PROPHECY UPDATE
PROPHECY RELATED NEWS AND COMMENTARY
Wednesday, October 7, 2026
Russia's Plague Mystery: What Are The World's Labs Creating?
Three Years of Jew-Hatred
Oct. 7, 2023: Israel pauses to remember 3 years later
Nationwide events began at 6:29 a.m., the exact time Hamas terrorists launched their attack. Events include a presidential visit to the border and a national ceremony tonight to mark the third anniversary of Israel's darkest day. Protesters block Tel Aviv's main highway to protest government's conduct.
Across the country, the Israel Police commissioner and the force's senior command staff saluted and stood for a moment of silence at every site where officers and fighters fell during the initial battles to repel the invasion.
Alongside the memorial ceremonies, a national day of remembrance and protest got underway Wednesday morning, led by families from the October Council (a bereaved-families advocacy group) and protest organizations. Tens of thousands turned out at gathering points across the country to remember and to demand the establishment of a state commission of inquiry (Israel's highest-level independent investigative panel).
Outside the Modiin home of Justice Minister Yariv Levin, a protest was held Wednesday morning marking three years since the massacre.
At 6:29 a.m., a Yizkor reading (a Jewish memorial prayer) and protest were held outside the Knesset, while a display called "the Fountain of Blood" was set up at Dizengoff Square in Tel Aviv.
Alongside these, protests were held outside the homes of ministers and Knesset members who were in office at the time of the massacre, and a protest convoy departed from Caesarea, retracing the route the prime minister traveled on the morning of October 7.
Between 8:30 and 9:30 a.m., a display and protest were held at Trumpeldor Beach in Tel Aviv and at noon, a national pause will take place, with more than 500 authorities and bodies taking part. "Three years have passed, and the truth still hasn't been fully investigated," said families from the October Council, adding that the coming election campaign will put this question front and center as well.
Also Wednesday morning, at 6:29 a.m., prime ministerial candidate Gadi Eisenkot, who lost his son, Gal Meir Eisenkot, and his nephew, Maor Cohen, in the war, arrived with Shira and Moshe Shapira, the parents of the hero Aner Shapira, at the roadside shelter (a concrete bus-stop bomb shelter) in Reim where Aner fought, saved lives, and was killed
Family members of the late Libby Cohen Meguri stood for a moment of silence at 8:11 a.m., at the exact time and place where she was murdered on Road 232, near the entrance to Kibbutz Reim, as she tried to flee the Nova festival.
At 8:11 a.m., Libby called her family and told them she had been shot. As she said goodbye to her mother, father, twin brother and sister, Libby told them, "They're coming back to shoot me again." The family then heard a burst of gunfire, and Libby was murdered while her family listened to everything happen. The family later created a graffiti memorial recreating the way Libby was found.
Why Might Putin Finally Decide To Bring Ukraine To Its Knees After Nearly Five Years
Regardless of why Putin might have held off on this for so long, he’s now arguably motivated at least in part by the tantalizing possibility of reaching big-ticket resource deals with the US after the conflict ends, the details of which his and Trump’s envoys have been negotiating for over a year already.
The New York Times cited allegedly intercepted Russian communications to report that Russia plans to obliterate Ukraine’s power, heating, and water systems this winter. While their claim can’t be confirmed, it aligns with Putin mildly “escalating to de-escalate”over the summer in response to Zelensky’s strike campaign, which has taken the form of ramping up attacks on Ukrainian infrastructure. If the report is true, then Russia doesn’t just aim to sever Ukraine’s military logistics, but to bring Ukraine to its knees.
Putin has thus far eschewed this arguably due to his belief that Russians and Ukrainians are kindred people. Some have suggested that Russia might not have had the drone and/or missile capacity to do so earlier, however, whether due to low production till now and/or to hedge against the scenario of a hot war with NATO. In any case, Putin now seems to have made peace with the humanitarian consequences of ending the war on Russia’s terms sooner rather than later, or at least on as many of them as possible.
He might be motivated by more than just Ukraine’s “war of attrition” against Russia that began over the summer with American backing and interestingly enough France’s as well. Treasury Secretary Scott Bessent reportedly told his Russian counterpart over the summer that no business deals are possible so long as the conflict continues. Since then, Steve Witkoff and Jared Kushner met with Putin to discuss such deals among other topics, after which Kirill Dmitriev traveled to the US to follow up on that.
For background, Putin boasted in late February 2025 that American companies “will make a decent profit” from investments in Russia’s resource industry, and Trump’s Special Envoy to Belarus John Coale recently confirmed that he received approval to pitch a Belarusian-like deal to Putin. It would involve sanctions relief in exchange for the release of “political prisoners”. Putin’s ally Alexander Lukashenko already agreed to several such deals and is now negotiating a massive potash one with Trump.
Just last week, Lukashenko also proposed a trilateral Belarusian, Russian, and US fertilizer plant deal, but that requires the US lifting its sanctions on Gazprom. Russian officials from Putin on down have called for the West to lift its sanctions on Russia, and while the US might lift some if Putin agrees to a Belarusian-like quid pro quo, the Ukrainian Conflict will first have to end for this to happen at scale. Their resultant resource-centric strategic partnership could then revolutionize the global economic architecture.
