Thursday, October 11,
2018 1232PM / By Rev. Yemi Adefarasin
This article was originally scripted and shared on May 04, 2009. Recent developments and enquiries on the subject have necessitated our republishing same.
Since inception, Proshare’s remit has been to provide independent opinion on the market, the exchange, investment offers, policy impact assessments and most importantly serve as a ‘Market Confidence Bridge’ through its interventions.
I however will like to do an unusual thing and share with you a testimony about the reports published and the market predictions that have come to pass; hoping that you will be able to do more than read the report but take action.
The Current Global Credit Turmoil Prophesy & The NCM 2009
Some time in December 2006, Pastor Yemi Adefarasin (who had just returned to Nigeria from Cotonou, Togo) admonished me during a difficult and trying period when I was really desperate to hear from God; about the role of the firm in the market and the economy that will emerge.
During a particular visit where I had gone to brief him concerning what I had decided on doing, and my approach; he took time to explain to me how God works with, through and for people.
He naturally, went into ministration (and I have my views on that) and proceeded to explain to me that ‘whenever God gives a man a vision, there were also other variables that needed to be in place for the manifestation of the vision’.
Hear him: “When God gives a vision we have to ask Him for the WHAT – the vision, the WHEN - the timing of the vision, and the WHERE – the position and location of the activities included in the vision.”
As he rounded up, he decided to share with me his thoughts on the financial system we seek to serve and the revelations God had shown (revealed to) him about the market place, the economy and personal wealth of Nigerians; and more importantly, about what is going to happen to the world’s economy. The summary of which was that:
While I found him to be a devoted and well intentioned man of God, I just could not see or fathom how such could occur in a world economy adjudged by the leading experts as fundamentally sound. I struggled with the possibility but soon resolved it in favour of the experts and my training; perhaps based on the commonality of the objective in both positions – to act as a bridge for market confidence and credibility, should a bubble occur.
Thus I started the company in December 2006 on that premise. When in June 2007, our analysts echoed the possibility of a misalignment that was occurring in the USA and sought to draw the possible impact of these developments on the high incidence of foreign funds in our financial markets, I/we still did not take the prophesy seriously.
We however devoted considerable attention to alerting the market on our data-backed analysis and the possible implications of a downturn – relying on the classic thinking that markets work in cycles and we should prepare for a ‘bear’ cycle.
We could not have imagined that the downturn would be of such impact and sustained period. We however subconsciously took some steps that allowed our subscribers to protect themselves and exit earlier than the crash that occurred in early April.
It was not until October 2008 when President George W. Bush came before the US Senate to ask for the 1st $700 billion bail-out package to inject money into the US financial institutions to prevent them from folding up that we revisited the prophesy.
These institutions represented the best ideals of the capital market system and were in sorts, the pillars of the world’s financial system.
The church however appeared (from the outside) too involved in the world system to easily detach itself as property prices in some parts of London and USA were sold at 50% below market value; with owners desperate to be out of the market.
Now we were in a quagmire as we did not know how to engage the people at this level of discourse, having remained committed only to factual data and intelligence; but most importantly, was restrained by our corporate ethos which defined our locus of operations not to extend beyond our professional mandate.
At this time, we experienced a major site functionality failure which led to the loss of ability to reach our 80,000+ discerning investors and stakeholders that we contact daily. We became helpless at the point of realization.
A new way of communicating that reflected the seriousness of the situation was thus created, with the contributions of leading financial experts to produce the NCM ReportTM 2009.
This report therefore, represents our best judgment in factual and time-tested tools driven research on the market, the regulators and information for investors.
Most importantly, we felt we had responded to the words of Ezekiel 25:17.
"The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children.”
The report has thus been made available online (www.proshareng.com) and the print copies have and continue to be distributed ‘free of charge’ to local and international thought leaders.
Having contributed our modest effort, we must now call on you to make the determination on how to use this information for the body of Christ; even as we pledge our support to provide any or all other available data and information that can help people overcome the current challenge.
Olufemi AWOYEMI, FCA, 2009
The Vision for the World Markets – Rev. Yemi Adefarasin,2009
“The operating environment and landscape has changed fundamentally; tomorrow’s environment will be different, but no less rich in possibilities for those who are prepared.” – Ian Davis, McKinsey’s worldwide managing director, 0309
As our economic system collapses, I am coming to realise the significance of Jesus’ words in the Sermon on the Mount where he said:
“No one can serve two masters; for a slave will either hate the one and love the other, or be devoted to the one and despise the other. You cannot serve God and wealth.
