ECB concerned about Trump policies and gold. EU elections–the ‘right’ gaining voters and ‘left’ in a ‘free fall’
Gold and Euro notes (Pixabay photo)
The European Central Bank has concerns about US trade policies and the price of gold:
ECB’s Escriva sees risks to global financial sector from U.S. trade policies
20 May 2025
MADRID (Reuters) -Geopolitical and trade tensions stemming from U.S. tariffs pose a risk to the stability of the global financial system and to global economic growth, European Central Bank policymaker Jose Luis Escriva warned on Tuesday.
U.S. President Donald Trump has repeatedly threatened an array of punitive measures against trading partners, only to revoke some of them at the last minute, baffling world leaders and spooking business executives. …
“All these factors have a decisive impact on the global growth outlook and pose risks to the stability of the international financial system,” Escriva, who also chairs the Bank of Spain, wrote in its annual report. https://finance.yahoo.com/news/ecbs-escriva-sees-risks-global-110801493.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAGlGdb6jQ4MSO0CHstUd044x9ElCtwXU4yfMmZS7p3GoXBvja4w4dwMRJwom6Q3HfwvSFuQdVxJuZjy0dGUl0BFziWDo8EzzL97rkO3D7saJuJvLeYZgy7FC0x3_F7qjHdvVzlezlw6cCv80sveqjlga96y1thrb-FjiDQI0JCrp
European Central Bank sounds alarm: Under geopolitical pressure, the gold market may threaten financial stability in Europe
The latest research from the European Central Bank shows that the structural vulnerabilities in the gold market, combined with geopolitical risks, could pose a significant threat to financial stability in the Eurozone.
Influenced by Trump’s global tariff policies, gold prices soared to a historic high of $3,500 per ounce last month. Although prices have since retreated, ECB economists believe that potential risks still exist.
Four economists from the European Central Bank, Maurizio Michael Habib, Oscar Schwartz Blicke, Emilio Siciliano, and Jonas Wendelborn, stated in a research report released on Monday, “Commodity markets are often dominated by a few large institutions, highly reliant on leverage, and exhibit high opacity due to the use of over-the-counter derivatives, all of which contribute to market vulnerabilities.”
Data shows that currently, the Eurozone’s exposure to gold derivatives has reached €1 trillion, a 58% increase since November 2024, with a large amount of over-the-counter trading and non-centralized clearing increasing systemic risk. 05/19/25 https://longportapp.com/en/news/240844727
ECB Sounds Alarm on Gold Surge – Fears Will Trigger Financial Collapse
When central bankers start warning about an asset, you know it’s doing something right. According to Frank Holmes, CEO and CIO of U.S. Global Investors, the European Central Bank’s sudden anxiety over gold isn’t about volatility or stability—it’s about control. “The ECB is afraid of gold as much as they are afraid of Bitcoin,” Holmes told Daniela Cambone in a recent interview. And it’s not hard to see why.
Both gold and Bitcoin operate outside the reach of unelected bureaucrats and their printing presses. They’re decentralized. Portable. Uncensorable. In other words, the stuff monetary technocrats have nightmares about. When institutions like the ECB issue dire warnings about assets like these, it’s not the asset that’s broken—it’s the system.
“They’re trying to paint the picture that gold is possibly broken,” Holmes explains. “But what it’s really showing… is that the financial system is broken, and gold’s just sounding that alarm.” https://www.zerohedge.com/news/2025-05-19/ecb-sounds-alarm-gold-surge-fears-will-trigger-financial-collapse
While the ECB is concerned about Donald Trump and the price of gold, ultimately, Europe will embrace gold for reasons of economic stability.
There will be many unintended consequences of Donald Trump’s statements and policies.
Notice something from my latest book available at Amazon Kindle: Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? as well as Amazon print :
The USA dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …
European leaders have been working for years to establish a new reserve currency for the world, partially with the intent to remove the USA dollar from its current position as a reserve currency. …
Daniel 11 … 43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; also the Libyans and Ethiopians* shall follow at his heels.
* Note: The Hebrew word is כשׁים kushı̂ym, meaning Cushites, like from Sudan, and is not specifically a reference to the land of Ethiopia.
The “he” is the King of the North. This is the same King of the North that valued gold and silver in Daniel 11:38. Although other scriptures also show that gold and silver will have value around this time (like Revelation 9:20; 18:12,16), the Bible is clear that gold and silver will be worthless for a short time before Jesus returns (e.g. Ezekiel 7:19).
