1The Mulberry Ministry
Stalking Global Currency: Endtime Stalking Global Currency: Endtime Money in ProphecyMoney in Prophecy
Wilfred J. HahnWilfred J. HahnChristianity on Trial Conference 2010Christianity on Trial Conference 2010
October 22October 22--23, 201023, 2010Regina, SKRegina, SK
Economist.com
2The Mulberry Ministry
Money and its SystemsMoney and its SystemsPlay Key Endtime RolesPlay Key Endtime Roles
Affections of Mankind: “[…] when the Son of
Man comes, will he find faith on the
earth?” Luke 18:8
A Final Form of Ecumenicism: Did Jesus
really say: “You cannot serve both God
and mammon.” Matthew 6:24)
Global Commercial Colossus Takes Form:
Revelation 18, Babylon the Great
3The Mulberry Ministry
Numerous Indications in Bible of Numerous Indications in Bible of MankindMankind’’s Endtime Commercialisms Endtime Commercialism
“But mark this: There will be terrible times
in the last days. People will […] lovers of
money.” 2 Timothy 3:1-2
“Be careful, or your hearts will be weighed
down with dissipation, drunkenness and
the anxieties of life, and that day will close
on you unexpectedly like a trap.” Luke
21:24
4The Mulberry Ministry
“Look, you rich people, […] you have
lived on earth in luxury and self-
indulgence.” James 5:1-5
“Be careful, or your hearts will be
weighed down with dissipation,
drunkenness and the anxieties of life
[…].” Luke 21:34
Narcissism/IndulgenceNarcissism/Indulgence
Explosion in Greed, Fixation With Money
5The Mulberry Ministry
“ … there will be false teachers among you. (…) 3In their greed these teachers will exploit you with stories they have made up.” Peter 2:1-3
“(…) they are experts in greed — an accursed brood!” (2 Peter 2:14)
“(…) inside they are full of greed and self-indulgence.” Matthew 23: 25
Greed/Materialism is BehindGreed/Materialism is BehindMost/All ApostasyMost/All Apostasy
6The Mulberry Ministry
“To the angel of the church in Laodicea write: These are the words of the Amen, the faithful and true witness, the ruler of God's creation. […] You say, 'I am rich; I have acquired wealth and do not need a thing.' But you do not realize that you are wretched, pitiful, poor, blind and naked.”Revelation 3: 14, 17
Church Takes on the Culture and Church Takes on the Culture and Values of the Last DaysValues of the Last Days
7The Mulberry Ministry
Why Does Why Does ““MoneyMoney”” Have Key Have Key Endtime Role? (SemiEndtime Role? (Semi--omnipresence)omnipresence)
1. Mammon is a Spiritual Entity in Opposition to God
2. Monetary/Commercial System Can Have Global Reach ( … a convergence of beliefs, religion of materialism)
3. Effective Control of Mankind’s Activity(After complete financialization has taken place)
8The Mulberry Ministry
Who Enforces Final World Controls?Who Enforces Final World Controls?A Religious Figure A Religious Figure …… not AC!!!not AC!!!
“He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” Revelation 13:16-17
Biggest misconception …misdirection!
9The Mulberry Ministry
Endtime OneEndtime One--WorldWorldMonetary System?Monetary System?
HOW FAR ADVANCED IS THE ENDTIME MONEY SYSTEM?
WHERE ARE WE ON THE COSMOLOGICAL TIME LINE?
10The Mulberry Ministry
Late Great Global Money Boom Late Great Global Money Boom Endtime Income/Wealth BoomEndtime Income/Wealth Boom
Source: Bradford DeLong Format: Mulberry Press
$-$1,000$2,000
$3,000$4,000$5,000$6,000
$7,000$8,000
0 200 400 600 800 1000 1200 1400 1600 1800 2000
A closer look
Sudden endtime development … a trap?
Estimate of World GDP per person, USD, since O.A.D.
11The Mulberry Ministry
Great Endtime AscendancyGreat Endtime Ascendancyof Global Capitalof Global Capital
0
10
20
30
40
50
60
70
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Trend: Total Financial &Position ValueTrend: World Income PerPersonTrend: World Arable Land PerPersonTrend: World Securities ValueUSD
Total financial position value rose by
64 times in 25 years to $123,400 for every person in the world
by year 2008!
