Fred Coulter—October 16, 2010

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Everyone is wondering what is happening economically around the world.

  • What is happening to the dollar?
  • Why do we have so much debt?
  • How did we get that far in debt?

And a lot of people even in their own lives are afflicted with debt and they're asking the same question, 'How did it happen?' Today, the United States is right now in the position that an individual would be in if they had ten credit cards and all the credit cards are nearly maxed out, but there's just enough on one credit card, one month, to draw down and to pay interest on another credit card. And likewise, this juggling act a person can handle for a while as long as there's enough income coming in. But if they lose their job, which a lot of people are doing, then they can't juggle it any longer and the creditors start calling, banging on the door, and so forth. And that's what's happening with the housing market. They don't know what they're going to do.

Likewise with the United States government. We have borrowed so much money that we don't know how we're going to pay it back. We're reaching a point that it's very unlikely we can even meet the interest payments. Now they calculated that if you take all the debt in the world—government, business, individuals—calculate the whole thing together, it's $300-trillion! There's not enough money in the world to pay for it.

So how are these things going to fall out? They're going to affect us. Well, 'Uncle' Ben Bernanke says he has a solution: Print more money and buy back our treasury bonds, because people are not wanting to buy them. But he also threatened them and said in his round about language, 'If you don't buy them, you're going to be in trouble.' Because the truth is that the dollar goes down, all economies go down and there won't be any way to rescue it except through a world bank.

I think that they're learning with the different elections, like they had in the United Kingdom, the riots they're having in Greece, the problems they're having in America, that you can't come to a world government by trying to change every single nation's government to be favorable in accepting a world government. Now what are there, 180 some nations, 190 nations altogether, somewhere around there? What has the U.N. been able to do in over sixty years? Virtually nothing!

So the key is, and we'll see a little later with the Scriptures: If they can control all the world central banks, because all financing in every nation comes through their central bank. Now there are 20 leading nations. There are 57 central banks all together. These are the ones that set the monetary policy in each country. As I pointed out, remember in October 2008, as soon as there was the collapse of the monetary system almost completely taken down—and as I asked last time: Who took it down? They know who took it down. Who was it that took it down? Was it the Federal Reserve that did it? How did that happen? To where they said we came within two hours of completely collapsing the American financial system, because of drawing out from all of the money market accounts and the IRAs.

So they barely averted it. But what was the first thing that President Bush said? He said, 'We're going to form the G-20.' And they already had the agenda all ready to go. Does this tell us that they knew this was going to happen and they waited for it to happen so they could bring in change? And remember the politician's slogan, 'Never waste a good crises.' So this was a good crises. Now it has been proven that all the stimulus didn't work, because it didn't go to stimulating; it went to perpetuating government jobs. Then, as I pointed out in World Government Thru the Coming World Bank #2, the collective sins of America, now also the world, they're all involved in this. So the judgment is going to come.

Now come here to Numbers 32:23; here's a Scripture to memorize. "But if you will not do so... [do as God says] ...behold, you have sinned against the LORD. And be sure your sin will find you out." Always happens—doesn't it? That's quite a verse—isn't it?

Now, I don't think we understand the full magnitude of the mortgage collapse, but let me give you just a little understanding concerning it, especially right now with the moratorium on foreclosures. Let me tell you what they have to have legally in order to foreclose. They have to have the original copy of the note that the people signed when they got the mortgage, was in escrow, and they have to have the original copy of the lender's part in putting the funds into escrow. It cannot be copies.

If they take the loan and sell it to someone—and we'll talk about selling it to someone here in just a minute—then the borrower is to be notified of it. But what should happen, there should be an addendum to the note with the new mortgage-holder's signature on it and the one who is paying the mortgage, or responsible to pay the loan signed on the original documents, they are to sign on it as well. So that, in case of default, then the new party can close and foreclose on the loan. Well, when they got to getting all of the loans through Fannie Mae and Freddie Mac and it was mandated by the government to do so, to give loans to people they knew that would not be able to pay. And even Barney Frank admitted when it first started, there were a large number of loans made and he said, 'Well, there may be 15,000 of these that will be foreclosed on, but that's just part of the process.' So they knew and understood.

What happened? Larry Summers, the one who was originally the treasurer under Clinton and then also at the beginning under Obama, developed a plan at Goldman Sachs—you heard of that name before? The plan was this: The way we can have more money for financing these mortgages and hence add to the boom of the housing market, is that we'll set up a system where we can package these loans, buy them from Fannie Mae, because let me tell you what happens here.

You make a mortgage, the lender puts in the money, say a $100,000. He's used that $100,000 of his deposit reserves holding as a bank and they do what is called 'fractional lending.' That is, they can loan out, say, $1-million; they can loan out $900,000 of that. But they can't take a 30-year loan and hold it for 30-years in this bank. So what they have, they have the system where they would sell it to Fannie Mae and Freddie Mac. They would buy the loan, reimburse the bank for what they put out for the mortgage. And then Fannie Mae would take all of these loans from all the lenders and package them up and sell them to a firm, registered in this firm, called MERS. Now MERS took each one of these loans, and MERS stands for Mortgage Electronic Registry System.

