There's another etymological reference in the use of Luther>Loser/Angel.
Lucifer is sometimes depicted as a six-winged angel in his pre-fallen angel incarnation. When he fought against the armies of heaven to conquer them, he lost and was condemned to eternity in the pits of hell.
Falz Angel could then be read as "False Angel". The Oracle that he took over then becomes "Falz Oracle" - read it as "False Oracle" and you get "False Prophet".
I tell ya, Book of Revelations has a lot of good shit in it.
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