This article was originally posted on May 11, 2015 and is being reposted due to recent financial trouble at Germany’s largest bank, Deutsch Bank.
In my previous post, Why the Greek Drama Will Soon Become a Tragedy, I shared a prophetic vision from the late David Wilkerson in which he warned of bank runs starting in the United States within about two weeks after the first country goes bankrupt. The purpose of this post is to clarify what he meant.
With all the focus on Greece, it would be easy to assume they will be the first country to default. However, in another message David Wilkerson said he saw it starting in Germany. So we could see a scenario where Greece misses one or more loan payments without causing a financial melt-down for European banks, at least not right away. However, the losses caused by the Greek default would make it very hard for European financial institutions to absorb, which could then cause Germany’s economy to collapse. The whole system would start coming unglued.
As Europe’s largest economy, Germany has been carrying more than their fair share of the load in the European Union. Over the past five years, they have been a major contributor to bail out funds not only for Greece, but also Portugal, Italy, Ireland, and Spain. In the process, they have put themselves at risk if any of those nations default.
Today we see Greece reaching a critical point of needing additional funds to avoid a banking crisis. However, Germany cannot continue to support the weaker European nations forever. After five years of playing “extend and pretend”, the German people are weary of sending their hard-earned money to bail out other nations, especially Greece because they are not showing signs of recovering and are not complying with the terms of the loans. But now the Germans have put themselves in a predicament because they have extended so much credit to Greece that a default there could take down Germany too. Recognizing this danger, the Germans have grown increasingly reluctant to continue sending more funds. The gig is just about up.
Professional violinist Maurice Sklar shared the following prophetic insight showing Germany would play the key role in the coming financial disaster in Europe:
There is an even greater financial disaster that is falling upon Europe that will collapse the euro, cause panic and chaos there. Germany will refuse to prop up the euro any more. Basic needs in the poorer European nations will be threatened. Many will lose their money overnight as the stage is set for the financial takeover of the Antichrist system. This is imminent, and the dollar will also follow, although it will survive for a season more.
I believe we are now very close to the day when Germany will refuse to send any more bailout funds, especially to Greece. However, the big question is what happens after that?
Only the Lord knows the answer because the global economy is now in uncharted territory for at least two reasons, derivatives and debt.
- Derivatives – Never before in history have so many financial institutions exposed themselves to so much risk in the form of derivatives, which are financial products that derive all of their value from an underlying asset. Derivatives allow financial institutions to leverage their assets many times over. As a result, many investors hold a claim to the same asset while none of them actually own anything of real value. This approach works great when market values are moving up because profits are multiplied, but it is very dangerous when market values are moving down because losses are multiplied too. Large losses can force even very large banks to go bankrupt.
- Debt – Never before in history have there been so many nations in so much debt. Sovereign debt levels have increased significantly among almost all developed nations since the 2008 collapse of the housing market. The enormous debt burden makes it almost impossible to absorb the cost of any unexpected disasters.
The combination of the derivatives and debt leaves no wiggle room. Any large default could cause the global financial system could come crashing down like a house of cards.
That is exactly what David Wilkerson saw happening. In the audio message shown at the bottom of this post, he reveals the first country to go bankrupt is Germany, not Greece. So when we hear the news that Greece has missed their first loan payment to the IMF or ECB, we should not panic or run out and withdraw all of our funds from the bank. If David Wilkerson’s vision is correct, the country to watch is Germany.
We should also keep in mind the difference between missing a payment and being declared in technical default, which occurs 60 days later if the payment is still due. So there is a question about when the two-week clock starts ticking.
Yesterday a visitor to this site, named Frank, shared more information about David Wilkerson’s vision.
I thought you might like to see the results of a bit of research I’ve done, in which I found an old audio message by David Wilkerson, in which he identifies the first important European country to suffer an economic collapse: Not Greece, but Germany! (Not to say Greece won’t collapse, but read on).
To give some background, first, in his book, “The Vision,” at the beginning of chapter 1, Wilkerson states, “I see total economic confusion striking Europe first, and then affecting Japan, the United States, Canada, and all other nations shortly thereafter.”
