Economic and Military Events Lining Up

The Strength of Dollars Have Long Been Part of the “Pride of the Power” of the USA (which will be broken per Leviticus 26:19)

COGwriter

In is latest commentary last night, LCG’s Don Davis reported:

World economic collapse: Why? – and how to fix it!

“We are obviously watching the dollar very carefully,” Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee on February 29, 2008. Yes, Bernanke’s Fed is watching, as is the rest of the world, while the once-mighty American dollar sinks to the status of third-world currency! Since August 2007, the U.S. government has spent nearly $1 trillion bailing out financial institutions and to shore up the ailing US economy.

Meanwhile, the cost of the war in Iraq continues to rise…

The U.S. dollar has not been backed by gold, or any real value, for more than a generation. Its only value is the trust investors place in it. Now that trust is being lost, as greedy American mortgage lenders have caused billions of dollars in investments to become almost worthless!

Click here to read more.

As we in the Living Church of God have long been teaching, the USA is setting itself up for an economic and military collapse. Without economic strength, military strength will either erode or be diluted, or more likely both.

Food shortages and price increases occurring and ultimately will worsen:

Food price rises threaten global security – UN

Hunger riots will destabilise weak governments, says senior official

The Guardian, UK – April 9, 2008

Rising food prices could spark worldwide unrest and threaten political stability, the UN’s top humanitarian official warned yesterday after two days of rioting in Egypt over the doubling of prices of basic foods in a year and protests in other parts of the world.

Sir John Holmes, undersecretary general for humanitarian affairs and the UN’s emergency relief coordinator, told a conference in Dubai that escalating prices would trigger protests and riots in vulnerable nations. He said food scarcity and soaring fuel prices would compound the damaging effects of global warming. Prices have risen 40% on average globally since last summer.

“The security implications [of the food crisis] should also not be underestimated as food riots are already being reported across the globe,” Holmes said. “Current food price trends are likely to increase sharply both the incidence and depth of food insecurity.” http://www.guardian.co.uk/environment/2008/apr/09/food.unitednations

These food problems will ultimately affect the USA as well.

Also, notice the following news item that was announced two days ago:

EU gives final approval to Galileo satellite project

EUobserver – April 8, 2008

EU transport ministers on Monday (7 April) gave their final approval to the bloc’s project for a satellite navigation system.Galileo – a global network of 30 navigation satellites and ground stations – is designed to rival the US global positioning system (GPS), has a budget of €3.4 billion for the 2007 – 2013 period, and will be entirely EU owned.

“This represents a decisive step towards a further implementation of this project. Europe has to carry on by intensively developing [Galileo], which constitutes the greatest technical and technological challenge for the EU in terms of developing its proper navigational system,” Slovenian transport minister Radovan Zerjav…“Today, we sent a clear message to Europe and the world that Europe remains committed to its goal of allowing all European citizens and companies a high-quality satellite-navigation service by 2013,” he added.Following Monday’s deal, the European Commission will be responsible for implementing the project and its different programmes, assisted by the Galileo Supervisory Authority and the European Space Agency. http://euobserver.com/9/25939

According to earlier stories (Galileo is military, EC admits The Register, UK – May 17, 2007; Will Military Interest Save Europe’s Beleagured Navigation System? Spiegel – June 7, 2007), it is Europe’s military that pushed to save the Galileo project. And the military probably only would have saved Galileo because the military hopes to use it.

For years, LCG and the COGwriter website have been warning that the European Galileo project was being worked on and that it will provide the Europeans with military capabilities that it currently does not have.

The fact that it is set to be complete by 2013 is completely consistent with my repeated posts that I do not believe that the Great Tribulation can occur before 2012 and that 2013-2017 are more likely dates. (Perhaps I should add that in a recent “must play” sermon DVD, LCG’s RC Meredith stated that while we could possibly have 10-20 years left, that 5 years was a more likely time frame–hence possibly 2013. That is, of course, consistent with what the COGwriter site has been pointing out.)

Prophetic events continue to line up the way that the Living Church of God understands that they need to be. And all need to heed, as Jesus repeatedly told His followers to “watch” before He returns (Matthew 14:25; 24:42; 25:13′ Mark 13:9,33-37; Luke 21:36)–and the Apostle Paul personally wrote that Christians needed to watch (1 Thessalonians 5:6).

The COGwriter site hopes to help by pointing out some of the events, that if watched, that seem to show the nearness of Christ’s return and the absolute accuracy of biblical prophecy. So, stay tuned!

Three articles of related interest may include:

End of Mayan Calendar 2012–Might 2012 Mean Something? There is a Mayan calendar prediction for change in 2012. 2012 changes were also centuries ago predicted by the Hopi Native Americans and the Hindu Indians (who were not even on the same continent). Do these Mayan/Hindu/Hopi prophecies have any value? Why might Satan have inspired this date? Can the great tribulation start before 2012?
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”?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin?