Bible Studies
Written by Jim Jordal   
Sunday, 01 July 2012


By Jim Jordal

After these things I saw another angel coming down from heaven, having great authority, and the earth was illuminated with his glory. And he cried mightily with a loud voice, saying, "Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird! For all the nations have drunk from the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury." And I heard another voice from heaven saying, "Come out of her, my people, lest you share in her sins, and lest you receive of her plagues. For her sins have reached to heaven, and God has remembered her iniquities."

Rev. 18:1-5, NKJV

One of the biggest "giants" creating fear today is the financial giant of debt, economic collapse, rapid inflation, and worldwide destitution. The earth’s lower socio-economic groups have already experienced the giant of desperate poverty and its ensuing hopelessness, but billions of other more affluent people live in constant fear that somehow they will fall victim to the same curse.

The threat of financial failure and world economic collapse is real. Read the more or less constant reports concerning the staggering European economies in Portugal, Ireland, Italy, Greece and Spain (PIIGS). Right now Greece seems in the worst shape, but desperate bailouts from the European Economic Community and the International Monetary Fund (IMF) will probably arrest their slide into insolvency and default, at least for now. But when the entire world financial system is nothing but a computer-driven, debt-based House of Cards, what will be next?

The existing world commercial industrial system cannot be healed, but only patched up enough to drunkenly continue on its destructive path. It cannot be healed in total because its very nature is anathema to God, and always has been dating back to the Babylon of 30 centuries ago. God hates it because of its foundational sin of exalting money and power over human welfare. Because of this fatal flaw it has oppressed and crushed people beneath mountains of debt accompanied by unfathomed cruelty in the collection of usury or interest. It ranks gold at the top of its list of valued commodities and human souls at the bottom, so how can a God interested in justice and deliverance from oppression allow it to continue as his earthly kingdom draws near?

The prophet Jeremiah decried the evils of the oppressive Babylonian system of his time (symbolic of the Babylon today), as he commented: " Babylon is suddenly fallen and destroyed: wail for her; take balm for her pain, if so be she may be healed.  We would have healed Babylon, but she is not healed: forsake her, and let us go everyone into his own country; for her judgment reaches to heaven, and is lifted up even to the skies (Jer. 51:8-9

If the commercial financial system that now surrounds and oppresses us is doomed, what are we to do? If we wish to live we must participate to some degree in the system. But we do not have to allow the system to control our every thought and desire. We do not have to sell our souls to it. And it does not have to be our reason for living.

You also can "come out of her" whenever possible. The most recent recession may yet prove to be a blessing in disguise as it motivates increasing numbers of people to assume control of their own finances and economic health. Witness the astounding growth over the past few years in the number of people and families avoiding unnecessary debt, starting their own businesses, participating in the underground economy of food shelves and thrift stores, raising more of their own food, cutting excessive consumption of unnecessary goods, and abandoning automobile-based patterns of settlement.

God promises deliverance to those who trust him. It is the unscriptural system that is sinking, not the people whom God promised to deliver. Remember this when you get discouraged and angry at what you see—it’s only temporary.

Scripture taken from the New King James Version, copyright 1978, 1980, 1982 by Thomas Nelson, Inc. Used by permission. All rights reserved.