Reaction To The Debate Between Dr. Tommy Ice And Alan Kurschner Titled: The Church Will Facsimile The AntiChrist Before The Rapture
For decades, I have asked fellow believers who hold the Pretribulational Rapture view to direct me to unequivocal Scripture verses that buttress their Pretrib belief. They all fail to give give any direct and pointed verses. They defend their view quoting unconnected Scriptures like imputing that the twenty and four elders before the Throne Of God in Rev.4:4 are the raptured Church. They also claim that the invitation to Apostle John, the revelator, to come up hither is the Rapture Of The Church. Yet again they say that the fact that the word “Church” does not appear again after Rev.3 until Rev.22 indicates that the church had been raptured; not withstanding the numerous use of words and phrases such as saints, witnesses to Jesus, martyrs for Jesus, fellow brothers of John after the third chapter. There are other verses they reference to input rapture before the AntiChrist’s physical bebut and unveiling at the rebuilt Third Jewish Temple on Moriah in Jerusalem. So I was pleased when I got the link to the debate on the eschatological timeline between Dr.Tommy Ice and Alan E. kurschner.
Link: click here to watch:
Click here to listen: http://link.center.io/wf/click?upn=xKsd1EbAQRQf6eXyF5mLYOgt3Zr1yu4wARb-2FzHcz58VPPHngD86dpHdaeUxFf6y93o0sL6CixnhLabQdoqRThLxLpP-2FNeFEBwBog5pDKnohbiXkrmdli6zYzj9CtI3gbPWRVi-2FPwHTo-2BJuKdYjqF6P37Ix-2F80GH7dqPAoPmBuPJ-2FqB2Dj3TtgNztTOQMIlih_87QjDsvgfD68-2FLwG96R5lTmrmnPBomJlbRck1K-2BOdsDa2ymXGT0PnQaDnoen3BaO610HwRUWRVU5-2B6IO3DR-2BcrjhS0ZXe1X0ufxBOe-2FVO8KtdiM4H5lP1wI3DIyKEsqym8CHdQT8h-2BcyAF9juuQf2sGpHH7rxWKkIx3wyGJund8a-2BcQitUMIw45dhBydBajoQjUH0pUvEL4-2BQoGe9wvIwd-2B7IxNpAVIPT9yUixtkmqOSHCyOEpcTh4hAE0Wxt4bJTqVD9zLvv93CtbfFLBQeOffwOwDofKTXHCBDoBaTP0SW-2F0jBq7ZpTBlqu-2FoRQJ-2BA
Click here for transcript: https://www.alankurschner.com/2018/04/12/the-transcript-of-my-2015-debate-with-thomas-ice-is-now-available/
Dr. Tommy Ice did expatiate the Pretrib Position much more than hitherto, while Alan Kurschner espoused the Prewrath Rapture Position better called Pre-God’s-wrath Rapture Position. As stated earlier I was more interested in Dr. Tommy Ice view. I kept an open mind, hoping and wishing to understand and appreciate the Pretrib view. At the end of it all, Dr. Tommy Ice reinforced my prewrath ( PW ) Rapture Position because he too was unable to give unequivocal and direct Scriptures that I might have missed.
I came to the understanding that the Church would go through the Great Tribulation and be raptured thereafter by simple Bible reading, not even serious Bible study. At that time I had no knowledge of the Prewrath Rapture position expounded by Marvin J. Rosenthal and Robert Van Kampen. And who am I in this regard? A simple believer with no fringes. Just a plain believer who read the Bible and came away with the understanding that a generation of believers would be around when the Antichrist debuts in the Temple.
I would now address and comment on Dr. Ice submissions. Let us refresh our minds on what the debate is on. It is whether the Church will face the AntiChrist before rapture or not. Alan E. Kurschner is for ( affirmative), whilst Dr. Ice is against ( negative ).
