Shamans Shamed – Part I :: by Wilfred Hahn

Many commentators around the world today decry the results of poorly-regulated financial industries, cronyism, imbalanced wealth distribution and, of course, unbridled greed. Some of this rising criticism is no doubt the result of the ongoing Global Financial Crisis (GFC). We still use this term, though it has virtually disappeared from the media. Why? Everyone wants to believe that the crisis is over…in the past…and that humanity is back in its global ascendancy.

In our view, the GFC continues. It is not over; only changing its spots. The West—namely the countries that have had significant Christian populations in the past, most of which are Roman-Offshoot countries—is likely in a steep decline. Based on our view that we are in the very last days, as God’s timepiece (Israel) has begun to revive, it is highly likely that all of the economic and financial maelstroms being witnessed in the Western world will drive the geopolitical processes that produce the final “10-king” period of world rulership.

Most observers do not recognize the problems that are now unfolding in Europe as being part of the GFC. They believe that since America has been relatively stable of late (but hardly in solid shape), as compared to the debt and banking crises of Europe, that the GFC is over. Not at all. The reality is that only the beginning chapters of the GFC have ended. Others have yet to play out. America may have been the “ground-zero” and the catalyst to the GFC starting in 2008, setting off contagions that radiated all across the globe. But, there are more chapters ahead and the focus will again move back to the U.S. at some point…possibly before year-end.

Yet, where is the real “ground zero” that underlies all these different and rotating crisis zones in the world? Most policymakers and economists specializing in macro-economic policy and political economics are stumped themselves and have no definitive answers.

It would not be an exaggeration to say that the current gridlock in geopolitics and policy is unprecedented in the annals of mankind. Why unprecedented? The issues that are being debated are not only grave, but also are taking place in a forum that is more globalized than ever before. International transnational groups are meeting more frequently, frantically searching for solutions. The G20 has been meeting as many as 3 times per year. The Europe Union now has had 18 meetings since the “euro” crisis erupted in 2010.

Despite the well-documented despondency and heightened state of crisis, very few identify the root of the problem. Why? There are a number of reasons: We will list some of them.

1.      The Bible says that “blindness” is effectively the “consensus view” of world. The opinion of the majority is taken for truth, and indoctrination without critical examination.  However, spiritual lies have repercussions in the real world. Says Paul: “Having the understanding darkened, being alienated from the life of God through the ignorance that is in them, because of the blindness of their heart” (Ephesians 4:18).

2.      Many people are simply too harried, trying to live and survive from day to day. They are hardly inclined to ponder the greater significance of the problems and policies of the world.  Perhaps, the cares of this world have consumed them (Matthew 13:22).

3.      Many people are given over to indulgence and temporal amusement (Luke 21:34)…the proverbial “couch potatoes” of modern consumer culture. Or, in their narcissism, they simply do not care about anything other than their own fleshly satiation (Luke 8:14).

4.      Deliberate misinformation and deception—this is a societal condition in godless cultures…one that characterizes the entire world in the last days.

5.      And finally, the world does not have a Biblical worldview and does not accept the cosmological agenda that is underway. They reject the Lord. Therefore, they are without benchmarks and guidelines.

We have put this latter point last, so as to comment on it further. Critically, it should be first in the list. Readers no doubt seek to adopt a Biblical worldview, and in so doing can recognize the world’s populist and secular views. Though the Bible and its claim to absolute truth may be increasingly rejected and banned, it remains the only reliable benchmark of both truth and human conduct on earth. Of course, such a view is outright ridiculed today. Moreover, people holding such views are being openly attacked.

But, which perspective will be proven true—the world’s or that of the Bible? There is no other ancient historical document with such documentation, accuracy, consistent causality, and pedigree. While critics search for its flaws and make mountains out of small, irrelevant copyist errors, secular academia remains awed by its historical accuracy like no other ancient document of its scope.

Moreover, while the Bible may not be liked (Why? Because the Lordship of the God of Israel and the Bible is rejected); and though doubts and attacks have been heaped upon it over the millennia, it has never been conclusively disproved. To those who choose to accept its words as they are written and meant—whether they be academics, intellectuals, laypeople or babes—God’s inspired communications to mankind are thoroughly satisfying as Truth. It holds infinite depths that even the most brilliant humans cannot fully grasp. It is also true that, “The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit” (1 Corinthians 2:14).

