Bible prophecy of Revelation 2:27 communicates that God is destroying nations and national sovereignty, and all current forms of economic life, such as Capitalism, and Greek Socialism, so as to reveal the sovereignty of his Son, by providing a European superstate, as part of a ten toed kingdom of regional economic government, Daniel 2:42, where eventually ten kings will rule in each of the ten toes, that is the world’s ten regions, Revelation 17:12-14.
Sovereign Armageddon, a credit bust and global financial breakdown, is imminent. It will come out of Gotterdammerung, the clash of the gods, that is the conflict between world leaders and investors, Revelation 13:3:4, One Leader, the Sovereign, Revelation 13:5-10, and his banker, the Seignior, Revelation 13:11-18, will arise to speak for and to the Eurozone, which will be transformed into a Federal Europe as leaders meet in summits and wiave national sovereignty, and implement a Fiscal Union, empower the ECB as a bank, and develop a common European Treasury.
Structural reforms will be made to national labour law. The Constitutional right to not be terminated from a state job in Greece will be abrogated. Renee Maltezou of Reuters write Constitutional Crisis Looms: Greece to tackle difficult task of firing state workers.
Bank reorganization will be the order of the day: banks will be nationalized, that is integrated with the government and be known as the government bank or gov bank for short.
Sovereign Armageddon will lead to new leadership in the EU. The Eurozone’s leader will most likely be Herman Van Rompuy. Sovereign authority will exist in him and his banker; they will be the Eurozone’s government. Seigniorage, that is moneyness, will no longer be based upon debt, but rather will be based upon the diktat of austerity measures and debt servitude; people will be amazed by this, and place their faith in it, and give their full allegiance to it, Revelation 13:3-4.
Under Neoliberalism, fiscal sovereignty came from sovereign nations issuing sovereign debt. But under Neoauthoritarianism, where nations have lost their sovereign debt authority, the Sovereign and the Seignior will have fiscal sovereignty. Credit will not come from the securitization of debt; but rather from the word, will and way of sovereigns and stakeholders appointed from industry and government. Lending will only go firms that are key to the region’s security and prosperity.
Some make the case for breakup of the Eurozone. Edward Harrison wrote in early September in Credit Writedowns stating breakup of the euro zone is likely. Mike Mish Shedlock in June, wrote “the policy decisions that governments and the EU are making cannot be maintained politically in the periphery or in the core”. Nouriel Roubini wrote the Eurozone could break up over a five-year horizon. And Mr. Shedlock writes: “We both stated that the key to maintaining the euro zone at all was the potential for closer integration of the member states. But the German Constitutional Court decision makes this nearly impossible.” Ambrose Evans Pritchard relates German court curbs future bail-outs, bans EU fiscal union.
Austrian Economists have a hero in Ron Paul, whose philosophy is fathered by Murray Rothbard, Ludwig von Mises, and Friedrich Hayek, and continued today by Lew Rockwell of the Mises Institute. As a group, those of the Austrian School of Economics envision a world with sovereign individuals and sovereign nations each with its own currency.
Murry Rothbard advocated abolition of government control of society and the economy. In The Ethics of Liberty, Rothbard asserts the right of total self-ownership, as the only principle compatible with a moral code that applies to every person, a “universal ethic”, and that it is a natural law by being what is naturally best for man. In Man Economy and State, he broadly presents Austrian economic theory.
Ludwig von Mises came out for a free market economy in Socialism An Economic and Sociological Analysis. Wikipedia relates that after the fall of the Soviet Union, Robert Heilbroner, a lifelong advocate of socialism, said that “It turns out, of course, that Mises was right” about the impossibility of socialism. “Capitalism has been as unmistakable a success as socialism has been a failure. Here is the part that’s hard to swallow. It has been the Friedmans, Hayeks, and von Miseses who have maintained that capitalism would flourish and that socialism would develop incurable ailments.” Ludwig von Mises in Human Action, developed the theory of the ‘sovereignty of the consumer’ in a free-market economy where the consumer ultimately dictates everything that happens. He is quoted as saying” The main characteristic of collectivism is that it does not take notice of the individual’s will and moral self-determination.”
Friedrich Hayek in The Denationalization of Money, advocated that rather than re-instituting a government mandated gold standard, a free market in money be allowed to develop, with issuers of money competing with each other to produce the best, most stable and healthy currency. Hayek’s work developed what is known as the Austrian Theory of the Business Cycle. In The Road to Serfdom, he critiqued socialism and communicated that all forms of collectivism will eventually lead to tyranny.
Libertarians desire freedom but God is exercising his sovereign will, Ephesians 1:9-10, so that all will be one living in debt servitude. Despite William Lyon Mackenzie King’s warning, presented in BATR, Totalitarian Collectivism is the way of the future. Mr King writes, “Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile. Once a nation parts with control of its credit, it matters not who makes the nation’s laws. Usury once in control will wreck any nation”. As seen in Revelation 13:1-4, God is moving the whole world toward state corporatism, that is statism, where the Beast Regime of Neoauthoritarianism, with its seven heads, symbolic of mankind’s institutions, and ten horns, symbolic of the world’s ten regions, which will come to rule all, replacing the Milton Friedman Regime of Neoliberalism, which ruled from 1971 to July 2011.
Perhaps one might enjoy the article I’m Not A Free Individual