Each one of these loans is given a number. Then the investors like Goldman Sachs and Lehman Brothers would buy them to sell to investors. The way that they did, because they knew the quality of a good number of the loans was not good. So just picture a stack of a hundred loans, mortgage papers. The first sixty are triple-A. The next twenty are triple-B. The next twenty are C. The final twenty are D and F. So they were all packaged in this package, then they were certified, which then is called 'securitized'—which means they certified that all of these loans were triple-A when they weren't. They sold them to investors around the world!

Now to complicate it even more, you heard of 'slicing and dicing' the loans? And you probably wondered, well, how do you slice and dice loans. Well, you have so many investors that want to get on it, and a lot of little investors that want to get in on the action, so you could parcel out by number of that loan to an individual investor for the monthly payment of one month. So then you get twelve small investors to pick up a month here, a month here, a month here, a month here.

Now these went out around the world in the trillions of dollars! So now it's all coming back to haunt them two ways: There are foreclosures. But with this electronic numbering system, there are no signatures. It's just like buying and selling stock. Remember how I explained how that is? When you buy a stock you never get a certificate. You get an electronic 'beneficial title.' Which means you have the benefit of buying and selling and collecting the dividends from this stock that you bought, but you don't get the stock, because the agreement that you have is you 'cede'—which is the literal word, which means you give up your ownership of this stock to the Depository Trust company run by the Federal Reserve. So all stocks there are 'ceded' to the Federal Reserve. And 'cede' legally means you give up your ownership to them for the beneficial right to buy and sell and use the stock. That way they don't have to take and shuffle the stock around every time there is a stock purchase.

So it's just like your car. When you buy a car and you have payments on it, you get a registry and you get a pink slip, which says you are the beneficial owner of this, but Bank America is the legal owner, because they hold the title. So they did the same thing with these loans, trillions of dollars worth of loans.

Now, when they started going bad and they weren't able to make their payments and they needed to foreclose, they had no original signatures. And every loan that was sold would come back that the holder of the paper was MERS. Now MERS is just a holding company; it's just a catalog company, the catalog where all the loans are and who has what piece of what everywhere in the world. They are not the legal owners! They never notified the borrowers that there was a new legal owner of the note that they signed in escrow. And what should have happened, every time they sold a part of that, they should have had the new legal owner of the note sign an addendum that he is now legal owner of the note and notify the borrower and send it to the borrower and have the borrower sign that. Then the borrower could have a copy of that notice and then, in case of default, then the new mortgage holder could come in and foreclose.

Well, this was taken to court because they didn't have legal signatures. In real estate law you must have the original note and the original deed of trust. You cannot have a copy. You cannot have a certified copy. You must have the live signature. That's also known as 'wet ink.'
Now when I was a loan broker, I always had everyone sign everything with a blue pen, because at that time they didn't have the sophisticated color copiers like we have now, so that that would be evident that that was an original signature, rather than a black pen, which sometimes you look at it and you can't tell if it's original or a copy.

So, some people took this to court in Kansas. The Seventh District Court ruled in Kansas that they had to follow real estate law and have the original note, the original deed of trust, otherwise they cannot foreclose. So that's what happened. It finally got to the point that the people began to understand that and there were lawsuits, and now all fifty states have a moratorium on foreclosures, because they don't know who owns the note!

So MERS is going to have to provide all the legal identity of the holders of those notes to the borrower, and until the borrower signs it they have no legal recourse to repossess the property. So that's why now there are some people sitting in their houses and they haven't paid for sixteen, eighteen months and the sheriff can't do a thing, because he has no legal basis to do it.

  • It's all based on mirage.
  • It's all based on lies.
  • It's all based on a system of buy and sell, buy and sell.

Taking the mortgages and making them like stocks, which they never were, and then have day traders buy and sell, buy and sell, buy and sell. So that's what's happened to the mortgage market. That has brought down the whole banking system and there is not enough money in the world to fill the gap to cover that. So how this falls out, we'll have to wait and see, but it's going to affect the whole financial structure of the United States and the world. That's what's going to happen.

If you got a notice in the mail that you are now going to send your mortgage payment to another company, what does that constitute? That does not constitute a new addendum to the note. That's just a change in the place where you mail it. That's where they failed and it was brought out, one attorney brought this up and showed that you cannot foreclose. What did we have just last month? 150,000 foreclosures last month! All of them now are null and void, but if you already walked away from your home, you can't come back and get it.

What bank said they quit using MERS? One of the big banks, I don't know, but they're all going to have quit using MERS, so this is going to create a problem. MERS has to solve the problem. Where are the notes? Who owns what? How much it is. Do you own one mortgage payment, do you own a pile of mortgages? My personal hope is that poor George Soros gets stuck with a lot of these. China is going to be stuck. I jokingly said some of these people in foreclosure, you might hear a knock on the door and here's someone from China saying, 'This is my house, get out.'

