Cracks in the Eurozone?

There are concerns about Italy, Spain, and the Euro:

End of the eurozone? Italy and Spain debt crisis threatens to destroy the euro

ITALY and Spain have sent shockwaves through the eurozone as their deepening debt crises sparked a collapse in banking shares across Europe.

26 May 2018

Political uncertainty in both countries has led to an exodus of investors who are seeking to satisfy their cravings for stability elsewhere.

The two-week sell-off has plunged cash-strapped Italy even further into the red and there are now real fears of a Greek-style financial crisis which would bring the country to its knees.

The mood across the eurozone’s markets grew even more jittery when Italy’s populist Lega and Five Star Movement once again failed to get presidential approval for a new government with leaders divided over whether to appoint an arch-Eurosceptic as finance minister.

The situation has now been exacerbated by the prospect of a government collapse in Spain after the main opposition party called for vote of no-confidence in the minority rule of prime minister Mariano Rajoy, whose centre-right Popular party has been racked by a campaign finance scandal. …Italy’s political saga rumbles on with anti-establishment Five Star Movement leader Luigi Di Maio and his Lega coalition partner Matteo Salvini have backing Paolo Savona, an 81-year old Eurosceptic economist, as finance minister. https://www.express.co.uk/news/world/965368/eurozone-crisis-italy-spain-debt

the euro is suffocating Italy

Italian equity and bond prices slipped sharply this week as a populist government took office. … a key reason it was voted in. Inflation-adjusted disposable income per head has slipped below 1995 levels, while people in other big economies have become richer.

Before it adopted the euro in 1999, Italy was always especially inclined to inflate its way out of trouble by cutting interest rates, devaluing the lira or increasing government spending. Under the single currency the first two policies are impossible, while the third is heavily circumscribed by Brussels.

Unable to bolster the economy’s potential growth with strong investment and structural reforms, Italy has slipped into an economic coma. 05/25/18 https://moneyweek.com/chart-of-the-week-the-euro-is-suffocating-italy/

Greece is due to exit the rescue programme – its third since 2010 – in August, and its partners in the bloc are anxious to ensure it can do so on a financially sustainable basis.

“We will decide on all that is needed to ensure a successful exit… by August. This is our top priority regarding Greece,” Eurogroup head Mario Centeno told a news conference.

For the 21 June talks to be successful, Athens has to pursue the last reforms agreed with eurozone creditors to put its economy on a firmer growth path. “That is a crucial element for the conclusion of the programme,” he said. https://www.euractiv.com/section/economy-jobs/news/eurozone-to-decide-terms-of-greek-bailout-exit-debt-relief-in-june/

This is the End of the Euro

The Spanish government is about to fall after the Ciudadanos party decided to join PSOE (socialist) and Podemos in a non-confidence vote against PM Rajoy. …

The Spanish political crisis is inextricably linked to the Italian one, not even because they are so much alike, but because both combine to create huge financial uncertainty in the eurozone.

Sometimes it takes a little uproar to reveal the reality behind the curtain. Both countries, Italy perhaps some more than Spain, would long since have seen collapse if not for the ECB. In essence, Mario Draghi is buying up trillions in sovereign bonds to disguise the fact that the present construction of the euro makes it inevitable that the poorer south of Europe will lose against the north.

Club Med needs a mechanism to devalue their currencies from time to time to keep up. Signing up for the euro meant they lost that mechanism, and the currency itself doesn’t provide an alternative. The euro has become a cage, a prison for the poorer brethren, but if you look a bit further, it’s also a prison for Germany, which will be forced to either bail out Italy or crush it the way Greece was crushed.

Italy and Spain are much larger economies than Greece is, and therefore much larger problems. Problems that are about to become infinitely more painful then they would have been had the countries been able to devalue their currencies. If you want to define the main fault of the euro, it is that: it creates problems that would not have existed if the common currency itself didn’t. This was inevitable from the get-go. The fatal flaw was baked into the cake. …

The euro has entirely outlived its purpose, and then some. But it exists, and it will be incredibly painful to unravel. The new game for the north will be to unload as much of that pain as possible on the south.

Europe would have been much better off of it had never had the euro. But it does. The politicians and bankers will make sure they’re fine. But the people won’t be.

