Remarkable for such a short chapter of only 11 verses, Zechariah 5 contains two separate but important visions of the endtimes.  This text contains the 6th and 7th visions given to the prophet Zechariah.  We first read of a giant scroll that is levitating in the air (verses 1 to 4).  Right after this, the angel speaking to Zechariah shows him another vision.  We then see a strange picture of an ephah(measuring basket) being carried by two women with the wings of storks.  What do these visions mean?

The vision of the ephah is relatively clear in its meaning.  However, the meaning of the first picture of a flying scroll has been most problematic.  While a few expositors have drawn out some meaningful perspectives (i.e. relating its significance to the 10 Commandments as did G. Vernon McGee), I have yet to encounter an interpretation of this vision that meets a common-sense, literal fit with all of its criteria.  Attempts at deciphering this flying scroll have surely resulted in some very imaginative interpretations … and not just among lay people!

One Bible historian sees a modern-day satellite revolving around the earth.  He argues that this large scroll is descriptive of a large cylindrical object that is flying in the air.  Others are convinced that the scroll is really an ancient attempt at explaining a modern-day intercontinental ballistic missile (ICBM) or is the representation of a binary code that underpins futuristic computers and information technology.

However, there is a very important clue that these more extreme interpretations overlook.  The angel speaking to Zechariah reveals that the two visions are in fact linked.  They must be taken together, any interpretation applying to both.

If we follow the literal, common sense meanings of this text, we discover yet another prophecy that uniquely applies to the times in which we live today.  Moreover, such an interpretation also offers a compelling perspective to the heavily-debated question of a future revived city of Babylon.  Will there be a rebuilt Babylon or not?  The evidence in Zechariah 5 is rather clear, though mostly overlooked.

The Two Visions Connected

In tackling this important chapter, we must pursue somewhat of a circuitous route.  This stems from the two “unlocking” keys provided in this chapter.  Let’s review each of the visions as we first draw out these important keys, starting with the first:

“Then I turned, and lifted up mine eyes, and looked, and behold a flying roll.  And he said unto me, What seest thou? And I answered, I see a flying roll; the length thereof is twenty cubits, and the breadth thereof ten cubits.  Then said he unto me, This is the curse that goeth forth over the face of the whole earth: for every one that stealeth shall be cut off as on this side according to it; and every one that sweareth shall be cut off as on that side according to it.  I will bring it forth, saith the LORD of hosts, and it shall enter into the house of the thief, and into the house of him that sweareth falsely by my name: and it shall remain in the midst of his house, and shall consume it with the timber thereof and the stones thereof.” (Zechariah 5:1-4, KJV)

Just what does this scroll represent?  It “enters” houses, it flies, consumes timbers and it is inordinately large.  Most would agree that in only reading these four verses one is left perplexed and wondering.  There simply are not many clues given that allow us to put this vision into its intended framework and prophetic timeframe.  We, therefore, must read further. (Verses 5-11, KJV)

“Then the angel that talked with me went forth, and said unto me, Lift up now thine eyes, and see whatis this that goeth forth. And I said, What is it? And he said, This is an ephah that goeth forth. He said moreover, This is their resemblance through all the earth. And, behold, there was lifted up a talent of lead: and this is a woman that sitteth in the midst of the ephah. And he said, This is wickedness. And he cast it into the midst of the ephah; and he cast the weight of lead upon the mouth thereof. Then lifted I up mine eyes, and looked, and, behold, there came out two women, and the wind was in their wings; for they had wings like the wings of a stork: and they lifted up the ephah between the earth and the heaven. Then said I to the angel that talked with me, Whither do these bear the ephah? And he said unto me, To build it an house in the land of Shinar: and it shall be established, and set there upon her own base.”

Before delving into the meaning of this vision, we want to first isolate the first of the key clues. It is found in verse 6.  It says that the wickedness in the ephah is “their resemblance through all the earth.” To who is “their” referring?  The Amplified Bible brings out this point more clearly.

“And I said, What is it? [What does it symbolize?] And he said, ‘This that goes forth is an ephah [-sized vessel for separate grains all collected together]. This, he continued, is the symbol of the sinners mentioned above and is the resemblance of their iniquity throughout the whole land.” (Zechariah 5:6. AMP)

Who are the “sinners” said to be “mentioned above”?  They are the very same that either “sweareth falsely” or “stealeth”, the two groups that are listed on opposite sides of the opened scroll in the first vision.  We will come back to these two groups of people as we delve into the details of this vision more closely.  However, for now, we have found the first of the important keys to this chapter.  The two visions are clearly linked.  Therefore, understanding the second vision is first necessary before approaching the first vision.