Let's look at a couple things here that is true to show you your sins will find you out. Let's come to the book of Proverbs now. I don't know if you've followed the mortgage crisis or not, but there were an awful lot of people who bought homes and the value of their homes were going up like a hundred thousand a year. Some of them for three years in a row refinanced and borrowed up to the hilt. They had a lot of their credit cards, they paid them off, put it on the house, and the value of the house went up. So loan broker came back and said, 'You want to refinance your house, you can get another hundred thousand out of your house.' Well, everyone's going to do that. Here was the problem in their thinking: The housing market has never gone down in seventy years. So why should we think that the housing market's not going to continue to go up?

Well, be sure 'your sins will find you out.' Proverbs 22:7: "The rich rules over the poor, and the borrower is slave to the lender." Now this is why God had in His Word that every seven years you had to release, and you were not to put usury upon people and burden them down.

Then every fifty years there was to be complete liberty from all debt. I wonder where we are in the jubilee cycle with all of this going on, because the only way you can solve it is to forgive the debt. But there are people holding it saying, 'You cheated me. I'm not going to forgive one bit of it.' So 'Uncle' Ben Bernanke said, 'Well, we're going to print more money. If you don't buy our bonds, we're going to buy our bonds and we really can't have a depression so a little inflation will work just fine.' That's what he said this past week.

Well, is it going to come along? It'll build up, build up, build up, and then BAM! inflation's going to take off. Then we'll talk about what that's going to do. Let's see a prophecy here of it in Isaiah 24, very similar to this. No one is going to be left unharmed from this worldwide banking catastrophe!Everyone is going to be affected! And just like I've said beginning fifteen years ago, 'Get out of debt, get out of debt.' If you can, buy some gold. I talked to a man who bought some gold at $800 an ounce and he contacted his gold dealer and said, 'Well, how much will you buy this back for?' And he said, 'Well, today, I can buy it back for $1400 an ounce.' He got it three years ago. Did he make more money on that than he did one percent, half percent, quarter percent interest in the bank? Your interest rate tells you how worthless the currency is.
Let's pick it up here in Isaiah 24:2: "As it is with the people, so it shall be with the priest; as with the slave, so with the master; as with the handmaid, so it is with her mistress; as with the buyer, so with the seller, as with the lender, so with the borrower; as with the creditor, so with the debtor." Remember the one that I did on Aftershock. What did they say where most of this money is going? It's going to 'money heaven.' And the Proverb says that your wealth shall fly away! And that's true. You can have so much money in your ledger that you have in account on the bank and then the bank goes broke and you have nothing. That's what it's going to be with all of them.

Let's see some other things that also affect this. I'll just review what I covered last time, some of the things that I covered.

Disclosures From An Insider: Scrap the dollar as sole reserve currency, U. N. Report

That's easier said than done, because everything is in the dollar. If the dollar goes down, that affects every single nation in the world, without a doubt. Do the bankers know this? Of course, they know it! That's why the G-20. They don't have agreement yet; they still have some things to do, but with the problems with the dollar they're going to agree. It says in Rev. 17: How will all these nations agree? It's prophesied that there is a mark of the beast coming. And how is it going to get to the point that they can bring in the mark of the beast?

Revelation 17:17: "For God has put into their hearts to do His will, and to act with one accord, and to give their kingdom to the beast until the words of God have been fulfilled." So it's going to happen! Now I know a lot of people don't like to hear bad news, but if you know what's coming, when the bad news comes you're not going to be blown away. You're going to be able to stop and think:

  • What do I do?
  • How do I act?

You might ask yourself: How much have I prepared right now? It's coming! I didn't bring the report of what happened when the inflation reached wheelbarrow full of millions of marks to buy a loaf of bread. But when that happened that affected all of Germany and Austria. What happened was, there were gangs running around stealing hogs, stealing cattle, confiscating bread, and everything like this. Just think about what's happening here.

I know Dolores and I were shocked yesterday that that judge, whatever her name is, in Arizona allowed the thirteen Latino countries to sue Arizona for the law that they have there, which was almost identical to federal law. Here's how they're going to do it: They've got to get agreement with the leading central banks. They're the ones that create the money. They're going to do it by printing money. That's what happened in Germany. They printed money, and at first it didn't cause a problem. Then all of a sudden it started galloping away and then racing away, and to where they had to let the workers out at ten, two, and four with their pay so they could go home and give it to their wives so they could down and buy the things at the grocery store before the price went up again.

Now if you're online, go look up Zimbabwe. I saw a little special on Zimbabwe and Kenya; I was surprised. One man caught a real big fish and the one who was doing the documentary said, 'Well, how much would this cost in your currency?' It was like fifteen thousand, whatever the currency was. It would be like $25 U.S.

The comment was made: You ought to read the Rise and Fall of the Roman Empire and also of Germany.

Here's where we are: Ben Bernanke announced yesterday that they will print money. It's called 'quantitative easing.' Nice term. They're going to debase your money and make it worthless.

