We are living in exciting times. The Signposts point to Jesus soon return.

Thursday, October 24, 2013

EU leaders to set tight timetable on completing banking union

Prophecy Sign: Revived Rome - the European Superstate

We are currently reading a new prophecy book by authors  Doug Krieger, Dene McGriff and Doug Woodward entitled, "The Final Babylon" which makes the case for America fulfilling the destiny of the final Babylon of bible prophecy.  That in fact, the Revived Roman empire, (European Union), that has long been speculated a the final Babylon will not be the fulfillment of this prophecy.  It has given us cause to consider our prospective on this particular prophecy.

In the meanwhile, we still believe that the final 10 kingdoms of this prophecy, (Revelation 17 and Daniel 7), will be 10 consolidated economic unions not unlike the present day Eurozone.  The world will be similarly divided  into these new economic empires complete with a new President/Chairman.  Thu we will keep our eye towards Europe as a future template of what will occur world wide at the time of the Antichrist. Currently, the Eurozone is working towards becoming a banking union, which we believe will be the beginnings of a future global banking/economic union which will be reigned over by the Antichrist.

He gave me this explanation: ‘The fourth beast is a fourth kingdom that will appear on earth. It will be different from all the other kingdoms and will devour the whole earth, trampling it down and crushing it. The ten horns are ten kings who will come from this kingdom. After them another king will arise, different from the earlier ones; he will subdue three kings. Daniel 7:23-24 NIV

EU leaders to set tight timetable on completing banking union
European leaders will confirm on Friday an ambitious timetable for the completion of a banking union, Europe's biggest project since the euro, and set a December deadline for fleshing out the idea of rewards for structural reforms in the euro zone. Policy-makers believe a banking union in the 18 countries that will share the euro from next year will help increase the flow of credit, boost growth and help prevent financial crises in the future. Under the union, the European Central Bank will directly supervise the euro zone's 130 biggest banks from November 2014 and have the power to take over supervision of any of the smaller banks if needed. Such a Single Supervision Mechanism is to be accompanied by a Single Resolution Mechanism (SRM) - a yet-to-be-created euro zone authority with its own fund that would decide how to wind down or restructure banks that are no longer viable.

1 comment:

  1. On Friday October 25,2013, The stock market bubble of all times has formed as is seen in the leverage off stocks, ETFs, and mutual funds over debt

    World Stocks relative to Aggregate Credit, VT:AGG

    Eurozone Stocks relative to EU Credit, EZU:EU

    Nation Investment relative to World Treasury Bonds, EFA:BWX

    Vice Stocks relative to Distressed Debt, VICEX:FAGIX

    The chart of the S&P 500, $SPX, shows an Elliott Wave V High Top at $,1759

    A summary of this week’s trading presents the following trading activity

    World Stocks, VT, +0.6; a market top on Tuesday, October 22, 2013

    Naton Investment, EFA, +0.6; a market top on Tuesday, October 22, 2013

    Global Financials, IXG, -0.4; a blow off market top on Wednesday, October 23, 2013

    Please consider The Dispensation Economics Manifest, ... http://theyenguy.wordpress.com/about/ ... which is based upon Ephesians 1:10, the biblical revelation that Jesus Christ, is operating in dispensation, that is the household management plan of God to complete and fulfill all things in every age, epoch, era and time period.

    The Dispensation Economics Manifest presents Fifteen Corollaries, that is Fifteen New Things, which are coming by the Economy of God to establishing the New Normal.

    On Wednesday October 23, 2013, Jesus Christ pivoted World Stocks, VT, Nation Investment, EFA, Global Financials, IXG, Major World Currencies, DBV, and Emerging Market Currencies, CEW, lower from their recent rally highs, on fears that the world central banks’ monetary policies are no longer able to stimulate global growth and trade, nor able to maintain corporate profitability, nor secure ongoing democratic nation state treasury values, and is so doing pivoted the world out of the paradigm of liberalism, which featured the democratic nation state banker economy, and into the paradigm of authoritarianism, which features the regional governance and totalitarian collectivism beast economy. In so doing he destroyed the fiat money system and introduced the diktat money system.

    The ANSAMed Anna Foundation report Italy's Debt Hits Record High Of 133.3% Of GDP In 2nd Quarter, indicates the true nature of Italy’s sovereign capability. Its level of Treasury Debt, suggests that it is an insolvent sovereign. Its seigniorage does not come from risk appraisal between bond buyers and sellers, but rather from the ECB’s monetary policies of LTRO 1 and 2, as well as OMT. And the only reason why it has fiscal capability is because of what amounts to seigniorage aid from the word, will and way of central banker Mario Draghi.

    The reality is that the periphery European nations, specifically the PIIGS, that is Portugal, Italy, EWI, Ireland, EIRL, Greece, GREK, and Spain, EWP, are insolvent sovereigns, and the European Financials, EUFN, are insolvent banks. These cannot provide stable governance; it is only through regional integration and regional governance, with a footprint of supervised banking, leading to a banking union, as well as fiscal union, and statist economic governance overseeing the factors of production, as well as commerce and trade, that regional security, stability, and sustainability can be achieved.

    News reports herald the development of Eurozone regional governance. Eventually a One Euro Government, that is a European Super State, featuring a fiscal union, led by nannycrats will provide fiscal policy governance, based upon schemes of debt servitude, where money and credit will closely controlled through a banking union.

    Bloomberg reports the development of the Eurozone of a fiscal union relating Euro Capitals Tighten Fiscal Leash as EU Starts Austerity.

    And Reuters reports the foundation of a banking union relating The ECB names 130 European Banks for supervision.

    Liberalism’s banker regime is being replaced by authoritarianism’s beast regime; as foretold in bible prophecy of Revelation 13:1-4, and the only two forms of sovereign and sustainable wealth are diktat, and the physical possession of gold and silver bullion.