Major
changes in the world as Babylon falls
Apr 07, 2014 by Stephen E. Jones
Alternate fuels have been
around for the past century, but the big oil companies have suppressed them in
order to sell its own product (oil). But with the nearing demise of the US
dollar and the rise of Russia, propelled by its oil and gas sales, it seems that
a new tactic is emerging in the economic war. The US Navy is now announcing
that they have suddenly discovered how to convert seawater into CO2 and
hydrogen. The plan is to equip its ships with this capability by 2015.
I believe the US government
is hoping to undercut the need for Russian oil by suddenly “discovering”
alternate fuels. As long as the big US and European oil companies reigned
supreme, alternate fuels were suppressed. Patents were bought up and buried.
But now that Russia is becoming an economic powerhouse from its oil and gas
sales, it has forced the US to disgorge some of its suppressed technology in an
attempt to retain its position as a world power.
In fact, I have long
suspected that there was a hidden reason why the Bakken oil field began to be
developed in recent years in North Dakota. It comes at a time when the US
relationship with the Saudis is fraying at the seams. After the US covert
operations led the overthrow of President Mubarak of Egypt (in the guise of the
Arab Spring democracy movement), the Saudis in turn overthrew the US-backed
Muslim Brotherhood government of the new President Morsi. The Saudis then gave
$6 billion to support the military government that replaced Morsi. That was a
slap in the face to the US and to President Obama.
The second heated exchange came when the USA
had to back down in Syria, after the Saudis agreed to help overthrow President
Assad. Russia stepped in and stopped a US-led invasion plan, and this angered
the Saudis even further.
Saudi Arabia sees the US as becoming
increasingly impotent and is now turning East (China) for its support and
protection. Dr Jim Willie believes that even though the Saudi government (which
is Sunni Muslim) hates Iran (which is Shi’a), the Saudis will swallow their
religious pride and make a hard business decision to join with Iran in the
Eurasian Trade Zone with Russia, China, and India—and by extension all of the
BRICS nations. Willie thinks that the defection of Saudi Arabia from the West
to the East will mark the final collapse of the dollar. Why? Because the
petro-dollar was born in Saudi Arabia in 1973 when they agreed to accept only
dollars in payment for Saudi oil.
The Result of Trade Sanctions
The landscape is changing rapidly. A couple
years ago the US imposed sanctions against Iran and cut them off from the SWIFT
system, whereby payments for international trade are made in dollars--the
"world currency." India, however, still wanted to buy Iranian oil, so
they developed a new way to bypass the Fed. India now pays Iran in gold, using
Turkey as its intermediary. This marked the start of a whole new trade
settlement system that has returned to the gold base that had been abandoned in
1971.
The US government itself forced this to
happen by issuing trade sanctions.
The US is now trying to impose trade
sanctions on Russia. Once again, the plan is backfiring. It is one thing to
sanction Iran, quite another to sanction Russia, which stretches out for 14
time zones and is backed by China. Sanctions give the appearance of not
allowing other countries the PRIVILEGE of using the US dollar in international
trade. But treating the use of the dollar as if it were a privilege is a fatal
mistake. In the end, those sanctions have made it desirable to break the Fed’s
monopoly on wire transfers by setting up an alternative system.
This erodes the US dollar as the world
currency, because nations can make whatever alternate arrangements that they
wish between each other. If they are forbidden to make payments in dollars,
using the SWIFT system, then they can always set up a competing system that is
sanction-free.
The BRICS nations have already done this last
year, setting up their own trade settlement bank in South Africa (the
"S" in BRICS). Sanctions on Russia (the "R" in BRICS) will
only accelerate the demise of the dollar's importance in world trade payments.
Why should a nation have to pay for imports using US dollars--and pay the fee
(tax) to the Fed--when they can just use each other's currencies and save
billions of dollars in the process?
Germany, the European Pivot Nation
It seems that Germany will be the deciding
factor in this battle between East and West. It is reported that 90% of German
corporate leaders are pro-Russian in this conflict and will not allow their
government to impose any serious sanctions on Russia. They have too much to
lose in the way of business deals, to say nothing of their need for Russian oil
and gas. In the end, politics is dictated by economic interests, regardless of
the power brokers' wish lists. If the US tries to sanction Russia as they did
Iran, Russia will simply force every European country to pay for its oil and
gas in roubles, gold, or perhaps even euros. They will bypass the dollar
altogether. Such a scenario would be the end of King Dollar, and the US will be
relegated to an armed-and-dangerous third world economic power.
