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03/09/2009
Life in the superstate of Europe - The European Union - should give clear warning of what is in store for America as we move on fast forward towards the New World Order. Myriads of new regulations, all aimed at giving central government control of every aspect of our lives and businesses, spew forth daily from the EU machine. Here is a story that shows how the costs of insurance are set to rocket - all because of new EU regulations. Read and be warned. ALAN FRANKLIN
The only chink of light in all this is that the Germans are worried too and this could tip the argument.
Otherwise it is all part of the anti-business attitude of the European Parliament which is behind this totally destructive move.
Christina Speight==================================THE TIMES 2.9.09Insurers warn new rules may force them to raise £50bn
Catherine Boyle
UK insurers have warned that they may have to ask investors for more than £50 billion extra in new equity if proposed new European regulations come into effect.
The Association of British Insurers has written to Alistair Darling to say that the mooted changes to the law would lead to a dramatic increase in premium rates.
In the letter, which was sent last month, the industry body warns that the proposals could hinder insurers across Europe and asks Mr Darling and the European Commission to intervene before they become law.
The mooted changes are set to come into force in 2012 and are set out in the “Solvency II” Directive. They aim to create a single standard for capital requirements across the EU, as well as improving transparency and capital management in the insurance industry.
The directive was passed by the European Parliament this year. It is with a European committee, which is considering how to implement it.
The rules will also affect future pensioners’ retirement income from annuities. Some executives claim that the need for greater capital reserves could cut retirement income from annuities by between 10 and 20 per cent.Tim Breedon, the chief executive of Legal & General, said that the rules were “a betrayal of savers”.
Steven Haddrill, the director-general of the ABI, said that British insurers would have to increase capital and reserves by up to £70 billion if the mooted changes become European legislation. He wrote: “It is hard to see how such a massive capitalisation could be achieved.
“This huge over-capitalisation will mean that investment returns in insurance will fall.”
He added that the Financial Services Authority, the City regulator, supports the ABI’s concerns.
The organisation’s German equivalent, the GDV, has appealed to Jorg Asmusse, Germany’s Finance Minister, to step in on its behalf.
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Tables of Truth
Roman Catholic Church versus the Bible. Written by Pat Franklin, a ‘cradle Catholic’ educated at Catholic schools in America.
I read the New Testament for myself (a Catholic version of the Bible) in England in 1981 and saw that Catholicism was not right, but that salvation was by faith in Christ alone. I knelt down in my bedroom and confessed my sins to the Lord Jesus and asked Him to let me be one of His people. From that day I have belonged to Him. This is copyright, and cannot be offered for sale, but I (Pat) urge our readers to print out a hard copy or copies and give them out free to friends and relatives so that the truth of this gets out far and wide. God bless you in your efforts to inform people. Here we have set out some of the main differences between Christianity and Islam. The two are diametrically opposed, with no common ground of any sort and no possibility of any dialogue ever. Compiled by Pat Franklin. Here is the shortest, simplest Table of Truth I have so far devised to prove that the Catholic Church is a false church, not true Christianity - not the church Jesus set up at all ! An ‘aura’ is a distinctive atmosphere as in an ‘aura of mystery’ ; special quality or air around something or someone. But in paranormal, New Age circles an aura is:
- A supposed coloured emanation surrounding someone
- Coloured field around someone’s head https://yeshuaspeople.com/tonghamcf/sermon/5-11-23-why-has-one-nation-been-singled-out-for-such-hatred-israel/
16/10/22 - The Joys and Sorrows of Israel. - yeshuaspeople.com
4/6/23 - This is the Season of The Lord's Return - yeshuaspeople.com
7/5/23 - The Real King Will Soon Come For Us. - yeshuaspeople.com
2/4/23 - The Dramatic Easter Events were the Most Important Since The Creation. - yeshuaspeople.com
2/4/23 - The Dramatic Easter Events were the Most Important Since The Creation. - yeshuaspeople.com
4/12/22 - The Watchman on the Wall. - yeshuaspeople.com
15/5/22 - Jerusalem Future Capitol of the World, pt.1. - yeshuaspeople.com
7/8/22 - Jerusalem Future Capitol of the World, Part 2. - yeshuaspeople.com
4/9/22 - It's Fast Forward to The Last of The Last Days. - yeshuaspeople.com
26/6/22 - If you prove it I'll believe it. Validating the Scriptures. - yeshuaspeople.com
6/11/22 - The United Kingdom is Now Led by Two Pagans and is Increasingly Lawless. - yeshuaspeople.com
13/3/22 - Gog and Magog. - yeshuaspeople.com
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For thus saith the Lord of hosts: Yet once, it is a little while, and I will shake the heavens, and the earth, and the sea, and the dry land: and I will shake all nations, and the desire of all nations shall come, and I will fill this house with glory, saith the Lord of hosts. (God shook the earth once, when He gave us the Ten Commandments at Sinai. The next time He will shake not only the whole earth, but the entire universe! Are you ready? Only by putting your faith in the Lord Jesus will you escape this terrible shaking!)
Haggai 2:6 and 7
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