The Prospect of a Pandemic


Four Horsemen

Sometime around the tragedy that was 9/11, I started work on a series about the Four Seals of Revelation Chapter Six. Little did I know that events would subsequently occur that seemed to add confirmation upon confirmation that the four seals were actually being loosed in our day.

Today I have updated the series, in particular the article on the Fourth Seal, to cover the news of a disease that is now affecting most of the world – the coronavirus known as COVID-19.

For those of you not familiar with the articles, here are my website links:

Please bear in mind that most of this series of articles was written many years ago.  I have made some guesses, based on prophecy and known events, especially with regard to Israel. We need to keep watching and praying because there may be much more to come – God willing!

Banking is the Problem


Astounding summary of the world’s economic problem by a 12-year old girl. (See video below)

Also: The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations 

Source: http://theeconomiccollapseblog.com/

Note: This article comes from an American/Canadian source but it applies equally elsewhere. In particular, the European banking system is about as profligate and irresponsible as you can get; plus the Euro currency system was set up as a vanity project without any safeguards and it was INEVITABLE that this situation would happen. Our only hope is to abandon both the Euro and the EU, but I know that’s never going to happen. Continue reading

Festival of Drivel!


By PETER HITCHENS (edited)

Daily Mail  columnist Peter Hitchens visited the ‘OCCUPY’ protest camp outside St Paul’s and concluded it is a ‘chaotic, self-righteous festival of drivel’

Every crank, dingbat and fanatic in Southern England has found his or her way to the camp by the steps of St Paul’s Cathedral. Whatever your cause, it has a pavilion here, especially if it is a lost cause.

There’s a Buddhist shrine next to an arrow marking the direction of Mecca. Che Guevara, that old mass murderer, has his image on display. There’s propaganda against the  ‘persecution of sex workers’. The Socialist Workers Party, those latchers on to every passing procession, have a stall that looks a little too neat and tidy for the occasion. Bolshevik discipline doesn’t really mesh with the world of Twitter and dope.

There really are signs against ‘capitalism’, a word used only by people who still think you can change human nature, which you sort-of can if you have concentration camps and an effective secret police.

And there are other placards enquiring rather aggressively: ‘What would Jesus do?’ People who ask this question always assume that Jesus would agree with them. Well, I suppose it’s possible. But what would He agree with, exactly?

Stand here long enough and you will be pinned to the wall, or to a pillar, by lots and lots of nice but rather silly people.

  • There’s the man who thinks we invaded Iraq to punish it for not having a central bank.
  • There’s the man who thinks the clue to the greed of the City somehow lies in the Channel Islands.
  • And there are dozens of recently fledged experts on the wickedness of the City itself, though it is clear that this is a new concern for them. They are thrilled to have discovered that the City of London Corporation is so fantastically undemocratic. They had no idea that such wickedness still survived, and that they can be against it.
  • There’s the slender public schoolboy with the looks of a tragic Thirties poet who, handed a megaphone, emits five minutes of the higher drivel about nothing in particular. ‘We are the people,’ he claims, adding: ‘We have forgotten what and who we are.’  Speak for yourself, sonny!
  • And in these less religious times, battiness takes new forms. A dreadlocked man in a Rastafarian hat and glowing red trousers rages about world citizenship to an audience of perhaps 12, including me.
  • In the mighty porch of the cathedral, a group of furry people are listening to a man play the guitar. I am reminded of Tom Lehrer’s song: ‘We are the Folk Song Army. Every one of us cares. We all hate poverty, war, and injustice .  .  . unlike the rest of you squares.’

I’m sure that if I had waited long enough, I would have been taken to one side by enthusiasts for flatulent diets, speakers of Esperanto, or persons who think that The Key To Everything is to be found in the measurements of the Great Pyramid.

My nostalgic side hoped to run into advocates of opening Joanna Southcott’s box, which was supposed to be unsealed at a time of grave national crisis, in the presence of all the bishops (it was eventually found to contain an old lottery ticket and a horse pistol). But such enthusiasts are scarce nowadays.

The “Teach-In”

Later, as darkness and drizzle fall, and a general meeting of stupendous, award-winning tedium gets under way, I am reminded of that forgotten horror of the Sixties, the ‘teach-in’.

