The End Of The Road For My Specific Mission ?

I was given a very specific mission by our Lord some 17 years ago to share a message of the coming economic flood.  At every juncture,  it was so amazing to experience our Lord’s timely guidance and encouragement, and opening of doors.   I have witnessed the fulfillment of 3 visions.  Thanks be to God for strengthening me through the fulfillment of these 3 visions in 2001, 2008 and 2015 against incredible odds to keep me going against cynicism at best and outright hostility at worst.  (Thanks be to God also for fellow comrade pastors and ministry workers in Indonesia, Philippines, Cambodia and Myanmar for believing in me and following up on my proposed preparation.)

Firstly I did not have any network to call upon and He had opened doors beyond my wildest imagination to share in numerous pastoral conferences across the Asian region.  Secondly,  I was tasked to write a book on this subject and amazingly, He opened the door for the book to be published by Charisma Media 5 years ago.  Thirdly, I was further tasked to galvanize church pastors and ministry workers to learn about agricultural enterprise in order to prepare to weather the impending crisis.   And then He laid the path for me to be involved with teachable pastors in the region to start such enterprise, and they are more than pleased to share the same with other pastors in their countries.

In September last year,  I sought the Lord whether I should continue to warn or to start preparing for myself and my household.  I have gone without any meaningful income for the past 17 years and have depended on the Lord for His given wisdom and provision.  I was given 2 words – “hermitic life” – and that my Phnom Penh trip in February 2020 would be the last for this specific mission.  I shared in some chat groups in jest that I would be living a hermitic life from then. (See my Whatsapp message to one chat group in November 2019 below.)  I could not understand the message as the economic flood did not seem to me to be on the horizon any time soon, though I have shared often that the next crisis will be on or before September 2022.  (http://www.jcmanifesto.org/when-will-the-global-financial-system-finally-collapse/)

(I prayed, if God so willed, that I would make the last 2 trips to Japan and India to warn the Christendom there in early January and March respectively.  Both did not materialize even though I did make it to Japan in January.  In hindsight,  it is really astonishing for me to experience the Holy Spirit God’s specific guidance.)

If the economic flood is finally here,  then it is end of the road for my given specific mission.   And now in lockdown,  it does seem to be a hermitic life for me for some time.

Scripture has prophesized that in the last days,  many professing believers will be lovers of self, lovers of money, proud, arrogant, abusive, disobedient to their parents, ungrateful, unholy, heartless, unappeasable, slanderous, without self-control, brutal, not loving good, treacherous, reckless, swollen with conceit, lovers of pleasure rather than lovers of God, having the appearance of godliness, but denying its power.  2 Tim 3:1-5. And we are exhorted to avoid all such people.  Even with the impending unprecedented economic flood,  I really find many impenitent people in Christendom here.  And I will truly be living a hermitic life if I really avoid all such people as they are in the majority.   After the pandemic and economic crisis,  I believe a great part of Christendom will become even more apostate.  The birth pains will intensify.  I will await eagerly our Lord’s return but meanwhile I am sure I will continue to see the Holy Spirit God’s hand in guiding me once again into the near future, possibly to share the gospel to un-reached peoples who are poor in spirit.  Hallelujah !  Bless His holy name !

The Derivatives Bubble

I hope to provide a simple summary of what I understand about financial derivatives from various good articles and YouTube videos in the net. I hope to explain my God given conviction of an economic flood or reset that the world will face soon with current observation of events in the financial markets. Will the pandemic be the catalyst that cause it through the unraveling of the derivatives bubble ?

The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives during that time. These are complicated financial products that derive their value from an underlying asset or index.  Let us look at the housing mortgage backed securities (MBS) as the asset example.

The US housing mortgages were sold to Fannie Mae to relieve the banks of more funds for lending.  Fannie Mae resold them in a package of other mortgages in the secondary market.  A hedge fund or investment bank then divided the MBS into different portions because of different default risks and then combined with other similar risk levels of other MBS into a tranche and resold that tranche to other hedge funds.  Then the mortgage defaults happened and caused the 2008 crisis. These financial products were so complicated that nobody knew which part of the MBS was toxic, so nobody knew the actual value of the MBS.  The secondary market shut down and banks and hedge funds were unable to sell the derivatives that were declining in value. Soon, banks stopped lending to each other altogether to conserve cash.

