|Bible Code Digest: January/February 2009 Continued
The Global Economic Crisis:
Codes Detail Numerous
Causes and Effects
Given the state of the global economy and the many requests we have received to research it, BCD decided to run a series of searches on the following economic terms: bank bailout, credit crisis, economic crisis, financial crisis, financial market, global depression, great depression, interest rate, investment bank, low interest rate, and stock market. The initial search terms were all seven or more letters long, and the resulting 19 codes range in length from 13 to 31 letters long. Nathan Jacobi, Ph.D., parsed and translated the ELSs.
We were astonished that nearly all of the extended codes provided details about either the causes or the effects of the current economic crisis.
For both causes and effects, it is the content of the extended code, and not the original search term, that provided specifics about the current crisis. For example, in one instance we started by finding an ELS for financial crisis. Just finding that ELS could very easily have been chance. When we found the adjective global right next to financial crisis in the extended code, coincidence seemed much less likely. And when we considered the entire code, From whom to whom is the global financial crisis?, we encountered a code that zeroed in on the current preoccupation on who is at fault in creating the crisis and who will be most effected. The entire code also conveys the impression of a high level of interdependence between the economies of different countries around the world. Considering all that, dismissing it as a coincidence requires a bit of committed skepticism.
What is even harder to walk away from is the thrust of the entire collection of 19 extended codes. They cut right to the heart of the angst of our present day. Among these codes are plausible references to 13 different causes of the crisis:
- The real estate market
- Greed and excesses in the financial markets
- Exotic financial products (such as mortgage backed securities and derivatives)
- Overconfidence by investors and consumers
- Evil people (e.g., Bernard Madoff)
- Gyrating interest rates
- Fears of another Great Depression
- Manipulation of interest rates
- Uncle Sam
- International dependence of economies
- High price of energy
- Departure from the Gold Standard
That's a rather sweeping list of causes. Granted, in some cases, we exercised a little imagination in coming up with the implied causes. On the other hand, isn't a bit of imagination an essential part of the work of paleontologists who come up with "complete" fossil skeletons from very incomplete findings? So we urge our readers to make up their own minds about whether or not we have made reasonable inferences from the literal content of the codes that Jacobi found.
We also found codes that confirmed the extent of the crisis (global) and some of the more dramatic effects (destruction, disillusionment and painfully low interest rates on CDs and savings accounts).
Causes of the Crisis
1. The Real Estate Market
Credit Crisis (5)
A credit crisis of my houses that will be numerous.
How on target could a code be? The credit crisis was caused in part by excesses in the real estate market. So, it is very remarkable to find houses in an extension around a credit crisis ELS.
2. Greed and Excesses in the Financial Markets
Financial Market (1)
Destruction befits the financial market.
This code is almost a rebuttal to Financial Market (5) [see 4. Overconfidence below]. Where is the dream? For destroying ours, the market deserves destruction. Perhaps this implies that there should be a better way to conduct business.
Stock Market (2)
Is the stock market singing for us?
The implication of singing for us could be that the stock market is going to make us happy by making money for us. That this question is being asked implies that the stock market has not been performing favorably in the recent past.
Stock Market (5)
The stock market is teaching them.
A frequent topic in the news is what can we learn from the change in the stock market. Many had come to believe that the stock market was the best place to invest their money, but recent events have taught them much about its volatility and riskiness.
3. Exotic Financial Products
Economic Crisis (3)
He will illuminate to the evil people
the trap of an economic crisis.
Where are they? Are they ours?
Exotic financial products played a major role in making the current crisis much worse and more precipitous than it otherwise would have been. These products became a trap for those who invested in them because of how they performed during a downturn in the real estate market. These exotic products included mortgage-backed securities and lax standards in extending ("subprime") mortgages to large numbers of people who realistically could not afford to buy a home. This led to major Wall Street firms like Lehman Brothers and Merrill Lynch bundling up groups of subprime mortgages and selling them to investors eager to realize the high rates of return that the real estate market had exhibited in the past.
4. Overconfidence by Investors and Consumers
Financial Market (5)
Where is the dream of the financial market?
This code could very well be the headline of a news article, and it expresses the bewilderment of many. Financial markets around the world are where many have placed their hopes and dreams for a better future. In the U.S., people are often encouraged to place most of their savings for retirement in the stock market, only to find much of it can be gone in a moment.
5. Evil People
Economic Crisis (3)
He will illuminate to the evil people
the trap of an economic crisis.
Where are they? Are they ours?
This code is mysterious, with its references to he, they, and ours. However, the middle portion of the code, illuminate to the evil people the trap of an economic crisis, reads more like a cry to enlighten people about the dangers of this crisis. The evil people could be a reference to Wall Street and corporate executives whose greed helped create the current crisis.
6. Gyrating Interest Rates
Interest Rate (B5)
My plague is the interest rate.
It's not a stretch to imagine someone woeful in prayer about interest rates. Many holders of subprime mortgages with adjustable interest rates were squeezed financially when interest rates rose and their monthly mortgage payments increased.
