WEU Transfers Control to ‘The Ten’—The 10 Nations Live On

[Mr Baldy]

MrB as far as the UK goes, it possibly being the 3rd, we are in a very different political and economic situation. If the EU wants to pursue a financial transaction tax (or fiscal union without opt-outs for the UK) the UK won't be forced down this route as it would be financial suicide because a major part of our economy is structured around the financial services unlike Germany or any other European power. We look more likely to leave than cede sovereignty, unless something else occurs - and this story twists and turns daily!

Don't you think for Belgium to be considered a horn as it was part of the WEU and now "The 10" it ought to have a government at the time of the other uprootings?

Hi James,

By your statement, I'm assuming that you are from England. As far as your statement about the UK's financial situation if forced by the EU to cede it's soverignty by giving up the sterling pound, or forcing some sort of tax - well, this is exactly what I think will happen. I don't think that the UK will have a choice. I believe that I have mentioned this before, but let me state this again........as the EU goes, so does the rest of the World - this is to include the UK. Because we now live in a Global Society - ALL of the banks are interconnected in some way, shape, form, or fashion.

The "Beast System" is alive and well - and I see this in the EU - or Revived Roman Empire. The mortal wound that Revelation 13 speaks of, (in my humble opinion) is that this Beast Sytem receives an economic crisis, and appears as if dead, and it is healed by becoming a united 4th Kingdom, that will eventually trample over the entire world financially. I mean this World Wide economic situation is absolutely crazy. How is it that the United States can "bail out" the EU, and the US is in financial dire straits itself? Go figure......

As far as you question about Belgium, yes, you're right about it being one of the 10 Nations of the WEU - but why would it need to be "uprooted"? I could have the meaning wrong about being uprooted, but to me Scripture seems to imply that the uprooting may be by some sort of force, or unwillingness to go along with the Beast. The EU - if I'm not mistaken seems to be Headquartered from Belgium.

As you know....I am certainly not dogmatic about any view that I present - things can literally change overnight, as you have mentioned. I'm just offering something for we who are watching for the Return of Christ to consider, as these amazing events appear to unfold.

[James1:12]

I see what you're saying Mr Baldy, but the feeling towards the EU and the pressure Cameron is under are currently pointing in the other direction for the UK. Fiscal union with full Uk involvement will mean we are the ones bailing out Europe through financial transaction taxes and losing more soveriegnty (at the moment its unpalletable and would lead to rioting at best) -but if there is enough fear because the whole thing has really bombed well as you say the whole system is now so interconnected undemocratic decisions will be made.

Not sure what you mean on Belgium, I dont think it needs to be uprooted, just that I think that a horn represents a leading military power/government and in Belgium's case it has been absent during the first 2 uprootings (loss of sovereignty to EU/IMF).

In other news:
Clay and iron below?


http://www.telegraph.co.uk/finance/debt ... -live.html

Latest
11:15 Chancellor George Osborne has said there was a concern that euro-area members will “caucus” ahead of the EU summit and use their votes to push through agreed policies.

He told the House of Lords Economic Affairs Committee in London today:

You’re right to point to the risk of caucusing. There was a concern about caucusing when the euro was created. If anything there probably hasn’t been enough coordination in the euro zone. That’s why we’re seeking protections for the 27 members of the EU.

The headlines are now getting severe on the future of Europe given the upcoming summit today/tomorrow.

[James1:12]

Whoops:

Latest
11:25 Bruno Waterfield, our indefatigable Brussels correspondent, sends an update on why Britain's hand at the negotiating table is pretty weak when it comes to the controversial financial transaction tax. He writes:

Here's an excerpt from a secret Foreign Office diplomatic note, showing the wording to protect the City of London that David Cameron tried to get agreement on at the last summit in late October.

The Prime Minister failed, and in a debate about EU treaty change Angela Merkel, the German Chancellor, warned him to back off with demands for special protection.

The British negotiating note said: (my emphasis) "[The EU] agrees that work being taken forwards to achieve better economic governance within the Euro area shall also consider and develop concrete and effective mechanisms to ensure that the integrity of the internal market at 27 is fully preserved and that the interests, including essential economic interests, of non-participating Member States are fully protected.”

Eeep good call Mr B

[Mr Baldy]

The headlines are now getting severe on the future of Europe given the upcoming summit today/tomorrow.

James, please keep us updated, as we really could be seeing the very pages of bible prophecy being fulfilled. If the UK is forced to give up it's sovereignty - then yet again, I will be convenced that the UK is the 3rd horn to be uprooted. (I know this is a long shot). With the Covenant with Many, in place, by way of the ENP(I), I think that we will see "power to continue" for 42 months be given to a man who once held the position, that has the ability to put all of this into place.

