Mike Curtiss (30
"Wow, Bible Prophecy
Being Re-Written to Conform to God's Word"
never ceases to amaze me at the wonderous ways God has written
the future before it comes to pass. Let me give you an example
from this moment into the future. This allows me to know what
will happen in the immediate future, because God has
pre-ordained it in His Word.
Many of you have commented on the European Union and it's
current number of members 18 do not fit the Kingdom of the
Prince to come, because the Bible says it will have ten members
not this many. Well, suffice it to say God's Word is never
wrong. With the coming re-organization of the EU option 3)
listed in the article below, perfect harmony will come.
God's Word says the AC Kingdom will have ten nations, so when
the EU reconfigures itself, there will be only ten members. Just
watch and see God's Word manifest in the world of men.
Even So Come Lord Jesus
Investors need to prepare for three possible outcomes to the
European debt crisis, including the worst-case scenario in which
the monetary union is left in tatters, Pimco's Mohamed El-Erian
T.J. Kirkpatrick | Bloomberg | Getty Images
Mohamed El-Erian, chief executive officer and co-chief
investment officer of PIMCO
While Wall Street this week grew more optimistic that a
longer-term solution is possible for debt-laden European Union
nations, the co-CEO of the the world's largest bond fund manager
warned that much needs to be done.
"This hope has to turn into reality. For that we need design and
execution," he said. "We need to stabilize the banks there and,
critically and importantly, we need to find a way both to
contain debt and promote economic growth."
Signs this week that investors are still willing to buy the
debt[cnbc explains] of troubled nations such as Italy — even
thoughthey demanded record-high interest rates — helped improve
"They're making progress," El-Erian said. "The market is hoping
they make even further progress. But the jury is still out as to
whether that is going to materialize."
As such, investors need to brace for some difficult outcomes.
According to El-Erian's analysis, there are three potential
1) "Fragmentation of the euro zone," in which the 17 member
nations would go their own way, which he said would be
"incredibly disruptive not just for Europe but also for the
2) "Full fiscal union," in which the nations adopt uniform
financial reforms that would be more political in nature.
3) A "middle ground" in which a "smaller but stronger euro zone"
emerges where as many as three countries default on their debt
and exit the EU.
"We are no longer looking at what we call a traditional bell
curve where there is one dominant outcome," he said. "We're
looking at a curve that is much flatter and has much fatter
tails. Investors have to test different exposures to that new
distribution. That's what happens when you put sovereign risk at
The key to a positive outcome, he said, is negotiating a
majority agreement among EU nations and then getting the
European Central Bank to go "all in" in terms of committing the
requisite amount to backstop the bad sovereign debt.
That all needs to happen in advance of the ECB's Dec. 9 summit
to address the debt issue.
"That will absolutely turn the market and that's the key issue
right now," El-Erian said. "I will tell you (the chance of an
agreement happening) is less than 50 percent. A lot more has to
happen in the next few days."