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Posts Tagged ‘petro dollar’

A great commentary by Terry at Rapture Ready’s – Nearing Midnight section.

It is an amazing assessment of what is happening to us, as a nation, as a people… the worlds last great hope?

More stage setting for what is about to come upon this planet…we are indeed nearing midnight.

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Apr 2, 2012

Catalyst for End-Times Catastrophe

Mark Stein, substituting for radio talk show host Rush Limbaugh, was asked by a caller to the program on Friday, March 23, something like the following: “What do you think is China’s reason for building their military at such a rapid rate? Is it because they think they need to prepare to defend their interests against an attack? Or is it because they intend to attack others in a first strike at some point in the future?”

The British-accented political pundit said he personally senses that China is trying to bankrupt the American economy in much the same way the U.S.–under Ronald Reagan’s presidency—caused the Soviet economy to implode. The twist, Stein implied, is that China is accomplishing the bankrupting process through the debt owed China by this nation. Fully 80 percent of China’s military buildup, he believes, has been funded to this point by the interest on the debt America owes the Chinese communist government.

I have pointed out in this column before that students of Bible prophecy have long wondered about the 200-million-troop army, described as the “kings of the east” in the Revelation 9: 5-16 and 16:12 prophecy. In context of the modern red Chinese army, it has been a longstanding question: How could such a force be outfitted, given China’s weak economic position?

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