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

[James1:12]

Hi Ready1, I try to post the interesting stuff from the Telegraphs constantly updating coverage, after each day the feed gets archived so the original link no longer works.

[James1:12]

10.56 Barclays has claimed that skyscrapers have an "unhealthy" link with impending financial collapse.

Researchers pointed to the fact the world's first skyscraper, New York's Equitable Life building, was finished in 1873 during a five-year recession, while the Empire State Building coincided with the Great Depression

Not good news for the ECB, which is building its own high-rise structure.


Could there be a worse portent than this?



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

http://www.dailymail.co.uk/news/article ... perts.html

Skyscrapers have an 'unhealthy' link with impending financial collapse, according to banking experts.
The news may bring fresh fears to Britain, where the tallest building in Western Europe - The Shard - is near completion in London.
Researchers pointed to the fact the world's first skyscraper, New York's Equitable Life building, was finished in 1873 during a five-year recession, while the Empire State Building coincided with the Great Depression.


Read more: http://www.dailymail.co.uk/news/article ... z1j9biUxNd

[momof3boys]

Yeah, I read that this morning. This 'problem' goes back further than mentioned in the article, at least back to the skyscraper/tower of Babylon...

[James1:12]

Merkel: Transfer more powers to EU, not more money to bail-out fund

http://euobserver.com/19/115022

BRUSSELS - German Chancellor Angela Merkel has said transferring more powers to EU institutions rather than increasing the size of the eurozone's future bail-out fund is the way to overcome the euro crisis

"It's not even Merkozy anymore, it's just Merkel now," one senior EU diplomat noted, in reference to the Franco-German tandem named after Nicolas Sarkozy and Angela Merkel

Uk and France down now Merkel is preparing for more EU....

[James1:12]

Portugal is looking very shaky these days....

07.45 The Portuguese PM Pedro Passos Coelho has said he sees no risk of haircuts for bondholders, as the yield on 10-year debt hits 18.26pc.

The yield skyrocketed yesterday.

[James1:12]

http://euobserver.com/19/115083

Greece seeks bail-out deal 'this week' to avert catastrophe
Today @ 09:31

BRUSSELS - Greece is seeking a deal with private lenders and the EU "by the end of the week" its prime minister said Tuesday (31 January), as Athens races to avoid a financial meltdown ahead of debt repayments due in March

[Douggg]

http://euobserver.com/19/115083

Greece seeks bail-out deal 'this week' to avert catastrophe
Today @ 09:31

BRUSSELS - Greece is seeking a deal with private lenders and the EU "by the end of the week" its prime minister said Tuesday (31 January), as Athens races to avoid a financial meltdown ahead of debt repayments due in March

Athens "managed to recovered 50 percent of its lost competitiveness compared to the period 2000-2009. But we know this is not enough and we should take more steps to improve our competitiveness, boost growth and stabilise unemployment, particularly among young people - where it's over 40 percent," Papademos said.

40 per cent unemployment among young people is a big time problem. And the Greeks are trying to reduce their debt to 120% GDP. GDP is the income for the country. If the country taxed everyone's income 10% just for the debt - that would take 12 years to pay off... if they did not borrow another dime to operate the government. The problem is that it takes money to run the government - which has to come from revenues (which revenues for the Greeks was borrow money), i.e. taxes, and the Greek people are suffering from no income, 40 per cent unemployment for young people in Athens for example, to be able to pay taxes.

Something is going to happen to the EU, which is going to affect the rest of world, and soon imo.

Doug

[James1:12]

Something is going to happen to the EU, which is going to affect the rest of world, and soon imo.

Doug

Agreed Doug, and all the chatter about an inevitable Greek default adds to the likelihood of an econonomic dominoe effect.

11.56 Deutsche Bank chief executive Josef Ackermann believes that Greek aid is now less dependent on banks but on "others", adding that the present net haircut on Greece is 70pc or more. But he warns that if the country fell then Portugal could be next.

12.00 The head of the Eurogroup, Jean-Claude Juncker (below), believes the measures from the January 30 EU summit are "largely insufficient", and the Greek PSI talks are "ultra-difficult". Euro hits session low versus the dollar of $1.3103.

I also noted in a nother news story that apparently California is almost broke, anyone else hear this?

