WEF on COVID impacting US & EU economies; WCG: Beyond Europe’s Present Crisis COLOSSUS IN THE MAKING


The World Economic Forum (WEF) posted the following:

07 July 2020

  • There can be no economic recovery until the virus is contained, so addressing the health emergency is the top priority for policymakers, writes economist Joseph Stiglitz.
  • Policies to protect the most needy, provide liquidity to prevent unnecessary bankruptcies, and maintain links between workers and their firms are also essential to ensuring a quick restart when the time comes.

Although it seems like ancient history, it hasn’t been that long since economies around the world began to close down in response to the COVID-19 pandemic. Early in the crisis, most people anticipated a quick V-shaped recovery, on the assumption that the economy merely needed a short timeout. After two months of tender loving care and heaps of money, it would pick up where it left off.

It was an appealing idea. But now it is July, and a V-shaped recovery is probably a fantasy. The post-pandemic economy is likely to be anemic, not just in countries that have failed to manage the pandemic (namely, the United States), but even in those that have acquitted themselves well. The International Monetary Fund projects that by the end of 2021, the global economy will be barely larger than it was at the end of 2019, and that the US and European economies will still be about 4% smaller.

The current economic outlook can be viewed on two levels. Macroeconomics tells us that spending will fall, owing to households’ and firms’ weakened balance sheets, a rash of bankruptcies that will destroy organizational and informational capital, and strong precautionary behavior induced by uncertainty about the course of the pandemic and the policy responses to it. At the same time, microeconomics tells us that the virus acts like a tax on activities involving close human contact. As such, it will continue to drive large changes in consumption and production patterns, which in turn will bring about a broader structural transformation. …

Because COVID-19 looks likely to remain with us for the long term, we have time to ensure that our spending reflects our priorities. When the pandemic arrived, American society was riven by racial and economic inequities, declining health standards, and a destructive dependence on fossil fuels. … government spending is being unleashed on a massive scale …https://www.weforum.org/agenda/2020/07/priorities-policymakers-government-covid19-economy-green-recovery

Although WEF opposes aspects of biblical morality (e.g., see World Economic Forum: Concerned about economic panic, information technology, and Brexit, while VP Biden pushes the LGBT agenda), the article is correct that there are macro and micro economic consequences associated with what has happened because of COVID-19 and government responses to it. Many jobs will not be coming back, at least for a time. Industries are being impacted. The government of the USA has massively increased debt and expects to do more of that. That will not end well for the USA (cf. Habakkuk 2:6-8).

As far as the European Union goes, the WEF forecast of downturn appears to be optimistic (and may also be for the USA). Notice the following related to the EU:

07 July 2020

The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. Because the lifting of lockdown measures is proceeding at a more gradual pace than assumed in our Spring Forecast, the impact on economic activity in 2020 will be more significant than anticipated.

The Summer 2020 Economic Forecast projects that the euro area economy will contract by 8.7% in 2020 and grow by 6.1% in 2021. The EU economy is forecast to contract by 8.3% in 2020 and grow by 5.8% in 2021. The contraction in 2020 is, therefore, projected to be significantly greater than the 7.7% projected for the euro area and 7.4% for the EU as a whole in the Spring Forecast. Growth in 2021 will also be slightly less robust than projected in the spring.

Valdis Dombrovskis, Executive Vice-President for an Economy that works for People, said: “The economic impact of the lockdown is more severe than we initially expected. We continue to navigate in stormy waters and face many risks, including another major wave of infections. If anything, this forecast is a powerful illustration of why we need a deal on our ambitious recovery package, NextGenerationEU, to help the economy. Looking forward to this year and next, we can expect a rebound but we will need to be vigilant about the differing pace of the recovery. We need to continue protecting workers and companies and coordinate our policies closely at EU level to ensure we emerge stronger and united.” https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1269

Thus far, responses from the EU national governments related to the coronavirus have tended to weaken the EU and make it less united. Though there been some areas where it has stood united.

The USA and Europe are facing economic uncertainty that could result in a crisis that will lead to the prophesied reorganization and unity of Europe and rise of the Beast of Revelation as is prophesied in Revelation 17:12-13. This is somewhat consistent with something stated by the late WCG Pastor General, Herbert W. Armstrong who said in a sermon on July 7, 1984:

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

Well, now I think I can see what may be the very event that is going to trigger it and that is the economic situation in the world.

Now we had to have an economic system as specialization progressed. And to handle money and the transfer of money from one person to another a banking system was originated. Now today you’ve been born into a world where you take banks for granted. There’ve been banks for now hundreds and hundreds and even I guess thousands, thousands of years perhaps. But banks have to deal with one another and as transportation has increased and some people live in different parts of the nation or the world they transfer money by checks. And you have to have a system whereby someone writes a check, for example in Philadelphia and yet he has an account in the bank here in Pasadena. That check has to get somewhere, somehow from Philadelphia where he cashes it in the store or something there to come here and the money has to come out of his account in this bank and be transferred back. And so a correspondent bank system was invented and has been going since long before I was born.