Make no mistake about it........the EU Beast has "forced" two other countries to put people into place; or their "own" puppet's into sovereign positions of government- therefore "uprooting" or placing those countries into checkmate; in order to carryout it's mission for World dominance. We can even look at the Lisbon Treaty - when the citizens of Ireland were initially against it - well, the EU Beast System made it alive and well until they got the Treaty ratified - and that through force and coercion.

There are absolutely some movements that are going on most aren't even paying attention to - but yet the Bible has predicted that these things would happen.

I will just stay tunned.........

[James1:12]

Nic says:

15:20 French president Nicolas Sarkozy warned there would be "no second chance" if tomorrow's crucial EU summit failed to reach a deal to save the euro.

"Never has Europe been so necessary and never has it been in so much danger... Never has the risk of Europe's explosion been so great," Sarkozy said with only hours to go before the EU summit in Brussels.

"If we don't have an agreement on Friday, we will not have a second chance," Sarkozy told a meeting of European conservative parties in the French port of Marseille.

Dave says:

15:00 David Cameron likens summits to a game of chess. You can just imagine him in a smoke-filled room with his glass of brandy, weighing up the issues of the eurozone. Oh except, he's playing against 26 different opponents rather than one.

Seriously though, he tells DHL workers, he would have "no hesitation" in using Britain's veto if necessary.

Otherwise it would be "checkmate".

Finland says:

16:15 Back to the potential stumbling block in Finland. The country's parliamentary law committee has ruled that proposed changes to the EU's permanent bailout fund would not be compatible with the constitution. Any such proposal would require a two-thirds majority in parliament - making acceptance of the package even more difficult.

Ahead of the crucial EU summit - due to start with an informal dinner in Brussels tonight - France and Germany have proposed that the permanent bailout fund be streamlined by allowing decisions to be pushed through by countries holding 85pc of the European Central Bank’s capital.

Currently, decision-making is by unanimous vote.

But Finland's law committee has warned the changes would damage national sovereignty.

Raoul Ruparel, of think tank Open Europe, told the Telegraph:

Rather than focusing their energies on the key issue at hand – avoiding immediate crisis – France and Germany have tried to secure another couple of changes which they are keen on, namely the harmonisation of corporate tax bases and the use of majority voting for ESM decisions.

Unfortunately, this looks to have backfired by stoking the anger of Ireland and Finland respectively, another obstacle to forming a lasting agreement.

Ouch

[James1:12]

Tragic shooting in US occurs exactly at the time of EU crisis summit not for the first time. I often think that the devil wants the US to be distracted at these times. Don't fool for that plan, but don't overestimate the importance of Europe when your own are hurting.

I would urge Americans to do what your enemy doesn't want you to, that is pray for the families affected by this tragedy and pray for the EU situation (I recommend you pray in that order, families first EU nonsense second).

[James1:12]

08.47 The Telegraph's Benedict Brogan has more on the political fallout of last night's EU-wide treaty failure and where it leaves Anglo-French relations (clue: not in a good place):
Related Links
You might like:Debt crisis: all 17 eurozone countries face losing AAA credit status05 Dec 2011Telegraph FinanceEurozone debt crisis: safeguard the City or I'll veto new EU treaty, warns David Cameron06 Dec 2011Telegraph FinanceEU's Juncker tells Cameron 'don't block summit deal'08 Dec 2011Telegraph Finance

From the WebFORM THE WEB:‘I Wish I Were Wrong’ — Economist Laments Prediction. See Interview.28 Nov 2011MoneynewsBanks in Trouble - What Will Happen to your Money?21 Oct 2011BBC Business VideoFOREX: Euro Response to ECB Rate Cut May Wait for EU Summit Outcome08 Dec 2011DailyFX[what's this]
This morning's news will be a shock to those used to hearing British prime ministers threaten a veto but never use it. As William Hague said earlier, the Prime Minister has done exactly what he said he would do: block a proposal that threatens Britain. But where does it leave us?

For starters, Edward Leigh owes Mr Cameron an apology, and a grovelling one at that (yesterday, the Tory MP compared Dave to Chamberlain). Beyond that, all is uncertainty. His decision puts the Coalition under immediate strain. For Britain to step out of the European consensus, to set itself apart, is a blow to core Lib Dem beliefs. How will Nick Clegg react?

Mr Cameron was right to reject a deal designed by the French, for the French. At the heart of this dispute is France's desire to see Britain out of the EU, and the City marginalised.

That was why they loaded the package with elements Britain could not accept. Downing Street officials are clear about what the French are up to, and why the Prime Minister had no choice but to say non.

Go Dave!

[James1:12]

09.17 James Kirkup, The Telegraph's deputy political editor, has written that David Cameron's veto creates a new era for Europe and the coalition:

"Sometimes it is the right thing to do to say 'I cannot do that'." With that, David Cameron announced a new British relationship with the European Union, and a new era for the EU.