The people’s representatives (if that is what they are, as they don’t represent me) take an unbelievable amount of time to approve a bland statement about Egypt. They are, it turns out, in favour of democracy and against repression.

When I ask one – who has lectured me lengthily about the wickedness of the banks – what his qualifications are in economics, he concedes with a self-mocking smile that he doesn’t have any.

Where do they come from? It’s hard to tell, though a lot are obviously students with vague timetables. One says he works with autistic children, a rather noble calling. Wouldn’t he be doing more good if he went back to that? He doesn’t think so. To him, this is more important.

It’s impossible to dislike most of them, though I have to admit I carefully avoided the squad of four gaunt men with hollow heroin-abusers’ faces, dressed in war-surplus fatigues and kicking a football around.

And I tried not to meet the stern gaze of the astonishing bearded preacher, who strides backwards and forwards across the cathedral steps, expounding his own version of the Gospels, for hours and hours and hours.

If haranguing were an Olympic event, he could harangue for Britain. The only trouble is that – because he is always on the move – you would have to follow him backwards and forwards for several miles to follow his argument. As it is, you get a snatch of it and then it fades away, and then it starts again.

The camp is scruffy, ugly and dispiriting. The last time I saw so many of these bubble tents was in Mogadishu in the middle of a horrible famine, when many of them contained dying babies.

Now you can’t tell what or who is in them because they’re mostly zipped up tightly. Not having my own thermal-imaging device, I cannot be sure, but in several hours at the camp I saw little sign of life among the tents. (Photo actually taken with thermal imaging camera showing 90% of tents unoccupied at night.)

There’s a lot of sensitivity over the heat-sensitive pictures which seemed to show that most of them were empty by night. ‘They falsified it,’ a determined young man tells me, in between thrusting pamphlets at me and giving me a forbidding reading list.

Cannabis

Nobody made any great efforts to deny that a  lot of cannabis was being smoked. If there really was a war on drugs, I suspect the police could devastate the camp by simply enforcing the Misuse Of Drugs Act 1971. But of course there is no such ‘war’, and the police aren’t interested.

There’s quite a lot of smoking of ordinary cigarettes going on, an interesting reflection on a generation that prides itself on not being fooled by corporate greed and consumerism. So why did they fall for that bit of it?

It was time to go into St Paul’s itself. I had hoped for Evensong, the most beautiful and potent service of the Church of England.

It would have done the campers good to listen to the haunting, 2,000-year-old words of the Magnificat: ‘He hath shewed strength with his arm. He hath scattered the proud in the imagination of their hearts. He hath put down the mighty from their seat: and hath exalted the humble and meek. He hath filled the hungry with good things: and the rich he hath sent empty away.’

Someone might then have explained to them that this was a promise of eternal justice, not a programme for government. Alas, it was some other modern service, its bare, plastic language weirdly out of tune with the clouds of medieval incense and the gorgeous feudal robes of the clergy. And the sermon, like so much of the Church of England, was infected with modern Leftwingery and talk about ‘equality’, which sounds nice in theory but always ends up very nasty in practice.

From outside the giant doors, you could just hear the bearded preacher roaring distantly, like the sea.

And I contrasted the great classical majesty of the cathedral, one of man’s most successful attempts to combine reason, science and hope, with the chaotic, self-righteous festival of drivel outside. Yet there’s no doubt which of the two is closer to the mood of the modern world, more’s the pity.

Read more: http://www.dailymail.co.uk/debate/article-2058102/Occupy-London-Everyones-terribly-sweet–festival-drivel.html#ixzz1cw1iN08p

Vatican Calls for Global Bank


Vatican Calls for ‘Central World Bank’ to Be Set Up

Monday, 24 Oct 2011 | 6:54 AM ETBy: Reuters

The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.

A major document from the Vatican’s Justice and Peace department should be music to the ears of the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn. [Actually many of these people are well-heeled university students and seasoned protesters; their intention is to set off a “people’s revolution” that will overthrow conventional government and replace it with a form of Marxism.]

A major document from the Vatican’s The 18-page document, “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” was at times very specific, calling, for example, for taxation measures on financial transactions.

“The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence,” it said.