As far as concerns the future, the Bible has never been shy to position itself contrary to the supposed wisdom of mankind and its elites. It has never suffered self-doubt. It doesn’t need to have all of its prophecies and wisdom validated over the next week or year. Whether over a human lifetime or a millennium, it can wait to prove itself. It has proven true and reliable to date. Impatience and a penchant for immediate fulfillment have always been the vulnerability of mankind, which has wanted to only hear what is pleasing and to have the predictions of its soothsayers come true right away.

Most certainly, a Biblical worldview provides the most truthful information and predictive insights, though not forecasts timed to the hour or the day. Of course, such a statement again will only prompt guffaws from the world’s “wise.” Especially so the economics community. This faculty of “fraudulent science” has worked hard to eliminate all admission of morality, concepts of right and wrong, the consequence of human action (i.e. wages of sin), and the basal, sinful nature of the lusts of mankind. Political economists are prime candidates as the modern-day equivalent to the false prophets of Old Testament times. More to the point, though revered as “scientists,” they are really behaving as godless shamans.

Today’s Shamans Defrocked

Economists, who cast themselves in the garb of the “wise men of prosperity”—providing consulting to high governments and institutions—are really the shamans of this age. They hold themselves out as the high priests of the religion of Mammon. After all, “prosperity” is the dominant religion today. It may take many forms; nevertheless, its views are both fraudulent and woefully temporal. How so?

Much macro-economic theory and political economy today, revered as it may be, is wrong. Its disposition is fundamentally godless. Consider these statements:

1.      It is a secular field of study subject to the whims of human psychology (which is also not a science).

2.      Moreover, today’s economic wisdom makes no reference to morality or the fallen nature of man. This is virtually never admitted.

3.      It is fraudulent in that it treats the behavioral choices of mankind as a science and ignores the metaphysical nature of Money and human affections.

4.      Additionally, it endorses the humanist prescriptions for the “happiness” of man.

Not only is its frame of reference godless, but also the errors and failures of modern-day theories of political economy and macroeconomics, are both manifold and well documented. The track record of the predictions of establishment economics is abysmal. There is no correlation to correctness whatsoever. This, of course, is no different than would apply to anyone who attempts to prophesy, whether by the reading of chicken entrails or complex econometric models of human behavior.

This allegation also applies to so-called Christians who are prophesying extra-biblical views, or even speculative interpreters of Bible prophecy that go beyond what Scripture actually says. It is only God’s prophets who spoke truth and whose pronouncements came to reliable fulfillment. And, moreover, these prophets were never sleeping lapdogs or hardly ever inclined to pander to people’s fleshly appetites.

But, let’s get back to today’s favorite “false prophets”…the modern-day world’s version of lying prosperity merchants. As a profession, economists have been woefully wrong. As John Kenneth Galbraith once quipped: “The only function of economic forecasting is to make astrology look respectable.” Their predictions are completely unreliable and often fraudulent and immoral, as we will yet show.

A staggering example of this was the eruption of the Global Financial Crisis (GFC) in 2008. The macroeconomics community did not see it coming. Instead, they continued to prophesy prosperity (as some still continue to do today). That said, there is not a small number of economists who are concerned about the complete failure and invalidation of their profession. To date, there still is no consensus among them as to the causes of the GFC and why it was not anticipated, though its roots are plainly seen by anyone with a measure of common sense.

However, the folly continues and worsens. That the financial and systemic problems around the globe remain serious, no doubt has contributed to an environment of urgency and desperation for policymakers seeking solutions. As such, even though macro-economic advisers have been resoundingly unfrocked and discredited, they still continue to have the ear of governments and transnational organizations such as the United Nations, the International Monetary Fund and others. Their prescriptions are therefore today even more ridiculous and corrupt, even overlooking the base immorality in the prescriptions of “modern-day political economy.”

The Laughable Advice of the False Priests

There were many causes of the Global Financial Crisis, some of these building up over decades. Policymakers had been spitting into the face of obvious consequences for decades. Eventually, this being several years ago, the breaking point arrived. But when we say that the causes are common-sensical—discernible to anyone with any common sense and moral fiber—we don’t necessarily mean to imply a simplistic analysis.

