Ever since a 1986 meeting of international prophets at Mount Carmel, Prophecy Today has been warning readers that God would “once more shake not only the earth but also the heavens” (Heb 12:26: Hag 2:6).

A veritable shaking

There is certainly a shaking. There are wars and rumours of wars. Nation has risen against nation (Mat 24:6-7). Christians across the world are persecuted and imprisoned and there are great earthquakes, famines and pestilences. We must expect more, with fearful events and great signs from heaven (Luke 21:11). “These are the beginning of birth-pains” (Mark 13:8). We are not to be alarmed (Mat 24:6).

In the past couple of years in particular we have, indeed, experienced an unravelling of global socio-economic systems that have hitherto provided stability. Firms have gone out of business. There are shortages of fertilisers, food, and energy supplies. Available work quite often takes little account of one’s real ability. Fear and insecurity have increased. There is a loss of faith, trust and truth. Health services have become overburdened. There has been a mental health crisis. There are demonstrations and strikes. Intolerance of biblical Christianity and of Judaism is getting worse.

Financial shaking

Prolonged lockdowns slowed economies, and low interest rates increased the extent of borrowing. Now that the interest demanded for borrowing is increasing, however, a significant amount of the debt cannot be properly paid off. Consequently, lending by banks now produces lower gains, and monetary systems across the world are threatened with collapse, leading to the threat of a worldwide banking crisis.

There are many people in government who understand that fear and insecurity exacerbate people’s dependency, making it easier for them to be manipulated and managed.

Borrowing by governments from central banks, however, has escalated because government can issue bonds and raise taxes and thereby effectively get the people to pay for the borrowing. Although government borrowing has had to be limited, the unique ability of governments to borrow to finance what they deem necessary increases people’s dependency upon government agencies, particularly in times of hardship. There are many people in government, furthermore, who understand that fear and insecurity exacerbate people’s dependency, making it easier for them to be manipulated and managed.

Drive for global reset

The 2020 book ‘Covid-19: The Great Reset’, by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (along with economist Thierry Malleret), claims that the Covid pandemic has begun a shaking that will bring about fundamental global change. The powerful World Economic Forum calls for a global reset and intends to manage resources for what its leaders consider to be the future wellbeing of human beings and the planet. Revelation 13 comes to mind.

The World Economic Forum admits that what it deems an equitable and sustainable adaptation to all this shaking will involve greater governmental control, including the development of Central Bank Digital Currency, which they say will be managed for public benefit.

James McCumiskey ... presents constructive criticism of the WEF’s economic agenda, revealing it to be shaky.

Alternative approach

However accountant James McCumiskey¹, former Belfast Coordinator of Positive Money, a research team that campaigns for a money and banking system that enables a fair, sustainable and democratic economy, presents constructive criticism of the WEF’s economic agenda, revealing it to be shaky, because their plan perpetuates the system whereby governments borrow to finance their activities, making the people pay whilst enriching bankers and their ideological and political associates.

If central banks distribute digital currency, they will continue to hold it digitally, and it is plain to see that if individuals are also given a personal digital identity, governments and central banks will hold the means to sanction individuals who displease them, thereby suppressing non-conformity. Central Bank Digital Currency is now being developed by the Bank of England², and the Kavli Centre for Ethics, Science and the Public at Cambridge University is engaged in developing biometric ID for every individual.³

Sovereign Money

McCumiskey concludes that real honest money should simply be a token of payment. In his recent book, ‘Real Honest Money’, he considers how the use of money originated and examines the history and nature of banking. He goes on to show how what he terms ‘Sovereign Money’ would be issued by the nation state, in contrast to today, where commercial banks create over 95% of our money supply; the consequence of which is that we, the little people, pay significantly more taxes. Sovereign money would provide fiat cash for individuals without the threat of government mind-control. 

McCumiskey is in favour of using simple fiat money and forbidding interest charges on loans in accord with biblical precepts. Issue of such money would be regulated by law (though whether lawyers and politicians could be trusted to have more integrity than bankers is disputable!).

‘Sovereign Money’ could be created and issued by nation states in order to provide fiat cash for individuals without the threat of government mind-control.

Banks would simply be brokers, not as creators of money via fractional reserve banking, which for several hundred years has been the profitable gamble of extending credit without the backing of full reserves. This way hegemony by elites would probably be curtailed by reducing wealth inequality and introducing a transparent monetary system. The economy would be stimulated, and taxes reduced, too. 

Tyranny avoided

McCumiskey even describes how this Sovereign Money could be introduced into the present system without too much turbulence. He describes how local currencies have successfully been introduced in times and places where there was either great hardship or a communal lack of interest in using commodities such as gold and silver to accumulate wealth. This could be helpful in future.

‘Sovereign Money’ is a testimony to Christians that tyranny can be avoided. 

Endnotes
1 ‘Real Honest Money’ was independently published in 2022, comes with a long list of sources, and is available from Amazon.
2 Bank of England Statement on Central Bank Digital Currency, 12 April 2021.
3 CAM magazine issue 97.

John Gordon was formerly a GP, a psychiatrist and a psychoanalyst. He is now a licensed minister in The Order of Jacob’s Well.