• 1 Trillion Euro Bailout for Europe, Signs of Antichrist

    1 Trillion Euro Bailout for Europe, Signs of Antichrist

    The recently announced bailout of Spain and several other european countries who are in a desperate financial crisis, is the next step up the ladder to the introduction of the coming antichrist.

    According to the old testament prophecies regarding the coming of the world leader who will emerge during a global financial crisis, that introduction may be just around the corner. This world leader will be seen as a “savior” of the financial catastrophe that the leading countries in Europe have gotten themselves into. He will come at first with a peace plan for Israel and the Arab nations. On the wings of peace, he will exalt himself to the position of God and command the world to worship him. He will be a great military leader who is able to unite the armies of the world together, to fight a combined effort during the “Battle of Armageddon”. This battle will take place north of Jerusalem in the Valley of Megiddo, where many other great battles of history have taken place.

  • World Financial Markets in Collapse, Preparations for the Antichrist

    World Financial Markets in Collapse, Preparations for the Antichrist

    On Wednesday, the United States stock market plummeted 389 point, or a 3.2% drop in value, after recent news of Europe’s financial crisis was announced. Italy, one of the largest economies in Europe, is also experiencing major debt problems, adding to the list of other European nations in major financial difficulties.

    According to experts, Italy has a public debt of over 2.5 Trillion, or 120 percent of their Gross Domestic Product. There is wide spread fear that Italy will also not be able to meet their financial commitments. Greece, Ireland and Portugal have already experienced similar financial problems, thought their economies are much smaller.

    Italy is a major player in the European economy because so many different banks hold’s their debt, and because their debt level is so high. All of the combined abilities of banks in Europe, do not have the capacity to bail out Italy from her debt pinnacle , making for a frightening scenario in the future.

  • Breaking News, European Union, Signs on the Earth

    Posted on September 30th, 2010

    Written by B.P.U Contributor

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    Signs of the Last Days: World Markets Destabilize

    Signs of the Last Days: World Markets Destabilize

    World markets were mixed Thursday as investors booked profits at the end of a month of solid gains and amid upbeat signs about the U.S. economy. Ireland’s announcement that it would sink billions more into its failed banks was greeted with equanimity. European stocks fluctuated all day, torn by worries of a flare-up in the debt crisis and hopes that governments were facing their debt problems head on.

    U.S. jobs and growth figures later offered some support, but investors who have enjoyed the strongest gains for the month of September since 1939 seem to be taking their profits off the table. Britain’s FTSE 100 closed down 0.4 percent at 5,548.62 while Germany’s DAX ended 0.3 percent lower at 6,229.02. France’s CAC-40 was down 0.6 percent at 3,715.18.

    Asian markets closed lower and Wall Street slid after an initial rally. The Dow industrial average was down 0.6 percent at 10,773.22 while the Standard & Poor’s 500 fell 0.5 percent to 1,139.44. U.S. government data showed that first-time claims for unemployment benefits fell more than economists had predicted last week. Furthermore, the official estimate for economic growth was raised to 1.7 percent for the second quarter, up from 1.6 percent estimated a month ago.

  • Economy, European Union

    Posted on May 15th, 2010

    Written by B.P.U Contributor

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    European Union Facing Recession

    European Union Facing Recession

    The initial euphoria that greeted the European Union’s “shock and awe” measures to shore up the euro seems to be fading. On Friday, the euro hit a 14 month low against the dollar as investors began to realize that the underlying problems in many European economies are not going away.

    The €750 billion ($1 trillion) rescue fund agreed upon by EU finance ministers late on Sunday night had initially eased fears that many euro-zone economies could end up defaulting on their mounting debts. However, the slew of austerity packages in countries with bloated budget deficits is now raising concerns that the severe cuts could actually stall growth and thus make paying off the debts even harder.

  • European Union, Politics

    Posted on January 1st, 2010

    Written by B.P.U Contributor

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    Spain Takes Over EU Presidency

    Spain Takes Over EU Presidency

    MADRID — Spain took over the presidency of the European Union on Friday, with the prime minister promising to work to end the continent’seconomic crisis.
    The six-month rotating post passed from Sweden to Spain at the stroke of midnight, and the country launched its stint in the helm with a spectacular sound and light show for New Year’s Eve revelers gathered at the Puerta del Sol, one of Madrid’s most emblematic plazas.
    Prime Minister Jose Luis Rodriguez Zapatero said Spain’s main goal as EU president is “to fight for economic recovery, for recovery from the crisis, and make Europe an economy that is more and more productive, more and more innovative and more and more sustainable