The Leaders Framework Agreement at the Brussels July 21, 2011 Summit declared a default in Greek sovereign debt and established a Liability Union and a region of global economic governance with the objective of economic competitiveness imposing austerity. Such a region is one of ten called for by the Club of Rome in 1974.
The Leaders Agreement was ordained by God and is a fulfillment of Bible Prophecy by both the prophet Daniel and the Apostle John..
Daniel interpreted Nebuchadnezzar’s dream as a Progression of Kingdoms in Daniel 2:31-35 and prophesied five kingdoms to rule over mankind:
1) Head of Gold: Babylon Empire
2) Chest and Arms of Silver: Merdo-Persian Empire
3) Belly and Thighs: Greek Empire
4) Legs of Iron: Roman Empire
5) Feet and Ten toes of Iron And Clay: British Empire and American Imperialism and ten regions of global governance
The Leaders Declaration of Greek Default marks the transition into the days of the ten toed kingdom of dictatorship and state corporate rule in ten regions of global governance.
One of these ten regions, the Eurozone will manifest as a revived Roman Empire led by a Chancellor whose power will rival that of Charlemagne. The Sovereign will be accompanied by an adept European Banker, the Seignior. Their word, will and way, will work through regional framework agreements, to provide both economic governance as well as seigniorage, that is moneyness, in the coming Age of Deleveraging and Neofeudalism, which replaces the Age of Leverage and Neoliberalism.
The elements of iron and clay symbolize diktat and democracy, and are by nature non-cohesive building materials. Eventually the fifth kingdom will give way to mankind’s sixth government, that is a one world government ruled by the Sovereign and described as beastly in Daniel 7:7, Daniel 7:22-25; Revelation 13:5-10 and Revelation 13:11-18.
The currency union know as the Eurozone was transformed into a Liability Union by Leader’s Announcement. Those living as citizens living in the former sovereign nations are now all one, sharing in the debts of one another and living as residents in a region of global government. Sovereign individuals have been replaced with sovereign leaders who have effectively waived national sovereignty.
This debt union is also a transfer union as France and particularly Germany will be providing the lions share of funding for the EFSF bonus. Thus by France’s Nicholas Sarkozy insistence, the Leader’s Agreement establishes essentially a European Monetary Fund, that is an European Treasury, long opposed by Germans, which in effect will create Eurobonds and recapitalize banks and the ECB will provide liquidity.
This Federal Union is a Fiscal Union as well, as goals for competitiveness, that is austerity, are part of the Leaders’ Announced Plan. Fiscal Authority of sovereign nation states has been sacrificed by European Leaders, as Greece and Portugal have lost their debt sovereignty to the bond vigilantes.
London Thomas and Stephanie Castle writing in New York Times article Heads of Europe Back Plan To Rescue Greece quote Mr. Buchbelt, a lawyer at Clery, Gottlieb, Steen & Hamilton as saying: “This will take maturing bonds out of the equation and it keeps the bondholders in the game and ultimately will make them share in the pain. Everyone knows that something more drastic is coming; but when it comes you want it to be the bondholders not the taxpayer.”
To that I say, the Leaders’ Framework Agreement for Greek Default is paving the way for servitude of all Europeans.
Sovereign Debt, in large part served as the seigniorage for the Age of Neoliberalism. While Sovereign Debt can be and will be declined to be repaid, it is a liability that can only be repudiated by a sovereign and independently ruling government.
In the Age of Neofeudalism, the coming Sovereign, will never repudiate the debt. Rather, He and the Seignior, will apply it to every man woman and child on planet earth, as their word will and way will be the basis of the new seigniorage.
The Declaration of Greek Default is not a declaration of independence, but of interdependence, and has established a new era of regional economic governance and a new seigniorage coming from the EFSF Monetary Authority, the European Treasury.
The Declaration of Greek Default has laid the foundation for the rise to power of the Sovereign and the Seignior whose word, will and way, will be both governance and seigniorage, that is moneyness in the age of Neofeudalism.
The experience of the Euro Currency Union was a failure as the Greeks failed to enact labor market reform as well as failed to implement responsible tax collection policies with the result that Greek society produced patronage and pork, as an entire culture of the government worker formed as nearly all became employed by the state and professions were closed. Now one should look for the final Leaders Statement which will prescribe “legally binding national fiscal frameworks” with “competitiveness goals” which effect fiscal policy, not at the state level, but at the federal level. Greeks cannot become Germans, yet all will be for and under one, specifically One Government and One Leader, The Sovereign, and his banker, The Seignior, who together will impose austerity and debt servitude for all
Respect for and fear of the Sovereign and the Seignior will be the basis for European government and economic existence. Soon, out of Götterdämmerung, a clash of the gods, specifically the rating agencies and the world leaders, Bible prophecy foretells in Revelation 13:3 that the head of world’s financial system will suffer massive a mortal wound, that is a stroke, but that this apparent wound to fiscal seigniorage and credit seigniorage will be healed, and that the people will be amazed and follow after the beast system of corporatism and regional governance. The Bible specifically foretells in Revelation 13:4, that people will wonder after and give allegiance to global governance, as all vestiges of national sovereignty is swept away.