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September 2015 Prophetic Observer

For a printable version, click here.

Ides of October: The End Game

by Bob Glaze 

dollars and yuanIf you are reading this newsletter it means that you have survived all the forebodings of the “Ides of September.” You should now know what—if anything—happened during that month. However, beware things could be in motion that are not noticeable on the surface. For instance, your drinking water may be full of bacteria, but you can’t see it working. Although the “Ides of October” officially arrives on the fifteenth, evil will certainly be in full motion for the arrival of the date in question, October 20. 

The Tribulation economy is now in full motion and ready to spring upon those unfortunate souls who inhabit the earth during that seven-year period. Satan is preparing the third seal to be revealed, “And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.” (Rev. 6:5–6) 

Before reading any of the financial news concerning all of the convoluted hodgepodge reported in the world of money, please read Philippians 4:6, “Be careful for nothing; but in everything by prayer and supplication with thanksgiving let your requests be made known unto God.” In other words, don’t be anxious or worried about things you have no control over, especially fulfillment of prophecy. 

We know that our time is short and the world is fast approaching the end game. An article entitled, “Doomsday clock for global market crash strikes one minute to midnight as central banks lose control” ( paints a somber picture of the world’s leading central banks, of which ours is the Federal Reserve. (It seems that all major powers have their own version of the Federal Reserve Bank.) 

The article continues, “When the banking crisis crippled global markets seven years ago, central banks stepped in as lenders of last resort. Time is now running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.” 

They may have backed Obama believing that his leadership and pervasive powers might put them completely into the driver’s seat. Now Obama is in the same wagon with them and the horses are running wild. “Criticism has been swift and severe. “Obama’s given up entirely on our U.S. economy after single-handedly destroying it”, said Rep. Kevin Brady (R-TX 8th District), Chairman of the Congressional Joint International Economic Commerce Committee” ( This same report states that their sources report “Barack Obama has ordered the Federal Reserve to adopt the euro beginning Oct. 15, 2015” (the day designated as the Ides of October). 

It is now noted that a U.S. dollar substitute will go public on October 20, 2015. According to financial experts at Stansberry & Associates Investment Research, L.L.C., the Chinese yuan will be added to the reserve currencies now listed with the U.S. dollar, the Japanese yen, British pound, and the euro. The yuan could then be recognized as a legal currency to carry on world trade by buying SDRs (Special Drawing Rights) whose value is determined daily by the IMF. Stansberry expert, Dr. Steve Sjuggerud says, “If you own any U.S. assets—and that includes stocks, bonds, real estate, or just cash in the bank account—you should be aware of what’s about to happen, and know how to prepare.” 

China is also trying to enlist Canada to help with yuan domination of the U.S. dollar. An article entitled, “Yuan Enlists Canada to Challenge World Domination of the U.S. Dollar,” describes the sinister attempt to undermine the U.S. dollar. “China now has an outpost in America’s backyard to challenge the U.S. dollar’s dominance in global finance, enlisting Canada in its campaign to help put the yuan among the ranks of the world’s reserve currencies. That outpost is in Toronto. “Canada plans to profit on that ambition by facilitating yuan use beyond its own borders, across the continent.” 

The article then adds, “Firstly, we can serve our Canadian clients, then next step our neighbors, including the U.S., Mexico, even the countries in South America” (Bloomberg). 

However, the Chinese know that the United States, as a whole, cannot and will not accept the situation that China is attempting a coup to destroy the dollar by enlisting our neighbors and some fair weather friends. “In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China’s call for a global alternative to the U.S. dollar’s role as the international reserve currency. ‘Everybody agrees also that the present world reserve currency, the dollar, is there and will continue to be there for a long period of time,” EU Commissioner Joaquin Almunia said Tuesday after a meeting of the European Commission’”(USA Today). 

The fact that may determine the yuan victory over the dollar is the gold factor. China is the largest buyer of gold bullion and gold mines. According to Bloomberg, China accumulated $2.2 billion in 2013 alone. That is equivalent to 46 metric tons of physical gold. Counting the amount of gold in their unmined land it has purchased, it could amount to 5,000 metric tons—and that represents only one year. 

Again according to Bloomberg, “It’s been rumored that China may disclose those gold holdings ahead of the IMF’s decision this October in an effort to prove to the world that their currency is not only worthy of admission into the SDR basket, but that it is more trustworthy than the U.S. dollar.” 

The United States cannot compete with China based solely on the reserve of gold. It must rely on its friends in Europe. However, Europe may not be willing to trust Obama to keep his word and return the favor. His track record is dismal at best, because they can see that if he is eager and willing to sell out his own nation then who can trust him. With only a token amount of gold to back up our dollar, will other nations trust us to cover our debts? 

In 1960, the United States held only $19.4 billion in gold reserves. However, this was enough to cover the $18.7 billion in outstanding foreign dollars. By 1970, the United States held only $14.5 billion against foreign dollar holdings of $45.7 billion. “On August 15, 1971, President Nixon changed the dollar/gold relationship to $38 per ounce, but no longer allowed the Fed to redeem dollars with gold. That made the gold standard essentially meaningless, since it was on paper only” ( 

China has been using the imbalance of trade to store yuans for some time and using this to their advantage to buy gold with money we spend on products marked “made in China.” This happened once before prior to World War II. We sold scrap metal to Japan and they shot it back to us in the form of bullets and bombs. 

