Bible Studies
WHAT'S IN A NAME? PDF Print E-mail
Written by Jim Jordal   
Wednesday, 29 August 2012


By Jim Jordal

Last week I wrote about the domination system now attempting to gain enough control to use the machinery of government and economic institutions and structures of this nation as instruments for transferring wealth upward. We also considered a bit of what God says about this system. Today, we’ll look more closely at some of the names given by Scripture and how they apply to the present global corporate financial domination system known as Babylon.

Jeremiah 50:23 labels it "the hammer of the whole earth." What phrase could more accurately describe what the system does to individual people, families, cities, institutions, nations, animal life, and the physical world itself? It is pounding justice, righteousness, mercy, decency, true love, and most other valuable human attributes into powder while it exalts greed, power, self-concern, falsehood, violence and other human failings as desired values. Predatory global capitalism is an example of this hammering of the earth.

This hammering process can be found in the behavior of global oil giants now engaged in seeking oil in developing nations. Extracting oil in the desert is one thing, but in wet, hot, isolated rain forest it’s something else. According to an Environmental News Service report dated August 6, 2012, the oil giant ChevronTexaco has been ordered to pay a $16 billion judgment to Ecuador for its egregious behavior in dumping over 16 billion gallons of toxic waste over a period of 20 years into the rain forest that provides a home for several indigenous tribes. In a court case lasting 19 years so far, Chevron claims that it, not the people of Ecuador, is the victim of propaganda and untruths and that the oil waste is harmless. But Chevron feared losing the case so much that it sold almost all its facilities in Ecuador, leaving only about $200 million in assets to settle a judgment of $16 billion. This certainly sounds as if Chevron is "hammering the earth."

Isaiah 14:5 stamps the Babylonian system as "the scepter of the rulers." The scepter was a rod held by rulers to represent their power and authority over the people and territory of their domain. Thus the Babylonian domination system not only represented the absolute power of rulers over their people, but also allowed and legitimated it. It was so widely recognized, accepted, and feared---like the scepter---that it literally bestowed its power upon the ruler. Today the Babylonian system and its control of money and commerce is much more than a symbol of power, it is the power by which dominators rule.

In similar manner Psalm 125:3 charges it with being "the scepter of wickedness." Today’s monetary and commercial domination system is the power source of wickedness in most of its numerous manifestations. The apostle Paul knew of this evil power when he famously said "But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith content. But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil" (I Tim. 6:6-10a, KJV).

No truer statement has ever been made. Consider the present worldwide struggles over political and economic power. Isn’t love of money (and the power it will buy) the chief motivator behind this chaos? Isn’t most of the wickedness so evident in this world closely related to a love of money? And doesn’t this titanic struggle over money and power carry over into the lives and futures of most of the world’s people?

Giant investment banks that were "too big to fail" like JP Morgan Chase and Goldman Sachs almost trashed the world economy several years ago but have almost miraculously escaped accountability for their egregious acts. They are now richer and more powerful than ever. Why haven’t they been brought before the bar of justice? Because they are the scepter of wickedness that no political power or party dares to move against. Why did President Obama appoint two of their leaders (Lawrence Summers and Timothy Geithner) to the most powerful economic positions in his inner circle? Could it be that he knew his entire political future depended on including financial insiders friendly to Wall Street in his future economic deliberations? I think so.

You can’t stop this worldwide machine of domination. What you can do is cease being an apologist for their schemes and pray that God will soon intervene. More next week.