The Vatican recently called for a global public authority and a central world bank to rule over the financial institutions that have been at the center of the global economic crisis because they have become outdated and ineffective in dealing with this financial crisis. There are those who say that this proposal by the Vatican is music to the ears of the demonstrators around the world who are calling for economic equality for all.
The 18 page Vatican document says that if a central financial authority is not set up, the crisis at a social, political, and economic level could create a climate of growing hostility and even violence which will ultimately destroy the foundations of our world.
Jimmy's Prophetic Prospective on the News
The recent call by the Vatican for a central world bank and a global economic authority fits the prophetic scenario that is found in Bible prophecy for the last days.
In our world today there is a global economic crisis that does not seem to be going away. Both the European Union and the United States face major financial problems that no one can find a solution for at the present time. There have been calls by members of the G-20, the 20 leading economies of this world, for a worldwide financial structure to resolve this global economic crisis.
Now the Vatican has released a plan that they believe will bring about the end of this financial crisis. In fact the Vatican plan says if there is not a resolution to the financial crisis violence will break out across the world. The Vatican plan with a central authority and a world bank is a page out of Bible prophecy for the last days.
The book of Revelation reveals that there will be a central authority to rule over a global economic structure and it will be headquartered in Babylon which is modern-day Iraq (Revelation 18). This economic system will cause all in the world to take an identification mark on their forehead or the back of their hand in order to be able to buy or sell any necessity of life (Revelation 13:16-17). The fulfillment of these prophecies will take place after the Rapture of the Church.
However, our present world crisis is indeed setting the stage for Bible prophecy to be fulfilled.