The world’s leading economies pressed European leaders to act decisively to resolve the euro zone’s sovereign debt crisis by the next EU summit on Sunday, warning the bloc’s indecision was endangering the world economy.
In unusually direct language, finance ministers and central bankers of the Group of 20 major economies said on Saturday (15 October) they expected a European Union summit on 23 October to “decisively address the current challenges through a comprehensive plan”.
The summit communique urged the euro zone “to maximise the impact of the EFSF [bailout fund] in order to address contagion”. EU officials said the most likely option was to use the €440 billion fund to offer partial loss insurance to buyers of stressed member states’ bonds in a bid to stabilise the market.
Ideas to ramp up the euro zone’s rescue fund are now centering on making the fund more like an insurer so that it covers, for example, the first 20% of losses a bank could suffer on government bonds, thereby multiplying its firepower fivefold.
Trichet calls for EU treaty change
Meanwhile, European Central Bank President Jean-Claude Trichet joined calls to change the European Union’s treaty in order to strengthen the euro zone’s governance and prevent further crises in the future.
“In my view it is necessary to change the treaty to prevent one member state from straying and creating problems for all the others,” Trichet told Europe 1 radio on Sunday.
But he added that he expected existing governance rules would be applied much more rigorously in the future, even without a change in the treaty.
This whole economic crisis is planned and orchestrated perfectly with militaristic precession. The western powers are getting enslaved by the antichrist forces behind the scene. The Lord said the following:
Pro 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
Is this not what is happening? The USA and Europe are trying to fix their debt problems by creating more debt. They are being enslaved by a higher power. It will not be long before the EU countries and the USA will be so in debt that they will be slaves to the antichrist system. As the Bible focus on the Revived Roman Empire I will suggest that there will be three countries in the EU, part of the former WEU that will not willingly submit to the slavery of the new financial system and in some way they will be uprooted or subdued.
Someone said in a comment that the antichrist will come to power and take control through the financial system. We are starting to see this develop. This financial crisis is staged to bring in the rule of the antichrist. We have a retired suspect still clearly involved with much that is happening in the EU and the world. His retirement was a clever move to disappear from the radar. It freed him up so that he can be more involved without being noticed. Bro Brian reported yesterday about the behind the scene involvement of Javier Solana and George Soros with Obama who is following their lead to take over anyone who standing in the way of the new world order.
As I am writing this, I just received a twitter from JS saying:
“Kik the can down the street” policy is over. There is no more street.
Friends, what is developing around us are confirming the following Scripture:
Dan 11:21 And in his estate shall stand up a vile person, to whom they shall not give the honour of the kingdom: but he shall come in peaceably, and obtain the kingdom by flatteries.
Dan 11:22 And with the arms of a flood shall they be overflown from before him, and shall be broken; yea, also the prince of the covenant.
Dan 11:23 And after the league made with him he shall work deceitfully: for he shall come up, and shall become strong with a small people.
Dan 11:24 He shall enter peaceably even upon the fattest places of the province; and he shall do that which his fathers have not done, nor his fathers’ fathers; he shall scatter among them the prey, and spoil, and riches: yea, and he shall forecast his devices against the strong holds, even for a time
Dan 11:43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.
I suspect that the little horn, the antichrist will not get the power to continue for 42 months until the stage is set by him in secret and deceptive ways. And I believe the stage is currently being set.
Stay alert, stay tuned and God bless.
EDIT TO ADD:
I just want to share with you something that is weighing on my heart. Friends, I want to urge you all to seek the Lord as if the flames of hell is eating at your feet. Seek Him with all that is in you. Make Him your life. Beware of what you read and hear. Even if it sounds good, test the spirit behind the words. Be like the Bereans who did not even believe Paul and Silas, but who searched the Scriptures to make sure they are telling the truth.
Act 17:10 And the brethren immediately sent away Paul and Silas by night unto Berea: who coming thither went into the synagogue of the Jews.
Act 17:11 These were more noble than those in Thessalonica, in that they received the word with all readiness of mind, and searched the scriptures daily, whether those things were so.
Act 17:12 Therefore many of them believed; also of honourable women which were Greeks, and of men, not a few.
Do you see that? They received the word with readiness, BUT they also searched the Scriptures daily to find out for themselves if these things Paul are talking about is the truth. And THEREFORE many of them believed. Today we have a church culture who just believe anything they read or hear as long as it is written by a Christian. The Christians want to be spoon fed. They are to lazy to search the truth for themselves.
Search for yourself if the things you read are true. Do not even trust me. I am also flesh and can unknowingly say something wrong.
Pray for each other.