……..Therefore I tell you, do not worry about your life, what you will eat or what you will drink, or about your body, what you will wear. Is not life more than food, and the body more than clothing? Look at the birds of the air; they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they? And can any of you by worrying add a single hour to your span of life?
And why do you worry about clothing? Consider the lilies of the field, how they grow; they neither toil nor spin, yet I tell you, even Solomon in all his glory was not clothed like one of these. But if God so clothes the grass of the field, which is alive today and tomorrow is thrown into the oven, will he not much more clothe you—you of little faith?
Therefore do not worry, saying, “What will we eat?” or “What will we drink?” or “What will we wear?” For it is the Gentiles who strive for all these things; and indeed your heavenly Father knows that you need all these things. But strive first for the Kingdom of God and his righteousness, and all these things will be given to you as well.
So do not worry about tomorrow, for tomorrow will bring worries of its own. Today's trouble is enough for today.
Introduction to Theme
This is a modest contribution on a theme called the “The stewardship mandate” - to empower people to prosper and grow wealth using biblical keys and insights to principles that govern wealth in God’s Kingdom.
The Stewardship Principle – Key Definitions
Stewardship: Responsibility to manage all the resources of life for the glory of God, recognizing God as the Provider. Stewardship recognizes and acknowledges God as the owner of everything and that we are just custodians of the resources of God and the resources must be employed under Gods directives and guidance for the establishment of His covenant on the earth.
Ps.24:1 “The earth is the LORD s, and all its fullness, the world and those who dwell therein.”
Haggai 2:8 'The silver is Mine, and the gold is Mine,' says the LORD of hosts.
Egypt and the Global economic Crisis
For about three years now as I studied the bible and prayed; the Lord began to speak to me about an impending global economic crisis that would affect the whole earth.
For about three years I have been speaking about it with documented evidence and testimony from some people that I shared my beliefs with.
The bible tells us in Genesis about a global famine that occurred in the time of Joseph. (Gen 41 – 50)
In fact, when we study the scriptures we find a totality of thirteen famines that occurred most of which were instruments of Divine judgment; thirteen being the biblical number of apostasy, rebellion and judgment.
In the time of Joseph, the famine was so severe that it affected the whole earth. God by divine predestination had positioned Joseph in Egypt so that he would be instrumental in providing sustenance for his father and family who by the way was an extension of the covenant that Abraham had entered into with God.
Hence, owing to the covenant God had with Jacob, God had predetermined that Egypt would be an economic haven for Jacob and his family under the governance of Joseph who had been sold as a slave by his own brothers to Ishmaelites who in turn sold him to an Egyptian captain of the Pharaohs guard. Through the years of his sojourn in Egypt Joseph grew and became, basically the Prime Minister of Egypt, second in authority to the Pharaoh.
The world famine was so severe that it affected every part of the known world at that time that they came down to Egypt to buy food.
Please understand that in biblical context, Egypt was the generic name for Africa. At that time the African continent was referred too as Egypt probably because all that was known at the time was Egypt, Ethiopia and Mesopotamia (Arabia). Thus, they came to Africa to buy food.
The bible sets a precedent as it informs us that there is nothing new under the sun, thus, inferring that whatever transpires in these times as occurred before. This is further buttressed as the writer of the book of Ecclesiastes further comments’ that “the thing which has been, is that which shall be, and that which is done is that which shall be done……” Eccl.1:9
History repeats itself. God is a cyclical god and all His creation operates in series of cycles thus spawning times and seasons.
The Pharaoh has a dream that Joseph interprets, and it is noted that there will be seven years of prosperity followed by seven years of famine. Indeed, one notes that the human life is consistent with this pattern; seven year cycles of prosperity and famine. Thus, it behooves us to store up in years of prosperity for years of famine.
The national policy that Joseph implemented was a savings policy of twenty percent of everything for a period of the seven years of prosperity.
It is considered opinion that the global recession that is presently being encountered is parallel to what Egypt experienced in the time of Joseph (people often compare it to the era of the great depression instead). I believe what nations are experiencing is the beginning of this severe famine that the word faced in Josephs time manifested through global economic recession, financial crisis and acute food shortage. If this is not it then these are the birth pangs of what is to come. The economics/economists now support this position as confirmed by the World Bank and other leading institutions.
