Global Economic Crisis – Rebuilding the Tower Of Babel

by Timothy Tay

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Former US Reserve Bank chairman, Greenspan, described the current economic crisis as an economic tsunami of the century that had caught everyone by surprise and it had yet to hit bottom.

Over 40 leaders from Europe and Asia were in Beijing last week to trash out possible solutions.

 Following this on Nov 15 the top 20 economic powers 1) www | pdf | : G-20 major economies Wiki of the world will meet to finalise a plan of actions.

China, with its 2-trillion US$ reserve, will be a key player considering that this nation has contributed much to the current woes for continued to hold tight to a low exchange rate regime for its currency.

However, it is the United States with its dominant economic presence that triggered the stock market fallouts.

The solution to this lack of confidence in the financial world may be found when nations finally agreed on a workable plan that will bring stability and confidence back into the market — for a plan to work it will have to be of a magnitude that will make the 40’s Bretton Woods agreement2)www | pdf | : 15Nov2008 Summary and analysis of Washington meeting; Bretton Woods Project; 17NOV2008 look like child play.

We may see before our very eyes the making of a new economic order that will have the power and authority to monitor more tightly how financial transactions are to be conducted. How will this agreement affect the Church?

Will we see the economic scenario painted in the book of Revelation becoming a reality with its conceptual beginning trashed out this coming November 15?3)www | pdf | : 15 November 2008 G-20 Washington summit Wiki

Contrary to the gloom and doom often predicted for the Church the reverse is probably true – a new era of prosperity for the children of Abraham who by faith can look forward to the city with foundations, whose architect and builder is God (Heb 11:8-10).

1. Gen 11 “Babel” is composed of two words, “baa” meaning “gate” and “el,” “god.” Hence, “the gate of god.” A related word in Hebrew, “balal” means “confusion.”4)www | pdf | : Babel ; The Tower Of Babel and the Confusion of Languages by Lambert Dolphin

References   [ + ]

1. www | pdf | : G-20 major economies Wiki
2. www | pdf | : 15Nov2008 Summary and analysis of Washington meeting; Bretton Woods Project; 17NOV2008
3. www | pdf | : 15 November 2008 G-20 Washington summit Wiki
4. www | pdf | : Babel ; The Tower Of Babel and the Confusion of Languages by Lambert Dolphin

Timothy Tay

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