International Monetary Fund (IMF) officials recently let it be known the direction of their thinking for solving the growing economic crises facing the nations of earth. Their cogitations – it is no surprise to those of us who view ongoing developments from the perspective of Bible prophecy – include two basic elements: 1) They want a single monetary unit; and 2) they want to make it electronic currency. Special Drawing Rights – SDR – represents a synthetic electronic basket of currencies. This system has been around for many years, but now, enhanced by tremendous advances in technology, is viewed by the powers that be as representing a genuine device to take down the American dollar and establish a monetary device that can power the much-desired New World Order.
The proposed currency unit of the IMF’s blueprint – the electronic monetary unit we in this column have consistently written about as likely part of an end-times economic regime – is termed Special Drawing Rights. Lack of confidence in the U.S. dollar as the world’s reserve currency is purportedly at the center of the IMF’s increased insistence that the world be moved to a new single world currency unit. The organization, in issuing a report, “Enhancing International Monetary Stability — A Role for the SDR,” sees the SDR as an embryo out of which a truly one-world economic system can grow.
The powers that be, according to the report, see SDR as a transitional monetary device – a seed for bringing into being something far more effective. The report states:
“In the even longer run, if there were political willingness to do so, these securities [currencies wrapped in the SDR] could constitute an embryo of global currency.”
The SDR, as stated previously, has been around for many years. But, it has, with the advances in technology, reached the point the globalists believe it can be used to oust the dollar and institute a fiscal entity capable of giving them more control, thus increased power over world economy. According to wikipedia.com:
The SDR is a hybrid. SDRs are part U.S. dollar, part euro, part yen and part British pound. In particular, the following is how each SDR currently breaks down….
* U.S. Dollar: 41.9%
* Euro: 37.4%
* Yen: 9.4%
* British Pound: 11.3%
Russia’s once-and-future president, Vladimir Putin, for one, is unhappy with the arrangement of SDR structure as it currently exists. China, with its burgeoning economic power, certainly objects to that structure. The SDR will doubtless undergo dynamic changes in coming months, if indeed it will be at the center of a new global order as IMF titans envision.
I’ve written in this column numerous times that I believe the mark-and-numbering system of the Tribulation era–Antichrist’s economic system of control — will involve electronic funds transfer (EFT). Again, the prophecy of that final humanistic system that will be controlled by Satan’s man of sin foretells the following:
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. (Rev. 13:16-18)
The Internet, no doubt enhanced through advancing technological means, will provide the person-to-person linkage throughout the world that will make possible the enslavement indicated by the prophecy. Buying and selling, using the hybrid Internet and some form of SDR, will enable Antichrist to exert the control about which God’s Word forewarns.
One can imagine how such an electronic linkage might be touted by a deceptive, cunning beast regime, promising a true democracy for the first time in human history. Each person would – the regime’s propagandists might proclaim – be able to have individual votes cast and instantly tallied with all other votes. One man, one vote, as the Roman Empire promised – but never fully delivered – to its citizenry. Such a promise would, of course, be a sham even worse than the many promises by politicians and political parties today in America. Antichrist will manipulate and use the satanically inspired system to produce the results he will demand.
Like so many developments for fulfillment of Bible prophecy coming at this generation from every conceivable direction, the IMF’s determination to implement a global monetary system of its own making is a signal of the lateness of the hour.
By Terry James
Visit Terry James’ Website at http://www.raptureready.com