Charles Hugh Smith, author Of Two Minds website, relates It’s Your Choice, Europe: Rebel Against the Banks or Accept Debt-Serfdom. The European debt Bubble has burst, and the repricing of risk and debt cannot be put back in the bottle. The Great European Debt Bubble has already burst, and so now it boils down to a simple choice: debt serfdom or open rebellion against the banks that profited so handsomely from the euro fantasy. In simple terms, this is the stark reality: now that debt and risk have been repriced, Europe’s debts are completely, totally unpayable. Austerity won’t put the repricing/bubble burst genie back in the bottle. Either accept the endless debt serfdom of ever rising interest payments and lower income and productivity, or rebel against your pathetic lackey leadership and renounce the entire mountain of unpayable debt. Grasp the nettle and renounce the euro as the fundamental cause of your fantasy and collapse, and revert to national currencies which enable the market to discover the price of your underlying productivity and ability to borrow money.If you want a model for sanity and growth, look to Iceland. They renounced their unpayable debts and debt-serfdom, and let the market reprice their currency, debt and risk. The nightmare is past for them; they chose wisely. Now it’s your turn to choose. The debt-serfdom will fall to you, not the banks or your Elites.
Mr. Charles Hugh Smith does not recognize the Sovereignty of God and that God made a decision in eternity past to subject mankind to debt servitude and to bring forth his Son’s provision of a kingdom on earth, Revelation 2:26-27.
A New Europe is emerging, it will be based upon intergovernmental compacts.
The concept of a fiscal compact providing a fiscal union and an intergovernmental Europe with iron discipline is emerging, as leaders labor in a ten day marathon to resolve the European sovereign debt crisis.
Ian Tranor of the Telegraph reports Merkel Calls For Fiscal Union. Chris Iggo, head of fixed-income investments at AXA, said: “The outcome to the crisis is breakup or makeup. The makeup option involves throwing in the towel on the idea that national sovereignty can be fully preserved in a monetary union.” Merkel is pushing for a new enforceable regime under which countries using the euro would ultimately need to sacrifice budgetary and fiscal powers to a European authority that would monitor and then either endorse or veto budgets. It would penalise those whose debt levels are deemed to be destabilising the currency. She said, however, that there was no quick fix to a crisis that had taken years to develop, and stressed there was no danger for German budgetary sovereignty.
Julia Kollewe of the Telegraph reports Angela Merkel And Nicolas Sarkozy Meet In Paris For Fiscal Summit. They propose centralised control over tax-and-spend policy for the 17 member countries could calm the markets and save the euro. Merkel spelled out her proposals for fiscal union in a speech to the German parliament last week, and ECB president Mario Draghi has talked of the need for a “fiscal compact”. Merkel, backed by the Netherlands, wants a regime under which eurozone countries would surrender fiscal powers to an independent European authority that would be able to veto budgets.
A European super state will be the first authoritarian kingdom of the ten toed kingdom of regional economic government identified in bible prophecy of Daniel 2:31-44.
This is unknown to many, such as Mike Mish Shedlock, who relates Peter Tenebrarum writes in article Apocalypse Postponed – For Now, “The euro will disintegrate within weeks.” And Mr. Shedlock relates, “The euro-boat is filling up with water and will eventually sink, only the timing of when and how is unknown.” I take this to mean that he believes that the EU will soon no longer be in existence as a political and economic entity.
In order to get people’s attention, Gods shaking the economic, political and investment bedrock of Neoliberalism, and is sending the first horseman of the apocalypse, Revelation 6:1-2, to effect a coup d etat in the EU nations, by installing technocratic government in Italy and Greece, and by starting a dislocation out the stocks which saw the greatest gains from ponzi financing and carry trade investing that came with the Milton Friedman Free To Choose floating currency regime, as seen in this Finviz Screener of EWO, EZA, EWZ, EPOL, EIS, ECH, EWI, INP, TUR, ARGT, CEE; also seen in this Yahoo Finance chart and in this Google Finance Chart.