The Chinese are playing both ends against the middle. With the United States owing $1.5 trillion in loans to China, the Chinese are hedging against losses by uniting with other nations to destroy the United States dollar. There is another group of the big players called the BRICS that have united against the dollar. The BRICS are made up of Brazil, Russia, India, China, and South Africa. 

The purpose of this article is to inform; that’s the mission of a Watchman. This message should not alarm or frighten, but instead remind us of the closeness of the end and to prepare ourselves and our loved ones of the reality of the fulfillment of Scripture. We are not only warning each other but also the unsaved family members and neighbors of the reality of what is to take place. The question is, How do we help the lost and dying world to prepare for eternity? Certainly we cannot personally witness to every lost individual, but we can support those who have a bigger audience and a louder voice. 

It is not money that is evil, but the love of money. Jesus gave His disciples the rule for the relationship of money in Matthew 6:19–21, “Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through and steal: For where your treasure is, there will your heart be also.” Jesus never advocated giving all you have of your earthly possessions away, but actually the opposite, as Paul stated in 1 Timothy 5:8: “But it any provide not for his own, specially for those of his own house, he hath denied the faith, and is worse than an infidel.” 

Our place in Heaven will not be measured by what we have accumulated here on earth but what we do with what the Lord has given us for we have “an inheritance incorruptible, and undefiled, and that fadeth not away, reserved in heaven, for you” (1 Peter 1:4).



by Larry Spargimino

Mention the word “Sodom” and one sin automatically comes to mind. Guess what it is? You got it: homosexual sin. The real problem in Sodom, however, was not homosexual sin but pride, often thought to be the root of all sin. “Behold, this was the iniquity of thy sister Sodom, PRIDE, fullness of bread, and abundance of idleness was in her and in her daughters, neither did she strengthen the hand of the poor and needy. And they were HAUGHTY, and committed abomination before me: therefore I took them away as I saw good” (Ezek. 16:49–50). 

We’ve seen lots of attention given to the whole issue of homosexuality. Yes, “same-sex marriage” is a corruption of God’s perfect plan, an oxymoron that has never been, and will never be, legitimized by God. But how much attention has been given to pride—perhaps THE major sin of the modern church, and THE SIN that is keeping America from revival. It’s even found in churches. 

Contending for the Faith: Heresy Hunting or Something Better? 

Contending for the faith is necessary (Jude 1:3). “Many false prophets are gone out into the world” (1 John 4:1). They are a dime a dozen, but so are the heretic hunters stalking their prey. They relish exposing some sinister conspiracy, and when they do they proudly shout, “Gotcha!” It gives them intense satisfaction, like that of a mountain climber arriving at a lofty summit. 

The Christian apologist is one who defends the faith. It is a valid discipline. “Be ready always to give an answer [apologia] to every man that asketh you a reason of the hope that is in you with meekness and fear” (1 Pet. 3:15). The Bible tells us what to do. But it also tells us how to do it: “with meekness and fear.” 

Heretic hunting, on the other hand, is the attempt to look for some morsel of information to use against someone with whom you disagree for the purpose of making him look cultic, heretical, and definitely out of mainstream biblical teaching. Heretic hunters use colorful terminology, like “So-and-So is promulgating soul-damning error. He is teaching the vomit of Satan.” 

Yes, we are to stand tall for the truth, but doesn’t the Bible condemn bearing false witness, pride, and a divisive spirit? 

The group Hillsong, and their pastor, Brian Houston, have come under increasing fire. Houston has been charged with being soft on homosexual sin and allowing gays to be worship leaders. 

Houston was asked: “If you are gay, are you welcome at Hillsong Church?” Houston answers with a resounding “yes.” He explains that gays are welcome to attend worship and participate as a congregation member with the assurance that they are personally included and accepted with the Hillsong community—but cannot take active leadership roles. “This won’t make everyone happy and to some, this stance may even be seen as hypocritical,” Houston says. “We are a gay welcoming church but we are not a church that affirms a gay lifestyle” (, 8/5/15). 

Hillsong is a worshipping body in Australia, loosely affiliated with the Assemblies of God, and has spoken out on key issues. Hillsong Statement 21 on the Sanctity of Human Life reads: “We uphold the right for all human life, from fertilization to death, to be protected and we believe the Committee’s recommendations threaten this most basic of human rights.” Hillsong Statement 12 affirms the belief that God created the world. “It is therefore important for science curricula to include all valid viewpoints of the origin of life and the universe, including intelligent design.” 

This author is not trying to defend and justify everything Hillsong does and believes. Some readers may not like the music. Others might not like the contemporary settings of their services. The point is: Go easy on criticism. Know the issues. Be sure of your facts. Be careful regarding the source of your information. Remember, people love to find “dirt” on other people (they lick it up like a 5-year-old licking a popsicle). Somebody who seems to have some inside info on a breaking scandal will sell lots of books and magazines. We need to be careful that we do not pander to that carnal desire. 