This financial derivatives market is complicated and unregulated.  The value of these products are difficult to ascertain.  It probably started as a financial tool to mitigate risks but has now turned into one monstrous gambling game.  Since the 2008 financial crisis, nothing much has changed as far as regulation is concerned. The speculation in the financial derivatives has risen to new heights as a result.  Presently, by some estimates, the derivatives bubble can be anywhere between USD 600 trillion and USD 1.4 quadrillion.  The exposure of the major banks to this bubble is staggering. Warren Buffet called these derivatives financial weapons of mass destruction. And IMF stated that the Deutsche Bank is the biggest threat to the global financial system.  Watch the following video.

https://www.youtube.com/watch?v=mSsH2dsW5-c

After The Pandemic, What’s Next ?

The following article on Foreign Policy website gave the predictions of 12 leading thinkers from around the world concerning the global order after the pandemic.

These are the main predictions in the authors’ own words that I gleaned from the article :

  1. The pandemic will strengthen the state and reinforce nationalism. Governments of all types will adopt emergency measures to manage the crisis, and many will be loath to relinquish these new powers when the crisis is over.
  2. The coronavirus pandemic could be the straw that breaks the camel’s back of economic globalization.
  3. The COVID-19 pandemic will not fundamentally alter global economic directions. It will only accelerate a change that had already begun: a move away from U.S.-centric globalization to a more China-centric globalization.
  4. Given the economic damage and social collapse that is unfolding, it is hard to see anything other than a reinforcement of the movement toward nationalism, great-power rivalry, strategic decoupling, and the like.
  5. COVID-19 is undermining the basic tenets of global manufacturing. Companies will now rethink and shrink the multi-step, multi-country supply chains that dominate production today. Governments will intervene forcing what they consider strategic industries to have domestic backup plans and reserves. Profitability will fall, but supply stability should rise.
  6. Given the scale of financial market losses the world has experienced since February, companies are likely to come out of this pandemic decidedly gun-shy about the just-in-time model and about globally dispersed production. The result could be a dramatic new stage in global capitalism, in which supply chains are brought closer to home and filled with redundancies to protect against future disruption. That may cut into companies’ near-term profits but render the entire system more resilient.
  7. I would expect many countries will have difficulty recovering from the crisis, with state weakness and failed states becoming an even more prevalent feature of the world.

If failed states and partial deglobalisation are a reality after the pandemic, let Christendom in each country discern how it will affect them and prepare to weather it. Because not all will be living in cities that make their living by the sea. Rev 18:17.  Or living in cities that are major manufacturing hubs.  Rev 18:15.

Zeph 2:3

Seek the Lord, all you humble of the land,
you who do what he commands.
Seek righteousness, seek humility;
perhaps you will be sheltered
on the day of the Lord’s anger.

https://foreignpolicy.com/2020/03/20/world-order-after-coroanvirus-pandemic/

The Coming Economic Flood (Update)

After Sep 2015 in which USD 11 trillion dollars were wiped out of the global stock markets and the markets recovered strongly from then,  I sought the Lord whether the economic flood would be the next.  (I was given the vision of 911 attack in Sep 2001, the vision of the global recession in Sep 2008, and the global market crisis in Sep 2015 as recounted in my book, The Coming Economic Flood.)

(http://www.jcmanifesto.org/when-will-the-global-financial-system-finally-collapse/ )

I was told to read on the parable of the vineyard and it was only after three attempts in failing to recover the rent proceeds from the tenants that the landowner finally came and destroyed all these wicked tenants.   I am now wondering if this pandemic is the catalyst that will cause the economic flood.  Whether this coming flood is the final flood that causes the global economy to collapse,  it is definitely unprecedented in history.  (God is ever so patient and He may give some more time for some to come out of Babylon before the plagues of mourning, death and famine hit.  2 Chron 7:13-14.)

