Global Stock Markets Braced For Further Turmoil After S&P Downgrades Italy!

• Do not buy into the herd instinct driving the sheeple into US treasuries and USD. America is in far worse shape compared to the Eurozone. The only advantage America has is its ability to print its own currency. The ECB does not have this mandate and cannot print and buy all European bonds freely.
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• There is a financial war going on where the American Illuminati is attacking the European Illuminati to maintain its financial superiority over the EU. By making the Eurozone look bad, the Euro looks bad and thus the USD looks not so bad. Yes, the Eurozone has problems but not worse than America’s. This is laying the foundation for the future war as stated in Revelation. (Note: 10 horn beast – Revived Roman Empire, Babylon Harlot – New World Order centred around America 2.0)
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  Revelation 17:16-18, New King James Version (NKJV)
  ¹⁶ And the ten horns which you saw on^[a] the beast, these will hate the harlot, make her desolate and naked, eat her flesh and burn her with fire. ¹⁷ For God has put it into their hearts to fulfill His purpose, to be of one mind, and to give their kingdom to the beast, until the words of God are fulfilled. ¹⁸ And the woman whom you saw is that great city which reigns over the kings of the earth.”
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• Global stock markets braced for further turmoil after S&P downgrades Italy
  by Philip Aldrick and agencies, http://www.telegraph.co.uk/ 
  Global financial markets are bracing themselves for another day of turmoil on  Tuesday after credit ratings agency Standard & Poor’s downgraded Italy late on Monday night.
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  The news came after panic gripped global markets as a fresh showdown over Greece renewed fears that the eurozone will be plunged into crisis.
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  The rating for Italy, which has Europe’s second-largest debt load, was lowered from A+ to A, S&P said in a statement. The agency said the country’s net general government debt is the highest among A-rated sovereigns, and now expects it to peak later and at a higher level than it previously anticipated.
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  “In our view, Italy’s economic growth prospects are weakening and we expect that Italy’s fragile governing coalition and policy differences within parliament will continue to limit the government’s ability to respond decisively to domestic and external macroeconomic challenges,” S&P said in a statement. “The measures included in and the implementation timeline of Italy’s National Reform Plan will likely do little to boost Italy’s economic performance, particularly against the backdrop of tightening financial conditions and the government’s fiscal austerity program.”
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  S&P also said it lowered its outlook for Italy’s annual average growth to 0.7pc for 2011 to 2014, from a prior projection of 1.3pc.
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  The Italy downgrade wiped around 70 points off the 24-hour Dow. The euro/dollar slumped more than half a cent to 1.36. The FTSE 100 is now expected to open flat on Tuesday.
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  … for the full article click here!

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