He also raised questions about the future of his Coalition with the pro-EU Liberal Democrats.

Almost every leader at the Brussels summit, except Nicolas Sarkozy of France, wanted to strike a deal to save the eurozone among all 27 EU members.
Related Links
You might like:Debt crisis: all 17 eurozone countries face losing AAA credit status05 Dec 2011Telegraph FinanceEurozone debt crisis: safeguard the City or I'll veto new EU treaty, warns David Cameron06 Dec 2011Telegraph FinanceEU's Juncker tells Cameron 'don't block summit deal'08 Dec 2011Telegraph Finance

From the WebFORM THE WEB:‘I Wish I Were Wrong’ — Economist Laments Prediction. See Interview.28 Nov 2011MoneynewsBanks in Trouble - What Will Happen to your Money?21 Oct 2011BBC Business VideoFOREX: Euro Response to ECB Rate Cut May Wait for EU Summit Outcome08 Dec 2011DailyFX[what's this]
Mr Cameron said he was vetoing an agreement among all 27 EU members because he did not get the safeguards he wanted for the City.

09.04 Following the treaty veto, Terry Smith of interdealer broker Tullett Prebon, didn't mince his words. He told BBC Radio 4:

[The UK is] as isolated as somebody who refused to join the Titanic just before it sailed

Core Eu integration is now set to move at lighning speed now the Frnech have succesfully ditched the drag factor nations.

[Mr Baldy]

Here is a link I found on how the EU is fighting hard to save the Euro:

http://news.yahoo.com/treaty-save-euro- ... 47726.html

At the end of the day....I still believe that Britain will be "uprooted" by the Beast - the EU.

Time will tell however.

[James1:12]

Britain's isolation from the Eurozone and now by extension the EU, given that the 26 other nations of the EU are joining the Eurozone club's still forming fiscal union.

Surely we are not far from big events. The economic problem has not been solved but strength is being found with those who want ever closer union (Croatia even signed its accession treaty yesterday, almost unbelievable). Once they are under a more binding treaty after this crisis has deepened I expect foreign, energy and security policy will be all harmonised

[Douggg]

Britain's isolation from the Eurozone and now by extension the EU, given that the 26 other nations of the EU are joining the Eurozone club's still forming fiscal union.

Surely we are not far from big events. The economic problem has not been solved but strength is being found with those who want ever closer union (Croatia even signed its accession treaty yesterday, almost unbelievable). Once they are under a more binding treaty after this crisis has deepened I expect foreign, energy and security policy will be all harmonised

We have to keep in mind that the EU and the Euro Zone are two different things. The EU has 27 nations. The Euro Zone has 17 nations that use the Euro as their currency.

Those 17 nations currently using the Euro may get reduced to ten, with countries like Greece dropping out... as one possibility to get to the ten kings.

The effort, thwarted by Britain mainly (Sweden, Hungary, Czech Republic also), for the 27 nations was additional treaty for fiscal constraints. But the question in my mind is the enforcement. How is it going to be enforced?

One thing about the Euro crisis, we are learning all kind of stuff about the EU and the EuroZone. For instance, I was watching financial channel on TV and Sivlia Wahhwa (one of my favorite commentators), a German commentator
, say that the Germany people don't vote on changes to the Euro zone, it is strictly up to their government. 90% of the Germany people didn't want to leave their deutsch mark to start with, but their government to decided to go with the Euro. She said Germany is a representative democracy. That they elect a government and hope for the best. So there is not going to be a vote by the German people themselves. What she also said was that the summit and the crisis is really a story about what the emerging EU is going to look like. Maybe she is reading her bible.

Doug

[James1:12]

I've been reconsidering the uprooting and what it could mean.....

Nations/leaders are uprooted in relation to the "beast", therefore unlike the Eurozone members who have become more strongly entrenched on the system EU/Eorzone, we can expect to see 3 prominent nations sidelined form leadership.

The UK is first with France and Germany to follow as they fail to fix the crisis? Thats my thought for the day and the more I consider it the more it makes sense to me. It is more in accord with the scripture than picking 3 Eurozone members who are going bankrupt. It's about leadership.

11.02 The Daily Telegraph's Brussels correspondent Bruno Waterfield has blogged on his own insider's view of the crisis in a post titled: "The EU has cracked. Good."

The breaking of the EU at an all-night summit last week, where British prime minister David Cameron vetoed changes to the EU Lisbon Treaty, is a healthy sign that politics can assert itself over the slavish routines of Euroland.

Until this crack occurred, the EU had been using the full force of statecraft to deny new facts and to enshrine failed doctrines in a world where reality had changed.

... The EU split has taken place because the Euro crisis and the rivalries between the global powers (Germany, France and Britain) left little room for bureaucratic manoeuvre, and therefore politics exploded into the open.

