Article extracted from the book:
THE LAST GENERATION
By Jim Simmons
“THE COMING ONE WORLD ECONOMY - PART 1”
A Look at the Overt World Economy and a Look at the
Shadow Government Behind the Scenes
The world is currently experiencing financial crises. The question is, “Will this be the final global crisis that will ultimately trigger a One World Economy?” We cannot know for sure. If it isn’t the crisis that triggers a final one-world economy, it is definitely the tremors that precede the global financial crisis.
The following article, with a couple of exceptions, is taken from the book, The Last Generation: Prophecy, Current World Events, and the End Times by Jim Simmons. In the first article, The Last Generation, we reviewed the three pillars that must be in place during the tribulation period. They are: One World Government, One World Religion, and One World Economy.
In previous articles, I covered the first two pillars. This article will focus on One World Economy. There will be some overlap with the One World Government and some of the points in the first article, The Last Generation.
The world economy is the fuel that energizes or makes it possible to complete the other two world pillars, building a one-world system unified under the rule of the Antichrist (Revelation 13: 16-18). In developing a case for the coming one-world economy, I am going to chronologically reverse the time-line from current events to past events. The order of events will deviate from this time-line in some instances. This method will help us see where we are, where we came from, and what is going on behind the scenes. It may be compared to peeling an onion.
The first part of the article is what you see on the surface, like the layers of an onion. The last part has to do with what is hidden beneath the surface, or behind the scenes (like the core of the onion).
The Final One World Empire
This final one-world empire will be an extension or revised version of the Roman Empire [see Daniel 2: 40-43; 7: 7-8; Revelation 13: 1-2]. Today, the European Union [EU] covers the approximate geographical area as the ancient Roman Empire. The final empire, a one-world system, will be led by the Antichrist and will emerge from the European Superstate, the EU.
Biblically, there is evidence of a One World Empire and a revived Roman Empire, which fits the description of the European Union. One biblical example is found in Daniel 2: 32-43. King Nebuchadnezzar of the Babylonian Empire had a dream that involved a statue. Daniel was called on to interpreted the dream. The statue represented four world empires composed of four different metals.
The fourth empire was Rome, represented by the legs, feet, and toes. The legs were made of iron, representing the Eastern and Western Roman Empires. That has already happened. The feet and toes were made of iron and clay (Daniel 2: 41). This variation in the metal composition may point the way to a revised version of the Roman Empire, which will ultimately include additional nations.
One of the ways we know that it is a future event is the relationship of the 10 toes (Daniel 2: 41-43) and the 10 horns, which are 10 kings or kingdoms (Daniel 7: 24). Rome was never under the leadership of 10 kings simultaneously. During the tribulation period, the world empire, which will be an extension of the revived Roman Empire, will be under a 10-kingdom rule with the Antichrist leading the way (Daniel 7: 7-8).
In 1999, a new EU currency called the euro was proposed. In 2001, the euro was legalized. In 2002, the euro replaced the national currencies in 12 European states.
On January 2, 2008, the Single Euro Payments Area (SEPA) was introduced. It includes 31 member states. SEPA created a multi-state zone where anyone in the European financial infrastructure can make electronic euro payments that are considered domestic. With the establishment of the euro and the SEPA, the financial unification of the EU is in place.
Currencies of the US and EU
The U.S. dollar has a history of being the most stable and accepted of world currencies. Now, the euro is growing in value against the U.S. dollar. “A lot of central banks, Asia in particular, where the most important volumes are located, are shifting reserves from dollar reserves into euros,” (According to Wemer Becker of Deutsche Bank). From July 2003 to July 2008, the U.S. dollar reportedly went from 1.15 dollars for one euro to 1.57 dollars for one euro. As this article is being penned on March 29, 2009, the rate is 1.32 for one euro, according to the German financial website, finanzen.net.
The U.S. used to be the world’s Superpower. That status is rapidly shifting to the EU, the primary power base of the Final Empire.
US and EU Combine Economies
“…In 2007 President Bush signed an agreement that commits the U.S. to economic integration with Europe, and that one of the provisions of the agreement was creating regulatory convergence between the U.S. and the E.U., including integrating health records electronically!”[See article titled “It’s All Coming Together” by Heidi Swander with Olive Tree Ministries, 3-9-09.]
