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The Euro-What do you think is happening, is this prophetic

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September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Question: Whats the plan for the euro  (Voting closed: December 14, 2011, 02:58:14 am)
Collapse the euro before Chritmas - 0 (0%)
Collapse the euro before this time next year - 1 (25%)
Add a stronger currency to absorb the mess - 0 (0%)
Collapse the whole world financial structure soon to implement the mark(revelation) - 2 (50%)
Not clear from prophecy whats happening - 1 (25%)
Total Voters: 2

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Author Topic: The Euro-What do you think is happening, is this prophetic  (Read 6033 times)
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« Reply #30 on: December 02, 2011, 10:28:19 pm »

Sarkozy: Austerity alone will lead to recession
1 December 2011, by Christopher Noble - San Francisco (MarketWatch)
http://www.marketwatch.com/story/sarkozy-austerity-alone-will-lead-to-recession-2011-12-01

French President Nicolas Sarkozy said Thursday that using austerity alone to solve the economic crisis afflicting France and the rest of Europe would lead to recession and possibly even depression.

He said such an approach would make the French people pay nearly the whole cost of trying to recover from the crisis.

"It would end in recession or depression," Sarkozy said in a speech in the southern French city of Toulon.

Sarkozy said that cuts and economic reform were necessary but were only part of what were needed to help Europe emerge from its sovereign debt crisis.
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« Reply #31 on: December 02, 2011, 10:32:10 pm »

Europe weighs central bank loans to IMF: report
2 December 2011, Frankfurt (MarketWatch)
http://www.marketwatch.com/story/europe-weighs-central-bank-loans-to-imf-report-2011-12-02

Euro-zone finance ministers are weighing a plan that would see the region's national central banks provide as much as 200 billion euros ($275 billion) in loans through the International Monetary Fund that could be used to battle the region's debt crisis, Bloomberg reported Friday, citing unnamed people familiar with the matter.

The plan would see national central banks recycle funds through the IMF in order to underwrite precautionary credit lines for Italy or Spain, the report said.
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« Reply #32 on: December 02, 2011, 10:35:02 pm »

Bilateral loans to IMF under discussion: spokesman
2 December 2011, by William L. Watts - Frankfurt (MarketWatch)
http://www.marketwatch.com/story/bilateral-loans-to-imf-under-discussion-spokesman-2011-12-02

The International Monetary Fund on Friday said European officials are discussing potential bilateral loans to the institution that could be used to fund euro-zone bailouts.

"European authorities -- like some other IMF member countries -- are exploring bilateral loans to the IMF," as noted by Luxembourg Prime Minister Jean-Claude Juncker on Nov. 29, said IMF spokesman Gerry Rice in emailed comments.

Such loans "could indeed come from member-country central banks, and indeed these central banks are already lending to the Fund under the New Arrangements to Borrow and bilateral agreements since 2009," he said.

A news report earlier Friday said European officials are weighing a plan that would see euro-area central banks funnel as much as $275 billion in loans through the IMF.
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« Reply #33 on: December 02, 2011, 10:37:49 pm »

Merkel calls for quick move to fiscal union - German leader rejects call for eurobonds, defends ECB independence
1 December 2011, by William L. Watts - Frankfurt (MarketWatch)
http://www.marketwatch.com/story/merkel-calls-for-quick-move-to-fiscal-union-2011-12-02

German Chancellor Angela Merkel on Friday called for quick treaty changes that would pave the way for closer fiscal union in the 17-nation euro area, while again rejecting proposals for joint eurobonds and warning that the region’s problems will take years to resolve.
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« Reply #34 on: December 03, 2011, 08:33:42 am »

http://news.yahoo.com/ecb-opens-door-action-sarkozy-seeks-treaty-013442218.html

12/2/11

Germany's Merkel fights for euro, Cameron for UK

PARIS/BERLIN (Reuters) - British Prime Minister David Cameron threatened on Friday to obstruct a Franco-German drive for swift change to the European Union's treaty, a sign of the difficulty leaders will face transforming Europe to save the euro.

France and Germany are reaching a consensus that euro zone economies need to be bound more closely together if the single currency is to survive, which could mean changing the EU treaty to give Brussels powers to punish spendthrift euro states.

Austrian Chancellor Werner Faymann said there was a danger that the euro zone bloc would split up unless it implemented new rules and stuck to them.

"When we are not able to set up and keep to more conditions and ground rules, then many countries in the euro zone will no longer be able to pay the very high rates for sovereign bonds," he told the daily Krone.

