The Coming Economic Flood (Day Of Reckoning ?)

If not for the continual regular intervention of central banks, the global financial system will have collapsed.  We can see the unprecedented market intervention firepower that went from desperate to absurd in the last decade timeline.

Nov 2008 US Federal Reserve (Fed) started buying the debt of government sponsored enterprises and mortgage related securities in the secondary market.
Mar 2009 The Fed extended the program to include US treasuries which began the QE program.  She ran three sequential QE programs.
  Bank of England started its QE program.
Oct 2010 Bank of Japan started its QE program.  Also started to buy ETFs linked to Japanese stock market and continue to buy whenever the stock market falls more than a certain percentage points by mid day.
Mar 2015 ECB started its QE program.
2017 Central bank stimulus set record in 2017.  Together they pushed over USD 2 trillion worth of artificial central bank liquidity into the global markets through asset purchase programs.  (pre-covid 19 record).
Dec 2018 The People’s Bank of China started to support the domestic banking sector by injecting hundreds of billions of USD worth of liquidity into the system.
Jan 2019 The US Fed Reserve made attempts to increase interest rates to stop the market rout which threatened to topple the US credit markets.
Mar 2019 The US Fed Reserve made U turn and started rates cut.  Stopped the balance sheet normalization program.
Sep 2019 The Fed continued market bailout operations.  The repo markets clogged up and the QE program was re-started by purchasing USD 60 billion per month from October 2019.

It was clear that the global financial system was in serious trouble by the end of 2019.  And with the pandemic lockdown in the first quarter of 2020, the market intervention by the central banks, especially the Fed, went from desperate to absurd.  The Fed ended up backstopping U.S. Treasury markets, corporate commercial-paper and municipal bond markets and short-term money-markets. The Fed essentially socialized the markets.  With such absurd socialization of all major markets by major central banks, the investors are pushed to even riskier financial market products. The balance sheets of central banks are now investment vehicles with no boundaries.  The whole system is now so extremely fragile which requires even bigger bailout to stop it from implosion.  The QE addiction is absolute and without regular infusion of QE drugs, the system will collapse.

Will the global financial system collapse by September 2022 ?

(All information is gleaned and re-presented for easy reading from the following article.  https://www.zerohedge.com/markets/extremely-dangerous-game-central-bankers-extend-pretend-has-increased-risk-catastrophic/ )

 

Rock And Foundation Of The Church

Matt 16:13-18

When Jesus came to the region of Caesarea Philippi, he asked his disciples, “Who do people say the Son of Man is?”  They replied, “Some say John the Baptist; others say Elijah; and still others, Jeremiah or one of the prophets.” “But what about you?” he asked. “Who do you say I am?” Simon Peter answered, “You are the Messiah, the Son of the living God.” Jesus replied, “Blessed are you, Simon son of Jonah, for this was not revealed to you by flesh and blood, but by my Father in heaven. And I tell you that you are Peter (Petros meaning “stone”) and on this rock (Petra) I will build my church, and the gates of Hades will not overcome it. I will give you the keys of the kingdom of heaven; whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven.” Then he ordered his disciples not to tell anyone that he was the Messiah.

Luke 16:20-31

 “There was a rich man who was dressed in purple and fine linen and lived in luxury every day. 20 At his gate was laid a beggar named Lazarus, covered with sores and longing to eat what fell from the rich man’s table. Even the dogs came and licked his sores. “The time came when the beggar died and the angels carried him to Abraham’s side. The rich man also died and was buried. In Hades, where he was in torment, he looked up and saw Abraham far away, with Lazarus by his side. So he called to him, ‘Father Abraham, have pity on me and send Lazarus to dip the tip of his finger in water and cool my tongue, because I am in agony in this fire.’ “But Abraham replied, ‘Son, remember that in your lifetime you received your good things, while Lazarus received bad things, but now he is comforted here and you are in agony. And besides all this, between us and you a great chasm has been set in place, so that those who want to go from here to you cannot, nor can anyone cross over from there to us.’ “He answered, ‘Then I beg you, father, send Lazarus to my family, 28 for I have five brothers. Let him warn them, so that they will not also come to this place of torment.’ “Abraham replied, ‘They have Moses and the Prophets; let them listen to them.’ “‘No, father Abraham,’ he said, ‘but if someone from the dead goes to them, they will repent.’ “He said to him, ‘If they do not listen to Moses and the Prophets, they will not be convinced even if someone rises from the dead.’”