The second key to which we must draw our attention is also clear and logical.  As one vision follows the other, the sequence of the two prophetic visions is therefore significant.  In other words, it will make sense that the events surrounding the second vision will follow that of the first, especially so as both are related.

Holding on to these two keys, we can now launch our investigation into the meaning of these two visions.  However, we need to start in reverse by examining the second vision first.  Then proceeding, we can examine the first.  Finally, that will lead us to the conclusion which is the logical follow-through to the order of the two visions.  Here, it speaks about judgment and something being relocated toShinar, an area inside Iraq today.  Just what is being moved, and to where?  As did Zechariah, we will have to leave these answers to the conclusion.

The Ephah Explained

The ephah that Zechariah saw lifted up toward heaven — shown with a lid of lead upon it to contain the iniquity — was a commercial measuring unit for dry goods.  It is the approximate equivalent of about 8-9 bushels today.  This unit of measure is mentioned more than twice as much as any other in the Bible (the hin, the homer or the seah, for example).  Clearly, it was the key unit of commerce during the prophet’s time, both for measurement and transport.  If Zechariah’s vision had been given in our day, God may have used the symbol of a twenty-foot shipping container (the type that is transported on ocean-going ships and tractor trailers) or perhaps even a No. 10 cardboard box.  Clearly, the ephah here is being used as the symbol for trade and commerce.

Yet, more than this is being symbolized in this vision.  More expressly, it indicts the iniquity and idolatry associated with commercialism — a worldwide orgy of commercialism as we will yet show. The woman figure contained in the ephah speaks of idolatry or unfaithfulness as is often symbolized in the female form in prophetic language. All in all, it is a grave allegation.  “This is wickedness”, says the angel in no uncertain terms. (Verse 8)

But, can we at this point determine the general time period during which the prophecies of Zechariah 5 play out?  We can conclude that it definitely refers to the last days, most likely the Tribulation period and the worldwide developments leading to this condition.  Involved here is a global application and a divine intervention.  Such apocalyptic events do not occur in prophecy until the 70th week or thereabouts.  Specifically the vision of the ephah being transported arguably applies to that time point that the Millennium period begins.  Several more factors line up with this interpretation which we will yet review.

Now that we have the correct framework, timeframe, and sequence, the meaning of the first vision unfolds.  We are now ready to examine this vision.  And, as we will see, doing so provides further proofs for our interpretation of the second.  Most of all, we must remember that we are dealing with the massive idolatry of commercialism in the last days.

The Flying Scroll: What is it?

What a strange sight — a flying scroll levitating in mid air.  Yet, Zechariah mentions two times that he sees a flying scroll.

“Then I turned, and lifted up mine eyes, and looked, and behold a flying roll.  And he said unto me, What seest thou? And I answered, I see a flying roll; the length thereof is twenty cubits, and the breadth thereof ten cubits.”  (Zechariah 5:1-2, KJV)

The scroll seen here is surely one of odd size.  Converting its dimensions into the measures of our day, it is approximately 30 feet wide and 15 feet high.  It is visible as an open book … an open ledger of record.  As most scrolls of that day, writing was on both sides.  Zechariah says twice that the flying object that he saw was a scroll with writing on both sides.  The writing could be clearly seen. Therefore, it was unfurled, rather than being rolled up.  The Bible uses two Hebrew words for literary documents, megillah (used here) and siphrah.  Both mean a type of document that can be rolled up into a roll.  If God meant us to understand that it was to prefigure an object of some type that was cylindrical, or a futuristic technology, Zechariah would have explained what he saw quite differently.

Yet this scroll is very large, much larger than could be handled by a single reader.  It floats in the air as if a banner for all to see across the whole world … having application to “the face of the whole earth.” The Bible says that it is a scroll which is a record-keeping device for all the world to see.  It is a marquee, announcing a curse and a final judgment.