It should be noted that in the preceding years the continents of the world have been ravaged by hurricanes, tornadoes, droughts, earthquakes, mud slides, tsunamis all of which served to significantly reduce world agricultural output thereby resulting in shortage of grain, and the sharp rise of food prices we have experienced in the last two to three years. Note that all these natural disasters are described by the secular world as acts of God, but biblically as instruments of divine judgment.
Furthermore, a study of biblical numbers reveals that 9 (nine) as in 2009 signifies judgment amongst other things. In addition, as the world embarks on the pursuit of alternative fuel sources, much grain is being used for ethanol production contributing further to the shortage of maize throughout the world.
In fact the demand for extracts from grain products is rising faster than anticipated and will continue to do so as the world seeks and turns to alternative fuel sources. Not only that, there will be major scientific breakthroughs from the vegetable kingdom.
As we decode the mystery of the famine in Egypt, we see the gentile nations coming to Africa to buy food, to be specific; grain. This is being replayed all over again by the actions of the Republic of China.
Joseph through the wisdom of the Lord, correctly interpreted the dream of Pharaoh; analyzed the future economic trends prophetically, and thus, proffered economic strategies in lieu of his understanding of the times and seasons of God as interpreted through the dreams of a heathen king.
This is the day of the interpreters (Economic Analysts).
Because the spirit of the Lord was in Joseph he functioned in the wisdom of God. Only those who are walking in Christ can have the ability to discern the times as interpreted through the word of God. What I seek to establish is that only those that are stewards of the manifold wisdom of God can have eyes to see and hear what the spirit is saying to the church.
I do not have the precise calculation of when this famine begun, by conjecture I believe it commenced roughly around 2006 (further study is required on this.)
The Significance of Egypt (Africa)
We note that Egypt is signified by the memory-knowledge of natural truths; by Assyria, reason or rational things; by Israel, spiritual things; all of which succeed one another; and therefore it is said that:
“In that day there shall be a path from Egypt to Assyria, and Assyria shall come into Egypt, and Egypt into Assyria, and the Egyptians shall serve Assyria…..
…..In that day shall Israel be the third with Egypt and with Assyria, a blessing in the midst of the land, which Jehovah Zebaoth shall bless, saying, Blessed be Egypt My people, and Assyria the work of My hands, and Israel Mine inheritance” (Isa. 19:23-25).
They came to Africa to buy food.
During the famine in Joseph’s time, the famine was so severe that the world came to Egypt (Africa) to buy food, specifically grain. Joseph had accumulated so much reserve during the seven years of prosperity, by saving 1/5 or twenty percent of all output for seven years.
Jacobs family came with money sacks to buy food from Joseph, so we can deduce since the Bible tells us that Jacob heard there was grain in Egypt, that he gathered this info from news circulating the globe, thus the whole world was coming to Africa for grain. (The media will pay a role in shaping events to come)
You will notice an increased interest in Africa at a time when all seems well for others but this is the sign for Africa to recalibrate its politics and align it with its economics as the population boom that is bound to come from years of neglect and absence of policy direction may derail the best intentions.
Why the world will turn to Africa for food!
This is inevitable but would require a shift in the economic policies of African nations (especially Nigeria with its oil dependency) to reflect maximum investment in agriculture and the manufacture of grain products. Africa has the fertile land mass to produce enough food to sustain the world’s population.
The bible says so. In fact, Africa is the most richly endowed continent in terms of resources.
Over the years there has been a concentration of investment in the exploration and extraction of mineral resources that has fuelled the greed of its various different governments and spawned a gradual shift from agricultural based economies to resource exploitation. It should be remembered that Israel, “the apple of Gods eye” has always had an agrarian economy in both biblical and extra biblical times and have always prospered.
In fact we have witnessed biblical prophecy come to pass as they have literally turned their dessert land in to fruitful ground and made rivers in their desserts for irrigation purposes, thus fulfilling Isaiah 43:19.
God is known as the Lord of the harvest, an agricultural term.
As the world is seeking alternative fuel sources; gone may be the days of massive oil revenues. Can the price of oil ever rebound to the level it has fallen from? Perhaps intermittently, but victory is for those who look to harnessing nature in a proper way and treat the people in the lands they get right.
