Soros: Embrace Mass Centralization Of Power In Europe Or Face Another Great Depression!
- What we are about to see is the rise of the 10 horn beast, the Revived Roman Empire of endtimes Biblical prophecy!
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Daniel 7:7 (New King James Version)
7 “After this I saw in the night visions, and behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.
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Revelation 17:3 (New King James Version)
3 So he carried me away in the Spirit into the wilderness. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns.
– - Soros: Embrace Mass Centralization Of Power In Europe Or Face Another Great Depression
by Steve Watson, www.Infowars.com
Billionaire globalist George Soros says that the world will face a second Great Depression unless leaders in Europe come together in a closer political union to push through bold new policies, including the creation of a European Treasury.
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“It appears the authorities have reached the end of the road with their policy of ‘kicking the can down the road’,” Soros writes in a piece for Reuters. Soros argues that further integration in Europe is the only way to prevent catastrophic financial meltdown. “There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow.” Soros writes.
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“Once the principle of setting up a European Treasury is agreed upon, the European Council could authorize the ECB to step into the breach, indemnifying the ECB in advance against risks to its solvency,” the investor adds.
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In other words “The European banking system would be recapitalized and put under European-, as distinct from national-, supervision” he writes. Adding that such a move would require a new European Union treaty, Soros states “That is the only way to forestall a possible financial meltdown and another Great Depression.”
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Soros warned Europeans in countries like Germany, that while they may be unhappy essentially underwriting debts for reckless Southern European countries, they basically have no choice anymore. “The German public still thinks that it has a choice about whether to support the euro or to abandon it.” Soros writes, adding “That is a mistake.”
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“The euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the euro would cause a meltdown beyond the capacity of the authorities to contain.” the article continues.
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Asserting that prolonged recession with “incalculable political consequences” throughout the euro zone is already inevitable, Soros adds, “The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.”
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Yesterday, the president of the European Commission, Jose Manuel Barroso echoed the same sentiments as Soros, insisting that the economic crisis has turned into a “fight for European integration,” and calling for ” a new, unifying impulse” and “a new federalist moment”.
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“Economic and monetary union cannot function properly only on the basis of decisions taken by unanimity.” Barroso said, suggesting that the Commission and the EU should have full authority over the governments of member states to enforce rules via the EU “Community method”.
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In Washington, IMF chief Christine Lagarde essentially reiterated these sentiments, urging advanced countries to take radical steps to combat weak economic growth and high debt burdens. “Without collective, bold action, there is a real risk that the major economies slip back instead of moving forward,” she said in a speech ahead of the IMF and World Bank meetings of global financial leaders next week.
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… for the full article click here!
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