“Then said he unto me, ‘This is the curse that goeth forth over the face of the whole earth’ […].” (Verse 3a)

A Banner Proclaiming a World-wide Curse

The scroll represents a curse that applies to the whole world.  Why a curse?  As the Bible shows, a curse is always the result of forsaking God’s ordinances.  For example, referring to the Hebrews: “If you do not listen, and if you do not set your heart to honor my name,” says the LORD Almighty, I will send a curse upon you, and I will curse your blessings. Yes, I have already cursed them, because you have not set your heart to honor me”. (Malachi 2:2)

The book of Deuteronomy lists numerous curses that would befall Israel if they departed from the commands given to them by Moses.  Joshua summed them up.  He “[…] read all the words of the law—the blessings and the curses—just as it is written in the Book of the Law.”  (Joshua 8:34)

However, Isaiah mentions a curse that applies not just to Israel, but the whole world:

“The land shall be utterly emptied, and utterly spoiled: for the LORD hath spoken this word.  The earth mourneth and fadeth away, the world languisheth and fadeth away, the haughty people of the earth do languish. The earth also is defiled under the inhabitants thereof; because they have transgressed the laws, changed the ordinance, broken the everlasting covenant.  Therefore hath the curse devoured the earth, and they that dwell therein are desolate: therefore the inhabitants of the earth are burned, and few men left.” (Isaiah (24:3-6, KJV)

There is an argument to be made that this curse applying to the whole world is in fact linked to the curse we are now examining in Zechariah.  In this case, why is a curse being pronounced?

The Bible tells us clearly: “[…] for every one that stealeth shall be cut off as on this side according to it; and every one that sweareth shall be cut off as on that side according to it.”  (verse 3)  Therefore, both those that steal and those that sweareth falsely are being cut off and cursed.  This answer only serves to trigger another important question: Why is the world being judged for these two sins?  Aren’t there 10 commandments?

The Ills of Swearing and Stealing

What is clearly peculiar is that only two of the 10 commandments — the 4thd and 8th — are mentioned as the cause of the curse upon the whole world (that being misusing the Lord’s name and stealing).  It could be argued that the 9th commandment, “You shall not give false testimony against your neighbor”is also involved.  (Exodus 20:16)

Whatever the case, why are only 3 sins mentioned at most?  Because, the breaking of the other commandments is not directly involved.  That is another important clue. However, at this point, we must again recall the first clue — that the vision of the scroll is linked to the ephah of the second vision.

We therefore can know that the false witness and the stealing being mentioned has to do with the idolatrous commercialism of the last days pointed out in the second vision.  Pinpointed are the two sins that are mainly responsible for the filthy idolatry that was shown in the flying ephah — the last-day semblance of manmade prosperity, the religion of greed, the intoxicating wine of Babylon the Great mentioned in Revelation 18, the human quest for the actualization of man on earth through the economics of satiating people’s physical and materialistic wants.

In no uncertain terms, we are seeing here the endemic commercialization and financialization of all human life on earth of the last days.  Rampant globalization today is surely part of this picture … whether in its earlier or later stages.  Encompassed here is everything from the elevation of manipulative and global monetary systems, fiat money, capitalism, globalism based on the vested interest of intertwined world-wide trading systems, accounting shenanigans, corporatism and debt-based wealth.  All together it represents that heaving mass of Mammonism — a world that has chosen Money over God.

The corrosiveness and imbalances of these systems are literally consuming “the timber thereof and the stones thereof.” (Zechariah 5:4) — symbolizing the structural integrity of man’s globalized foundation. For such systems to prosper — prospering here meaning nothing more than giving the semblance of success, though its underpinnings are deceitful and not sustainable — they depend upon two impulses alone.  What are these?  To no surprise, the very two sins of stealing and false-witness.

Swearing Falsely and Stealing Up Close

To understand the linkage of these two sins more closely with Zechariah’s second vision, let’s examine them more closely beginning with swearing falsely.  Swearing here means to take an oath, or to promise something.  The actual translation of the Hebrew word is to “seven one self” … in other words, to enter into contract or declaration by saying it seven times.  The issue here has to do with“swearing falsely by my name” (verse 4, KJV)   Therefore, this first wicked condition has to do with lying, perjury, deceit — misusing the Lord’s name.  It concerns the issue of making a promise without intending to fulfill it.

