June 2016

Europe is angry, and that is dangerous!

Steven LeBlanc
06 27 2016
A fractured Europe has always been a danger, to itself and the world. For the first time in its history we now have a major European nation electing to leave the Union of 28 nation-states (the EU)—what are the potential prophetic implications of a fractured Europe—which is openly growing angrier?

Europe is dangerous
Never forget that two world wars, which were essentially European wars, caused an unprecedented slaughter and devastation to millions of human beings, which included the extermination of six million Jews and other minorities in the Holocaust. Europe is dangerous. Don’t make the mistake that many make today, thinking Europe is mostly about cafes, great restaurants, honeymoons, and a multitude of historical sites. Europe is the “Bloodlands” of the world. It will become the hub of the Beast’s activities in the years ahead of us. A tyrant will rise in Europe who will drag the world into another world war. Pay attention to Europe!

After two horrific world wars European leaders were desperate to come together to avoid future bloodbaths. European integration was seen as THE remedy to any future threat of another world war. From the European Economic Community in 1957 to the European Union, the continent has made relentless efforts to restructure not only its economy but also most importantly, to work to keep the peace in Europe. Of course we have seen war in Europe recently. War in Bosnia and Herzegovina ended up in genocide against one of its ethnic people, the Bosniaks (the Bosnian War took place in Bosnia and Herzegovina between 1992 and 1995). And now we have the ongoing small grade war between Russia and Ukraine. The point I am attempting to drive home is don’t be so naïve to think that Europe will never again succumb to another shattering bloodbath.

So why did the British (United Kingdom of Great Britain-UK) choose to leave the European Union—with a population base of over 500 million people? Look at it this way–the UK is weary of seeing its money used to bail out the likes of Greece, Portugal or Italy in terms of their debt problems. And the British don’t want to take in refugees/immigrants from the Middle East—they don’t believe in importing terrorists no matter how generous the intentions may be of other Europeans who are embracing vast numbers from the world of Islam. Britain has said NO to remaining in the European structure –it wants to define its own fate—as opposed to bowing to the bureaucrats in Brussels. How well Britain will do on its own is yet to be seen.

Britain is important—it has a population of 65 million people– and don’t overlook the fact that the city of London, is one of the world’s largest financial centers. As Bank of America notes, post Britain’s vote to leave the EU, the Euro STOXX Index 50 experienced its largest ever 1-day loss after the British voted to leave the EU. UK Prime Minister David Cameron has resigned and the British pound is getting slaughtered. European bank stocks were crushed on the day of the exit, down 15–25%. U.S. Treasury bond yields made their biggest one-day jump ever, and oil is getting thrashed. The decision in Britain affects the whole world, including America.

The EU has been unable to forge a strategy that would fix massive unemployment in southern Europe and revive the stagnant economies in other parts of the Union. The EU’s founding treaty promised prosperity. It has failed. Germany has the healthiest economy in Europe, but even it struggles to flourish.

We live in a GLOBAL economy…money moves with relative ease around the globe to find the best returns. Chinese can buy U.S. real estate, Apple can sell iPhones in the Netherlands, and German owned BMW builds cars in South Carolina. Britain’s exit sends a message that countries need to rely not on Brussels, but on themselves. The great fear in Europe– as I write—and the Financial markets and the leaders of Europe are waiting to see as well–will other nations in Europe choose to bolt from the EU?

Nationalism on the rise in Europe
Nationalism (Nation first thinking), continues to make its impact felt across the Continent and will continue to rise. Nationalism is a commanding force. It’s the glue that holds people together especially in unclear times. It celebrates a country’s culture, history and religion. It instills national pride and a sense of strength while also, at times, creating a fighting spirit—which can, lead to the rise of dictators who take advantage of the people’s anger. This is what happened to Germany in the 1930s.

Concerning the European far right–Climbing in popularity in France is right-wing leader Marine Le Pen who is the leader of the National Front party. Ms Le Pen had told a gathering of far-right parties in Vienna: “France has possibly 1,000 more reasons to want to leave the EU than the English.” Ms Le Pen said the EU was responsible for high unemployment and failing to keep out “smugglers, terrorists and economic migrants”. “The European Union has failed as a political union,” she said. Le Pen called the continued flow of Syrian refugees into Europe “madness” and urged for an end to the open-border policy that is a hallmark of the European Union.

The mood in Europe is one of rising anger. The anti-immigration Sweden Democrats wrote on Twitter that “now we wait for swexit!” Kristian Thulesen Dahl, leader of the populist Danish People’s Party, said a referendum for Denmark to leave the union would be “a good democratic custom”. Dutch anti-immigration politician Geert Wilders said the Netherlands deserved a “Nexit” vote while Italy’s Northern League said: “Now it’s our turn”.

Beatrix von Storch, of Germany’s Eurosceptic AfD party, praising “Independence Day for Great Britain”, demanded that Mr Schulz (EU parliament President) and European Commission head Jean-Claude Juncker resign. Scotland’s First Minister Nicola Sturgeon has already said Scotland will have to re-evaluate what is best for the Scottish people in the wake of the vote.