So, the economic collapse begins in Europe. There is a slightly different version of this which is circulating on various sites on the internet, usually titled “David Wilkerson’s Economic Vision.” This is the one you quoted, where he narrates how the collapse starts in Europe, spreads to South America, then Mexico, then the U.S. Notice he again mentions Europe first, and then later, “the first country (that) goes bankrupt,” but doesn’t identify the country. Well, I did some more digging and found this audio sermon by Wilkerson:
AT EXACTLY 2:03 (see audio below) HE STATES: “It’s going to start in GERMANY!!!” After that he says it will “spread to Japan, and finally to the U.S.” I believe Greece defaulting on its loan to the EU will certainly weaken Germany, but it’s when GERMANY, the economic powerhouse of Europe, defaults, that the real clock, according to Wilkerson, starts ticking.
Greece defaulting on one or more of its future commitments to the EU/Germany may take a long time to cause a collapse in Germany; however, since so much of world commerce is interlocked, a panic resulting from a Greek default or combination of defaults could also develop very quickly. The German banking system is tottering on the brink of collapse as we speak. About a month ago, Duesseldorfer Hypothekenbank AG, a German bank, nearly collapsed after a margin call for $375 million. Deutsche Bank had a $75 trillion derivative exposure, and that was reported a year ago:
So, it wouldn’t take much to tip Germany (and other EU) countries over the edge, setting of a panic in short order. I’m thinking that if Wilkerson’s vision in this case plays out, and it sure looks that way, Greece will start defaulting on some of those debts, and the EU will be able to withstand some of these for a short while. But when Germany, considered the most financially solid of all EU countries, defaults, it will cause investors to totally lose confidence, and we will see a frenzied run on banks, a bank holiday, Cyprus-like currency reset (or worse), followed by a collapse, which then spreads worldwide.
Thanks Frank for sharing those excellent points!
https://www.youtube.com/watch?v=l_R9I-qQEbs

Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
Monday 09/05/2022 looking @ a few headings in the afternoon -Read Bankruptcies start in Germany. Did a search for May 2022 and many headings come up May 08/2022 12 hrs ago
Commerzbank prepares for more German bankruptcies amid Ukraine fallout. &? escalation.
Lender expects loan losses to rise this year.
Then watching a current video up on You – Tube – Lynette Zang.Titled: Warning Lynette Zang: – A Secret Financial System is happening Now.! From May 06/2022.Video will explain.
https://www.youtube.com/watch?v=UZ3quCy8aBw&t=1s- May 07 2022.
well worth listening to. as it confirms 3 major sources I saw & read .listened to few weeks ago.Re Great Reset: Replacement with Centralized Digital Currency.
News headline April 27th 2022-A major recession is coming (worse than expected) to the U.S.-Deutsche Bank Warns. Will other countries follow including Aust. The major bank has predicted the US is in line for a steep recession -a deeper downturn caused by the Federal Reserve ‘s quest to knock down stubbornly high inflation.
We will get a major recession, Deutsche Bank economists wrote in a report to clients overnight. The problem according to the bank , is that while inflation may be peaking, it will take a long time before it gets down to the Fed ‘s goal of 2 %.
That will suggest the central bank will raise interest rates so aggressively that it hurts the economy. Deutsche bank economists say that the Fed will have to put on the brakes even more firmly, and a deep recession will be needed to bring inflation to heel.
Related-April 26 th on before its news. heading Read-X22 report -Central Bank just Signaled that they have been trapped ! Nothing can stop this-must see video. .
Video up on Rumble .Episode 2759a
IMF director admits they printed too much money, they thought no one would notice, they thought the global economy would be shut down. The Fed is trapped, they will not be able to control what is coming. The people are realizing that they need to protect their own wealth.
Thanks Anne,
Great information:
Yes future looks pretty Grim. The Federal reserve are completely incompetent. One could always ask – Was this deliberate to destroy Western economies and bring in the Global RESET? I may have to retire early to protect superannuation,
God bless, Phil
Yes Phil ..I Must say I have had a bit of a full on day. Pondering all that has been shown, Economy ,rising Inflation, Food, petrol prices, for many finding it difficult-hard.!