With many countries in lockdown for weeks now, if not months of partial lockdown,  it is clear that their economies will suffer recession.   But looking at the various problems that are already surfacing before the end of 2019,  the likelihood of it escalating to a depression is very probable.

Here is an article that believes the corporate debt reckoning is coming.

Quote

“Total U.S. non-financial corporate debt sits at just under $10 trillion, a record 47% of GDP. One in six U.S. companies is now a zombie, meaning their interest expenses exceed their earnings before interest and taxes. As of year-end 2019, the percentage of listed companies in the U.S. losing money over 12 months sat close to 40%. In the 12 months to November, non-financial S&P 500 cash balances had declined by 11%, the largest percentage decline since at least 1980…With economic uncertainty at an extreme and yields spiking, who is going to lend to zombies right now? Exacerbating that problem, we are now at the start of the debt-maturity wall we’ve warned about for years. Roughly $840 billion of bonds rated BBB or below in the U.S. are set to come due this year…

Corporate debt was the defining excess of the past decade’s bull run. Buybacks were funded by debt — over the past half decade, S&P 500 companies have issued $2.5 trillion in debt to afford $2.7 trillion in buybacks. Debt has subsidized the skyrocketing salaries of CEOsCheap debt has enabled private equity to take over and financialize Main Street. How severe the consequences will be obviously depends on how long COVID-19 keeps the world locked down. However, a reckoning with debt-fueled corporate greed is coming, regardless of Fed bond buying or government stimulus.”

Unquote

https://www.zerohedge.com/markets/corporate-debt-reckoning-coming

Here is another article tracking the unemployment figures right now and comparing with the Great Depression in the 1930s.

https://www.theguardian.com/commentisfree/2020/apr/03/recession-depression-data-coronavirus

Whether it is a great recession or a depression,  these are times of testing whether we are truly wise and faithful servants to other servants or sheep to the least of the brothers.  All praise and glory to our Lord.

 

The Lord Is My Rock And My Fortress

Psalms 18: 1-2

Verse :

D                 F#m           G                         D

I love You, Lord, my strength and my rock,

Bm                 G                   Em  A

You are my fortress, and my deliverer.

D                F#m            G                          D

I love You, Lord, my strength and my rock,

Bm                   G                 Em  A

You are my fortress, and my deliverer.

Chorus :

Bm                F#m                      G     D

My God, my rock, in whom I take refuge,

Bm                    G                           Em                A

My shield, my stronghold, the horn of my salvation.

Verse :

D                 F#m           G                          D

I love You, Lord, my strength and my rock,

Bm                G                   Em A                D

You are my fortress, and my deliverer, O my Lord.

Holiday Cum Ministry Initiative

In what was a new initiative to kill two birds with one stone for JC’s Manifesto, I encouraged friends to take a holiday with a difference to do good at the same time.  Generous donations from these friends paid for staples to be distributed in 2 cemetery slums and the construction of some 4 toilets through the ministry assistance of Bethel Grace Ministry, Cambodia.  Presently,  the human waste is disposed by collecting it in plastic bags to be dumped in open ground.  (JC’s Manifesto has earlier committed monthly financial assistance for the teaching of English to the children there.)

Spent some time ministering to the believers living there as well.  One lady has just lost her teenage son and husband just 3 to 4 months ago.  I was touched  and choked with emotion when I saw her resilient faith and love for the Lord.  Another sister sobbed with her mother as I prayed for God’s blessings upon them.  Their contrition moved me to tears.

Thanks be to God for all His blessings and journey mercy in a time when the coronavirus pestilence is still raging, and the courage of friends to go and help the poor and needy in such times.