[James1:12]

12.55 Czech Prime Minister Petr Necas, who recently nixed his country's membership in the EU's new budgetary discipline pact, has said the eurozone needed a federal fiscal union in order to survive.


The eurozone has no choice now: either it will melt down - something which nobody wants - or it will move towards a federal fiscal body.

Necas called the new pact on budgetary discipline, which all EU states save the Czech Republic and Great Britain intend to join, a "fundamental step in this direction".

States are renouncing their right to a free vote in the EU on important topics concerning the budget, and they are giving up a part of their sovereignty.

It's happening gradually (our time) but rapidly in historical terms.

[James1:12]

11.05 The eurozone's powerhouse is ailing. German industrial output fell 2.9pc month-on-month in December, representing the biggest fall since January 2009.

Analysts surveyed by Bloomberg expected the figure to come in flat.

[James1:12]

On Greece now:

12.31 Greek newspaper Kathimerini reports that agreement has been reached on around €2.5bn of a total of €3.3bn of spending cuts demanded by the troika. As part of this:

• €1.1bn will come from health cuts.

• Local government subsidies and defence spending will each be cut by €300m.

• Greece's minimum wage (which is paid to around 300,000 workers) will be cut by between 20 and 22pc to €750 per month. However, plans to scrap Greece's 13th and 14th "bonus" monthly salaries will be dropped.

• 15,000 jobs will be cut from the civil service by the end of the year. A total of 150,000 public sector jobs will be cut by 2015.

A recipe for success? Sounds like the Troika are driving Greece to default? Is that the plan?

[Douggg]

12.55 Czech Prime Minister Petr Necas, who recently nixed his country's membership in the EU's new budgetary discipline pact, has said the eurozone needed a federal fiscal union in order to survive.


The eurozone has no choice now: either it will melt down - something which nobody wants - or it will move towards a federal fiscal body.

Necas called the new pact on budgetary discipline, which all EU states save the Czech Republic and Great Britain intend to join, a "fundamental step in this direction".

States are renouncing their right to a free vote in the EU on important topics concerning the budget, and they are giving up a part of their sovereignty.

It's happening gradually (our time) but rapidly in historical terms.

Hi James, good observation.

Doug

[James1:12]

13.54 Ambrose Evans-Pritchard, our international business editor, offers his view on a euro break-up plan drafted by French economists:

A few extracts, loosely translated: "The obstinate determination of governments to take us by forced march deeper into the euro impasse can only lead to the general aggravation of the economic situation in Europe."

"Even though our American and Chinese competitors have an interest in the survival of the single currency, the euro is condemned to an uncontrollable explosion sooner or late". (A nice twist that one, inverting the false and widely believed conspiracy theory that the US is trying to destroy the euro.)

"National currencies should be recreated in each eurozone country". There will be a short transition period of dual notes as old euros are stamped by country ('U' for France) until new francs etc are printed. (This is what happened when the Austro-Hungarian monetary union fell apart in 1919.)

Or is the wound healed some other way?

[Douggg]

13.54 Ambrose Evans-Pritchard, our international business editor, offers his view on a euro break-up plan drafted by French economists:

A few extracts, loosely translated: "The obstinate determination of governments to take us by forced march deeper into the euro impasse can only lead to the general aggravation of the economic situation in Europe."

"Even though our American and Chinese competitors have an interest in the survival of the single currency, the euro is condemned to an uncontrollable explosion sooner or late". (A nice twist that one, inverting the false and widely believed conspiracy theory that the US is trying to destroy the euro.)

"National currencies should be recreated in each eurozone country". There will be a short transition period of dual notes as old euros are stamped by country ('U' for France) until new francs etc are printed. (This is what happened when the Austro-Hungarian monetary union fell apart in 1919.)

Or is the wound healed some other way?

Hi James, the wounded head (of Revelation 13) applies to the person we commonly refer to as the Antichrist who is killed in his man of sin stage.

This is pretty easy to understand, when one realizes that the Antichrist person goes through 4 basic stages of his career just like John Kennedy did to become president of the United States. J F K did not begin as president. He went through the PT109 stage, then the senator stage, then the president stage.

The bible outlines the 4 stages of the Antichrist's career. It actually doesn't say outline. We have to recognize it. Here they are, in order.