It condemned what it called “the idolatry of the market” as well as a “neo-liberal thinking” that it said looked exclusively at technical solutions to economic problems.

It called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions.

Such an authority should start with the United Nations as its reference point but later become independent and be endowed with the power to see to it that developed countries were not allowed to wield “excessive power over the weaker countries.”

Effective Structures

In a section explaining why the Vatican felt the reform of the global economy was necessary, the document said:

“In economic and financial matters, the most significant difficulties come from the lack of an effective set of structures that can guarantee, in addition to a system of governance, a system of government for the economy and international finance.” [Does this sound like control to you? It does to me. What exactly is an “effective set of structures” and how can they “guarantee” changes in financial affairs worldwide?]

It said the International Monetary Fund (IMF) no longer had the power or ability to stabilize world finance by regulating overall money supply and it was no longer able to watch “over the amount of credit risk taken on by the system.”

The world needed a “minimum shared body of rules to manage the global financial market” and “some form of global monetary management.”

“In fact, one can see an emerging requirement for a body that will carry out the functions of a kind of ‘central world bank’ that regulates the flow and system of monetary exchanges similar to the national central banks,” it said.

The document, which was being presented at a news conference later on Monday, acknowledged that such change would take years to put into place and was bound to encounter resistance.

[Please consider this final statement very carefully…]

“Of course, this transformation will be made at the cost of a gradual, balanced transfer of a part of each nation’s powers to a world authority and to regional authorities, but this is necessary at a time when the dynamism of human society and the economy and the progress of technology are transcending borders, which are in fact already very eroded in a globalized world.”

[The only two options here are a GRADUAL move toward a Global Bank or a SWIFT one that is now needed and apparently possible.]

We in the UK are already incensed that our Government is surrendering again and again to the demands of the Eurozone countries, not taking this opportunity to pull BACK from the “greater integration” that is being called for, but actually demanding MORE centralised control. What lunacy!

The Euro has been doomed as a currency ever since it began, and now that weaker countries are defaulting on their debts they are pulling everyone else down with them. But at least the UK is not in the Euro.

However, with ONE centralised global banking system (doubtless working towards one global currency) what protection will the well-managed economies have from profligate, defaulting, corrupt and badly-run economies? We’ll all be in the same (sinking) boat!!

The cry of “unity” can sound glorious on paper. It did so in the churches, until we realised that unity came with a price: centralised control, hence corruption and heresy. The only safety-net from the apostasy has been independence, and that is as true for the political world as it is for the Church.

Unity and oneness is all well and good when it’s wisely and fairly led, and when common concerns democratically overrule personal self-interest and the lust for power.

But since human nature is greedy and selfish the righteous go to the wall. We have learned that the hard way ever since we joined the supposed “common market” now turning into a behemoth called the United States of Europe. We are now more enslaved to the EU than we would have been if we’d lost the Second World War, and it’s been OUR foolish choice!!

I am writing this on the same day that our spineless lackey of a Prime Minister has gone out of his way to defeat a Commons Motion to have a referendum on Europe. This is the same Prime Minister who is bending over to do the bidding of his EU buddies, and pledging yet more billions to their doomed currency.

What is God saying to us in recent events?


On 29th September 2008, a day which “just happened” to coincide with Rosh Hashanah, the Jewish New Year, the American stock markets plunged by 7 percent, or 777 points. (See the chart below, courtesy of Bigcharts.com).

A financial analyst explains what happened that day: “The House of Representatives rejected the governments $700 billion bailout plan that the Bush administration had renamed as the $700 billion rescue plan in an attempt to garner more votes. The actual vote of 228 NO against 205 YES shocked the proponents of the bill and sent the Stock markets into a FREE FALL which … sent the Dow Jones Industrial Averages into its WORST DAILY POINTS DECLINE of 777 points or 7%, beating the 721 point plunge on Sept 12th following the Sept 11th terrorist attack.”

This date was also significant to me, since I had already been observing a sequence of events unfolding, hidden from the view of almost everyone or so it seemed. Could we grasp that behind this earthly activity was the hand of God, and that He had actually foreknown and foretold these events? To those “with ears to hear” there were alarm bells ringing.