Godly Sorrow Leads To Genuine Repentance

2 Cor 7:9-11 NLT

Now I am glad I sent it, not because it hurt you, but because the pain caused you to repent and change your ways. It was the kind of sorrow God wants his people to have, so you were not harmed by us in any way. For the kind of sorrow God wants us to experience leads us away from sin and results in salvation. There’s no regret for that kind of sorrow. But worldly sorrow, which lacks repentance, results in spiritual death. Just see what this godly sorrow produced in you! Such earnestness, such concern to clear yourselves, such indignation, such alarm, such longing to see me, such zeal, and such a readiness to punish wrong. You showed that you have done everything necessary to make things right.

2 Cor 7:10-11 NASB

For the sorrow that is according to the will of God produces a repentance without regret, leading to salvation, but the sorrow of the world produces death. For behold what earnestness this very thing, this godly sorrow, has produced in you: what vindication of yourselves, what indignation, what fear, what longing, what zeal, what avenging of wrong!

The hyper grace false teacher taught that repentance is just a change of mind which is the meaning in Greek.  But from the whole counsel of the Word of God, that is only half the truth.  After we have acknowledged and confessed that we have sinned against God,  we experienced a change of heart in which we mourned over having sinned and grieved God whom we love.  When King David sinned against God,  he experienced a broken or contrite spirit and he exclaimed in Psalms 51,” The sacrifices of God are a broken spirit; A broken and a contrite heart, O God, You will not despise.”

A truly repentant believer will not go straight in front of the mirror and convince himself that he is righteous first and totally unmoved by his sin at all.  He will move into contrition for having grieved God by his sinful action.  It is that contrite heart that make one change course and seek God’s forgiveness and return to faithfulness again.  That is godly sorrow which God wants.

There is another kind of sorrow over sin that does not lead to repentance and it results in death.  Godly sorrow will make one own up his or her sin before God and not try to find excuse for the sin or simply agonizes over one’s mistake. (The hyper grace believer even ignore his or her sin altogether as taught by the false teachers.)  Though Judas Iscariot felt sorrow for betraying Jesus,  his sorrow concerned more of himself in the fact that he felt shame or humiliation for betraying Jesus but he did not come to Jesus for forgiveness.  He chose suicide rather than forgiveness.

So there is godly sorrow that leads to repentance and worldly sorrow that leads to death.   Genuine repentance will bear fruit mentioned in 2 Cor 7:10-11 :

  1. Earnestness.  One will be earnest to change course concerning his or her sin.  It will not be apathy towards sin and will seek to make amends or to restore relationship.
  2. Eager Vindication.  One will yearn for righteousness again and seek to vindicate himself or herself that he or she has left that sin behind.
  3.  Indignation and Fear.  One will feel upset with himself or herself and fear for offending God for that particular sin.  (The false hyper grace teacher taught not to be sin conscious which is precisely saying the opposite of such a fruit.)
  4. Longing. One will long for restoration with God and damaged relationship due to sin.
  5. Zeal and Punishment. One will zealously accept justice as sin is disciplined biblically.

Enjoying God

Acts 14:17 NLT.

But He (God) never left them without evidence of Himself and His goodness.  For instance, He sends you rain and good crops and gives you food and joyful hearts.

I have shared selectively in this blog the journey mercies of God for my ministry trips and testimonies of His goodness with incredibly slim odds of occurrence only to show that our good Lord never leave us without evidence of Himself and His goodness.

We can and should enjoy Him daily in our communion with Him, whether in His daily kindness, or in times of deliverance, journey mercies, chaotic times, pain and suffering. We should enjoy God in every circumstance.

I enjoy His daily kindness.  He caused the nearby stall-holders to be generous towards me.  He caused the fish and meat suppliers to go out of the way to deliver my weekly consumption without any transport charge.  He caused the car workshop owner to be honest to repair only the small defective parts without changing and charging me for the whole module or system.  And he often waived the labor charge. He caused the car park attendant to allow me the alternate use of season parking for two vehicles while paying only for one. He gave me regularly free cruises for my rest and recreation and bonding with my elderly folks. He sent brothers and sisters to bless my ministry projects financially so that I wouldn’t be burdened much. And He gave me great food and a joyful heart always.