Now the largest correspondent bank in the United States through which all these checks flow and they do flow through certain major banks the way the system works. The largest one in the United States was the Continental Illinois Bank of Chicago. I’ve had relations with the President of that bank when I was a young man living in Chicago. Fact, I went to him occasionally for advice while I was a young man in the early twenties. I had known him in Des Moines, Iowa where he’d been President of the Des Moines National Bank and I’d had an account in that bank before I went to Chicago. And that’s the bank that you’ve read in the newspapers in the last, oh two or three months now, that came into a near crash. It was, when I was in Chicago, the second largest national bank in the United States — and I think the second, about the third largest bank in the United States — and it’s still perhaps third or fourth in the United States; a very large bank.

When a bank of that size collapses and people begin to lose confidence in the bank and there’s a run on the bank; everybody tries to draw their money out. The bank never has as much cash on hand as it has deposits that it owes to depositors that have deposited their money with it. And they could bankrupt a bank when they start a run on it. And so that bank is so large it would affect and if the banker’s bank and banks all over the United States have to keep money on deposit in that bank for the clearing of checks. And that would upset the whole banking system in the United States and so the government had to come to the aid of that bank.

Banking Structure

Now let me go further. The whole banking structure in the United States is a network all joined together, but not only that, one nation has to deal with other nations in imports and exports. And so they have to have a means of transferring money from one nation to another. And so the banking structure is international and interwoven. Things started out with the first man Adam rather simply. God’s things are usually simple. Man wants to make everything complex, intricate, and in such detail that the human mind can hardly keep up with it. And so the banking system has become very complex. And one nation is pretty much tied to other nations in its banking or monetary system.

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

I just wanted to say that much maybe you can begin to see how serious this thing can become!

So, an economic or banking crisis is what Herbert W. Armstrong believed a banking crisis would hit the US and concluded that would be a factor to drive Europe to unite.

Now, when Herbert Armstrong made his statements, US debt was about 1.5 trillion dollars. That debt is now over 17 times higher–and growing.

Europe will probably also increase its debt. But it still has limits that the government of the USA currently believes it does not.

Yet, the Bible prophesies that Europe will, for a time, dominate the world economically.

Europe has been working on this for decades. And when it was called the European Community (before it became the European Union), the old Worldwide Church of God published the following:

Beyond Europe’s Present Crisis COLOSSUS IN THE MAKING

… the business of the European Community is not just business.

Although the EC’s field of action is largely economic, its founders’ aims were essentially political. From the start, European planners envisioned the Community as the nucleus of a future political “United States of Europe” with a centralized political authority. Economic integration would be only the start. The ultimate product would be an entirely new political entity!

Many, even in those early years, saw the Community evolving into a strong politico-economic power, a European counterweight to Soviet Russia.

And indeed, strides have been made over the years in the political arena. In June 1979, for example, voters in the EC member nations went to the polls to choose, for the first time, directly elected representatives to the enlarged and strengthened European Parliament in Strasbourg, France. This was an enormous milestone in European history.

But the old nemesis of self-centered nationalism still impedes progress. As yet, the EC’s decision-making institutions are invested with few substantial powers. Only minimal surrender of national sovereignty has taken place.

National self-interest still dictates governments’ positions in EC negotiations, notably in the area of agricultural policy. Quarrels over how the EC spends its money have even prompted some observers to suggest the possibility of a Common Market collapse!

The EC faces a series of crucial decisions in the near future. Most Europeans realize there can be no going back. Many remain hopeful that the remaining years of this century will yet witness a coherent, full-functioning United States of Europe.

And they are right!

Foretold Long Ago

Bible prophecy — as so often explained in the pages of this magazine — reveals that a powerful New Europe is on the horizon!

The Bible foretells a gigantic world-trading system to be formed in our time, possessing worldwide political power and influence. Ultimately, this prophesied New Europe will possess greater population, greater industrial and economic capacity, and greater military power than either the Soviet Union or the United States now possesses!

Nearly a quarter century ago, editor in chief Herbert W. Armstrong declared with reference to the newly created Common Market:

“It is one of the crucial developments of world history. It is bringing to life a slumbering giant. It is developing into — creating — a GIANT NEW WORLD POWER, that will be mightier than either Russia or the United States! It is swiftly, dynamically, fulfilling PROPHECY! It is resurrecting the ROMAN EMPIRE!” (Plain Truth, September 1961).

The dream of a united Europe has permeated the history of the Continent. The original Roman Empire fell in A.D. 476. But Bible prophecy revealed it was to be restored again and again over the centuries. The most recent attempt to revive the Roman Empire was by Benito Mussolini. Today we see the last resurrection of the Roman Empire springing to economic life! It will be composed of 10 nations or blocs of nations — but not necessarily the 10 now associated in the EC.