World Financial Securities & Position Value Boom Trend compared to world average annual income and arable land per person, 1982=100, 1982 to 2008
Sources: World Bank, World Federation of Exchanges, Band of International Settlements, Mulberry Press Inc. estimates
12The Mulberry Ministry
-5%
5%
15%
25%
35%
45%
1985 1990 1995 2000 2005
% C
hang
e A
nnua
l
100
150
200
250
300
350
400
Inde
x L
evel
Annual Percent Change
EMS Index Level
* Composite measure comprising trends in world trade, FDI, securities capitalization, per capita GDP, international banking. Sources: OECD, FIBV, BIS, World Bank, UNCTAD, WTO, Mulberry Press estimates.
Right Hand Scale
Left Hand Scale
The Ecumenical Mammon System The Ecumenical Mammon System Continues to RiseContinues to Rise
Endtime Money Snare Index
13The Mulberry Ministry
020406080
100120140160180200
1900 2009
Central Banks in the WorldCentral Banks in the World
Source: BIS, Morgan Stanley Handguide to Central Banks
18
176
The Mulberry Ministry
Source: IMF WEO Database, April 2009, World Bank, Format: Mulberry Press Inc.
Goods and Services Trade (Exports Plus Imports/ World GDP) and World Stock Market Turnover/GDP
20%
25%
30%
35%
40%
45%
50%
55%
60%
65%
70%
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
0%
20%
40%
60%
80%
100%
120%
140%
160%
180%
200%
World Trade Turnover (% ofGDP, World Bank)
World Stock Market Turnover(% of GDP)
Representative World Trading Trends Representative World Trading Trends –– Goods & Services, StocksGoods & Services, Stocks
15The Mulberry Ministry
Declining Barriers to Trade WorldwideDeclining Barriers to Trade WorldwideUS Tariff Levels, 1861 US Tariff Levels, 1861 -- 19961996
16The Mulberry Ministry
Increasing Global Economic and Increasing Global Economic and Economic Integration Economic Integration -- ConnectednessConnectedness
Source: IMF
Ratio of Foreign Assets/Liabilities to GDP – 1970-2004Industrial and Emerging Countries
17The Mulberry Ministry
Global Financial Interconnectedness Global Financial Interconnectedness is Far Advanced is Far Advanced …… i.e. Stock Marketsi.e. Stock Markets
Source: Backbone of complex networks of corporations: The flow of control, J.B. Glattfelder and S. Battiston, Chair of Systems Design, ETH Zurich, Kreuzplatz 5, 8032 Zurich, Switzerland
New Study Reveals
Controlling “Backbone” Same
players account for
80% of global ownership.
The Mulberry Ministry
Source: OECD, Baseline Scenario
Ascendancy of Global Financial SectorAscendancy of Global Financial Sector
The Mulberry Ministry
Source: BEA, Simon Johnson, The Peterson Institute
Financialization Phenomenon Financialization Phenomenon Occurring EverywhereOccurring Everywhere
The Mulberry Ministry
Source: Congressional Oversight Panel; SNL Financial, Deposit Market Share, 1998-2009
Financial Crisis Breeds FurtherFinancial Crisis Breeds FurtherRising Financial ConcentrationRising Financial Concentration
21The Mulberry Ministry
Source: World Distribution of Household Wealth, UNU-WIDER, December 2006
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
World Population Percentile Wealth Proportion
World’s Super Rich
40% of wealth
Widening World Wealth Skew Widening World Wealth Skew ……Therefore Indebtedness (James 5:1Therefore Indebtedness (James 5:1--5)5)
Comparison of percentiles, Population versus Wealth
22The Mulberry Ministry
Distribution of Financial WealthDistribution of Financial Wealthin the USin the US
Source: Wealth Income and Power, William Domhoff, www.of2minds.com
The Mulberry Ministry
Wealth/Income Disparity a Major Wealth/Income Disparity a Major Contributor to Downturn TodayContributor to Downturn Today
The Mulberry Ministry
Source: The First Measured Century 1900 to 2000
Consumer CultureConsumer CultureExploding Upon WorldExploding Upon World
Advertising per capita up 4x in post
WWII period
US Advertising Spending
1999 DollarsPer Capita
25The Mulberry Ministry
When Will a Prophesied OneWhen Will a Prophesied One--World World Currency Arrive?Currency Arrive?