"The next effect will be that you won't find anyone to buy them. Then the euro zone has to break up because of this.... it is a very real danger."

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« Reply #35 on: December 04, 2011, 08:43:44 am »

http://finance.yahoo.com/news/euro-zone-enters-decisive-week-131331359.html?l=1

12/4/11

Euro zone enters a decisive week

By Paul Taylor

PARIS (Reuters) - The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years.

Despite short-term market optimism about a possible deal to tackle Europe's sovereign debt crisis and ensure the survival of the single currency, the outcome is far from certain as the EU gears up for a summit in Brussels on Thursday and Friday.

"This week, the stable future of the euro and thus the economic recovery in Europe and employment are at stake," EU Economic and Monetary Affairs Commissioner Olli Rehn told Reuters. "This calls for a convincing package of measures from the European Council (summit)."

If all goes according to plans being hatched in Berlin and Paris, the EU will have taken a step towards fiscal union by Friday night, agreeing on a treaty change to anchor coercive budget discipline for the 17-nation currency area.

The European Central Bank will have cut interest rates on Thursday to counter a looming recession and taken new measures to provide longer-term funding for Europe's teetering banks.

And new prime ministers in Italy, Greece and Spain will have demonstrated their commitment to tough austerity measures and structural economic reforms to tackle their debt problems and restore investor confidence.

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« Reply #36 on: December 04, 2011, 09:11:44 pm »

http://news.yahoo.com/pivotal-week-europes-leaders-fate-euro-142425595.html

12/4/11

Pivotal week for Europe's leaders and fate of euro

BRUSSELS (AP) — Europe's government-debt crisis, which has dragged on for more than two years, is entering a pivotal week, as leaders across the continent converge to prevent a collapse of the euro and a global financial panic that could result.

Expectations are rising that Friday's summit of leaders of the 27 countries in the European Union will yield a breakthrough. An agreement on tighter integration of the 17 EU countries that use the euro — especially on budget matters — would be seen as a crucial first step. That could trigger further emergency aid from the European Central Bank, the International Monetary Fund or some combination, analysts say.

The coming days "will decide if the euro will survive or not," Emma Marcegaglia, the head of Italy's industrial lobby, Confindustria, said Sunday.

French President Nicolas Sarkozy, German Chancellor Angela Merkel, European Central Bank Chief Mario Draghi and even U.S. Treasury Secretary Timothy Geithner will star in a 5-day financial drama leading up to the summit.

If the summit is a failure, Sarkozy warned last week, "the world will not wait for Europe."

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« Reply #37 on: December 05, 2011, 09:41:04 am »

Sarkozy and Merkel Push for Changes to Europe Treaty

The two primary leaders of the euro zone, Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France, issued their first joint call on Monday for amendments to Europe’s governing treaties to provide better economic governance for the 17 countries of the euro zone...

...So Mr. Sarkozy and other European leaders are working on a less elegant and more phased way to create a pool of bailout money that is large enough to convince the markets there is little chance of a default on Italian and Spanish bonds, which should drive down rates to sustainable levels, European and American officials say.

Mrs. Merkel says it is time to get the euro’s fundamentals right. She is insisting on treaty changes to promote more fiscal discipline, including a limit on budget deficits, with outside supervision and surveillance of national budgets before they become dangerous, and clear sanctions for countries that fail to adhere to the firmer rules. Berlin wants the new standards backed up by the European Court of Justice or perhaps the European Commission, with the power to reject budgets that break the rules and return them for revision...

full: http://www.nytimes.com/2011/12/06/world/europe/leaders-piece-together-an-effort-to-keep-the-euro-intact.html



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« Reply #38 on: December 05, 2011, 06:06:57 pm »

http://finance.yahoo.com/news/sarkozy-merkel-kick-off-week-000821148.html?l=1

12/5/11

S&P piles pressure on Franco-German EU budget plan

PARIS (Reuters) - The leaders of France and Germany agreed a master plan involving treaty change on Monday to impose budget discipline across the euro zone as a top rating agency piled on pressure for a rapid solution to the EU debt crisis.

Standard & Poor's said it had told 15 of the 17 euro zone countries, including Germany, France and four others with the top AAA credit rating, that it might downgrade them en masse within 90 days, depending on the outcome of a crucial EU summit on Friday.

President Nicolas Sarkozy and Chancellor Angela Merkel said their proposal included automatic penalties for governments that fail to keep their deficits under control, and an early launch of a permanent bailout fund for euro states in distress.