If the US pushes Europe too hard, they will
be forced to take sides. They will choose Russia over the US, simply because
the rest of the world is getting very tired of US bullying. Up to now, they
have tolerated it because of the economic benefits or military protection that
such a relationship offered. But the world is fast changing. When the US no
longer has an economy that can support its foreign imports, it will find itself
friendless and isolated in the world.
Americans will be baffled and outraged that
they helped so many nations through foreign aid and disaster aid, only to find
those countries turning against us. "Ungrateful wretches!" they will
shout, not knowing that all that foreign aid was not really "aid" at
all but a bribe that bought foreign leaders' allegiance. Much of that aid went
into the personal bank accounts of corrupt foreign leaders. Americans will not
understand, because they cannot believe that their own government would be
anything but benevolent.
The Eroding Power of Babylon since 2007
Everything began to change in 2007 with the
subprime mortgage crisis, followed by the 2008 banking crisis. If you followed
our ministry in past years, you will remember that we conducted a 13-year
"Jubilee Prayer Campaign" from 1993-2006 for the overthrow of
Babylon, designed to set God's people free and to establish the Kingdom of God.
When we made our final decree at Babylon, NY on October 7, 2006, we then held a
Tabernacles conference in Reading, PA the following week end. There I explained
that Babylon would begin to collapse within a year. The subprime mortgage
crisis surfaced in July 2007.
In the months and years that followed, the
politicians and economists all insisted the recovery was just around the
corner, citing past precedents. But this was no ordinary collapse. The whole
system was broken. The seeds of its debt-system were sown into the system
itself from the beginning, and this ensured that eventually, it would collapse
in the wake of its self-created load of debt. The banks and government have
tried hard to prop it back up and to manipulate the stock market, but this is
becoming increasingly impossible to sustain. They have tried to sustain the
value of the US dollar by manipulating the price of gold downward, but this has
only caused other countries to buy gold at bargain-basement prices. The US has
no more gold, in spite of its lies about gold in Fort Knox.
When all of this hits the surface (this year,
I believe), Americans will be in a state of shock.
There are still a few more tricks that the US
government can do to prop up its corpse besides applying more lipstick and eye
shadow. There is little doubt that they will nationalize pension funds and
retirement funds, taking the money and replacing it with an IOU (treasury bonds).
They already did this with the Social Security Trust Fund back in the 1990's,
which made it look like the government was running a surplus in those
"good" Clinton years. They are even now planning to do this again,
but this time with all retirement funds. Their retirement fund will be
turned into a government welfare program. The retirement checks will not stop
coming, but everyone will become dependent upon the government.
The other trick the government can do is to
do a Cyprus-style "bail-in" by taking a so-called "wealth
tax." In other words, they could take 10% of everyone's bank accounts and
tout it as "an emergency one-time tax." Of course, the billionaires
will know about this ahead of time, so they will move their money overseas to
safe havens, leaving the rest of us to be robbed.
These are events that we should consider to
be the death-throes of the current form of US government. What will it look
like politically? It will be a virtual dictatorship, whether they declare
martial law in public or not.
It used to be prudent to save money. That was
when the inflationary rate was low. When high inflation came in the late 1970’s
as the result of going off the gold standard, it became more prudent to spend
money on things that were going up in price, such as houses and land. The
subprime mortgage crisis in 2007 suddenly brought about a collapse in housing
prices, ending thirty years of land and houses as a good store of value.
Since that time, as the big banks and the US
government have struggled with insolvency, Americans have to change their way
of thinking and must develop a new way of thinking. When governments get
hungry, people must hide their food.
In today’s world, where the government itself
presents the greatest danger to personal wealth, those who have savings or
retirement accounts can no longer assume that their money is protected by law
and the justice department. It is better to spend the money on things which
have more stability. Many are suggesting gold, silver, or other metals. Paper
contracts are insufficient—such as a paper that says you own a certain amount
of gold somewhere in cyberspace. Paper is only as good as someone’s ability to
make good on the contract.
My own way of thinking is that whatever money
I own is now at its highest value and will only go down in value as time
passes. At some point it may drop 50% if the guacamole hits the fan. It is
better to use money today than try to use it later when it is worth much less.
Unfortunately, many are still stuck on the
old mindset of the past, where savings accounts made good sense. Back in those
days “a penny saved was a penny earned.” Nowadays, a penny saved is a
half-penny earned. Those who cannot change their old mindset will be the ones
who will suffer most.
Here is where it is most helpful to
understand Bible prophecy. If we understand that the Western Fed-based monetary
system is the core of Mystery Babylon (as a governmental system), then we can
start to grasp the meaning of its collapse when God overthrows it.
Revelation
18:11 makes it clear that the economic system will be affected the
collapse. This will affect everyone in some way, but the better one understands
financial matters, the better able one will be able to lessen the pain—or even
to prosper in it.