Before going on to speak of that, I will bring it bang up todate with yesterday’s news. As you see from the screen shot of a financial website below, significant numbers are again showing up in the form of a 5.55 drop in Dow Jones and a 6.66 drop in Standard & Poor (S&P) index at close of business last night.

In addition, the lowest ebb of the Stock Market following the 2008 crash was a 666 point low in 2009.  “On March 6th the S&P traded as low as 666. This was a new 12 year low and since then it has rallied higher by over 170 points, trading as high as 845.”

These numbers are NOT COINCIDENCE!

God is trying to get our attention I believe, and this strange number sequence started further back, in 1994 to be exact.

Following a long build-up taking decades of time in the churches of the world, the spirit of error finally found an open door in Toronto to enter the world fully-formed, ready to prepare the way for the final delusion. When that spirit found willing minds and bodies to possess, it loosed on the world what has become known as the “Toronto Blessing”, an impartation so strong that it has rendered men dumb, lame and blind and turned rational people into howling animals and screaming banshees.

This began at the Jewish New Year 1993 with events at the then little-known Toronto Airport pentecostal fellowship. By early 1994 a spirit arrived that turned the church upside down.

It was one of those watershed moments from which there is no turning back.

Below is a potted history extracted from a manuscript by Margaret M. Poloma from the University of Akron:

  • Pre 1987 – Claudio Friedzon, an Assemblies of God pastor in Argentina, was in the centre of [false] revival sweeping through parts of Latin America.
  • 1987 – Howard-Browne brought his “laughing revival” to the United States from South Africa and gives an “impartation of spiritual anointing” to Claudio Friedzon and many other well-known charismatic ministers including Kenneth Copeland, Karl Strader, Bud Williams, Oral Roberts, Charles and Frances Hunter, and Kenneth Hagin.
  • 1993 – November, Toronto Airport Christian Fellowship’s senior pastor John Arnott travelled to Argentina for a conference where he was prayed for by Claudio Friedzon and received an ‘anointing’. This resulted in a brief experience of some manifestations back at Toronto.
  • 1994 – January, Randy Clark (who received his “impartation” from Rodney Howard-Browne at Rhema Bible Church in Tulsa) spoke at the Toronto church and what resulted is now known as the ‘Toronto Blessing’ or ‘Father’s Blessing’.

At the time I suspected there was more meaning in this event than just another outbreak of false revival. As I studied and researched this intensely, seeing its forbears throughout history, I saw it as a major turning point in the steps this world was taking towards the End. It was the opening of a door and there would doubtless be other significant events to follow.

Sure enough, seven years later, in September 2001 the world had another watershed moment of history when decades of unrest, hatred and terrorism erupted in the 911 Twin Towers disaster.

Not until seven years later, in Sept/Oct 2008, was I totally sure that I was seeing something prophetic. But then the third event in the sequence occurred. In 2008 there was another watershed moment that changed the course of this world – a global financial crash and a recession from which we will never recover despite all the rhetoric they throw at us.

As I said at the beginning, the numbers involved were not coincidental because they were like flags waving, to alert anyone with spiritual understanding to listen and consider! This was not just a random event, but a SEQUENCE  that we had already been warned of:

  • First, a global delusion that increasingly clouds biblical truth and ensnares millions to a dominionist agenda.  And seven years later:
  • Second, a terrorist act releasing a spirit of violence that grips the world’s populations like never before. And seven years later:
  • Third, an economic crash that increasingly leaves poverty and want in its wake.

Where have we seen this sequence of events before? Of course the answer is in the Book of Revelation. As Jesus opens each successive seal on the scroll that eventually reveals the inheritance of Israel, he looses from Heaven a spirit-power that is sent to make preparation for judgement.

That being the case, we need to look at the NEXT seven-yearly event (if God does not shorten the time) which is the loosing of the spirit of death and hades. 2015.

By a timing of events that is, again, not a coincidence, the next seven-year event in the sequence will be marked by a set of four back-to-back eclipses (called a “tetrad”) happening exactly on the Jewish Feast Days! (The only other times this happened in the last century were at the birth of the nation of Israel and her War of Independence in 1948 and the Six Day war of 1967).

In 2014 and 2015 there will be 4 blood moon total lunar eclipses all falling on feast days. Also note that in 2015 there are 2 lunar and 2 solar eclipses ALL on significant days.

