Money Fails in Mystery Babylon As in Egypt (Gen. 47:15)
Introduction
Since October 2003 the Power Latent in Man (PLIM) began to warn people of the coming 2007-2008 US and worldwide collapse of the system called mystery Babylon the Great, in Revelation 18th chapter. The subprime mortgage crash and low interest rates were the primary causes of this crisis.
See article on How Does 1960 Prophecy Events? in “Where are the Modern Day Josephs?”
Quoting from the Federal Reserve website. “The subprime mortgage crisis of 2007–10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices. Historically, potential homebuyers found it difficult to obtain mortgages if they had below average credit histories, provided small down payments or sought high-payment loans. Unless protected by government insurance, lenders often denied such mortgage requests. While some high-risk families could obtain small-sized mortgages backed by the Federal Housing Administration (FHA), others, facing limited credit options, rented. In that era, homeownership fluctuated around 65 percent, mortgage foreclosure rates were low, and home construction and house prices mainly reflected swings in mortgage interest rates and income.”
Subprime Mortgage Crisis
”The resulting demand bid up house prices, more so in areas where housing was in tight supply. This induced expectations of still more house price gains, further increasing housing demand and prices (Case, Shiller, and Thompson 2012). Investors purchasing private-label mortgage-backed securities (PMBS) profited at first because rising house prices protected them from losses. When high-risk mortgage borrowers could not make loan payments, they either sold their homes at a gain and paid off their mortgages, or borrowed more against higher market prices. Because such periods of rising home prices and expanded mortgage availability were relatively unprecedented, and new mortgage products’ longer-run sustainability was untested, the riskiness of PMBS may not have been well-understood. On a practical level, risk was “off the radar screen” because many gauges of mortgage loan quality available at the time were based on prime, rather than new, mortgage products.”
“When house prices peaked, mortgage refinancing and selling homes became less viable means of settling mortgage debt and mortgage loss rates began rising for lenders and investors. In April 2007, New Century Financial Corp., a leading subprime mortgage lender, filed for bankruptcy. Shortly thereafter, large numbers of PMBS and PMBS-backed securities were downgraded to high risk, and several subprime lenders closed. …”
The Federal Reserve Bank and Congress had to bailout banks, insurances companies, hedges funds, Wall Streets brokerage firms and others financial institutions around the world. Trillions of dollars were printed up out of thin air. However, this didn’t fully solve the problem.
Ten years later a bigger crisis arose with the CoVID-19 pandemic shutdowns and trillion of dollars being printed again to restart the economy. This resulted in a broken supply chain and record high inflation not seen in 40 years. Printing up trillions of dollars out of thin air always debases or devalues the money in circulation which is the primary reason why the prices of everything, gas, rent, etc., are going sky-high.
Debasing always leads to severe consequences for a nation. One of the reasons the Roman Empire collapsed was due to debasing its currency. This will also be one of the causes Mystery Babylon the Great falls.
______________
Yahweh Elohim gave Israel a law that forbade them from devaluing their money or coinage by debasing it with money less valued than gold and silver. The penalty was death.
Using the Law and the Prophets or the Old Testament, one of the first instances money failed was in Egypt with Joseph, being the governor. “And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread. (Gn. 47:15)”
Now dross silver is defined as follow
“Dross is defined as the mass of solid impurities floating on a molten metal. The dross has no value and it is often referred to as scum. The dross must be removed so that the molten metal is pure. I always thought the process was really cool.”
Dental Devotions: Removing the Dros
Some may ask how does money fail? Proverbs explain it plainly “Remove the dross from the silver, and out comes material for the silversmith; remove the wicked from the king’s presence, and his throne will be established through righteousness.” Prov. 25:4-5.
“22 Thy silver is become dross, thy wine mixed with water:” (Isa 1:22)
“18 Son of man, the house of Israel is to me become dross: all they are brass, and tin, and iron, and lead, in the midst of the furnace; they are even the dross of silver.” (Ezk. 22:18)
Silver has to be pure silver with no impurity. So dross silver has impurities and it is a form of debased silver. Zinc is some times used to replace the silver, as in all US dimes minted from 1965 to present which have no silver only zinc.
A silver dime, 90% silver, 1964 and back, is worth over $2.00
Now the Messiah fulfilled these impurities of silver in different manifestation. The gospel of Matthew describes it as follow .
“3 Then Judas, which had betrayed him, when he saw that he was condemned, repented himself, and brought again the thirty pieces of silver to the chief priests and elders, 4 Saying, I have sinned in that I have betrayed the innocent blood. And they said, What is that to us? see thou to that. 5 And he cast down the pieces of silver in the temple, and departed, and went and hanged himself. 6 And the chief priests took the silver pieces, and said, It is not lawful for to put them into the treasury, because it is the price of blood. 7 And they took counsel, and bought with them the potter's field, to bury strangers in. 8 Wherefore that field was called, The field of blood, unto this day. 9 Then was fulfilled that which was spoken by Jeremy the prophet, saying, And they took the thirty pieces of silver, the price of him that was valued, whom they of the children of Israel did value;” Matt. 27:3-9
Here the impurities of silver weren’t physical, but the impurities represented “blood money” that was cursed.
________________________
Below are some of the events that will led to the fall of dollar and the Mystery Babylon System. It’s right around the corner.
