Christmas Letter 2020

Michael A Clark

 

Christmas 2020

 

“Behold, all the earth sitteth still, and is at rest”

 

 

A Message at Christmas

From the President to Members, Associates and Supporters

 

The year 2020 has witnessed a unique moment in all our lifetimes, a pandemic, or so it has been called. However, when taken in context of the 7.8 billion population of the world as of October 2020, the death rate of 1.1 million so far has been very small indeed, particularly when compared to the 1918 -20 Spanish flu pandemic which is estimated to have wiped out in excess of 50 million worldwide.

The main casualty in all of the lockdowns has been the business world economy, which brings the prophetic Scripture in Zechariah 1:11 to our mind: “Behold, all the earth sitteth still, and is at rest.” Is the lack of jubilee release since 27 July 1694, when the Bank of England was established, now being brought home to the nation by the Lord and to the West as a whole?

The pandemic has landed treasuries everywhere with great overdrafts. The world is awash with debt, which they say our children and grandchildren will have to repay. In the UK, public sector debt hit £2 trillion this summer for the first time in history. While in the United States the total national debt is now in excess of $27 trillion. Japan is in a worse state where its public debt exceeds 150 per cent of GDP, even higher than in western nations, while the EU eurozone budget deficits have risen to €1 trillion to counter the pandemic!

Will politico-economic history repeat itself in Europe and America? Late October 2021 will mark 390 years (Ten Tribes trouble) since billions of pounds of Spanish gold and silver sank in a Caribbean storm aboard the Spanish galleon Our Lady of Juncal. The economic scar of the Covid-19 pandemic will not easily pass in 2021. The debts racked up as governments have sought to cushion its effects will remain facts of economic life for the foreseeable future as the final prophetic judgment comes to economic Babylon.

Debt finance is presented to us as no alternative with the banks in Britain now contemplating going into negative interest rates for the first time in our country to help get the economy going again; a situation that has existed for the past six years in Europe with little positive outcome.

Our national economic future in 2021 will depend first on whether or not a Brexit deal is struck with the EU and also on the final outcome of the American Election which could well be delayed for many weeks until the Spring. In these critical times British Israelites know that “The eternal God is [our] refuge, and underneath are the everlasting arms” (Deuteronomy 33:27).

A very happy Christmas to you all,

 

 

Michael A. Clark, President

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