1. Passover, April 15, 2014
2. Tabernacles October 8, 2014
3. Passover, April 4, 2015
4. Tabernacles, September 28, 2015

There are also FIVE solar eclipses from 2008 to 2015 that align on significant dates.

1. Tamuz 29/Av 1: August 2, 2008 August 1, 2008 Total eclipse
2. Tamuz 29/Av 1: July 21-22, 2009 July 22, 2009 Total eclipse
3. Tamuz 29/Av 1: July 11-12, 2010 July 11, 2010 Total eclipse
4. Adar 29/Nisan 1 (Beginning of the religious calendar): March 20-21, 2015 Total eclipse
5. Rosh Hashanah: September 14, 2015; September 13, 2015 Partial eclipse

Putting two and two together, it seems that this period of time is highlighted in God’s calendar in more than one way. Since the other two tetrads had to do with an attack on Israel, will Israel again be plunged into a bloody war?

And  the fourth seal of Revelation finalises the four-horsemen part of that sequence. Thereafter we are looking at a short-lived but violent persecution followed by the appearance of the Lord in the Heavens and the Resurrection/Rapture!

All of these things need more than a blog entry to fully explore, but it’s about time I nailed my colours to the mast more firmly. I do not believe that what we are witnessing in society, in the skies, and in the earth is random or meaningless.

Let’s consider these things soberly and with an open mind!

Eurozone Crisis could prove to be “Global Earthquake”.


‘It’s going to be Lehman on steroids’

In an unusually stark warning, the head of the European Commission said leaders must find a convincing solution to Greece’s debt crisis when they meet today or the global economy will pay a heavy price.

Get a grip’, Chancellor urges EU leaders as they meet in last-ditch talks to save the euro amid debt crisis that ‘threatens Britain’

(Daily Mail 21st July 2011)

  • Nicolas Sarkozy makes ‘pact’ with Angela Merkel to gain German help
  • Crunch talks in Brussels could lead to death of euro if there’s no agreement
  • Osborne says crisis could lead Britain into recession as serious as 2008
  • British banks have £200bn tied up in weaker economies that risk default
  • UK homebuyers face costlier loans due to Greek, Spanish and Italian debt
  • Chancellor calls for single eurozone bonds
  • Clegg: ‘We are an not island economy. We can’t turn our back on the world’

George Osborne, The UK Chancellor of the Exchequer, urged European leaders to ‘get a grip’ when they meet today in a bid to resolve the debt crisis and warned that if action was not taken, ‘we see the potential for a set of economic events that could be as damaging as 2008

German chancellor Angela Merkel and French president Nicolas Sarkozy met and are believed to have made an agreement. One result of their talks announced this morning was a limited DEFAULT on the debt, but where that leads nobody can predict. It’s a very rocky road for all the other EU partners.

And, although Britain does not use the single currency, he said failure to deal with the financial calamity could engulf the UK. David Cameron said Britain faced ‘very bad consequences’ unless decisive action is taken.

Amid mounting fears that the economic recovery could now be reversed unless other countries start to get on top of their massive debts, Mr Cameron warned of a lack of leadership over the issue. That appeared to be a swipe at the French and German leaders ahead of the crunch Brussels summit. Others have echoed this feeling.

America Indecision

To add to the instability, American politicians appear unable to reach agreement on a move to raise government debt limits.

Former Treasury secretary Lawrence Summers warned last night of a ‘financial Armageddon’ and a worse economic crisis than in 2008 if a deal is not struck.

It’s going to be Lehman on steroids,’ Mr Summers declared, a reference to the bank that collapsed and triggered the first crisis. Without agreement by August 2, the U.S. government will have to impose immediate spending cuts of about 44 per cent to stave off a default on its huge debts.

CHRISTOPHER BOOKER: The euro now threatens the world with economic meltdown

 “No EU leader has ANY practical idea of what can be done to halt this gathering catastrophe.”

While Britain has seemingly been transfixed by ‘Murdoch-gate’, rolling down on us all like a tsunami is a crisis so immeasurably greater that by comparison it makes the misdemeanours of a few journalists, policemen and politicians look quite irrelevant.