Eph 2:19-20

Consequently, you are no longer foreigners and strangers, but fellow citizens with God’s people and also members of his household, built on the foundation of the apostles and prophets, with Christ Jesus himself as the chief cornerstone. In him the whole building is joined together and rises to become a holy temple in the Lord. And in him you too are being built together to become a dwelling in which God lives by his Spirit.

From Luke 16:20-31, we can easily interpret that “Moses and the Prophets” in the parable refers to God’s revelation to Moses and the Prophets which is the Old Testament Scripture, and it is noteworthy to note that “Moses” is mentioned in such a way to signify Moses’s prominence among the prophets.

Our Lord had given Simon another name Peter (petros meaning a small stone), and in a play of words, He said He would build His church upon the Rock (petra).  Just like Moses was prominent among the prophets so was Peter among the apostles. Apparently he was the first to make the divinely received confession that Jesus was the Messiah, Son of the living God. Peter’s prominence can be seen in several other ways.  Four lists of the twelve apostles in the New Testament – Matt 10:2-4, Mark 3:16-19, Luke 6:13-16 and Acts 1:13 – put Peter first in the list.  He was the first to announce the gospel to the Jews (Acts 2:14–41). Together with John, he confirmed the inclusion of the Samaritans in the church (Acts 8:14–25). Finally, he was instrumental in the conversion of the first Gentiles (Acts 10–11).

It is clearly mentioned at Eph 2:19-20 that the foundation of the church to be built upon is the “apostles and prophets”.  And looking at the whole counsel of the various passages, we can easily infer that “Moses and the prophets” and “Peter and the apostles” refer to their divinely received revelation which are the Old Testament and New Testament Scripture respectively with our Lord – being revealed as the Messiah, Son of the living God – as the Chief Cornerstone. In short, it is just “apostles and prophets” in Eph 2:19-20 which refers to God’s divine revelation through the apostles and prophets contained in the New Testament and Old Testament Scripture today.

Heb 1:1-3 affirmed the same :

In the past God spoke to our ancestors through the prophets at many times and in various ways, but in these last days He has spoken to us by His Son, whom He appointed heir of all things, and through whom also He made the universe. The Son is the radiance of God’s glory and the exact representation of His being, sustaining all things by His powerful word. After He had provided purification for sins, He sat down at the right hand of the Majesty in heaven.

Matter Of Truth And Matter Of Conscience

Luke 11: 14-23

Now he was casting out a demon that was mute. When the demon had gone out, the mute man spoke, and the people marveled. But some of them said, “He casts out demons by Beelzebul, the prince of demons,” while others, to test him, kept seeking from him a sign from heaven.But he, knowing their thoughts, said to them, “Every kingdom divided against itself is laid waste, and a divided household falls. And if Satan also is divided against himself, how will his kingdom stand? For you say that I cast out demons by Beelzebul. And if I cast out demons by Beelzebul, by whom do your sons cast them out? Therefore they will be your judges. But if it is by the finger of God that I cast out demons, then the kingdom of God has come upon you. When a strong man, fully armed, guards his own palace, his goods are safe; but when one stronger than he attacks him and overcomes him, he takes away his armor in which he trusted and divides his spoil. WHOEVER IS NOT WITH ME IS AGAINST ME, and whoever does not gather with me scatters.

Luke 9 :49-50

John answered, “Master, we saw someone casting out demons in your name, and we tried to stop him, because he does not follow with us.” But Jesus said to him, “Do not stop him, FOR THE ONE WHO IS NOT AGAINST YOU IS FOR YOU.”

In my other article on the same subject, I shared that for matter of truth,  Christians should have unity but for matter of conscience,  we can have liberty.

Here is another example from the above 2 Scriptural passages concerning matter of truth and matter of conscience. You will notice that for matter of truth concerning the Personhood of our Lord in Luke 11:23, there is no liberty to disagree but strict adherence.  “Whoever is not with Me is against Me.”

But for matter of conscience concerning Christian service, such as casting out of demons in Luke 9:50,  there can be some liberty to agree to disagree.  “(Though not with you), the one who is not against you is for you.”

Normalcy Bias

Prov 27:12 NLT

A prudent person foresees danger and takes precautions.
    The simpleton goes blindly on and suffers the consequences.

Our Lord had mentioned several times in Scripture that many will still be caught unawares despite the fact that He had given the signs and warnings concerning the end times.  It is really predictably irrational that even when the signs and mathematical certainty are there for any event, many will still be caught unawares.  It is a psychological state known as normalcy bias.  This state causes people to under-estimate the possibility of an impending disaster and the severity of its consequences.  They assume the event will not happen as it has never happened before.  People in this state tend to downplay the signs and infer a less severe outcome.