They said they wanted treaty change to be agreed in March and ratified after France wraps up presidential and legislative elections in June. "We need to go fast," Sarkozy said.

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« Reply #39 on: December 05, 2011, 07:49:16 pm »

http://news.yahoo.com/germany-urged-drop-treaty-change-demand-eu-sources-121503585.html

Germany urged to drop treaty change demand: EU sources

BRUSSELS (Reuters) - Several EU member states are urging Germany to drop its demands for changes to the EU treaty, arguing that deeper fiscal integration in the euro zone can be achieved without overhauling the EU's fundamental law, EU sources say.

Germany has been pushing since early September to change the EU treaty, maintaining that the only way to enforce much tighter budget discipline among the euro zone's 17 countries is to enshrine stricter rules in law.

But several member states inside and outside the euro zone are opposed to changing the treaty, saying it will take too long and prove disruptive if all parties including the European Parliament are involved, and are urging Berlin to drop its demands.

"If you go for treaty change at 27, you cannot avoid the convention," said a senior EU official involved in the discussions, referring to the negotiation process
.

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« Reply #40 on: December 05, 2011, 08:05:52 pm »

http://news.yahoo.com/eu-seeks-save-euro-p-isnt-convinced-225102467.html

12/5/11

EU seeks to save the euro, but S&P isn't convinced

PARIS (AP) — Seeking to restore confidence in the euro, the leaders of France and Germany jointly have called for changes to the European Union treaty so that countries using the euro would face automatic penalties if budget deficits ran too high.

But not everyone on Wall Street was reassured that Europe would get control of its 2-year-old debt crisis.

Stock prices rose and borrowing costs for European governments dropped sharply in response to the changes proposed on Monday by French President Nikolas Sarkozy and German Chancellor Angela Merkel. But some of the optimism faded late in the day when Standard and Poor's threatened to cut its credit ratings on 15 eurozone countries, including the likes of Germany, France and Austria which have been considered Europe's safest government debt issuers.

The announcement came only hours after Sarkozy and Merkel revealed sweeping plans to change the EU treaty in an effort to keep tighter checks on overspending nations. The proposal is set to form the basis of discussions at a summit of EU leaders on Thursday and Friday that is expected to provide a blueprint for an exit from the crisis.

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« Reply #41 on: December 06, 2011, 12:30:39 pm »

New currencies to lose value in euro breakup
6 December 2011, by Deborah Levine (MarketWatch - Blogs)
http://blogs.marketwatch.com/thetell/2011/12/05/new-currencies-to-lose-value-in-euro-breakup/

Since people are worrying about the euro zone breaking up if leaders can’t agree on how to deal with the out-of-control debt of some countries, the next natural question is: so what’s that mean for returning to individual currencies?

Well, Nomura did some research on it, and tried to quantify a way to value new national currencies based on the current misalignment of the real exchange rate (for instance, the euro now around $1.34 is way too strong for Greece but a little weak for Germany) and future inflation risk.

“Our estimates suggest significant depreciation risk for a number of euro-zone countries,” said Jens Nordvig, global head of the G-10 foreign exchange strategy at Nomura Securities, wrote in emailed comments Monday.

Fair value for a new Greek currency, whether reviving the drachma or not, would be almost a 60% depreciation, to around 57 U.S. cents, he said.

Portugal’s currency would be worth 47% less, while Ireland, Italy, Belgium and Spain would all see a depreciation of roughly 25% to 35%, according to Nomura
.

And of course, Germany, which formerly used deutsche marks, would be 1.3% stronger – the only one to go up.
 
 
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« Reply #42 on: December 06, 2011, 12:55:46 pm »

http://news.yahoo.com/downgrade-threat-could-prove-final-blow-euro-rescue-170743636.html

12/6/11

Downgrade threat could prove final blow to euro rescue fund

BRUSSELS (Reuters) - The threat of a credit downgrade to the euro zone's top economies leaves the bloc's EFSF bailout fund dangerously exposed, piling yet more pressure on the European Central Bank to step in as lender of last resort.

The fund has struggled to attract investors even with the backing of six AAA-rated governments, and on Tuesday S&P followed up a warning of possible downgrades for 15 euro economies by saying it is also reviewing the EFSF.

Expanding the lending reach of the European Financial Stability Facility (EFSF), agreed at an emergency summit in October, is central to the euro zone's plan to show investors it can stand behind its wayward sovereigns.