Today, as the eurozone’s leaders gather in Brussels to discuss yet another bail-out for Greece — whose borrowings are expected to reach 172 per cent of its GDP soon — they do so against the background of a stark warning from the IMF that Europe’s runaway debt crisis is now threatening a global ‘earthquake’ that could wipe £400 billion off the value of the economies of the world, including our own.

A study by the think-tank Open Europe finds that the European Central Bank alone, in charge of the euro, now faces liabilities of £444 billion — a third of the entire value of Britain’s economy.

As this colossal shadow looms ever larger over our future, two things become clearer by the day. First, no one has any idea of just what mind-boggling sums are now at stake in this crisis.

The second is that no one — not the EU’s leaders, not the world’s bankers, not those in charge of institutions such as the International Monetary Fund or the European Central Bank — has any practical idea of what can be done to halt this gathering catastrophe.

Germany and the Netherlands are fiercely opposed to another massive Greek bail-out — some £400 billion is being demanded this time — arguing that private investors should now be made to weigh in and help. The European Central Bank is, however, utterly opposed to the involvement of private investors.

The likelihood is that the EU’s leaders will again come to some form of hopeless compromise that will temporarily save their faces, but will act only as a sticking plaster.

The truth is the politicians and the money men run around like headless chickens while Europe is on the point of being sucked down into a black hole, the depth of which no one can begin reliably to guess at.

Not a month goes by without further mountains of debt emerging into view — as Spain and Italy join the list of debtors headed by Greece, Ireland and Portugal. Gone are the days when it could be imagined that the richer countries of Europe, led by Germany, could happily afford to bail out the sums run up by the reckless borrowing of their poorer colleagues.

So vast is the problem that it is becoming obvious all the money in Europe couldn’t hope to solve this crisis, which threatens not just the countries of the eurozone, but also many other nations with an economic meltdown without historical precedent.

And all this has ultimately been brought about by the determination of Europe’s politicians to cling on, at almost any cost, to the most reckless single blunder in their 50-year-old dream of building what amounted to a ‘United States of Europe’.

It was way back in the Seventies, as they looked for new ways to ‘integrate’ Europe, when they first came up with the idea that there could be no more dramatic way to symbolise their dream than to unite Europe round a single currency.

This dream was never based on any hard-headed financial calculations. It was always just a political project, a way to weld all the different countries unshakeably together by giving their ‘Europe’ that supreme defining characteristic of a nation state, its own money.

Yet even in those early far-off days there were more practical men who warned that such a breathtakingly ambitious project could only work if ‘Europe’ was given a fully-fledged ‘economic government’, with the power to shift vast quantities of money and other resources from the richer countries to the poorer, in the hope that all their inequalities of income and economic performance could eventually be levelled out.

This was precisely the magisterial advice given by Sir Donald MacDougall, a top Treasury economist, when in 1978 he was commissioned by Roy Jenkins, then President of the European Commission, to produce an official report on the implications of any attempt to create a single currency.

But so intoxicated became Europe’s politicians by their political vision that when, in the Nineties, the foundations for the single currency were laid by men such as Jacques Delors, Helmut Kohl and Francois Mitterrand, all these hard-headed warnings were brushed aside.

And when their beloved euro finally came into being at the end of the 20th century, the script unfolded exactly as the sterner critics had predicted.

Right at its heart, the single currency was based on two crucial flaws. On the one hand, its founders took pride in the fact that all the countries which joined it could borrow money at a single, low interest rate.

This would assist the richer countries, such as Germany, to become even richer, by allowing their industries to expand. But it would also encourage poorer countries, such as Greece, Ireland, Portugal and Spain, to finance their own expansion by borrowing ever more recklessly.

We could be entering the darkest time the world has seen since World War II

Hitherto, when countries faced the crisis that would inevitably follow from such wild overspending, they had two ways to stave off disaster. One was that they could jack up interest rates to halt the crazy overborrowing.

The other was they could allow their currency to devalue, enabling them to recover by selling their goods and services more competitively abroad.

But for all those countries locked into the strait-jacket of the euro, neither of these steps was available to them anymore.

