In his latest post at The Four Signposts, Mark Davidson notes the coincidental juxta-positioning of this week’s important international news, as well as claims of a possible Greek Antichrist…
Strange, isn’t it?
Sometimes, two events that are seemingly disconnected from each other show one way or another that they are, in fact, connected. We had two international deadlines on June 30. These were deadlines of two on-going international crises. The date came and went, and with both deadlines things did not happen like many were hoping they would. So what do the Iranian nuclear talks and the Greek default and possible Grexit have in common?
The Iranians were supposed to reach a deal with the P5+1 nations (the five permanent UN Security Council members plus Germany) regarding Iran’s nuclear program. An agreement did not happen and has been extended into July; not that it would matter since it is a bad agreement giving Iran carte blanche to start the Second Signpost.
The Greek government was supposed to reach a financial deal with a restructuring of debt with the European Union (EU) and the European Central Bank (ECB) and International Monetary Fund (IMF). That didn’t happen either and now Greek is technically in default. And now the Greeks voted “Yes” overwhelmingly to continue their early retirement ages and largest public pensions, saying in effect to Europe though individually they probably don’t intend it, “I don’t care if you all go broke supporting us.” This is the reason why the German population is now angry. Greece of course is led by Alexis Tsipras (a would-be Antichrist declared by wrong-thinking Roman Antichrist folks), a Marxist who asked for half of Greece’s debt to be forgiven (it seems that one thing Tsipras and Obama share is a lack of a grasp of reality).
Strange how these two on-going crises would share the same date for their deadline. Well, when Iranian military forces run out across the Middle East and the Second Signpost as started in earnest, being able to do all they want to do because they have nuclear weapons, Iran will end the U.S. Petrodollar which would cause a terrible ripple of economic effect fulfilling the Scriptures regarding the second horseman:
“Then another horse came out, a fiery red one. Its rider was given power to take peace from the earth…” (Rev. 6:4a)
With U.S. dollars coming back to American shores via the selling of US debt in the foreign reserves of nations across the world, this will put pressure on the dollar to start hyperinflation. The U.S. government, in the habit of incredible spending for decades now, would raid 401k’s. Derivative bets by the U.S. banks would go the wrong way with the raising of interest rates. The “too big to fail banks” would be allowed to have their own capital controls. Not only will U.S. Dollar woes and oil prices cause havoc in the United States, but it will also ripple to the weakest currencies such as the Euro and the Japanese Yen. Not only will a European nation like Greece that has no energy resources and is saddled in debt find itself in financial chaos, but I believe what we are watching in Greece right now, is a preview of what we may see in the USA and Western Europe.
I believe it is possible that the common deadline with Iran is a signal for us to watch what unfolds in Greece. So watch Greece for a while. Look for clues on how to prepare. Look at how the general population reacts.
One thing that caught my attention was capital controls. People were only allowed to take out the equivalent of $55 US dollars per day, assuming one could get to the ATM due to long lines. Restaurants can’t even feed tourists because there is no money to buy enough food. Have some cash on hand; one should anyway for any given disaster. Some might wonder why have cash if the dollar is going down to oblivion? Well, it probably won’t overnight. Cash would probably be a good thing to have in the first few days and weeks of the crisis. Capital controls would absolutely happen if another crisis were to happen even if only at the level of 2008.
Another thing that caught my eye was the Greek voters said “yes” 61% to 38% to continue their spoiled ways. It reminds me of tens of millions here in the U.S. It is my guess that when things get bad, millions of Americans will be outraged that the world is no longer in their orbit. It also makes me wonder how many in the Church will be outraged because the end times aren’t going the way they thought it would.
Again, watch Greece. Please share your observations.
Thank you Mark and I’m presently writing on the defaults’ significance to Western society from a New Testament perspective.
Note: a brief synopsis of Mark’s work and a selection of related posts may be found at Four ‘Signposts’ of the Books of Daniel and The Apocalypse and under 4Signposts tag respectively.