Deflation: Make Sure "It" Doesn't Happen Here (Remarks by Governor Ben S. Bernanke Before the National Economists Club, Washington,  D.C., November 21, 2002) [Article taken from Economist June 27, 2010—by Ambrose Evans-Pritchard, Editor

It is a warfare manual for defeating economic slumps by the use of extreme monetary stimulus once interest rates have dropped to zero...

We're just about there. And Ben Bernanke announced, 'Well, we're not going to lower it any less than zero.'

...and implicitly once governments have spent themselves near bankruptcy. The speech is best known for its irreverent one-liner, "The U.S. government has a technology, called a printing press, that allows it to produce as many U.S. dollars as it wishes at essentially no cost."

Bernanke began putting the script into action after the credit system ceased up in 2008, purchasing $1.7-trillion of Treasuries, mortgage securities and agency bonds to shore up U.S. credit system. He stopped far short of the $5-trillion balance sheet quietly penciled in by the Fed Board as the upper limit for quantitative easing [QE].

They can't audit the Federal Reserve. It is not a government agency. It is a private international bank and they cannot edit the books. Now if you haven't read The Creature from Jekyll Island, you read it. It's a direct branch of Rothschild's banks in Germany. So they are ready to do that.

Here's another one: The Death of Paper Money

That's what's going to happen. What did we read in the Aftershock book? They want to come up with a digital world currency. That's the only answer they can come up with. They can't handle it any other way. So that's going to happen. Now the G-20 agreed to strangle us with debt.

The G-20 Agreed to Strangle Us with Debt (Henry Makow, July 7, 2010) {}

And in a second step from 2013 to 2016, the G-20 agreed to gradually reach zero new debt—which means, of course, even more "economic contraction."

Give us all kinds of debt, stimulus policies, build it up and then say, 'No more money.' That's what they're going to read to do. I read part of this last time: IMF Predicts New World Order. That's what's going to happen. The banking system is going to do it. We'll look at some of those Scriptures again. We looked at them last time, but let's look at them again from the point of view of what it is actually telling us.

Dollar Fall Sparks Stability Warning (Financial Times) {}

And the dollar fell to the lowest level this year.

Increasing expectations the Federal Reserve will pump more money into the US economy next month under a policy known as quantitative easing sent the dollar to new lows against the Chinese…

And the Chinese knew once they agreed not peg their money to the value of the dollar, because if the value of the dollar went down theirs went down and they could continue stable prices in selling in America. Once they agreed to not do that, then they knew this would happen. That we would take the dollar down while the Chinese yuan went up and now it would cost them more dollars to buy our stuff. They would have to sell things a higher prices here.

Now here's quite an article and this one is from—I'm going to do a little reading here. This one is from, I'll get the website, this one is from: GEAB, Global Europe Anticipation Bulletin, September 16, 2010 {}

They're having a problem now with investors in the stock market. Most of the investors are institutions and foreign institutions and governments buying our stocks and bonds, which means they now own those companies. We don't know that. 'The stock market's up, Hooray! Everything's wonderful!' No, they're dumping all the dollars to buy all they can in real assets before it collapses.

…70% of transactions in the hands of major institutions and other high frequency traders.

It used to be about sixty percent were individual investors. They're no longer in the market.

The Federal Reserve now knows that it is powerless

But they also know what they are doing. The only way you can bring a world currency is to collapse all currencies everywhere in the world at the same time. You can't do it one county over here, another country over there. I'll show you from the Scriptures that this is how the Bible is telling us that it will be done.

Finally there is a financial monetary effect that is particularly tragic since the players are aware of their unenviable situation: the U.S. Federal Reserve now knows that it is powerless. Despite the extraordinary efforts (zero interest rates, quantitative easing, huge support for the real estate mortgage market, massive support to banks, tripling of its balance sheet…) that it carried out from September 2008, the U.S. economy will not restart. Fed leaders are finding that they are only a part of a system even if it is a vital part and, therefore, can do nothing against the problem that affects the very nature of the system, in this case the U.S. financial system, designed as the solvent heart of the global world financial system since 1945. But the U.S. consumer has become insolvent…

  • Everybody here cut back on their spending?
  • Everybody here pay off your credit cards?
  • Everybody here cut out all the luxuries?

Yes, indeed! Taking the whole family to a slick restaurant now becomes a once a month outing to MacDonald's, and that's true! And I saw a picture of a 'happy meal,' showed day one, six months later day 180. Identical, didn't deteriorate at all. So that 'happy meal' that they get is going to create health problems in the long run and they're going to run to Obama for healthcare and he's going to say, 'Sorry, the line is way back there.'

…the consumer who, during the past thirty years, has gradually become the central economic player of this financial heart (with more than seventy percent of U.S. growth dependent on household spending). It is this insolvency of U.S. households that has broken the Fed's efforts.

Accustomed to the virtualism and thus the possibility of manipulating the process and dynamics of events, U.S. central bankers believed that they could mislead households once again, giving them the illusion of wealth and thus pushing them to revive consumption and behind it the whole United States economic and financial machine.

