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Another Financial Meltdown Coming

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By Mr. Kelvin Esiasa

On 9th June, 2013 Senior Prophet T.B Joshua of SCOAN of Church prophesied that the world would be experiencing another great financial meltdown.

In his sermon he mentioned that the coming financial meltdown would affect a number of companies. He also said that the financial meltdown would be so heavy such that companies that were profiting US$500Million would be making less than US$500,000 annually. He also mentioned that there would a lot of loss of jobs around the world and only a few companies would survive.

This is the second time the Nigerian Prophet has prophesied on financial meltdown, before the 2009 – 2010 financial meltdowns, Senior Prophet T.B Joshua prophesied that the world would experience financial meltdown and this came to pass. He is on record of having prophesied a number of prophecies that had come to pass. So it is anticipated that this prophecy would be fulfilled.

T.B Joshua pronouncements remind me of ongoing cyber crimes. The rampart spread of cyber crimes is worrisome. Aljazeera reported that cyber crime had been ranked number one by Interpol on financial crime list. In Zambia, Zambia Police reported that US$ 4 million has been stolen from different commercial banks ATM withdraws through a scam involving three foreign criminals who had recruited and trained Zambians in cyber-crime.

The Los Angeles times reported that worldwide  a gang of criminals stole a total of $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe.

The FBI on 20 May, 2013 announced the unsealing of indictments against three individuals who played critical roles in creating and distributing the Gozi virus, one of the most financially destructive computer viruses in history. The Gozi virus infected over one million computers globally and caused tens of millions of dollars in losses.

Nikita Kuzmin, a Russian national who created the Gozi virus, was arrested in the U.S. in November 2010 and pleaded guilty before U.S. District Judge Leonard B. Sand to various computer intrusion and fraud charges in May 2011. Deniss Calovskis, a Latvian national who wrote the computer code that made the Gozi virus so effective, was arrested in Latvia in November 2012.

Mihai Ionut Paunescu, a Romanian national who allegedly ran a “bulletproof hosting” service that enabled cyber criminals to distribute the Gozi virus, the Zeus Trojan, and other notorious malware and to conduct other sophisticated cyber crimes, was arrested in Romania in December 2012.

While the internet has revolutionized business and communication almost overnight, laws regulating its use and misuse haven’t developed as swiftly. Cyber crime has been increasing at the same pace of development in Information Technology. But who is the cause of cyber crime or the inventor of cyber crime?

Should we accuse the innovators of IT packages as prime suspects of Cyber crimes? Or should we treat cyber crimes as the story of computer virus, where the innovators created computer and later created virus in order to create a multi-billion business.

Or should we look at it as another world business where thieves have teamed up with business leaders to siphon money from the poor? May be we should say these are works of business mafias or baboons.

In conclusion as TB Joshua said it is time for Christians and children of God to pray for the world. It is only the prayers of the children of God that would save the world from collapsing. Therefore, Christians should unity in prayer and ask God for mercy.

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