS, World Bank, UNCTAD, WTO, Mulberry Press estimates.

Right Hand Scale

Left Hand Scale

The Ecumenical Mammon System The Ecumenical Mammon System Continues to RiseContinues to Rise

Endtime Money Snare Index


020406080

100120140160180200

1900 2009

Central Banks in the WorldCentral Banks in the World

Source: BIS, Morgan Stanley Handguide to Central Banks

18

176

The Mulberry Ministry

Source: IMF WEO Database, April 2009, World Bank, Format: Mulberry Press Inc.

Goods and Services Trade (Exports Plus Imports/ World GDP) and World Stock Market Turnover/GDP

20%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

1960

1962

1964

1966

1968

1970

1972

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

0%

20%

40%

60%

80%

100%

120%

140%

160%

180%

200%

World Trade Turnover (% ofGDP, World Bank)

World Stock Market Turnover(% of GDP)

Representative World Trading Trends Representative World Trading Trends –– Goods & Services, StocksGoods & Services, Stocks


Declining Barriers to Trade WorldwideDeclining Barriers to Trade WorldwideUS Tariff Levels, 1861 US Tariff Levels, 1861 -- 19961996


Increasing Global Economic and Increasing Global Economic and Economic Integration Economic Integration -- ConnectednessConnectedness

Source: IMF

Ratio of Foreign Assets/Liabilities to GDP – 1970-2004Industrial and Emerging Countries


Global Financial Interconnectedness Global Financial Interconnectedness is Far Advanced is Far Advanced …… i.e. Stock Marketsi.e. Stock Markets

Source: Backbone of complex networks of corporations: The flow of control, J.B. Glattfelder and S. Battiston, Chair of Systems Design, ETH Zurich, Kreuzplatz 5, 8032 Zurich, Switzerland

New Study Reveals

Controlling “Backbone” Same

players account for

80% of global ownership.


Source: OECD, Baseline Scenario

Ascendancy of Global Financial SectorAscendancy of Global Financial Sector


Source: BEA, Simon Johnson, The Peterson Institute

Financialization Phenomenon Financialization Phenomenon Occurring EverywhereOccurring Everywhere


Source: Congressional Oversight Panel; SNL Financial, Deposit Market Share, 1998-2009

Financial Crisis Breeds FurtherFinancial Crisis Breeds FurtherRising Financial ConcentrationRising Financial Concentration


Source: World Distribution of Household Wealth, UNU-WIDER, December 2006

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

World Population Percentile Wealth Proportion

World’s Super Rich

40% of wealth

Widening World Wealth Skew Widening World Wealth Skew ……Therefore Indebtedness (James 5:1Therefore Indebtedness (James 5:1--5)5)

Comparison of percentiles, Population versus Wealth


Distribution of Financial WealthDistribution of Financial Wealthin the USin the US

Source: Wealth Income and Power, William Domhoff, www.of2minds.com


Wealth/Income Disparity a Major Wealth/Income Disparity a Major Contributor to Downturn TodayContributor to Downturn Today


Source: The First Measured Century 1900 to 2000

Consumer CultureConsumer CultureExploding Upon WorldExploding Upon World

Advertising per capita up 4x in post

WWII period

US Advertising Spending

1999 DollarsPer Capita


When Will a Prophesied OneWhen Will a Prophesied One--World World Currency Arrive?Currency Arrive?

A widely taught expectation/deduction

Actually, one-world currency is not

specifically prophesied in Bible

Globalization/Globalism is prophesied

One-world system is already here


Globalism in the Bible? Globalism in the Bible?

The Bible is global in outlook!

Isaiah says: “See, the LORD is going to lay waste the earth and devastate it”(Isaiah 24:1)

“Therefore a curse consumes the earth; its people must bear their guilt. Therefore earth's inhabitants are burned up, and very few are left.” (Isaiah 24:6)


Globalism/Globalization Globalism/Globalization –– OTOT

“The kings of the earth take their stand and the rulers gather together against the LORD and against his Anointed One. ‘Let us break their chains,’ they say, ‘and throw off their fetters.’” (Psalms 2:2-3)

Both “organizational” and “spiritual”aspects shown


Globalism/Globalization Globalism/Globalization –– NTNT

“`Woe! Woe, O great city, where all who had ships on the sea became rich through her wealth!” (Revelation 18:17)

“By your magic spell all the nations were led astray. In her was found the blood of prophets and of the saints, and of all who have been killed on the earth.” (Revelation 18:23-24)

Must be a system born of globalism/globalization … includes “all”


“The kings of the earth take their stand and the rulers gather together against the LORD and against his Anointed One. “Let us break their chains," they say, "and throw off their fetters." The One enthroned in heaven laughs; the Lord scoffs at them. Then he rebukes them in his anger and terrifies them in his wrath, saying, "I have installed my King on Zion, my holy hill.”(Psalms 2:1-6)

Then, Judgment ofThen, Judgment ofManMan--made Globalism?made Globalism?