The euro will disappear because the reasons for it not to exist are much more pressing than for it to do. At least that bit is simple. The unwind will not be. 05/25/18 https://www.theautomaticearth.com/2018/05/this-is-the-end-of-the-euro/

The Euro will have issues. Europe will have issues.

The Bible shows that the final European Beast power will not be naturally-united:

41 Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. 42 And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. 43 As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay. (Daniel 2:41-43)

As I have written for years, there will be more civil unrest in Spain. Greece, Italy, and other parts of Europe will have unrest. Cracks in the Eurozone could well lead to not just difficulties, but to temporal unification.

In 1965, the late Herbert W. Armstrong wrote:

…European countries urgently want political union, the very UNITED STATES OF EUROPE I have been assuring PLAIN TRUTH readers for 31 years is definitely coming. It will unite them into a giant third World Power…

There is a definite German “Kultur! There is a French culture that is in many respects quite different. Then there is a still different Italian culture, a Spanish culture, a Scandinavian culture, a Swiss culture–and all are different! European nations speak different languages, have different aspirations, different customs, different traditions. Europe is often called a “crazy-quilt” of nations.

HOW, THEN, CAN THEY AGREE TOGETHER AND UNITE? For years The PLAIN TRUTH has said these nations are going to have to realize their inability to unite themselves politically-to choose a common political-military Leader that all can trust. They are going to finally face the fact they must look to a Supreme Authority they can all trust! That Supreme Authority cannot be a politician, or a general (De Gaulle is both). The only possible answer is a Religious Leader! (Armstrong HW. Personal. Plain Truth, November 1965, pp.1-2)

So, he felt that while they needed a political-military leader, he also felt some type of religious leader was needed to unify Europeans.

But there was more. In a sermon on July 7, 1984, he added:

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 …

What is expected? Massive unrest.

Yet, it would seem if the Vatican stepped in to reduce the financial instability, it would gain more influence in Europe.

This seems to be likely and consistent with the following scriptures:

1…”Come, I will show you the judgment of the great harlot who sits on many waters, 2 with whom the kings of the earth committed fornication, and the inhabitants of the earth were made drunk with the wine of her fornication.”…9 “Here is the mind which has wisdom: The seven heads are seven mountains on which the woman sits … 18 And the woman whom you saw is that great city which reigns over the kings of the earth. …18:3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury.” (Revelation 17:1-2,9,18; 18:3)

But I do not believe the Vatican will limit its support to Europe–parts of Latin America, Africa, and Asia would likely benefit. The Church of Rome has a lot of worldly wealth–it is a version of that church that is being discussed above in Revelation.

Europe will reorganize and unite for a time.

A militaristic leader will rise up in Europe and gain 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)

But as far as the Euro and the US dollar go, back in 2009, I wrote the following:

It would seem that once the U.S. dollar totally collapses people all around the world will consider that even if the Euro is strong, having a more gold-backed currency would be safer. Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro) may greatly increase European credibility, prosperity, and influence around the globe.

And I have quoted that at this news page off and on since then. Here are some things I wrote in 2017:

While the Bible shows the Europeans will have difficulties being together (Daniel 2:41-43), it also shows that they will reorganize and unite (Revelation 17:12-13). …

It has been proposed that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance” (Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016).

When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer.

The collapse of the USA dollar will shake a lot of the world’s confidence in non-gold backed currencies.

The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar.

Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.

The reality is that the Euro has issues, but Europe and others are taking steps to replace the US dollar as the world’s primary reserve currency and are using gold as part of their plan.

The Germans, for one example, have repatriated gold ahead of schedule (see Germany has brought back its gold and EU approves CETA and/or watch Germany, Gold, and the US Dollar). A European leader will be the Beast of Revelation 13:1-10 (watch also Can You Prove that the Beast to Come is European?). Hungary also repatriated gold, while Belgium, the Netherlands, and Austria are doing the same (see Why might Europe be repatriating gold?).

Whether it is to head off a crisis, back the Euro or some future currency, or to dethrone the US dollar, the Europeans are preparing for financial change.

A crisis and reorganization will come to Europe beyond what its secular leaders believe is possible.

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?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous.
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.
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?
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 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?
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? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? A sermon of related interest is also available: Great Monarch: Messiah or False Christ?
When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Could a Donald Trump presidency be apocalyptic? A related video is titled: Donald: ‘Trump of God’ or Apocalyptic?
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.