Angry nations seek out strong leadership, but that does not always end well.

Revelation 17 reveals that a soon coming European power will comprise 10 nations working under the direction of a false Christian church. The Apostle John recorded this vision: “I saw a woman sit upon a scarlet colored beast, full of names of blasphemy, having seven heads and ten horns” (verse 3). An angel explained to John what the vision meant: “The seven heads are seven mountains, on which the woman sitteth. And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space. … And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast” (verses 9-12).

In prophecy, a woman symbolizes a church, and beasts represent governments. This vision shows a church-state bloc that has risen and fallen repeatedly in history: the Holy Roman Empire. Bible prophecy reveals that 10 kings will give their power to a single dictator, who is symbolized in prophecy as a ”beast”—a powerful, magnetic figure who will wield power for a brief period at the end of this age before the return of Jesus Christ (Revelation 17:12-14). That merging of power is connected with the arrival of a spiritual resurgence led by another charismatic leader (as described in Revelation 13), a false Christian leader of Catholic persuasion.

What is taking place in Europe is more significant than you recognize!

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Saudi Arabia's dangerous financial troubles

Steven LeBlanc06102016

Saudi Aramco – 12.5 million barrels per day– Saudi Aramco is by far the biggest energy company in the world, generating more than $1 billion a day in revenue

I am watching Saudi Arabia—Population of 32 million — Saudi Arabia is on the verge of its most significant change in decades.  The Kingdom is in financial trouble and is seeking to avert internal chaos.  Changes coming to this desert Kingdom have the potential to reshape not only the Middle East but also the entire world.

Saudi Arabia—and Aramco (the state owned oil company)—holds the world’s second largest proven crude oil reserves. Since the Saudi government nationalized Aramco, the company has become the tiara of the kingdom and the key catalyst behind Saudi Arabia’s economic wealth.  But now the combination of low oil prices and regional chaos directly threatens Saudi Arabia’s survival.  Saudi Arabia is not in disastrous straits at the moment; it has sufficient reserves—dollar reserves– to sustain the country for a few years. However, if these reserves do run out, it will face a mammoth political storm.  Saudi Arabia has gone through almost $100 billion in reserves the last few years. Reserves now stand at roughly $650 billion. It is bleeding foreign currency reserves and is seeking to stanch the “bleeding”.

The Saudis have been spending lots of money to keep the Arab world—from totally collapsing.  Many Arab states have either crumpled or been severely weakened. Saudi Arabia now confronts at least two key external challenges: Iran and the Islamic State—to fight them both costs vast amounts of capital.

Saudi Arabia has to spend a lot of money to keep up with its proxy war against Iran—its great enemy in the region.  Remember Saudi Arabia is Sunni—Iran is Shiite.  These nations do not fight each other directly but instead they wage expensive proxy conflicts throughout the region. When protests began in 2011 against the Iranian-backed regime of Bashar al-Assad in Syria, the Saudis used their oil wealth to back rebel groups, most of which are to erratic degrees jihadist, in order to attack the Assad regime.  All of this costs money.

In Bahrain, the Saudis intervened when protests by the Shiite majority population, also backed by Iran, imperiled the pro-Saudi Sunni monarchy. The Saudis are also involved in a military war in Yemen, where Iran is sponsoring Houthi rebels. Meanwhile, in Lebanon, the Iranians appear to have the upper hand.  Other than fighting proxy wars, Saudi Arabia also supports Arab states in battling economic havoc, including Bahrain, Jordan, Morocco, and Egypt.  As well, the Royal Family is attempting to lead a Sunni Arab coalition against Iran—and using their dollar reserves to buttress those relationships.  This is putting a tremendous strain upon Saudi foreign currency reserves.

So what is the strategy to build up cash reserves?  The Wall Street Journal reports the following:

“The planned initial public offering of oil colossus Saudi Aramco has kicked off a scramble among banks for a role in a deal that could generate $1 billion in fees and help define success or failure on Wall Street for years to come.

By virtually any measure, Saudi Arabian Oil Co., as it is formally known, is one of the largest enterprises on earth. Saudi Arabia has said the state-owned company could be worth $2 trillion to $3 trillion—roughly equal at its midpoint to the total market value of every other publicly traded oil and gas company in the world, according to S&P Global Market Intelligence.

Ever since Saudi Arabia indicated in January that it’s eyeing a public listing for Aramco, senior bankers at the world’s largest financial institutions have been swarming around the company’s headquarters in the coastal city of Dhahran seeking to ingratiate themselves with officials in the kingdom and win a piece of the biggest investment-banking deal ever.”

This strategy to take the nationally owned Saudi oil giant Aramco public is a clear demonstration of just how serious the Saudi financial crisis is.  So I am watching closely the upcoming public stock offering of the biggest oil company in the world (oil colossus Saudi Aramco).  And, always keeping in mind that Saudi Arabia is prophetically significant–We believe Saudi Arabia is home to the descendants of Ishmael: “He (Ishmael) will be a wild donkey of a man; his hand will be against everyone and everyone’s hand against him, and he will live in hostility toward all his brothers.”

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