10 Most Influential Currencies 10 Most Influential Currencies Account for > 90% of ExchangeAccount for > 90% of Exchange

1

2

3

45

6 7 8 9 10

40%

50%

60%

70%

80%

90%

100%

US dolla

rEuro

Japa

nese

yen

Pound

sterl

ingSwiss

franc

Austra

lian d

ollar

Canad

ian do

llar

Swedish

kron

a

Hong K

ong d

ollar

Norweg

ian kr

one

Korean

won

Mexica

n pes

o

New Zea

land d

ollar

Singap

ore do

llar

Danish

kron

e

South

African

rand

Polish

zloty

Taiwan

dolla

r

Indian

rupe

e

Brazilia

n rea

l

Czech

korun

a

China R

enminb

i

40%

50%

60%

70%

80%

90%

100%

Source: Bank of International Settlements


OneOne--World Currency? OneWorld Currency? One--World World Money System is Already Here!Money System is Already Here!

Seamless money trading system already exists for industry & elites.

ATM networks span globe today.

More currencies exist today than 50 years ago!

Regional monetary convergences very likely to move ahead (Asia, American, Middle East).

Biblical prophecies more align with multilateral currency arrangements.

No need to be distracted with one-world orderor currency theories!


Major Organizations ThatMajor Organizations ThatGovern Global Systemic ConvergenceGovern Global Systemic Convergence

Bank of International Settlements

World Bank

IFRS, IASB (Accounting Standards)

International Monetary Fund (IMF)

Various financial/securities bodies

… and countless more

Much Room For Further Convergence


What Does the IMF Do?What Does the IMF Do?

The IMF promotes international monetary cooperation and exchange rate stability, facilitates the balanced growth of international trade, and provides resources to help members in balance of payments difficulties or to assist with poverty reduction.”Source: International Monetary Fund, http://www.imf.org/external/about/overview.htm.Accessed July 25, 2009.


The SDR The SDR ……Candidate For Global Currency?Candidate For Global Currency?

Ideal for a multi-polar … mini-laterist era

• Established in 1969 by the IMF

• A global monetary accounting unit

• Defined in terms of a group of currencies

• The last issue of SDRs before 2009 took place in 1981

• In 2009, supply of SDRs was boosted 10X ($283 billion)


SDR Content TodaySDR Content Today

Ideal for a multi-polar … minilaterist era


Three Main Players inThree Main Players inEndtimeEndtime World OrderWorld Order

1. Indebted group of powerful nations … 10

Kings Global Power Coalition

2. Elites … wealth people of influence

3. Antichrist/False Prophet


Global Endtime Ruling OrderGlobal Endtime Ruling Orderis an Indebted Oneis an Indebted One

“Will not your debtors suddenly arise? Will they not wake up and make you tremble? Then you will become their victim.”(Habakkuk 2:7)

“Woe to him that increaseth that which isnot his!” (verse 6)


The Last Ruler (Coalition) is IndebtedThe Last Ruler (Coalition) is Indebted

‘Woe to him who piles up stolen goods and makes himself wealthy by extortion! How long must this go on?' Will not your debtors suddenly arise? Will they not wake up and make you tremble? Then you will become their victim. Because you have plundered many nations, the peoples who are left will plunder you. For you have shed man's blood; you have destroyed lands and cities and everyone in them.” (Chapter 2:6-8, NIV)


22ndnd Group of Endtime Players: ElitesGroup of Endtime Players: Elites

“And he [the Antichrist] shall deal with the strongest fortresses by the help of a foreign god: whosoever acknowledgeth him he will increase with glory; and he shall cause them to rule over many, and shall divide the land for a price.” (Daniel 11:39, ASV)

Wealthy or individuals in key positions of economic power are in an endtime collusion.


Source: Mishel, Bernstein and Allegretto (State of Working America)

Who are the Elites? Candidates Are Who are the Elites? Candidates Are Speculative at this PointSpeculative at this Point

Ratio of CEO to Average Pay (1965 – 2005)


Big Problems Ahead!Big Problems Ahead!

We live in unprecedented … uncharted times!

Time of deep deception and corruption.

Confusion and desperation.

