Italy’s finances are a threat to the European Union
Italy population density map ( )
Italy’s finances are an issue:
Italy is in serious trouble financially. This is virtually common knowledge at this point. What isn’t common knowledge is its Euroskeptic government led by Lega’s Matteo Salvini and Five Star Movement’s Luigi Di Maio are preparing an assault on the foundation of the European Union itself to save Italy.
And that assault comes with the most innocuous name. Mini-BOT. Mini-BOTs were originally the idea of former Greek Finance Minister Yanis Varoufakis to assist Greece get out of the stranglehold placed on it by the euro.
What is a mini-BOT? It is a small denomination (mini) Bill of Treasury (BOT) that can be issued by, in this case, the Italian government to act as a domestic currency for settling government debts, paying taxes, etc.
It would be a parallel currency which could circulate freely domestically at a discount to the euro which would work as a medium of exchange to reflect the reality of the Italian economy better than the euro does. …
Doing this bypasses the euro completely and these will trade at a discount to the euro, thereby setting a proper exchange rate for Italy’s economy relative to Europe’s as a whole and increasing money velocity.
This is what Salvini and Di Maio are in favor of and what they will likely introduce soon.
And it is imperative that you understand what this means for the European Union. It is an existential threat to the current Germany-dominated political order. https://www.strategic-culture.org/news/2019/06/25/europe-wont-admit-the-mini-bots-are-coming/
Others have also indicated that the situation with Italy could break up the Eurozone (see MishTalk: ‘Italy Will Break Up the Eurozone’).
Last year, there were also concerns that Italy’s vote last year could result in an existential threat to the Eurozone. Notice:
Italy election brings back ‘existential threat to eurozone’
March 5, 2018
Italy’s general election over the weekend showed a surprisingly strong result for the populist, euroskeptic parties, sparking fears the eurozone’s third-largest economy will be stuck with months of political instability.
Preliminary results from Sunday’s vote indicated around half of the voters cast their ballot in favor of anti-establishment parties 5 Star Movement and Lega Nord, or Northern League while the mainstream parties suffered a drop in support. The vote points to a hung parliament and political gridlock that could leave Italy in a limbo for months as the parties wrangle over possible coalitions.
The inconclusive result sent Italian stocks sharply lower on Monday, with the FTSE MIB Index I945, -1.07% down 1.3%. Italian 10-year yields TMBMKIT-10Y, +2.87% rose 7 basis points to 2.097%, in a sign investors are dumping the country’s assets. The euro EURUSD, +0.0568% initially headed lower, but trimmed losses during the European morning session.
Analysts braced for tough negotiations ahead and warned the messy result could soon lead to new elections. …
• “After 2017 ultimately proved benign for eurozone political risk, the unexpected strong performance of the 5 Star Movement (M5S) brings these threats very much back to the forefront. Though M5S officials have toned down anti-euro rhetoric in recent months, the euroscepticism within the bloc could ultimately re-introduce the existential threat to eurozone stability long thought diminished. Forming a government has many challenges, but this result could dent the strong consensus support the euro currently enjoys. Italian bond spreads also have scope to widen modestly from current levels.” — Timothy Graf, head of macro strategy for EMEA at State Street Global Markets …
• “The big take away from these elections has been the extent to which the Italians have fallen out of love with the EU, voting in favour of far right and anti-establishment parties. Sweeping gains by anti-establishment, euroskeptic parties, such as the 5 Star Movement and the Lega Nord highlight the discontent felt by Italians over high levels of immigration and unemployment in Europe’s third-largest economy.