First, from the above, we see that the debate is about when the rapture occurs- an event in time relating to the AntiChrist. With no Scriptures to backup the absence of the Church during the short time of the AntiChrist on the world stage in bodily form, Dr. Ice chooses to tell us why the Church will be gone. He submits that the 70th week is appointed for Israel and not the Church. So, the Church cannot be on the scene in the 70th week. Jesus did not say that, neither did Peter, Paul or John the revelator, just a theological construct derived from Dispensationalism. My friend and brother Abraham Shallom has debunked this in his article, “The Prewrath Rapture Of The Church”: https://mtzionheritage.com/the-prewrath-rapture-of-the-church/.
To crown it all, Dr. Ice says “it makes sense.” Our view on the rapture should not depend on human sense but should rest on the validity of the Scriptures.
This mutual exclusivity of the Church and Israel in God’s scheme of things is strange. For most of the first century AD the Church was a sect within Judaism. From Jerusalem, it dispersed to the Gentile world ( Act.8:4 ). Israel was reestablished as an independent state in 1948. For the past 70 years, it has co-existed with the Church. And God has worked with both at the same time. By the pretrib’s submission, the Church should be gone. Israel is back in its native homeland. Jerusalem is in Jewish hands since 1967, and soon, the Third Temple would be rebuilt. God has never stopped relating with Israel during the Church Age. He ensured their survival all over the world. So this mutual exclusivity in the gap between the 69th and the 70th week is a human construct to suit the Pretrib view. There are no Scriptures to support it.
Now note, in Rev.12:17, we see Satan go at both Israel, the woman and Christians- those who hold firm to the witness of Christ in the face of Satan’s wrath. The reason for the rapture has been given by Jesus Himself. It is to rescue believers from total annihilation during the Great Tribulation.
Dr. Ice and Pretribbers assert that the Rapture is sudden with no events or “sign” to warn believers. Some assert it is secret and not seen by all especially unbelievers. This is not so. Paul in his letter to the Thessalonians says while the unbelievers outside of their fold will be caught by surprise, the Thesssalonians should not be caught unawares as he has shared with them these things ( 1 Thess.3:4 ). Paul went on to give two future events that must happen before the Rapture: The Apostasy and The appearance of the AntiChrist in the Temple. I am sure we are familiar with this in Paul’s second letter to the Thessalonians ( 2 Thess.2:3 ).
When the disciples confronted Jesus in Matt.24 and asked for a sign to herald his coming, Jesus did not respond and say, oh! oh! there would be no sign: it would be sudden. Rather Jesus gave us the Olivet Discourse, and He zeroed in on a specific sign- the Shekinah, “SIGN” Of His arrival ( 30 ). Of course before this time He has spoken of world events like the standing of the image of the Antichrist in the Temple ( 15 ), and the cosmic disturbances ( 29 ), culminating in His appearance in the sky, and gathering us to meet Him- definitely the Rapture as He does not step on Earth.
To defend their Pretribulational stance, Dr. Ice and other pretribbers say this gospel is only for the benefit of Israel and Jews. Tell me please, is the Gospel Of Matthew read in Jewish synagogues?
Both our Lord Jesus and the Holy Spirit through Paul use the symbolism of a pregnant woman to describe his second Coming which starts with the Rapture. Have the birth pains started? I don’t think so, but I believe I see a “pregnant woman” in our purview with recent events- Jerusalem’s status as the capital of Israel and moves to build the Third Temple.
I believe that as there is no joy of a new birth without birth pains, so also there is no joy of Rapture without the birth pangs of the Great Tribulation that follows the Antichrist’s debut in the Third Temple in Jerusalem. Yes, these are tumultuous times, but Jesus says we should “look up” as these terrible times unfold. Meanwhile, the unbelieving world who took the Mark Of The Beast, who worshipped Him, probably celebrated as Christians were being persecuted would run helter shelter as our Lord intervenes and cuts short the Great Tribulation by usual never seen before cosmic disturbances. Yes, there are clear events that show Christians will have to contend with the unveiled Antichrist for a short time. Remember these gospels are not read in the synagogues. So, they are not primarily for the unbelieving Jews. They are read in the churches.
Events in Rev.4 are well detailed, with the 24 elders, the 4 beasts, and the tens of thousands of worshipping angels. The raptured saints were not featured, not even in the worship scene. So, where is the Church? Definitely not in heaven. To be continued.
