‘ECB seen taking tentative step to prop up ailing euro zone’ and ‘Three Financial Firestorms Raging Right Now’


Deutsche Bank twin tower headquarters, Frankfurt, Germany (© Raimond Spekking)

COGwriter

Europe is seeing financial challenges:

ECB seen taking tentative step to prop up ailing euro zone

March 7, 2019 https://www.reuters.com/article/us-ecb-policy-factbox/ecb-seen-taking-tentative-step-to-prop-up-ailing-euro-zone-idUSKCN1QO0MF

7 March 2019

The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offered banks new rounds of multi-year loans in a bid to revive the currency area’s slowing economy, it said on Thursday. .The bolder-than-expected move showed ECB was having to revisit plans to dial back its unprecedented stimulus measures as a global trade war, Brexit uncertainty and simmering debt concerns in Italy take their toll on a fragile euro zone. …

In addition, the ECB launched a third Targeted Long-Term Refinancing Operation (TLTRO III) consisting of two-year loans partly aimed at helping banks roll over 720 billion euros in existing TLTRO and avoid a credit squeeze that could exacerbate the current economic slowdown. …

“While the ECB still has some ammunition left, its arsenal lacks ‘easy’, cost-free options,” BNP Paribas said in a note to clients earlier this week. – Reuters https://www.irishtimes.com/business/economy/ecb-pushes-out-first-post-crisis-rate-hike-to-2020-1.3817782

Deutsche Bank shrunk the size of the bonus pool to around 2 billion euros ($2.3 billion), Bloomberg said, which is between 10% to 15% less than it paid out last year. The precise figure will be disclosed on March 22 when the firm releases its annual report.

The beleaguered banking giant has also reportedly considered closing its equities trading business after losing as much as $750 million last year, according to the Wall Street Journal. 03/06/19 https://www.businessinsider.com/deutsche-bank-slashed-its-bonus-pool-2019-3

So, Europe is having banking and other financial problems

A few of days ago, Martin Weiss posted the following:

Martin Weiss: Three Financial Firestorms Raging Right Now

March 4, 2019

Anyone who thinks Brexit is the only big threat to Europe Union needs to wake up and smell the smoke. …

Firestorm No. 1: Turkey Facing Depression and Default

Turkey is not a member of the EU, but it’s a close partner via the EU-Turkey Customs Union and a big debtor to EU banks. An implosion of its economy will hit the EU hard, and that implosion is already under way.

Last year, the value of the Turkish lira plunged 45 percent in just eight months. …

Firestorm No. 2: Greece’s Bad Debts Ready to Blow up Again

The Greek debt crisis is no longer in the headlines. But that doesn’t mean Greece’s bad debts have magically disappeared. …

Firestorm No. 3: European Banks on the Brink

As I showed you last week, Germany’s largest bank — Deutsche Bank — is the canary in the coal mine of Europe. Nearly 12 years ago, on May 23, 2007, its share price reached a high of $150.52. Now, even after a minor rally, it’s trading at $9.29.

But it’s not alone.

This broad index of European banks has plunged to all-time lows. https://moneyandmarkets.com/eu-three-debt-firestorms-raging/

While the Bible shows that Europe will dominate the world economically for a time (see Revelation 17 and 18), the Bible also shows Europe, itself, will have ups and downs first (cf. Daniel 2:41-43).

As far as banking and Europe goes, the late Herbert W. Armstrong stated the following in a sermon on July 7, 1984:

And I can see now, the event that is going to trigger the formation of the reunification in Europe; the resurrection of the medieval Holy Roman Empire that we’ve been looking forward to that is prophesied to come…

But I believe that some event is going to happen suddenly just like out a blue sky that is going to shock the whole world and is going to cause the nations in Europe to realize they must unite! … Well now I think I can see what may be the very event that is going to trigger…that is the economic situation in the world

The whole banking structure in the United States is a network all jointed together. But not only that, one nation has to deal with other nations and imports and exports. And so they have to have a means of transforming money from one nation to another. And so the banking structure is international and interwoven…

Now when the financial structure breaks down, all civilization is going to break down…

It is quite likely that Europe will have a banking and/or other massive financial crisis with the next decade.

The ECB is seeing financial problems already.

Plus, there is the coming EU Parliament elections in May, yellow vest protests in France, anti-immigrant protests in Germany and Austria, plus dissent from Hungary and Poland.

What will happen because of a major crisis in Europe?

The one that will lead to the end?

The Bible shows that Europe will reorganize and turn power over to ten leaders who will then turn power over to a dictator:

12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast. (Revelation 17:12-13)

These ten kings have no kingdom, but are to attain one. Thus, this is a type of reorganization in verse 12. Since they give their power to the Beast in verse 13, this is a second reorganization. The “beast” is not shown to have much power prior to Revelation 17:12-13. This beast would seem to have Assyrian roots per Isaiah 10:5-11, and hence would likely be someone from Germany or Austria (see also Germany in Biblical and Catholic Prophecy). This turnover of power to him results in a dictatorship–likely similar to the one led by Adolf Hitler (see also European Unity to be like Hitler?).

Notice that Revelation 17:12-13 does NOT say that ten existing nations will give their power to the Beast, but that ten kings who had not had a kingdom will get power and transfer it (for more on this, check out the article Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations?).

The European Beast is also called the  King of the North in the Book of Daniel. Catholic writings seem to refer to him as the Antichrist or one they call The Great Monarch.

While Europe is NOT yet ready for that reorganization, we are seeing events that will lead to it.

We also continue to see steps showing that the Anglo-American dominated world order will come to an end (watch also End of the Anglo-American Order and/or The New World Order Is Leaving the US Behind).

Some items of possibly related interest may include:

Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.
Germany in Biblical Prophecy Does Assyria in the Bible equate to an end time power inhabiting the area of the old Roman Empire? What does prophecy say Germany will do and what does it say will happen to most of the German people? Here are links to two sermon videos Germany in Bible Prophecy and The Rise of the Germanic Beast Power of Prophecy.
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the former German Defense Minister (who is also the former German Minister for Economics and Technology) one to watch? What do Catholic, Byzantine, and biblical prophecies suggest? A video of related interest would be: Karl-Theodor zu Guttenberg and Europe’s Future.
Germany’s Assyrian Roots Throughout History Are the Germanic peoples descended from Asshur of the Bible? Have there been real Christians in Germanic history? What about the “Holy Roman Empire”? There is also a You-Tube video sermon on this titled Germany’s Biblical Origins.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?



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