European Monetary Strategy

When the European Union integrated its currencies into the Euro it was fulfilling a dream of previous empires. Monetary union was the policy of the Roman Empire and was duplicated by Charlemagne when he established the Holy Roman Empire.  It was reintroduced by Otto Von Bismark during the Second Reich he tried to re-establish the Holy Roman Empire. Now it has been reintroduced by the European Union fulfilling in part the words of Revelation 17:13

“These have one mind, and shall give their power and strength unto the beast.”

The nations of Europe give up their “power” – the Greek word dunamis, defined by Strongs to include, “the power and influence which belong to riches and wealth.”

The nations of the European Union gave up their “power” to form a new economic block that had teeth. Part of the motivation was to reduce the influence of the United States in the European sphere of influence. The US dollar has been the currency nations have purchased to secure stability for their own currencies during the past 60 years. The US was able to fund its military spending because it was subsidized nations purchasing treasury bonds. They were able to live outside their means and become the dominant power in the world.  European nations began to realize that they “received no kingdom as yet” and so embarked upon the goal of  unseating the US dollar as the dominant world currency providing the Euro as an alternative for nations to trade and do business in.

Russia Weighs In

The economic crisis of the past few months has clearly seen the US dollar weaken. Adversaries of the US have been quick to jump in and try to unseat the power of the US dollar during this crisis.

 Russia is spearheading an endeavour to further the demise of the dollar.  The Moscow Times reported on June 17, 2009:

President Dmitry Medvedev led the leaders of Brazil, China and India in discussions Tuesday on reforming the global financial system and lessening reliance on the United States at the first summit of the world's four largest emerging economies. The four BRIC countries ­ which make up 15 percent of the global economy and hold nearly 40 percent of the world's currency reserves ­ expressed interest in working more closely together economically….”

The day prior, during the Shanghai Cooperation Organization meeting, “discussions about the creation of a supranational currency and lessening global reliance on the U.S. dollar” dominated the agenda.  A joint statement following the conference stated,

“We are committed to advance the reform of international financial institutions so as to reflect changes in the world economy, the emerging and developing economies must have a greater voice and representation in international financial institutions.”

At the end of the summit, Medvedev said developing countries must "create the conditions for a fairer world order." The article went on to state,

Medvedev reserved his more fiery rhetoric for the Shanghai Cooperation Organization summit, showing that Russia remained eager to play the role of a power broker among emerging economies and a critic of the current world financial system ­ which it views as unfairly dominated by the United States….. Medvedev continued his verbal assault on the U.S. currency, urging leaders to find a way to diversify the world's reserve currencies. "The existing set of reserve currencies, including the U.S. dollar, have failed to perform their functions," Medvedev said.

"There cannot be a successful global currency system if the financial instruments it uses are denominated in only one currency," he said. "This is the case today, and that currency is the dollar."

So we see Russia trying to unseat the economic dominance of the western world, and specifically the United States, in its attempt to recreate a “multi-polar” world not just militarily but also economically. The scriptures clearly paint the picture of a King of the North and King of the South in the book of Daniel – two power blocks vying for dominance specifically in the region of the Middle East.

Enter stage left - the Vatican.

This past week, in advance of the G8 Summit in Italy, Pope Benedict XVI issued an encyclical letter entitled Caritas in Veritate or Charity and Truth.

The recommendation of this encyclical?  Well, you guessed it, a new world economic order – with a moral authority at the helm. In his encyclical the pope states of the church,

“She has a public role over and above her charitable and educational activities: all the energy she brings to the advancement of humanity and of universal fraternity is manifested when she is able to operate in a climate of freedom.”

The pope extols the virtues of humanism arguing,

in the pursuit of development, there is a need for “the deep thought and reflection of wise men in search of a new humanism which will enable modern man to find himself anew”

When it comes to the economic crisis? According to the pope it provides a great opportunity:

The complexity and gravity of the present economic situation rightly cause us concern, but we must adopt a realistic attitude as we take up with confidence and hope the new responsibilities to which we are called by the prospect of a world in need of profound cultural renewal, a world that needs to rediscover fundamental values on which to build a better future. The current crisis obliges us to re-plan our journey, to set ourselves new rules and to discover new forms of commitment, to build on positive experiences and to reject negative ones. The crisis thus becomes an opportunity for discernment, in which to shape a new vision for the future. In this spirit, with confidence rather than resignation, it is appropriate to address the difficulties of the present time.

In this new economy what does the pope see as being the primary focus?

Man is the source, focus and the aim of all economic and social life

So according to the pope we are not dealing with a God-centered view of the world, but a man-centered view.  Hence is adoration of humanism.

The solution?  The pope calls for:

a network of economic institutions capable of guaranteeing regular access to sufficient food and water for nutritional needs, and also capable of addressing the primary needs and necessities ensuing from genuine food crises, whether due to natural causes or political irresponsibility, nationally and internationally.

