M&M claims European financial crisis will worsen and US dollar will soar

Larry Edelson of Money and Markets believes that Europe’s financial crisis is not over, but will worsen:

Europe’s Crisis Over? Hogwash!

August 19, 2015

Almost everyone I talk to thinks the European sovereign-debt crisis has passed. They say Greece’s bailout fixed the problem. Europe is on the mend, they say.

But as far as I’m concerned, nothing could be further from the truth.

First, severe austerity measures continue to this day and they are causing debt-to-GDP ratios to worsen. …

Second, austerity and climbing debt levels are hollowing out Europe’s economic growth. …

Third, some of the worst unemployment we’ve seen in modern times. …

In short, nothing, and I mean nothing, has been solved in Europe. The crisis will soon escalate with a vengeance.

When (not if) Europe’s economy roils again:

First, you’re going to see trillions more euros stampede for the exits. That’s going to send several large European financial institutions down the tubes.

Second, that flood of capital is going to send the U.S. dollar again into rally mode. Just like it did in the early 1930s when Europe last went bankrupt. http://www.moneyandmarkets.com/europes-crisis-hogwash-72877#.VdSGA_Tw82E

Larry Edelson is correct that all the financial problems in Europe have not been solved. Larry Edelson is correct that Europe has debt. Larry Edelson is correct that Europe has high unemployment. Larry Edelson is correct that there are likely to be problems with European financial institutions. Larry Edelson is correct that the US dollar tends to benefit when Europe has problems.

But is that the end game?

No. Europe will arise and be the top financial force in the world for several years (cf. Revelation 13; Daniel 7:25).

In a sermon on July 7, 1984, the late Herbert W. Armstrong stated:

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…

Despite grumblings from some modern observers, Europe is actually more and more uniting because of the economic crisis. More proposals for increased supranational sovereignty have been proposed. More steps to move towards fuller economic integration have happened. Problems related to the USA’s debts are also a factor in getting Europe to come closer together.

Furthermore, the Bible, while foretelling of problems between nations in Europe (Daniel 2:41-43) also tells of further political reorganizations in Europe (Revelation 17:12-13; see also Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations?).

What about Europe’s debt problems? While they do exist, Europe is a net exporter:

9 July 2015

The current account of the euro area showed a surplus of €238.2 billion (2.3% of euro area GDP) in the four quarters to the first quarter of 2015. https://www.ecb.europa.eu/press/pr/stats/bop/2015/html/bq150709.en.html

The USA is a net importer. The USA is also in more debt than any nation in the history of humanity. Europe does not have to be debt-free, but only perceived as less risky than the USA for the situation to change for Europe. Bible prophecy shows that the debt of the USA will bring it down (Habakkuk 2:6-8).

As far as high unemployment goes, instead of mainly talking about it as USA politicians do, Europe is working on various aspects of technological development which it believes will help it economically and militarily (see European Technology and the Beast of Revelation). Those who believe that the USA cannot be defeated militarily by the Europeans have overlooked biblical prophecies which come to a different conclusion (e.g. Daniel 11:39).

Does the USA have any hope?

Yes, national repentance:

14 if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land (2 Chronicles 7:14)

The Bible points out that the descendants of Jacob and Joseph are God’s people (Psalm 77:15; see also Anglo – America in Prophecy & the Lost Tribes of Israel). But, instead of repenting, the USA has been pushing a pro-homosexual, pro-abortion, pro-violence, and pro-debt message.

While the Bible shows that Europe will also eventually be punished (e.g. Isaiah 10:12), it shows that the USA will be first (Isaiah 10:5-11; see also Anglo – America in Prophecy & the Lost Tribes of Israel).

One thing that Larry Edelson has seemingly overlooked is that the USA will be hit by more of the ‘sorrows’ that Jesus prophesied in Matthew 24:4-8 BEFORE the start of the Great Tribulation (Matthew 24:21). This will weaken the USA economically enough, that sorrows (Matthew 24:4-8) plus debt (Habakkuk 2:6-8) plus the rise of European military technology (Revelation 13:4; see also European Technology and the Beast of Revelation) will lead to the end of the USA (Daniel 11:39) and lead to world economic dominance by the Europeans for a time (Revelation 13:16-18; 18:15).

The solution to the problems in the USA and Europe is not investments in the dollar of the USA–which will one day fail–but the Kingdom of God.

Some items of possibly related interest may include:

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.
When Will the Great Tribulation Begin? 2015, 2016, or 2017? 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 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the COG views this, and compares this to Ellen White. Here is a link to a prophetic video Six Financial Steps Leading to 666?
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
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.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? 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?
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? 2021 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
The Snowden Leaks are Leading to the Destruction of the USA Can what happened with the leaks of what the NSA has done help the USA to be taken over? What does the Bible teach that seems to be related to this? Here is a related YouTube video titled Are the Snowden NSA leaks leading to the destruction of the USA?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? 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?
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 Barack Obama and the State of the Apocalypse.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Did The Early Church Teach Millenarianism? Was the millennium (sometimes called chiliasm) taught by early Christians? Who condemned it? Will Jesus literally reign for 1000 years on the earth? Is this time near? A related sermon is titled The Millennium.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. 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 Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.