Anxiety

Severe economic oppression


Population Trends: Two Unprecedented Population Trends: Two Unprecedented Developments in One CenturyDevelopments in One Century

World population annual growth rates - 1800-2005

Source: www.answers.com, US Census Bureau

Source: www.answers.com, US Census Bureau


“36The king will do as he pleases. He

will exalt and magnify himself above

every god and will say unheard-of

things against the God of gods. He

will be successful until the time of

wrath is completed, for what has been

determined.” … Continued

World Population Swings Connected to World Population Swings Connected to Materialism/FinancializationMaterialism/Financialization


“… must take place. 37 He will show

no regard for the gods of his fathers

or for the one desired by women, nor

will regard any god, but will exalt

himself above them all.” Daniel 11:36-

39 NIV

World Population SwingsWorld Population Swings


0%

50%

100%

150%

200%

250%

300%

350%

2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050

Rising Government Debt Rising Government Debt ––Advanced GAdvanced G--20 Nations20 Nations

Source: International Monetary Fund IMF Staff Position Note, Fiscal Implications of the Global Economic and Financial Crisis, April 2009

Government Debt as % of Gross Domestic Product


Source:www.stockcharts.com

US Dollar Headed For Collapse?US Dollar Headed For Collapse?


Conclusion: Excessively Commercialized Conclusion: Excessively Commercialized Nations Never Endorsed in the BibleNations Never Endorsed in the Bible

In admonishment of anyone who thinks that economic growth is infinite:

This is a prophecy still to be fulfilled in the future

“Woe to you who add house to house and join field to field till no space is left and you live alone in the land. The Lord Almighty has declared in my hearing: ‘Surely the great houses will become desolate, the fine mansions left without occupants. A ten-acre vineyard will produce only a bath of wine, a homer of seed only an ephah of grain’.” Isaiah 5:8-10


Conclusion: The Last Commercial Conclusion: The Last Commercial System Will Not Be Based Upon GoldSystem Will Not Be Based Upon Gold

“[…] he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name” Rev. 13:16–17, KJV

No role for gold in this finalmonetary system of Revelation 13


1st 42 Months“beginning of sorrows”

2nd 42 Months“terrible day of the Lord”

#1 Seal. White horse …of peace appears first

Conclusion: No Global Systemic Conclusion: No Global Systemic Collapse Collapse …… Until?Until?

Conditions of collapse not compatible with white horse of “global peace” and “flatteries” - Daniel 11:21


Global Collapse … the final financial Armageddon still lies ahead

Global financial systems can be expected to remain (shakily) ascendant and ensnaring until the end

Final systemic collapse likely occurs in 2nd half of Tribulation Period

Huge instabilities, geopolitical dislocations are ahead … greater Global Financial Crisis. “You ain’t seen nothing yet.”

Thoughts to PonderThoughts to Ponder


Where Are We on the Timeline to Where Are We on the Timeline to Global Collapse?Global Collapse?

There is no security to be found in this Dispensation other than in Christ Jesus & His eternal promises. “In this world you will have troubles.” John 16:33Today qualifies as the time of “eating and drinking.”We look to the Lord’s Coming. The Rapture is imminent … at any time. MaranathaOur affections rest upon Him … motive of love and holiness … not escape


Interesting Parallel? Jesus and Global Interesting Parallel? Jesus and Global Financial Crises A.D. 33Financial Crises A.D. 33

Tacitus, Roman historian, provides detailed account of Emperor Tiberius’ response to 33 AD Global Financial Crisis


Jesus and Global Financial CrisesJesus and Global Financial CrisesA.D. 33 A.D. 33 …… contcont’’d.d.

“The destruction of private wealth precipitated the fall of rank and reputation, till at last the emperor interposed his aid by distributing throughout the banks a hundred million sesterces, and allowing freedom to borrow without interest for three years, provided the borrower gave security to the State in land to double the amount. Credit was thus restored, and gradually private lenders were found.”

Source: The Annals (VI, 16-17)


Who Can Stand? Who Can Stand? ““Calling Out in the Calling Out in the MarketplaceMarketplace”” Matt. 11:16Matt. 11:16--1717

The successive economic booms of the world …the temptations of the rising endtime apparition of great wealth or the “deceitfulness of wealth”(Matthew 13:22) … the greater material comforts or the “worries of this life” … the “anxieties of life” (Luke 21:34) … the ever ensnaring end-time money trap … they all play upon the affections of Christians. Who then can sustain such an assault and still stand ready at all times for His coming?


Paul implores non-worldliness

“What I mean, brothers, is that the time is short. From now on [...] those who buy something, as if it were not theirs to keep; those who use the things of the world, as if not engrossed in them. For this world in its present form is passing away.” 1 Corinthians 7:29-31“[…] lift up [our] heads, because [our] redemption is drawing near.” Luke 21:28

Money, Faith & Last Days Money, Faith & Last Days ––Where Are You?Where Are You?


Stalking Global Currency: Endtime Stalking Global Currency: Endtime Money in ProphecyMoney in Prophecy

Economist.com Wilfred J. HahnWilfred J. HahnChristianity on Trial Conference 2010Christianity on Trial Conference 2010

October 22October 22--23, 201023, 2010Regina, SKRegina, SK

stalking global currency: endtime money in prophecy world... · distribution of financial wealth in...

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