Didn't work!

Until summer of 2010, they did not believe in the systemic nature of the crisis or they did not understand that what was causing the problems was out of reach of the tools of the central bank, as powerful as it may be. Only in recent weeks have they discovered two pieces of evidence; their policies have failed and they have neither arms or ammunition [to correct it].

That's what the meeting was with Bernanke. So if you didn't listen to what he said, he was pretty straight forward and said, 'We will do whatever we will and we're ready for more quantitative easing.' Run the presses forty-eight hours a day, now guys.

Hence the very depressed tone of discussions at the central banks meeting in Jackson Hole...

What they do, they get all the world central banks over to Jackson Hole and they had private meetings. And they talked back and forth, very plainly to each other.

…whence the lack of consensus on future action, whence the endless debates about the nature of the risks to be faced in the coming months e.g. inflation or deflation, knowing the system's internal tools used to measure economic consequences of the trends are no longer even relevant, as we analyze this issue, whence increasingly violent clashes between proponents of renewed growth via debt and followers of debt reduction…

Everyone wants to reduce debt. That's the best thing to do. But what happens? You reduce economic activity—right? Because the way they create money is through debt, and debt is an obligation, and debt is a lie! You can't create money with debt! Try borrowing money to make yourself prosperous. And when that runs out, borrow more money to take care of the borrowed money. Sooner or later you're going to have to stop. Well, that's what American households have done and its frozen the Fed right dead in its tracks, because they can't psych the people up. 'Get a new credit card—run out and buy this, run out and buy that, run out and buy the other thing.' And all of the economic activity that you see reported is what? Mostly inflation! Go online. Look up commodities. You're local bread's going to go up 50-75-cents a loaf, because of wheat.

The Chinese are stuck. If they don't sell products to American consumers, their industry goes down, and they have riots. That's why there's a campaign that was out to try and psych you up to buy. 'Why don't you find a home for this new washer. Why don't you find a home for this new dryer, this new mixer,' to try and get people to buy it. We're beyond being psyched up, we're psyched out. So they don't have the means to do it.

…and whence Ben Bernanke's speech full of veiled threats to a central banker colleagues in ambiguous terms, he passed the following message: "We will try everything and anything to avoid an economic and financial collapse and you will continue to finance this"—everything and anything—….[through the buying of U.S. bonds.] …"Otherwise we let inflation loose and thus devalue the dollar while the U.S. Treasury will no longer be worth much." When a central banker expresses himself like a common cash extortionist, there is danger in the house.

So there we go! We're caught in a position where anything we do is near suicidal.

Track 2: or Download

Now I remember when I gave the sermon concerning the Mark of the Beast, with the digital angel, inserted chip, and I said, 'The mark of the beast here.' And everybody got all excited. I said, 'Whoa! They're going to have to refine it a whole lot more,' and I'll show you how much they have refined it now. In order to have the mark of the beast, what must you have already in position first?

Let's come to Revelation 13 and let's read it. Revelation 13:16: "And he causes all... [Now this means each and everyone. And we're talking about worldwide.] ...the small and the great, and the rich and the poor, and the free and the bond, to receive a mark in their right hands, or in their foreheads; so that no one may have the ability... [And the Greek there is 'dunamis'—meaning the power, the ability.] buy and sell unless he has the mark, or the name of the beast, or the number of his name" (vs 16-17).

What has to be set up in order to enforce this? You have the whole world banking system set up first! So I believe their plan is this: Let there be inflation, let it run away, let everything collapse, and then bring on the world money system. It'll start out with money and credit cards, debit cards. What will that entail then? As I mentioned years ago, you have to have a single numbering system that is uniform for all people in order to run it and know who has what and buy and sell. So the whole system has to be in place before you can have the enforcement of it. You can't come along and enforce it if you don't have the system.

Let's look at another thing, because I debated back and forth on this quite a while, because if you follow along here, Revelation 14:6. I asked the question as I was going through: When does this take place, the three angels' messages?

Revelation 14:6: "And I saw another angel flying in the midst of heaven, having the everlasting Gospel to proclaim to those who dwell on the earth, and to every nation and tribe and language and people."

Revelation 13:7: "And he was given power to make war against the saints, and to overcome them; and he was given authority over every tribe and language and nation." Isn't that what we just have up here, and they add the word people—correct? So this is worldwide. When does that happen? I think we'll have a clue here a little later.

Revelation 14:7: "Saying with a loud voice, 'Fear God, and give glory to Him, because the hour of His judgment has come; and worship Him Who made the heaven, and the earth, and the sea, and the fountains of waters.'…. [Who has the world been worshiping? The beast (Rev. 13)—right? 'All the world worships him.'] (the second angel): …Then another angel followed, saying, 'The great city Babylon is fallen, is fallen, because of the wine of the wrath of her fornication, which she has given all nations to drink'" (vs 7-8). That's the announcing of it, the fall has not yet occurred. God always announces it before it occurs. When does it occur? We covered that last time, Rev. 18.

