{"id":7710,"date":"2011-07-07T09:34:04","date_gmt":"2011-07-07T17:34:04","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=7710"},"modified":"2011-07-07T06:24:38","modified_gmt":"2011-07-07T14:24:38","slug":"europe-declares-war-on-anglo-saxon-credit-rating-agencies","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/europe-declares-war-on-anglo-saxon-credit-rating-agencies\/","title":{"rendered":"Europe &#8216;Declares War&#8217; on &#8216;Anglo-Saxon&#8217; Credit Rating Agencies"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" class=\"aligncenter\" src=\"\/tower-of-babel-eu-poster.gif\" alt=\"European Union Tower of Babel Poster\" \/><\/p>\n<p><a href=\"\/cogwriter.htm\">OGwriter<\/a><\/p>\n<p>According to <em>The Telegraph<\/em>, Europe has finally got fed up enough with &#8220;Anglo-Saxon&#8221; credit rating agencies to &#8220;declare war&#8221; on them:<\/p>\n<blockquote><p><span style=\"font-family: Arial; font-size: x-small;\"> <\/span><\/p>\n<div><strong><span style=\"font-size: large;\">Europe declares war on rating  agencies<\/span><\/strong><\/div>\n<div><strong>A chorus of policy-makers from Europe and across the world have  denounced Moody&#8217;s drastic downgrade of Portuguese debt as an act of financial  vandalism, accusing the &#8220;Anglo-Saxon&#8221; rating agencies of driving states into  bankruptcy and destabilising the global system. <\/strong><\/div>\n<div>By <a title=\"Ambrose Evans-Pritchard\" href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/\">Ambrose Evans-Pritchard<\/a>, <strong>Telegraph<\/strong>, London &#8211; July 6, 2011\u00a0 <span><a title=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/8621520\/Europe-declares-war-on-rating-agencies.html\" href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/8621520\/Europe-declares-war-on-rating-agencies.html\">http:\/\/www.telegraph.co.uk\/finance\/economics\/8621520\/Europe-declares-war-on-rating-agencies.html<\/a><\/span><\/div>\n<\/blockquote>\n<p>Europeans made some specific threats because of this:<\/p>\n<blockquote>\n<h2><a id=\"MAA4AEgBUABgAWoCdXM\" href=\"http:\/\/www.nytimes.com\/2011\/07\/07\/business\/global\/07euro.html\" target=\"_self\">Europeans Caution <strong>Ratings<\/strong> Agencies After the Downgrade of Portugal&#8217;s Debt<\/a><\/h2>\n<div>New York Times\u00a0&#8211; <a href=\"http:\/\/news.google.com\/news\/search?cf=all&amp;ned=us&amp;hl=en&amp;q=author:%22Liz+Alderman%22&amp;scoring=n\">Liz Alderman<\/a>, <a href=\"http:\/\/news.google.com\/news\/search?cf=all&amp;ned=us&amp;hl=en&amp;q=author:%22Jack+Ewing%22&amp;scoring=n\">Jack Ewing<\/a> &#8211; \u200e7 July 2011<\/div>\n<p>PARIS \u2014 <strong>European<\/strong> officials scrambled on Wednesday to prevent the debt crisis in Greece from destabilizing their currency union, threatening <strong>credit<\/strong>&#8211;<strong>rating<\/strong> agencies with possible retaliation after the decision on Tuesday by Moody\u2019s Investors Service to downgrade Portugal\u2019s debt to junk status&#8230;<\/p>\n<p>Portuguese and European officials condemned the ratings agencies for intensifying <a title=\"More articles about the Euro.\" href=\"http:\/\/topics.nytimes.com\/top\/reference\/timestopics\/subjects\/c\/currency\/euro\/index.html?inline=nyt-classifier\">the euro<\/a> crisis, suggesting they were overreacting after they were admonished  for moving too slowly to warn of problems in the United States<\/p>\n<h2><a id=\"MAA4AEgAUABgAWoCdXM\" href=\"http:\/\/www.dw-world.de\/dw\/article\/0,,15216983,00.html\" target=\"_self\"><strong>European<\/strong> politicians slam &#8216;unhelpful&#8217; <strong>credit rating<\/strong> agencies<\/a><\/h2>\n<p>Deutsche Welle\u00a0&#8211; <a href=\"http:\/\/news.google.com\/news\/search?cf=all&amp;ned=us&amp;hl=en&amp;q=author:%22Nancy+Isenson%22&amp;scoring=n\">Nancy Isenson<\/a> 7 July 2011<br \/>\nGerman Chancellor Angela Merkel responded to the Standard &amp;  Poor&#8217;s statement by Moody&#8217;s announcement&#8230;On Wednesday, her finance minister described the &#8220;big three&#8221; credit rating agencies as an oligopoly that needed to be broken.<\/p><\/blockquote>\n<p>The reality is that it does seem strange that distressed USA states have higher credit ratings than some European nations as certain USA states are statistically in worse financial shape than the European states.<\/p>\n<p>I suspect part of the reason for the credit rating disparity is that while few think that the USA can actually break apart (despite the fact that the Bible teaches that its lands will be divided, cf. Daniel 11:39), many believe that the European Union does not have proper unity and will break up.