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Many are unaware that wars are seldom caused by ideology or humanitarian causes. Wars always have economic roots which may be combined with ideology, but only when ideology has economic consequences. Yet governments today understand that they cannot "sell" a war to their citizens by telling them all the economic benefits of dying on the battlefield. So they test the polls and find out the best way to sell the war to the people.
In the past month Japan's currency has dropped about 11% in value relative to the dollar. During that time, the dollar's value has also dropped, but not as fast as the yen. This is causing an upheaval in the markets, because Japan is embarking on a quantitative easing program to stimulate its economy, much like Bernanke has been doing here in America. In fact, it is likely that Barnanke's QE1-2-infinity was helping America's trade deficit at Japan's expense, and so they decided to embark upon their own program to bolster their trade with America.
At any rate, there is a good article about Japan's new economic policy being put into place by their new Prime Minister Abe, the same one who became Prime Minister back in 2006 at the time that we poured out the seventh bowl of water/wine in Babylon, NY. This makes me wonder if we are now going to see the fall of Babylon in a greater way, as it is now the seventh year since the end of 2006.
Mr Abe's frustration is understandable. Japan is cursed with a safen-haven currency that strengthens in times of trouble when least wanted, the cross that creditor states must bear. Japan did uphold the G20 deal in March 2009 to refrain from "competitive devaluations", when others did not.
But should Japan now buy foreign bonds on a mass scale to suppress the yen, there will be trouble. Tokyo will be blamed as the aggressor in the outbreak of currency wars. Others will retaliate.
Huge issues are at play here. The world's trade system is fragile. The wasting disease behind the Long Slump is a record high savings rate of 24pc of global GDP, and too little demand to go around. Everybody wants a weaker a currency. They can't all have it.
Take note of the G20 deal regarding currency devaluations. That deal is now unraveling. The end result of most economic disputes is war. I believe that this is one of the issues behind the present prayer campaign against the red dragon. Our prayer campaign, then, is designed to prevent such a war. Babylon is falling, and the red dragon is thrashing about in the attempt to ignite a major war between nations. In my view, he will not succeed in starting a world war, but will succeed in starting a regional conflict in the Middle East.
Continue in prayer, and endure to the end.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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