The fact that the King of the North himself will accumulate gold (and some silver) is consistent with several Byzantine (“Greek” Orthodox) prophecies of their predicted Great Monarch:
Emperor Leo the Philosopher (died 912): You will amass gold … And you will be the leader of the surrounding nations …
Addressed to Emperor Manuel II, Palaeogous (died 1425): The Emperor … will discover gold and silver…
Saint Andrew Fool-for-Christ (c. 4th century): God will reveal to this king all the gold wherever it happen to lay concealed from view …[i]
One side note is that, in Egypt, major gold deposits were found in 2006 [ii] and the government announced increasing investment in gold mining in 2022. [iii] This is relevant as it does suggest that Egypt seemingly has enough gold that a foreign power could be interested in taking/using it as Bible prophecy teaches.
It may be of interest to note that back in the 1970s Europe was looking for a gold-backed currency.[iv] European central banks have, overall (there have been sales too by the European central banks), been accumulating gold since, and some in 2024 believe that the Europeans are still planning on having some type of gold-backing (or at least implied) of a European currency.[v]
Since many are now questioning the role of the USA dollar as the world’s reserve currency, more are looking into other currencies as well as gold.
Gold will set records in U.S. dollar terms.
In 2017, I also published that last statement in my book related to Donald Trump, and it did hit records in July and August in 2020. [vi] Now, despite having ups and downs, as well as records hit in 2024, gold will set further records in U.S. dollar terms in the relatively near future.
It has been asserted that:
The only replacement for fiat {currency} is a currency credibly backed by gold.[vii]
Although the above can be debated, the reality is after the elimination of the USA and the crash of its dollar, the world will want something more stable than unbacked currency. Thus, it is likely that some type of gold-backed currency will emerge as the preferred reserve currency in the world.
It has long been reported that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance.”[viii] Various steps were also taken in 2022 and 2024.[ix]
When the U.S. dollar totally collapses people all around the world will consider that even if the euro (or something similar) is strong, having a more gold-backed currency would be safer.
The collapse of the USA dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar or various other currencies.
Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.
[i] Tzima Otto, pp. 76, 102, 114
[ii] A Gold Mine Worth LE 23 Billion (and counting). Egypt Today, August, 2006
[iii] Hosny H. Egypt to invest in gold, mineral mining. Al-Monitor, June 13, 2022
[iv] Nieuwenhuijs J. Europe Has Been Preparing A Global Gold Standard Since The 1970s. SeekingAlpha.com, July 16, 2020
[v] Nieuwenhuijs J. Europe Is Finalizing Preparations for a Gold Standard. ActivistPost.com, November 9, 2024
[vi] Gold hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020
[vii] MacLeod A. Designing a new currency is impractical. Goldmoney Insights, March 24, 2022
[viii] Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016
[ix] Guistra F. Why the U.S. dollar will be replaced as the dominant global currency — sooner than you think. Toronto Star, July 5, 2022; Bezek I, Duggan W. De-Dollarization: What Would Happen if the Dollar Lost Reserve Currency Status? US News & World Report, November 2024
Since the above came out in mid-January 2025, gold has hit record prices in US dollar terms many times.
Now the ECB officials in the news items referred to at the beginning of this post expressed concerns about a major banking crisis. Various crises will end up pushing Europe further towards gold as well as one day reorganizing as prophesied (cf. Revelation 17:12-13).
As far as Europe facing a systemic banking crisis, notice something the late Pastor General of the old Worldwide Church of God, Herbert W. Armstrong, said 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…
So, an economic or banking crisis is what Herbert W. Armstrong concluded would drive Europe to unite.
And, I agree that it will take some type of crisis, or more accurately a combination of crises, for Europe to reorganize.
There were elections in three European nations earlier this week. Here are two reports about that:
EU elections Super Sunday shows centre-left parties remain in freefall
20 May 2025
Experts told Euronews that centre-left parties are losing connection to voters across the continent in a period of time when social issues are pressing.
European leaders have been quick to congratulate centrist Nicusor Dan on Sunday’s dramatic victory in Romania’s presidential election over his hard-right rival George Simion.