Exactly as predicted, the Greeks, the Irish, Portuguese, the Spaniards and others all borrowed hundreds of billions of cheap euros as if there was no tomorrow — enabling each of them to enjoy runaway economic booms, which were hailed as wonderful examples of how ‘Europe was working’.

But, eventually, as we have seen in the past two years, came the dreadful and entirely predictable nemesis, when those debts piled up to quite unmanageable levels. And what has been the response of those in charge of the euro?

The only thing they could not contemplate was that they should admit their great experiment had failed, and that they should allow all these bankrupt countries to drop out of the project which had brought about their downfall and find their own answer to their problems by regaining the power to control their own currencies.

Instead, they have resorted to the final desperate measure of attempting to bail out the countries in crisis by chucking at them ever more astronomic sums of money, which the hapless recipients have little or no prospect of ever being able to pay back.

And before we console ourselves that at least Britain has managed to stay out of this catastrophic experiment, let us remind ourselves just how horribly we, too, have become entangled in this disaster.

Last week, our MPs were asked to vote, without a debate, to double our lending to the IMF to £20 billion.

This is just one of the many ways in which we and our own economy are now being drawn into the same bottomless pit of international lending, supposedly to rescue those countries already facing bankruptcy  by handing over to them astronomic sums of money which they can almost certainly never repay.

The IMF warns that this crisis will set off an earthquake that could not only wipe hundreds of billions of pounds off the global economy, but which could well do it such damage as to make the banking crisis of 2008 look like a mere hiccup.

We could be entering the darkest time the world has seen since World War II. And the terrifying fact is that, as yet, not one of Europe’s supposed leaders has the slightest idea what to do about it.

How much easier it is to indulge on sanctimonious hysteria over the misdeeds of an octogenarian media tycoon.

Read more:  European Debt Crisis

Greece in turmoil as entire EU zone hovers on brink of disaster


Exactly 80 years ago, in the summer of 1931, an international banking disaster sent the Western economy into freefall and the resulting political anger led to the rise of Hitler and the Nazi party. We all know what happened next.

Today, we are facing a similar situation. Riots in Greece are just the tip of an unsettling iceberg.

Although the street violence and protests in Greece may seem like yet another far-away irrelevancy in an increasingly unstable world, we would do well to consider the implications for us all.

The fanciful idea of creating one “nation” called Europe with a united government, army, court, president and economic system has finally begun to show the flaws that were always at its heart. Corruption, greed, and the lust for power has meant that the ‘Great Federal Dream’ of unity is shattering into uncontrollable pieces.

The economic crisis that wasn’t supposed to happen took the Euro-zone by surprise and exposed the fact that it had no contingency plan. Thank God that the UK had the sense to stay out of the European Monetary System!

Yet, if the EU countries fall into irreversible debt and the rest of the world loses faith in the Euro it will affect the UK just as much as anywhere else. We have made ourselves slaves to the EU in every respect, and we would go under just as quickly.

When Greece joined the Euro zone ten years ago, they splashed out like there was no tomorrow and lied about their debts. Just like Ireland, Portugal and Spain, they took advantage of lavish funding and low interest rates to prop up their economies. It couldn’t last.

When the credit crunch slammed every financial system into the wall it was revealed that Greece’s public debt was a staggering 130 percent of its GDP. (Britain’s is “only” 76 percent!)

And there was nowhere to turn. Greece, just like the other EU countries, no longer had the luxury of managing its own financial affairs because it was tied into the Euro.

The EU and the IMF had to start bailing out failing countries – Ireland (85 billion), Portugal (78 billion) and Greece (110 billion and now begging for another 75 billion) – but it isn’t enough. The debt runs into trillions and there just isn’t enough money in the EU to shore up the debts.

Austerity measures were deeply resented in Greece and political unrest followed. The gravy train hit the buffers – as we always knew it would – and the result is chaos and anger. Where will it go next?

This is a crucial turning point for Europe. Will the Euro survive as a currency? And if it does not, how can so many countries that have abandoned their national currencies and financial independence go backwards in time?

Will the economic turmoil spread to other countries in Europe? Will widespread hunger, poverty and unemployment have the same kind of consequences that it did in the 30’s?

And in the UK we can only sit on our hands and wait, because if the European Union that we have been foolish enough to join begins to go under, then it will drag us with it.