Of course, there are also people who over-react.  They will cry wolf every time some signs are evident.  Both are extremes to be avoided.

In the article “The Normalcy Bias and Bible Prophecy” by Todd Strandberg,  he writes, “One of the most tragic examples of the normalcy bias is the experience of the Jews in Nazi Germany.  Barton Biggs, in his book, Wealth, War and Wisdom, gave a very good description of what happened :

By the end of 1935, 100,000 Jews had left Germany, but 450,000 remained.  Wealthy Jewish families…kept thinking and hoping that the worst was over.  Many of the German Jews, brilliant, cultured, and cosmopolitan as they were, were too complacent.  They had been in Germany so long and were so well established, they simply couldn’t believe there was going to be a crisis and that would endanger them.  They were too comfortable.  They believed the Nazis’ anti-Semitism was an episodic event and that Hitler’s bark was worse than his bite.  They reacted sluggishly to the rise of Hitler for completely understandable but tragically erroneous reasons. Events moved much faster than they could imagine.”   (The above message is extracted from my book, The Coming Economic Flood.)

With the bleak economic results for the first 2 quarters of this year and negative growth forecast for the rest of the year and the ongoing pandemic second wave causing the reopening of the economies around the world to be delayed,  it will be foolhardy for anyone to believe in a soon and quick V shaped economy, and does nothing to prepare for a longer recession.

A few steps are necessary to overcome such a normalcy bias :

  1. Accept such times are in God’s end time timeline.
  2. Pray to God for wisdom.
  3. Assess the threat one will face.
  4. Sit down to plan and act right away to tide over.

It is better late than never to act to overcome one’s normalcy bias right away.

 

My “Cornelius” Encounter

In the early days of my missionary foray into the neighboring countries,  I was led by the Spirit of God to a place which was hostile to our faith.  Just as I had a “Damascus” moment like St Paul,  I had this “Cornelius” encounter like St Peter also.

A local missionary, who eventually acted as my translator, informed me that there was this patriarch who was very keen to know the meaning of the parable of the sower.  I jumped at the chance and went to his home.  His family was already seated down waiting for my arrival.  Given the hostility towards the gospel in this place,  the incident convinced me that God would draw these people who sought Him to the saving grace of our Lord Jesus, despite the definite persecution if their eventual new faith come to light in their community.

This was my first mission to share the gospel in this nation.  Subsequently I went to a few villages to share the gospel with his friends.  In one particular village, one religious leader warned me about “stirring the water and making it muddy”.    I understood his warning.  Later, he believed in Christ and because of his intellect, he was able to share the gospel effectively in these villages.  And soon,  there was 105 baptized members in the fellowship led by these patriarchs of their families.   I took upon myself to teach these leaders regularly in the city near their villages.  All thanks and praise to the Lord for this phase of training in my faith journey.

Admonishment Using Ironic Words

1 Cor 4:8-14

You are already full!  You are already rich!  You have reigned as kings without us—and indeed I could wish you did reign, that we also might reign with you!  For I think that God has displayed us, the apostles, last, as men condemned to death; for we have been made a spectacle to the world, both to angels and to men.  We are fools for Christ’s sake, but you are wise in Christ! We are weak, but you are strong!  You are distinguished, but we are dishonored!  To the present hour we both hunger and thirst, and we are poorly clothed, and beaten, and homeless.  And we labor, working with our own hands.  Being reviled, we bless; being persecuted, we endure,  being defamed, we entreat. We have been made as the filth of the world, the offscouring of all things until now.  I do not write these things to shame you, but as my beloved children I warn you.

Paul had used ironic or sarcastic words to admonish the Corinthian church. They prided themselves on the abundance of everything – spiritual gifts, luxury, comfort and ease.  They had no sense of need. They acted as though they were reigning already. Paul had stated clearly that his purpose was not to shame but to warn (1 Cor 4:14) and he did it in the spirit and zealousness of love for he called them his beloved children.

But sadly today, many have wandered from the truth and such admonishment will come across as judgmental.  Pastors who voice such admonishment,  like Paul, today will be construed as “ranting” against the respectable Christendom for leaving them out of their fellowship.