I am writing this missive as something of value I can bequeath to you since I will not be around for long anymore. ’Daddy’ as you know is not religious so quite interesting I am doing this. I am led to this because the pulpit of today do not teach it and your generation or your children m ight not get the message and wrong doctrine abounds especially about the TIME LINE of the rapture. What I am doing is what my paternal grandmother, Mama Ibidun did. She introduced me to eschatology though I knew not then. One of the m emories is her telling us about Satan being cast out of heaven like a stone. She actually said I think, that God’s intention was to throw him like a stone into the bottomless pit but in his anger, overfllung him and he found himself lobbed on earth. She seemed to be conversant with the book of Revelations.
Since I believed and started to know Jesus thereabout 1987/88, I have been kept by God in events leading to the End of Time or End of the Church age. When we read the book of Revelations, from Chapter 17, we found three convergence of happenings on:
.Financial commerce and Economic Convergence to One World Financial System
.Political Convergence One World Government
The very first two, financial and political convergence have come a long way since Jesus revealed this to us over 2000 years ago. Politically we have the United Nations and other Continental blocks especially the European Union. The book tells of alliances of between 7-10 kings coming together, what do we have today? G7, G8, G20; UN Security Council of 5 seeking expansion to 8 or 10. Yes, alliances were formed between kings in the past but they were local or r e gional not continental or global. Also, they were usually amongst 5 or less kings but 10 kings? Don’t believe anyone who says this formation of alliances have always been the way of politics. This is different. It is global and between numerous Kings- 10 Head of States, Presidents.
Financial Convergence: This I have discussed with you more often. I have also shared some writings with you. Remember? I wrote about the evolution and history of Money ( Money was never part of God’s creation) and the future of Money leading to the ”marking” of those who want to pledge allegiance to the Anti-Christ. Meaning “Who is YOUR Master”- see the article, “Master Master.” https://mtzionheritage.com/702-2/
Recent development of the National Identity Number (NIN) that reduces all Nigerians to numbers making names even photographs for ID redundant (see article Satan’s Number is Up): https://mtzionheritage.com/Satan’s-number-is-up/. With this ,the infrastructure to capture all humans and hold them captive is in place. The rest is easy- just open account number for them with this number and just credit the ”poor” or ”needy” account with fiat money every week. This is the norm in developed countries. India is at it. Nigeria has started with APC Social Intervention Scheme.
What is left is the Religious Convergence and when you see it , know that Jesus return is near. The Anti-Christ is out there and I think he has been born . Jesus said no one knows the hour or day but the signs and events of his coming you can decipher. So I decipher he has been born. What remains is his being UNVEILED! The spirit of the Anti Christ has been in the world since the f all in the garden of Eden. He could be around in flesh and then his being REVEALED to the world. Where would this happen ? In a temple of course ( Daniel 9:27, 2 Thessalonians 2:4, Matthew 24:15 ). For someone who craves worship as the god this current world he needs a Temple. Enter the third Temple in Jerusalem, Enter Jerusalem in scheme of things, enter Trump’s recognition of Jerusalem as Israel Capital. How will this temple be built with so much animosity in the Middle East ? So much hatred between Arab and Jews, Muslims and Christians. The Anti Christ is wise as regards things of the undelivered man. He knows money meets the lust of the eyes, of the flesh and the PRIDE OF LIFE.
Most religionist love money and need it. So a case of prosperity will be made to Arabs, Jews and others that the new temple will bring prosperity to the Palestine. That Christians in their millions will make pilgrimages to the t emple es pecially at the times of Jewish Festival, especially the Passover. Another ”Mecca” to mirror the eminently profitable Hajj to Mecca. This will buy over the Arabs, Palestinians and they will come round and sign peace with Israel. So the Jews will think they are getting their te mple not knowing they are building t he temple for the enemy of God, the Anti-Christ (god this world). That is why Eastern Religion of many gods is not relevant. Satan has to do his stunts in the only ”One God” place to assuage his pride. Oh yes, Satan wanted to be a God, he wants worship by living creatures and he needs a temple. In fact, all humans would be mandated to make a pilgrimage there in their lifetime.