The Russian economy has survived the West’s unprecedented sanctions onslaught, largely due to the combination of its natural resources and national payment system, but its Economic Development Ministry expects only 0.6% GDP growth this year. United Russia’s landslide victory during last month’s Duma elections, the first since the large-scale phase of the Ukrainian Conflict began, gives Putin the mandate to do whatever is needed to win the war and deliver more prosperity to his people afterwards.
It’s therefore within the realm of possibility, consistent with Russia’s policy of demanding the lifting of Western sanctions, that Putin is motivated at least in part to end the conflict on as many of Russia’s terms as possible sooner rather than later so as to then reach big-ticket resource deals with the US. This imperative, which could revolutionize the global economic architecture and deliver more prosperity to his people, contextualizes the New York Times’ report about him planning to bring Ukraine to its knees.
The Petrodollar Could Break Soon—and Upend the Global Financial System
The Iran war could claim a casualty far more consequential than a missile battery, an air base, or an oil tanker: the petrodollar system.
For more than 50 years, US protection of the Gulf monarchies has helped support global demand for dollars and US government debt. That bargain may now be coming under strain.
The concept is straightforward.
The US provides military protection to countries such as Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, and Qatar.
In return, these countries price much of their oil in US dollars and recycle large amounts of their oil revenue into US financial assets, including Treasuries.
Call it an alliance.
Call it a strategic partnership.
I prefer to call it a protection racket.
Whatever name you choose, the arrangement has provided enormous support for the dollar since Nixon severed its last link to gold in 1971.
Oil sits at the center of the global economy. Every industrial economy needs it. If countries need dollars to participate in the global oil trade, they have a powerful reason to hold dollars.
That creates demand for the currency that has nothing to do with buying American goods or services.
It also creates demand for US financial assets.
Oil exporters earn dollars. They need somewhere to put them. For decades, a large portion flowed back into US banks and Treasury securities.
That helped deepen the Treasury market, support the dollar, suppress US borrowing costs, and finance deficits that no other country could sustain.
But every protection racket depends on one thing:
The protector must provide protection.
The Iran war threatens that premise.
If the Gulf monarchies conclude that the US cannot protect their oil infrastructure, shipping lanes, cities, and regimes from Iran, why should they continue upholding their side of the bargain?
That question could reshape the international monetary system.
And one man warned almost exactly 20 years ago about the signal that would tell us this shift had begun.
Ron Paul Saw This Coming 20 Years Ago
On February 15, 2006, Congressman Ron Paul delivered a little-known but prophetic speech on the floor of the House of Representatives called “The End of Dollar Hegemony.”
He identified the signal investors should watch for:
“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.”
I discussed this subject with Ron Paul at an investment conference years ago. He stood by that assessment.
His point was simple.
Watch the oil producers.
The day they start moving away from dollars and toward gold—or a monetary system that gives them access to gold—the foundation beneath the dollar-based financial system starts to crack.
We may now be approaching that point.
Why the Gulf States Could Turn East
The Gulf Cooperation Council includes Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, and the United Arab Emirates. Together, these countries rank among the most important oil exporters on Earth.
China sits on the other side of that trade.
It is the world’s largest oil importer and the GCC’s largest trading partner.
That creates a natural relationship: China needs enormous quantities of energy, and the Gulf states need enormous markets for their oil.
For years, China and the Gulf states have discussed ways to conduct more trade outside the dollar system.
But the Gulf monarchies faced a constraint.
They depended on the US security umbrella.
Moving too far toward China risked alienating the country they counted on to protect them.
The Iran war changes that calculation.
If the Gulf states conclude that Washington cannot protect them from Iran—and that the American military presence can turn their countries into targets—the value of that security guarantee falls.
They then have a powerful incentive to reach an accommodation with Iran while deepening economic ties with China.
That would weaken one of the political foundations supporting the petrodollar.
And China has spent years building an alternative.
From the Petrodollar to the Petroyuan—and Gold
China understands the biggest problem with asking an oil producer to accept yuan.
Why would Saudi Arabia, the UAE, or another exporter want to accumulate piles of Chinese currency?
Beijing has spent years developing an answer.
In 2018, the Shanghai International Energy Exchange launched a yuan-denominated crude oil futures contract. That gave oil producers another mechanism for pricing and trading crude outside the dollar.
But China has also built something that makes the yuan far more useful to commodity exporters: a path from yuan into physical gold.
An oil producer can sell crude into the Chinese market, receive yuan, spend those yuan on Chinese goods, or use China’s financial and gold-market infrastructure to convert surplus yuan into physical bullion.
That changes the proposition. The exporter does not have to choose between holding dollars and accumulating piles of yuan. It can turn part of its trade surplus into an asset with no issuer, no counterparty, and no foreign government standing between the owner and the wealth.
Think about the difference.
Under the dollar system, an oil exporter sells a finite natural resource and receives financial claims issued by the US government.
Those claims carry political risk.
Washington demonstrated that risk when it froze Russia’s reserves after the invasion of Ukraine.
Gold carries no such counterparty risk.
Nobody can print it.
Nobody can default on it.
And once an oil producer takes physical possession, no foreign government can freeze it with a keystroke.
From the perspective of a country trying to reduce its exposure to Washington, that has obvious appeal.
A viable path from oil to yuan to physical gold gives Gulf producers a way to reduce their dependence on the dollar without accumulating large reserves of Chinese currency. If the Iran war weakens confidence in US protection, the financial infrastructure needed to move away from the petrodollar already exists.
The Gulf states have a path from oil to gold that bypasses the dollar. But what happens to your wealth if they take it?