But much of the fund's ordinal appeal lay in the top creditworthiness of its guarantors, notable the euro's main paymaster Germany and France, the EFSF's second largest contributor.

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« Reply #43 on: December 06, 2011, 05:15:29 pm »

http://news.yahoo.com/downgrade-threat-geithner-push-eu-agree-plan-175604622.html

12/6/11

Downgrade threat, Geithner push EU to agree plan

BERLIN (AP) — European nations were pressed Tuesday by a credit downgrade threat and the U.S. Treasury chief to deliver on markets' huge hopes for a solution to the 2-year-old financial crisis engulfing the continent.

Germany and France downplayed Standard & Poor's warnings to downgrade 15 eurozone nations and Europe's bailout fund. But a downgrade of their AAA ratings would complicate their efforts to restore investor confidence in Europe.

Loans from the bailout fund have rescued Ireland, Portugal and Greece, but if the fund loses its own AAA rating, it could have to charge higher rates to rescue countries in the future, making it tougher for them to recover.

That heaps more uncertainty on the fund, which many had already dismissed as too small to bail out a country like Italy. Help from abroad also seemed unlikely — U.S. Treasury Secretary Timothy Geithner said the Federal Reserve has no plans to give money to the International Monetary Fund to bolster Europe's bailout fund.

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« Reply #44 on: December 06, 2011, 08:31:19 pm »

http://finance.yahoo.com/news/why-p-wields-much-power-222400870.html?l=1

12/6/11

Why S&P wields so much power in European crisis

S&P, credit rating agency that downgraded US, injects itself into European debt drama


NEW YORK (AP) -- Until this week, the fate of Europe seemed to hang on the decisions of three power brokers — the president of France, the chancellor of Germany and the head of the European Central Bank.

Add a surprising fourth: Standard & Poor's, the credit rating agency.

S&P ripped into American politicians last summer for failing to address long-term debt and stripped the United States of its top-flight credit rating. Now it is essentially warning Europe to fix its debt problem — or else.

Critics of S&P have questioned its credibility and relevance because it failed to foresee the collapse in the U.S. subprime mortgage market, which helped trigger the financial meltdown of 2008.

But what S&P says about the creditworthiness of European countries, or just about any other financial entity, still matters a great deal.

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« Reply #45 on: December 07, 2011, 08:54:32 pm »

http://finance.yahoo.com/news/summary-box-euro-crisis-could-172715376.html?l=1

12/7/11

Summary Box: Euro crisis could hammer airlines

Airlines group expects profits to fall in 2012; steep losses if Europe becomes catastrophe


DANGER ZONE: Global aviation earnings will likely decline to $3.5 billion in 2012 but those could turn into steep losses exceeding $8.3 billion if the eurozone crisis veers toward catastrophe, the industry's trade group said Wednesday.

FALLING PROFITS: For 2011, the industry says it anticipates that surging oil and fuel prices will clip its profits at $6.9 billion — less than half of its $15.8 billion in 2010 profits.

PROBLEM CONTINENT: For European airlines "the only open question is how deep" the losses will be next year, the association's CEO Tony Tyler told reporters.
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« Reply #46 on: December 07, 2011, 08:57:07 pm »

http://finance.yahoo.com/news/stocks-close-mixed-traders-await-211357344.html?l=1

12/7/11

Stocks close mixed as traders await Europe news

Stocks close mixed after trading in narrow range; traders await news from meetings in Europe


Optimism about a European debt-crisis summit this week rose and fell on Wednesday, but U.S. stock indexes barely budged. The Dow Jones industrial average closed 46 points higher; the Nasdaq composite index fell a fraction of a point.

Hopes have been building that the summit, which begins Thursday, will produce a lasting solution to Europe's two-year-old debt crisis.

On Wednesday, French and German leaders sought to downplay those expectations. Traders have been hoping that European countries will link their budgets more closely and impose greater fiscal discipline on heavily indebted nations like Greece and Spain. Officials said Wednesday that a deal this week might include only some countries, and crafting a fuller plan might take until Christmas.

"The pattern has been get your hopes up, then be disappointed by EU summits, and that pattern has been in place for a while," said Steve Van Order, fixed income strategist at Calvert Investment Management.

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« Reply #47 on: December 08, 2011, 06:29:11 am »

The Euro Crisis and the Apocalypse

“A crisis of apocalyptic proportions” is the way Radoslaw Sikorski, Poland’s foreign minister, recently described the economic morass into which the Eurozone is sinking.