Now let's read this one here, v 9: "And a third angel followed them, saying with a loud voice, 'If anyone worships the beast and his image, and receives the mark in his forehead or in his hand, He shall also drink of the wine of the wrath of God, which is mixed undiluted in the cup of His wrath; and he shall be tormented in fire and brimstone in the sight of the Holy angels, and of the Lamb'" (vs 9-10). When do you warn people not to take the mark of the beast? Before it is enforced!

When is the mark of the beast going to be enforced? Let's answer the question this way: First there has to be the system and it's going to be an ordinary banking system. Then there will be the mark of the beast to be received on a voluntary basis for those who want it. Just like today, of you have one of those car-key swipers with your credit card, you can go to the store and you can use it, but it's not required. However, the system is there—right? So you must have the system first. This has to be before they enforce it. That tells us what? Will there be a lot of people not accepting the mark of the beast? Yes! They'll use the banking system until it becomes mandatory for the right hand and in the forehead. (We'll talk about that in a little bit.) And so here comes the warning for all of those of you who haven't voluntarily already received it, that's the implication—don't take it.

"'And the smoke of their torment ascends into the ages of eternity..." (v 11). Now notice, it is not that they are tormented into the ages of eternity. The smoke of their torment ascends into the ages of eternity. What does that mean? They now know that the earth has like a seal around it, and it's way up in the stratosphere. They've been able for the first time to see that that stratosphere will open up, let out radiation, let out all sorts of pollutants. Where does it go? It goes into the heaven—right? Then it closes up.

What happens when you put something in space? It stays there forever—right? Just like the space probers that we sent out. They were astonished that one of them got clear out, they could detect it was getting close to Pluto and with three volts of electricity they could communicate those billions of miles with that space probe and it would answer back. It's still out there going someplace. Now what is smoke? Smoke is particles—right? So that's what is ascending continuously in space.

The next two verses gives us a clue as to the probable timing of the three angels' messages; v 12: "Here is the patience of the saints; here are the ones who keep the commandments of God and the faith of Jesus." You have both. All who say it's faith only and no law are wrong, because if you have faith, you will obey. What will you obey? You'll obey God! How does God say what we should do? Jesus said, 'If you love Me, keep My commandments'—right? Yes!

Verse 13: "And I heard a voice from heaven say to me, 'Write: Blessed are the dead who die in the Lord from this time forward. Yea, says the Spirit, so that they may rest from their labors; and their works follow them.'" If this is given right just before the resurrection, how can you have "blessed are those who die in the Lord from this time forward"? How many saints are there going to be dying? Is there not a martyrdom in the fifth seal (Rev. 6)? So when does this warning occur? All three of these occur before the Great Tribulation. They would have to. They occur before the enforcement of the mark of the beast, but the system must be here first.

Now what'll happen when they have that system? Going to solve a lot of problems. You have a world currency. If you want to go online, look up world currency and they have a website that tells all about it. I've got all the material on it, but I'll just summarize it for you very shortly here, which is this: What is the biggest financial problem in the speculative market today in the world and world financing and national currencies? Speculation on currencies! In 1992 George Soros almost broke the Bank of England by shorting the pound, and that's what's happening to the dollar—they're shorting it. And it goes down, down, down and loses value.

When you have a single world currency there's no exchange rate. You have the phenomena that there will be instantaneously a prosperity for all people that they have never had before. So you collapse the whole system first, get rid of all currencies, you have all the central banks lined up for the new world system. You have it all worked out with the World Bank, the International Monetary Fund, all the 27 central banks, all worked out, all the regulations. You collapse the whole financial system as it is now, you let everyone suffer for what? Six months, eight months, nine months, a year. Then you say, 'We're working on the new system, and here it is.' But they've already got it worked out. It will accomplish what they've needed to accomplish for world wages and world pricing with a world depression. And I've got here: IMF Admits the West is in a Depression. And if we are, the rest of the world will soon follow.

But with a worldwide depression, all currencies being bankrupt at the same time, everyone not being able to have jobs, they're going to suffer for a while. But what does that do? It makes every laborer in every category in every nation on the same status! No more unions. A carpenter in this country, a carpenter in China, a carpenter in Russia, would be paid the same; likewise for all.

Come to 1-Thessalonians 5; I've read this many times and I've wondered, 'How is this going to be?' I think I covered it last time with the beast. If you have a world government brought in by a world currency and it says no one is able to make war against the beast—why? Because it takes money to wage war—doesn't it? They will have no money to fight with!

1-Thessalonians 5:1: "Now then, concerning the times and the seasons, brethren, there is no need that I write to you; For you yourselves understand perfectly that the day of the Lord will come exactly as a thief comes by night. For when they say, 'Peace and security... [or peace and prosperity] ...then sudden destruction will come upon them, as travail comes upon a woman who is with child; and they shall by no means escape" (vs 1-3).