When you see these things, flee from the world system, flee into the forest, away from civilisation. As Jesus Instructed believers to flee from Jerusalem also flee to nature. Before this, please don’t take anything on your body to operate in the world. This is The Sin that leads to death! Eternal damnation.
And what to do with this message? As Jesus said when you see these things, know the end is nigh. So when you see happenings in the Middle Eat like the signing of Peace between Israel and Palestinians , sponsored by a person leading a Coalition of Nations (Iran Peace Deal is a precurs or) know that the Rapture is nigh. It becomes more evident when a t hird Jewish Temple is to be built likely in the peace deal. This Religious convergence is the culmination of the Political and the Financial one. Technology is trapping and bonding us to the world. Please, start learning to live without technology. Do not go completely cashless until cash seizes t o be legal tender. Before then, st art learning how t o live off nature. The Great tribulation is or for just a maximum of two years. Jesus said the great tribulation will be short because of the elect. So let us start preparations first in mind on how to live out of the world system and live off nature.
SATAN’S NUMBER IS UP.
Gradually prophecies in the book of Revelation are being fulfilled. I received a post informing me that the Nigerian National Identification is shifting from card based identification to “an Advanced NUMBER Based Identity System.” Reading on you discover that everyone is to be reduced to a number and your name is no more what identifies you. Is this development innocuous? No. This development is from the stable of Satan. Period. How? Looking through the Bible one discovers a distinction between the kingdom of light and kingdom of darkness. The kingdom of light gave us names not numbers. God so abhors numbers that David numbering the nation of Israel (census) drew the wrath of God ( 2 Sam.24:1-25 ).
The Lambs book of life has names in it not numbers. Scriptures describes raptured saints – “which no one can NUMBER.” ( Rev.7:9 & ff). What do we know about Satan? He numbers his own. His Beast has a number ( Rev.13:18 ), and he is ready to number those who are his own. Is receiving this number optional? Can one reject it? Can one refuse it and insist that your driver’s license or passport is good enough? With passage of time and as indicated in the post NIN ( National Identification Number ), and BVN ( Bank Verification Number ) are to be linked with the banks with active support of CBN ( Central Bank of Nigeria ). So sooner or later banks will be demanding all their customers bring their NIN or close account. Will this request for NIN be just for new accounts? I guess not. Prophecy will be fulfilled.
In the past an ID card though has a number links your picture with your name. now your image is linked not with your name but with a number. Yes the bible says the antichrist will require people to have the number on their body ( Rev.13:16-18 ). The technology is available and is known as Radio Frequency Identification. Google ( RFID ). However do we have to wait for this requirement before we believers begin a survival plan? Note how these things are foisted on us. You register your phone numbers, you register your bank accounts, you are given a bank verification number ( BVN ), and now this new one, NIN.
However, the church in Nigeria have not thought it fit to sensitize its members. Do we need to wait for the last straw before survival plans are made to survive the one to two years of the great tribulation?
Countries like India, Nigeria and indeed Africa are coming late to numbers replacing names to define and identify peoples. In the rich OECD countries, numbers, be it welfare numbers, social security numbers or driver’s license have long been used to plug in peoples into the financial system or initiate any transaction with government bureaucracy. ( Note: I might not be on solid grounds here as I do not reside in these advanced countries ). However, I gather that Christian believers raised issues with identification with numbers when such social welfare numbers were introduced in the US. The authorities then promised this would not be, alas these were empty promises because these numbers now identify US citizens and maybe so all across OECD countries. Now it is Radio Frequency Identification ( RFID ) for US citizens in Obamacare . Just as the whimper went out of the protest against the use of social welfare numbers for financial identification so would RFID become mandatory rather than voluntary.
Another historical antecedent is the numbering of holocaust victims by an earlier figure of the antichrist – aka Hitler. Then it was Jews being branded, but now it will be citizens of the world. [ So Jesus said love not the world ( 1 Jon.2:15-20 ) ]. When the antiMessiah arrives on the world scene we can see him getting real angry when believers say no to numbering.
A global conflict is coming. On one side will be the globalists with good intentions of wiping out poverty and on the other side Christians who believe and take Jesus at his words. These Christians would find it hard to explain how a scheme to provide everyone with $2 a day or food stamps is devilish. But the road to hell is paved with good intentions. God bless the person who coined this adage because I find it hard to explain my opposition to numbering, save that my Master Jesus abhors it and warns me against it.
