September 30, 2007
A FOX-News story on September 28th reported that Iran’s President Ahmadinejad is successfully drawing some Latin American nations into the anti-American, anti-Western alliance prophesied by Ezekiel 38 to come into existence in the latter days.
Ezekiel 38:5 names “Persia” as one of the key nations in the anti-Western alliance led by Russia at the end of our age. Persia is the ancient name for the modern nation of Iran, which has, indeed, become a major part of the anti-Western alliance of Russia and her key strategic ally, China. Iran is undermining the historic leadership role played by the USA in the Americas.
The FOX-News story reported that Venezuela’s President Hugo Chavez warmly greeted the Iranian President on his “3rd visit to Caracas,” and embraced him as “one of the greatest anti-imperialists fighters.” Iran and Venezuela have signed trade agreements approaching $20 billion, and the two nations are co-producing more types of merchandise. A previous blog noted one of the items being co-produced in Venezuela is hundreds of thousands of AK-47 rifles.
Iran’s Ahmadinejad also opened up diplomatic relations with Bolivia and Bolivia’s President Evo Morales was hailed as “one of Iran’s key allies” as Iran promised to invest $1 billion in Bolivia. The story also names Nicaragua and Ecuador as nations with “growing ties” to Iran. Of course, Cuba has long been a staunch ally of the old USSR and Communist China in their rivalry with the USA and the West.
Ezekiel 38 names some of the nations which will be in the “evil alliance” led by Russia and China. Persia is prophesied to be part of that alliance, and Iran is, indeed, now a key partner in it. Ezekiel 38:6 prophesied that “many people” will be in the Russian-led alliance that attacks the Western nations at the very end of our age. It certainly appears that Venezuela, Bolivia, Cuba and other Latin American nations will be among the “many people” in this alliance.
In trying to counter the Iranian successes in Latin America, the US Congress is considering a bill to appropriate $2.5 billion to spend in Latin America to increase the USA’s influence in the region. However, the USA has a problem that it won’t directly address: the US Treasury is empty and the USA is facing national bankruptcy. It has no money of its own to counter Iran’s efforts in Latin America so the USA will have to borrow the money. Where will it find a lender? Will it borrow the $2.5 billion from China, which happens to be Iran’s ally? Will it borrow the money from Saudi Arabia, which is getting increasingly nervous about its already large investment in the USA’s debt instruments (see “information clearinghouse” link below)? The USA is approaching a “day of reckoning” for its profligate economic policies. It may be approaching a time when no one wants to loan Uncle Sam any more money.
This blog has periodically cited the inexorable financial law of Proverbs 22:7 that “the borrower is servant to the lender.” The USA, once the leading nation of the world, has reduced itself to “beggar” status as it seeks to finance its mindlessly-large deficits. Another biblical principle on finances is cited in Deuteronomy 28:12. In this verse, God was saying that when the nations of the tribes of Israel were righteous and blessed, they would “lend to many nations but will borrow from none.” That was the enviable state of the USA for much of its existence and for most of the post World War II period. That blessed status of the USA is now over. The USA is now the borrower and other nations are the lenders, so other nations will inevitably begin to gain power over the USA. Given the fact that the US dollar is now sinking fast on world markets, expect other nations to unload their dollars while they can buy something of value for them. Expect foreign nations to start buying up assets, companies, infrastructure and anything else within the USA where their surplus US dollars still have significant purchasing power. Americans will be increasingly working for foreign nations and foreign bosses as more and more of America’s assets and patrimony gets sold to overseas buyers to pay off America’s gargantuan debts.