| No, the allegorist and covenant guys will not read and weep! They hate dispensationalists so much, and also they despise the idea that God will restore his salvation work again with the Jewish people.|
A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar to be faded out as the leading world currency.
Currency specialist Avinash Persaud, a member of the panel of experts told a Reuters Funds Summit in Luxembourg that the proposal was to create something like the old ECU, or European Currency Unit. This will put Europe in the lead as the dominant power in the world financially. This is what the Bible teaches when read in a literal sense. It is a step toward the revival of Europe, setting up for the days of the tribulation. Poor dispensationalists have been teaching this for generations and now what we've said all along is coming to pass.
But the covenant guys are so set in their allegorical ways, ignoring passages of Scripture, that when taken literally, point to happenings just as dispensationalists have always taught, from a literal view of prophecy.
Also, the story comes just a day after the Moscow Times reported that Russian leaders are coming to the G20 summit of world leaders in London on April 2nd prepared to call for moving to a new single common currency!
The "Euro" is the model many are looking to, in part because 20% of the world's foreign exchange reserves are already held in euros. This all could be a precursor to what the Bible indicates would be a cashless society, worldwide! "And he [the antichrist] causes all, the small and the great, and the rich and the poor, and the free men and slaves, to be given a mark on their right hand or on their forehead, and he provides that no one can buy or to sell, except the one who has the mark, either the name of the beast or the number of his name" (Rev. 13:16-17). -- Reported by Joel Rosenberg