Tuesday, August 10, 2021

Economic Collapse --> One World Currency




The United States, like many other countries, is headed for bankruptcy. We have already seen it on a small scale with countries like Greece. One of the ways that the debt owed by countries may be handled in the near future is to do what has been done before with borrowers and their loans. One way is to refinance. When one has gotten the lowest possible rate and payments are still too high, then the next alternative is to extend the term of the loan, the time it takes to pay it back with interest (called the amortization period). There is also what is called "shortening" or "renegotiating" the amount owed down, a kind of discount. Therefore here is what may happen, especially in view of the present agenda of the World Economic Forum and the many world leaders who support its statements and mission, that is, post the pandemic. 

Creating a one world currency will go hand in hand with a one world government (at first with limited powers). The one world currency will be part of the new global economic and banking system. All the debt of the nations of the globe will be through the world bank and its new currency. It will be refinanced at near zero rates with terms of 50-100 years amortization schedule. With such low debt payments nations will spend billions on new mega building projects, construction of new modern cities. They will also have a new source of increased loans from the world bank as needed. We should all consider the wise proverb that says "the borrower is slave to the lender" (Prov. 22: 7). With economic power comes political power. 

Another possibility that some have suggested might happen is a kind of debt "Jubilee" where all debt is cancelled and everyone starts out fresh.

There are of course other possibilities. But, the time seems right for the fulfillment of biblical prophecy in regard to the end time world empire of the beast, a time when all who do not receive the mark of the beast will be unable to buy or sell, and who will be martyred.

The technology to regulate individual commerce between people has never existed before but it exists today. These are both exciting and fearful times. Let us keep watch and be sober.

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