I’m sure all readers are aware of the Eurozone crisis which has resulted in bailouts of banks and bondholders in Ireland and in Greece in which the citizenry has to make ever-increasing sacrifices as part of the “bailouts” or “restructuring” of excessive sovereign debts. Portugal, Spain and Italy have been added to the list of nations needing bailouts and some media articles have speculated France may be next. The German people are reportedly growing very tired of bailing out their financially less-disciplined Eurozone partners, and there is speculation about whether the Eurozone can survive in its current status.
The first link below reveals that one nation has chosen another path. That nation is little Iceland, which was the first European nation to go bankrupt in the ongoing financial/monetary crisis. The article states that Iceland’s choice has been given a media blackout because its solution is “the last thing the powers that be want is for Iceland to become an example.” Initially, Iceland was pressured by the international community, the IMF and especially by Holland and Great Britain to bail out the Icelandic banks’ mistakes with public funds. The banker-backed solution was for “each Icelandic citizen to pay 100 Euros (or about $130) for fifteen years, at 5.5% interest, to pay off a debt incurred by private parties vis-à-vis other private parties.”
Iceland rebelled against the banker-desired “solution.” The Icelandic Head of State “refused to ratify” this solution and submitted it to the voters of Iceland who rejected it by a 93% vote. In spite of dire threats from the international/banker community, Iceland has instead chosen to go after the bankers themselves. It “launched civil and penal investigations” of the bankers who caused the problem, and the former head of one bank is now hiding from an Interpol arrest warrant as “other bankers implicated in the crash fled the country.”
You can see why the international media has “spiked” this important story. If other nations’ citizens learned about the Icelandic solution to banker-caused debt problems, the Icelandic solution might be demanded by other nations’ voters as well. Perhaps other nations are considering the Icelandic solution behind the scenes. In a story barely covered by the media, Goldman Sachs’ CEO, Lloyd Blankfein “has hired a top defense lawyer” as a result of investigations by the US Department of Justice into the role of Goldman Sachs’ top executives in the recent financial crisis. The second link below reports that “Blankfein has come under scrutiny for allegations of conflict of interest, fraud and misleading Congress over his firm’s role in the 2007-2009 sybprime meltdown.” Hmmm. Could it be Blanfein has noticed what the government of Iceland did to its former bankers, and fears the US government is now considering a similar course of action?
All politicians in the nations affected by the financial crisis might be looking for others to blame in the event there is a major monetary/financial crisis. Going after the bankers instead of bailing them out has apparently made Iceland’s new leaders very popular with that nation’s voters. Politicians in other nations may have noticed that fact, and might see the Icelandic solution as a way to preserve their own political fortunes. If the crisis turns very bad, the politicians will likely be willing (perhaps even eager) to sacrifice the bankers to save themselves from public wrath.
Revelation 17-18 prophesies that the global financial/monetary system will experience a major collapse in the latter days, and that it will be replaced by a final global political/financial system called the “beast,” which will exist for a mere 42 months (Revelation 13:1-5) before the return of Jesus Christ puts an end to it (Revelation 19:11-21). Both Revelation 13:1 and 17:9-13 identify “seven heads and ten horns” (most likely sovereign nations) which will overthrow the political/financial system of “Babylon the Great” (our current global world system). Revelation 17:15-18 foretells this overthrow will not be a gentle one. It prophesies the “seven heads and ten horns” will overthrow the great whore (a term is used in this chapter interchangeably with “Babylon the Great” to describe our current global political/financial system), and states they will “hate the whore, and shall make her desolate and naked and burn her with fire.” That sounds like a classic “blood in the streets” scenario to me. Revelation 17:14 adds the seven heads and ten horns which overthrow the current Babylon the Great system and install a new global “beast” system will eventually make war against Jesus Christ (The Lamb) when he returns 42 months later. Revelation 19:11-21 reveals what the result will be when Jesus Christ, the Divine Son of the Most High Creator God, leads a heavenly army against the human armies of this world’s beast system. This account indicates there may be no human survivors in any human army which dares to fight against the Maker of all mankind. If you are in a military force and you see the Divine army of Jesus Christ appearing in the heavens at a future time to overthrow the eventual global human “beast” government, your only path to survival might be to fall on your knees before the returning Divine army of Jesus Christ instead of fighting it.
For new readers desiring more information about why the modern global financial/monetary system is called “Babylon the Great” in the Bible, I urge you to read my article, What Kind of Captivity?, available on my website’s Articles page. You will see detailed documentation that our modern global financial system was invented by the Sun-worship system of ancient Babylon. Also very germane to this subject is the article, Is Babylon the Great about to Fall, Ushering in a Global Beast System?, which is available at this website’s homepage.