IMF Advises QE Inflation for Britain’s Pound, EU Proposing Political Babylon

European Union Tower of Babel Poster

The International Monetary Fund is somewhat advising the United Kingdom to follow the USA and apparently cause inflation, which ultimately will likely help destroy the British Pound:

IMF tells UK to consider rate cut to boost growth

BBC – May 22, 2012

The International Monetary Fund (IMF) has said the UK’s continuing economic weakness means authorities should consider more quantitative easing (QE) and even cutting interest rates.

Its annual look at the UK economy endorsed the government’s deficit cutting plan, saying it was essential. But it said if growth failed to pick up, the government would have to consider delaying cuts. http://www.bbc.co.uk/news/business-18158226

The Bible seems to warn that the USA and likely the UK will have problems with their currencies, etc. because of massive borrowing (cf. Habakkuk 2). Quantitative easing is basically an underhanded way of borrowing and setting a currency up for massive inflation.

All the nations of the European Union are facing various issues related to national sovereignty. And while the UK is one of them, ultimately, it will lose not only its sovereignty, but pretty much everything.

Partially because of the problems in Greece, the European Commission itself has publicly stated that it will propose something that I feel is of possible prophetic interest:

EU commission to outline plans for political union

EUobserver – May 22, 2012

The European Commission has said it will soon bring forward plans for an economic and political union it says is necessary for the creation of debt-mutualising eurobonds – one of the most controversial proposed solutions to the current eurozone crisis.”We need to reflect what kind of European union would be required to deepen economic and political integration, for instance so that joint issuance of debt would make sense for all member states sharing the single currency,” economics commissioner Olli Rehn told MEPs on Tuesday (22 May).

He said the commission would “soon” come up with a “medium to long term roadmap” outlining the necessary deeper fiscal and economic integration that would minimise moral hazard – member states running up debt because they know it will be paid by others – and ensure “fiscal sustainability.”

Stocks Slump, Papademos Says Greek Exit Risk is ‘Real’

Wall Street Journal – May 22, 2012

The Dow was up 50 points at 3 p.m., then these headlines hit Dow Jones Newswires:

*DJ Former Greek PM Papademos: Risk Of Greece Leaving Euro Is Real

*DJ Papademos: Preparations For Greece Euro Exit Are Being Considered

The news drove down the euro, which yoked the Dow with it. Incidentally, the Dow’s high for the day was set before noon, and the index started sliding a little before 3 p.m. So while the Papademos headlines clearly had an effect, certainly on the euro, the stock market here in New York was already running out of steam. http://blogs.wsj.com/marketbeat/2012/05/22/stocks-slump-papademos-says-greek-exit-risk-is-real/?mod=google_news_blog

Additional fiscal (cf. Revelation 13:16-17) and political union is prophesied for the end time Babylonian beast power (Revelation 17:12-13).

National sovereignty will be lost:

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 17:12-14)

Yet, having problems related to fiscal and national sovereignty issues is consistent with other aspects of Bible prophecy related to end time Europe (Daniel 2:41-43). Herbert W. Armstrong, in a sermon on July 7, 1984, opined:

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…

Today’s comments from the European Commission are consistent with what Herbert Armstrong taught.

Europe, itself, has tended to have similarities to the Tower of Babel in Genesis 11 (see EU’s Fragile Tower of Babel) and sometimes has used it as a reference as the poster at the beginning of this article shows. The term Babylon seems to derive from Babel and the Bible indicates that the end time Babylon will be European (cf. Revelation 17). Here some of what Herbert W. Armstrong wrote about some of this in 1948:

Her name is BABYLON THE GREAT—and she is the daughter of the ancient Babylon. Her doctrines and rituals and traditions and forms ARE THE VERY PAGANISM of the ancient Babylon, but masquerading UNDER CHRISTIAN-SOUNDING NAMES ! Thus, once this EMPIRE is revived in Europe – AND BY UNITED STATES HELP AT THAT—so gullible are we and dull of UNDERSTANDING!—the new-born Fascist-Nazi military power will without warning DESTROY AMERICAN AND BRITISH CITIES OVERNIGHT WITH ATOMIC BOMBS, conquering our peoples, taking our survivors to Europe as THEIR SLAVES! (Armstrong HW. Now it Can Be Told. The Plain Truth magazine. December 1948, p. 6)

According to Bible prophecy, a European power, despite its fragility (Daniel 2:41-43), is destined to temporarily be the most dominant force in the world (Revelation 13:4), ultimately conquer the Anglo-descended nations (it is the USA and its Anglo-allies like the UK that have the strongest fortresses of Daniel 11:39), and later come to its end (Daniel 11:45). This power will be affiliated with the final “Babylon” (Revelation 17 & 18).

The fact that national sovereignty continues to be a subject of debate for Europe, indicates that many believe that it is being lost or will be lost. Despite what will seem to be temporary setbacks, the Bible prophecies that national sovereignty in Europe clearly will be lost.

Some articles 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”? Using the Tower of Babel and “Beast” images suggests it is not concerned about its role as being part of the future Babylon of Bible prophecy.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies 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? What MUST happen BEFORE the Great Tribulation?
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the German Defense Minister one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British-English, Scottish, Welsh, Australians, Anglo (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 nations? Why might God allow them to be punished first?
Will the Anglo-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?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Is Tony Blair Apocalyptic? The former Prime Minister of the United Kingdom converted to Catholicism shortly after leaving his office and has been active in European affairs. What role might he play?
France Gets a New President: Could France Later Have Riots? Might the presidency of François Hollande Janvier lead to riots? Is the destruction Paris prophesied? What may happen in the land of the descendants of the tribe of Reuben?
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the COG has tended to views this, and compares this to an explanation from SDA founder Ellen White.