\u00a0 Whether or not the EU itself will exist in the future can be speculated (the Bible points to a reorganization in Revelation 17:12-13), yet the Bible is clear that the final European Beast power will not be highly unified as it will basically be a combination of strong and weak, or as the Bible more literally states, iron and clay:<\/p>\n<blockquote><p>41 Whereas you saw the feet and toes, partly of potter&#8217;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)<\/p><\/blockquote>\n<p>According to Bible prophecy, a European power, despite its fragility, is destined to temporarily be the most dominant force in the world, and ultimately declare real war on the Anglo-descended nations.\u00a0 This is something that I doubt the US credit rating systems accept.<\/p>\n<p>The European <a href=\"https:\/\/www.cogwriter.com\/kingofthenorth.htm\">King of the North<\/a> will arise.\u00a0 This &#8220;credit rating war&#8221; is another sign that it intends to take more control over its economic future, while minimizing the influence of the Anglo-based economic system.\u00a0 The economic influence of the coming Beast power is indicated by several passages in the Bible such as the following:<\/p>\n<blockquote><p>15 He was granted power to give breath to the image of the beast, that the image of the beast should both speak and cause as many as would not worship the image of the beast to be killed. 16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. (Revelation 13:15-17)<\/p>\n<p>12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; 13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men. 14 The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all. 15 The merchants of these things&#8230;became rich by her (Revelation 18:12-15)<\/p><\/blockquote>\n<p>But such great wealth and power will not last:<\/p>\n<blockquote><p>16 Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! 17 For in one hour such great riches came to nothing.&#8217; Every shipmaster, all who travel by ship, sailors, and as many as trade on the sea, stood at a distance 18 and cried out when they saw the smoke of her burning, saying, &#8216;What is like this great city?&#8217;\u00a0 (Revelation 18:16-18)<\/p>\n<p>44 And in the days of these kings the God of heaven will set up a kingdom which shall never be destroyed; and the kingdom shall not be left to other people; it shall break in pieces and consume all these kingdoms, and it shall stand forever. 45 Inasmuch as you saw that the stone was cut out of the mountain without hands, and that it broke in pieces the iron, the bronze, the clay, the silver, and the gold \u2014 the great God has made known to the king what will come to pass after this. The dream is certain, and its interpretation is sure. (Daniel 2:44-45)<\/p><\/blockquote>\n<p>Europe is destined to temporarily make many of the merchants of the world quite wealthy.\u00a0 The Bible shows that the final Beast power will be fragile and will hold together until God has it destroyed.<\/p>\n<p>But before it is destroyed, the final Beast power must come together and get to the place where it has major economic influence.\u00a0 Europe is getting frustrated with an economic system dominated by Anglo-Saxon powers (including credit rating systems).\u00a0 Europe has been taking steps to stand up against the old world financial order, which to a great degree has been dominated by the United Kingdom and then the United States for well over a century.\u00a0 Europe&#8217;s current complaints are more than simple nagging, Europe intends to take steps to insure that it will be more powerful in the economic order that will dominate after the Anglo-powers are removed from the top.<\/p>\n<p>While certain prophetic signs seem to be tarrying, others are lining up with Bible prophecy.<\/p>\n<p><em>Some articles of possibly related interest may include:<\/em><\/p>\n<p><a href=\"\/europa.htm\">Europa, the Beast, and      Revelation<\/a> Where did Europe get its name? What might Europe have to      do with the Book of Revelation? What about \u201cthe Beast\u201d?  Using the Tower of Babel and &#8220;Beast&#8221; images suggests it is not concerned about its role as being part of the future Babylon of Bible prophecy.<br \/>\n<a href=\"\/kingofthenorth.htm\">Who is the King      of the North?<\/a> Is there one? Do biblical and Roman Catholic    prophecies 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<span> the  United     States, Great Britain, Canada, Australia, and New Zealand<\/span>?        