Did anyone ever really believe that aging populations would not have a serious effect on economic healthfulness? Just who thought up the great lie that financial markets and pensions systems would surely absolve societies from low birth rates? Just what basis was there for the belief that heightening debt levels and ever-widening wealth distribution imbalances would have no consequence? Wouldn’t supposedly intelligent economists know that the inflating of fictitious financial wealth only provides a false illusion of real wealth? Like a loaf of bread pumped up with yeast to several times its original size, it has not one iota more of caloric value than its unleavened version.

The source of all productive wealth (outside physical creation itself and everything else being equal) is human labor. Without humans and without labor, there could be no such thing as wealth. The Bible says “Children are a gift from the LORD; a productive womb, the Lord’s reward. As arrows in the hand of a warrior, so also are children born during one’s youth. How blessed is the man whose quiver is full of them!” (Psalm 127:3-5). Of course, people are free to make their own choices with respect to the choice of their “treasure.” However, doing so, one also chooses consequences.

In all seriousness (as this may be thought a joke), many economists today continue to argue that more debt is the solution to current economic problems. Without a doubt, soaring indebtedness and its handmaiden—the increasing concentration of wealth—has played a foundational role in setting the stage for the ground-shaking crisis now raging throughout the Western world. Therefore, would more debt and even richer elites be the solution? Actually, yes, say quite a number of economist scribes.

Even more remarkable, such policymakers as Dr. Ben Bernanke (head of the U.S. Central Bank) and Mario Draghi (head of the European Central Bank). These two most powerful central bankers in the world, are celebrated today for their actions of massive illicit money printing and contributing to increasing government indebtedness. In this they are considered to be acting lawfully, and moreover are considered geniuses for having supposedly forestalled deeper economic recessions.

However, the cheering section celebrates much too soon. The final and most terrible consequences have yet to come. Observers and commentators confuse the pleasures of sin with the wages of sin. Short-term deferrals only lead to greater consequences over the long-term. The Bible outlines the folly of denying these truths. The world is assured that it will reap what it sows. “Whoever sows to please their flesh, from the flesh will reap destruction” (Galatians 6:8).

Not surprisingly, such views are not to everyone’s liking. Public protests are therefore rising around the world. People are rejecting the solutions to past excesses and mistakes. Why? Because such actions are inconvenient and too regimented. Now that the harsh consequences of spendthrift ways, reckless and deceitful policies, have arrived, they now blame “austerity” policies for their hardships. If one has borrowed too much, is it then unjust suffering to be required to pay it back? If an individual or government has been a poor steward, living beyond their means, is it unreasonable to reduce one’s spending? Apparently so, according to the popular mores of societies today.

We see this same attitude displayed during the Tribulation period, according to Bible prophecy. Rather than acknowledging that the judgments are due to God’s wrath against their sins and idolatries, they continue to curse God. They do not connect the wrath to their wrongdoings. (See Revelation 16:9 “[…] they cursed the name of God, who had control over these plagues, but they refused to repent and glorify him.” See also verses 11 and 21.)

Ahab, King of Israel, took the same confused perspective, accusing Elijah of being the “troubler of Israel” (1 Kings 18:17). Elijah responded with the truth: “I have not made trouble for Israel…But you and your father’s family have. You have abandoned the Lord’s commands and have followed the Baals” (verse 18). Jeremiah’s warnings to the remnant of Judah who had fled to Egypt, was refuted with this same perverse thinking.

“We will not listen to the message you have spoken to us in the name of the LORD!  We will certainly do everything we said we would: We will burn incense to the Queen of Heaven and will pour out drink offerings to her just as we and our ancestors, our kings and our officials did in the towns of Judah and in the streets of Jerusalem. At that time we had plenty of food and were well off and suffered no harm. But ever since we stopped burning incense to the Queen of Heaven and pouring out drink offerings to her, we have had nothing and have been perishing by sword and famine” (Jeremiah 44:16-18).

In the same way, the world rejects the consequences of liberty misused. To this end, the world finds for itself lying “false high priests” that provide the sanctification and/or justification for their lawless ways. Not only can such distortions be found in any religion, it applies to all human belief systems. “Pleasant” prophecies (i.e. economic forecasts) are sought and correction is rejected. In this sense, we have the lapdogs of Wall Street and its sister industries around the world, that provide inventive sophistries to support any optimistic outlook no matter how dire the situation may look. Very few of them will bark when trouble approaches.