Dan won 53.6% of the vote, ahead of Simion, who during the campaign portrayed his movement as championing nationalist values and conservative policies similar to those of US President Donald Trump. …
Jean-Michel De Waele, a political scientist at the ULB University in Brussels, told Euronews that only time will tell if this proves a setback for European nationalists, but stressed that leaders cannot ignore the anger of the anti-establishment voters.
“There are many problems to be solved. And the citizens of the European Union in this part (of Europe) are not convinced by the EU,” he said.
“After all, 46% of Romanian citizens voted for Simion. So the EU can rejoice, but it must not forget and must not say: ‘We understood the message, we will change the communication. Business as usual’.” …
In Poland, pro-European candidate Rafał Trzaskowski won the first round, ahead of conservative Karol Nawrocki. The pair will face each other in a runoff on 1 June.
In Portugal, the ruling centre-right AD alliance won snap parliamentary elections yet fell short of a majority, while the far-right Chega made record gains. Meanwhile, the left-leaning PS lost 20 seats in parliament, resulting in the resignation of party leader Pedro Nuno Santo.
The traditional left-wing parties were in free fall in all three elections. …
De Waele believes that the crisis of leadership is one cause of the turn many voters towards action-oriented leaders.
“I think citizens are demanding concrete policies, and governments are taking strong positions. That’s also why … Trump is so successful. He’s this kind of very virile, very strong populist leader.” https://www.euronews.com/my-europe/2025/05/20/eu-elections-super-sunday-shows-centre-left-parties-remain-in-freefall
Romania, Poland, Portugal election results: Who are the winners and losers?
Pro-EU forces prevail on electoral ‘super Sunday’, but far right gains ground.
Millions of voters across three European countries cast their ballots in an electoral “super Sunday” over the weekend amid fears of far-right gains, particularly in Romania and Poland. However, the centrists held their ground in the two European Union and NATO member nations bordering war-torn Ukraine, providing a boost to the West.
Portugal’s centre-right governing party also secured a parliamentary win, but the far right made record gains. … while the centre is holding for now, far-right populist forces continue to grow in all three countries, the latest in a string of far-right surges in Europe.
Last summer, EU elections witnessed a clear turn to the right in the European Parliament, shaking up governments across the 27-member bloc and leaving mainstream political parties at a crossroads. Despite “super Sunday” results, eurosceptic parties continue to garner support. …
Romania’s presidential election concluded with a clear victory for centrist candidate Nicusor Dan, who secured 54 percent of the vote against nationalist rival George Simion’s 46 percent. …
Coming on the heels of the annulment of a previous vote in December, due to alleged Russian interference, the stakes of Sunday’s election were very high.
Many saw the contest as a referendum on Romania’s future political direction and its role within the EU and NATO. https://www.aljazeera.com/news/2025/5/19/romania-poland-portugal-election-results-who-are-the-winners-and-losers
The increases in ‘right-wing’ supporting voters shows that a shift is going on in Europe. Part of that is because of the ‘Trump effect.’
Europe will shift so much that its government will change massively from what we have seen.
The Bible shows that a major reorganization is prophesied to happen and push Europe under totalitarian control:
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)
Economic issues, migrant matters, and citizens moving more to ‘the right’ look to be factors that will get Europe to decide to reorganize and support a dictator that the Bible calls the Beast.
Biblical prophecies will come to pass.
Things will NOT continue as they have been.
Do NOT place your confidence in the US dollar, democracy, the Euro, silver, or gold, but “seek first the Kingdom of God” (Matthew 6:33).
Some items of possibly related interest may include:
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What About Silver? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
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 are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European? Here is a link to a related sermon in the Spanish language: El Fin de la Babilonia Europea.
The European Union and the Seven Kings of Revelation 17 Could the European Union be the sixth king that now is, but is not? Here is a link to the related sermon video: European Union & 7 Kings of Revelation 17:10.
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. Here is a link to a related sermon in the Spanish language: ¿Deben los Diez Reyes gobernar sobre diez naciones? A related sermon in the English language is titled: Ten Kings of Revelation and the Great Tribulation.
Should a Christian Vote? This article gives some of the Biblical rationale on this subject. Would Jesus vote for president/prime minister? Is voting in the Bible? This is a subject Christians need to understand. A video of related interest is available titled: Should Christians Vote?
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. It is available in over 1,500 languages at ccog.org. Here are links to four kingdom-related sermons: The Fantastic Gospel of the Kingdom of God!, The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen. The link takes you to a book available at Amazon.com.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Kindle 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 Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?
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