Oil is now being discovered in many other countries such as Rep. of Benin and Ghana. I strongly believe that subterranean rivers opened up to cause flows into these nations presently discovering crude oil, away from nations like Nigeria as a result of its abuse of its stewardship over such valuable resource. (Mathew 25:28 -30.)
As the world gradually shifts its reliance upon crude oil to alternative sources of energy, so must we shift our dependence to alternative revenue sources! “
Grain production is the way to go! This requires a revision of economic policies and a shift in mindset of African governments and that are looking for quick money, thus allowing Western nations to capitalize on our greed, and thus rape the continent of its wealth that can and should be used to develop the continent into its leadership role over the world.
Biblically, Africa is predestined by God to assume leadership over the world (Isa. 19:23-25). This requires a shift in economic policies. Invest in grain production and food processing. I urge governments to invest heavily in the Agricultural sector as a medium to long term strategy. The world population was estimated to double by the year 2020 according to UN statistics of five years ago, since then the world has seen a more rapid population growth.
The one constant requirement will always be food. This however is now severely threatened by the realities of global warming. Climate change will work in Africa’s favour.
The demand for grain will never subside as long as the earth is populated. Food will always be a consistently required and demanded commodity. Prophetically the world will come to Africa for food, as was in the time of Joseph. Nations need to align with Gods word concerning this.
As we do this, the need for regional commodities markets will arise. The commodities market will overshadow the equities market. “Get ready, position yourself.”
The use of technology will also be an advantage for nations.
Genesis 11:6 - And the LORD said, Behold, the people [is] one, and they have all one language; and this they begin to do: and now nothing will be restrained from them, which they have imagined to do.
2 Chronicles 26:15 - And he made in Jerusalem engines, invented by cunning men, to be on the towers and upon the bulwarks, to shoot arrows and great stones withal. And his name spread far abroad; for he was marvellously helped, till he was strong.
Money Bags and Food Sacks
Genesis 42:1-3 (NKJV)
1 When Jacob saw that there was grain in Egypt, Jacob said to his sons, "Why do you look at one another?"
2 And he said, "Indeed I have heard that there is grain in Egypt; go down to that place and buy for us there, that we may live and not die."
3 So Joseph's ten brothers went down to buy grain in Egypt.
The world famine was so severe that Jacob sent 10 of his children to Africa to buy food in exchange for money. These were children of covenant to whom God had obligated himself. Note that the famine was so severe that it was a question of life and death. As long as Africa can produce what the world needs there will be financial flows to the continent, however this international trade was initiated by covenant children of God who went collectively to engage in trade.
For too long, the church in Africa has been divided along denominational and sectarian lines, and this has served to reinforce the predominantly African mindset of “Every man for himself and God for us all.” As long as that mindset prevails our levels of productivity will be severely undermined.
This was a collective effort of Josephs’ brothers; ten in all, ten being the number of law, obedience and ordinal perfection. Christians need to form economic and investment clubs/groupings where resources can be pooled together to provide leverage for successful achievements. These brothers through unity of vision and purpose collaborated and cooperated as one powerful entity to engage in commerce with Egypt.
If our monies are combined together in collaborative effort, we can purchase large parcels of land for food production, (grain production), mechanized farming, and food processing with a view to engaging the world in commodities trade.
Jacob and his sons were shepherds. They had prospered abundantly over generations through trading in livestock. They were given the best part of the land; Goshen because the Egyptians loathed shepherds. (Gen 46:34). Goshen was a place that had suitable pastureland that would sustain Jacob and his offspring, a place where they would grow into a nation. It was in this place that Jacob and his family prospered.
The prophetic significance of this is that when the whole world was in famine, God’s covenant children were prospering. Throughout the scriptures when Gods judgments fell on the world, the children of God, the covenant people, were enjoying his blessings
How is all this going to happen?
The measure of the Holy Spirit is increasing in the earth and as He pours out pray that he “will anoint your eyes with eye salve to see” the opportunities that God is bringing to those he trusts that will use wealth for the establishment of his kingdom on earth.
According to Joel 2:28 He will pour out in such a way that will manifest in dreams and visions of creative strategies, business ideas, knowledge of witty inventions, economic strategies and etc.
***Rev. Yemi Adefarasin made this presentation at the January 5, 2009 Knowledge Development Session of Proshare.
Related News6. Religion And Related Activities Statistics