Bible Prophecy Reveals A Diktat Money System Is Rising To Replace The Fiat Money System

Financial market reports for Thursday June 28, 2012

1) … Oil, USO, Gold,, GLD, and Silver, SLV, traded sharply lower today, turning Commodities, DBC, lower,  as the US Dollar, $USD, UUP rose, and the commodity currencies, Brazilian Real, BZF, Canadian Dollar, FXC, and the Australian Dollar, FXA, fell in front of the European Leaders’ Summit.   

European Financials, EUFN, traded sharply lower, turied World Financials, IXG, lower. The UK Banks, BCS, RBS, LYG, HBC, fell very sharply, Germany’s DB, fell strongly, and Switzerland’s UBS and CS traded lower.

Silver Miners, SIl, Gold Miners, GDX, GDXJ, and Copper Miners, COPX, traded sharply lower on the lower precious metal commodity, JPP, prices. Of significant note, Jack Chan of JC’s Buy and Sell Signals, gave a sell signal on gold , GLD, exactly a week ago today on Thursday June 21, 2012.    

Bonds BND, rose, as US Stocks, VTI, led by Airlines, FAA, Biotechnology, XBI, Nasdaq 100 QTEC, Nasdaq, QQQ, Networking, IGN, Cloud Computing, IGN, traded lower, turning world stocks, VT, lower. .

2) … EU news in front of the June 2012 Summit Of European Leaders.

Open Europe relates Spanish Prime Minister Mariano Rajoy told MPs that he will continue to push for the Spanish bailout money to go directly to banks, so that the loan “does not undermine the rights of other holders of [our] public debt.” Meanwhile, El País reports that the deficit of the Spanish central government has reached 3.41% of GDP in the first five months of the year, with the ceiling agreed with the European Commission for 2012 set at 3.5%.  El País El País 2 Telegraph Expansión Expansión 2 El Mundo Repubblica

Open Europe relates Handelsblatt suggests that Luxembourg’s Prime Minister Jean-Claude Juncker is likely to be confirmed as Eurogroup Chairman.

Robert Wenzel of Economic Policy Journal relates Yannis Stournaras, a technocrat that was part of a team that negotiated Greece’s entry to the euro using bogus economic and financial data, has been appointed as new finance minister, the government announced. I relate that he is head of IOBE, an independent economic and business think-tank supported by the Greek federation of industrialists.

Euro Intelligence relates The Padoa-Schioppa report recommends a structural reforms, a monetary stabilization fund, the sacrifice of sovereignty with a European debt agency, and a banking union. Henrik Enderlein, and nine others, of the Tommaso Padoa-Schioppa Group, write Completing the Euro: A roadmap towards fiscal union.  25 years ago, a Study Group on the “Integration Strategy of the European Community” chaired by Tommaso Padoa-Schioppa published a Report that later became the basis for Economic and Monetary Union in Europe. That Report referred to a long-term “social contract” between the Community and its Member States, based on competitive markets, monetary stability, an equitable distribution of the gains in economic welfare, and actual growth performance. Today, this European social contract is at risk. A break-up of the euro area can no longer be excluded. We are concerned that a possible process of monetary disintegration, once started, could prove impossible to stop and would therefore run the risk of leading to process of political and economic disintegration in the euro area and the European Union. i

Policy actions in four areas are required.
The first element is the completion and fostering of the Single Market in order to allow the real exchange rate channel to work more effectively. The euro-area needs to become a truly integrated economic area. To achieve this goal, domestic institutional adjustments to increase the responsiveness of wages and prices are also required.
The second element is a cyclical stabilization insurance fund to counter some of the effects of the “one size fits none” monetary policy. Such an insurance fund, which should be created outside the EU budget and remain under direct control of national parliaments, would work in a largely automatic fashion and, if rightly devised, not lead to long-term transfers in only one direction.
The third element is a rebalancing of fiscal rights and fiscal duties in the common currency area. We argue that euro area countries should become subject to much stricter budgetary surveillance and be willing to give up some elements of their sovereignty when they are cut-off from the market. The core principle should be: sovereignty ends when solvency ends. But at the same time, the euro-area as a whole should ensure that adequately priced access to sovereign financing is generally possible, also in crisis times. To allow for the implementation of that third element, we suggest the creation of a European Debt Agency (EDA) that would allow a flexible refinancing possibility to countries in exchange for a stepwise transfer of sovereignty.
The fourth element is a euro-area banking union. To solve the paradoxical set-up of financial market integration and banking supervision, the creation of a euro-area banking supervision authority with micro-prudential supervision powers is required. This role could be conferred upon the ECB. In parallel, the creation of an agency administrating a European deposit insurance would be required.
EuroIntelligence relates the original report is found on the Notre Europe website, and we have a summary of the challenges and conclusions here.   

