The important link below was sent by a reader and is worth passing on to all readers of this blog. The “insider” Wall Street Journal published an article highly-critical of the US Federal Reserve Board’s policies. It charges the Fed with causing some of the overseas rebellions because the Fed’s inflationary policies are causing civil unrest in nations where consumer goods such as food and oil are priced in US dollars. Indeed, the article calls for “closer scrutiny” of the Fed. This is highly unusual for the Journal, a Wall Street publication, to openly criticize the Fed. I urge you to read the attached link to see how strongly the Journal criticized not just the Fed, but Fed Chairman Bernanke as well.

The article cites China, India, the IMF, the G-20 nations, etc. as all becoming more disgusted at the Fed’s actions, and it cites the growing calls for a new global reserve currency to replace the increasingly unstable US dollar. That many nations and even Wall Street insiders are now turning against the Fed is an indication that the fulfillment of Revelation 17-18’s prophecy about the fall of “Babylon the Great” (the latter-day economic/monetary system which has long been denominated in US dollars issued by the Fed) is drawing closer.

I want to point out in this post that while the prophecy in Revelation 17-18 does not identify the nations which will be the “seven heads and ten horns” who attack and pull down the dollar-backed Babylon the Great system, some names are showing up ever-more conspicuously as critics of the Fed. Germany, China, India, Brazil, Russia, the Arab oil-states, and other European nations have all had their leaders openly criticize the Fed. It also needs to be pointed out that the “seven heads and ten horns” are a different group than the “Gog Magog” alliance prophesied in Ezekiel 38-39. The Gog-Magog nations (Russia, China, Iran and their allies) will attack the USA, NATO and their allies at the very end of this age. The “seven heads and ten horns” tear down the existing global financial/monetary order before the beast system even comes into being, and the beast system has 42 months to rule the earth (Revelation 13:5) before the final global World War III erupts (as I understand prophecy). Indeed, I expect that the “seven heads and ten horns” will include an alliance of both eastern-bloc and western-bloc nations who are sick and tired of the Fed’s monetary schemes and the self-serving financial machinations of Wall Street. That certainly seems to be the case, given how events are taking shape.

There is one “wild card” possibility. It is possible that the USA may itself be one of the nations that “overthrows” the Fed. A majority of the US House of Representatives sponsored a bill last session that would have audited the Fed, but the more “establishment” Senate refused to join that action. More Americans are seeing through the financial shell games that the Fed engages in by creating an endless supply of dollars to mostly save “Wall Street” while sacrificing taxpayers and “Main Street.” The literary salvo by the Wall Street Journal signals that establishment insiders are now also turning against the Fed. It is actually the USA which has the greatest ability to pull down the Fed and its dominance over global finances. All that would be needed is for the Congress to revoke the Fed’s charter to act as a Federal Reserve Bank (which allows it to create money out of nothing). Without that charter, the Fed (a private bank) would likely collapse quickly. While this seems unlikely now, if inflation rises quickly in the USA, indebted and jobless American voters will be furious and all politicians will be looking for someone other than themselves to blame. The likely target? The Federal Reserve Board. Just one more possibility to keep in mind as the rest of the world gets angrier at Bernanke and the Fed.