Like conditions described for Israel and Judah in the Old Testament: “[…] they did not listen or pay attention; instead, they followed the stubborn inclinations of their evil hearts. They went backward and not forward” (Jeremiah 7:24), we can certainly acknowledge that we are living in a time very similar: “[…] the Lord laughs at him because he sees that his day is coming! (Psalm 37:13). As in spiritual matters, so in all matters of human wisdom: “Where is the wise person? Where is the teacher of the law? Where is the philosopher of this age? Has not God made foolish the wisdom of the world?” (1 Corinthians 1:20).

Next, in the final part of this series, we will outline the Bible’s view on today’s global economic conditions and its outcome.

Mephistopheles & the Global Monetary Magicians :: by Wilfred Hahn

This past year, we have observed some remarkable, world-wide — and, we would even say, earth-shaking — developments. It would not be an exaggeration to say so and we will explain why. At the very least, another major turning point is evident. All of the world’s largest central banks have crossed the so-called “Rubicon.” They have gone past the point of no return. They knowingly and willing have chosen to brazenly “steal and thieve.” It is awe-striking to witness.

What signifies a turning point … a new defining moment in the slide to global financial bedlam? Recently, some unorthodox new policies were announced by a number of major central banks around the globe.

In August, Mario Draghi (the head of the European Central Bank (ECB)), announced that they would “do whatever it takes” to preserve the euro and the European banking system. He basically threatened financial markets to take him at his word. They did, and both European bond and stock markets soared, thinking that no matter how severe the financial state of the Eurozone, the central bank could be relied upon to eventually bail everyone out.

A few weeks later, the U.S. Federal Reserve Board (FRB) also demonstrated its resolve to print unlimited money (though claiming it will sterilize its purchases, for those who follow such things). It announced QE3 (Quantitative Easing #3, a third program to flood the economy with money deposits). Ben Bernanke, the head of the FRB, stated that he would do so “without limit” and assured financial markets that ZIRP (zero interest rate policy) would extend into the year 2015.

Meanwhile, the Bank of Japan announced one more of its “quantitative easings,” the eighth by some counts. The monetary battles and currency wars of the world’s central banks are in full swing.

It likely would not be surprising to most that the U.S. and Europe are still suffering from the after-effects of the conditions that led to the Global Financial Crisis (GFC). Government budget deficits are still large, economies are weak, and government debt levels continue to shoot higher amongst other ailments. However, it is not only the weak countries that are suffering but also the strong. How so? Because, given the globalized and integrated world-wide financial system, any financial imbalances or disturbances will radiate everywhere, touching everyone.

Particularly tragic is that countries such as Switzerland (also Canada, Singapore and others) which historically have been seen as stable countries are also being adversely affected. As investors and depositors flee from financially-teetering countries (such as Greece, Spain and others) they seek safe investments.

As such, for example, Switzerland is literally overwhelmed with flight capital. However, this deluge of money pushes up the exchange rate of the Swiss Franc. This, in time, severely impedes its export trade as manufacturers become uncompetitive due to an over-valued currency. Here we see that drowning swimmers, in their panic, pull under the strong swimmer as they grasp for safety. What we here witness is that major crises today are global, affecting the entirety of humanity. All will be pulled into the vortex of crises and instabilities.

Most tragic is that the Swiss National Bank (SNB), the central bank of a rather small country (ranking the 19th   largest in the world in terms of the size of its economy) that has historically been considered a “hard money” institution (meaning, highly protective of the value of its currency) has decided that monetary integrity is much too costly. The SNB joined the “stealing and thieving” fraternity and began to buy in any and all European bonds to help stop the rise of its currency. To date, the cumulative money expansion of the SNB (i.e. the size of its balance sheet) is now equivalent to 79% (yes, this is correct, seventy-nine percent!) of the annual economic output (GDP) of Switzerland. This is unprecedented; more than three times the average of other major central banks.

Accelerating Trends with No Return

Without a doubt, we are now in an era where the major central banks of the world are desperate. They have chosen to break all the rules and have abandoned any semblance of probity and integrity. They are manipulating monetary systems and are creating “infinite” money as never before, openly and brazenly corrupting the “scales.” As Mario Draghi was quoted as saying recently in an interview with the Spiegel magazine: “We are also currently in a crisis that was previously inconceivable.  It is therefore not very helpful to compare our measures with the past.”

