Hold fast in the Perfect Financial Storm
Michael A Clark
Hold fast in the Perfect Financial Storm
The national ship of state is facing a great financial storm. A prophetic event in the life of Jesus Christ relating to this storm recorded in Luke 8: 22-25 has great relevance to that which we see unfolding before us now. Sadly the Church has no appreciation of the national prophetic dimension to provide the necessary guidance for the nation.
It took Europe a significant 40 years to reach the point where it felt ready to launch a single currency, which was always a political design, to cement the great European Project. The European Monetary Union (EMU) timetable was fixed at Maastricht in 1991 but it took another 11 years for euro notes and coins to reach the streets.
In July 2010 we asked the question “Is our ‘covenant with death,’ made with the Treaty of Rome, about to be judged?” We were pointing to the significance of the 1600 years for Divine judgment expiring Aug 25-28 2010 from the sacking of Rome by the Visigoths over three days from Aug 25-28 AD 410 bringing to an end the Roman Empire and the occupation of Britain. The point emphasized was that three weeks later on Sep 16 2010 Pope Benedict XVI was due to arrive at Edinburgh meeting the Queen for a first ever state visit to Britain – where the Stone of Destiny resides until the next Coronation.
It certainly was an important signal that the constitutional conflict with the European Project is at long last coming to a head. The Queen is Supreme Governor of the Church of England while the Pope is Universal Bishop claiming jurisdiction, in effect, over our Protestant Realm. A constitutional impasse therefore existed during the state visit of the papacy to the Protestant United Kingdom.
After Aug 25 the markets last autumn were constantly probing at the weaker eurozone countries and Britain had been committed to contribute to the bail-out of these economies up until 2013. But a wider financial storm was developing for the world.
America’s approaching financial hurricane
One day the Philistine leaders assembled in a temple for a religious sacrifice to Dagon, one of their most important deities, for having delivered Samson into their hands. They summoned Samson, the 13th and last judge in Israel, so that people could gather on the roof to watch. Once inside the temple, Samson, his hair having grown long again, asks the servant boy to lead him to the Temple’s central pillars so he might lean against them, referring to the pillars. Judges 16 describes what happened next:
“And Samson called unto the LORD, and said, remember me, I pray thee, and strengthen me, I pray thee, only this once, O God, that I may be at once avenged of the Philistines for my two eyes” (Judges 16:28) … “And Samson said, Let me die with the Philistines!” He pulled the two pillars together with all his might, and down came the temple on the rulers and all the 3,000 people in it. “So the dead which he slew at his death were more than they which he slew in his life” (Judges 16:30).
The picture in the print copy of The Daily Telegraph BUSINESS section on July 15, 2011, showed Samson pulling down the twin pillars of the Temple of Dagon. i.e. the EU Roman Catholic euro and the US Protestant dollar.
The symbol of Samson’s super strength returning after the seven locks of his hair grew again can be seen as a type of the American superpower. The seven locks of hair represent the ‘Seven Times’ of 2,520 years from the punishment of ancient Israel until our times. On July 18 gold reached a significant $1600 per ounce, the number of Divine judgment (Revelation 14:20)..
These ‘Times’ are now fulfilled and the temple of false pagan finance based on credit looks as if it is about to come crashing down. Samson was blind when he did this and died in the destruction. The US is clearly blind now but the symbol of the young lad who led him to the pillars represents the new order that must arise when the US dies to the old order of corrupt finance. The other pillar is the eurozone which when it collapses will set Britain (plus Ireland and Denmark who joined the then EEC with us) free from bondage in the EU.
Oct 28 2011 will be 40 years since the UK made the fateful ‘decision in principle’ to subject ourselves to the Treaty of Rome on Oct 28 1971. Isaiah 28: 9-16 in the Church of England 1662 Book of Common Prayer is the reading for the Morning Lesson on every Oct 28 as ‘a covenant with death and with hell are we at agreement.’ The time for the covenant with death to be ‘disanulled’ (verse 18) could be on a future Dec 5 when the entire chapter of Isaiah 28 is read.
There is also 2 x 40 years from the British Financial Crisis of Aug 16-30 1931 to Aug 16-30 2011. On Sunday Aug 23 1931, King George V was engaged with his Ministers grappling with the Crisis and by the evening a deadlock led to the resignation of the Socialist Government under Mr MacDonald. This crisis was linked to the Armistice surrender period of Nov 11-25 1918 by a multiple of 666 which is the number directly linked to gold.
Why does all this apply to our nations today? Britain and the US are the modern covenant nations of Ephraim and Manasseh, the sons of Joseph, who had the double portion of Birthright blessing from their grandfather Jacob-Israel. This is the fact that the Church has missed completely, concentrating only on Judah from whom the Messiah (Jesus) came. Manasseh was the 13th tribe of Israel, which is the numerical link with the US and with Samson, the13th judge.
While Europe and the eurozone are in deep trouble, at the same time in the United States, the debt ceiling was raised on Aug 2 at the last minute but the agreement has failed to temper global recession fears. Gold, a traditional safe haven, has continued to rise in value.