But how is it that the Lord’s name is involved?  Well, it must be.  After all, “God is not a man, that he should lie, nor a son of man, that he should change his mind.”(Numbers 23:19)  He is the God of Truth (Psalms 31:5, 33:4)  Every man may be a liar, but God is true. (Romans 3;4)  The Bible clearly tells us that God is the personification of truth.  Therefore, to swear falsely in the name of truth, is to sweareth falsely by my name.”  (Zechariah 5:4)

Actually, this type of lying — in other words, swearing falsely in the name of truth — is the glue of our world’s economic and geopolitical systems.  At the highest levels, it is mirrored in the institution of contract law.  On the one hand, legions of lawyers are required to establish a rigid framework for world commerce to function.  Of course, this wouldn’t be required in the first case, were there not so many false promises.  In fact, for a long time the common law system has included the practice of asking deponents and witnesses to swear upon the Bible, “that they will tell nothing but the truth.”

Most contracts today are made entirely on the premise of what is legally allowable as opposed to what is right, moral and a true promise.  All that is required to get out of one’s obligation is a simple loophole.  It is as easy as that for the most part … nothing more than a façade of truth.

The same attitude applies to the world of competitive geopolitics.  The “lie” is the most deftly used technique in the pursuit of nations’ interests.  The lying and deceit definitely defines the modus operandi of the entire world today.  Christ warned of this murky quagmire of “swearing.” “Simply let your `Yes’ be `Yes,’ and your `No,’ `No’; anything beyond this comes from the evil one.” (Matthew 5:37)

(In Part II, we conclude with our review of Zechariah’s 6th and 7th visions and the question of a rebuilt Babylon.)

All the king’s horses and all the king’s men couldn’t put Humpty Dumpty together again.” That’s the last line of the well-known nursery rhyme. We doubt that the world’s economic/financial systems will ever be put together … in other words, established upon a stable footing. That can never be the case as long as mankind continues to choose to harness greed and fractional-reserve banking as the foundational theories for progress and prosperity.

It is crucial to realize the huge tsunami-like developments that are sweeping the entire world, not just the seismic upheavals of financial systems. The globe-spanning reverberations have been quick and pervasive. First, a “globalization bubble” unfolded—one popularly thought to never end— then followed by the biggest and most rapid bust of world financial and real estate wealth since the 1930s (in fact, even worse). Next, the most invasive and coordinated intervention of governments ever seen (collectively around the world) has occurred. Most latterly, a flagrant manipulation of money has unfolded on a coordinated basis around the world. (Graph on the front page provides an indication.)None of this was expected by the world’s policymakers nor societies at large. It all happened rapidly … like a sudden trap. What next? We expect the waves to continue and in surprising ways. These are treacherous times where people are being herded from one disaster to another. Just how can the average household either anticipate or navigate through such see-saw conditions? In our view, it is an early sign of the times … the global period trouble and anxiety where faith runs cold (Matthew 24:12).

Forecasts these days are not worth much since there are quite a few scenarios to consider. But suffice it to say that the world will again look very different 3 years from now (perhaps sooner). It would not be surprising that massive inflation problems will have emerged by then. It only follows, given the blatant debasing of money being perpetrated as we speak. Again, the majority of people will likely again be caught in the net. In recent times, many have run to what they perceive are safe investments — government treasury bonds and money markets funds, for example. These investments are now massively overpriced, especially so considering that inflation will again heat up in future years. It therefore would not be surprising if long-term bond funds might lose 25% of their value and more by that time. Time will tell.

That said, the king’s men have been working very hard lately. Humpty Dumpty will again be propped up … whether with massive drug stimulants and/or bailer twine and duct tape. When that will be accomplished is difficult to say. But, you can be sure it will prove to be another surprise. Why? Because no one is expecting anything to improve. Pessimism and confidence measures are at their most extreme. Hardly an economist can be found that doesn’t believe a long, long economic recession is upon the world. Of course, little did they know that the US recession had already started more than a year ago. Then, very few were willing to contemplate the possibility of disaster such as actually occurred. For the time being, the world economy still appears to be in free-fall stage (looking in the rearview mirror). But, before falling prey to groupthink, consider the interventions that have occurred around the world to date.

Remember to expect the unexpected … namely, what the majority do not anticipate. Every major country has been rushing to jump-start business and consumer spending; to coax investors to buy and banks to lend. Interest rates have been slashed to near all-time lows … virtually zero in some cases. US short-term rates qualify in that latter category. In England, the central bank has reduced rates to the lowest level since 1694. In Japan, short-term interest rates are at 0.15%. Huge government spending programs have been announced virtually around the world from China to Canada to Brazil. Just as we go to press, the Obama US stimulus program tallying $819 billion is being pushed through senate. A lot of money will be spent by governments over the next few years. And, we have yet to count the cost of  financial bail-outs, all of this tabulating to trillions and trillion of dollars.