Sikorksi may be more accurate than he realizes. The whole world seems to be moving inevitably toward the apocalyptic reality described in Revelation 18:17, where the collapse of “Babylon’s” entire economic system occurs in “one hour."

“Babylon,” in the Bible’s prophetic symbolism, is the world system organized without and even in defiance of God. It is comprised of the interweaving and networking of all the civilizational and national components of the globe’s geopolitical infrastructure.

For the first time in history, a “one hour” crash of the whole is possible. This is because of the increasing irrelevance of borders. Economic boundaries have been demolished through the electronic linkage of the global economy, the multinational marketplace, and regional alliances like the Eurozone.

The European dilemma is showing that such economic arrangements cannot be merely regional in scope. The whole world invests in and trades with them. When they collapse, the global economy slides with them.

And because of the “wired world” it can happen in “one hour."

“Apocalypse” comes from an old Greek word that means an “unveiling,” as in lifting a curtain. What the euro-crisis is going to unveil is the delusion of a world without boundaries.

Ironically, modern Greece is a major factor in the looming “apocalypse.” In the 1990s almost all the European nations abandoned their currencies and embraced the euro. Eventually Greece and other Mediterranean countries in the European region joined the federation. The Greek currency, the drachma, went away, but the monetary policies of the Greek government did not. The politicians continued to spend more than taxes brought in. Under the old system, the government covered deficits by printing more money. But with the drachma gone, the only option was for the Greek authorities to borrow more euros at high interest rates. When Greece, Italy, and other countries showed signs of defaulting on their huge debt, all Europe was brought to the precipice of crisis.

Many nations had grabbed hold of the rope of Eurozone investments, hoping for a pull up Prosperity Mountain. But as Europe loses its financial footing, it threatens to pull down everyone tied onto the Eurozone economy. That means the global economy is in peril.

“Anthropos”, another Greek word, identifies the root of the crisis. The term means “man.” It’s often used in the broader sense of “humanity.” Human nature is behind the apocalyptic dilemma in which Europe – and much of the globe – finds itself. The sin the world loves to deny propels people into the delusion of credit binging, the short-term Esau philosophy of quickie investments that get investors in a “mess of pottage,” the fantasy that welfare states can be supported through a declining work ethic, and the rising expectations of the spreading entitlement culture.

The collapse of cyber-borders as well as geopolitical boundaries, coupled with fallen human nature, speeds us toward the apocalyptic conditions Sikorski fears. The answer is in the same place it’s always been: the transformation of human nature.
What will save the world is an “inside-out-bottom-up” movement. It is “bottom-up” in that it begins with the individual human being. It is “inside-out” because such transformation begins at the core of the inner person. Truth sets us free from Babylon’s bling, and provides the worldview and impetus for a lifestyle of responsible living that luxuriates in the joy of the liberty of Jesus Christ.

To many that sounds preachy. However, after decades of institutions, schemes, and movements that promised the Millennium, all we’ve gotten is apocalypse.

Wallace Henley, a teaching pastor at Houston’s Second Baptist Church, is a former journalist and White House and Congressional aide.

http://www.christianpost.com/news/the-euro-crisis-and-the-apocalypse-64263/
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« Reply #48 on: December 08, 2011, 11:32:17 am »

Quote
Sikorksi may be more accurate than he realizes. The whole world seems to be moving inevitably toward the apocalyptic reality described in Revelation 18:17, where the collapse of “Babylon’s” entire economic system occurs in “one hour."

But the question is, when does the "one hour" happen along the time line? It won't happen till others events that preceed it happen. We know the fall will be great, but it has to happen in order.

I don't know of any mention in scripture that describes events that lead up to the collapse of "Babylon".

Chapters 14 and 18 both say "Babylon is fallen...", so that indicates to me they are talking of the same time period.

Chapter 14...

6   And I saw another angel fly in the midst of heaven, having the everlasting gospel to preach unto them that dwell on the earth, and to every nation, and kindred, and tongue, and people, 
7   Saying with a loud voice, Fear God, and give glory to him; for the hour of his judgment is come: and worship him that made heaven, and earth, and the sea, and the fountains of waters. 
8   And there followed another angel, saying, Babylon is fallen, is fallen, that great city, because she made all nations drink of the wine of the wrath of her fornication. 
9   And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive [his] mark in his forehead, or in his hand, 
10   The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb: 
11   And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name. 
12   Here is the patience of the saints: here [are] they that keep the commandments of God, and the faith of Jesus. 
13   And I heard a voice from heaven saying unto me, Write, Blessed [are] the dead which die in the Lord from henceforth: Yea, saith the Spirit, that they may rest from their labours; and their works do follow them. 
Revelation 14:6-13 (KJB)


Chapter 18...

