A Premillennial View on Global Collapse

Transcription

1 A Premillennial View on Global Collapse Wilfred J. Hahn Midnight Call Charleston Prophecy Conference September 28-30, 2008

2 Current Events Housing prices are plunging Banks around the world are failing Recession people losing homes losing jobs Government bailing out Fannie Mae, Freddie Mac Enormous indebtedness Food & energy prices soaring Gloomy news pessimism everywhere.etc. Is it Financial Armageddon?

3 Massive Real Estate Downturn Domestic and Global House Prices Down an Average of 18% from 2005 Peak Source: Case-Shiller

4 Financial Institutions Sector Experienced a Massive Bubble Source: Deutsche Bank Research

5 Debt Continued to Rise Soon to Rise Much More Source: Ned Davis Research.

6 Massive Real Estate Downturn Could it Run as Long as in Japan? 15 Years? Source: Casey Research

7 Or, is America Being Disciplined? 1. Running out of oil dependent upon OPEC 2. Reliant upon the largesse of surplus nations China, Saudi Arabia, Russia? 3. Hook in the jaw with respect to Iraq, Afghanistan 4. Fated for massive debt increase $1 trillion deficits falling state budgets etc. 5. Lost global influence financial, economic? 6. Dollar to collapse more? Beginning of the end for US?

8 Recent Financial Events Significant For Various Prophetic Perspectives 1. Americans/Christians not spared financial demise before Rapture we believe (Escape notion from materialistic idolatry defused) 2. America not catalyst of Financial Armageddon 3. View that US is Babylon will be seen confirmed (but wrong) 4. British Israelite groups will see vindication 5. Dominionism/Reconstructionist see reason for exuberance (but wrong).

9 Will America Downturn Lead to Global Financial Armageddon? Not Likely America highly influential economically for the world but only 23% of world economy, not 100% Even if assume $2.5 trillion in bail-out costs, would amount to 2.5% of world securities wealth, 4.5% of world GDP IMF documents 41 currency/banking crises in past 20 years some costing over 10% of country GDP But, US government debt will at least double!

10 Japan s Crisis of Last Decade Provides a Perspective Government debt up from 65% to ~ 180% of GDP Source: OECD estimates for 2005, 2006 and 2007, OECD Economic Outlook 79 database

11 Concerns About? Why would Christians care? Prophetic interest or a matter of the heart?

12 Some Perspectives Required! 1. A Matter of Vantage Point Premillennial Biblical View 2. Primer on Secular World Trends 3. Bible s View on 4. More Than One Wealth Over-turn Prophesied 5. Where We Are on the Timeline? 6. Inevitable Path to 7. Thoughts to Ponder

13 Geopolitical Narcissism: How Bad is Crisis in the US? What Does God See? Consider Indonesia s Fate during Asian Crisis United States 9,629,091 sq. km Indonesia 1,919,440 sq. km US 5x larger than Indonesia in size. Source: World Bank, Govt. of China

14 Importance by Size of Economy? (2008 Estimate, USD Current) US is Much Bigger Economically, Geopolitically United States $14,195 Indonesia $488.1 US economy 29x as large! Source: IMF WEO Projections

15 Importance of People: What Does God See? (2008 USD Current) Country Populations in the Same League United States Indonesia Source: IMF WEO Database Population - Millions

16 Indonesia s Markets Collapsed During Asian Crises Indonesia Stock Market MSCI Index, Monthly, Jan to Dec. 1998, Local 1,100 1, Down More than 70% in 15 months! 300 Jan-96 Mar-96 May-96 Jul-96 Sep-96 Nov-96 Jan-97 Mar-97 May-97 Jul-97 Sep-97 Nov-97 Jan-98 Mar-98 May-98 Jul-98 Sep-98 Nov-98 Source: MSCI Emerging Market Database

17 Indonesia s Economy Imploded During the Asian Crises of 1990s Indonesian Economy Annual, 1996 to 1998, Constant, Billions Rupiah 1,600,000 1,550,000 1,500,000 1,450,000 1,400,000 1,350,000 1,300,000 Down 13.2% 1997 to ,250,000 Source: IMF WEO Database 1,200,

18 Which Crisis is Greater in God s Eyes? Are not two sparrows sold for a penny? Yet not one of them will fall to the ground apart from the will of your Father. 30 And even the very hairs of your head are all numbered. 31 So don't be afraid; you are worth more than many sparrows. Matthew 10:29-31 US crisis comparatively mild and over-rated.

19 What Chance Global Financial Apocalypse Now? Global Financial Apocalypse NO! According to Bible prophecy, Antichrist needs functioning global financial markets U.S. may have contributed much global financial infrastructure but likely not the catalyst for global collapse yet. Many crises before that have been greater Mankind will patch up its leaking humanistic boat to yet be judged in future (FLW?)