It is indeed very possible that economic troubles can yet worsen before things get better. Yet, at the same time, financial conditions are now beginning to free up, offering huge speculative opportunities. As we often point out, the flipside to large and growing debt levels is that someone must be lending and have assets to lend to begin with.  Commercial systems are binary as they must have a buyer for every seller; a lender for every borrower. The loss of one person may a gain to another. While it is true that capital is being destroyed during this recent financial crisis, in large part, wealth is really only being transferred to different hands and converted into different forms. Wealth has been accumulating into fewer, richer hands. Therefore, there is much idle money at waiting to take advantage of the low prices and emerging opportunities.

Looking ahead, what would be unexpected? At some point, all of the heightened stimulus spending by governments is bound to bring the comatose patient back to sputtering life, if only for a while. That would indeed come as a surprise to most people. However, we do not make any such predictions without at least two qualifiers. Firstly, short-term predictions are hazardous. While trends may indeed unfold as one might expect, the timing can be very different … considerably faster or slower than thought. There are too many complicating factors to consider. While professional investors must try to anticipate such interim developments, they will carefully consider the risks.

For North America and other nations it will likely prove to be a false dawn. Longer-term, a different outlook is in view. America and other high-income countries will again sink under the weight of much higher burdens (debt, unfunded pensions taxes, interest rates … etc.) than exist now. Consider thatAmerica entered into the current crisis in a weaker condition than in the 1930s. Says, George Soros, the intrepid mega-investor, “[…] the problems facing the administration of President Barack Obama are even greater than those that confronted Franklin D. Roosevelt. Total credit outstanding was 160 percent of gross domestic product in 1929 and rose to 260 percent in 1932; we entered the crash of 2008 at 365 percent and the ratio is bound to rise to 500 percent” (Financial Times, January 29, 2009). Other parts of the world will emerge more strongly following present economic dislocations. It’s part of the endtime transition to “multipolarism,” a concept described in this issue’s Feature Article, Endtime Shoe.

Just how do recent trends fit on the cosmic time line? Bible prophecy does not provide the required detail on short-term developments. We are forced to speculate which we do not want to do. But here are some guideposts to consider: As already mentioned, the world eventually will end up in a state of multipolarism where globalism and humanism are resplendent under 10 kings. At some point, world conditions will again appear prosperous, global policymakers likely exulting over their success of having successfully engineered a recovery. This prosperity is sufficient to enrich the kings and sea captains of the world as foretold in Revelation 18. This later commercial edifice will likely stand on legs even more wobbly than the last global boom. The final economic collapse of this dispensation—complete and eternal—occurs in the latter half of the future Tribulation period. As fearsome as the current economic crisis may seem, it will compare as a small tempest to that future time of destruction.

One lesson of the last few years is a modern-day rendition of an Old Testament teaching: Man’s idols all must topple. It is a characteristic of all idols. In the end they come up empty. Surely, many of mankind’s idols have toppled recently. The very largest of companies thought to be indestructible engines of profit and stability have required bail-outs. The largest US bank failure occurred—Washington Mutual Inc. with $307 billion in assets. The largest insurance company needed to be rescued—American International Group. The world’s one-time largest car company, General Motors, was technically bankrupt, requiring bail-out financing from governments. One of the largest and most trusted investment funds ended up utterly worthless due to the Ponzi-scheme swindle of Bernie Madoff. $50 billion disappeared into thin air.

God laughs at mankind’s attempts to build and set-up their own idols. He chuckles that these idols have to be propped up. “A man too poor to present such an offering selects wood that will not rot. He looks for a skilled craftsman to set up an idol that will not topple” (Isaiah 40:20). “The craftsman encourages the goldsmith, and he who smooths with the hammer spurs on him who strikes the anvil. He says of the welding, ‘It is good.’ He nails down the idol so it will not topple” (Isaiah 41:7).

In the same way it is today revealed that the world’s venerated global systems of commerce—invested with the hope of humanism and future peace—are held up by the prop of man’s confidence. This Babylonian idol must be nailed down by human hands so that it will not topple. Try as its worshippers might, the propped-up idols will ultimately again fall. It is a lesson to take to heart.

Wilfred Hahn, (Article excerpted form Eternal Value Review – February 2009)