As a result, governments who cannot afford the interest on their debt are facing a dilemma. They can appease the bankers by offering up their national resources as bargaining chips and instilling extreme austerity measures among the citizens and risk rioting and revolution, or they can default. If they default, their sovereign debt becomes worthless to any lender, and those who hold the now worthless debt and are already highly leveraged face ruin when they have to devalue their assets.
This scenario is being played out across the whole continent of Europe right now. Greece is being propped up by major bailouts from healthier countries like Germany. Countries such as Greece, Italy, Portugal, Spain, and Ireland are also likely to line up for bailout support from European Union. EU support of a smaller economy like Greece may be possible. However, when larger economies like Italy need similar support that the EU cannot or will not bailout, the house of cards will begin to fall. Banks that hold their debt will fold. Capital will freeze up. Business will be paralized. Jobs will be lost. And anarchy will prevail.
Is this just an absurd scenario? Not according to respected leaders of the financial markets. Andrea Enria, chairman of the European Banking Authority, described current market conditions as "under severe strain" as he said: "Further deterioration in the sovereign debt crisis might raise serious challenges."
Politicians and world leaders often say they don't want to "waste" a crisis. The coming world-wide economic collapse that I believe will start in Europe is a necessary step in order for the world to accept an alternative solution to national currencies.
For years, world leaders have argued for a one-world currency. US Treasury Secretary Tim Geithner recently shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
The eventual one-world leader, known in the Bible as "the beast" or the "antichrist" will also adopt a one-world currency in his rule.
It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man. That number is 666. (Revelation 13:16-18)
With the use of today's microchip technology, marking people for the purpose of controlling what they can buy or sell is now possible. In fact Aaron Russo has openly discussed private conversations he had with Nick Rockefeller that the goal of the elite bankers is to ultimately microchip and control the entire population.
We seem to be on the brink of a world-wide financial collapse that will be tailor-made to usher in the New World Order, led by the antichrist, that's now being openly mentioned by leaders around the country. The time is at hand. The end is near. Are you ready for our Lord when He comes for His saints? Only 28 days left to Rosh Hashanah!
----------------------------------------
Faith or Fear
As we ponder the terrible economic times ahead, we can take comfort in God's promise to keep us from the trial the rest of the world must endure. Consider what God says:
But since we belong to the day, let us be sober, putting on faith and love as a breastplate, and the hope of salvation as a helmet. For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ. He died for us so that, whether we are awake or asleep, we may live together with him. (1 Thessalonians 5:8-10)
Since you have kept my command to endure patiently, I will also keep you from the hour of trial that is going to come on the whole world to test the inhabitants of the earth. (Revelation 3:10)
In the meantime as we wait for His appearing, let's not fear. "For the Spirit God gave us does not make us timid, but gives us power, love and self-discipline." (2 Timothy 1:7)
--------------------------------------------
Prayer Suggestion
"O Lord, may I fear You and only You with a godly fear. As I look around me, enable me to boldly speak to others about You. Without You, there is no hope. May my character, conduct, and words speak to others about Your grace offered through faith in Jesus Christ, Our Lord. May I not shrink back from my responsibility for being a minister of reconciliation and good ambassador of Jesus. It's in His name I pray, Amen."
No comments:
Post a Comment