Already, cracks are appearing in the new European debt deal that is suppose to save Europe and the rest of the world from an economic collapse. It would seem that all they have done is push the collapse down the road by a few weeks or months. Also interesting how one of the columnists in his assessment of the economic deal, suggests that EuroZone must be consolidated. Just another sign that the final world empire, (the revived Roman Empire of bible prophecy), is near upon us.
This final empire is foretold in both the books of Daniel, (Daniel 2 & 7) and Revelation, (Revelation 17), whereas the collapse of the global economy is foretold in Revelation 18 with references in James 5 and Ezekiel 7.
They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 NIV
From the articles:
Have you heard the good news? Financial Armageddon has been averted. The economic collapse in Europe has been cancelled. Everything is going to be okay. Well, actually none of those statements is true, but news of the "debt deal" in Europe has set off a frenzy of irrational exuberance throughout the financial world anyway. Newspapers all over the globe are declaring that the financial crisis in Europe is over. Stock markets all over the world are soaring. The Dow was up nearly 3 percent today, and this recent surge is helping the S&P 500 to have its best month since 1974. Global financial markets are experiencing an explosion of optimism right now. Yes, European leaders have been able to kick the can down the road for a few months and a total Greek default is not going to happen right now. However, as you will see below, the core elements of this "debt deal" actually make a financial disaster in Europe even more likely in the future.
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Yet the responses of our politicians to recent financial troubles – hiding behind complexity and kicking the can down the road – have not only failed to temper the volatility, but have actually made it much worse. Last week's eurozone "agreement", for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe 's grotesque debt crisis even more acute, sowing further infectious spores of confusion.
The eurozone must be consolidated. World leaders should similarly force European banks to disclose their losses, we all take the hit and then we move on. Instead, we are served-up, in ever more complex variants, the same "extend and pretend" non-solutions. It gives me no pleasure to write this, but I give this deal two weeks.
Why the latest eurozone bail-out is destined to fail within weeks
http://www.telegraph.co.uk/finance/comment/liamhalligan/8857518/Why-the-latest-eurozone-bail-out-is-destined-to-fail-within-weeks.html
Eurocrisis relay baton – Portugal
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