20 No Global Systemic Collapse Until? 1 st 42 Months beginning of sorrows 2nd 42 Months terrible day of the Lord #1 Seal. White horse of peace appears first Conditions of collapse not compatible with white horse of global peace and flatteries - Daniel 11:21

21 Bible s View on Global Wealth Overturns Possibly 7 (certainly 6) types or occasions of wealth turnovers are prophesied or indicated present and yet future Often confused and mixed up At least 5 are pre-millennium 1 in the Millennium period All other collapses prior to the Millennium are of a different type

22 Bible s View on Global Wealth Overturns Present and Yet Future 1. Present Dispensation (Today) 2. Globalism/Globalization 3. Wrath Upon the Great Whore 4. Wrath Upon All Mankind 5. Wrath Upon Israel 6. Wrath and Judgment Upon Mammon/Commercialism 7. Lifting Up of Israel to the Head of the World

23 7. Israel to the Head of the World 1. You will feed on the wealth of nations, and in their riches you will boast - Isaiah 61:6 2. n you will look and be radiant, your heart will throb and swell with joy; the wealth on the seas will be brought to you, to you the riches of the nations will come. - Isaiah 60:5 3. Surely the islands look to me; in the lead are the ships of Tarshish, bringing your sons from afar, with their silver and gold [...]. - Isaiah 60:9

24 7. Israel to the Head of the World Cont d 4. I will extend [ ] the wealth of nations like a flooding stream; you will nurse and be carried on her arm and dandled on her knees. - Isaiah 66:12 5. Your gates will always stand open, they will never be shut, day or night, so that men may bring you the wealth of the nations their kings led in triumphal procession. - Isaiah 60:11 6. wealth of all the surrounding nations will be collected great quantities of gold and silver and clothing. - Zechariah 14:14

25 7. Israel to the Head of the World Cont d 7. mountains (nations) will bring prosperity to the people [ ] - Psalms 72:3 8. kings of Tarshish and of distant shores will bring tribute to him; the kings of Sheba and Seba will present him gifts. - Psalms 72:10 9. Rise and thresh, O Daughter of Zion [ ] I will give you hoofs of bronze and you will break to pieces many nations. You will devote their illgotten gains (betsa) to the LORD, their wealth to the Lord of all the earth. - Micah 4.13

26 6. Judgment Upon Babylon For Pride, Brutality, Self-Sufficiency & Religion Fallen! Fallen is Babylon the Great, which made all the nations drink the maddening wine of her adulteries. - Revelation 14:8 [ ] never to be found again. - Rev. 18:21 fruit you longed for is gone from you. All your riches and splendor have vanished, never to be recovered. - Revelation 18:14 Represents height of materialistic idolatry ecumenicism of god and Mammon.

27 6. Mammon/Idolatry Cont d Consider OT Prophecies about Tyre More than 20 prophecies involving Tyre/Sidon Why? (Jesus & 7 prophets, Ezekiel gives 8) Why 3 consecutive prophecies - Ezekiel Over 40 traded materials mentioned, trade with 40-plus countries Lucifer behind its pride, deceit & excessive trading 3 rd most-mentioned city/state in Bible prophecy Why? Several judgments some same as Babylon

28 6. Mammon/Idolatry/Commercialism Tyre Cont d At the end of seventy years, the LORD will deal with Tyre. She will return to her hire as a prostitute and will ply her trade with all the kingdoms on the face of the earth. 18 Yet her profit (ethnan) and her earnings will be set apart for the LORD; they will not be stored up or hoarded. Her profits will go to those who live before the LORD, for abundant food and fine clothes. -Isaiah 23:17-18 Wealth has a different judgment than Babylon s!

29 Summary: Different Outcomes of Wealth tributes and riches of the nations will flow to Israel. NATIONS You will devote their ill-gotten gains (Heb: betsa) to the LORD, their wealth to the Lord of all the earth. - Micah 4:13 (Same as Tyre s wealth) TYRE Yet her profit (Heb: ethnan) and her earnings will be set apart for the LORD; they will not be stored up or hoarded. Her profits will go to those who live before the LORD, for abundant food and fine clothes. - Isaiah 23:18 BABYLON never to be found again. - Rev. 18:21

30 Different Kinds of Wealth; Different Uses 2 or more kinds of wealth of the nations ill-gotten gains (Heb: betsa - gains by extortion ) - Micah 1:7 gold and silver and clothing flows, tributes & gifts various references (Heb: ethnan - wages of prostitution) - Isaiah 23:17 Some goes to the people of Millennial Israel Some consecrated to the Lord (Tyre s betsa ) Some never to be found But why is Babylon s wealth not to be found?