Another headline today :Millions (approx 6 million people) of eligible Aust ‘s to receive a one off payment of $250 dollars from today April 27th to help with rising living costs, those on all types of pensions, Eligible veterans affairs recipients, Job seeker payment Youth Allowance, Austudy & Abstudy Living allowance. Parenting payment, Carer payment etc
Another headline Young Australians giving up on a property dream.
ANZ bank also had a warning today re rising inflation & interest rates.& the flow on effects .
Also. I watched a short account of a woman talking re the engineered weather (Weather Bombs) floods that hit NSW -especially Lismore and how this all ties into them wanting to create Smart Cities & all (agendas)that will mean & include.
.
Currently: A video up on Rumble (Stew Peters network April 15th) is Maria Zee interviewing another person – Talking re [ Title: Australia ‘s Smart Cities Revealed – A Roadmap For The Whole World] .includes info on N.S.W. S.A. & Launceston Tasmania as examples..-To do with councils also. She takes
us through the various projects & Gov’t grants around Australia, and delves deeper into Smart Cities, the Metaverse,& citizen surveillance along with commentary from special guest Jay Dyer (.over 38,000 views.)
One can smell & taste, see (discern) the great- Global Reset as you mention.
My Dear youngest son (25 yr old) is discouraged & just wants to work. is finishing some online study @ the moment but he mentions tonight in chatting that he would rather be living somewhere else ;mentioned the US but he has no friends or contacts over there He lives @ home with us & his eldest brother. He has a car and enjoys that freedom @ least.
I was horrified .@ the prospect of seeing how disgruntled he is with the situation here in our home state. Because of having to have jab to work. etc.
https://www.thegatewaypundit.com/2022/04/sri-lanka-government-suspends-external-debt-payments-signaling-bankruptcy-due-impacts-covid-19-ukraine-war/
Nice catch. Noticed this as well and thought of Wilkerson. The countries Sri Lanka are stiffing appear to be mostly China followed by Japan. Possible this will create upstream indirect pressure on the EU via China. On the other hand SL’s external debt is under 51B euros so may be too small to matter much
If you care for the separate, unrelated (not Wilkerson’s) interpretation of the 10 horns on 7 heads being the Club of Rome’s 10 bio-regions on 7 continents, and you read the verse which says that a Little Horn uproots the first three, and you look up numbers 1,2,and 3…
Germany, Japan, and US.
Germany (true Judah) has been sending “reparations” to the world’s greatest scammers since the satanic “Treaty of Versailles.” They need to end that…yesterday!
Say, aren’t all those countries allowing MASS illegal immigration? Including a now bankrupt America?
I have been following Wilkerson’s economic vision for years! Japan’s currency is weakening as we speak:
https://www.barchart.com/futures/quotes/J6Y00/technical-chart
The last 8 years commenced on 10/31/21:
https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/
Found a link to a site today called Economic prism.com – person left a link and a comment by Rob. April 03 2022@ 6.36pm..? this is yourself or another Rob. he posted a link tosumofthyword.com-mystery- babylon-the- great-and-her-beast/
I read the same in the afternoon. Scrolling down this article and verses he has written under verse Isaiah 14:12-14 There is a planned economic reset that will replace cash with digital currencies which requires the” world wide web.” to buy & sell. This will give the beast the ability to control who can buy & sell by controlling who can access the internet through which all exchange will soon take place: in Red print Revelation 13:17
Centralized Digital Currency- more Info.-All this was the First of my finds- read from April 01st and up to today April 06th.2022.
Re Economics- World Gov’t Summit held in Abu Dhabi on 29th March 2022.announced plan for a New Centralised Digital Currency.( Pippa Malmgren,-Economist at the World Gov’t Summit 2022-She states her belief that the world financial system is about to switch accounting systems & digital money . Not decentralised cryptos but centralized CBDC’s (central bank digital currency that is traceable).
Who is Pippa Malmgren? a top American Economist who served as a special advisor to George W. Bush made a statement that confirms everything that a few have been reporting for some time- that a cashless society is looming right around the corner.