Anatole Kaletsky, financial correspondent to The Times, wrote on July 6 about the US debt crisis that it “… reminds us that the greatest threat to global prosperity and peace in the coming decades is not global warming or public debt or the rise of China. It is the risk that America, the nation that has led, protected and inspired the world, both politically and economically, for the past century, may now be in terminal decline.”
He went on to say that partisan tribalism is at its most extreme since the 1861-65 Civil War and if political paralysis continues in Washington over the debt default until the next US presidential election in 2012, the US could become truly ungovernable. Dated from the first shots in the American Civil War on April 12 1861, cycles linked to economic tribulation reveal Oct 23-Nov 2 2011 will be 2 x 41 years (the 13th prime number) from the Wall St crash of 1929. Further on to May 30 2012 is a period significant of government and cleansing.
Europe’s approaching financial hurricane
Since July 2010, the dark clouds of a financial hurricane in the eurozone have increased to the point that we now appear to be at the very edge of a debt implosion in the banking world with Italy and Spain suddenly coming to the frontline of the concern. Fears of eurozone debt contagion were stoked by dramatic falls in Italian stocks in early July. Shares in Unicredit Spa, Italy’s biggest bank fell almost 8 per cent on July 8. Again in The Times on July 13 Anatole Kaletsky wrote:
“The endgame for Europe is approaching – and much faster than anyone expected. With this week’s sudden outbreak of panic in the Italian bond market, which had previously seemed immune from the crisis, the choice between a full scale political union and the disintegration of the euro is becoming impossible to postpone much longer. Italy, unlike Greece, Ireland or even Spain, is a huge economy. But what makes Italy’s role even more decisive is the vast size of its bond market and its international debt. Italy’s bond market is the third largest in the world, after the US and Japan, and far larger than those of Germany or France …
“The upshot is that Europe now has to come up with a comprehensive and convincing solution to its debt crisis more urgently than anyone imagined a few days ago. For if the flow of money out of the Italian bond market accelerates through the summer, the crisis could spin out of control, causing a break-up of the euro as early as September or October, the ‘financial hurricane season’ when serious financial disruptions generally occur.”
(Debt levels: Italy 120 % of GDP = warning; Greece 143% of GDP = half 286 displacement; these debt levels could tip the euro into the abyss).
The EU has become worried as key people have suddenly realized that the contagion is going to hit big economies and that they have little defence. They have been dealing only with one country at a time like Ireland, Greece and Portugal, not with the whole instability of the euro as a single currency.
The economic reality is that Italy cannot be bailed-out; it is too big an economy. The fact that Italy is heading very fast into this perfect financial storm (with a knock-on effect to Spain) is most significant as the Treaty of Rome was the foundation for the whole EU Project. The euro came into existence on 1 Jan 1999, although it had been a goal of the European Union and its predecessors since the 1960s. After tough negotiations, particularly due to opposition from the United Kingdom, the Maastricht Treaty entered into force in 1993 with the goal of creating economic and monetary union by 1999 for all EU states except the UK and Denmark.
In 1999 the currency was born virtually and in 2002 notes and coins began to circulate. It rapidly took over from the former national currencies and slowly expanded behind the rest of the EU. In 2009 the Lisbon Treaty formalized its political authority, the Euro Group, alongside the European Central Bank.
Sep 16 2010, when the Pope arrived in Britain, was 9 years after 9/11 and Sep 16-17 2001 (Great Pyramid date) when Tony Blair announced that “we are at war with terrorism.”
The Pope, over 3 days from Sep 16-19 last year, stood in the holy place of Israel in the Isles. Did it signal the sign given by Jesus recorded in Matthew 24:15 when he warned of the destruction that would come upon Jerusalem as it did in Aug AD 70, which came to pass as Jesus wept over Jerusalem the city in Luke 19: 41-44?
Three Waves of Cleansing
In this present scene of upheaval, it is prophetic Jerusalem in the Isles of the Sea, the British Isles, that we need to consider. We are now experiencing the third wave of cleansing in the body politic and the nation within the past two years. First came the banking world, then Parliament in the expenses scandal and now it is the Press with News International, the British newspaper arm of News Corp, the media empire of Rupert Murdoch and his family, that has come to a significant set-back.
It is rather like the rich man who said “I will pull down my barns and build bigger ones” only to be informed by God that his days were numbered and that that very night his soul would be required of him. For the first time in very a long time, Parliament has reasserted its authority and is now to conduct a full Judge-led inquiry into the power of the media and the power they exercise.
In respect of the cleansing of prophetic Jerusalem, the Scripture is given by Peter:
“For the time is come that Judgment must begin at the house of God: and if it first begin at us, what shall the end be of them that obey not the gospel of God?” (I Peter 4:17).
It is only recognition of our need to call upon Almighty God for deliverance from the storm of debt raised by a false monetary system that calm will be restored to our economies in the West.
MICHAEL A CLARK
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