Low Interest Rate (3)
Where is the price of cowardice?
Where is their healer from what
a low interest rate is doing to me?
The first of the 31-letter-long codes could read as an expression of anger from a retiree who largely depends on interest from CDs or savings accounts for much of their income. So low interest rates mean a much tighter budget for them, as they are no longer working. That kind of investment strategy would be viewed by investors in the stock market as cowardice, or an unwillingness to face the added risk involved in investing in stocks. So the price of cowardice is the generally lower yield such cautious investors earn on their money.
Credit Crisis (1)
The mourning of this mother,
the bread of a credit crisis,
came to the dead.
This is a very mournful, bleak code. Taken literally, it reads as a mother crying over any benefit or substance of the credit crisis coming too late—after someone has died. Taken figuratively it could read as the creator of the crisis mourning too late and not being able to create any good from it. The dead could refer to businesses or individuals who have become bankrupt. For them, the benefit of low interest rates, which the Fed has tried to encourage, cannot be realized, because their credit rating is so bad no one will loan them money.
8. Fears of Another Great Depression
Financial Market (2)
The financial market from his own [mind]
to my grandfather's mind.
From a U.S. POV, this code could be read as someone thinking about the economy in light of what their grandfather went through in the Great Depression.
Great Depression (3)
He will strike me with the great depression.
While we do not know who he or me are, the symbolism of being struck with the great depression is a brutal picture of its effects.
9. Manipulation of Interest Rates
Interest Rate (B2)
Who has embraced for us the interest rate
from one handful grasp to another?
Who has embraced for us the interest rate could refer to anyone who has the power to change the interest rate. One handful grasp to another could refer to the greed of those who are making money from interest rates, or to the efforts of the Federal Reserve Board and the International Monetary Fund to stimulate economic activity by lowering interest rates.
If the code is read from a more personal POV, it could imply people living from paycheck to paycheck while watching the interest rates fluctuate.
10. Uncle Sam
Financial Crisis (A2)
Financial crisis is friendly (or bad) for him,
as is my mother's brother.
Initially, this code struck us as personal, because of its reference to "my uncle" (my mother's brother), but in the U.S., uncle can refer to Uncle Sam (a personification of the government or people of the U.S.: represented as a tall, lean man with white chin whiskers, wearing a blue tailcoat, red-and-white-striped trousers, and a top hat with a band of stars). This could be taken as a reference to Uncle Sam's role in the financial crisis.
11. International Dependence of Economies
Financial Crisis (A3)
From whom to whom is the global financial crisis?
Another topic in the news: Who has caused this, and who does it effect? This code seems to zero in on the unprecedented level of interdependence of economies around the world. It is remarkable that the word global was found right next to the original search term of financial crisis.
Economic Crisis (1)
God, an economic crisis will take place.
Here it comes. Provide a flow of trouble.
This code could be read from a radical Muslim or Communist POV. A number of radical Muslim leaders have been gleeful at the economic crisis that has swept countries in the West that they view as their staunch enemies.
12. High Price of Energy
Low Interest Rate (1)
They were saturated with coal.
They became a wall of low interest rate
originating from a pure selector.
This is the second of the two 31-letter-long codes in this series. Coal is probably the dirtiest form of energy in terms of producing greenhouse gases that are regarded as the primary cause of global warming. Pure selector could refer to governments around the world that are making the shift to cleaner forms of energy, often by providing tax credits and low interest rate loans to alternative energy producers and investors.
13. Departure from the Gold Standard
***Please disregard Stock Market (1), as an error was made during parsing, which resulted in a single letter being dropped prior to translation.***
Stock Market (1)
And they did not stone the gift.
Strike them in the stock market.
Strike them in the stock market seems to articulate the wishes of someone who is a critic or enemy of capitalism, or it could be the feelings of someone who believes that the U.S. should have continued to remain on the gold standard.
We found two extended codes that had a more hopeful tone.
Financial Crisis (A4)
The financial crisis will cease.
The way of a humble friend in it will be favored.
This code reads almost like a proverb. A reassurance that the crisis will come to an end could be offered by a government leader who believes that the government's role as a humble friend to the people will provide effective help to struggling citizens.
Bank Bailout (1)
My father is inside me for bank bailout.
This prayerful thought calls out for God, the Father, to be in me, or with me, during the crisis.
During this initial search it is certainly possible, and even likely, that a number of the extended codes may refer to a different financial crisis than the current one. On the other hand, it may well be that some of these codes refer to more than one financial crisis, and the current one could be included among them.
These 19 lengthy ELSs provide a picture of the current global economic crisis. Not only do the codes address 13 different causes of the crisis, they affirm its global extent. The content of the extended codes provided remarkable details about the current crisis, and some of the more dramatic effects (destruction, disillusionment and painfully low interest rates on CDs and savings accounts). In content and length, these codes are significant.
Continue to The Global Economic Crisis Table
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