The False Prophet: Last and Final Economic Guru
The Bible tells us that a time will come when
commerce—the act of buying and selling—can be controlled worldwide. This
facility will actually be invoked at one point during the Great Tribulation
period, “He also forced everyone, small and great, rich and
poor, free and slave, to receive a mark on his right hand or on his forehead, so
that no one could buy or sell unless he had the mark, which is the name of the
beast or the number of his name” (Revelation 13:16-17).
This is an oft-referenced
verse, infamously misquoted and misinterpreted by Christians and unbelievers
alike. It is the source of countless vain speculations about the identity of the
“mark” and the “number.” However, the most critical error concerns the identity
of who it is that actually brings in these controls. It is not the first beast
with 7 heads, which is of the lineage that gives rise to the physical
Antichrist. Rather it is the second beast (which emerges from earth and has two
horns like a lamb) that brings in these commercial controls. This latter beast
is commonly linked with the False Prophet, who is mentioned in Revelation 16:13.
I have always thought it a
telling alert that it will be a religious figure that ends up being the world’s
last “economic guru.” A strange coincidence? No. Seen together, macroeconomics
and globalization today are the world’s largest religion. The beliefs imbedded
in these bosom ideologies are the prevailing hope of humanity today. As such, it
is only fitting that a deceiving religious figure would preach such a final
Prosperity Gospel to the entire world. Indeed, the value proposition of the
False Prophet at that time may sound like this: “Take the number that is
religiously endorsed from this preacher’s pulpit and you will have prosperity.”
At that time there will be such a crisis, that people will likely respond
as they did to Joseph in the third year of the famine: “[…]
and our land in exchange for food, and we with our land will be in bondage to
Pharaoh” (Genesis 47:19).
However, the intent of this
article is to show just how ripe the world already has become, having prepared
the very control systems that will be given over to the False Prophet and the
evil purposes of the Antichrist.
Why Global Systems Are Needed
Money—assuredly one significant factor that makes humans different from
animals—is the designated medium of Mammon. Its strategic significance in the
cosmology of mankind is more than it just being the chief temptation that
qualifies “the love of money” as being “the root of all kinds of evil” (1
Timothy 6:10). Crucially, “money systems” also play a strategic eschatological
role as can no other form of earthly or spiritual rule. Why is this the case?
There could be a number of reasons. But, very likely the main one is that Satan
and his hierarchy of fallen angels do not have the power of omnipresence as does
God. Therefore, an inventive tactic
is needed. Here, a global commercial
system offers the next most potent perch to omnipresence. There is no other
medium more conducive to world control.
Moreover, as Satan’s power has been limited during the Church Age, an indirect
means of control is required. Revelation 17:8 tells us, “The
beast, which you saw, once was, now is not, and will come up out of the Abyss
and go to his destruction.” We seen here that
“The Beast”—namely, Satan himself—has been detained in the Abyss until that
point when he will again be released. Apostle John here confirms what Jesus
said, that “[…] the prince of this world now stands condemned”
(John 16:11). “[…]
Having disarmed the
powers and authorities, he made a public spectacle of them, triumphing over them
by the cross” (Colossians 2:15).
Though Satan’s powers may have been curtailed during the Church Age, the spirit
of the Antichrist has been busy. “For the secret power of
lawlessness is already at work; but the one who now holds it back will continue
to do so till he is taken out of the way” (2 Thessalonians 2:7). Many
antichrists have been at work, inevitably coaxing the world to its globalized,
humanist state. Its endpoint is already nearly here.
The supporting technologies ... the organizational structure is nearly complete
… and the concentration of financial command nodes far advanced. Only one thing
remains: The imperative to pull it all together … the imperative of policy.
We will return to this point in our conclusions.
Concentration of Financial Control
Below are outlined a few trends which will provide the reader with some
anecdotal evidence of how rapidly financial systems are converging and
centralizing. We could cite countless more examples; however, here we only point
to four of its telltale signs.
1. Concentrated Owners. For the U.S., consider that latest available
year-end 2006 data shows total institutional investors—defined as pension funds,
investment companies, insurance companies, banks and foundations—controlled
assets totalling $27.1 trillion, up from $24.4 trillion in 2005. This level
represents a ten-fold increase from $2.7 trillion in 1980. The equity market
value of total institutional equity holdings increased from $571.2 billion in
1980 (or 37.2% of total U.S.
to $12.9 trillion (or 66.3% of total U.S. equity
markets) in 2006. This represents a historic all-time high in the
amount of total U.S.
equities controlled by these institutional investors (Source: Conference Board).
