LCG: Eurozone Crisis: Lurching Towards The Brink

David Cameron

LCG’s commentary today is on the Eurozone crisi:

Eurozone Crisis: Lurching Towards The Brink

By John Meakin | Tuesday, December 13, 2011

When British Prime Minister David Cameron exercised the United Kingdom’s national veto last Friday at the European Union Summit in Brussels—the first EU national veto ever exercised by a British Prime Minister—he surprised most observers and sent shock-waves through the Union as never before in the UK’s 39-year involvement in the grand European project.

Herman Van Rompuy

Because EU rules state that any new legislation must be ratified by all 27 nations, Cameron’s veto effectively rendered the treaty void. Feeling threatened by the direction and intentions of the German- and French-dominated EU, Cameron felt he could not recommend the newly drafted treaty to his country, especially while Britain was facing the threat of new EU-imposed taxes that would have hobbled London as a world financial center.

Many EU nations saw the veto as a selfish betrayal of the EU’s wider interests at a time when the Union’s very survival is threatened by the collapse of the euro and the increasing tensions between member nations. French President Nicolas Sarkozy pointedly accused Cameron of intransigence and of wrecking the summit.

But did Cameron’s veto really nix the treaty? After discussions stretching into the early morning hours on Friday, EU Council President Herman Van Rompuy proposed that the treaty go ahead anyway, bypassing existing EU legal structures. Ratification, he said, would instead be provided by the 17 members of the Eurozone, as well as by any other member countries that supported the aims of the summit. In the hours that followed, all of the remaining 26 EU member nations eventually signed up for the new treaty, leaving the UK isolated and alone.

Shocking as it may seem, all of these events are actually little more than a sideshow. The real issue behind the summit was the very survival of the Eurozone. Knowledgeable observers recognize that the crisis has been caused not by Britain, but rather by structural and systemic problems inherent in the very design of the euro system. Regrettably, despite bitter charges being leveled, very little was actually done at the summit to address the real cause of the EU problems; participants merely tinkered with the symptoms.

The new treaty is touted as a means to provide for fiscal union, but the measures taken do not remotely suffice. There is no lender of last resort to whom EU countries can turn, nor a EU treasury to care for the euro (the European Central Bank is currently denied that role). There is no shared budget, nor joint debt issuance to cover a nation’s indebtedness, a prospect that offends German sensibilities. There are no plans for growth that would allow countries to pay off their debts. And there remains a fixed exchange rate across the entire union, creating massive trade and capital flow imbalances between north and south, with only more and more austerity offered to southern nations as a solution. And all this is happening as the world economy slides towards a new recession.

In this harsh light of reality, the Eurozone crisis looks set to continue into the new year and beyond, with a growing odds-on potential for a massive “Euroquake” implosion—a disorderly market-driven break up of monetary union, with incalculably damaging results for Europe and the world economy. A large black hole is opening up and the Eurozone is lurching inexorably towards the brink!

Where are these events in Europe leading? What is their prophetic significance? Biblical prophecy points towards seismic political and economic events taking place in Europe, with a fundamental realignment of European nations leaving Britain on the outside. This is exactly what now appears to be tortuously coming about, as described in our Tomorrow’s World article, “Coming: A ‘United States of Europe’!” This Work has for many years been warning of events now coming to pass; watch our telecast “America’s Fall and Europe’s Rise” for more context on this vital subject. Read more

Ultimately, a new European “treaty” will be needed, as the Bible shows that there will be a reorganization in Europe (of course, there may be many new treaties or changes to the current one–and the meeting this week may at least contain changes to the current Lisbon Treaty, at least as to how it was originally supposed to have been understood). The Bible shows that ultimately, a major dictator (and I do not anticipate at this time that it will be Herman van Rompuy) will rise up and rule end time Babylon (Revelation 17:1-13), the final King of the North, European Beast power of Bible prophecy (Daniel 11:40).

The decision by UK Prime Minister Cameron is being called a type of disaster:

“There’s not a lot of goodwill towards the U.K. at the moment,” Robin Niblett, director of the Chatham House foreign- affairs research group in London, said in a telephone interview. “There will be some bad blood towards British diplomats in the near term.”