1. Little horn (Euro politician)
2. Antichrist false king messiah of Israel
3. Man of sin
4. Antichrist beast false eternal life messiah

The reason why the developments in Europe are so important is that the Antichrist in his first stage emerges as a Euro politician (the little horn of Daniel 7 and 8) among ten Euro former Roman Empire countries.

That has to happen before Gog/Magog, which we are also seeing signs of developing, along with the Psalms 83 war. The reason being is that the little horn comes to power, and not long after, the Gog/Magog invasion takes place. The little horns assembles a EU reaction force, moblizing them in the eastern most part of the EU, to come to the Israeli's aid. But before he arrives, God will have destroyed Gog/Magog supernaturally.

The Jews will see this as confirmation that the little horn is their messiah, the Antichrist false king messiah stage, and that they have entered the messianic age of peace. Of course, the European ten are going to go along with it because it means with their man as Israel's messiah and the muslim armies annihilated and what's left of the Russians high tailing it to Siberia, the Europeans will take control of the middle east oil.

Things go well for about 3 years, 3 months, the Jews and the rest world will be saying Peace, Peace. When out of nowhere, the Antichrist false king messiah will go into the temple and declares that he is God. Apparently, he makes a deal with the devil, who enters him to do the deed. For that reason like Judas, he is called the Son of Perdition, in 2thessaonians2:3.

The man of sin, son of perdition stage won't last long because in Ezekiel 28 first part, Prince of Tyre, God will have him
killed. The wounded head in Revelation 13. Then God in his disdain for him, because he will be a Jew who sells out his own people and land, kicks him out of the grave, Isaiah 14.

It is at that point, the Antichrist enters his final stage which will be the Antichrist beast stage. In this stage, the come back alive man of sin is incarnated possessed by the spirit of some long ago dead person ascending out of the bottomless pit. Nimrod, imo. It could be someone else. Possessed by this spirit, the Antichrist becomes the fanatical enemy against God and all who oppose him, for the last 42 months before Jesus returns. It appears that the Antichrist beast and false prophet will offer a false eternal life to all who will worship him. His proof will be that he overcame death.

Anyway, it is really easy to understand the end times events once a person sees these four stages of the Antichrist's career.

The EU plays an important role because it is home to those ten kings. And the EU is the fourth beast of Daniel 7 of the end times, which in Revelation 13, under the Antichrist's leadership will have gained control of the lands of the other 3 former empires signified by the 3 beasts making up its body. Basically, all of the oil rich states in the middle east.

Doug

[James1:12]

Interesting post Doug,

The AC being resurrected from a head wound has always caused me trouble though. It seems as though this section of Revelations is talking about both then beast empire and the AC, but the AC is the mouth given to the beast just as the horn was given a mouth in Daniel.

The Beast from the Sea
1 And the dragon stood on the sand of the [a]seashore.
Then I saw a beast coming up out of the sea, having ten horns and seven heads, and on his horns were ten diadems, and on his heads were blasphemous names. 2 And the beast which I saw was like a leopard, and his feet were like those of a bear, and his mouth like the mouth of a lion. And the dragon gave him his power and his throne and great authority. 3 I saw one of his heads as if it had been [b]slain, and his fatal wound was healed. And the whole earth was amazed and followed after the beast; 4 they worshiped the dragon because he gave his authority to the beast; and they worshiped the beast, saying, “Who is like the beast, and who is able to wage war with him?” 5 There was given to him a mouth speaking [c]arrogant words and blasphemies, and authority to act for forty-two months was given to him. 6 And he opened his mouth in blasphemies against God, to blaspheme His name and His tabernacle, that is, those who [d]dwell in heaven

[James1:12]

15.39 Ambrose Evans-Pritchard, our international business editor, has posted a blog on Spain's refusal to comply with EU austerity demands. The Spanish rebellion has begun, he writes, and sooner and more dramatically than expected:

As many readers will already have seen, Premier Mariano Rajoy has refused point blank to comply with the austerity demands of the European Commission and the European Council (hijacked by Merkozy).

Taking what he called a "sovereign decision", he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).

In the twenty years or so that I have been following EU affairs closely, I cannot remember such a bold and open act of defiance by any state. Usually such matters are fudged. Countries stretch the line, but do not actually cross it.