Pippa Malmgren is a globalist and elitist. Her father was an advisor to Richard Nixon and she has advised presidents & prime ministers around the world .One of her favourite topics over the last two years has been the upside of Covid. if that provides any clues to her worldview>.(+World Economic Forum- Great Reset.) There is much info on her website.
I read the original article + video of World Gov.t Summit 2022 on Before its News article- posted 01 April then reading another Christian Believers site and the same thing was mentioned re new Digital Currency.- traceable & programmable thru digital ID. and social credit scores etc Mentions the Great Reset-WEF. hinges on two things -global digital currency and global digital identity for every man, woman & child.
Another article by Lance D. Johnson 04th April 2022. for- Natural News- World Gov’t Summit- A Centralized Digital Currency is Coming and there will be no privacy or autonomy.. Biden regime now experimenting with a US. Central Bank Digital Currency-CBDC) on a multi-country experimental basis A totalitarian new world order is being normalized; compliance is being rewarded.
Biden is planning a new Digital currency. Here’s why we should be concerned.(link @ the hill.com/opinion/finance/599768
As of early April 2022, Germany is almost out of natural gas. If Germany refuses to buy natural gas from Russia as defined by Russia in Rubles, its natural gas supply will be cut off. This will quickly throw the Germany economy into recession and then depression. The USA can not make up for the loss of Russian gas. It would take 1700 CNG tankers a day to offload their CNG to make up for the Russian CNG gas. The entire world does not have 1700 CNG tankers. Those countries that were quick to agree with the USA to hurt Russia with sanctions are now finding out that Putin has some of his own sanctions they are going to have to live with or freeze. Meanwhile, their factories are about to be shut down. What do you think will happen to the German economy when its factories shut down?
Great depression in Germany led to the rise of Hitler. Hitler may not have been the Antichrist. But he had the spirit of Antichrist. The coming Antichrist will be very much like the Hitler of the 1930’s and 1940’s. I think the coming mannerisms and methods of Hitler will be very much the same of the coming Antichrist.
Perhaps the coming Antichrist will rise out of Germany. Perhaps economic problems in Germany will allow the rise of the new Hitler.
“Mystery, Babylon the Great” will also fall to usher in the new Antichrist system of the beast. It certainly could be that the USA is this “Mystery, Babylon the Great”.
Rumor that Deutsche Bank filed for bankruptcy yesterday and it will be in the mainstream press soon. This would be a major trigger for global financial problems and potentially kickoff Wilkersons vision. The rumor was out yesterday. Last night Steve Quayle picked it up and started vetting it, his alerts section has an update. Michael Snyder picked it up and a zerohedge article is out.
The Fed is pumping perhaps enough money into the repo market to limp DB along, but it wouldn’t last long and would require double of the QE that is not QE going into the repo markets.
Still looking for mainstream news to fully confirm or not. This could topple most of the worlds economies
https://www.zerohedge.com/markets/deutsche-bank-death-watch-has-taken-very-interesting-turn
Rumors have been circulating for years about DB’s problems, which aren’t going away and will eventually erupt into some kind of crisis, but my guess is it happens in the fall of 2020. I don’t see it happening any sooner than that based on the information I have.
James Bailey, I wouldn’t become complacent about this issue of DB.
It might already be happening…….
I remember Bo Polny talking about November 4 – 5.
Things might be happening in secret, the News being suppressed, until it is too late.
I remember an old prophecy that claimed that US will have bank problems about 3 weeks after a European Bank problem.
Lois Vogel Sharp says the Lord has showed her the U.S. will have a big 1929-type market crash before Christmas this year (2019), that QE is not working, and that Trump will somehow help the country afterwards using his financial expertise. I’m looking to convert more of my parents’ stocks to precious metal-type stocks. It probably can’t hurt to have cash on hand as well.
She may be right, but LVS has been wrong so many times in the past that I have trouble believing her this time. Only time will tell.
I also was warned about a repeat of a 1929 crash in a dream a few months ago. I wasn’t shown any dates, but was initially thinking it could be this year. However, I now think it’s in the fall of 2020, but is preceded by a significant drop that hits bottom in the spring of 2020, possibly around the spring equinox. I think 2019 ends with a strong rally up to new all-time highs that might carry into the first part of January, but then the first big drop begins.