All the more surprising given that Italy is one of the founding members of the EU and has traditionally been one of its strongest supporters. A period of intense negotiations is set to begin late March/ early April in an attempt to form a government. The messy election outcome ensures a cloud of uncertainty will hover over Italy for the immediate future.” — Jasper Lawler, head of research at London Capital Group
• “We expect the formation of a wide and heterogeneous coalition that could include anti-system parties. We do not expect such a coalition to deliver meaningful structural reforms, and depending on its composition, we see the risk that previous reforms could be unraveled. Over the medium term, we remain of the view that the next legislature will be characterized by political instability that could culminate in government crisis and or snap elections.”— Barclays analysts https://www.marketwatch.com/story/italy-election-brings-back-existential-threat-to-eurozone-analyst-react-to-sundays-vote-2018-03-05#false
So, Italy, considered a strong supporter of European unity, has sent out a message that it has concerns.
There is lack of unity in many parts of Europe.
So will the dream of a united Europe die?
No.
The Bible shows that problems with unity in Europe were expected:
41 Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. 42 And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. 43 As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay. (Daniel 2:41-43)
Therefore, the Bible shows that despite disunity, there will be a European kingdom that will rise up. And Italy will be part of it.
Europe is likely to reorganize at least partially because of a financial crisis. Notice the following from a sermon from the late Pastor General of the old Worldwide Church of God, Herbert W. Armstrong, given 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. Italy is having a financial crisis.
Europe and its structure will change.
The Bible shows that a European leader will arise with a relatively few supporters:
23 And after the league is made with him he shall act deceitfully, for he shall come up and become strong with a small number of people. 24 He shall enter peaceably, even into the richest places of the province; and he shall do what his fathers have not done, nor his forefathers: he shall disperse among them the plunder, spoil, and riches; and he shall devise his plans against the strongholds, but only for a time. (Daniel 11:23-24)
Consider that Adolf Hitler had relatively few supporters before he rose up.
The Bible shows that Europe will reorganize and will essentially lose democracy:
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)
Some COG groups, like PCG and LCG, changed the historic COG understanding of this and have sometimes insisted that the ‘ten kings’ refers to 10 currently existing nations (LCG has said 10 or 11). Yet, I have long contended that this is a reference to Europe reorganizing (more details are in my article Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations?).
Consider also that the Bible foretells the rise of a militaristic power in Europe (Revelation 13:1-4), that will have a “great army” (Revelation 11:25), and that it will take over the strongest military in the world (Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses) as well as a coalition of nations in North Africa and the Middle East (Daniel 11:40-43; see also Is the Future King of the South Rising Up?).
While Europe is NOT yet ready to cut ties with the USA, that is the goal. It also has a military plan called PESCO that it expects will give it military power. Enough so, that one day it will takeover the USA peer Daniel 11:39.
But Europe will have ups and downs first.
Currently, a financial crisis is brewing in the EU and Italy is part of it (and of course, there is Greece, Spain, Brexit, etc.).
Yet, despite unity and other problems, the Bible shows that Europe will unite for a time.
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.
Jesus Returning, David’s Throne, and the Stone of Destiny Will Jesus return to the throne of David? What about the Stone of Scone? Here is a link to a related video: Stone of Destiny and Jesus’ Return.
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.
The Large Hadron Collider has Military Potential Some say this European project is only peaceful. So why is it working on capturing antimatter? Here is a link to a related video: Could the Large Hadron Collider lead to destruction?
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.
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?
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
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.
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 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?
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. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
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.
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 is a version of the article in the Spanish language: Alemania en la profecía bíblic. Here are links to two English language sermon videos Germany in Bible Prophecy and The Rise of the Germanic Beast Power of Prophecy.
Post Brexit Prophecy On June 23, 2016, the voters of the United Kingdom of Great Britain and Northern Ireland (UK) chose to leave the European Union. Now with this BRitish EXIT (Brexit) vote, what is prophesied to happen to the UK? Will the UK do well or be taken over and made slaves? Dr. Thiel explains from biblical prophecies what is ahead for the UK, Europe, and even the USA, Canada, Australia, and New Zealand.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2027 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2019, 2020, or 2021? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter and newer video is: Might the Great Tribulation start in 2019?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Tweet |
|