With condign symbolism, Mr Rajoy dropped his bombshell in Brussels after the EU summit, without first notifying the commission or fellow EU leaders. Indeed, he seemed to relish the fact that he was tearing up the rule book and disavowing the whole EU machinery of budgetary control.

[James1:12]

Is Germany now being uprooted by Spain, ending the UK/Frace/Germany leadership of the EU?

07.16 This is how Ambrose Evans-Pritchard viewed the move by Spain in his blog Spain's sovereign thunderclap and the end of Merkel's Europe:

The Spanish rebellion has begun, sooner and more dramatically than I expected ... Taking what he [Rajoy] called a "sovereign decision", he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).

In the twenty years or so that I have been following EU affairs closely, I cannot remember such a bold and open act of defiance by any state. Usually such matters are fudged. Countries stretch the line, but do not actually cross it.

With condign symbolism, Mr Rajoy dropped his bombshell in Brussels after the EU summit, without first notifying the commission or fellow EU leaders. Indeed, he seemed to relish the fact that he was tearing up the rule book and disavowing the whole EU machinery of budgetary control.

He is surely right to seize the initiative. Spain’s economy will contract by 1.7pc this year under his modified plans and unemployment will reach 24pc (or 29pc under the 1990s method of counting). To compound this with manic fiscal tightening – and no offsetting devaluation – is intellectually indefensible.

07.04 Spain also is showing its frustration at the new EU fiscal pact - with the ink barely dry on the treaty. The European Commission warned that Spain risks being fined under new fiscal rules for a "grave" breach of budget limits.

Prime Minister Mariano Rajoy has increased the country's deficit target to 5.8pc in 2012, from its original 4.4pc goal. A relapse into recession pushed Spain's budget deficit to 8.5pc last year, far above the 6pc target.

Under the new fiscal pact signed on Friday, which will allow tougher Brussels scrutiny of budgets, the European Court of Justice will have the power to fine countries up to 0.1pc of GDP if they fail to stick to the new rules.

07.01 The Netherland is beginning to show signs of increasing frustration at the their loss of sovereinity as the euro debt crisis escalates. The Dutch Freedom Party has called for a return to the Guilder, becoming the first political movement in the eurozone with a large popular base to opt for withdrawal from the single currency.

[Douggg]

Is Germany now being uprooted by Spain, ending the UK/Frace/Germany leadership of the EU?

07.16 This is how Ambrose Evans-Pritchard viewed the move by Spain in his blog Spain's sovereign thunderclap and the end of Merkel's Europe:

The Spanish rebellion has begun, sooner and more dramatically than I expected ... Taking what he [Rajoy] called a "sovereign decision", he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).

In the twenty years or so that I have been following EU affairs closely, I cannot remember such a bold and open act of defiance by any state. Usually such matters are fudged. Countries stretch the line, but do not actually cross it.

With condign symbolism, Mr Rajoy dropped his bombshell in Brussels after the EU summit, without first notifying the commission or fellow EU leaders. Indeed, he seemed to relish the fact that he was tearing up the rule book and disavowing the whole EU machinery of budgetary control.

He is surely right to seize the initiative. Spain’s economy will contract by 1.7pc this year under his modified plans and unemployment will reach 24pc (or 29pc under the 1990s method of counting). To compound this with manic fiscal tightening – and no offsetting devaluation – is intellectually indefensible.

07.04 Spain also is showing its frustration at the new EU fiscal pact - with the ink barely dry on the treaty. The European Commission warned that Spain risks being fined under new fiscal rules for a "grave" breach of budget limits.

Prime Minister Mariano Rajoy has increased the country's deficit target to 5.8pc in 2012, from its original 4.4pc goal. A relapse into recession pushed Spain's budget deficit to 8.5pc last year, far above the 6pc target.

Under the new fiscal pact signed on Friday, which will allow tougher Brussels scrutiny of budgets, the European Court of Justice will have the power to fine countries up to 0.1pc of GDP if they fail to stick to the new rules.

07.01 The Netherland is beginning to show signs of increasing frustration at the their loss of sovereinity as the euro debt crisis escalates. The Dutch Freedom Party has called for a return to the Guilder, becoming the first political movement in the eurozone with a large popular base to opt for withdrawal from the single currency.

Hi James, when the little horn comes to power, expansion of this penalty may become his authorization to remove the three kings (leaders) of three other EU countries.

Doug