Warning against “new forms of colonialism” the pope calls for “a convergence between economic science and moral evaluation”. 

The pope sees the current situation as being defunct:

the conviction that the economy must be autonomous, that it must be shielded from “influences” of a moral character, has led man to abuse the economic process in a thoroughly destructive way. In the long term, these convictions have led to economic, social and political systems that trample upon personal and social freedom, and are therefore unable to deliver the justice that they promise…. The market is governed solely by the principle of equivalence in value of exchanged goods, it cannot produce the social cohesion that it requires in order to function well…. It must be born in mind that grave imbalances are produced when economic action, conceived merely as an engine for wealth creation is detached from political action, conceived as a means for pursuing justice through redistribution….. Economy and finance, as instruments, can be used badly when those at the helm are motivated by purely selfish ends.

Further to this he sums up the problem of the economic market this way:

Thus every economic decision has a moral consequence. The social sciences and the direction taken by the contemporary economy point to the same conclusion. Perhaps at one time it was conceivable that first the creation of wealth could be entrusted to the economy, and then the task of distributing it could be assigned to politics. Today that would be more difficult, given that economic activity is no longer circumscribed within territorial limits, while the authority of governments continues to be principally local.

The problem he believes this  creates then is that the local government can no longer control the redistribution of wealth, there must be a new system created -  a universal system with a moral authority. What universal (catholic) moral system do you suppose he has in mind? He describes it as a “civil order” that will create a “humane economy”. He states,

The exclusively binary model of market-plus-State is corrosive of society, while economic forms based on solidarity, which find their natural home in civil society without being restricted to it, build up society.

Civil society is, of course, a codeword for catholic intervention. After all, he believes, “Today's international economic scene, marked by grave deviations and failures, requires a profoundly new way of understanding business enterprise.” Therefore the “civil society” comes to the rescue. This is a society which  provides:

“support aimed at strengthening weak constitutional systems can easily be accompanied by the development of other political players, of a cultural, social, territorial or religious nature, alongside the State”

The solution to the world economy is to interject Catholic ethics:

The economy needs ethics in order to function correctly — not any ethics whatsoever, but an ethics which is people-centred.

He calls this new system a “civil economy” or an “economy of communion” where “Christian religion… can offer their contribution to development.” The new economy needs to be brought under spiritual rule:

“Globalization certainly requires authority, insofar as it poses the problem of a global common good that needs to be pursued. This authority, however, must be organized in a subsidiary and stratified way… if it is to yield effective results in practice.

 He believes the new economy should be under the thumb of the church. For example, he states:

Economic aid, in order to be true to its purpose, must not pursue secondary objectives. It must be distributed with the involvement not only of the governments of receiving countries, but also local economic agents and the bearers of culture within civil society, including local Churches.

How will this new economic power be wielded?  The Pope states:

It is good for people to realize that purchasing is always a moral — and not simply economic — act. Hence the consumer has a specific social responsibility, which goes hand-in- hand with the social responsibility of the enterprise.

So we can expect to see boycotts of Israel on the increase. Great.

He sees the necessity of creating an economic institution with teet:

In the face of the unrelenting growth of global interdependence, there is a strongly felt need, even in the midst of a global recession, for a reform of the United Nations Organization, and likewise of economic institutions and international finance, so that the concept of the family of nations can acquire real teeth…. Such authority would need to be universally recognized and to be vested with effective power to ensure security for all, regard for justice and respect for rights.

The pope sees the role of the church as assuming the moral mantle of power to guide the new economy:

Only if we are aware of our calling, as individuals and as a community, to be part of God's family as his sons and daughters, will we be able to generate a new vision and muster new energy in the service of a truly integral humanism. The greatest service to development, then, is a Christian humanism that enkindles charity and takes its lead from truth, accepting both as a lasting gift from God.

Well, there you have it folks, right out of the mouth of the false prophet – the unclean spirit of frogs.  Christian Humanism controlling the world economy to bring about an ethical world order controlled by the church. 

Funny, when we look a Revelation  - this is what we see. “A great whore, sitting upon many waters: with whom the kings of the earth have committed fornication, and the inhabitants of the earth have become drunk with the wine of her fornication (or doctrine – social doctrine in this case)” Rev 17:1-2

This system is to sit on the beast – the latter day European system, controlling her from behind. She is a woman with whom “all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies”. (Rev 18:3). She is a system rich in gold, silver, and precious stones, and of pearls…. And the souls of men (Rev 18:12-13). It is by her “sorceries were all nations deceived” (Rev 18:23). And so they shall be – deceived by the frog spirits and rush ing toward the Battle of the great day of God Almighty. Deceived into making war with the lamb -  who shall overcome them because he is King of Kings and Lord of Lords (Rev 17:14).