The final political union in Europe will not come about through slow, evolutionary means, but suddenly — in reaction to dire external threats to the Continent’s very existence! The “founding father” of the Common Market, Jean Monnet, foresaw this when he remarked that “necessity is the real federator.” The years just ahead will provide the specific events that will t rigger the final, sudden, desperate fusion of Europe.

Moreover, prophecy reveals that religion will have its part to play in inspiring enthusiasm for European unity. The Roman Catholic Church, locked in a struggle with Soviet atheism and U.S. secular consumerism, will reassume its historic role as a “glue” for Europe, cementing together the diverse peoples and cultures of the Continent.

New Superpower

The stage is set.

Europe stands on the threshold of unparalleled world power. By virtue of its economic dynamism, political muscle and continuing need for Middle Eastern oil, the coming United Europe will be in a position to reshape the geopolitical balance of the world! (Stump K. Beyond Europe’s Present Crisis COLOSSUS IN THE MAKING. Plain Truth, September 1984)

The stage is being set for Europe. It is working on having more unity and more international economic reach.

But it will have economic distress before it unites to fulfill its prophesied economic dominance on the world. Notice some of what is shown in places such as Revelation 18 discussing some of the reach of the end time European Babylon:

3 … all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury. (Revelation 18:3)

9 The kings of the earth who committed fornication and lived luxuriously with her … 19 in which all who had ships on the sea became rich by her wealth! (Revelation 18:9,19)

Europe does not have to be perfect to do this. But perceived, for a time, as the best economic option for the world.

Although it does not look like that now to most people, Europe is prophesied to do so.

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.
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 are links to two related videos: The King of the North is Alive: What to Look Out For and 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.
Satan’s Plan Does Satan have a plan? What is it? Has it already been successful? Will it be successful in the future? Here are links to a two-part sermon series: What are Some of the Parts of Satan’s Plan? and Satan’s Plan is More Dramatic than Many Realize.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
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. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and 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.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Here is a link to a related sermon: Fourth Horseman, COVID, and the Rise of the Beast of Revelation. Some shorter related videos may include Amphibian Apocalypse: Threat to Humans? and Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming? Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
COVID 19 is NOT the End, but could it be TEOTWAWKI? The novel coronavirus called COVID-19 is wreaking havoc around the world. Many states of the USA as well as countries in Europe are on lockdown with shelter in place /shelter in residence requirements. In France, a form is required when you are not at your house. In Spain, drones are being used to warn people who are outside to got back to their homes–does that bring up feelings of ‘Big Brother’? Italy, France, and other areas are using police and/or military force to encourage people to stay inside. According to the Bible could this be the end? If not, what has to happen first? Have the second and third of the four horsemen of the Apocalypse started their ride? Could COVID-19 be the fourth horseman? Why or why not? Could we be seeing The End of the World as We Know It (TEOTWAWKI) like the R.E.M.’s 1987 single song discussed? Do Christians need to fear? What did Jesus teach? What did the Psalmist teach? This is a video. Here is a link to a version in the Spanish language: Corona 19 no es el final PERO es el TEOTWAWKI.
COVID-19 Leading to 666? The novel coronavirus of Wuhan, China fame, is now called COVID-19. It has also been called the ‘Coronapocalypse.’ Does COVID-19 have any prophetic ramifications? What did Jesus teach about pestilences and sorrows in the Olivet prophecy in Matthew 24? Could COVID-19 be the ride of the fourth horseman of the Apocalypse? Why was this type of disease expected according to the O. Here is a link to a version in the Spanish language: ld Testament prophecies in Deuteronomy and Leviticus? What has the US Centers for Disease Control warned about? What has the CDC reported about the flu? Were there lessons about fear and infections in the 2011 movie ‘Contagion’? Because of COVID-19, the World Health Organization (WHO), nation of Iran, and certain French locations are telling people not to use cash, but instead electronic forms of payment. The US Federal Reserve is now quarantining money repatriated from Asia to reduce the potential spread of the coronavirus on US currency bills. Is COVID-19 worse than we have been told or could this all be a ‘false flag’ event to encourage people to move towards a cashless society? If the thousands of deaths associated with COVID-19 are pushing parts of the world towards cashlessness, how much more likely will the ride of the fourth horseman and over a billion human deaths motivate people to move to making electronic payments that can be monitored? The Bible tells of a soon coming society that controls buying and selling to force allegiance to a coming European Beast power, known as 666 (Revelation 13:16-18). Does the ‘great tribulation’ begin before ride of the fourth horseman or with the opening of the fifth seal of Revelation 6? Do the words of Jesus helps us better understand the sequence of the four horsemen of the Apocalypse and the start of the Great Tribulation? Will the ride of the fourth horseman help lead to the rise of 666? Is that ride very close? Dr. Thiel addresses these issues and more in this video. Here is a link to a version in the Spanish language: El COVID-19 ¿Conduce al 666?

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.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.
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?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
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.
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? 2028 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? 2020, 2021, or 2022? 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 la Gran Tribulación comenzar en el 2020 o 2021? ¿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: Could the Great Tribulation Begin in 2020?
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.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
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.

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