The big shifts of last week actually expressed a changing reality, rather than that reality being suppressed beneath euro-pieties, as has happened so often in the past.

[James1:12]

If I'm right France or Germany will be next then...

12.35 It's worth noting that while the UK was the only country to veto plans for a new EU treaty, it isn't as though what was agreed is assured of everyone else's backing going forward. Francois Hollande, the favourite to unseat Nicolas Sarkozy as French president, says that if he does win the election next year he will renegotiate last week's deal.

This accord is not the right answer ... If I am elected president, I will negotiate, renegotiate this accord.

The socialist candidate is not a fan of the plans agreed for closer fiscal integration between the eurozone nations, arguing that they are too focused on austerity. He favours eurobonds - the issuance of common government bonds by the eurozone.

Perhaps I should have stuck to my guns on the France/UK/Germany horn theory. THings are going to get clearer and if the Eurozone bailouts are the uprootings/subdueings then at least that will be prven very soon. I just can't help but feel that because these big 3 have beeen so in control of the EU direction in terms of foreign policy and economic structuring that its these guys that have to fall.

[Mr Baldy]

Perhaps I should have stuck to my guns on the France/UK/Germany horn theory. THings are going to get clearer and if the Eurozone bailouts are the uprootings/subdueings then at least that will be prven very soon. I just can't help but feel that because these big 3 have beeen so in control of the EU direction in terms of foreign policy and economic structuring that its these guys that have to fall.

You may be right.....

Question that I have however, is if you have 3 countries as powerful as France; Britain; and Germany - and the money is basically controlled by them, then why would they have to fall?

It would appear to be easier to "forcibally" takeover the sovereignty of Nations who were slack, in order to make them conform to an Empire that collective minds were attempting to establish.

Nevertheless....just my humble opinion.

[Douggg]

For those of you who are weak spellers like me , pigs (Portugal, Ireland, Greece, Spain) is not longer spelled "P" "I" "G" "S".... but piigs with two i 's. I just found out by watching business channel.

Piigs is Portugal, Ireland, "Italy", Greece, Spain.


Doug

[James1:12]

Perhaps I should have stuck to my guns on the France/UK/Germany horn theory. THings are going to get clearer and if the Eurozone bailouts are the uprootings/subdueings then at least that will be prven very soon. I just can't help but feel that because these big 3 have beeen so in control of the EU direction in terms of foreign policy and economic structuring that its these guys that have to fall.

You may be right.....

Question that I have however, is if you have 3 countries as powerful as France; Britain; and Germany - and the money is basically controlled by them, then why would they have to fall?

It would appear to be easier to "forcibally" takeover the sovereignty of Nations who were slack, in order to make them conform to an Empire that collective minds were attempting to establish.

Nevertheless....just my humble opinion.

They have to fall for the leadership ov the EU to take over. Intergovernmentalism must fail. If its only the PIIGS and the like that fail how will anyone displace the big 3? France and Germany will soon be at loggerheards over what exactly they want from this fiscal union.

(Just realizing that my tactical vote for the tories last year may have invited the situation I wanted to avoid!)

[Mr Baldy]

They have to fall for the leadership ov the EU to take over. Intergovernmentalism must fail. If its only the PIIGS and the like that fail how will anyone displace the big 3?

James, the point that I was trying to make. The EU Leadership has taken over - it is a "Beast System", meaning united. How else can they dictate to sovereign nations like Italy and Greece who will lead them?

Intergovernmentalism is exactly how the Antichrist will come to power.

[James1:12]

Sorry Mr. B I see what you're saying now.

I don't think the EU is in control yet until it has its leader. I think the bible is saying that when the 3 horns are subdued we then have out united power under the AC.

Intergovernmentalism is the system the big powers have operated to keep the EU down but I believe is now breaking down b/c of the Eurozone crisis/wound.

The EU national capitals are still triyng tio solve it without loss of soveriegnty although as you point out others are being forced to lose theirs.

[Mr Baldy]

I don't think the EU is in control yet until it has its leader. I think the bible is saying that when the 3 horns are subdued we then have out united power under the AC.

I agree.....this entire "Beast System" will be like iron & clay until the coming Antichrist finally takes control. It's going to be a bit confusing until the A0D - I believe that is when we who are watching will know without a doubt.

[James1:12]

07.50 With the feeling growing that last week's not-yet-a-treaty is already a damp squib, the Telegraph's Jeremy Warner predicts another eurozone crisis is only weeks away. He writes:

It is only a matter of time – I’d give it no more than a week or two into the new year – before the financial and accompanying economic contagion breaks out anew, very likely in even more virulent form.

The system has essentially broken down, but it is as if eurozone policymakers are still fumbling around in the boot for solutions, rather than looking under the bonnet.

