Church of God News

Emblem of the Eurasian Economic Union

COGwriter

A reader sent me the following link: https://www.novosti.rs/planeta/svet/1096374/rusija-zapad-kina-valutni-sistem. He suggested I machine-translate it into English from Russian. So, here are some machine translated excerpts:

EASTERN ANSWER TO THE WEST AND THE DOLLAR: The Eurasian Economic Union and China are preparing an independent international monetary system

March 14, 2022 at 10:07 p.m.

The participants in the economic dialogue “New stage of monetary-financial and economic cooperation between the Eurasian Economic Union and China” agreed on that. Global Transformations: Challenges and Solutions “, which was held on March 11 in the form of a video conference.

The system is expected to be based on the new international currency, which will rely on the index of national currencies of member states and the price of goods on stock exchanges.

The first project will be considered by the end of March.

As the Minister for Integration and Macroeconomics of the Eurasian Economic Commission, Sergei Glazyev, underlined, China was the first in the world to move to the stage of recovery of the national economy.

As long-term readers of this COGwriter Church of God News page are aware, I have warned for years that USA sanctions were pushing nations away from the USA dollar as the world’s reserve currency. There are many unintended consequences of sanctions.

China, having seen what the USA has been doing to Russia and Russian assets, wants to better shield itself from similar sanctions as it suspects that will happen should it engage in military action to invade Taiwan.

While apparently not part of the meeting between China and the Eurasian Economic Union (EAEU), India also is working with Russia (which leads the EAEU) to bypass the USA dollar. India and Brazil, who along with Russia, China, and South Africa, make up the BRICS nations, have not joined the West against Russia (see ‘As Sanctions Against Russia Take Hold, They Are Having The Effect Of Devastating Economies All Over Europe, Who Will Be The First To Fall?’).

As far as China goes, notice the following:

Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales

March 15, 2022

One of the core staples of the past 40 years, and an anchor propping up the dollar’s reserve status, was a global financial system based on the petrodollar – this was a world in which oil producers would sell their product to the US (and the rest of the world) for dollars, which they would then recycle the proceeds in dollar-denominated assets and while investing in dollar-denominated markets, explicitly prop up the USD as the world reserve currency, and in the process backstop the standing of the US as the world’s undisputed financial superpower.

…  the WSJ is out with a blockbuster report, noting that “Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan,” a move that could cripple not only the petrodollar’s dominance of the global petroleum market – something which Zoltan Pozsar predicted in his last note – and mark another shift by the world’s top crude exporter toward Asia, but also a move aimed squarely at the heart of the US financial system which has taken advantage of the dollar’s reserve status by printing as much dollars as needed to fund government spending for the past decade. …

The Saudis are angry over the U.S.’s lack of support for their intervention in the Yemen civil war, and over the Biden administration’s attempt to strike a deal with Iran over its nuclear program. Saudi officials have said they were shocked by the precipitous U.S. withdrawal from Afghanistan last year.

China buys more than 25% of the oil that Saudi Arabia exports, and if priced in yuan, those sales would boost the standing of China’s currency, and set the Chinese currency on a path to becoming a global petroyuan reserve currency.

As even the WSJ admits, a shift to a (petro)yuan system, “would be a profound shift for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything other than dollars” as the majority of global oil sales—around 80%—are done in dollars, and the Saudis have traded oil exclusively in dollars since 1974, in a deal with the Nixon administration that included security guarantees for the kingdom. It appears that the Saudis no longer care much about US “security guarantees” and instead are switching their allegiance to China. https://www.zerohedge.com/markets/petrodollar-cracks-saudi-arabia-considers-accepting-yuan-chinese-oil-sales

Losing ‘pterodollar’ status will kick out one of the legs that the international acceptance of the USA dollar stands on out. This will hurt the USA.

If enough nations bypass the USA dollar, it will stop being the world’s primary reserve and trading currency. This will cause massive economic problems for the USA as well as increase inflation. IT WILL BE HORRIBLE FOR THE USA BEYOND ANYTHING EVER SEEN IN ITS HISTORY.

Furthermore, as I reported here in December, The Russian-dominated Eurasian Economic Union and Chinese dominated Belt and Road Initiative reportedly are intercomplementary:

December 20, 2021

The One Belt One Road initiative and the Eurasian Economic Union (EAEU) are not competing projects, being considered as intercomplementary, Russian Deputy Foreign Minister Andrey Rudenko said, speaking at the presentation of the Valdai International Discussion Club’s report entitled ‘Space Without Borders: Russia and Its Neighbors’ on Monday.