2. More Evidence of Concentrated Holdings.
A pair of physicists at the Swiss Federal Institute of Technology in Zurich recently published preliminary findings
of their network analysis of the world financial economy as it looked in early
2007. Stefano Battiston and James Glattfelder extracted the information for
24,877 stocks and 106,141 shareholding entities in 48 countries. It revealed
what they called the “backbone” of each country’s financial market. These
backbones represented the owners of 80% of a country’s market capital, yet
consisted of a remarkably small number of shareholders. The most pared-down
backbones exist in Anglo-Saxon countries, including the U.S., Australia, and the
U.K. Paradoxically, these same countries are considered by economists to have
the most widely held stocks in the world, with ownership of companies tending to
be spread out among many investors. But while each American company may link to
many owners, Glattfelder and Battiston’s analysis found that the owners varied
little from stock to stock, meaning that comparatively few hands are holding the
reins of the entire market.
3. Financial Institutions Become More Concentrated.
Perversely, financial institutions continue to become larger, despite the clear
“moral hazards” of “too big to fail.” Quoting an article on this topic:
“Survivors … emerge[d] from the turmoil with strengthened market positions,
giving them even greater control over consumer lending and more potential to
profit. J.P. Morgan Chase, an amalgam of some of Wall Street’s most storied
institutions, now holds more than $1 of every $10 on deposit in this country. So
does Bank of America, scarred by its acquisition of Merrill Lynch and partly
government-owned as a result of the crisis, as does Wells Fargo, the biggest
West Coast bank. Those three banks, plus government-rescued and -owned
Citigroup, now issue one of every two mortgages and about two of every three
credit cards, federal data show.”
4. Global Wealth Skew. In December 2006, a groundbreaking
report entitled The World Distribution of Household Wealth (World
Institute for Development Economics Research, UN University—UNU-Wider) was
released. The results were much more pronounced than had been previously
indicated by other studies that surveyed income. Wealth and income, though
surely related, are quite different. Income is generally defined as the annual
flow of earnings and incomes, while wealth is the accumulation of income and
hoarded assets. According to its authors’ research, the top 10% of adults in the
world own 85% percent of global household wealth (2005). The average member of
this wealthy group therefore has 8.5 times the holdings of the global average.
Furthermore, the top 2% and 1% of the world’s population is estimated to own 51%
and 40% of world household wealth, respectively. This is a more extreme
distribution than had been estimated by surveying global incomes in previous
one peers, the forces of centralization can be identified, whether in North
America or globally. Today, perhaps less than 10,000 people control the world’s
money flows. Some have estimated a far smaller number … as low as 600. The signs
of centralization are everywhere. Quoting a Club of Rome member, David Korten:
While the giants are shedding people, they are not shedding control over
money, markets, or technology. The world's 200 largest industrial corporations,
which employ only one third of one percent of the world's population, control 25
percent of the world's economic output. The top 300 transnationals, excluding
financial institutions, own some 25 percent of the world's productive assets. Of
the world's 100 largest economies, 51 are now corporations—not including banking
and financial institutions. The combined assets of the world's 50 largest
commercial banks and diversified financial companies amount to nearly 60 percent
of The Economist's estimate of a $20 trillion global stock of productive
Global Systems Affect Cares of Entire
As the global market gyrations of the recent Global Financial Crisis (GFC)
attest, never before in history has global opinion been galvanized by financial
events so quickly. This is remarkable. Never before has the entire financial
world behaved so much as one monolithic culture, as is now evident in global
capital markets. This is a direct, though not exclusive, result of the late
stage globalized commercial systems.
Robert Shiller, in a commentary in the New York Times, provides an
It is a large and diverse world,
after all, so why should confidence have rebounded so quickly in so many places?
The popularity of the term ‘green shoots’ shows the kind of social epidemic
underlying our changing thinking. The phrase was propelled in Britain by
Shriti Vadera, the business minister, in January, and mutated into a more
contagious form after Ben Bernanke, the Federal Reserve chairman, used it on
60 Minutes on March 15. The news media didn’t need to change the term for
different cultures around the world. With nothing more than a quick
translation—brotes verdes, pousses vertes, grüne Sprösslinge, etc.—it is now
recognized as a symbol of a revival coming soon. All of this suggests that a
social epidemic is supporting renewed confidence. This confidence can keep
growing by contagion, as a kind of self-fulfilling prophecy, and we may see the
markets and the economy recover further. But in an economy that is still
unstable, the stories could also morph into different forms, the price feedback
could turn downward and the dynamic could turn ugly again—just as it has in the
Putting it all together, we crucially now recognize that the economic, financial
and psychological conditions of global markets have come to the point where a
viral media-generated chain can impact the sentiment of the entire world
rapidly. Both globally interconnected commercial and communications systems,
such as already observed today, demonstrate the powers of control that the False
Prophet will one day exercise.