There was no fiscal compact of any significance agreed last weekend. Nor was there any progress made in providing a credible backstop. Even with the extra funds which European leaders are laughably promising via the IMF “back door” (as if they cannot trust themselves with their own money), the financial firewall remains dwarfed by the ever-growing size of the problem.

To survive, the eurozone needs urgently to find some way of internally sharing the burden of its debts. Two years after the crisis began, progress remains as elusive as ever.

07.40 It doesn't often happen, but the Financial Times and the Daily Mail have taken the same line on events in Europe in this morning's papers.

Both say cracks are starting to show in the agreement reached between 26 of the 27 EU nations last Friday, with Britain the odd one out, as governments have to put forward the changes to their own parliaments and electorates.

Now, the FT says, "the pressure is acute in non-eurozone countries where at least four governments warned that the precise text would determine whether they could sign up or otherwise join the UK on the sidelines."

The Czech leader Petr Necas said "there is not much more than a blank sheet of paper" on offer at the moment.

Within the euro, Ireland's PM Enda Kenny was facing calls to put the plans for more central control over tax abd spending to a referendum, and Holland'sleader Mark Rutte also under pressure.

[James1:12]

10.50 Some interesting comments from Ireland on the European treaty and David Cameron's use of the veto to protect the City. Finance minister Michael Noonan said Ireland is "prepared to talk" with the EU about the introduction of a tax on financial transactions - a measure vehemently by the UK - but thinks Ireland could be put at a disadvantage if the City is not covered.

We are prepared to talk about the tax, but obviously there will be disadvantages for Ireland if a financial transaction tax will be applied in Dublin and not be applied in London as well.

[James1:12]

11.20 It is not just the UK Coalition that is under stress from the eurozone crisis. In Germany, a senior leader of the Free Democrats - which share power with Angela Merkel's Christian Democratic Union - has resigned. Christian Lindner was general secretary of the FDP and, at only 32, was seen as future leader of the party.

[James1:12]

11.30 A worrying sign that all is still not well with Spanish banks. According to Spain's central bank, the amount owed by Spanish banks to the European Central Bank, the lender of last resort, surged by 28.8pc in November to €98bn (£82bn).

11.25 Italian reporter Fabrizio Goria says scientists in Switzerland are not the only people searching for the God particle - eurozone leaders could do with a miracle too. Via Twitter

[James1:12]

13.10 BREAKING ...

Angela Merkel is now addressing the German parliament in a debate about the agreements on eurozone fiscal union made in Brussels last Friday.

She said the process to create closer union between eurozone countries is an "irreversible" process - and that Britain"remains an important partner in the EU" despite our refusal to back an EU treaty.

[James1:12]

11.55 Kathleen Brooks, research director at FOREX.com, wrote a prescient comment on the euro/dollar exchange rate first thing this morning - the single currency has now dropped below $1.30 and she sets out what that means:

Although we are entering a hefty couple of days for economic data the key thing that everyone is looking at is the euro, it has tumbled in the last 24 hours..

$1.30 is a key psychological level for the single currency and hasn’t been breached for 11 months, if we see it fall through here it signals a couple of things: 1, the debt crisis has escalated and 2, market sentiment towards euro-based assets has taken another turn for the worse.

11.52 The euro's decline (see 11.36) has now taken it below the psychologically-important $1.30 mark. Sterling, meanwhile, is at a nine-month high against the euro.

[James1:12]

14.24 Jean-Claude Juncker, president of the Euro Group and prime minister of Luxembourg, has warned that if the euro collapses then the entire European Union will be at risk. Speaking in the Luxembourg parliament he said:

If the euro falls — and it won’t — then the entire European unification project is at risk in its substance and in its essence.

I’m fundamentally convinced that if we don’t manage in the coming years to make it sustainable in the future, the entire European unification will crumble again into pieces.

[Mr Baldy]

14.24 Jean-Claude Juncker, president of the Euro Group and prime minister of Luxembourg, has warned that if the euro collapses then the entire European Union will be at risk. Speaking in the Luxembourg parliament he said:

If the euro falls — and it won’t — then the entire European unification project is at risk in its substance and in its essence.

I’m fundamentally convinced that if we don’t manage in the coming years to make it sustainable in the future, the entire European unification will crumble again into pieces.

Hi James.......

First of all I want to thank you for keeping us all updated on the current events that are happening in the EU. I guess that there will be continious debates on whether or not the EU is the Revived Roman Empire - or 4th and Final Beast; that both the Book of Daniel and Revelation speak about - as being the last Empire before the Return of Christ. However, I believe that the evidence is clear.

There are those of us who want to reject, or confirm what is plainly before our eyes - in that Scripture shows us a picture of what is to happen; but we either accept, or reject it because of what we "think" may happen, and that based on the way that we interpret Scripture. I include myself in this category.