Rev. 18th chapter
Economist Whistleblower Who Predicted Covid Tyranny Breaks Down How to Fight the Next Lockdown
How Central Bank Cryptos May Implode the System
Time 00-7:41
Pain at the pump: Gas costs nearly $10 a gallon at this California station
Introduction
Since October 2003 the Power Latent in Man (PLIM) began to warn people of the coming 2007-2008 US and worldwide collapse of the system called mystery Babylon the Great, in Revelation 18th chapter. The subprime mortgage crash and low interest rates were the primary causes of this crisis.
See article on How Does 1960 Prophecy Events? in “Where are the Modern Day Josephs?”
Quoting from the Federal Reserve website. “The subprime mortgage crisis of 2007–10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices. Historically, potential homebuyers found it difficult to obtain mortgages if they had below average credit histories, provided small down payments or sought high-payment loans. Unless protected by government insurance, lenders often denied such mortgage requests. While some high-risk families could obtain small-sized mortgages backed by the Federal Housing Administration (FHA), others, facing limited credit options, rented. In that era, homeownership fluctuated around 65 percent, mortgage foreclosure rates were low, and home construction and house prices mainly reflected swings in mortgage interest rates and income.”
Subprime Mortgage Crisis
”The resulting demand bid up house prices, more so in areas where housing was in tight supply. This induced expectations of still more house price gains, further increasing housing demand and prices (Case, Shiller, and Thompson 2012). Investors purchasing private-label mortgage-backed securities (PMBS) profited at first because rising house prices protected them from losses. When high-risk mortgage borrowers could not make loan payments, they either sold their homes at a gain and paid off their mortgages, or borrowed more against higher market prices. Because such periods of rising home prices and expanded mortgage availability were relatively unprecedented, and new mortgage products’ longer-run sustainability was untested, the riskiness of PMBS may not have been well-understood. On a practical level, risk was “off the radar screen” because many gauges of mortgage loan quality available at the time were based on prime, rather than new, mortgage products.”
“When house prices peaked, mortgage refinancing and selling homes became less viable means of settling mortgage debt and mortgage loss rates began rising for lenders and investors. In April 2007, New Century Financial Corp., a leading subprime mortgage lender, filed for bankruptcy. Shortly thereafter, large numbers of PMBS and PMBS-backed securities were downgraded to high risk, and several subprime lenders closed. …”
The Federal Reserve Bank and Congress had to bailout banks, insurances companies, hedges funds, Wall Streets brokerage firms and others financial institutions around the world. Trillions of dollars were printed up out of thin air. However, this didn’t fully solve the problem.
Ten years later a bigger crisis arose with the CoVID-19 pandemic shutdowns and trillion of dollars being printed again to restart the economy. This resulted in a broken supply chain and record high inflation not seen in 40 years. Printing up trillions of dollars out of thin air always debases or devalues the money in circulation which is the primary reason why the prices of everything, gas, rent, etc., are going sky-high.
Debasing always leads to severe consequences for a nation. One of the reasons the Roman Empire collapsed was due to debasing its currency. This will also be one of the causes Mystery Babylon the Great falls.
______________
Yahweh Elohim gave Israel a law that forbade them from devaluing their money or coinage by debasing it with money less valued than gold and silver. The penalty was death.
Using the Law and the Prophets or the Old Testament, one of the first instances money failed was in Egypt with Joseph, being the governor. “And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread. (Gn. 47:15)”
Now dross silver is defined as follow
“Dross is defined as the mass of solid impurities floating on a molten metal. The dross has no value and it is often referred to as scum. The dross must be removed so that the molten metal is pure. I always thought the process was really cool.”
Dental Devotions: Removing the Dros
Some may ask how does money fail? Proverbs explain it plainly “Remove the dross from the silver, and out comes material for the silversmith; remove the wicked from the king’s presence, and his throne will be established through righteousness.” Prov. 25:4-5.
“22 Thy silver is become dross, thy wine mixed with water:” (Isa 1:22)
“18 Son of man, the house of Israel is to me become dross: all they are brass, and tin, and iron, and lead, in the midst of the furnace; they are even the dross of silver.” (Ezk. 22:18)
Silver has to be pure silver with no impurity. So dross silver has impurities and it is a form of debased silver. Zinc is some times used to replace the silver, as in all US dimes minted from 1965 to present which have no silver only zinc.
A silver dime, 90% silver, 1964 and back, is worth over $2.00
Now the Messiah fulfilled these impurities of silver in different manifestation. The gospel of Matthew describes it as follow .
“3 Then Judas, which had betrayed him, when he saw that he was condemned, repented himself, and brought again the thirty pieces of silver to the chief priests and elders, 4 Saying, I have sinned in that I have betrayed the innocent blood. And they said, What is that to us? see thou to that. 5 And he cast down the pieces of silver in the temple, and departed, and went and hanged himself. 6 And the chief priests took the silver pieces, and said, It is not lawful for to put them into the treasury, because it is the price of blood. 7 And they took counsel, and bought with them the potter's field, to bury strangers in. 8 Wherefore that field was called, The field of blood, unto this day. 9 Then was fulfilled that which was spoken by Jeremy the prophet, saying, And they took the thirty pieces of silver, the price of him that was valued, whom they of the children of Israel did value;” Matt. 27:3-9
Here the impurities of silver weren’t physical, but the impurities represented “blood money” that was cursed.
________________________
Below are some of the events that will led to the fall of dollar and the Mystery Babylon System. It’s right around the corner.
Rev. 18th chapter
Economist Whistleblower Who Predicted Covid Tyranny Breaks Down How to Fight the Next Lockdown
How Central Bank Cryptos May Implode the System
Time 00-7:41
Pain at the pump: Gas costs nearly $10 a gallon at this California station
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