Economy and Religion Join Hands
Over the last few years, we have seen faith-based Mutual Funds grow in popularity. For example, the Muslim Mutual Fund, Amana Trust Income Fund, has recently been a best performer over the past year. This means that its losses were only 25.8% as opposed to U.S. stock funds, which have lost 44% for the year [taken from the April 2009 edition of Midnight Call, P. 32].
“Here we see demonstrated religion, finances, and economy melted into one” [Ibid].
New World Order
The New World Order, including economy, is coming together rapidly. As we shall see later in this article, the roots of this new world order began around 60 years ago. It was close to the time of the birth of Israel (1948). It was also near the time of the birth of this “last generation.”
EU / UN / and NATO Connection
When prophecy scholars speak of the EU as being the revived Roman Empire, some people reject this interpretation of Scripture. Their objection is based on the final world empire being a world empire, not an EU empire. On the surface, this makes sense. There is, however an answer to this objection.
The European Union members and the Western European Union [WEU] and their candidates are integrated into two other major groups of nations. They are members of the United Nations [UN] (1945). They are also members of the North Atlantic Treaty Organization [NATO] (1949).
It is of interest to note that the EU, NATO, and the WEU have their headquarters in Brussels, Belgium. The WEU was established as a result of a 1954 amendment to the Brussels Treaty [Article 5]. This made the WEU responsible for the collective defense of the EU. This put them in a very powerful position. Under Article 4, the security of the WEU member states (countries) became linked to NATO.
Consider the dates and links to other major international groups. The UN (1945), NATO (1949), and the WEU (1954), but its roots were in the Brussels Treaty (1948). The EU was linked to these major international groups in the years 1945, 1948, 1949, 1955 [WEU to NATO with roots in 1948]. All three major international groups are linked with the EU and WEU. The dates generally range from 1945 to 1949 with the exception of the WEU (1955), which is an offshoot of the Brussels Treaty of 1948.
These are some of the reasons, along with the biblical references, that the EU is considered the home base of a Final World Empire. This is another move toward world unity and ultimately a One World Empire led by the “man of sin,” the Antichrist. [To read more about this, including information about Javier Solano who is considered by many to be one of the most powerful men in the world, see Chapters 4 and 5 of the book titled, The Last Generation: Prophecy, Current World Events, and the End Times.]
Up to this point, the focus of a one-world economy has been narrowed to the EU and the US. A worldwide economy includes more than two nations.
“In recent weeks, leaders in Europe, Africa, and the Middle East have proposed scrapping the current economic order and going to a single common currency …The Kremlin is reportedly set to propose a new global common currency system that will replace the U.S. dollar as the international currency of choice.” [See “Russia to Propose New Global Common Currency” by Joel C. Rosenberg, 3-18-09 on the B.P.T. website.]
This week a UN panel will recommend that the world ditch the dollar as its reserve currency for a basket of currencies.
Some of the plans for a one-world economy began in the mid 1950s. Consider the following:
* The Club of Rome (1957)
The Club of Rome is a German based think tank established in 1957. It has a limit of 100 active members. The members are from five continents and 52 countries. There is only one country that is not included. It is Israel, of course. It was an association of scientists, economists, businessmen, international high civil servants, and former heads of state. The Club’s purpose is to figure out ways to solve humanity’s problems.
Many years ago, the Club of Rome advocated a “one world order,” dividing the world into 10 economic centers or regions, i.e., regions of countries. “Regionalization” became the new buzzword.
World Federalists also advocated “world regions” and have detailed plans for a world government similar to the Club of Rome.
* Development of a Global Authority
One of the roots of the global economy was the General Agreement on Trades and Tariffs [GATT], established in 1948. GATT, as well as other organizations at the Club of Rome, advocated a “One World Order,” dividing the world into 10 economic centers called “Mega Territories” and “Kingdoms.” [Remember the 10 toes in Daniel 2:41-43; the 10 horns and 10 kings in Daniel 7:24; and Revelation 17:12?]. The One World Government would rule the “Ten Kingdoms” of the Club of Rome.
GATT evolved into the World Trade Organization [WTO] in 1995. The WTO has 153 members and represents 95% of the total world trade. The U.S. recently agreed to the GATT Treaty by joining the WTO.