In saying that, we have those who believe that there will be no monetary system at all - and that it will be replaced by the "mark of the beast" system. Since studying prophecy I don't necessarily see that a total collapse of a Global monetary system has to be in place in order to meet the requirements of Revelation 13: 16-18 - which is: that he (Antichrist or Beast System) causes all to receive a mark in the right hand, or forehead. Nor is it mentioned that the "MARK" will be the number 666; only that the number of the beast will be 666.

Well, what if this 1st "Beast" is an "Empire", (as I believe that it is), and the man who is associated with this "Beast Empire" has been identified by the number 666, - and IS the "2nd Beast rising from the Earth"? This doesn't mean that the monetary system has to totally fail on a Global scale - it could simply mean that just a "MARK" is required in order to buy or sell.

Base on the continious information that is being supplied; by yourself, and current events that are being reported daily - I truly believe that this is the 4th and Final Global Empire - that being the EU. That being mentioned, I'd like to say that I think that the EU monetary system; being the EURO will survive. And that won't matter if other economies collapse to some degree, or totally collapse.

The question now remains......what will usher in the coming Antichrist?

Well, in my very humble opinion.....they (EU) will bring the Economic Crisis under control, and have currency - whether it be a single Global Currency or not. It will be WAR that causes the Antichrist to rise to power - who will obtain his Positon by "flatteries" and deceive many by peaceful means, in order to obtain such a position. Because of WAR, and social and economic clamities; he will then implement, or "cause" through the Global Crisis, that a "MARK" be used at that point; in order to control Food. People will want to eat, and this is what will cause the "mark" to be justified, and implemented.

Just thoughts.........

[James1:12]

All good points Mr B.

The question now remains......what will usher in the coming Antichrist?

Well, in my very humble opinion.....they (EU) will bring the Economic Crisis under control, and have currency - whether it be a single Global Currency or not. It will be WAR that causes the Antichrist to rise to power - who will obtain his Positon by "flatteries" and deceive many by peaceful means, in order to obtain such a position. Because of WAR, and social and economic clamities; he will then implement, or "cause" through the Global Crisis, that a "MARK" be used at that point; in order to control Food. People will want to eat, and this is what will cause the "mark" to be justified, and implemented.

Agreed, the UK is tying the economic crisis with military risk see below:

http://www.telegraph.co.uk/news/uknews/ ... hards.html

Eurozone crisis poses military risk, warns defence chief General Sir David Richards

Reductions in allied military capabilities could put a greater burden on Britain’s stretched forces in Afghanistan and elsewhere, it is feared.

The military planning work has come to light after The Daily Telegraph disclosed last month that British embassies in the eurozone have been told to prepare emergency plans for the demise of the euro and the possible civil disorder that could follow.

I believe the West is losing its military edge and the warning was 9/11 from Isaiah 9:10. It was God who tied these issues together as the US in particular as the chief nation has replced its roots in scripture and faith with trust in military and ecopnomic strength. This has had an immeditate effect on the rest of the western world that has been busily eroding its strong foundations for decades.

[James1:12]

11.22 We might not be sure of how much the UK is on the hook for, but Russia is committed to giving "at least" $10bn through the IMF to support Europe's efforts to stave off the debt crisis. A Russian presidential aide said:

We are committed to do it. Ten billion dollars is the minimum commitment.

[James1:12]

11.39 From BBC business editor Robert Peston's latest blog:

Here is the simple equation which makes it quite hard to be optimistic about what lies ahead for the eurozone: the stability of the eurozone probably requires Germany to underwrite more-or-less all eurozone sovereign debts, to end the contagion from weak sovereigns to weak banks; but that won't happen unless and until there is an all-powerful finance minister (in effect) for the whole of the eurozone, to reassure Germany and the German people they wouldn't be throwing good money after bad.

Or to put it another way, unless a country like France is prepared to make a much greater sacrifice (for the good of the currency union) of its own government's budget-making powers than it currently seems prepared to do, it is quite hard to paint a rosy picture for the eurozone.

[James1:12]

http://euobserver.com/1016/114652

Three MEPs chosen for new treaty negotiations
Today @ 13:49

By EUOBSERVER

Three MEPs Thursday were chosen to represent the European Parliament during forthcoming negotiations on an intergovernmental treaty on tightened economic governance. They are German centre-right MEP Elmar Brok, Italian Socialist MEP Roberto Gualtieri and Belgian Liberal MEP Guy Verhofstadt.
.

[James1:12]

13.38 A blow for those hoping for decisive European Central Bank (ECB) intervention to quell the eurozone crisis: ECB policymaker Jens Weidmann said his peers at the bank are growing sceptical of its bond-buy programme, which he openly opposes.