When   do the 1335 days, 1290 days, and 1260 days (the time,   times,    and   half a   time) of Daniel 12 begin? What MUST happen   BEFORE the    Great    Tribulation?<a href=\"\/karl-theodor-zu-guttenberg-king-of-the-north.htm\"><br \/>\nMight German Baron Karl-Theodor zu Guttenberg become the King of the North?<\/a> Is the German Defense Minister one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?<br \/>\n<a href=\"\/britishisrael.htm\">Anglo &#8211; America in Prophecy &amp; the  Lost Tribes of Israel<\/a> Are the Americans, Canadians, British, Scottish, Welsh, Australians,  Anglo (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 nations?  Why might God allow them to be punished first?<br \/>\n<a href=\"\/usa-canada-uk-australia-new-zealand-divided.htm\">Will the Anglo-Nations be Divided and Have People Taken as Slaves?<\/a> 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?<a href=\"\/canada-in-bible-prophecy.htm\"><br \/>\nCanada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada?<\/a> There are prophecies that suggest involvement with Canada. And many are not positive about its future.<a href=\"\/king-of-the-west.htm\"><br \/>\nWho is the King of the West? Why is there no End-Time King of the West in Bible Prophecy?<\/a> Is the United States the King of the West?<a href=\"http:\/\/www.thesecretsect.com\/\"><br \/>\n2012 and the Rise of the Secret Sect<\/a> This is a link related to a book by Bob Thiel (COGwriter). This also  has YouTube videos. This book documents and explains hundreds of  prophecies, including information about Europe, the USA, the King of the North, and the King of the South. And since it was published, many have already started to  come to pass.<a href=\"http:\/\/lasectasecreta.com\/\"><br \/>\n2012 y el surgimiento de la secta secreta<\/a> 2012 libro del Dr. Thiel en Espa\u00f1ol.<br \/>\n<a href=\"http:\/\/www.amazon.com\/2012-Auftreten-geheimen-Sekte-German\/dp\/0984087117\/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1267490568&amp;sr=8-1\">2012    und das Auftreten der geheimen Sekte (German Edition)<\/a> <span id=\"result_box\"><span title=\"2012 book by Dr. Thiel in German\">2012 Buch von Dr. Thiel    in deutscher Sprache.<br \/>\n<\/span><\/span><a href=\"http:\/\/www.armazendanet.com\">2012 e o Surgimento da Seita Secreta (Brazilian Portuguese Edition)<\/a> 2012 livro do Dr. Thiel.\u00a0 Edi\u00e7\u00e3o em portugu\u00eas do Brasil. Este livro documenta e explica centenas de profecias. E desde que foi publicado pela primeira vez, pelo menos 16 j\u00e1 come\u00e7aram a acontecer.<br \/>\n<a href=\"http:\/\/www.amazon.com\/gp\/product\/0984087125?ie=UTF8&amp;tag=chnw-20&amp;linkCode=as2&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0984087125\">2012 e o Surgimento da Seita Secreta (Portuguese Edition)<\/a> <span id=\"result_box2\" lang=\"pt\"><span>2012 livro do Dr. Thiel em portugu\u00eas. <\/span><span>Este livro documenta e explica centenas de profecias. <\/span><span>E desde que foi publicado pela primeira vez, pelo menos 14 j\u00e1 come\u00e7aram a acontecer.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OGwriter According to The Telegraph, Europe has finally got fed up enough with &#8220;Anglo-Saxon&#8221; credit rating agencies to &#8220;declare war&#8221; on them: Europe declares war on rating agencies A chorus of policy-makers from Europe and across the world have denounced Moody&#8217;s drastic downgrade of Portuguese debt as an act of financial vandalism, accusing the &#8220;Anglo-Saxon&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7710","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"OGwriter According to The Telegraph, Europe has finally got fed up enough with &quot;Anglo-Saxon&quot; credit rating agencies to &quot;declare war&quot; on them: Europe declares war on rating agencies A chorus of policy-makers from Europe and across the world have denounced Moody&#039;s drastic downgrade of Portuguese debt as an act of financial vandalism, accusing the &quot;Anglo-Saxon&quot;\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.cogwriter.com\/news\/prophecy\/europe-declares-war-on-anglo-saxon-credit-rating-agencies\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Church of God News -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Europe \u2018Declares War\u2019 on \u2018Anglo-Saxon\u2019 Credit Rating Agencies - Church of God News\" \/>\n\t\t<meta property=\"og:description\" content=\"OGwriter According to The Telegraph, Europe has finally got fed up enough with &quot;Anglo-Saxon&quot; 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