Author: Mac Slavo
September 23rd, 2011
You may remember Nigel Farage as the EU parliament member who tore into the President of the EU and most recently held a funeral for the Euro (complete with casket, pall bearers, and procession) on the streets of London.
Mr. Farage is a former commodities broker on the London Metals Exchange, so he understands the financial markets and monetary system (unlike 99% of the other politicians in the EU and DC), as well as the implications of the current debt crisis facing not just Europe, but the entire world. You’ll rarely hear a politician come out from behind the curtain as Nigel Farage does. Like most of us, he’s not very optimistic about what’s to come, and he lays out his views in an interview with King World News which is well worth listening to in full:
Paralysis, I think that’s the only way one can describe it. They put together a currency, an economic and monetary union of countries that were entirely unsuited to each other. The idea that Greece and Germany could coexist under the same monetary framework was always a joke as far as I was concerned.
So now we’re at the crisis point where the Greeks have been bailed out twice. The Portuguese and the Irish have been bailed out once and we now have the markets indicating that there are problems in Spain and possibly even in Italy, which is the Eurozone’s third largest economy.
The banking system is just in the most awful mess. And of course, what will happen, and this is what the markets fear, is that once we get countries like Greece defaulting we then have an admission that the debts they owe to these banks are not going to be paid back. That, in essence, is what default really means. So, I’m afraid we’ve just had the most catastrophic series of people running banks, they’ve been encouraged by big government, the whole concept of financial regulations has failed, and we are indeed heading into very dangerous waters.
I think that default of Greece and Portugal, and possibly Ireland, too, are inevitable.
I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine. Gold is in an uptrend and professional traders should be buying the dips.
Source: King World News
Listen to the full interview (12 Minutes):
There is simply no way that Greece, Portugal and likely a host of other countries (not just Ireland) will not eventually default. We really don’t know the extent of the debts and leverage involved because all of the monetary and financial machinations over the last ten, and especially three, years have been done in secret. There are likely hundreds of banks and many governments that have significant exposure to toxic assets – and not just in Europe. Our own Federal Reserve reportedly holds over a trillion dollars in assets that are essentially worthless.
If we were, as former Secretary Hank Paulson said, “very, very close” to meltdown in 2008, and they were threatening us with tanks on the streets of America, and absolutely nothing has been resolved, then what’s in store for us going forward?
Many of us were told in private conversations that if we voted against this bill on Monday, that the sky would fall, the market would drop two or three thousands points the first day, another couple thousand the second day, and a few members were even told that there would be martial law in America if we voted no.
House Representative Brad Sherman (D-California)
Debate on the House Floor, October 2, 2008
We can’t stress enough how serious this crisis is for the general global economy and the stability of the entire social and political systems of developed Western nations. Trillions of non-existent dollars and euros have been committed to resolving this crisis, and we are now worse off than when we started stimulating in 2008.
Do not underestimate what’s happening here.
Exactly, don't underestimate what is happening here. According to the unfolding plan of God's will spelled out in the pages of Holy Scripture, we can see that his is further implementation according to "their" plan to bring about the one world government, under the control of one person.
Some invovled in the process want the system to work, but to truly have control over the entire globe, one monetary, authoritarian structure must be in place. And in order for this to work, there must also be a one-world religion that over-arches and includes all other religions.
True Chrisitanity cannot be included in this, but it is the world's one truly exclusive faith. "There is salvation in no one else, for there is no other name under heaven given to men by which we must be saved" (Acts 4:12). Jesus said "I am the way, the truth and the life. No one comes to the Father, but through Me" (Jn. 14:6). There you have it. No other way, than through what Jesus did for us on the cross, when he died as the proopitiation for our sins, and took God's fierce wrath upon His own person, and actually tasted hell for us (Eph. 4:9).
That is another reason for the mounting and continual persecution of those who refuse to bow the knee to the gods of this world, much like Pastor Youcef Nadarkhani in Iran. So while the world scrambles to make sure they secure their "riches," awaiting the collapse of the economic system, and preparing for how they can survive, we are encouraged and take heed of the words of Jesus:
"Because you have kept the word of My perseverance, I also will keep you from the hour of teseting, that hour which is about to come upon the whole world, to test those who dwell on the earth."
And in Matt. 24, the famous end-times passage: "When you see all these things, recognize that He is near, right at the door." (Mt. 24:33).
Even so, Come Lord Jesus.