And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.
17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe – Is The U.S. Next? 03/14/13 I found this just before the Cyprus banking crisis. It shows just how weak the European Union is and how it is about to blow apart. The Cyprus crisis shows, in real time, just how weak it really is. I do not see how the EU can recover from this. Anything now could ignite a run on the banks and collapse the entire system.
The banks and world economy are all intertwined, so if the Euro starts to melt down it could bring America down with it.
This is a great example to trust in the Lord and not the banks. This is why I have said over and over to grow in faith and trust God for your finances and not the corrupt and dying economic system.
May the Holy God of Israel bless and protect you.
Revelation 18:4 And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.
Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe? 03/19/13 I have gotten to the bottom of what happened in Cyprus. There are two major banks that are used by the Russians to wash money. The Russians have been doing this for decades. What the banks did was loan the money to the Greek government. The Greeks cannot repay these loans, so the banks are insolvent. The banks are greater than the GNP of Cyprus so it is impossible for the government to cover the banks failures. As part of an European bailout plan, the government of Cyprus was required to confiscate up to about 15 percent of the depositors’ funds.
This triggered the current banking crisis. The problem is the banks in Spain, Italy and Greece are in the same condition and this is what triggered such fear across Europe. The problem in Cyprus is not going away, so this is just the start of a massive banking crisis throughout Europe. Will Europe’s economic meltdown coincide with the these nations coming against Israel to divide the land?
It is just a matter of a short time until the European economy collapses. They made government their God and now their god is being judged.
“Right now, the two largest banks in Cyprus are dangerously close to a meltdown. If they fail, depositors could end up losing virtually all of their money. You see, the banking system of Cyprus absolutely dwarfs the GDP of that small island nation. Cyprus is known all over the world as a major offshore tax haven, and wealthy Russians and wealthy Europeans have been pouring massive amounts of money into the banking system over the last several decades. Yes, those bank deposits are supposed to be insured, but the truth is that there is no way that the government of Cyprus could ever come up with enough money to cover the massive losses that we are potentially looking at. This is a case where the banking system of a nation has gotten so large that the national government is absolutely powerless to stop a collapse from happening.”
Argentina Makes Grab for Pensions Amid Crisis 03/18/13 The Socialists will steal the people’s money whenever they need to.
“Hemmed in by the global financial squeeze and commodities slump, Argentina’s leftist government has seemingly found a novel way to find the money to stay afloat: cracking open the piggybank of the nation’s private pension system.The government proposed to nationalize the private pensions, which would provide it with much of the cash it needs to meet debt payments and avoid a second default this decade.”
Socialists ready to make power grab of world citizens’ money 03/17/13 It now appears that the long awaited breakup of the Euro and European Union has begun.
“Get your money out of the banks.Due to an “emergency deal reached today in Brussels”, a one-time 9.9% tax is to be levied on Cypriot bank deposits of more than 100,000 euros effective Tuesday, March 19.”
Cyprus banks will stay closed until Thursday 03/18/13 This is a bank holiday and people are locked out of their accounts.
Banking Chief Calls For 15% Looting of Italians’ Savings 03/18/13 This is going to spread throughout Europe and can easily spread to America.
“However, the scale of the robbery could have been far higher. As Zero Hedge reports, “It appears that the settled-upon 9.9% haircut is a ‘good deal’ compared to the stunning 40% of total deposits that Germany’s FinMin Schaeuble and the IMF demanded.”
$50-58bn to flood out of Cyprus due to 9.9% bank deposit confiscation by the EU and into gold and even UAE banks 03/17/13 There is no way to stop the exodus once it starts.
“It is aimed squarely at the huge offshore funds held in Cyprus by Russians, much of it said to be from money laundering though how an offshore banking centre is suppposed to adjudicate on the source of offshore funds presented to them by depositors is unclear. The EU would evidently rather not have this money deposited inside the bloc and has made its draconian ruling to frighten this money away as well as to help refinance the beleaguered Cypriot banking sector. Ironically the impact of this $50 to $58 billion leaving the system will of course be devastating and almost certainly result in another crisis for the banking system.”
Revelation 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord Jesus.