Here he is on pressure for the ECB to fly to the rescue of debt-laden governments:

It is like an alcoholic saying that 'I need to get a bottle tonight. Starting tomorrow I will be clean and abide by the rules, but I need the bottle tonight'. I don't think it is sensible to give the alcoholic the bottle. He won't have an incentive to solve the problem.

[James1:12]

10.50 More detail on Britain's attendance at future EU meetings on the new regulations being brought in to shore up the euro by setting up more central control over eurozone nations' finances.

Poland's foreign minister said Radoslaw Sikorski UK "experts" will sit in on the meetings, which he took as a good sign that Britain is not out of the EU yet:

Over the last 24 hours we have learned that Great Britain will send experts to meetings on the new regulations.

We know that Britain has announced its participation in an experts' group which is to prepare the text of the new measures, so I think Britain's position is less determined than London tabloids would have us believe.

I expect we'll have to be somewhat "subdued" at these meetings now. But let's see Mr baldy, from other news it seems Italy and Spain are in deepening trouble, perhaps the Spanish are next for a new Eurocratic dictatorship.

[Mr Baldy]

I expect we'll have to be somewhat "subdued" at these meetings now. But let's see Mr baldy, from other news it seems Italy and Spain are in deepening trouble, perhaps the Spanish are next for a new Eurocratic dictatorship.

Again, thanks James for keeping us all updated. I guess no one really knows for sure how all of this is going to turn out, but when I learned that Greece and Italy had to be "forced" by the EU - (which, I think is the Beast of the Sea mentioned in Revelation 13) to give up their sovereingty, that was clear evidence that they had been "subdued" - at least to me.

As far as Spain is concerned - well, I know that they were on the chopping block as well, but to my knowledge, they had an election. I guess the jury is still out.

If I were a betting man, I would definately place my vote on Britain being the 3rd horn. I see no way that this Beast System - that being the EU, will allow the Euro to fail. Britain will have no choice, but to give up her sovereinty as well. I know that sounds crazy to most, but we all live in a Global Community, and at the end of the day, all of the money is connected. If this were not so, Britain wouldn't be so interested in the meetings that the EU is hosting.

[James1:12]

The world system is still getting built despite the crisis:

21.00 IMF chief Christine Lagarde has said that South Sudan will become an IMF member in early 2012.

Perhaps Europe can turn oil into bailout funds...

20.42 US President Barack Obama called Russian President Dmitry Medvedev to congratulate him on Russia's admission into the World Trade Organisation, the White House has said.

19.40 We are expecting downgrades of Spain and Italy at some point tonight. Probably after US markets close. We'll have the latest here.

17.11 The Telegraph's Jeremy Warner has blogged on the France-UK row: The only trouble with France is that it is filled with Frenchmen
France's anger at the way Britain has managed to avoid the folly of the euro has descended into abject comedy

How rude

[James1:12]

News says th UK will now have only "observer status" at Eurozone treaty summits.

Also Spain is bouncing back.... market chaos or is it becoming "stouter in appearance" like the little horn of Daniel?

[James1:12]

09.17 Two pieces of breaking EU news.

Germany says it plans to borrow €250bn from markets next year.

Spanish 10-year bond yields have fallen below 5pc. This means that the country's borrowing costs have fallen, too, instigated by the ECB's loan action today.

[James1:12]

10.59 Mariano Rajoy has took over as Spain’s prime minister, backed by the strongest majority in three decades, and is preparing to appoint a finance minister, who will be tasked with reordering public finances and creating jobs.

WHO?

[James1:12]

09.28 Peter Bofinger, a member of Chancellor Angela Merkel's council of economic advisers, has said that the future of the euro will be decided in the next six months. He added that the single currency has "no future" unless Germany changes its stand.

08.47 Also in the news, Fitch has warned the US that it may be stripped of its AAA rating by 2013 because of rising debt levels.

Yesterday's ECB action managed to make 523 banks happy - to the tune of €489bn in loans - but seemed to spook rather than reassure the markets.

06.30 Back to the (very large) matter at hand. And Sir Philip Hampton, the chairman of Royal Bank of Scotland, expects a "small country" to leave the eurozone, putting more strain on the world's banking system.

07.26 Damian Reece, head of business at the Telegraph, has commented on yesterday's ECB measures in today's paper: Eurozone zombies follow Mario Draghi's cheap money

Draghi has had to ignore any sense of moral hazard and agree to fund weak banks at the expense of strong. He has opened a quantitative easing (money printing) exercise of enormous proportions. Weak banks unable to fund themselves on the open market are now hooked on cheap ECB money.

[James1:12]

11.21 At last, some good news. Druids said the omens are good that 2012 will be an excellent year after the sun shone on Stonehenge during a dawn ceremony to mark the winter solstice today.


Will George Osborne, Mario Draghi, Angela Merkel and her little friend Nicolas Sarkozy take heart from this?

Phew it's over now. Let's get spending....