It is madness. Anyone with any common sense knows full well that such monetary magic cannot solve the problems at hand.  At best, these tactics only serve to delay the ultimate outcomes. However, the more the delay, the more disastrous the final outcomes. That may yet take some time to unfold; or it may not.  The exact timing of such turning pints are impossible to predict.  Some observers have commented that while it may take a long time for crises to finally break out, when they do unfold they do so extremely quickly.  As Vladimir Lenin was to have said: “There are decades when nothing happens; and there are weeks where decades happen.”

We would not be surprised that this will be the case, as several Bible prophecies leading to the Tribulation period mirror the same condition. The Lord may be tarrying but when the time of judgment arrives, it will unfold lightning quick.  For example, the final power regime that will rule the world just prior to the appearance of the Antichrist will come to form very quickly and will be on the stage for only “one hour” (Revelation 17:12).  And, the Antichrist, who is also identified as the 8th king who belongs to the prior 7 world hegemon kingdoms, he will exist but a “little while” (Revelation 17:10). “While people are saying, “Peace and safety,” destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape”  (1 Thessalonians 5:3).

Enter the Mammon Lure of the Infinite

While we may already have a sense of the identity of the monetary magicians to whom we referred in this article’s title (namely, the central bankers), but just where does Mephistopheles come into this discussion?

Recently, Jens Weidman, President of the Bundesbank (Germany’s central bank), who is a sharp critic of the policies of the European Central Bank, made the connection to Mephistopheles. He recalled the policies of Mephistopheles (this being the demon devil in Goethe’s version of Faust) attributing such similar policies to Mario Draghi, (head of the European Central Bank). The comparison is certainly apt, though really applying to most all central bankers, not just Mr. Draghi.

In Faust, Mephistopheles makes this recommendation to the Emperor:

“Such paper, in the place of actual gold, is practical: we know just what we hold … But wise men will, when they have studied it, place infinite trust in what is infinite.”

Perhaps wise men will be able to tame the metaphysical powers and carnal lures of “infinite” money but not desperate and unprincipled people. So long as mankind will choose to serve Mammon (and bend its ear to consider its wicked temptations to gain and wealth) Mephistopheles will be able to organize and commandeer an unlimited number of antichrists to do his bidding and not God’s. “[…] even now many antichrists have come. This is how we know it is the last hour” (1 John 2:18).

Yet, in view of the economic trials and troubles being experienced by many nations around the world, it was only a matter of time before central bankers threw all caution and integrity to the wind. This deterioration in values is a natural handmaiden to the relativistic bent of increasingly humanistic and materialistic societies.

While the fractional-reserve system (upon which our modern-day monetary systems are based) has always embodied an element of sanctioned trickery and thievery, in the main, it is only since 2007 (the start of the Global Financial Crisis) that the major central banks all together began to invoke monetary policies that were extremely unorthodox.

Concerned that a major economic depression would unfold as a result of the many crises of financial institutions in 2007 (some of the biggest banks in the world and major Wall Street firms were technically bankrupt) central banks slashed interest rates to the bone. They did so in a coordinated fashion around the globe, more so than ever before. Even though a major contributor to the financial frailties was over-indebtedness, an express aim of these low-interest rate policies was to restimulate debt growth … to create more of “what is infinite.” But just how did the world come to such a point where central banks had such overweening power?

The Root of the Infinite Lures of Mammon

Once upon time there were only a few central banks in the world. Only as recently as the year 1900, there were 18 such institutions in the world. At the time, all of these were in Europe, with the exception of the Bank of Japan. The gospel of central banking then spread widely between the two World Wars. By 1980, over 100 or so were in operation. After the rapid spread of globalization, there are now over a 170. Even former and presently Communist countries followed suit. Consider that China’s central bank is today the second largest in the world!

By and large, all central banks have adopted the same basic operating policies. They claim that they can regulate the ebb and flow of inflation as well as debt growth in the commercial banking system. They do so through various means (the details of which we will spare the reader). Some central banks may be more constrained than others due to different country statutes and laws.

All the same, all central banks have one most powerful ability. Technically, they can “create” money out of thin air. Think about this for a moment: You the reader, and this writer, can only accumulate money through earnings and investment gains. We cannot lawfully create money; perhaps adding zeros to our bank account, or printing counterfeit notes. However, a central bank can effectively redistribute the existing savings of the entire country (and, we should add, the whole world) by creating more money.

