European Sovereign Debt: Crisis That Isn't Going Away

The European debt crisis isn't going away anytime soon.  In fact some observers are naturally concerned that if the dominoes continue to topple, it will take down America and Japan as well.  This is all prophesied to happen, and is necessary for the implementation of the one world global economic system of the Antichrist. While there will still be independent nations under the rule of the Antichrist, the economic sovereignty of those nations will have been surrendered to a global authority.  Much like what is presently happening in Europe with their debt problems.  It has already been suggested in Europe that a new Super-State is required to take control of the European economy as a whole, with each nation giving up their economic independence to that new entity.

Now listen, you rich people, weep and wail because of the misery that is coming on you.  Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV

From the articles:

Europe’s sovereign debt crisis is back — if it ever went away. Less than a month after bailing out Ireland, and after a holiday lull in the markets that may have looked mistakenly like calming, the European Union is again struggling to persuade investors that it has the cash and the will to address the root cause of its travails: a growing debt burden that is strangling governments and their banks.

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Germany and France want to press Portugal to seek a bailout in order to stop Spain and Belgium becoming the next euro crisis casualties, German weekly Spiegel reported Sunday. Paris and Berlin also want members of the 17-country eurozone to state that they are ready to do whatever it takes to save the currency union, including expanding a 750-billion-euro (970-billion-dollar) rescue fund, Spiegel said citing sources in Berlin.
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Worries about the risk of a sovereign state defaulting on its debt, which thrust the eurozone into crisis, will soon encompass the two major economies as well, according to Citigroup economists led by Mr Buiter, who sat on the Bank's Monetary Policy Committee.

European Sovereign Debt: Crisis That Isn't Going Away

http://www.cnbc.com//id/40977893

Germany, France 'push Portugal to seek bailout'

http://www.france24.com/en/20110109-germany-france-push-portugal-seek-bailout

Debt default fears will spread to US and Japan

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8246757/Debt-default-fears-will-spread-to-US-and-Japan-warns-Citigroups-Willem-Buiter.html