Saturday, November 27, 2010

EU in Crisis: Time for the 10 Kings to Emerge?

The EU seems to be hanging by a thread these days and one has to wonder how much longer before we begin to see the emergence of the 10 Kings phase of progress.

Big changes usually require some sort of a crisis and there has been no shortage of such with the EU lately.

A commentary and a news article underscore the problems:

Nigel Farage poses an excellent question. We're still waiting for the answer

Here’s a typical headline from the Associated Press today:

“Debt turmoil, contagion fears sweep Europe.”

(this referenced article is found below)

Yikes. Yesterday it was Greece: they’re in debt to the tune of $175 billion. Now that may seem like small potatoes in the age of Barack “the sky’s the limit” Obama. But keep in mind that there only about 11 million Greeks.

Of course, Greece will never pay back this money. In the time-honored custom of Third World nations across the globe, it will default.

But now it looks like the habit may be catching. Yesterday it was Greece, today it is Ireland — remember the “Irish tiger”? Turns out it was an inflatable pussy cat: pumped full of gas by artificially low interest rates underwritten by the EU.

And tomorrow? Well, Portugal is choking under debt that is 325 percent of its GDP. Of course, Portuguese officials say they won’t be seeking a bailout. But that was what Ireland said a couple of weeks ago, too.

And what about the day after tomorrow? “Analysts,” quoth that AP story, “say markets need more reassurance from EU leaders that the rot can be stopped in Portugal before spreading to Spain, the continent’s fourth-largest economy — a scenario that would threaten the 16-nation euro currency itself.”

Now, the money situation is bad, very bad. But worse news concerns politics, in particular the fate of freedom and democracy in Europe.

Now we get to some inside glimpses into the new Roman Empire:

The European project has always been a game played by unelected political elites and foisted on the people. When EU leaders couldn’t get the Lisbon Treaty, a.k.a. the European Constitution, ratified by a popular vote, they did what any sensible totalitarian would do: they circumvented the people and declared the treaty passed.

Most people don't realize the facts presented above. The constitution failed because the voters of the various countries didn't vote favorably, and at that point the decision was made to create the Lisbon Treaty to replace the constitution, only the Lisbon Treaty did not require a popular vote in the countries.

Enter Nigel Farage. Who is Nigel Farage? He is a former Conservative British politician who left the party in 1992 when John Major’s government signed on to the Maastricht Treaty, thereby selling out a large measure of British sovereignty

Now we should all read the following paragraphs very carefully:

Partly an economic fire alarm, the deeper message of Mr. Farage’s speech concerns the way EU politicians are deliberately subverting democracy — removing, in Mr. Farage’s words, “any remaining traces of democracy form the system” — in order to keep the dream of a European superstate alive.

The problem is, Mr. Farage pointed out, that people all over Europe are waking up and saying “we don’t want this, we don’t want [the EU] flag, we don’t want the anthem, we don’t this political class, we want the whole thing consigned to the dust bin of history.”

And the response by the EU bureaucrats who run things? Well, Ireland was told that it would be inappropriate from them to have a general election; they had to agree on a budget first. Mr. Farage had the perfect response to this effrontery: “Just who the hell do you think you people are? You are very, very dangerous people indeed. Your obsession with creating this Euro state means that you are happy to destroy democracy.”

Mr. Farage got it in right: the political crisis facing Europe may be exacerbated by the domino-like collapse of the economies of the member states.

But the critical issue is the future of democracy, i.e., the future of freedom.

It is “more serious than economics,” Mr. Farage argued, “because if you rob people of their identity, if you rob them of democracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that really happens.”

In many ways, what we see happening in Europe seems to be paralleling current politics in the U.S., with much of the current policies being enacted against the will of the American public. Its an ominous and alarming trend to say the least.

Also see:

Debt turmoil, contagion fears sweep Europe

Europe struggled mightily Friday to keep the debt crisis from engulfing country after country.

"This confusing `pea-soup' of indecision, vacillation and disunity by the EU is beginning to create unnecessarily seismic waves of fear in international bond and money markets," said David Buik, markets analyst at BGC Partners.

Analysts say markets need more reassurance from EU leaders that the rot can be stopped in Portugal before spreading to Spain, the continent's fourth-largest economy — a scenario that would threaten the 16-nation euro currency itself.

"Markets remain nervous, and the key to a stabilization in the euro and other global currencies likely hinges on whether we can see some stabilization in eurozone government bond markets in the coming days," said Nick Bennenbroek, head of currency strategy at Wells Fargo.

It will be fascinating to watch how this plays out.

Portugal, Spain and Ireland present the most immediate problems, with all presumably needing "bail-outs" as funded by the other Euro countries, and that process may choke the rest of the EU countries in efforts to keep the entire union afloat.

The bail-out "cure" may prove to be worse than the "disease". As Mr Farage stated, the critical issue is "the future of democracy" and "the future of freedom". He added that the problems are "more serious than economics, because if you rob people of their identity, if you rob them of democracy, then all they are left with is nationalism and violence."

We know from biblical prophecy that the next step in the progression of the new Roman Empire will be into the "10 Kings" phase. We also know, as Mr Farage stated, unwittingly, that this progression will also include a complete lack of anything resembling democracy - and we know that people WILL be robbed of their identity and freedom.

The details can be found in Revelation, chapters 6-18. This is just the beginning.

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