A widely taught expectation/deduction
Actually, one-world currency is not
specifically prophesied in Bible
Globalization/Globalism is prophesied
One-world system is already here
26The Mulberry Ministry
Globalism in the Bible? Globalism in the Bible?
The Bible is global in outlook!
Isaiah says: “See, the LORD is going to lay waste the earth and devastate it”(Isaiah 24:1)
“Therefore a curse consumes the earth; its people must bear their guilt. Therefore earth's inhabitants are burned up, and very few are left.” (Isaiah 24:6)
27The Mulberry Ministry
Globalism/Globalization Globalism/Globalization –– OTOT
“The kings of the earth take their stand and the rulers gather together against the LORD and against his Anointed One. ‘Let us break their chains,’ they say, ‘and throw off their fetters.’” (Psalms 2:2-3)
Both “organizational” and “spiritual”aspects shown
28The Mulberry Ministry
Globalism/Globalization Globalism/Globalization –– NTNT
“`Woe! Woe, O great city, where all who had ships on the sea became rich through her wealth!” (Revelation 18:17)
“By your magic spell all the nations were led astray. In her was found the blood of prophets and of the saints, and of all who have been killed on the earth.” (Revelation 18:23-24)
Must be a system born of globalism/globalization … includes “all”
29The Mulberry Ministry
“The kings of the earth take their stand and the rulers gather together against the LORD and against his Anointed One. “Let us break their chains," they say, "and throw off their fetters." The One enthroned in heaven laughs; the Lord scoffs at them. Then he rebukes them in his anger and terrifies them in his wrath, saying, "I have installed my King on Zion, my holy hill.”(Psalms 2:1-6)
Then, Judgment ofThen, Judgment ofManMan--made Globalism?made Globalism?
30The Mulberry Ministry
10 Most Influential Currencies 10 Most Influential Currencies Account for > 90% of ExchangeAccount for > 90% of Exchange
1
2
3
45
6 7 8 9 10
40%
50%
60%
70%
80%
90%
100%
US dolla
rEuro
Japa
nese
yen
Pound
sterl
ingSwiss
franc
Austra
lian d
ollar
Canad
ian do
llar
Swedish
kron
a
Hong K
ong d
ollar
Norweg
ian kr
one
Korean
won
Mexica
n pes
o
New Zea
land d
ollar
Singap
ore do
llar
Danish
kron
e
South
African
rand
Polish
zloty
Taiwan
dolla
r
Indian
rupe
e
Brazilia
n rea
l
Czech
korun
a
China R
enminb
i
40%
50%
60%
70%
80%
90%
100%
Source: Bank of International Settlements
31The Mulberry Ministry
OneOne--World Currency? OneWorld Currency? One--World World Money System is Already Here!Money System is Already Here!
Seamless money trading system already exists for industry & elites.
ATM networks span globe today.
More currencies exist today than 50 years ago!
Regional monetary convergences very likely to move ahead (Asia, American, Middle East).
Biblical prophecies more align with multilateral currency arrangements.
No need to be distracted with one-world orderor currency theories!
32The Mulberry Ministry
Major Organizations ThatMajor Organizations ThatGovern Global Systemic ConvergenceGovern Global Systemic Convergence
Bank of International Settlements
World Bank
IFRS, IASB (Accounting Standards)
International Monetary Fund (IMF)
Various financial/securities bodies
… and countless more
Much Room For Further Convergence
33The Mulberry Ministry
What Does the IMF Do?What Does the IMF Do?
The IMF promotes international monetary cooperation and exchange rate stability, facilitates the balanced growth of international trade, and provides resources to help members in balance of payments difficulties or to assist with poverty reduction.”Source: International Monetary Fund, http://www.imf.org/external/about/overview.htm.Accessed July 25, 2009.