1   And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory. 
2   And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird. 
3   For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies. 
4   And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. 
5   For her sins have reached unto heaven, and God hath remembered her iniquities. 
6   Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double. 
7   How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow. 
8   Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong [is] the Lord God who judgeth her. 
9 ¶ And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning, 
10   Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come. 
11   And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: 
12   The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, 
13   And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. 
14   And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. 
15   The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, 
16   And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! 
17   For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, 
18   And cried when they saw the smoke of her burning, saying, What [city is] like unto this great city! 
19   And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate. 
20   Rejoice over her, [thou] heaven, and [ye] holy apostles and prophets; for God hath avenged you on her. 
21 ¶ And a mighty angel took up a stone like a great millstone, and cast [it] into the sea, saying, Thus with violence shall that great city Babylon be thrown down, and shall be found no more at all. 
22   And the voice of harpers, and musicians, and of pipers, and trumpeters, shall be heard no more at all in thee; and no craftsman, of whatsoever craft [he be], shall be found any more in thee; and the sound of a millstone shall be heard no more at all in thee; 
23   And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived. 
24   And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth. 
Revelation 18 (KJB)


Chapter 18 is nothing but about Babylon. But chapter 14 includes after the mention of Babylon, "the time has come for thee to reap", the reaping of the earth, which indicates I think the very end just before the judgement seat.

If we go by the timeline as described in order of mention in chapter 14, it seems the fall of Babylon is at the end, os there's still A LOT to take place before Babylon falls totally. It's like a building shaking and shaking, then suddenly it breaks apart and collapses, indeed "in one hour".
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« Reply #49 on: December 08, 2011, 11:35:27 am »

Banks Prep for Life After Euro - Countries Study Printing Their Own Notes in Case Monetary Union Unravels
8 December 2011, by David Enrich and Alister Macdonald (The Wall Street Journal)
http://online.wsj.com/article/SB10001424052970203413304577084483874422516.html

Some central banks in Europe have started weighing contingency plans to prepare for the possibility that countries leave the euro zone or the currency union breaks apart entirely, according to people familiar with the matter.
 
 
 
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« Reply #50 on: December 08, 2011, 11:44:20 am »

Isn't it interesting to watch them argue over this stuff, scrambling to prop up a collapsing monetary system, knowing already what their solution will be? I mean it's kind of obvious to me they need a big solution to this huge problem they got. One digital currency solves it all, and what we are seeing now I think is the lead up to the offering up of the solution that the world won't be able to refuse.
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« Reply #51 on: December 08, 2011, 12:58:51 pm »

7o years after WW2-Germany appears to get what she always wanted....Im sure i heard Merckel talking about the final solution the other day.
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« Reply #52 on: December 08, 2011, 08:21:42 pm »

http://news.yahoo.com/stock-futures-signal-early-dip-104727489.html

12/8/11

Wall St falls on dashed euro-zone hopes, Germany's rejection
(Reuters) - Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial "bazooka" to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.

U.S. markets have been on edge all week in anticipation of a summit deal that would come to grips with the euro zone's growing debt crisis, and pave the way for greater action by the ECB to hold down bond yields.

But actions from Europe - both early and late in the day - were a stark disappointment.

Before the market's open, ECB President Mario Draghi discouraged expectations that the central bank would massively increase its purchases of government bonds after a crucial Brussels summit on Friday.

Shortly before the closing bell, Germany rejected some measures in draft conclusions from the summit, including giving the European Stability Mechanism (ESM) a banking license and issuing common euro-zone debt. U.S. stocks and the euro fell sharply following the news.

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« Reply #53 on: December 08, 2011, 10:45:50 pm »

http://news.yahoo.com/eu-fails-agree-treaty-change-among-27-states-033352535.html

12/8/11

EU fails to agree on treaty change among 27 states: diplomats

..BRUSSELS (Reuters) - The European Union failed to secure backing from all 27 countries to change the EU treaty at a summit on Friday, meaning any deal will now likely involve the 17 euro zone countries plus any others that want to join, three EU diplomats said.

