Tonight on The Hal Lindsey Report
Things are heating up in Korea. They usually do when the U.S. and South Korea conduct joint military exercises.
As usual, North Korea is full of swagger and bluster. But this time might be different. It already is. On Thursday, North Korea and South Korea traded artillery barrages.
But there's something else that makes this round of bluster even more dangerous. Supreme Leader Kim Jong-un.
The third-generation despot is undeniably losing his grip on reality. Maybe his grip on sanity. And that could get pretty dicey since he controls a nuclear arsenal with the missiles capable of delivering them.
A billion people lie within range of those missiles.
Even longtime ally, China, is getting nervous about this unstable, unpredictable, maybe certifiably insane little dictator.
But those aren't the only shockwaves emanating from that part of the world.
Recently, the Chinese city of Tianjin was struck by massive explosions. Dozens are dead, hundreds injured, and thousands homeless.
One of the explosions, which was probably caused by a fire detonating explosive chemicals, registered as a 2.3 earthquake.
But the shockwaves with the greatest global implications were economic. In recent weeks, China has lowered the value of its currency, the yuan. It fell 4.4% over four days.
When a nation lowers the value of its money, it cuts into the buying power of the people at home. So China's exported goods will be cheaper and the stuff it imports from other nations will be more expensive.
That's good for the Chinese, but not so good for other nations selling their goods to the Chinese. Or companies like General Motors and Buick. GM sells more cars in China than it does in the U.S. Buick sells four times more!
The recent devaluation of the yuan means fewer Chinese consumers will be able to afford Buicks and Cadillacs.
Ambrose Evans-Pritchard, international business editor of the Daily Telegraph of London, wrote: "If China really is trying to drive down its currency in any meaningful way to gain trade advantage, the world faces an extremely dangerous moment."
Donald Trump said the devaluation of the Chinese currency is "going to be devastating for us."
But the yuan isn't the only currency that has been devalued in the recent past. Both the Japanese yen and the Euro have been made intentionally lower relative to the dollar.
All of the moneyed elites agree that this kind of currency gamesmanship needs to end. But how to end the cutthroat money games? A global currency!
Meanwhile, increasing economic chaos sets the stage for a collapse of the social economy. A sudden global economic collapse could trigger the rise of the Antichrist at breathtaking speed. He will offer a unique, irresistible solution to the crisis. But even without a sudden collapse, we see an inevitable march in the direction of a global currency and global monetary controls.
Also this week, I'm going to tell you what happened when the Pharisees tried to trap Jesus with a trick question. He turned the tables and trapped them. The Bible declares, "And no one was able to answer Him a word, nor did anyone dare from that day on to ask Him another question."
Now, that's silencing your critics!
Don't miss this week's Report here Sunday.
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