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The UK and Germany believe that a new international system regulating the financial sector of our world must be constructed to prevent a repeat of another global banking crisis in the future and it would be an international authority that will make the traffic rules for financial markets.
Great Britain's financial minister Alister Darling said just as one government cannot combat terrorism, so one government cannot deal with the consequences of globalization. There is now a need for a global system of financial regulation. China has also called for a world order to battle a financial tsunami, a financial order no longer dependent on the US, but one that would create a diversified currency and a financial system that would be a fair and just financial world order.
Jimmy's Prophetic Prospective on the News
A call by Great Britain, Germany and China for a new worldwide financial order, one not dependent on the US, is a page out of Bible prophecy for the Last Days.
The economic crisis that has been created in the US has affected every financial market around the world and has motivated some world leaders to look for an alternative to the US as the foundation of a world economy. With world leaders now looking for a system to fix this global economy, the calls for an international regulator of the global financial markets is similar to a scenario that can be found in Bible prophecy.
Revelation 18 is a prophecy of just such an international financial system, a new world financial order that will be in place for the last 3 1/2 years of the seven year Tribulation Period. This one world economic system will be headquartered in Babylon, which is modern day Iraq, also found in Revelation 18. The leader of this economic system will be the Antichrist which rules and reigns from Babylon. This economic system will ultimately be destroyed, Revelation 16:17-20, Isaiah 13, 14 and Jeremiah 50, 51, but that will happen only after Jesus Christ, the Messiah returns to the earth.
The present worldwide financial crisis is indeed setting the stage for Bible prophecy to be fulfilled.