As has been happening, and most notably this past half year as already partially explained, central banks have created a lot of money. To this point, much of this money may remain inactive as bank deposits due to economic uncertainty. Nevertheless, consider the scale of central bank interventions over these past five years. For example, the U.S. Federal Reserve is buying some $85 billion in government and mortgage-backed bonds every month. It simply buys them, and by doing so, adds “instant” money to the commercial banking system.

All told, this is an immense amount of money and therefore also a significant destabilization of U.S. wealth distribution. Consider that $85 billion per month is an annualized rate of $1.02 trillion, not much less than the U.S. government’s budget deficit. Believe it or not, dysfunctionalities have progressed to the point that some financial observers are concerned that there will be a shortage of longer-dated U.S. treasury bonds. It is hard to imagine that this could be true of a country with a government that must continue to issue over $1 trillion in treasury securities every year due their still-massive budget deficit.

These massive distortions do not stop here. Globally, we note that the 8 largest central banks of the world have expanded their balance sheets (an indication of how much money they are pushing into the commercial banking system as well as non-bank sectors) from $5 trillion to $15 trillion since 2007. These figures are so large, they are impossible to gauge. Today, these central banks have swelled in size to the equivalent of nearly 24% of world GNP (gross national product)! This seems unbelievable. Yet, it is fact. Will there ever be any limits? Likely not.

To date, these activities have been largely ineffective in producing employment gains and acceptable economic growth. As such, the central banks are frustrated and desperate.

Mainly, this is because most households are reluctant (or may no longer quality) to borrow money. Many people are too concerned about their future retirement, existing debts, or equity losses in their homes to consider borrowing money. The lessons of the Global Financial Crisis are still much too fresh. Given the corruptions and self-interest of Wall Street, households are no not likely to “trust in the infinite” that the so-called wise men of monetary policy are foisting upon them.

Similarly, corporations are reluctant to spend money on capital projects or increased labor income due to uncertainties. As such, U.S. corporations today sit upon record cash holdings, recently surpassing the $2.0 trillion level, an all-time record.

As a consequence, much of the “money printing” of the central bank sits idle as cash deposits or as reserves with the central bank. This is a main reason why consumer price inflation has yet to rise sharply. For this and other reasons, central bankers pat themselves on the back for having done a good job of saving the world from an economic depression. But, they speak much too soon. Eventually — and most assuredly — mankind will reap what they have sown. “They sow the wind and reap the whirlwind” (Hosea 8:7).

Thoughts to Ponder

Mephistopheles’ alluring recommendation has wreaked its intended havoc. Once on the path of infinite money, there is no easy road back. In a recent speech, Richard W. Fisher, head of the Federal Reserve Board of Dallas, (one of the few realists in the U.S. Federal Reserve System, and a man who has the courage to recognize the facts) said the following:

“The truth, however, is that nobody on the committee, nor on our staffs at the Board of Governors and the 12 Banks, really knows what is holding back the economy. 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 ability to “create” unlimited money (either technically, temporarily, or permanently) is a most powerful weapon. Yet, it remains that governments cannot alone create wealth or growth. They can most certainly delay the consequences of bad policies. But they cannot prevent the ultimate damages of past excesses. Ultimately, all destruction of productive capital will come to roost, though it results may be diverted for a time.

God did not give mankind the ability to create wealth fictitiously, but only through labor and savings. Nevertheless the human has always been prone to believe “get rich” schemes. In this sense, modern-day central bankers delude themselves as well as all people who put their hope in them.

There is no thing as a free lunch. Similarly, there is no such thing as costless, fabricated money. Ultimately, all money is owned by someone or some entity. When money is created fictitiously by the stroke of a pen, it may seem effortless, but it is not free. Overtime, it causes painful societal distortions, economic dysfunctions and uneven wealth distribution. It all leads to (or is symptomatic of) increasing distrust and lawlessness at many levels.

Yet, for the time being, the world chooses to believe what it wants to believe. In the same spirit of the Old Testament Israelites, the world says “Give us no more visions of what is right! Tell us pleasant things, prophesy illusions” (Isaiah 30:10).

The conversion of the whole world to the gospel of “infinite money” is near complete and fully integrated globally. The entire world is its host — its prey. It is a phenomenon that has swept the globe in a very short space of time … these being the very last of the last days. You can be sure that such conditions, as are born out of a corrupt monetary system as we see today, will play a defining role in leading the world to its foreknown destiny as described in the Bible.