34The Mulberry Ministry
The SDR The SDR ……Candidate For Global Currency?Candidate For Global Currency?
Ideal for a multi-polar … mini-laterist era
• Established in 1969 by the IMF
• A global monetary accounting unit
• Defined in terms of a group of currencies
• The last issue of SDRs before 2009 took place in 1981
• In 2009, supply of SDRs was boosted 10X ($283 billion)
35The Mulberry Ministry
SDR Content TodaySDR Content Today
Ideal for a multi-polar … minilaterist era
36The Mulberry Ministry
Three Main Players inThree Main Players inEndtimeEndtime World OrderWorld Order
1. Indebted group of powerful nations … 10
Kings Global Power Coalition
2. Elites … wealth people of influence
3. Antichrist/False Prophet
37The Mulberry Ministry
Global Endtime Ruling OrderGlobal Endtime Ruling Orderis an Indebted Oneis an Indebted One
“Will not your debtors suddenly arise? Will they not wake up and make you tremble? Then you will become their victim.”(Habakkuk 2:7)
“Woe to him that increaseth that which isnot his!” (verse 6)
38The Mulberry Ministry
The Last Ruler (Coalition) is IndebtedThe Last Ruler (Coalition) is Indebted
‘Woe to him who piles up stolen goods and makes himself wealthy by extortion! How long must this go on?' Will not your debtors suddenly arise? Will they not wake up and make you tremble? Then you will become their victim. Because you have plundered many nations, the peoples who are left will plunder you. For you have shed man's blood; you have destroyed lands and cities and everyone in them.” (Chapter 2:6-8, NIV)
39The Mulberry Ministry
22ndnd Group of Endtime Players: ElitesGroup of Endtime Players: Elites
“And he [the Antichrist] shall deal with the strongest fortresses by the help of a foreign god: whosoever acknowledgeth him he will increase with glory; and he shall cause them to rule over many, and shall divide the land for a price.” (Daniel 11:39, ASV)
Wealthy or individuals in key positions of economic power are in an endtime collusion.
The Mulberry Ministry
Source: Mishel, Bernstein and Allegretto (State of Working America)
Who are the Elites? Candidates Are Who are the Elites? Candidates Are Speculative at this PointSpeculative at this Point
Ratio of CEO to Average Pay (1965 – 2005)
41The Mulberry Ministry
Big Problems Ahead!Big Problems Ahead!
We live in unprecedented … uncharted times!
Time of deep deception and corruption.
Confusion and desperation.
Anxiety
Severe economic oppression
42The Mulberry Ministry
Population Trends: Two Unprecedented Population Trends: Two Unprecedented Developments in One CenturyDevelopments in One Century
World population annual growth rates - 1800-2005
Source: www.answers.com, US Census Bureau
Source: www.answers.com, US Census Bureau
43The Mulberry Ministry
“36The king will do as he pleases. He
will exalt and magnify himself above
every god and will say unheard-of
things against the God of gods. He
will be successful until the time of
wrath is completed, for what has been
determined.” … Continued
World Population Swings Connected to World Population Swings Connected to Materialism/FinancializationMaterialism/Financialization
44The Mulberry Ministry
“… must take place. 37 He will show
no regard for the gods of his fathers
or for the one desired by women, nor
will regard any god, but will exalt
himself above them all.” Daniel 11:36-
39 NIV
World Population SwingsWorld Population Swings
The Mulberry Ministry
0%
50%
100%
150%
200%
250%
300%
350%
2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
Rising Government Debt Rising Government Debt ––Advanced GAdvanced G--20 Nations20 Nations
Source: International Monetary Fund IMF Staff Position Note, Fiscal Implications of the Global Economic and Financial Crisis, April 2009
Government Debt as % of Gross Domestic Product
The Mulberry Ministry
Source:www.stockcharts.com
US Dollar Headed For Collapse?US Dollar Headed For Collapse?