An agreement at 27 fell through after British Prime Minister David Cameron demanded concessions that Germany and France were not willing to give, one of the officials said.

During nearly 10 hours of talks that lasted into the night, EU leaders did manage to reach agreement on a ceiling for the size of the euro zone's permanent bailout fund, the ESM, saying it would be capped at 500 billion euros.

That figure will be reviewed in July next year, when the ESM is due to come into force, the diplomats said.

The leaders also agreed to explore the idea of providing bilateral loans to the International Monetary Fund totalling 200 billion euros, with 150 billion of that coming from the euro zone , to bolster IMF resources to tackle Europe's debt crisis.

(Writing by Luke Baker; editing by Mark John)

..
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« Reply #54 on: December 08, 2011, 10:48:12 pm »

http://news.yahoo.com/eu-fails-agree-treaty-change-among-27-states-033352535.html

12/8/11

EU fails to agree on treaty change among 27 states: diplomats

..BRUSSELS (Reuters) - The European Union failed to secure backing from all 27 countries to change the EU treaty at a summit on Friday, meaning any deal will now likely involve the 17 euro zone countries plus any others that want to join, three EU diplomats said.

An agreement at 27 fell through after British Prime Minister David Cameron demanded concessions that Germany and France were not willing to give, one of the officials said.

During nearly 10 hours of talks that lasted into the night, EU leaders did manage to reach agreement on a ceiling for the size of the euro zone's permanent bailout fund, the ESM, saying it would be capped at 500 billion euros.

That figure will be reviewed in July next year, when the ESM is due to come into force, the diplomats said.

The leaders also agreed to explore the idea of providing bilateral loans to the International Monetary Fund totalling 200 billion euros, with 150 billion of that coming from the euro zone , to bolster IMF resources to tackle Europe's debt crisis.

(Writing by Luke Baker; editing by Mark John)

..
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« Reply #55 on: December 08, 2011, 10:57:49 pm »

http://news.yahoo.com/us-bank-warns-eurozone-breakup-pandemonium-172633943.html

12/8/11

US bank warns of eurozone breakup 'pandemonium'

Citigroup economist and former central banker Willem Buiter warned Thursday that a fully blown breakup of the eurozone could spell a global depression with unemployment of 20 percent and economic pandemonium.

Sketching a stark picture of the stakes facing European leaders as they gather in Brussels to discuss how to save the single currency, Buiter said a breakup would unlikely be planned, orderly or gradual.

Buiter, a former Bank of England policy maker, predicted in a research note that a breakup would be "disruptive, destructive and without any winners."

While arguing that Greece's potential default and euro area exit is manageable, the same events in Italy and Spain would wreak broad economic pain.

"A disorderly sovereign default and (euro area) exit by Italy would bring down much of the European banking sector."

"If Spain and Italy were to exit, there would be a collapse of systemically important financial institutions throughout the European Union and North America and years of global depression."

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« Reply #56 on: December 09, 2011, 04:03:59 am »

No worries, there is one man standing in the wings awaiting his appointed time that has all the answers and will solve this problem like magic.  Shocked
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« Reply #57 on: December 09, 2011, 09:14:15 am »

The president of the European Council said Friday that a new intergovernmental treaty meant to save the euro currency will include the 17 eurozone states plus as many as six other European Union countries — but not all 27 EU members.

The failure to get agreement among all the members of the European Union at a summit meeting in Brussels reflected in large part a deep split between France and Germany on the one hand and Britain on the other. France and Germany are the two largest economies in the eurozone; Britain does not use the euro as its currency.

French President Nicolas Sarkozy said early Friday he would have preferred a treaty among all the members of the European Union. But that could not be achieved, he said, because the British proposed that they be exempted from certain financial regulations.

"We could not accept this" because a lack of sufficient regulation caused the current problems, Sarkozy said. The new intergovernmental accord should be ready by March, he said.

Still, German Chancellor Angela Merkel praised the plan.

"I have always said, the 17 states of the eurogroup have to regain credibility," she said. "And I believe with today's decisions this can and will be achieved."

The summit meeting in Brussels was viewed as a critical step in the effort to save the euro. The currency is losing the trust of the international financial markets, who fear that some debt-laden euro countries may ultimately be unable to pay their debts.

That doubt means that the governments of countries viewed as in a precarious state must pay higher interest to borrow the money they need to carry on — and that, in turn, makes their budget deficits even worse and can be unsustainable in the long run.