[James1:12]

11.36 So it's not just the Brits who are against Merkozy's planned Financial Transaction Tax (FTT), seems the Dutch don't see the point either. I've just seen a report by the CPB - Netherland's Bureau for Economic Policy Analysis, which feeds economic forecasts to the Dutch cabinet and government. Here's their view on the controversial tax:

We find little evidence that the FTT will be effective in correcting market failures. Taxing of transactions is not well targeted at behaviour that leads to excessive risk and systemic risk creation. The empirical evidence does not suggest that the introduction of an FTT reduces volatility or asset price bubbles. Transaction taxes will likely reduce investment in trading activity and information acquisition, but also raise the costs of insurance against currency and interest risks by companies, insurers and pension funds. The welfare effect of that is unclear.”

[James1:12]

11.36 So it's not just the Brits who are against Merkozy's planned Financial Transaction Tax (FTT), seems the Dutch don't see the point either. I've just seen a report by the CPB - Netherland's Bureau for Economic Policy Analysis, which feeds economic forecasts to the Dutch cabinet and government. Here's their view on the controversial tax:

We find little evidence that the FTT will be effective in correcting market failures. Taxing of transactions is not well targeted at behaviour that leads to excessive risk and systemic risk creation. The empirical evidence does not suggest that the introduction of an FTT reduces volatility or asset price bubbles. Transaction taxes will likely reduce investment in trading activity and information acquisition, but also raise the costs of insurance against currency and interest risks by companies, insurers and pension funds. The welfare effect of that is unclear.”

[James1:12]

11.55 Now the Pope has waded into the eurozone debt crisis, calling it an "ethical crisis".


"As this year draws to a close, Europe is undergoing an economic and financial crisis, which is ultimately based on the ethical crisis looming over the Old Continent. Such values as solidarity, commitment to one's neighbour and responsibility towards the poor and suffering are largely uncontroversial. [But] the motivation is often lacking for individuals and large sectors of society to practise renunciation and make sacrifices."

[James1:12]

12.08 The war of words with Britain is over, says French foreign minister Alain Juppé. He told the Telegraph:


"The comments [of the past few days] went further than their authors wished, [but there is] no need for excuses on either side. There is not an ounce of doubt that Franco-British relations, that will become excellent once again as we have too much in common to allow them to deteriorate. I cannot imagine that we will push Britain out of the European Union

Trapped but also silenced?

Mr Juppé said he did not think that differences over Europe would "block" defence co-operation between France and the UK. He had a "convergence" of views with William Hague, the Foreign Secretary on tackling the crisis in Libya, Iran and Syria.

France and Britain will host a bilateral defence summit probably "mid-February" in which they will show that the landmark defence accord of Lancaster House last year had "born fruit".

Britain, he added should "count itself lucky" it had a central bank able to buy debt

Yes the basis for sound economic decion making has always been luck - no lessons learned there then Mr Juppe.

[James1:12]

09.48 Outgoing European Central Bank official Juergen Stark has said the bank's decision to buy government bonds was the final push for his decision to resign.

He told Germany's Die Welt newspaper that the controversial purchases were one of the developments that convinced him the eurozone "was on the wrong track".

09.34 Italian bond yields are rising. Ten-year yield now at 6.836pc, dangerously close to the problematic 7pc level.

[James1:12]

13.58 Italian Prime Minister Mario Monti has left Rome for a trip to Brussels... although no one is sure why

13.43 And in the eurozone things go from bad to worse. The EU/IMF aid schedule for Greece has been pushed back three months.

13.16 We are now hearing reports that the IMF is conducting stress tests on Japanese banks.

Contagion?

12.57 We are hearing reports that a new version of the EU fiscal compact gives greater powers to the European Commission, including the ability to take countries to court.

11.44 Not a good day for Italy. After having multiple bank shares suspended and bond yields passing 7pc, the MIB is now down 3.3pc, that's more than 500 points. Italian government reportedly sticks to its forecast of a 4pc fall in GDP this year

[James1:12]

10.46 Billionaire investor George Soros said a fracturing of the euro area would have “catastrophic” consequences and that markets have started pricing in the possibility of the region breaking up.


The disintegration of the 17-nation currency bloc would affect Europe and the “entire global financial system,” he added. Markets are “far from equilibrium and extremely difficult to predict using the yardsticks or methods that were used in the past,” Soros said, adding investors “have to play it safe” and that “unless you can anticipate events correctly, it’s better to do nothing than to keep on losing money.”

[Ready1]

Do you have a link for your last quote?

[burien1]

Do you have a link for your last quote?

He posts from a live blog at The Telegraph. That's why there is a time # for all his posts.
http://www.telegraph.co.uk/finance/debt-crisis-live/8993582/Debt-crisis-Live.html

[Ready1]

Thx, I understand after looking at it.