Here in Dallas it seems a world away from the troubles of Europe. That’s an illusion, for we are fast becoming the long planned “one world”, interconnected and tightly controlled. On Saturday I spoke at the “Living on Borrowed Time” conference organized by Lamb Lion ministries, headed by Dr. David Reagan. We flew in on AA, part of the One World alliance. Today Dave sent me this news of the latest plan which threatens confiscation of cash in Europe’s banks, many of which are barely above water. Warning: cash will crash in a flash! Read on…
The talk I gave will be shown on the Christ in Prophecy TV program, on networks including Daystar (it’s on at 4 am on Thursdays in Great Britain). It featured Powerpoint slides showing the evil empire being constructed in Europe: the EU superstate, the Revived Roman Empire.
I said that the coming dictatorship will be ushered in when there is financial collapse, as I think is likely in some of the nations across the European Union, especially the southern ones. Governments and commentators like to pretend things are getting better. It helps keep the mobs at bay, as unemployment across Europe averages 12 per cent with 15 million young people unable to find jobs. This is a recipe for disaster. But financial instability is the key to collapse and always has been.
When people realize their money is not safe in banks they panic. Governments issue calming statements and, I suspect, massage down the price of gold, which I have long said will be the last man standing when paper money becomes worth less than the paper it was printed on. This is the story, which came from: http://www.prophecynewswatch.com/2013/July01/014.html#EDHey5jkDPupTVGI.99
On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe vulnerable to Cyprus-style bail-ins. In other words, the wealth confiscation that we just witnessed in Cyprus will now be used as a template for future bank failures all over Europe.
That means that if you have a bank account in Europe, you could wake up some morning and every penny in that account over 100,000 euros could be gone. That is exactly what happened in Cyprus, and now EU officials plan to do the same thing all over Europe. For quite a while EU officials insisted that Cyprus was a "special case", but now we see that was a lie.
International outrage over what happened in Cyprus has died down, and now they are pushing forward with what they probably had planned all along. But why have they chosen this specific moment to implement such a plan? Are they anticipating that we will see a wave of bank failures soon? Do they know something that they aren't telling us?
Amazingly, this announcement received very little notice in the international media. (Alan comments: why am I not surprised? The true news has long been suppressed by big media.) The fact that bank account confiscation will now be a permanent part of the plan to bail out troubled banks in Europe should have made headline news all over the globe. The following is how CNN described the plan...
European Union finance ministers approved a plan Thursday for dealing with future bank bailouts, forcing bondholders and shareholders to take the hit for bank rescues ahead of taxpayers.
The new framework requires bondholders, shareholders and large depositors with over 100,000 euros to be first to suffer losses when banks fail. Depositors with less than 100,000 euros will be protected. Taxpayer funds would be used only as a last resort.
According to this new plan, bondholders will be the first to be required to "contribute" when a bank bailout is necessary.
Do you want to guess what that is going to do to the price of European bank bonds?
Shareholders of the bank will be the next in line to get hit when a bank bailout happens.
After that, they will go after those that have more than 100,000 euros in their bank accounts.
EU officials say that such a plan is needed because bailing out banks with taxpayer money was creating too many problems...
Read more at http://www.prophecynewswatch.com/2013/July01/014.html#EDHey5jkDPupTVGI.99