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

70th WEEK OF DANIEL

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Daniel’s prophecy of the “70 Weeks” may be the most important prophecy in the Bible and the most amazing. Its sweeping panorama allowed the wise in ancient Israel to know the exact timing of the arrival of Jesus upon his first coming and His death.

“Then, after the sixty-two weeks the Messiah will be cut off and have nothing, and the people of the prince who is to come will destroy the city and the sanctuary.” Dan. 9:25. This part of the prophecy has occurred. The rest of the prophecy provides incredible details about Jesus’s second coming.

This sermon by Jonathan Cahn on Daniel’s 70 weeks is excellent. The only significant difference in my view of this prophecy and Jonathan’s, is the identity of the Antichrist. As most of you already know, I believe the Antichrist will be a Muslim , possibly the Mahdi, the Muslim Messiah and they believe his arrival is imminent.  The people of the prince to come that destroyed the city were not Roman.

This phrase about the coming prince is one of the most controversial passages in the entire Bible!  The Greek perfectly renders this thought. Jesus was going to destroy the city and Temple with the one that is coming. In this case that was Titus, the general of the Roman forces. Jesus destroyed the city using his agents, which just happened to be Titus and his soldiers. After examining a sampling of evidence from both ancient historians as well as the most cutting-edge modern scholarship to date, we may very confidently conclude that the ‘Roman’ soldiers in the Eastern provinces that destroyed Jerusalem and the Temple were in fact Eastern peoples – the inhabitants of Asia Minor, Syria, Arabia and Egypt. The people of the prince to come were from Middle Eastern countries that are now Muslim.