Biblical Economics 101

During the latter days the seven year tribulation period will begin with the seven seals of the title deed to the earth being loosened. The seals are loosened as Christ takes possession of what was lost in Genesis and redeemed on the Cross. The third seal (commonly referred to as the third horseman of the Apocalypse) tells of extreme economic hardship.

“When He opened the third seal, I heard the third living creature say, ‘Come and see.’ So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice…saying, ‘A quart of wheat for a denarius; and three quarts of barley for a denarius…’” Revelation 6:5-6

This passage reveals that during the tribulation period it will require a full day’s wages just to buy food for one person for one day. Many think this situation will exist due to food shortages caused by the extreme global cooling described in Revelation chapter 8.

“Then the fourth angel sounded: And a third of the sun was struck, a third of the moon…so that a third of them were darkened. A third of the day did not shine…” Revelation 8:12

There is no question such abrupt limitations of heat and light will have catastrophic effects on earth’s climate and its subsequent ability to produce food.

But there is another factor to help explain why it will require a day’s wages for a day’s food requirement. And this factor deals with the value of the currency involved in addition to food scarcity.

Presently the US dollar is the predominate currency of the world. However, in recent days the value of the dollar has continued to weaken compared with the euro, for example. A weakened dollar has wide reaching affects, one of which is inflation. The dollar is weakening due in part to the fact the US economic system is faltering. We are incurring major deficits and subsequently increasing debt. We are selling treasury bills to other countries in record amounts to support our increasing debt. China and Japan are the two largest buyers of our debt; however, recently China has begun reselling our treasury bills for different currencies because of their decreasing confidence in the future value of the dollar.

Another disadvantage relative to selling so much of our debt to China is they are now openly influencing our foreign policy positions because of their lender status. Solomon warned of such an arrangement 3,000 years ago.

“…and the borrower is servant to the lender.” Proverbs 22:7

Such financial challenges will be accelerated in the coming days and will raise concern with the present G-20 members. After the recent G-20 conference President Obama declared, “All the nations must come together to build a stronger, global regime.” Similarly Prime Minister Brown proclaimed, “There will be a new world order and a new progressive era of international cooperation.”

The world’s financial leaders recognize if one super power has financial difficulties it affects the rest of the global community. That is why the recent G-20 conference produced consensus that new global controls were in order and perhaps it was time to consider there should be a single world currency. The US Secretary of the Treasury Tim Geithner concurred with that premise.

Recall the Bible reveals that the form of global governance at the end of the age will consist of a ten nation confederacy. Shortly after this confederacy is formed there will be real economic woes. The ten nation consortium will have elected a leader who turns out to be none other than the Antichrist. The Antichrist will be accompanied by the false prophet who:

“…causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast (Antichrist), or the number of his name.” Revelation 13:16-17

The members of the final confederacy believe their globalism agenda will promote worldwide economic stability. They further believe economic stability will be accompanied with political stability. However, according to the Bible when the world thinks their system is as its zenith, it is really at its weakest.

Remember Nebuchadnezzar’s dream of the metallic image representing the gentile world empires. The metals forming the image, i.e. gold, silver, bronze and iron, in that descending order, decrease in value and malleability while increasing in strength and brittleness. This is confirmed by the decrease in atomic weights of the metals going from gold to iron. Then Daniel’s prophecy foretold the destiny of the future ten member global system.

“You watched while a stone was cut out without hands, which struck the image on its feet of iron and clay, and broke them in pieces. Then the iron, the clay, the bronze, the silver, and the gold were crushed together, and became like chaff from the summer threshing floors; the wind carried them away so that no trace of them was found. And the stone that struck the image became a great mountain and filled the whole earth.” Daniel 2:32-34

Then Daniel reaffirmed Nebuchadnezzar’s dream and confirmed its interpretation with the prophetic words:

“…the great God has made known to the king what will come to pass after this. The dream is certain, and its interpretation is sure.” Daniel 2:45

So as the world pursues global monetary and fiscal policies it will be interesting to note how quickly the final ten become reality and poised for total destruction. According to the Bible Christ is the stone that will strike the gentile world system upon His return to earth and the kingdom that He will establish in its place will fill the earth.

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