A number of EU nation states lost their debt sovereignty when their interest rates soared above six percent; and the European Financial Institutions, EUFN, are insolvent. Given that both the EU nations and their banks are insolvent, the seigniorage of fiat money has ended, and the seigniorage of diktat has commenced. Not by any human action, but rather, at the appointed time, God will open the curtain, and the Sovereign, Revelation 13:5-10, and the Seignior, Revelation 13:11-18, will step onto the world’s stage to rule the Beast regime, Revelation 13:1-4, as it rises from the profligate Mediterranean Sea countries. This behemoth of regional global governance and statism has seven heads, symbolic of mankind’s seven institutions, and ten horns, symbolic of its governance in the world’s ten regions. A collapse of sovereign debt and the world’s banking system is imminent. And out of this crisis, a New Europe, whose sovereign authority comes from the 1974 Clarion Call of the Club of Rome for regional economic government, will provide a degree of economic security for corporations and governments; and the people will be amazed, and place their faith and trust in the seigniorage of diktat, as foretold in bible prophecy of Revelation 13:3-4.
Who might this Sovereign be? Herman van Rompuy is a leading candidate. And who might the Seignior be? Very possibly Mario Draghi.
Len writes The European Union has been set up by stealth, I suspect very few people knew of the real purpose and intentions behind those who set up E U. The intentions of those who set up the E U were to consolidate power into the hands of a few unelected men, and they have done this by increments, the noose has tightened so slowly and surreptitiously that many were not even aware of what was happening until it was too late! Of course this all comes as no surprise to God as he laid this all out in the book of Daniel in the Bible. Daniel is also important for anybody who wants to understand Bible prophecy. Without understanding Daniel, a thorough understanding of Revelation is impossible. Daniel is the foundation for the book of Revelation.
And E.xtra S.ensory Blofeld + Tiddles adds Four successive world-ruling empires from the time of the Chaldean empire of Nebuchadnezzar until the return of Christ and the establishment of the Kingdom of God. We see in overview an outline of world history from a Gentile perspective, beginning with Nebuchadnezzar and coming all the way down through the various kingdoms until the image is struck on the foot by the Stone, representing the Kingdom of God, or Christ. This prophecy brings us right into our present time, the time of the end, the time when can expect that the Stone, sometime in the not-too-distant future, will strike this image on the feet. We can look for that last empire, represented by the feet and toes, to exist today, or either be coming together, or will shortly be coming together. History has shown that these four empires, beginning with the head of gold, to be the Chaldean (the head of gold), the Medo-Persian (the chest and arms of silver), the Greco-Macedonian (the belly and thighs of brass), and the Roman (the legs and feet of iron) empires. The Roman Empire existed from 31 BC to AD 476. Secular history shows that the Vandals defeated Rome, but Rome was revived and re-established as the Holy Roman Empire under Emperor Justinian in AD 554. Though these empires overlap to a small degree as one rises and another falls, their dominance in world affairs is successive.
The Sovereign will come as a New Charlemagne to establish the New Europe as a Revived Roman Empire, and his leadership will one day become global, as he rises to rule the world. His global conquest will result in a One World Government, One World Currency, and Global Seigniorage, Revelation 13:18.
The beast system, being global authoritarian rule, is manifesting simultaneously in the US, as the United States Senate passed S. 1867 also known as the National Defense Authorization Act including sections 1031 and 1032 which authorize the military to arrest and indefinitely detain American citizens without trial or charge. Despite national outcry over the bill which effectively suspends the Constitutional rights of those suspected of terrorist activities and would allow Americans to be incarcerated in Guantanamo Bay prison in Cuba, the Senate passed the bill by an overwhelming margin of 93-7. This means that Congress could easily override the President’s threatened veto. Only Sen. Thomas Harken (IA), Rand Paul (KY),Thomas Coburn (OK), Jeff Merkley (OR), Ron Wyden (OR), Mike Lee (UT), and Bernard Sanders (VT) voted against S. 1867.
Glenn Greenwald of Salon writes of the loss of Constitutional rights Congress Endorsing Military Detention And Enhancing The Authorization to Use Military Force Legislation and The Progressive writes McCain says American Citizens Can Be Sent to Guantanamo.
Why is God bringing forth a beast system, ruler and banker to rule mankind? God has always meant for people to be ruled by a king. The sovereign king, Revelation 2:26-27, is coming to establish his kingdom on earth for a thousand years, Revelation 20:4-6. God is acting decisively now to remove any doubt, as to who is sovereign, before the rule of his Son begins.