31 6. Mammon/Commercialism/Idolatry Many parallels between OT Tyre and NT Babylon the Great wealth, but not exactly the same Babylon: In addition to similarities with Tyre, we see syncretism of religion and commerce, god and Money back to Babylonia Tyre: excessive trading & materialistic idolatry Tyre: Global relations or prostitution with trade. 3 levels of judgment: 1: Sycretism 2: Pride, Globalization 3: Idolatry - Deceit & Corruption Other information: Jeremiah 51, Zechariah 5

32 6. Different Judgments/Collapse Upon Babylon the Great [ ] in one day her plagues will overtake her: death, mourning and famine. She will be consumed by fire. [...] - Revelation 18:8 1. Kings of the Earth In one hour your doom has come! - Revelation 18:9 2. merchants of the earth In one hour such great wealth has been brought to ruin! Verse Every Sea Captain In one hour she has been brought to ruin! Verse 19 Judgments in one hour & one day can t be the same.

33 6. Different Judgments/Alignments With Tyre Prophecies 1. Kings of the Earth (Globalism) 2. merchants of the earth (MaterialisméIdolatry) 3. Every Sea Captain (Globalization) Judgments in one hour & one day can t be the same.

34 5. Wrath Upon Israel 1. "On that day," declares the LORD, "a cry will go up from the Fish Gate, wailing from the New Quarter, and a loud crash from the hills. 11 Wail, you who live in the market district; all your merchants will be wiped out, all who trade with silver will be ruined. - Zephaniah 1: Writhe in agony, O Daughter of Zion, like a woman in labor, for now you must leave the city to camp in the open field. - Micah 4:10 3. Neither their silver nor their gold will be able to save them on the day of the LORD's wrath. - Zephaniah 1:18

35 4. Wrath Upon All Mankind See, the LORD is going to lay waste the earth and devastate it; he will ruin its face and scatter its inhabitants it will be the same for priest as for people, for master as for servant, for mistress as for maid, for seller as for buyer, for borrower as for lender, for debtor as for creditor. earth will be completely laid waste and totally plundered. LORD has spoken this word. - Isaiah 24:1-3 A clear collapse occurring pre-millennium Armageddon, Edom, Nations etc. Notice the 6 Pairs!

36 Isaiah s Prophecy Foreshadowings & Meanings of the 6 Pairs? Six Pairs & Regimes Mentioned: 1. for priest as for people, Stage 1: Religious order 2. for master as for servant Stage 2: Social order 3. for mistress as for maid, Stage 3: Elitist order 4. for seller as for buyer, Stage 4: Economic order 5. for borrower as for lender Stage 5: Dependent order 6. for debtor as for creditor Stage 6: Oppressive order Ultimately, the basest order a 6 th and final phase where merchants become the world great men. (Rev. 18:23) (#6 stands for man or the works of man, for man was made on the 6th day.)

37 4. Wrath Upon All Mankind Cont d 12 LORD Almighty has a day (Editor: long and/or short Day of the Lord) in store for all the proud and lofty, for all that is exalted (and they will be humbled), 13 for all the cedars of Lebanon, tall and lofty, and all the oaks of Bashan, 14 for all the towering mountains and all the high hills, 15 for every lofty tower and every fortified wall, 16 for every trading ship and every stately vessel. 17 arrogance of man will be brought low and the pride of men humbled; the LORD alone will be exalted in that day, 18 and the idols will totally disappear. - Isaiah 2:12-17

38 4. Wrath Upon All Mankind Cont d 9 Raise the war cry, you nations, and be shattered! Listen, all you distant lands. Prepare for battle, and be shattered! Prepare for battle, and be shattered! 10 Devise your strategy, but it will be thwarted; propose your plan, but it will not stand, for God is with us. - Isaiah 8: See, the Lord, the LORD Almighty, will lop off the boughs with great power. lofty trees will be felled, the tall ones will be brought low. 34 He will cut down the forest thickets with an ax; Lebanon will fall before the Mighty One. - Isaiah 10:33-34

39 3. Wrath Upon the Great Harlot y (the kings) will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to give the beast their power to rule, until God's words are fulfilled. 18 woman you saw is the great city that rules over the kings of the earth." - Revelation 17:16-18 We conclude that wealth of gold, precious stones and pearls and purple & scarlet (Rev. 17:4) is destroyed or turned over

40 2. Globalism/Globalization 5 prophetic statements or visions (Daniel 2, 7, Revelation 12, 13, 17) outline that 10 kings will come together to form a world-dominating power coalition and World System under Antichrist in the Last Days He [ ] greatly honors those who acknowledge him. He will make them rulers over many people and will distribute the land at a price. - Daniel 11:38-39 Must be underway before and into the Tribulation. y are then disenfranchised.