“It is positive disloyalty to seek our crown before the King gets His. Yet this is what some of the Christians at Corinth were doing. The apostles were bearing the reproach of Christ. But the Corinthian Christians were “rich” and “honorable”. They were seeking a good time where their Lord and Master had such a hard time.” – H P Barker. (Believer’s Bible Commentary)

 

 

 

Come, Bless The Lord

Psalms 134:1-2

Come, bless the Lord, all you servants of the Lord

Who stand by night in the house of the Lord

Lift up your (holy) hands to the holy place

And bless the Lord.

Postscript To “The Coming Economic Flood”

Rev 18:1-10

After this I saw another angel coming down from heaven, having great authority, and the earth was made bright with his glory. And he called out with a mighty voice, “Fallen, fallen is Babylon the great! She has become a dwelling place for demons, a haunt for every unclean spirit, a haunt for every unclean bird, a haunt for every unclean and detestable beast. For all nations have drunk the wine of the passion of her sexual immorality, and the kings of the earth have committed immorality with her, and the merchants of the earth have grown rich from the power of her luxurious living.” Then I heard another voice from heaven saying, “Come out of her, my people, lest you take part in her sins, lest you share in her plagues; for her sins are heaped high as heaven, and God has remembered her iniquities. Pay her back as she herself has paid back others, and repay her double for her deeds; mix a double portion for her in the cup she mixed.  As she glorified herself and lived in luxury, so give her a like measure of torment and mourning, since in her heart she says, ‘I sit as a queen, I am no widow, and mourning I shall never see.’  For this reason her plagues will come in a single day, death and mourning and famine, and she will be burned up with fire; for mighty is the Lord God who has judged her.” And the kings of the earth, who committed sexual immorality and lived in luxury with her, will weep and wail over her when they see the smoke of her burning. 10 They will stand far off, in fear of her torment, and say, “Alas! Alas! You great city, you mighty city, Babylon! For in a single hour your judgment has come.”

In my book, The Coming Economic Flood, I recounted that God gave me some visions and the very first vision, the 911 terrorist attack on World Trade Center, was the judgment on the symbol of the Babylonian system.  That financial system is unmistakably the present capitalism in which all the global economies are engaged in globalized trade led by the United States with her reserve currency. Just as heaven is sometimes depicted as a city – the New Jerusalem – or sometimes as the new heaven descending on the new earth, likewise Babylon can be depicted as the leading financial city or the whole globalised system of governments, global businesses and major seaports cum financial centers.

It is no coincidence then that New York City was selected among several cities to site the Statue of Liberty eventually. (Watch the videos for the amazing history of this statue.) All the excesses of sins of pleasure-seeking (sex, pornography, sexual perversion and other indulgences) and money-making originate from this city and proliferate throughout the whole world. Presently the city has the highest coronavirus infection of all cities in the US and also faces one of the worst riots in history.  It is no coincidence again that the newspapers described the city as burning. The United Nations and World Bank are also headquartered in this city. New York City perfectly fits the description of the city mentioned in Rev 18:1-10. (Watch the following videos for the amazing “coincidences”.)

Due to the Fed Reserve still being able to get away with printing much money to prop up the financial system at this moment, we will continue to watch whether she will eventually go up in smoke and make every government and merchant weep.

Considering all the above evidence and current events, is New York City the Babylon of the end times ?

https://www.youtubetrimmer.com/view/?v=JX6S0ZSbtQ0&start=536&end=1191

https://www.youtube.com/watch?v=4QevlCDr-0Y

 

Commendation For Contending Against False Teachers

Rev 2:1-6 NLT

 “Write this letter to the angel of the church in Ephesus. This is the message from the one who holds the seven stars in his right hand, the one who walks among the seven gold lampstands: I know all the things you do. I have seen your hard work and your patient endurance. I know you don’t tolerate evil people. You have examined the claims of those who say they are apostles but are not. You have discovered they are liars. You have patiently suffered for me without quitting. But I have this complaint against you. You don’t love me or each other as you did at first ! Look how far you have fallen! Turn back to me and do the works you did at first. If you don’t repent, I will come and remove your lampstand from its place among the churches. But this is in your favor: You hate the evil deeds of the Nicolaitans, just as I do.

What were the works of the Ephesus church that our Lord Jesus had commended (though there was also rebuke) ?

  1. They did not tolerate evil people.
  2. They had examined the claims of the false apostles and found them to be liars.
  3. They had suffered patiently without quitting.  (Contending against popular megachurch false pastors today will surely bring much backlash not only from these cults but also from the postmodern tolerant Christendom.)
  4. They hated the evil deeds of the Nicolaitans who were false teachers at that time.

Better to suffer and be commended by our Lord Jesus for doing what pleases Him than to gain the praise and favor from postmodern tolerant Christendom today.