When have we ever had peace? Never! But if there is a world system of financing, which brings in a world government and no one is able to make war with the beast and now you have a world currency that brings prosperity to everyone, just like it did to Germany when they brought the new currency in after Hitler took power—right? Remember what happened? They had jobs! Everyone was working. That's exactly what's going to happen. When they collapse all the monetary systems and banks in the world by design, then they bring in the new system. It's going to have the same effect. People will start hiring, people will have some certainty, businesses will be able to invest, and all of this thing will come about. So that's when this verse will be fulfilled.

Now, we're to know the times and seasons, that is through the Holy Days, but we don't know exactly when all of these things are going to take place. But we can see it shaping up. There has to be the world banking system come to the full. Just like a political system. Let's come over here to Revelation 17 again, and let's read the system that is coming up. Let's read something that I don't think that we have really understood because the political system also has to be in place, but we find a very strange wording in this verse:

Revelation 17:7: "Then the angel said to me, 'Why are you amazed? I will tell you the mystery of the woman, and of the beast that carries her, which has the seven heads and the ten horns. The beast that you saw was, and is not, but is about to come up out of the abyss and to go into perdition.... [Meaning its roots are right out of Satanism.] ...And those who dwell on the earth, whose names are not written in the book of life from the foundation of the world, shall be astonished when they see the beast that was, but is not, and yet is. Here is the mind that has wisdom: the seven heads are seven mountains on which the woman sits. And there are seven kings; five are fallen, and one is... [at the time the vision was given] ...and the other has not yet come; and when he has come, it is ordained that he remain a little while. And the beast that was, and is not, he is also the eighth, and is from the seven, and goes into perdition'" (vs 7-11).

Now if you'll please turn in your Bibles to page 1,366 [The Holy Bible in Its Original Order] and we have an explanation of the seven heads. We find that under the column: Revelation 17. Let's read right down with it:

GREAT WHORE, Mystery Babylon the Great, the Mother of Harlots and the Abominations of the Earth

That's the whole system. Then there is the woman who rode the beast. Then we have the first head ridden by the beast, which is Imperial Rome. Come over to the right:

"Imperial Restoration" of Empire by Justinian. Then we have the second head. Come over to the right. That's the Frankish Kingdom and it began in 774. Charlemagne, and he was actually called Karl and he was German, crowned by the Pope in 800.

Third head, ridden by the woman: Holy Roman Empire, the German head, Auto the Great, was crowned by the Pope in 962.

The fourth head, ridden by the woman: The Hapsburg Dynasty, Austrian head, Charles the Great crowned by the Pope in 1530.

By the way, the House of Hapsburg is still there and the descendants of the House of Hapsburg are still working for a united Europe and the United Nations. Most people don't even know that.

Fifth head, ridden by the woman: Napoleon's Kingdom, French head, crowned by the Pope in 1805.

Actually the Pope reached up to put it on him and he took it out of the Pope's hand and put it on himself.

Sixth head, The "One that Is" at the time the prophecy was given, that's the one that is: Bismarck-Germany, 1871 to the end of WWI.

Seventh head, The "One Is to Come" has occurred, Revelation 17:10. This is Germany-Italy, Mussolini-Hitler.

Eighth One "That Was, and is Not and yet Is" Becomes the Beast of Revelation 13:1-8, with 7 heads and 10 horns. These fight against the Lamb.

That's why this must refer to the king of the north, because something has got to happen in Europe to revive this whole system. Something has to happen with the Arabs and the Muslims. I've got to give a sermon on that yet. But the final one will be of the seventh system, but the eighth.

Let's come back here to Revelation 17:12: "And the ten horns that you saw are ten kings... [But notice this statement:] ...who have not yet received a kingdom, but shall receive authority as kings for one hour with the beast."—right at the end. So there will be this world government, but these kings do not receive power until right at the end. So this helps verify the fact you must have the world financial system come first, then you can have the world government then develop out of that. The ten kings represent ten regions, starting out as financial regions. Then those who are the head of the financial regions become kings 'one hour with the beast.' Now notice what else it says.

"These all have one mind, and shall give up their power and authority to the beast. These will make war with the Lamb... [Where do we find that? Rev. 16 & 19—right?] ...but the Lamb shall overcome them; for He is Lord of lords and King of kings, and those who are with Him are called, and chosen, and faithful'" (vs 13-14).

These prophecies can only be understood in the light of today's world and what is happening. Couldn't understand them 25-years ago. Every commentary you would read does not have a clue as to what these things are because we have the promise in Dan. 12 that at the end 'the wise shall understand.' But the only way we're going to understand is to do what Jesus said, 'Watch,' what's going on and then know the Bible, study the Word of God; know what it says so we'll be able to understand what it means. But, look, doesn't this make much more sense than anything you have ever heard in the past about how there's going to come a world government? It can't come until you have first the world financial system! Then just before the tribulation begins, the three angels will give their warning messages. And when they're done giving it—BANG! The Tribulation starts and that pulls us right back to Revelation 6 and brings us to finishing up the rest of it.

Let's talk a little bit about the mark of the beast. Why will it be so attractive?

