BRICS proposing their own development bank. A prelude to the time of the Gentiles?

Durban, South Africa

In another move that will tend to decouple international economies from the US dollar, the gentile group of nations known as the BRICS are looking at their own international bank:

March 27, 2013

Leaders of the so-called Brics nations – Brazil, Russia, India, China and South Africa – are meeting in Durban to discuss the formation of a new development bank.

The bank would fund infrastructure and development projects throughout the developing nations.

Negotiations will focus on where the bank will be based and how much capital it will have.

It would be the first formal institution of the Brics group.

Some commentators see the bank as a potential rival to the World Bank. http://www.bbc.co.uk/news/business-21951160

March 26, 2013

This year’s theme is cooperation with Africa. Trade between Africa and the BRICS has grown so quickly in the past decade that it is being compared to the scramble for Africa, Europe’s 19th century colonization of the continent.

Last year, the African Union inaugurated its brand new headquarters in Addis Ababa, Ethiopia. The headquarters was financed by China and built mainly with Chinese labor. It is a symbol of Beijing’s growing influence in Africa. China’s direct investment on the continent reached $20 billion last year, and the country accounts for two-thirds of the BRICS’ trade there.

Lynette Chen is chief executive officer of the business council for NEPAD, the African Union’s development agency…“It’s a very exciting time because the BRICS countries can get together to figure out their own set of rules. And that, I think that the West, the global economies, will have to be cognizant of,” Chen said.

In Durban, the BRICS will be launching their own development bank, which will be the first concrete step toward formalizing their economic cooperation. Analysts say the move should give them more influence on international affairs. http://www.voanews.com/content/brics-summit-south-africa/1629306.html

The biblical reality is that the BRICS nations are NOT prophesied to be the main economic power of the world after the Anglo-nations lose dominance. But they, as a block, have seemed determined to try to avoid using the US dollar for their cross border trade, and this bank proposal is another step in that direction.

And yet, I have long expected the BRICS to have problems. China is likely to have civil uprisings, to cite one example. The BRICS also have concerns about each other. Though they are working on that. Notice that the top Chinese and Indian leaders are meeting:

March 27, 2013

China has welcomed Wednesday’s meeting between new President Xi Jinping and Prime Minister Manmohan Singh, saying the much-anticipated first meeting between the country’s new leader and top Indian officials would help boost trust…Chinese officials hailed the agreement to set up a BRICS Development Bank, expected to be announced at the summit even as the five emerging countries are working out the finer details. http://www.thehindu.com/news/international/world/manmohan-xi-meeting-will-improve-trust-says-china/article4554377.ece

The BRICS are starting to try to form a stronger alliance and that is consistent with the rise of the times of the Gentiles that the Bible refers to:

25… Gentiles, who do not know You…they have eaten up Jacob, Devoured him and consumed him, And made his dwelling place desolate. (Jeremiah 10:25)

23 But woe to those who are pregnant and to those who are nursing babies in those days! For there will be great distress in the land and wrath upon this people. 24 And they will fall by the edge of the sword, and be led away captive into all nations. And Jerusalem will be trampled by Gentiles until the times of the Gentiles are fulfilled. (Luke 21:23-24)

2 But leave out the court which is outside the temple, and do not measure it, for it has been given to the Gentiles. And they will tread the holy city underfoot for forty-two months. (Revelation 11:2)

The Gentile powers will rise up. But the primary dominant economic power several years from now will be European (Revelation 13:1-4; 16-17)–the Beasts that Daniel saw (Daniel 7:2-7; 19-25) and what the Apostle John described (Revelation 13,17,18) were compromised mainly of people of which now are considered to have European, not BRICS, heritage.

As far as the BRICS go, they will be impacted by global economic conditions, but they are doing better than they were 10-12 years ago. The fact that they will have ups and downs is to be expected.

Many of the BRICS have suggested in the past that they will try to maneuver take steps to replace the US dollar as well as US influence. And while they have not yet succeeded, the time will come when Europe, and not the USA, is the major economic player in the world (cf. Revelation 13:16-17)–and the moves by the BRICS will likely at least help weaken some US dollar dominance.

And while all the BRICS will apparently cooperate with Europe for a time, it is likely that Russia, China, and probably India and perhaps South Africa will turn against Europe per Daniel 11:44 and other scriptures (Brazil is possible, but seems prophetically to be the least likely because of its cultural and connections to Europe).

Anyway, while we are getting closer to the final time of the Gentiles, we are not there yet. But regularly there are news items showing that steps are being taken consistent with that final rise. Watch (Mark 13:37).

Some articles of possibly related interest may include:

China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for China? Is it a “King of the East”? What will happen to nearly all the Chinese, Russians, and others of Asia? China in prophecy, where?
Africa: Its Biblical Past and Prophesied Future What does the Bible teach about Africa and its future? Did the early Church reach Africa? Will God call all the Africans?
India, Its Biblical Past and Future: Any Witness? The Bible discusses the origins of those of Indian heritage and discusses some of the witness to them (including those in Bangladesh, Pakistan, and Sri Lanka).
Russia: Its Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end?
Is Russia the King of the North? Some claim it is. But what does the Bible teach?
Mexico, Central America, South America, Brazil, and the Caribbean in Prophecy [Español: México, America Central, Suramérica, y el Brasil en profecíal] [Português: México, América Central, Ámérica do Sul, e Brasil na profecia] What will happen to those of Latin America? Will they have prosperity? Will they cooperate with Europe? Will they suffer in the future? What role might the various Caribbean nations/territories play?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe?
Can You Prove that the Beast to Come is European? The Book of Revelation tells of a beast power that will rise up. Some think that this must be Russia or could be Islamic, while others say that this power is European. The Book of Daniel tells of the rise of an end time King of the North that some think must be referring to a Russian leader, while others say that this power is European. How can you be sure? This YouTube video has all the scriptural proofs that you should need to prove that this power must be a European one.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2019 or 202x?
When Will the Great Tribulation Begin? 2013, 2014, or 2015? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000?