Economic Powerhouse: Germany

Steven LeBlanc

Be sure to view the video above to better appreciate the seriousness of the European Debt Crisis.

The Bible prophesies a coming union of nations in Europe that will be the next global superpower. In the near future this coalition of nations will become a great military and economic power that will impact all the countries of the world.

This final resurrection of the Roman Empire (remember, the European Union was formed by the Treaty of Rome in March of 1957) will comprise nations led by ten kings [or leaders] who have no kingdom as yet but they receive authority for one hour as kings with the beast (Revelation 17:12). This beast power will then fight against Christ at his 2nd coming, making “war with the Lamb”—verse 14. Germany will play a pivotal role in this emerging Beast power.

In today’s world nations are judged according to the power of their military, and even more so by their economic might. Germany dominates Europe primarily because it is an immense economic power. German influence in the world is only now beginning to be fully appreciated. The German-dominated European Union is the world’s biggest single market. That’s why news out of Europe can cause major swoons in the American stock markets.

As Europe’s industrial powerhouse and the world’s second largest exporter; the German economy has single-handedly stopped the Euro zone from spiraling into a depression. It was the only European nation rich enough to save the European Union from imploding. Why was this so very important? The answer is economic in nature.

Europe is the world‘s largest exporter of manufactured goods, and is the biggest export market for more than one hundred countries. China and America need to do business with Europe. The European Union is the world’s largest trading bloc. If the European Union crumbles, then China and America will lose an important trading partner. This could trigger a global recession, as many American companies are heavily dependent upon selling their goods to the massive European market. The U.S. exported $268 billion to the EU in 2011. Total US investment in the EU is three times higher than in all of Asia.

It is imperative for you to understand that the global economy needs a dynamic, growing Europe. Germany is the driving engine of the European economy. Germany is the largest economy the European Union (EU) and the fourth largest in the world (America, China, Japan and Germany).

“Either the EU or the US is the largest trade and investment partner for almost all other countries in the global economy.” (see: Keep in mind that Germany is the supreme economy within the European Union.

If European economies continue to shrink, Europeans become poorer and demand fewer American goods. Recession in Europe will translate into a stronger U.S. dollar against foreign currencies. When the dollar is more expensive, American exports are less competitive. Another fear is that American Banks have considerable exposure to European debt. The Bank for International Settlements (BIS) reports that U.S. banks had $638 billion in “Other potential exposures”—including CDS and similar instruments—to Portugal, Ireland, Italy, Greece, and Spain (PIIGS).

It bears repeating…Europe’s economy effects all of us. Thus far Germany has been the savior of Europe in terms of its willingness to help economically devastated nations in Southern Europe. Germany will play an even more decisive role in the world economy in the months and years ahead. And prophecy tells us the coming European Beast power is an economic giant:

The Beast’s global trade will include “merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet…every king of precious wood, bronze, iron and marble…fine flour and wheat, cattle and sheep, horses and chariots [military vehicles and cars in our day], and even the bodies and souls of men” (Revelation 18:12-13).

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