  • You can buy anything
  • You don't have to have money
  • It is not going to be a chip

That's what they've experimented with, but the chip does what? Just so people would not think that the digital angel chip was the mark of the beast they put it in the left shoulder. But after it's in there for a while it migrates, just like any foreign object in the system. They've also found it causes cancer. So they've had to go back to the drawing board. Now what would be an ideal mark of the beast?

Now the Greek there, it says 'to receive the mark in,' the Greek is 'epi'—which means on, but in, within. Here's an article:

(Chipless Mark of the Beast?) Invisible RFID Ink Safe for Humans, CattleCompany Says (

Mark of the Beast now available in invisible to the eye INK?

Can't see it.

The process developed by Somark involves a geometrical array of micro-needles and an ink capsule, which is used to "tattoo" an animal.

They've already done this on animals.

The ink can be detected from 4-feet away.

Well, they'll perfect it where they can control it with GPS, same thing.

A startup company developing chipless RFID ink has tested its product on cattle and laboratory rats. Somark Innovations announced this week that it successfully tested biocompatible RFID [Radio Frequency Identification] ink which can be read through animal hairs.

The hairs you just leave them there. Remember what they had to do to brand cattle? They had to go out there and they had to lasso them, chase them down, tie them up, have the hot branding iron. They were making them put the chip in the ear, now they don't have to. Just bring them in, put it in a stall, grab hold of the ear and just go zap with the ink and that cow's numbered.

The passive RFID technology could be used to identify and track cows to reduce financial losses from Bovine Spongiform Encephalopathy (mad-cow disease) scares. Somark, which was formed in 2005, is located at the Center for Emerging Technologies in St. Louis. The company is raising Series-A equity financing and plans to license the technology to secondary markets which can include laboratory animals, dogs, cats, prime cuts of beef, military personnel.…

And what did we discover that they could use it for when we talked about the mark of the beast when it was the 'digital angel'? Use it to track your children, track those with Alzheimer's disease. All that sort of thing. 'Oh, this would be wonderful. No stealing from your bank account. No forging of any signatures.' All of that!

Chief scientist Ramos Mays said the test provides a true proof-of-principle and mitigate most of the technological risks in term of the product's performance. "This proves the ability to create a synthetic biometric or fake fingerprint, with biocompatible chipless RFID ink and read it through hair," he said…. it's also safe for people…

They will come and say, 'Why would you resist this? They can't even see it. Think of all the convenience. But also, you now belong to the bank and to the state.' So there you have it. It'll be this:

…U.S. Department of Agriculture calls for a 15-digit number to track cattle. First three digits are "840" for the U.S. country code. The remaining digits are unique identifiers. The numbers would link to a database containing more information.

Tracked from birth to death—buy and sell! That's why it says, no one has the ability or the power to buy or sell. It will become law to have your children tattooed with this at birth. What happened in Egypt when Pharaoh said, 'Kill the male children'? Couldn't kill them. Pharaoh said, 'Why aren't you killing them?' Ah, you don't understand how healthy and strong that the Hebrew women are. We're running over to deliver the baby and by the time we get there it's already born. Going to have to have babies at home—right? If it's given to children, they have no control over it, as one comment was made, another reason for the second resurrection.

So there we have it. How close are we getting? Closer, closer, closer, closer. So watch the financial thing. That's the important thing right now and then keep in mind here's this thing about the mark of the beast and the chip. People will want it. All those on government programs, they'll say, 'Well, if you don't have it, you don't get any unemployment, you don't get any social security.' You can just see how that will be.

Scriptural References:

  1. Numbers 32:23
  2. Proverbs 22:7
  3. Isaiah 24:2
  4. Revelation 17:17
  5. Revelation 13:16-17
  6. Revelation 14:6
  7. Revelation 13:7
  8. Revelation 14:7-13
  9. 1-Thessalonians 5:1-3
  10. Revelation 17:7-14

Scriptures referenced, not quoted:

  1. Revelation 18; 6; 13:1-8; 16; 19
  2. Daniel 12
  3. Revelation 6

Also referenced:


  • Aftershock: Global Financial Meltdown
  • Mark of the Beast


  • The Rise and Fall of the Roman Empire
  • The Creature from Jekyll Island by G. Edward Griffin
  • Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown by David Wiedemer, Robert Wiedemer & Cindy Spitzer


  • Deflation: Make Sure "It" Doesn't Happen Here (Remarks by Governor Ben S. Bernanke Before the National Economists Club, Washington,  D.C., November 21, 2002) [Published by Economist June 27, 2010—by Ambrose Evans-Pritchard, Editor] {}
  • The G-20 Agreed to Strangle Us with Debt (Henry Makow, July 7, 2010) {}
  • Dollar Fall Sparks Stability Warning (Financial Times) {}
  • Global Europe Anticipation Bulletin (GEAB) (September 16, 2010) {}
  • (Chipless Mark of the Beast?) Invisible RFID Ink Safe for Humans, Cattle Company Says (

Transcribed: 10-25-10
Formatted: 10-26-10