Just as the Bible says, the spirit of the Antichrist
has been active these past 2,000 years, despite the fact that Satan did indeed
lose some of his powers and freedoms. After Pentecost, the Holy Spirit was given
to indwell the members of the Church, Christ’s very body on earth. Once this
body has been removed from earth, and along with it also the indwelling
restrainer (the “Paraclete”); the “beast” representing mankind’s complicit
kingdoms, which has been obedient to the “spirit of the Antichrist,” will be
superseded by “The Beast”—this being Satan himself in the form of a man, the 8th
king (Revelation 17:8).
The saints will not witness his arrival. As the Bible
says, Only “the inhabitants of the earth
whose names have not been written in the book of life from the creation of the
world will be astonished when they see the beast, because he once was, now is
not, and yet will come” (Revelation 17:8b). This is consistent with the
expectation that the Church will first be removed. The Beast will not come out
of the Abyss until this “restrainer” is first withdrawn.
In the meantime, Satan and his hierarchy of fallen angels
have been busy transforming the minds of mankind to accept humanism and
globalism, and now await the opportune use for the global web of financial and
economic systems that achieves the next best alternative to “omnipresence” and
Points to Ponder
The day is
very near when it will be possible for a global authority to completely control
global commerce. Already, it is technically impossible to live without money or
a bank account. People that have attempted this must still rely on the charity
and handouts of those that do have monetary income and bank accounts.
technology and the global systems stand prepared for this eventuality, the
global “political” power structure is not yet in place. Such large organizations
as the Bank of International Settlements, the World Bank … etc. have not yet had
their levers of power given to a central authority. That development first
awaits the emergence of the final 10 kings. These final events will happen very
suddenly … once their time has arrived.
today, as everyone, are already entrapped in a global financial system. While we
enjoy its conveniences, we also suffer under the many materialistic temptations
that the spirit behind these worldly systems incessantly proposes. Someday,
these systems will be turned against the Tribulation Saints.
pre-Rapture saints are implored to enter a different kind of transaction. “I counsel you to buy from me gold refined in the fire, so
you can become rich; and white clothes to wear, so you can cover your shameful
nakedness; and salve to put on your eyes, so you can see” (Revelation 3:18).
Those are the words of Christ to the 7th and last church that exists
even now just prior to His return. It is not an impulse purchase, an approach so
widely promoted in our culture today. The gratification is not instant, but
eternal. The Apostles knew the cost of “gold refined by fire.”
Rather, as servants of God we commend
ourselves in every way: in great endurance; in troubles, hardships and
distresses; in beatings, imprisonments and riots; in hard work, sleepless nights
and hunger; in purity, understanding, patience and kindness; in the Holy Spirit
and in sincere love; in truthful speech and in the power of God; with weapons of
righteousness in the right hand and in the left; through glory and dishonor, bad
report and good report; genuine, yet regarded as impostors; known, yet regarded
as unknown; dying, and yet we live on; beaten, and yet not killed; sorrowful,
yet always rejoicing; poor, yet making many rich; having nothing, and yet
possessing everything (2 Corinthians 6:4-10).
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About the Author: Wilfred J. Hahn
is a global economist/strategist. Formerly a top-ranked global analyst, research
director for a major Wall Street investment bank, and head of
Canada country’s largest global investment
operation, his writings focus on the endtime roles of money, economics and
globalization. He has been quoted around the world and his writings reproduced
in numerous other publications and languages. His 2002 book The Endtime Money
Snare: How to live free accurately anticipated and prepared its readers for
the Global Financial Crisis. His newest book, Global Financial Apocalypse
Preserving true riches in an age of deception and trouble,
looks further into the future.
Quoted from GlobalResearch.ca. Source: “Backbone of complex networks of
corporations: The flow of control,” J.B. Glattfelder and S. Battiston,
Chair of Systems Design, ETH Zurich, Kreuzplatz 5, 8032 Zurich,
Washington Post, August 28, 2009.
David C. Korten, “When Corporations Rule the World,” http://www.pcdf.org/corprule/failure.htm
Accessed October 31, 2009.
Source: Robert Shiller, “An Echo Chamber of Boom and
Bust,” New York Times, Economic View, August 30, 2009.