“We see no contradiction between the two [projects] — One Belt One Road and the Eurasian Economic Union. We consider them intercomplementary, not competing projects,” he said.

“The Chinese project [One Belt One Road] is aimed at the creation of some infrastructure elements in Central Asia, and not only in Central Asia, but on the whole route between China and Europe,” Rudenko noted, adding that the developed infrastructure would create more favorable investment climate, which the EAEU particularly deals with.

“We welcome China’s interest in our union and the [existing] agreements <…> demonstrate that, indeed, the better the economic situation in Central Asia is, the better the situation will be for all, including Russia,” he concluded. 12/20/21 https://tass.com/economy/1378239

The Bible tells of a final time of the Gentiles (Luke 21:24), this will be a new world order where the American and British peoples no longer lead.

Notice also the following video:

The political reality is that both the Trump and Biden Administrations have imposed sanctions. This is leading many nations to try to get around them and USA influence.

While the European Union is not part of Asia, China’s One Belt, One Road Initiative (also called the Silk Road project) it also connects Europe to more locations in Asia–and Europe itself has pledged to make more connections to Asia (see ‘Will the United States and Europe Break Up Over China?’)–and has pledged money to do so (see ‘The European Union has unveiled its €300 billion ($340 billion) alternative to China’s Belt and Road initiative’). Such European involvement may not be so much as an alternative, but intercomplementary as roads normally run in two directions.

Notice also the following prophecies from the Old and New Testaments:

23 ‘Make a chain,
For the land is filled with crimes of blood,
And the city is full of violence.
24 Therefore I will bring the worst of the Gentiles,
And they will possess their houses;
I will cause the pomp of the strong to cease,
And their holy places shall be defiled.
25 Destruction comes;
They will seek peace, but there shall be none. (Ezekiel 7:23-25)

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)

Notice that Ezekiel, Jesus (whose words are recorded in Luke), and John (who penned Revelation) were talking about the same time.

The time of Gentile domination is prophesied (Ezekiel 7:24, 30:1-3, 34:25-30; Jeremiah 10:25; Luke 21:23-24; Revelation 11:2)–though it is not quite here yet. It will be here for the 3 1/2 years of the Great Tribulation and the Day of the Lord.

The Great Tribulation itself is further described in Revelation 6:9-11 (the fifth seal, that seems to occur because the faithful church has suffered martyrdom, cf. Daniel 11:31-35; Matthew 24:9-10), Lamentations, Daniel, and other parts of the Bible. It starts with Matthew 24:21 and Daniel 11:39.

Some would call this World War III (WWIII; see also World War III: Steps in Progress and/or watch Is World War III About to Begin? Can You Escape?).

What is commonly known as ‘Armageddon’ could perhaps be called WWIV.

The term Armageddon is only used once in the Bible. It is the sixth of seven bowls of God’s wrath:

1 Then I heard a loud voice from the temple saying to the seven angels, “Go and pour out the bowls of the wrath of God on the earth.” (Revelation 16:1)

12 Then the sixth angel poured out his bowl on the great river Euphrates, and its water was dried up, so that the way of the kings from the east might be prepared. 13 And I saw three unclean spirits like frogs coming out of the mouth of the dragon, out of the mouth of the beast, and out of the mouth of the false prophet. 14 For they are spirits of demons, performing signs, which go out to the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty.

15 “Behold, I am coming as a thief. Blessed is he who watches, and keeps his garments, lest he walk naked and they see his shame.”

16 And they gathered them together to the place called in Hebrew, Armageddon. (Revelation 16:12-16)

For them to gather, they must cross over land to get to Armageddon. China’s Silk Road project will make this easier.

The kings of the east reference refers to Asian nations, including Russia, whose border extends to the farthest parts of the east.

50:41 “Behold, a people shall come from the north,
And a great nation and many kings
Shall be raised up from the ends of the earth.
42 They shall hold the bow and the lance;
They are cruel and shall not show mercy.
Their voice shall roar like the sea;
They shall ride on horses,
Set in array, like a man for the battle,
Against you, O daughter of Babylon.

43 “The king of Babylon has heard the report about them,
And his hands grow feeble;
Anguish has taken hold of him,
Pangs as of a woman in childbirth…”(Jeremiah 50:41-43).

Russia is in the north and is in the northern and eastern ends of the earth. China is also at the far eastern end of the earth. Russia and China will cooperate in Armageddon.