Church Members Who Don’t Sin? 

There are those who find Brian Houston in error because he said that all “are welcome to attend worship and participate as a congregation member with the assurance that they are personally included and accepted within the Hillsong community—but cannot take active leadership roles.” 

One complaint was: “If we tell people that they can be members and participate in all aspects of church life even while embracing the homosexual lifestyle, we are sending the wrong message. Would we also say that someone who is actively engaging in adultery can become a member and participate in all aspects of church life?” Sounds good, doesn’t it; but couple of questions are in order. 

Is smoking sin? The Surgeon General is pretty sure it shortens your life. So, if you smoke you are killing yourself. Since suicide is a form of self-murder, smokers are sinners. Shouldn’t smokers be excluded from church membership and from taking part in the activities of the church? And what about speeders? Should they be excluded from church membership? We should certainly obey posted speed limits and not drive in such a way that we put others at risk, but all Christians don’t. All church members don’t. Some habitually leave for work late—and have to speed to get to the office on time. Isn’t that sin? 

Do all Christian husbands in our churches love their wives as Christ loved the church? Do all Christian wives submit to their husbands “in everything” (Eph. 5:24)? If not, should they be members of your church? And what about church families who have teenage sons and daughters who are in trouble with the law, or teenage daughters who have gotten pregnant out of wedlock? Can such parents take part in the activities of the church and continue to be warmly welcomed as members, even at “pot luck” suppers? What about if that is true of your pastor, elder, or deacon? Shouldn’t we say: “Please don’t judge me because I sin differently than you do”? 

Jesus in the Home of Simon the Pharisee 

Luke 7:36–50 is a provocative passage, almost scandalous in the details. A woman of ill repute hears that Jesus is having a meal at the home of Simon the Pharisee. She goes with a beautiful alabaster jar filled with costly perfume. She kneels behind Jesus, her tears falling on His feet. She keeps kissing His feet and putting the perfume on them. Simon now has the “proof” that he needs: Jesus could not possibly be a prophet. If He were, He would surely know that this woman is a sinner. 

At this point in the narrative Jesus tells a story about two men, one who owed 500 pieces of silver, and another who owed 50 pieces of silver. The creditor forgave both debts. Who loves the creditor the most? The debtor who had the greater debt canceled. 

Did Jesus give a rebuke to someone in this story? He did. Jesus complained that Simon didn’t offer Him any water to wash the dust from His feet. He didn’t greet Jesus with a kiss. He didn’t anoint Jesus with olive oil. Then Jesus looked Simon square in the face: “Wherefore I say unto thee, her sins, which are many, are forgiven; for she loved much: but to whom little is forgiven, the same loveth little. And he said unto her, Thy sins are forgiven” (Luke 7:47–48). 

Significantly, there is nothing in the account that shows the woman “cleaned up her act,” or that she made promises to God. Jesus didn’t send her to a mourner’s bench. The word “repentance” never shows up. And yet Jesus says her sins are forgiven. Has Jesus gone purpose driven, or maybe aligned Himself with the Emergent Movement? 

I am not endorsing, or encouraging, sinful behavior. Jesus came to save His people FROM their sins (Matt. 1:21). The Holy Spirit works to make us HOLY. We grieve Him when we are UNHOLY (Eph. 4:30). But remember, the closer we get to God, the more we see our shortcomings and our sins (surprise—we all have some). 

A person may look at a clay pot and think it is a work of perfection, but take it outside and view it under the bright sunlight. We begin to see all the imperfections, blemishes, and cracks. Dear reader, have you looked at your life in the glory of the SON-light? 

Jesus did not deal with everyone as He did the woman in Simon’s house. He was very different in His presentation of salvation to the rich young ruler. Mark 10:17–25 reveals that a man came running up to Jesus and asked Him what he needed to DO to inherit eternal life. He really meant it, as if he said: “I want eternal life so badly I will grit my teeth, roll up my sleeves, and give it my best effort!” 

Jesus told him what he needed to DO: keep the commandments. “Don’t murder, don’t commit adultery, steal or bear false witness. Don’t cheat people, and make sure you honor your father and mother.” And the young man says, “No problem. I’ve been obeying all those commandments since I was a little kid. I’m such a good boy.” However, there was one problem. Good boys don’t make the grade because they are really not as good as they think they are. 

So, in mercy, Jesus wanted to humble the man. “Then Jesus beholding him loved him, and said unto him, One thing thou lackest: go thy way, sell whatsoever thou hast, and give to the poor, and thou shalt have treasure in heaven: and come, take up the cross, and follow me. And he was sad at that saying, and went away grieved: for he had great possessions” (Mark 10:21–22). Giving away your possessions to the poor is not a requirement for being saved—but in this case it was. His god was materialism. 

It strikes me that the Simons, the rich young rulers, and the heretic hunters need to go outside and stand in the SON-light and take a long, hard look