Revelation 4:1
After
this I looked, and, behold, a door was opened in
heaven: and the first voice which I heard was as it
were of a trumpet talking
with me; which said, Come up hither, and I will shew
thee things which must be hereafter.
World
Economic Update
"Debtsperation" is not a
word that you will find in Webster’s unabridged
dictionary. It is though, being defined on the
front pages of leading newspapers around the world
today. It has to do with the global financial
panic and smoldering debt crisis.
Europe was rocked on
Wednesday, when Germany was unable to sell all
their government bonds that were put up for
auctions, as 35 percent went unsold! Until now,
Germany was able to point to it’s solid economy
and public spending cuts as the answer to the
region’s debt woes. Germany has been the most
vocal opponent of having the European Central Bank
act as a lender of last resort to bail out
national governments caught in this terminal debt
spiral.
Euro-zone technocrats say
they are determined to save the Euro, the common
currency. It seems as though, the people with
money are voting with their feet. There has been a
startling drop in corporate bank deposits.
Recently in Italy, deposits shrank 12% and in
Spain 20%. This is occurring just as the Europeans
are mandating that these banks increase capital
levels to insure stability. The European Central
Bank is providing emergency funding for Greek,
Portuguese, Irish, Spanish, Italian, and French
banks! Where is all this heading? Please don’t
worry, they have a plan.
Wolf-gang Schauble, the
current German finance minister sees this
impending financial meltdown as a catalyst. It
will help finish the uncompleted job of unifying
Europe into a super-state. He is a close confidant
of Angela Merkel, Germany’s prime minister. He
seems to be at the right place at the right time
to get the job done.
On December 9, a meeting is
scheduled in Brussels. The German government will
propose treaty changes that will move Europe
closer to a centralized monetary union. The New
York Times quoted Mr. Schauble on Saturday
November 19, 2011, as saying, “The ultimate goal,
is a political union with a European President
directly elected by the people. What we’re now
doing with the fiscal union, what I’m describing
here, is a short-term step for the currency. In a
larger context, naturally we need a political
union. We can only achieve a political union if we
have a crisis.” He sees the turmoil not as an
obstacle but as a necessity.
It appears that the
unending dithering in Europe to solve the debt
crisis is part of the plan. This way it looks like
they are doing something. They are letting the
crisis ferment until the right moment. The leaders
know full well that to change the European Union
treaty it has to be submitted to 17 separate
parliaments. This would take an extended period of
time. There is talk of having some of the debt
plagued nations exit the European Union. Financial
markets may not give them the time they need to
make these changes.
Should these developments
catch us by surprise? The Bible speaks of a future
10 nation federation centered around the old Roman
empire. It will dominate the planet, with the
Antichrist as it’s leader. The Europeans do not
have a president like we have in the United
States. They do have a president of the European
Commission which acts only as a figure head. What
was our reaction when reading this article? Did it
sound somewhat familiar?
The Jewish
people at the time of Christ had the scriptures.
They understood from the prophecies that the
Messiah was coming. Unfortunately, their whole
focus was on the coming of the King Messiah.
They did not understand that he would first come
to die for their sins as the Suffering Messiah.
Their focus was on the second coming not the
first. Most of the Church is making a similar
mistake. They focus on the first coming and
ignore the signs that will herald the second
coming.
If we really believed what the
scriptures say about the coming apocalypse
we would take action