ELON MUSK IS ABOUT TO RADICALLY CHANGE THE WORLD’S FINANCIAL SYSTEM

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Elon Musk explained why he bought Twitter in a tweeted note in which he spoke about promoting a “digital town square” where various beliefs can be expressed within limitations. “The reason I acquired Twitter is that it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated healthily without resorting to violence,” he wrote in a tweet.

However, Musk repeatedly said that he shelled out the $44 billion necessary to acquire Twitter for two reasons. The second is in reality the primary reason. Musk wants to make his dream of an everything app, a reality. The name X.com was Elon’s first company. It became PayPal when X.com merged with Confinity in 2000. PayPal was eventually bought out by eBay. PayPal is a niche payment system. It never aspired to be what Musk wanted for X.com to take over the world’s financial system. Musk’s idea for X.com, was to create an “everything-store for all financial needs: banking, digital purchases, checking, credit cards, investments, and loans.

According to his biographer Walter Isaacson, Musk had been planning to rebrand Twitter to X in a bid to fulfill his dream from the ’90s since before he took over the company.

A major plank of Elon Musk’s plan for expanding X into an “everything app” has been grafting a payments network onto its main social networking service. The details of this project have remained blurry, but dozens of documents the company has submitted to state regulators—which have not previously been made public—give a new view of the business. Those plans include a Venmo-like payments feature that will let users store money on their X accounts, pay other users or businesses, and even buy goods and services in physical stores.

Expect an announcement from Musk on X.com’s expansion into financial services before the end of 2024. Considering his success with PayPal, Tesla, Space X/Star Link, and now X.com, Neuralink, and The Boring Company, it is reasonable to conclude that X.com (previously Twitter) will shake up the world’s financial system.

This is all part of the Biblical prophesied end times scenario playing out in our day. Musk is the richest man in the world and he is becoming the person the world is looking to for answers. Undoubtedly, he has a brilliant mind and says the right things such as he wants what is best for humankind in all that he does. But as he comes from South Africa he is not a candidate for the Antichrist.

FINANCIAL RESET INEVITABLE

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How many of you read my post “Covid 19 Coupled with a Major Debt Crisis – What’s Next?” dated June 15th 2020? I thought this to be one of my most important posts for 2020. If you have not read it, can I suggest that you do.

In that post some of the best qualified economic/political pundits gave their views on the likely outcome of Covid 19 coupled with the existing debt crisis of most countries. Debt levels are so great that even with interest rates barely above zero, countries cannot pay down the debt. It also means their currencies are next to worthless.

A FINANCIAL RESET IS INEVITABLE WAS THEIR CONCLUSION

In Australia debt is rising fast. No government can stop the inevitable financial crash.

As you would expect, the combination of failing revenue and runaway spending has resulted in a boost to government debt with total government liabilities at $1.3 trillion by the end of May – $300 billion higher than expected.

Net debt has hit a record $463.7 billion compared to $373.6 billion in the previous financial year, virtually destroying the Morrison Government’s stated aim of clearing all government debt by the end of the decade.

The Finance Department numbers are sobering but few are arguing that the Federal Government has been spending too much – indeed much of the economic commentary is urging them to ramp up spending now that interest rates have effectively reached their lower limit and the economy still needs stimulus.

The key to how the Federal Government will react to such calls will be announced by Treasurer Frydenberg in an economic update in late July, with the 2020-21 budget now due to be released in early October.

This is all part of God’s end times scenario. If your trust is in governments, yourself, or anything other than God then it is misplaced. Only He can give you true peace, the peace that comes from realising that He is in control, He has revealed the truth about the world and us in His Word (BIBLE) and we know the end of the story. Jesus will return first to rapture His church and then to rule and reign 1000 years from Jerusalem.

“For the Lord himself will descend from heaven with a cry of command, with the voice of an archangel, and with the sound of the trumpet of God. And the dead in Christ will rise first. Then we who are alive, who are left, will be caught up together with them in the clouds to meet the Lord in the air, and so we will always be with the Lord.” 1 Thessalonians 4:16-17
“when the Lord Jesus is revealed from heaven with his mighty angels in flaming fire, inflicting vengeance on those who do not know God and on those who do not obey the gospel of our Lord Jesus… when he comes on that day to be glorified in his saints, and to be marvelled at among all who have believed, because our testimony to you was believed.” 2 Thessalonians 1:7-10