The recently-concluded G-20 meeting concluded with the usual photo-ops and posed communiqués which indicate that “all is well.” This was a facade, given the deep schisms building up in the global political/financial system.
Before the G-20 meeting, reports indicated President Obama wanted to convince other nations to (A) contribute a lot more combat troops to Afghanistan and (B) create lots of new money out of thin as is being done in the USA to bail-out the global economy. When it was clear that he would fail on both goals, the White House “lowered expectations” and settled for photo-ops of the Obamas basking in the adulation of European crowds. Let’s review what is really going on.
Before the G-20 Summit, France and Germany made it clear that they were fed up with the USA-style mega-bailouts. France’s Sarkozy threatened to “walk out” of the G-20 meetings and France joined Germany in demanding more regulation of global financial markets (translation: more regulation of Wall Street’s reckless practices that have foisted “toxic waste” investments upon the world). Great Britain and Japan seemed to be on the same page as the USA while Russia and China have a new, stated agenda: the end of the US dollar as the global reserve currency. The first two links document these stresses. It appears that the Europeans have won some of their demands for more regulation and the Russians and Chinese managed a “baby-step” in their goal of toppling the global role of the US dollar by convincing the G-20 to create new IMF “Special Drawing Rights” for the conduct of foreign trade outside the regular dollar traffic. The third and fourth links report that Russia is openly pushing for a gold-backed global currency unit of some kind and is actively accumulating gold in anticipation of this development. China has agreed with Russia on this matter and media reports indicate that China is also accumulating gold reserves for a future new world currency system. The fifth link adds that China is already taking unilateral action to bypass the US dollar in global trade. China is creating bi-national agreements with other nations to conduct trade without using US dollars. So far, it has enacted such agreements with Malaysia, South Korea, Belarus, Indonesia and Argentina. Expect this trend to continue. At some point, the dollar will be effectively bypassed by more and more nations due to the growing danger of a US dollar collapse due to overspending by the US government and profligate dollar creation by the US Federal Reserve to bail out Wall Street and the Big Banks. The American public is not being told much of what is really happening on the world stage.
Where do these events fit biblical prophecy? An interesting possibility has emerged. Revelation 17-18 prophesy that a globalist economic system called “Babylon the Great” will experience a colossal collapse at the end of this age. As readers of my previous blogs know, Babylon the Great is the Bible’s term for the globalist system wherein large multinational corporations cooperate with national governments (often staffed with minions from the globalist corporations) in pursuit of global power and riches. Revelation 18:1, 3 and 9 call these economic/political aspects of the globalist system the “merchants of the earth” and the “kings of the earth.” It uses the term “Babylon the Great” because the modern global economic system is built on debt and usury, a system invented in ancient Babylon. For more detailed examinations of the origins of the modern economic system and the prophesied fall of the current globalist system in the latter days,  readers are urged to read my articles “What Kind of Captivity? and “Is Babylon the Great about to Fall…Ushering in a new Beast System?” These articles are becoming ever-more urgent and relevant as world events unfold.
Revelation 17:9-18 prophesy that a group of nations called the “seven heads and ten horns” will cooperate to overthrow the global economic system of Babylon the Great as this age draws to a close. Verse 9 indicates the seven heads are “mountains” on which the “woman” (the “Great Whore” called Babylon the Great) sits. “Mountains” are used as biblical symbols for large nations, and verse 11 indicates this group of seven nations will also have an aspect which involves an eighth nation. The prophetic language is cryptic but can we identify a group of seven nations which is joined to an eighth nation in the modern world? Yes, we can. The G-7 nations are a group of seven and when Russia joins them, they are known as the G-8. This could be the group of seven (or eight) nations which eventually overthrow the global economic system These nations have been ruled (“sat” on) by the Babylonian system of bank-based finance for a very long time. Some of these nations are getting increasingly upset with the toxic financial “investments” which were spewed out by Wall Street (in New York) and The City (in London) in the Anglosphere nations. Many G-20 nations are just as upset and blame the USA for allowing the economic system to almost melt down last September due to a lack of regulation of Wall Street by the US government.
The “ten horns” of Revelation 17 are not yet known, but the global group of nations which dominates world commerce has been expanded into the G-20 nations.  Seven heads and ten horns would total 17 nations. Interestingly, a column by Robert Samuelson in the Washington Post about the global stresses in the aftermath of the G-20 Summit (see the last link) makes this fascinating statement: “A World Bank study found that 17 countries in the G-20 had recently adopted policies that discriminate against imports or favor domestic production.” The World Bank is one of the globalist institutions of the end-time system called Babylon the Great in Revelation 17-18, and its report is worried at the nationalistic trade actions of 17 nations (one can hardly blame them for acting in their own national interests). This same article is reprinted in the April 13, 2009 issue of Newsweek Magazine under the title “A Global Free-for-All?”  
Hmm. The Bible prophesies that the banking- and usury-based system of Babylon the Great will collapse in the latter days due to the coordinated actions of 17 nations. Mr. Samuelson’s column notes that 17 nations within the G-20 are starting to put national interests ahead of the agenda of the globalist institutions. The Bible predicts these nations will include “seven heads” which are cryptically linked to an eight nation and we have the G-7 and G-8 nations. I think we are beginning to see a real pattern developing here. What we do not know is how long it will take for the biblically-prophesied scenario to unfold. It may come soon or it may yet take years to be fulfilled. Given the rumblings that Russia, China, Saudi Arabia and other nations within the G-20 want a gold-backed/commodity-backed new world currency, it is very likely that these open statements are indicative of much more extensive actions behind closed doors to make this happen in the future. Revelation 17:16 prophesies that when the collapse comes, the ten horns will overthrow Babylon the Great and will “make her …naked , and shall eat her flesh and burn her with fire.” This could be applied in the modern world to mean that they will expose and lay bare her high crimes and market manipulations and that they will take over its assets and permanently terminate the usury-based system which began in ancient Babylon.
I have no revelation as to when this event will occur, but we can see the preliminary stages of this fulfillment already taking shape. It will be a very interesting next few years as these prophecies are fulfilled. When Babylon the Great collapses, the Bible prophesies that it will be replaced by a new “beast” system which will reign for three and 1/2 years (Revelation 13:1-7) before this age concludes with the return of Jesus Christ at the head of a heavenly army of spirit beings to overthrow the beast system and take over the rulership of the entire globe (Revelation 19:11-21).  
Given the pace of world developments, we may not have a lot of years left before this age draws to an end. If you are one of the faithful believers in the Creator God, I hope you are getting “ready.” Matthew 25:1-13 records our Lord’s warning to “watch” what is happening in the world because the end-time sequence of events leading to his return will come so suddenly and unexpectedly that all believers will be surprised. Fasten your seat-belts. A “roller-coaster” of prophesied world events could start at anytime in the next few years.