After this I looked, and, behold, a door was opened in heaven: and the first voice which I heard was as it were of a trumpet talking with me; which said, Come up hither, and I will shew thee things which must be hereafter.
World Economic Update: December 2011
By David and Willie Hauser
The European psychodrama continues. It has been a two year spectacle of procrastination, dithering, and missed opportunities. Central banks do not employ emergency steps unless there is an emergency. This week European Central Bank President, Mario Draghi initiated bold measures to prevent a global credit crisis. Five hundred and thirty two banks borrowed $489 billion euro from the ECB. Interbank lending had become prohibitively expensive. The central bank’s loan program only addresses the symptom of plunging liquidity. Comatose economies like Greece need to boost their competitiveness and create a more streamline government that is friendlier to business. What is the root cause of the problem and is there a solution?
When we think of the European debacle of 2011 it is quite different from the American crisis in 2008. The United States of America was credit worthy in 2008, and the survival of the dollar unquestioned. Europe more resembles the U.S. in 1777 under the Articles of Confederation. Back in 1777 the colonies were not a cohesive unit. The Articles of Confederation set the stage for the U.S. Constitution, which bound the original colonies under the supervision of a strong Federal government. The Europeans may be using this crisis to create a super state, a United States of Europe. There is concern in financial circles that this new found money that was funneled to these banks through the ECB will be invested in more toxic sovereign debt of dubious value.
The emergency European summit on December 9, reinforced the concept of austerity at all costs. Angela Merkel the German Prime Minister and Nicolas Sarkozy, President of France, affectionately know as “Merkozy” finally agreed to implement strict budgetary guidelines across the Euro-zone. Angela Merkel pointed out that in a system where “sinners” continue to judge themselves there would be no fiscal discipline at all. Only a supranational body such as the European Commision could insure compliance.
One look at the social unrest in Greece gives us a clear picture of where this is headed. Austerity breeds economic stagnation. With the formation of the European Union, low cost loans became available. The Greek government was able to cover deficit spending and uphold a national pastime of not paying taxes. With the help of investment bankers they also cooked the books to make things look better then they actually were. This is why the Germans who tried conquering Europe by force in World War Two are exasperated. Conquest by currency may work for a while, but there is a good chance the euro will fall apart before it gets that far. In the last update, we quoted the German Finance minister. If you read between the lines, the Germans intend to use this crisis to create greater political and financial integration. The Finance Minister also suggested that the Europeans need a President of Europe duly elected by the people.: Shades of Antichrist!
A recent study by Mr. Atkeson, a professor of economics at UCLA looks at the volatility of bank stocks. His premise is that this is a barometer which forecasts major economic contractions. His study covers the years 1926 through 2011.
In normal times volatility stays below 1% and sometimes goes as high as 2%. It rarely goes above 3% unless something dreadful is about to happen to the economy. During the panic of October 1929, it approached 9%. The fear subsided after the initial crash but steadily climbed to 4% then 5% in 1932. By then the banking system had collapsed. During this crisis, President Franklin Roosevelt declared a national bank holiday.
Fast forward to the crisis of 2008 where it rose to over 7%. and then came down to normal levels. As we enter 2012 it is over 4% heading to 5%. When the stock market went up almost 500 points on November 30, 2011 and days later went down 300 points, this is an indication of bank stock volatility. It appears to be a indicator of the coming global economic collapse that will set the stage for the coming Antichrist and the one world monetary system.
Those of us who follow the direct correlation between the words of the ancient Hebrew prophets and current day events are not surprised. My twin brother Willie and I wrote the Last Trumpet newspaper in 1980. It dramatized future events including the Russian invasion of the Middle East, the rapture, the rise of the antichrist, the coming one world government all the way through the Battle of Armageddon and the Second Coming of Jesus Christ. On the back cover is a clear presentation of the gospel featuring Isaiah 53.
John McTernan helped us distribute thousands of copies in the early 1980’s. In 2008, during the economic meltdown, John called and strongly encouraged us to reprint the paper, which we did. Now, an additional 50,000 copies have just been printed.
We now have a new website www.lasttrumpet.info. This website links to John’s website www.johnmcternan.name and www.nowtheendbegings.com and our website www.thesermon1741.com. Our website features Johnathan Edward’s famous sermon “Sinners in the Hands of an Angry God”. We can send the “Last Trumpet” newspaper anywhere in the world for free. Please just tell us how many you can use along with your name and address. Our e-mail address is on the website.
Also, I have been saving a scrapbook over the last 25 years. In the scrapbook, I have copies of newspaper articles that are directly connected to bible prophecy. I started doing this a few years after publishing the Last Trumpet. I now have over 30 articles that speak on the same subject in the same words as found in the Last Trumpet! When I show the articles to people, they think we found them and then wrote the paper. This is not the case. The following are quotes from the Last Trumpet.
“Banks Folding Conspiracy Suspected”…The group consists of a handful of men that control banking and industry. They realize that if they can grind the economy to a standstill, the people will be desperate for a leader. The Commission will provide a leader with charisma and intellect that will put the world back on its feet.”
The second article: “Europeans Unite and Elect First President”
”In a vote of the ten member Federation Congress , an international political figure was elected to institute what some leaders say are drastic changes needed to head off a worldwide political collapse.” It appears that the stage is set, all the actors are in place and we are about to begin mankind’s last great act in this historical drama.
The Jewish people at the time of Christ had the scriptures. They understood from the prophecies that the Messiah was coming. Unfortunately, their whole focus was on the coming of the King Messiah. They did not understand that he would first come to die for their sins as the Suffering Messiah. Their focus was on the second coming not the first. Most of the Church is making a similar mistake. They focus on the first coming and ignore the signs that will herald the Second Coming. If we really believed what the scriptures say about the coming apocalypse, we would take action.
Please pray for us…..God Bless…..Dave and Willie Hauser
James 5:7 Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain. (8) Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.