AP: European Central Bank makes another large interest rate hike
President @Lagarde has just presented the Governing Council’s monetary policy statement.
Read the statement https://t.co/U7j9NNwZCW pic.twitter.com/rqxe8NP3EY
— European Central Bank (@ecb) October 27, 2022
The European Central Bank (ECB) has increased interest rates as the Associated Press (AP) reports:
European Central Bank makes another large interest rate hike
October 27, 2022
FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy.
The 25-member governing council raised its interest rate benchmarks by three-quarters of a percentage point at a meeting in Frankfurt, matching its record increase from last month and joining the U.S. Federal Reserve in making a series of rapid hikes to tackle soaring consumer prices.
“Inflation remains far too high and will stay above our target for an extended period,” ECB President Christine Lagarde told reporters. That means policymakers “expect to raise interest rates further” to get back down to the bank’s 2% goal.
She said “we are not done yet. There is more ground to cover,” despite expectations of further economic “weakening in the remainder of this year and the beginning of next year.” …
The ECB also must keep an eye on the euro’s sagging value against the U.S. dollar, although the ECB says it does not target any particular exchange rate. A weaker euro worsens inflation by raising the price of imported goods. https://apnews.com/article/british-politics-inflation-germany-economy-prices-8b7274fd39c584c7675dc5b2de9a76bf?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_03
Like the USA, the ECB has been printing money out of thin air. Unlike the USA, it has done less of it. However, unlike the USA dollar, the euro does not have as much international acceptance. That is a key difference that can hurt the Europeans.
That said, the Europeans blame the USA for putting them in a position to have to raise interest rates. Basically, because the USA keeps raising its interest rates, the Europeans feel that they must do so also or face too much capital outflow.
Some see the fall of Europe. Here is something from last month:
Western Europe now facing “TOTAL FINANCIAL COLLAPSE” – experts and analysts urgently sound the alarm
September 9, 2022
Western Europe is facing “total collapse” from catastrophic scarcity and price hikes surrounding food, fertilizer, energy and industry, warns David Dubyne …
Silver guru David Morgan … adds that European banks are facing the possibility of systemic failures (and “bail-ins”) due to exposure to energy markets and the desire of Western European governments to keep printing money to try to address the devastating energy scarcity that is now irreversible. …
With no solutions in sight — and no willingness among Europe’s politicians to even consider reversing their suicidal policies that led to this crisis — it seems that Western Europe is doomed to a simultaneous collapse of food, energy, industry, agriculture and currency. …
Now, we are just a few months away from watching in horror as decades of virtue signaling and bad policy decisions comes to fruition, bringing Western Europe to its knees with a level of devastation that hasn’t been witnessed since World War II. …We are looking at the systemic, unrelenting wipeout of the Euro …
The era of abundance is over. Prepare for the era of collapse.
The bottom line? Unless a radical course correction is immediately embraced, Western Europe will suffer a catastrophic collapse in 2023, with “collapse” defined as 50% or more of the businesses and industries ceasing operations, causing mass destitution and angry uprisings across the continent, combined with widespread starvation and deaths from exposure (freezing).
The collapse of the United States will take longer to fully play out, but it is also inevitable. The dollar will soon be history, and the financial solvency of the U.S. government will evaporate virtually overnight.
Both the USA and Europe are going to end in mass uprisings, revolts and violent revolutions, it looks like. https://www.sgtreport.com/2022/09/western-europe-now-facing-total-financial-collapse-experts-and-analysts-urgently-sound-the-alarm/
Civil unrest and uprisings are something I have been warning here for years.
Here is something the late Pastor General of the old Worldwide Church of God, Herbert W. Armstrong, said in a sermon on July 7, 1984:
And I can see now, the event that is going to trigger the formation of the reunification in Europe; the resurrection of the medieval Holy Roman Empire that we’ve been looking forward to that is prophesied to come…
But I believe that some event is going to happen suddenly just like out a blue sky that is going to shock the whole world and is going to cause the nations in Europe to realize they must unite! … Well now I think I can see what may be the very event that is going to trigger…that is the economic situation in the world…
The whole banking structure in the United States is a network all jointed together. But not only that, one nation has to deal with other nations and imports and exports. And so they have to have a means of transforming money from one nation to another. And so the banking structure is international and interwoven…
Now when the financial structure breaks down, all civilization is going to break down…
So, an economic or banking crisis is what Herbert W. Armstrong concluded would drive Europe to unite.
And, I agree that it will take some type of crisis for Europe to reorganize.
There were economic protests in Europe last weekend:
Thousands of protesters gathered across Europe over the weekend to protest over energy prices and climate … Germany was the epicentre of the protests, but Brussels also saw marchers on Sunday, according to local media, …
On Saturday, tens of thousands of protesters gathered in six German cities to demand a fairer distribution of government funds to deal with rising energy prices and a quicker transition away from fossil fuels, according to Reuters.
Demonstrations took place in Berlin, Düsseldorf, Hannover, Stuttgart, Dresden and Frankfurt. Protesters held signs bearing slogans on a wide range of topics, sometimes seemingly contradictory, from more energy subsidies and switching off nuclear plants, to lowering inflation, according to reports. Around 24,000 people participated, according to Greenpeace, one of the organisers, as police said 1,800 gathered in the German capital.
“We want to show that we urgently need financial relief for citizens that is socially balanced,” said Andrea Kocsis, deputy chair of ver.di, one of the unions organizing the protest. “The government is doing a lot but it is distributing funds with a watering can. People with lower income need more support than the wealthy,” she added. 10/23/22 https://www.politico.eu/article/weekend-of-protests-in-europe-from-energy-to-iran/
Expect more extensive protests and civil unrest in Europe’s future.
The Bible shows that a major reorganization is prophesied to happen and push Europe under totalitarian control:
12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast. (Revelation 17:12-13)
Economic issues will be one of the factors that will get Europe to decide to reorganize and support a dictator that the Bible calls the Beast.
The stage is more and more being set.
Some items of possibly related interest may include:
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Germany’s Assyrian Roots Throughout History Are the Germanic peoples descended from Asshur of the Bible? Have there been real Christians in Germanic history? What about the “Holy Roman Empire”? There is also a You-Tube video sermon on this titled Germany’s Biblical Origins.
Germany in Biblical and Greco-Roman Catholic Prophecy Does Assyria in the Bible equate to an end time power inhabiting the area of the old Roman Empire? What does prophecy say Germany will do and what does it say will happen to most of the German people?
Greco-Roman Catholic Prophecies: Do They Mirror, Highlight, or Contradict Biblical Prophecies? People of all faiths may be surprised to see what various Roman and Orthodox Catholic prophets have been predicting as many of their predictions will be looked to in the 21st century.
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the former German Defense Minister (who is also the former German Minister for Economics and Technology) one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? Here is a link to a video titled: The Future King of the North.
Can You Prove that the Beast to Come is European? The Book of Revelation tells of a beast power that will rise up. Some think that this must be Russia or could be Islamic, while others say that this power is European. The Book of Daniel tells of the rise of an end time King of the North that some think must be referring to a Russian leader, while others say that this power is European. How can you be sure? This YouTube video has all the scriptural proofs that you should need to prove that this power must be a European one.
 |
Tweet |
|