This morning in the Wall Street Journal, on page two, an article with the headline, “German Official Says U.S. Stature to Fall”. Here is a a quote from the German Finance Minister Peer Steinbruck while speaking Thursday to the German parliament.
“The U.S. will lose its status as the superpower of the global financial system, not abruptly but it will erode.` The global financial system will become more multipolar.” Mr Steinbruck wnet on to say, “Wall Street will never be what it was.” The article goes on to say Mr. Steinbruck tempered his remarks by saying the dollar won’t lose its status as the benchmark currency, but over the next ten years the dollar will be supplemented by the yen, the euro and the Chinese yuan as key currencies.
I would ignore the projected ten year time frame. It wil not take that long for the rest of the world to construct an new financial framework that will no longer be centered on the United States. The “masters of the universe” who have run Wall Street into the ground no longer command the confidence of the world financial markets. Europe and China are not going to stand by and risk another meltdown that endangers global prosperity.
In recent days the world has taken a step toward fulfillment of the system described in Revelation 13:16 Revelation 13:16And he causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
American King James Version×, 17: “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”
While America will likely rebound from this present crisis we will be carefully watching how Europe and the rest of the world reacts.