Cameron refused at a Dec. 8-9 summit to back a 27-nation fiscal pact without ironclad guarantees of a British veto right over future financial regulations, saying they posed a threat to London’s standing as Europe’s leading financial center. Ed Miliband, the leader of the opposition Labour Party, said yesterday the move was a “diplomatic disaster.” http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/13/bloomberg_articlesLW576N1A1I4H.DTL#ixzz1gQezB09w

And while Europe is not yet ready to become the final King of the North, we in the Living Church of God have long taught that the United Kingdom would be taken over by it and not part of it:

Interestingly, the Bible indicates that Britain will NOT be part of this final Roman system. Even now, there are misgivings among the British leadership and among the population at large about the approach to a complete union with Europe. (Meredith RC. Is the “Beast” Awakening? Tomorrow’s World Magazine, September-October, 2000, p. 8 )

The English-speaking nations will not prosper for long in connection with this system, however. In fact, they will ultimately be overpowered and destroyed by it militarily. Prior to military attack and occupation, devastating weather problems, combined with internal civil strife (“tumults in the midst” cf. Amos 3:9) will bring our nations to the point of internal collapse. (Ogywn J. The United States and Great Britain in Prophecy. LCG Booklet, Charlotte (NC)).

Ephraim (modern Great Britain) will not be part of the “Beast” power, so we can expect some significant change that will push the British out of the EU. (Davis. D. Ireland says “No!” to EU power grab. LCG Commentary, July, 1 2008)

The United Kingdom, as is, will not be part of the ten kingdoms (individual nations and/or groups of nations) that will give their power to the Beast in Revelation 17 (the UK’s power will ultimately be taken away). (Thiel B. Britain’s Ostracization, Euro-geddon, & China-geddon. Church of God News,December 10, 2011. https://www.cogwriter.com/news/prophecy/britains-ostracization-euro-geddon-china-geddon/)

Perhaps it should be mentioned that the general position within the Churches of God is that Britain will not remain in the EU and will pull out at some point. (Thiel B. Tony Blair a Catholic EU Leader? Church of God News, June 26, 2007. https://www.cogwriter.com/news/prophecy/tony-blair-a-catholic-eu-leader/)

It should be understood that ultimately, Britain will NOT thrive as part of the EU but will be taken over by the final European Beast power–yet its former Prime Minister is promoting something that will not help the peoples of the UK. (Thiel B. Tony Blair Calls for a Strong, Elected, EU President Church of God News, June 9, 2007. https://www.cogwriter.com/news/prophecy/tony-blair-calls-for-a-strong-elected-eu-president/)

Bible prophecy clearly shows that Britain will not be one of the TEN NATIONS comprising the final United States of Europe (McNair R. A Strong United Europe. Tomorrow’s World, February 1970, p. 17).

These recent news items are supportive of our views here. The United Kingdom, as is, will not be part of the ten kingdoms (individual nations and/or groups of nations) that will give their power to the Beast in Revelation 17 (the UK’s power will ultimately be taken away).

It seems like, at least weekly if not more often (and daily the past several days), there are items in the international press that support the view that the UK will not be part of the final European formation as anything like an equal partner.

Bible prophecy shows that it lands (like those of the USA, Canada, Australia, and New Zealand) will apparently be conquered by the power that will arise in Europe (cf. Daniel 11:39).

Prime Minister Cameron’s decision is simply not something that EU leaders like Herman Van Rompuy wish to accept–and this will cause the UK problems, and not just in the short-run.

Some articles of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of 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 Do 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?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article on this page on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”, based up an early 20th century writing.
Barack Obama in Islamic Prophecy? There is actually a 17th century Shiite prophecy that some believe that Barack Obama will fulfill that will lead to a rising up of Islam.
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”?
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?
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?
2012 and the Rise of the Secret Sect This is a link related to a book by Bob Thiel (COGwriter). This also has YouTube videos related to 2012. The book contains documented prophecies as well as an end time sequence of events that Christians should study and understand. Including the role of Europe and how it is pivotal to end time biblical prophecy.
2012 und das Auftreten der geheimen Sekte (German Edition) 2012 Buch von Dr. Thiel in deutscher Sprache.