Author: Adedamola Olugbenga Jaiyesimi.
In a secular article titled “Emancipate yourself from Mental slavery,” I traced Africa’s problem to our slavish past and slavish mindset. To highlight the problem I compared the progress in North America and US known as the land of the free and leader of the free world with the stagnation in Africa, more so after the American civil war to free enslaved peoples. The Spirit then laid it on me that it is deeper than being secular.
Scriptural verses on this started coming up. For example, the Son frees us indeed ( Jon.8:32,36 ).Peter a “bondservant” of Jesus ( 2 Pet.1:1 ). Onesimus and Philemon ( Phil.1.10). Paul on many occasions called himself a slave of Christ ( Phil.1:1;Tit.1:1 2 Pet.1:1 ).
Some say the Bible is a story of good and evil contesting for supremacy. It is also a battle of where lies our allegiance. Who is our master ?
In retrospect, we see that the bible did not couch slavery in moral terms of good and bad. However, enslaved peoples were encouraged to gain their freedom. Slavery existed in other climes like in Russia, where there was serfdom. Slavery existed for long in China and all over Asia. These have been downplayed leaving us to think slavery is solely an African phenomenon. Slavery and its concept is obviously a consequence of the fall of Adam with Satan becoming the number one slave master. Pharaoh, Antipas, Nebuchadnezzar Caessar were his foremen. Then Christ came to pay the price for the fall and free man from the scourge of slavery. If the son sets you free, then indeed you are free ( Jon.8:32 ).
Satan again, surreptiously, attempts to reverse this freedom on at least two fronts.
1) Counter Religion, specifically Islam. No wonder they call themselves slaves of Allah slaves they are indeed.
2) Then the interface of money in commerce. By this Satan is gradually re-enslaving mankind with money binding us to commerce and then the branding with his Mark ( Rev.13:11-18 ). So if Religion doesn’t get one ( atheist et al ) then commerce would. No wonder Jesus also said you can’t serve two masters ( Luk.16:13 ). A slave must have a master and can’t serve two masters. There is no place for double mindedness.
SUMMARY OF SPIRITUAL HISTORY
The First Fall
There was and is one master in the heavenlies until one of his “favored” creatures, Lucifer, thought in his heart he could do a better job than Yahweh ( Isa.14; Ezek.28 ). He rebelled and was able to win the loyalty of fallen angels ( Rev.12:4 ). The manifestation of this First Fall was in heaven. I beheld Satan fall like a star ( Jon.14:18 ). God then created the earth and then Man to whom he gave dominion and the Title deed of the earth. This prototype man Adam, created a shade lower than Elohim ( Ps.8:5 ), was to eventually see Satan off, ending his rebellion. After all, why would Yahweh condescend and stoop to confront Satan? The Son of Man did just that! So he made man lower than Elohim and the seed of the woman will bruise Satan’s head while Son of Man will deliver the final blow.
Despite this, a lot of focus remains on the second fall, Sin. The resolution of which can be viewed as having treated the symptoms of an underlying disease or problem.
A QUESTION offer ALLEGIANCE
What draws our heart? Satan was able to draw a third of angels to war against Yahweh in the angelic rebellion. Could the same thoughts beguiling Satan have been in them making them susceptible to rebellion?
Per chance the same heart remains in believers after redemption. Has the heart question of allegiance been resolved in a believer? Yes. Only by grace but a time of testing is coming to the world that leads to many believers falling away in the great Apostasy ( 2 Thess 2:3 ).
Why shoul this be ? We believe in our heart and confess that Jesus is our Saviour and Master, and we are Born again. However, Satan and worldly attractions assail our hearts to dislodge our loyalty to Jesus. A lot of importance is placed on our heart position beyond our confession. Jesus alluded to this when He said, ” people call me Master, Master but their hearts are far away from me.” ( Luk.6:46 ).
