This week, India purchased 200 tons of gold from the International Monetary Fund—even though gold was selling at a near all-time high. This transaction was worth almost US$7 billion. Economists expect China to follow suit in the very near future as it works to convert some of its US$2 trillion of foreign currency reserves into a safer source. All of this translates into declining confidence in the U.S. dollar and its continued decline in value on the world stage (MSN.com, November 3, 2009).

The “greenback” (U.S. dollar) and British pound were once the coveted currencies of the world, but as these and other Israelite-descended nations move further afield from God’s way, these currencies are approaching the value of “just” the paper that they are printed on.

God encouraged the Israelite nations long ago, that if they would be obedient to Him, they would be the head and the nations of the world would be the tail—they would be the lenders and the rest of the nations would be the borrowers (Deuteronomy 28:12-14). Now the pendulum is swinging in the opposite direction, as these nations, once somewhat obedient to God, are running head-long in disobedience.