7 Reasons To Anticipate A Global Financial Collapse

By: Curtis Ophoven 0 Comments   8/1/2014

Does the Bible teach that we will experience a global financial collapse in the end times?  Some say yes and some say no.   

The reason that this is a difficult question is because there are no direct passages of scripture that say “the world will experience a global financial collapse.” 

But there are several passages that, when taken together, clearly reveal that the world will indeed experience a global financial collapse during the end times. 

But when will that take place?  After all, if it's not until the tribulation period or after the rapture or a long time from now, then why worry about it?

The Rebellion 

I think it is important to think about because I don’t think it will be a single event when everything suddenly falls apart.  Rather, the economies of the nations will collapse over several years, or perhaps decades; sometimes together and sometimes separately.   

2 Thessalonians 2 tells us that first their will be a global rebellion against morality and truth.  This is well underway.

The nations of the world will not suddenly decide one day that they are all going to reject Christ and remove all laws from their land that are based on His revelation.  This will take time.  These laws are what support the economies of nations.

At the same time, I think the global rebellion against Christ and the corresponding global financial collapse is likely to happen within a generation, because it only takes one generation to completely forget the blessings that result from following the Lord (Judges 2:10).  We are likely already in the middle of it.  Some years may be better than others, depending on the government response and the nation you are in.  

For example, the trillions in debts that led to the 2008 global recession have not been paid off; rather, more debts have been created to pay off the previous debts. Since 2008, the government debts of the world have increased by 25%, putting the global financial system in a very unfavorable position. Some nations are much worse off than others with massive inflation and high unemployment, yet other nations appear to be better off.  

I share these things not to create fear, but to build confidence.  Confidence comes from knowing what the Lord is doing, and He included these passages in the Scriptures so that we would be aware of them, and so that we are able to understand what He is doing and understand that they are all part of His plan for our good – to reveal Himself to the world one more time.   

To study these passages gives us an advantage.  We are able to anticipate the future and to point out these things to the people around us – that He is indeed God - because no one else could have predicted these things, nor given specific details.  

7 reasons to anticipate a global financial collapse:  

  1. Rebellion against God’s laws leads to economy disaster (Deut 28:2-15), and the nations of the world are predicted to reject God’s laws (Psalm 2:2, Isaiah 45:20-21).
  2. 2 Thessalonians 2 tells us that a global rebellion will occur just before the coming of the Lord Jesus Christ. The rebellion will be an increase in lawlessness or sinfulness.  Jesus said the same thing: wickedness will increase (Matt 24).  Galatians 6:7–8 says that if we sow to our sinful nature, we will reap the destruction.
  3. The Lord will cause wealth to be destroyed by natural disasters (Matt 24) and the nations will be in anguish and perplexity at the things that are happening on the earth (Luke 21:25).
  4. Israel is attacked because of its wealth (Ezekiel 38); while this war has not yet happened in history, today many nations have more wealth then little Israel, primarily because of the high price that nations collect for oil, which America is a major consumer. 
  5. In Matthew 24, Jesus says that nations will go to war against each other.  Wars are always fought over money, so therefore, it will be a time of global financial distress.
  6. Daniel describes the rise of the fourth world empire (Daniel 2:40), which has not yet been formed in the world, and it will come to power by force “strong as iron-for iron breaks, and smashes everything as iron breaks things to pieces, so it will crush and break all the others.” (Daniel 2:40). This fourth world empire is the revived Roman Empire, described as having 10 kings as member nations. (Daniel 7:23-24) This empire is not likely to rise while the global financial system remains in the hands of America and its currency that is used as the global currency.  The book of Daniel also tells us that the Anti-Christ will come to power as the leader of this fourth empire.  He will be prosperous at whatever he does and will gain popularity by his prosperous ways – similar to how Hitler came into power. If many nations were prosperous at the time he would not be able to gain tremendous popularity by being prosperous. Only if the nations were in great financial distress would he stand out as a leader and be able to gain influence among the nations. This also implies that the revised Roman Empire (or the EU) will also be in deep financial trouble, which they are already in. Mark Steyn in his book, America Alone, points out that Europe will be bankrupt by 2020 because of its expansion of social programs.
  7. The fourth world empire gains the power of a global financial system, but the nations of the world would never give up their financial sovereignty to a global financial system unless they had no other choice (Rev 13:16-17).

There are other passages that could be included, but these are some of the most compelling.  Knowing this, we should be good stewards of our money and should be paying off debts and telling people about the Lord.  In the years ahead, each time a nation runs into financial collapse, we should use this list to point out that the Lord predicted it long ago - so that we would come to realize that He is God.

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