EU officials believe that one way of regaining market trust is to beef up the financial governance overseeing the eurozone countries and their budgets. Any intergovernmental treaty will be an effort to ensure that national budgets are brought into balance and large debts are not run up again.

And the officials believe another way to regain the trust of investors is to have enough money on hand to guarantee that eurozone countries won't default on their debts.

Toward that end, Herman Van Rompuy, president of the European Council, said some EU countries would provide up to euro200 billion ($268 billion) in extra resources to the International Monetary Fund, to be used to help countries in dire straits.

Sarkozy also said the EU's two bailout funds, meant to rescue countries having trouble refinancing their debts — the European Stability Mechanism, or ESM, and the European Financial Stability Facility, or EFSF — would be managed by the European Central Bank, though the details still need to be worked out.

The French president said work was proceeding on an "intergovernmental accord" among the 17 countries that use the euro plus as many as six others, not counting Britain, Hungary, and so-far undecided Czech Republic and Sweden.

The failure to get agreement among all 27 EU members came despite a marathon negotiating session. The 27 EU presidents and prime ministers began their talks at 7:30 Thursday evening and continued past 4:30 a.m.

http://finance.yahoo.com/news/official-euro-accord-23-countries-044200190.html
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« Reply #58 on: December 09, 2011, 10:02:39 am »

EU RIP? Europe deal fractures union, raises stocks

Twenty-three members of the European Union have agreed to a fiscal compact, intended to create a "genuine 'fiscal stability union' in the euro area" and will result in "significantly stronger coordination of economic policies in areas of common interest." All 17 European members who use a common currency agreed to the pact, plus six more (Denmark, Latvia, Lithuania, Poland, Romania and Bulgaria) that hope to use the currency in the future.


Wait, aren't there 27 EU nations? Sweden and the Czech Republic didn't close the door, but Britain and Hungary are not so keen on the idea of ceding power over their national budgets to a centralized European authority, so they are taking pass on the new pact.


Britain seemed to be the least interested in considering the pact. British Prime Minister David Cameron said he could not allow a "treaty within a treaty" that would undermine the U.K.'s position in the single market. Oh, and the City of London (the financial center of the U.K.) wasn't interested in signing up for a pact that would impose a tax on financial transactions.


Merkel can't flex her muscles in Brussel: stocks up marginally


Although German Chancellor Angela Merkel wanted consensus from all 27 EU members, she has to live with only 23 to "achieve the new fiscal union" and only 23 will "have stronger budget deficit regulations." This essentially boils done to a two-tiered European Union, where depending on your point of view, Britain is either (a) left isolated or (b) off the hook for future bailouts.


The real test is whether investors believe that the pact will work. European stocks are up a bit, and U.S. stocks opened less than 1 percent higher. But with Europe already at risk of recession, investors may soon realize that there is little in the new fiscal pact to address slowing growth rates and problems in the heavily indebted PIIGS. The real test is the bond market, where confidence in debtor nations is made abundantly clear every day. Today, the cost to borrow money for two years in Italy is 6.12 percent and in Spain, yields are at 4.54 percent, both of which are below nose-bleed levels of two weeks ago, but still a hefty price to pay to finance sovereign debt.


Can we stop talking about Europe now?

Unfortunately, Europe is going to stay with us. The leaders now have to write the new rules; come up with more bailout money; and continue to monitor the weak debtor nations and the European banks. And all of this impacts the U.S. in a big way -- here's how:


Banking: If the Euro and European banks melt down, U.S. banks will also feel the pain. U.S. banks have about $1.2 trillion dollars in loan exposure to European banks, not to mention $640 billion in direct exposure to the so-called PIIGS. If Europe implodes, then U.S. banks will freeze up, making it even harder to get a loan for a house, a car or a small business.


U.S. exports: If the European economy tanks, the U.S. could follow suit. Europe buys 22 percent of all U.S. exports and so a recession there would hurt our exporters.


Jobs: If the U.S. economy slows down, there could be another round of job cuts, just at the time where it seemed we were making some incremental progress.


Stocks: Remember the August swoon that occurred after the debt-ceiling debacle? If Europe breaks down, August will seem like walk in the park.

http://www.cbsnews.com/8301-505123_162-57340122/eu-rip-europe-deal-fractures-union-raises-stocks/
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« Reply #59 on: December 09, 2011, 01:26:39 pm »

UK didnt sign up to it-saw comments regarding the comparison between not getting on the titanic as its about to sink and not allowing UK to be pushed around by the Germans during the war worked out well in the long run...
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