We see Satan being let loose after a thousand years in the abyss ( Rev.20: 7-10 ). Why was he let loose again ? What is the unfinished business? Why not straight to hell fire with the beast and false prophets upon his capture after the battle of Armageddon.How was Satan able to find peoples and nations to deceive after millennial rule by our lord.
Oh Man, guard your heart ( Prov.4:23 ). Don’t allow the allurement of Satan, money, possessions it buys and satisfaction it gives to draw the heart. That is the source and reason for the statement, “love of money is the root of all evil” ( 2 Tim.6:10 ). It was given to us for us to guard our hearts, for us to uproot weeds and tend our hearts to prevent the deceitfulness of much money. It was never given to negate the basic unrighteousness of money. If a believer sticks to the former (love of money being the root of all evil) he will be deceived by Satan to participate in world commerce not understanding the implications and at his own peril – gaining the world and losing his soul ( Mk.8:36; Rev.13:17 ). Even unbelievers who follow the evolution of finance, commerce and money have concluded that it is enslaving the whole world (see YouTube: https://youtu.be/iFDe5kUUyT0 ) thus affirming various statements by our master. We, to which this testation was revealed over 2000 years ago are being enslaved by money as flies that dropped into honey and can’t get out . You need to read articles on evolution of money and future of money ( https://mtzionheritage.com.
Yes, Jesus and through his disciples handled money but what happened to the treasurer ? ( Jon.12:6; Matt.26:14,15; Acts 1:18 ). Also note that in the old dispensation, Tithes and Offerings were from nature, not ever money as in the present. Note that money was changed in the temple to repurchase and offer sacrifices to God, never money ( Deut.14:22-29 ). Treasury Box into which the widow put her mite ( Mk.12:42; Luk.21:2 ) ? This does not negate my submission – might be human tradition mixing with early requirements of God.
When God was with us on earth, he, though raised a carpenter, there is no record of him participating in commerce especially after his temptation in the desert. So he could tell Satan nothing of his was in him ( Jon.14:30 ). When he was required to pay tax, he didn’t use coins from commerce with Satan’s Foreman’s image on it. He went into his creation, the seas and a fish delivered the required gold to pay the taxes ( Matt.17:24-27 ).This same ‘money’ was going to hit back in my Lord’s betrayal ( Matt.26:14-16 ). No wonder Jesus despised money because it acts as a glue that binds one to the prince of this world through commerce.
Talk of being in bondage. Government “bonds” are sold to create money making money a debt and an enslaver.Money has also evolved with the passage of time to become a necessity of life, just like the air we breath.It is as important as water to a vast horde of humanity. Thus the evolution of money continues and with time it’s real essence will be revealed.
Author: Gbenga Jaiyesimi ( Bondslave)
Why bondslave ? There is a scripture in the old testament that allows a freed slave to renounce his freedom and forever remain with his master. He indicates this by having his ear pierced with an aul ( Exod.21:1-6 ). Yes Jesus set us free but wisdom will tell us to revert to bondslave status to Jesus.This affords some protection against the snares of Satan.
The Monetary System Of The World
A fundamental change has come upon the world. After the air we breathe, money has become the next necessity of life. Homo economics, successor to Homo sapiens needs money to acquire water and food. Money answereth all things( Eccl.10:19). This new necessity of life is least understood by people, especially followers of Jesus Christ. The Lord had alluded to this new reality when He said you cannot serve two masters( Matt.6:24;Luke 16:9,11,13).
In God’s economy, all necessities are given freely, abundantly and graciously. However, as history progresses, the Antichrist( AC) heading the world system and world governance would award money “graciously” only to those who accept him.
Putting money under strict scrutiny would start to spring up surprises of the true nature of money. Some facts, money is a debt in its entirety. And who is given out this debt to enslave? If you think you own the money in your bank account, think again. Your central bank controls how you access it. Also there is not one type of money. You have M0, M1, M2, M3, which represent from coins and notes in circulation to high finance of shares and derivatives- ingenious ways of creating money out of nothing. Money is really a worthless store of values and wealth. Why? It is backed up by intangible thing called trust- human trust that can waver. Valuable money can turn worthless just like that.