41 2. Globalism/Globalization Cont d 1 st 42 Months Beginning of sorrows 2nd 42 Months terrible day of the Lord #2. War #3. Food Crisis #4. Famine/Death Seals #2 to #4 significantly devastate economies & wealth. 2 nd 42 months kings hide under rocks

42 2. Globalism/Globalization Cont d n the kings of the earth, the princes, the generals, the rich, the mighty, and every slave and every free man hid in caves and among the rocks of the mountains. - Revelation 6:15 elites and the kings (globalism) are humbled, their kingdoms tremoring

43 Excessively Commercialized Nations Never Endorsed in the Bible In admonishment of anyone who thinks that economic growth is infinite: 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. 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 This is a prophecy still to be fulfilled in the future

44 Excessively Commercialized Nations Cont d Speaking of Assyria s economic rapaciousness: Multiply like grasshoppers, multiply like locusts! You have increased the number of your merchants till they are more than the stars of the sky, but like locusts they strip the land and then fly away. Your guards are like locusts, your officials like swarms of locusts that settle in the walls on a cold day but when the sun appears they fly away, and no one knows where. - Nahum 3:15-17 This is a prophecy still to be fulfilled in the future

45 Excessively Commercialized Nations Cont d Many indictments of ancient Tyre s excesses in this area: By your great skill in trading you have increased your wealth, and because of your wealth your heart has grown proud. - Ezekiel 28:5 Through your widespread trade you were filled with violence, and you sinned. - Ezekiel 28:16 By your many sins and dishonest trade you have desecrated your sanctuaries. - Ezekiel 28:18 All excessively commercialized, greed-infused systems or activities of mankind are either condemned or castigateds.

46 1. Present Dispensation Curse, Natural Laws "Cursed is the ground because of you; through painful toil you will eat of it all the days of your life. It will produce thorns and thistles for you, and you will eat the plants of the field. By the sweat of your brow you will eat your food until you return to the ground, since from it you were taken; for dust you are. - Genesis 3:17-19

47 1. Present Dispensation Also Temptations, Discipline & Deceit In this world you will have troubles. - John 16:33 [ ] but the worries of this life, the deceitfulness of wealth and the desires for other things come in and choke the word, making it unfruitful. - Mark 4:19 Current natural order of world includes gain and loss, destruction & upheaval (not as Tribulation)

48 Also, Worlds Change & Collide Over Time: Economic Size by Major Regions & Powers $10,000,000 $1,000,000 Gross Domestic Product, Billions 1990 International Dollars 1500 AD to 1998 $100,000 $10,000 $1,000 mmi UK Europe ex. UK Western Offshoots Asia ex. BL B ible Land ( B L) $ Source: World Economy - A Millennial Perspective 2001 OECD, Angus Maddison. Adapted from Table B-18, pg China was world s largest economy 18 of past 20 centuries. No Armageddon there

49 Meantime Nothing New Under the Sun. Greater Crises Have Happened Before Source: Reinhart, Rogoff NBER

50 Crises, Defaults and Tremors Have Spread to More Countries in Past 200 Years Source: Reinhart, Rogoff NBER

51 Definition of Complacency? People were eating and drinking, buying and selling, planting and building. [ ] "It will be just like this on the day the Son of Man is revealed. - Luke 17: 28, 30 Christ returns (Rapture occurs) when think not when general global complacency exists

52 Globally-Weighted Complacency No Need for Optimism Among All Peoples Nations? Despite crises and cycles, none are large enough to truly cause people to stop eating and drinking`` buying and selling, planting and building`other than for momentary periods. Current financial crises do not obviate ìmminency. Rapture can occur anytime.

53 1. Present Dispensation Also Disciplining for Rich Christians before Tribulation? 1 Now listen, you rich people, weep and wail because of the misery that is coming upon you. 2 Your wealth has rotted, and moths have eaten your clothes. 3 Your gold and silver are corroded. ir corrosion will testify against you and eat your flesh like fire. [ ] 5 You have hoarded wealth in the last days. You have fattened yourselves in the day of slaughter. - James 5;1-3,5

54 World Debt/Wealth Skew Widens: Top 10 Christian Heritage Nations Have >60% Wealth Source: Worlds Apart: Milanovic

55 Thoughts to Ponder the final financial Armageddon still lies ahead Global financial systems can be expected to remain interlinked and functional Several collapses or transfers prophesied Final systemic collapse likely occurs in 2nd half of Tribulation Period re is no security to be found in this Dispensation. In this world you will have troubles. - John 16:33

56 Where Are We on the Timeline to Global Collapse? No security to be found other than in Christ Jesus & His eternal promises Today qualifies as the time of eating and drinking. Our affections rest upon Him motive of love, not escape We look to the Lord s Coming. Rapture is imminent at any time. Maranatha

57 Who Can Stand? Calling Out in the Marketplace - (Mat. 11:16-17) 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?

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