My thanks to a reader of this blog for tipping me off to this story. Nine Latin American nations have agreed to form a new currency unit called the “Sucre” to serve as a regional trading currency to replace the U.S. dollar. I saw nothing about this in the U.S. media.

The nine Latin American nations forming this new regional trading bloc were hosted by Bolivia and included such nations as Cuba, Venezuela, and Nicaragua. A look at the list of nations in this list indicates that it is mostly the leftist Latin American nations that are already anti-American which are forming this new currency unit and regional trading bloc. Major Latin America nations such as Brazil, Argentina, Chile and Colombia are not part of this new trading bloc or its new currency unit…at least not yet. The initial impact of this trading bloc will likely be minor unless Venezuela demands that its oil exports to the USA be denominated in Sucres. If Venezuela took such an action, it would have an immediate and serious impact on the global oil and currency markets. Because Venezuela’s Hugo Chavez is a now an ally of Iran, such an action is not out of the question at all. If more Latin American nations join this trading bloc in the future, the impact of this new currency and trading bloc will grow more detrimental to the USA and the U.S. dollar.

This story is just one more indication that the global dominance of the latter-day commercial empire called “Babylon the Great” is heading for its eventual fall. Revelation 18:3 prophesies that “Babylon the Great” is the end-time alliance of the global multinational corporations (“the merchants of the earth“) and the political leaders of the world’s nations (“the kings of the earth“). This perfectly describes the current globalist system where the big multinational corporations are “in bed” with the political leaders and governmental regulators of the nations for their mutual benefit (just as Revelation 18:3 also foretold). It is no coincidence that the Bible’s prophecies are being fulfilled so precisely in today’s world. This is evidence that the great Creator God Himself is guiding world events to fulfill the very biblical prophecies which he inspired millennia ago. Babylon the Great includes not only the multinational corporations and the world’s political leaders but also the entire modern commercial/financial/monetary system of modern capitalism. It includes the Central Banks, the World Bank, the World Trade Organization, the International Monetary Fund, the Bank of International Settlements, etc. The U.S. dollar is obviously the current global reserve currency unit of Babylon the Great.

The Bible says a group of nations called the “seven heads and ten horns” will overthrow the dominance of Babylon the Great’s global system at the end of our age and Babylon the Great’s system will be overthrown and replaced by a final “beast” system. The beast system will also be a globalist system (Revelation 13:1-7, 17:9-12), and it will likely have its own new currency unit. We do not know yet what the spark will be that lights a fire which destroys the current global commercial/monetary system. It may be a war, a terrorist attack upon a key global banking or commercial nexus or something else. At some point it will come, and it almost happened in September, 2008 when media reports stated the global money system came within hours of meltdown. Each time something happens to undermine the role of the U.S. dollar as the global currency unit, the fall of Babylon the Great draws nearer. Such an event happened when nine more nations took this action to undermine the U.S. dollar’s dominance. We are not yet at the collapse of Babylon the Great’s system, but we are drawing closer. if you have not read my article, Is Babylon the Great about to Fall…Ushering in a Global Beast System?, it offers much detail about this prophesied subject and it available at the “articles” link at this website.