This blog bears the title of an article which was posted at the website (a British media source). This report is in the first link below, and it details the reluctance (or unwillingness) of European governments to do business with Goldman Sachs due to its unscrupulous business practices. Goldman Sachs is arguably the premier Wall Street banking firm, and if European nations are declining to do business with Goldman Sachs, they may also shy away from doing business with any Wall Street banking firms. This signals an obvious lack of trust in Wall Street banks by European nations, and we can be sure that other nations outside of Europe are likely to be just as leery of trusting Wall Street banks right now.

The article states that “European governments are turning their backs on Goldman Sachs,” and that “Greece, Spain, France and Italy have all denied [Goldman Sachs] a lead role in their recent sovereign bond sales.” It adds that “governments have also been shocked at the emergence of past transactions between Goldman and Greece and Italy, where products the bank helped to sell aided both in hiding government debts.” While Germany is not named in the first link, Germany’s pique at Goldman Sachs is documented in the second link below.

The third link below documents the close ties between Goldman Sachs and the Obama White House. It includes the statement that “Goldman’s connections to the White House and the Obama administration are raising eyebrows.” This raises an interesting political consequence for the Obama White House. Given that a number of European nations have reportedly lost their trust for Goldman Sachs, does it not follow that they will also lose their trust of President Obama and his administration if the White House remains close to Goldman Sachs?

As long-time readers of this blog realize, this has prophetic implications. Revelation 18:3 prophesied that a great globalist economic/commercial/monetary system known as “Babylon the Great” would dominate global politics and business in the latter days, and that it would feature an alliance of the globalist “merchants of the earth” and the “kings of the earth.”  That aptly describes the current globalist world system where global multinational corporations and the leaderships of national governments are “in bed” with each other in order to enrich themselves at the expense of the governed (exactly as Revelation 18:3 prophesied would be the case). Revelation 17-18 prophesy that this globalist system will collapse in the latter days and eventually be replaced by a new global power called the “beast” system in biblical prophecies. The current global system of Babylon the Great almost collapsed in the Autumn of 2008, and there are growing signs that its global power is being weakened. The fact that European national governments are openly distancing themselves from the lead Wall Street banking firm confirms that there are major cracks developing in the foundations of the current global political/economic system. The fall of Babylon the Great draws closer with each new sign that the nations are growing disgusted with Babylon the Great’s self-dealing and that they increasingly want to throw off its dominance. If this much disgust is being revealed openly in the media, one can only wonder how deep the anger really has become behind the scenes.

For a more in-depth examination of the process via which Babylon the Great’s current system could collapse in the future, I invite you to read my article, Is Babylon the Great about to Fall…Ushering in a New Beast System? For an in-depth look at why the Bible refers to today’s global economic system as “Babylon the Great,” I invite you to read my article, What Kind of Captivity? Both of these titles can be accessed at the Articles link of my website, and the latter one will detail that the origins of today’s global economic system originated in ancient Babylon.