I enjoyed Him even in times when everything went wrong.  When I communed with Him,  it was really wonderful that He gave me His peace to weather the disappointment or anxiety regardless whether there was a happy ending. Once I was rushing everywhere before heading for the airport, and I misplaced my office keys.  Then I remembered leaving the keys in the toilet outside my office.  I prayed that nobody would take the keys after four hours which was quite unlikely.  There were people living illegally in the building.  By the grace of God, I recovered the keys.  When I reached the airport, I was told my visa was invalid, yet I made the flight.  And when I checked into the hotel room, my luggage left outside the room for a split second disappeared.  I recovered the contents of the bag intact in the escape staircase except that the bag was cut open at the side. I was able to claim insurance for the damaged bag.

(Luke 7:12-13…behold a man who had died was being carried out, the only son of his mother, and she was a widow…And when the Lord saw her, He had compassion on her and said to her,”Do not weep.”)

We can also take comfort and enjoy our Lord’s presence in every pain for He is the same yesterday, today and tomorrow.  In every account I read in the gospels, He was full of compassion.  He wept and empathized with the suffering.  And He is the same compassionate Lord today.  How often I had pain and suffering and I thanked the Lord for His comforting presence and healing.  How kind is the Lord to me even in pain for His grace is sufficient for me.  Not only His presence gives me comfort, but He makes me know for sure the Hope in Him is real and coming.

God is indeed sovereign over our lives.  Both blessings and trials work together for good for those who love God.  Bless His holy name !

Three Attitudes Towards The Law

Dr John Stott, in his exposition on the book of Romans, gave 3 attitudes to the Law.

1. Legalists. They are under the Law and are bound by it. Their relationship to God depends on their obedience to the Law seeking both justification and sanctification by it. Crushed by the inability of the Law to save them, they fear the Law.

2. Antinomians. Blame the law for all their problems so they reject it altogether and claim to be rid of all obligations to the demands of the Law. So they hate the Law and repudiate it.

3. Law-Fulfilling Free Believers. Have this balanced attitude in rejoicing both in their freedom from the law for justification and sanctification, and freedom to fulfill the Law. They delight in the Law as the revelation of God’s will (Rom 7:22), but recognize that the power to fulfill it is not in the Law itself but in the Spirit. So they love the Law and fulfill it.

So what Paul meant when he said believers are no longer under the law, he was saying true believers are free from the law for justification and sanctification. And is now under grace with the power to fulfill it through the Spirit. Rom 6:14; Gal 5:18.

That is,
For Justification, we are not under law but under grace.
For Sanctification, we are not under law but led by the Spirit.

Journey Mercies (V)

My wife and I worshiped in a denominational church from 2001 to 2007.  We once planned a free-and-easy 4 day holiday in Ho Chi Minh City.   When some members of this denominational church came to know of our travel plan,  they wanted to join us as well.  In the end, I had to book a land package tour for 22 persons.  As the tour would start on a Sunday, the church lay leader was upset enough to curse us that God would judge us for skipping Sunday service.  We did attend the Sunday morning worship service before going to the airport.  I had booked a bus to ferry all of us from the church to the airport after the service.  I cast all my anxieties to God that morning  – the unease of bringing so many elderly folk and the unexpected curse – and also prayed for journey mercies.

On that very Sunday morning,  an elderly lady joining us for the tour received news of her brother-n-law’s death and she decided not to fly with us.  2 days later,  she had a heart attack.   If she had joined us and had the heart attack in Ho Chi Minh City,  it would prove the curse of the lay leader to be true and the entire blame would be upon me.   Given the incredibly slim odds of this incident, I knew God had delivered me yet again.

When we reached the airport, my eldest son was denied travel as his passport had validity of less than 6 months.  Again I prayed for God’s journey mercy.   After much negotiation and promising the airline staff that if my son was to be denied entry into Ho Chi Minh City,  I would return with him.  The customs officer over at Ho Chi Minh City smiled at my young son and allowed us to clear and enter.  Hallelujah !

All thanks and glory be to God our Father and Jesus our Lord for His journey mercy.