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11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
11/20/2024 - A few days ago, America’s war against Russia (and the Russian people as a whole) escalated t... Read More
11/19/2024 - Empires have now been replaced by hegemons, largely because nations no longer want to give the app... Read More
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View Full Tract ListEconomic sanctions used to be effective, because world trade was being done in US dollars via the electronic banking system. Sanctions meant that a nation would be frozen out of electronic banking, so they could not make payments or get paid electronically.
But in recent years, many nations are now tired of the US government using its position as the issuer of the "world currency" as a means of controlling other nations and imposing its will upon them.
This is a big reason why China and other countries are setting up their own direct trade, bypassing the US dollar, and trading in their own currencies. For instance, Turkey is trading gold for oil, rather than in dollars.
http://freebeacon.com/gold-for-oil/
Not long ago, Iran made a similar pact with India.
It appears that this is one of the ways that Persia (Iran) is overthrowing Babylon in our time. In the end, it will make no difference if someone bombs Iran or not. The consequences of US policy are already being seen in world trade, and the two really big economies of China and India are moving toward a new system that dethrones the US dollar.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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