Curiosity Cat relates The new road map to the United States Of Europe. The latest document published in

Consilium Europa titled Towards a Genuine Economic and Monetary Union, was released by European Council President Herman Van Rompuy and was drawn up with the presidents of the EU Commission, the Eurogroup and the European Central Bank. Eurogroup president Mr Van Rompuy said it was “not meant to be a final blueprint”, but that he expected “to reach a common understanding amongst us on the way forward” at the EU summit.

John Mauldin asks What will Germany Do?

Telegraph relates Q&A: the Gang of Four’s euro plan. It is billed as the master plan to save the euro and has been grandly entitled “Towards a genuine Economic and Monetary Union”.

3) … In general news of the day

Jim Quinn of The Burning Platform  asks Who destroyed the middle class — Part 3
Martin Armstrong asks How do empires die?
Gary North relates Panic in the new world order
Bloomberg reports Congress said to delay automatic budget cuts until May
Reuters reports Moody’s downgrades 11 Brazilian banks. Moody’s Investors Service said it had downgraded the ratings of 11 Brazilian financial institutions in line with its review of global banks.
Telegraph reports Banks face billions of dollars of claims after Barclays settles. Damages claims running to billions of dollars against the world’s biggest banks have been given fresh “credibility” by Barclays £290m Libor settlement, lawyers said

4) … Bible prophecy reveals a diktat money system is rising to replace the fiat money system.

The seigniorage of Neoliberalism, that is the moneyness of the Milton Friedman Free To Choose floating currency regime is history. The seigniorage of Neoauthoritarianism, that is the Guido Westerwelle, ECB, and Troika diktat money system is rising to rule the Eurozone..

Through fate, Revelation 2:26-28, Revelation 1:1, and not any human action; the debt trade that underwrote capitalism, is the paradigm of a bygone era.  The new paradigm of debt servitude that is underwriting regional governance is coming to the forefront of a new era of human political and economic activity.

We are witnessing the fulfillment of bible prophecy with the establishment of the Guido Westerwelle’s Future Of Europe Group, The Manifesto for a New Europe will be announced in September.

Open Europe reported France to join Guido Westerwelle’s Future Of Europe group in July 2012. The Times reports that, from next month, France will join German Foreign Minister Guido Westerwelle’s ‘Future of Europe’ group – a group of ten EU member states, excluding the UK, that has been meeting to discuss the future political architecture of the EU, including the prospect of creating a European finance minister, a beefed up European border police force and a European army. In an interview with Le Figaro, Westerwelle said, “We need to discuss without taboos the ways to strengthen Europe and make it more effective and capable to act.”.

God’s word of prophecy, in Daniel 2;30-33, that a ten toed Kingdom of regional governance, of partial iron, that is diktat, and partial clay, that is democracy, will emerge from the UK and US iron hegemony, that has ruled the world since 1776. This will come through Financial Armageddon, seen in Revelation 13:3.

Then, the ten horned beast, that is the ten nation monster of the “Future of Europe Group” totalitarian economic rule, will rise from the debt crisis of the Mediterranean Sea nation of Greece, as foretold in Revelation 13:3-4.

The First Horseman of the Apocalypse, Revelation 6:1-2, is passing the baton of sovereignty from failed nation states to sovereign bodies and and sovereign leaders who will announce regional framework agreements, waive national sovereignty and pooling sovereignty regionally. The dynamos of Neoliberalism were global growth, global trade, and corporate profit and are now winding down crony capitalism and European Socialism. The dynamos of Neoauthoritarianism are regional security, regional stability, and regional sustainability and are now powering up regionalization.

There is waiting in the stage of Europe’s wings, the most capable of sovereigns. Soon the Sovereign Lord God, Ephesians, 1:1-23, will open the curtains, and into the limelight will step the Sovereign, the EU’s Leader, Revelation 13:5-10; and he will be accompanied by the Seignior, the EU’s Finance Minister, Revelation 13:11-18.

Candidates for the Sovereign include Olli Rehn, Herman van Rompuy, Jean-Claude Juncker, and Guido Westerwelle; and candidates for the Seignior include Jens Weidmann and Mario Draghi.

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