Notice also that the Bible shows Babylon tied together with birth pains/pangs to a group from a far country:

1 The burden against Babylon which Isaiah the son of Amoz saw.

2 “Lift up a banner on the high mountain, Raise your voice to them; Wave your hand, that they may enter the gates of the nobles. 3 I have commanded My sanctified ones; I have also called My mighty ones for My anger–Those who rejoice in My exaltation.” 4 The noise of a multitude in the mountains, Like that of many people! A tumultuous noise of the kingdoms of nations gathered together! The LORD of hosts musters The army for battle. 5 They come from a far country, From the end of heaven–The LORD and His weapons of indignation, To destroy the whole land. 6 Wail, for the day of the LORD is at hand! It will come as destruction from the Almighty. 7 Therefore all hands will be limp, Every man’s heart will melt, 8 And they will be afraid. Pangs and sorrows will take hold of them; They will be in pain as a woman in childbirth; They will be amazed at one another; Their faces will be like flames (Isaiah 13:1-8).

Thus, both the accounts in Jeremiah and Isaiah seem related to the same invaders. This is referring to an end time confederation that has a distance to travel–apparently a type of union of powers from the east including Russia, who is also the major power of the far north.

Furthermore, a “far country” also seems to be tied to the powers of the east elsewhere in Isaiah:

11 Calling a bird of prey from the east, The man who executes My counsel, from a far country. Indeed I have spoken it; I will also bring it to pass. I have purposed it; I will also do it. (Isaiah 46:11)

We are seeing steps for such a confederation beginning to come to pass.

When will it end?

The old Worldwide Church of God taught:

With the second coming of Christ, the “times of the Gentiles” will at last come to an end. (Stump K. The Arab World in Prophecy. Plain Truth, December 1979, p. 38)

For the final time of the Gentiles to arise, the Gentiles will need to cooperate together against the USA and its Anglo-Saxon descended allies. The BRICS, EAEU, SCO, and Silk Road arrangements are all intended to do that–as is the European Union–and the nations involved in them are all taking steps which align with properly understood biblical prophecies. A block of nations from North Africa and the Middle East will also be involved (cf. Daniel 11:27, 40-43)–this is something that US, EU, and others have encouraged (see How Will Middle East Peace be Brought About?).

Yet, most in the USA, Canada, UK, Australia, and New Zealand do not understand what is now happening on the world scene and how they will be affected.

USA sanctions will NOT stop what is coming and much of which is starting to form before our eyes now.

World events are aligning with properly understood biblical prophecies.

Steps towards Armageddon and the final time of the Gentiles are happening. Yet, most of the mainstream media seems oblivious to this as they do not respect the Bible nor understand how world events are aligning with many of its prophecies.

As Jesus said: “And what I say to you, I say to all: Watch!” (Mark 13:37).

Some items of possibly related interest may include:

The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Russia and Ukraine: Their 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? There is also a video sermon available: Russia in the Bible and in Prophecy as are two video sermonettes Russia, Ukraine, Babylonian Europe, and Prophecy and Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? Are we close to the battle with Gog and Magog? Four related videos are available: Ezekiel 38 Gog and Magog War: Is it Soon?, Ezekiel 38: For Russia, Ukraine, & Iran Now?, Russia, Iran, Syria, & the Bible (Code), and Gog, Magog, Vladimir Putin, and Ezekiel 38?
Europa, the Beast, and the Book of Revelation discusses the largest church since the second/third century, which in a real sense is the eighth church mentioned in the Book of Revelation (it also endorses “eighth day” worship). What church would support the Beast? Here is a link to a video titled: Europe and the ‘Holy Roman Empire’.
Iran in Prophecy Is Iran in Bible prophecy? If so, what does the Bible teach? What names, other than Persia, may be used to describe Iran? There is also a related YouTube video titled Iran In Prophecy. Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? Japeth, Javan, Magog? Is there evidence that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel? What do Chinese writings and characters help show? What about the Garden of Eden, Noah’s Flood, and the Tower of Babel? Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia? A related sermon is also available: China’s biblical past and prophetic actions.
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? What about the Apostle Thomas? Did Confucius say anything to get the Chinese to possibly consider Christianity? Is there early evidence that they observed the seventh day sabbath? What about the Ten Commandments? What type of Church of God witness has there been to China? What has been happening with China that ties it together with prophecies in Revelation? What about the 200 million man army and Armageddon? What about the Belt and Road Initiative and end time Babylon the Great? A related sermon is also available: China’s biblical past and prophetic actions. Watch also China’s Silk Road and Babylon the Great.
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? Here is a link to a related sermon: Asia in Prophecy. Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.

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This entry was posted on Tuesday, March 15th, 2022 at 7:00 am and is filed under Prophecy.

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