47The Mulberry Ministry
Conclusion: Excessively Commercialized Conclusion: Excessively Commercialized Nations Never Endorsed in the BibleNations Never Endorsed in the Bible
In admonishment of anyone who thinks that economic growth is infinite:
This is a prophecy still to be fulfilled in the future
“Woe to you who add house to house and join field to field till no space is left and you live alone in the land. The Lord Almighty has declared in my hearing: ‘Surely the great houses will become desolate, the fine mansions left without occupants. A ten-acre vineyard will produce only a bath of wine, a homer of seed only an ephah of grain’.” Isaiah 5:8-10
48The Mulberry Ministry
Conclusion: The Last Commercial Conclusion: The Last Commercial System Will Not Be Based Upon GoldSystem Will Not Be Based Upon Gold
“[…] he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name” Rev. 13:16–17, KJV
No role for gold in this finalmonetary system of Revelation 13
The Mulberry Ministry
1st 42 Months“beginning of sorrows”
2nd 42 Months“terrible day of the Lord”
#1 Seal. White horse …of peace appears first
Conclusion: No Global Systemic Conclusion: No Global Systemic Collapse Collapse …… Until?Until?
Conditions of collapse not compatible with white horse of “global peace” and “flatteries” - Daniel 11:21
50The Mulberry Ministry
Global Collapse … the final financial Armageddon still lies ahead
Global financial systems can be expected to remain (shakily) ascendant and ensnaring until the end
Final systemic collapse likely occurs in 2nd half of Tribulation Period
Huge instabilities, geopolitical dislocations are ahead … greater Global Financial Crisis. “You ain’t seen nothing yet.”
Thoughts to PonderThoughts to Ponder
51The Mulberry Ministry
Where Are We on the Timeline to Where Are We on the Timeline to Global Collapse?Global Collapse?
There is no security to be found in this Dispensation other than in Christ Jesus & His eternal promises. “In this world you will have troubles.” John 16:33Today qualifies as the time of “eating and drinking.”We look to the Lord’s Coming. The Rapture is imminent … at any time. MaranathaOur affections rest upon Him … motive of love and holiness … not escape
52The Mulberry Ministry
Interesting Parallel? Jesus and Global Interesting Parallel? Jesus and Global Financial Crises A.D. 33Financial Crises A.D. 33
Tacitus, Roman historian, provides detailed account of Emperor Tiberius’ response to 33 AD Global Financial Crisis
53The Mulberry Ministry
Jesus and Global Financial CrisesJesus and Global Financial CrisesA.D. 33 A.D. 33 …… contcont’’d.d.
“The destruction of private wealth precipitated the fall of rank and reputation, till at last the emperor interposed his aid by distributing throughout the banks a hundred million sesterces, and allowing freedom to borrow without interest for three years, provided the borrower gave security to the State in land to double the amount. Credit was thus restored, and gradually private lenders were found.”
Source: The Annals (VI, 16-17)
54The Mulberry Ministry
Who Can Stand? Who Can Stand? ““Calling Out in the Calling Out in the MarketplaceMarketplace”” Matt. 11:16Matt. 11:16--1717
The successive economic booms of the world …the temptations of the rising endtime apparition of great wealth or the “deceitfulness of wealth”(Matthew 13:22) … the greater material comforts or the “worries of this life” … the “anxieties of life” (Luke 21:34) … the ever ensnaring end-time money trap … they all play upon the affections of Christians. Who then can sustain such an assault and still stand ready at all times for His coming?
55The Mulberry Ministry
Paul implores non-worldliness
“What I mean, brothers, is that the time is short. From now on [...] those who buy something, as if it were not theirs to keep; those who use the things of the world, as if not engrossed in them. For this world in its present form is passing away.” 1 Corinthians 7:29-31“[…] lift up [our] heads, because [our] redemption is drawing near.” Luke 21:28
Money, Faith & Last Days Money, Faith & Last Days ––Where Are You?Where Are You?
56The Mulberry Ministry
Stalking Global Currency: Endtime Stalking Global Currency: Endtime Money in ProphecyMoney in Prophecy
Economist.com Wilfred J. HahnWilfred J. HahnChristianity on Trial Conference 2010Christianity on Trial Conference 2010
October 22October 22--23, 201023, 2010Regina, SKRegina, SK