Money is still evolving as we read/speak and not only governmental authorities issue money as credit. The bulk of money in circulation is issued or created by private banks. We can see that there is more to money. It is mysterious even spiritual- something out of nothing. It is enslaving rather than liberating as we think. As we accumulate more to ourselves, it ensnares us. Finally, it is going to determine where some will be in eternity( Rev.18).
If money is a stumbling block into heaven, should we followers of Christ handle it without full knowledge of what we are dealing with? Is money so neutral, with no life of its own or is it evil in itself? To answer this question, we need to go into the story of money, it’s history, evolution and the future of money, particularly the future of money.
In my earlier statement I said the Antichrist would graciously award money even as welfare handouts to the poor. More importantly, he would take over, confiscate and withhold money from those who do take the mark on their right hands or foreheads( Rev.13:16-18).
Also recent happening in Geece buttress the point that you do not own the money in your bank account. The Greek government confiscated large percentages of depositors money during their ongoing financial crisis. Policies have been put in place by world central banks to do the same when the next financial crises happen on us. Now to the story of money.
The Story Of Money In Africa.
Money- coins, bank notes, cash-collectively called currency, is less than 150 years old in present day Nigeria. Probably introduced by European trading partners led by the Portuguese, between the scramble for Africa and the actual colonization. How did the Royal Niger Company conduct its business?
We know that First Bank opened shop in 1894 as British Bank of West Africa, thus formalizing the use of coins. However there was the Trans-Saharan trade preceding the coming of the Europeans. Sokoto and Kano were the southernmost termini of the caravans. What was the medium of exchange between the inhabitants of Kano and the Arabs or Tuaregs or Berbers as the case may be. Suffice it to say that cowries, bangles etc were means of exchange before coinage. On record is the use of 700,000 pieces of cowries by British traders to purchase farmland in Lokoja around 1841.
It is interesting to note that Africa had also influenced world currency when Mansa Musa of Mali kingdom went on a pilgrimage to Mecca laden with gold. Gold became commonplace in the Mediterranean, Arabia and Southern Europe depressing its value for decades, and devaluating coins in circulation in these places. Mansa Musa opened the door for the plunder of Africa by this singular act, as he brought attention to the resources in Africa available for plunder to this day.
While Europeans were conducting their trade in Africa by barter, coinage was the choice of mediating trade within Europe. The first step of the present monetary system was taken in Greece around 600 BC with the introduction of the earliest coins. Coins were also in use in China and Asia as early as 500 BC.
Gold, silver and bronze were converted to coins by the ruling emperors and kings, and imposed as means of exchange and Payment of taxes into state or royal coffers. Manipulating coins by using gold alloys was soon introduced to yield more revenue into state and royal coffers. This practice is called seigniorage: that is an ounce of gold coin contains less than an ounce of gold. This finally culminated in Bretton Woods agreement of 1971 where the gold standard was removed from the world monetary system. For centuries the World monetary system was linked to gold and some other precious metal like silver. In 1971 this linkage to gold was broken and the World monetary system floated away from God’s physical creation like a ballon into the stratosphere waiting to bust.
Paper money, notes, evolved after coinage. It is thought to have appeared first in China as promissory notes given by goldsmiths who stored gold for the larger community. These notes would be transferred to a third party or exchanged for goods or merchandise as time went on.
Banks evolved later in the Italian city of Venice, Florence. Remember Shyllock of merchant of Venice. These institutions started off as money changers as many coins from different city states were in circulation. These private financial institutions became strong, and financed and lent to the kings and emperors of that age to pay their solders and go to war. Banking under the purview of governments is a later development. The Bank of England, the British Central Bank came into existence in 1694, while the American Centra Bank, the Federal Reserve System in 1913. It is strongly alleged that the U.S. Federal Reserve is owned by a group of people and not by the U.S. Government. Lending to finance governance and governments persists till today. Indeed borrowing seems to be their choice of finance with Japan leading the pack.
Japan’s debt in excess of 200% of its GDP must be around 10trillion USD. The US debt is past 16 trillion USD or 110% of US GDP. Not only are governments heavily indebted, so also are corporations, banks, and now the citizenries of these countries. They live on debts and are therefore enslaved by these debts to unseen financiers, the precursors of the Antichrist( A/C).