News Review - 18 Jan 2019

EU bubble doomed to burst… Brussels on ‘cliff edge of disaster’ … London, Washington & Paris on brink of collapse:
Are we approaching…

“The Time of Monsters?”

Many analysts feel that we are dangerously close to world changing events. One man warns:

“The old order is dying; the new one cannot be born. If we are not careful we will soon be alive in the time of ‘monsters’.(

Monsters? Dictators? In The 21st Century?

Is it really possible?

Many are warning that major changes are about to happen in the world, both politically and in the world of finance.

The modern banking system practices what is termed fractional-reserve banking. Banks keep only a fraction of their deposits set aside as reserves to conduct day-to-day transactions. The remainder of the deposits are used for interest-paying loans. In other words, they lend out cash which is not theirs, on which they charge interest.

Does that sound honest?

If you think that is dishonest, what about the way central banks, such as the Federal Reserve and the Bank of England, simply create more money out of thin air. They call the process “ quantitative easing” - sounds professional, but it debases the currency (please do not try this at home, they would lock you up and throw away the key!!).

If all the bank customers were to try to remove their cash from their bank, this would be called “a run on the bank” - the bank would simply close its doors. They could not possibly pay out!

This might be regarded as standard practice in today’s world, but is it ‘righteous’? Remember the warning from Roger Babson, way back in 1920. In his Autobiography, Mr Herbert Armstrong has this to say:

“I looked to the source which determines future conditions. I have found that that source may be defined in terms of ‘righteousness’.

When 51% or more of the whole people are reasonably ‘righteous’ in their dealings with one another, we are heading into increasing prosperity. When 51% of the people become ‘unrighteous’ in their business dealings with their fellows, then we are headed for bad times economically!

I have never forgotten Mr. Babson's explanation. I hope my readers today MAY REMEMBER AND PROFIT BY IT, TOO.( The Autobiography - Chapter 12)

The Corrupt Banking System

Today, we are well past the “ 51% unrighteous” mark. The whole financial system, both banking and the stock market, is steeped in corruption. Many analysts are predicting a great financial crash, a big enough crash that will change the balance of power in the world.

We were given THIS warning by Mr Armstrong over thirty years ago:

“… I can see now the event that is going to trigger the formation of reunification in Europe ; the resurrection of the Medieval Holy Roman Empire that we’ve been looking forward to that is prophesied to come.

…I believe that some event is going to happen suddenly just like out of a blue sky that is going to shock the whole world and is going to cause the nations of Europe to realize they must unite.

…Well, now I think I can see what may be the very event that is going to trigger it and that is THE ECONOMIC SITUATION IN THE WORLD.

Now when the financial structure breaks down, ALL CIVILIZATION IS GOING TO BREAK DOWN. I just wanted to say that much - maybe you can begin to see how serious this thing can become !” ( Sermon - 7 July 1984)

Is That Warning About To Come To Pass?

The following articles show that some “experts” foresee a great financial crisis – and coming soon. Trade wars are underway. The dollar looks like it could lose its reserve currency status, and the USA could even lose its triple AAA financial rating.

Those at the top of the financial world are concerned – very concerned!

The head of the IMF (International Monetary Fund), Christine Lagarde pointed out that global debt (public and private) had increased by sixty percent since 2007 and now equalled $182 trillion. Whilst almost no one predicted the financial crash of 2008 there is widespread debate about another crash perhaps even worse.” (

Here are some leaders’ views about the near future…

EU Bubble Is Doomed To Burst In 2019

The European Union is about to implode this year, investor Mitch Feierstein has predicted in a New Year episode of the Keiser Report. He also reveals which country will become the next Greece – and the answer may surprise you.

This year will be harsh for Europe not only due to Brexit, because other member states besides the UK could also bring the bloc down, according to Feierstein. Nationwide protests in France are only the first sign of looming wider unrest, the analyst told RT’s Max Keiser.

You are gonna see global unrest. I think you’ll see it as a feature in Italy when the EU tries to bully them,’ the British-American investor noted, citing infective ‘draconian austerity measures.’

However, not only Italy but also France could follow the fate of debt-ridden Greece, Feierstein warned, noting the low approval rating of President Emmanuel Macron, skyrocketing unemployment, and huge wealth inequality in the country.

Italy has got four trillion in loans they said they are not going repay… France has got a similar situation but they’ve got civil unrest with the population burning down Paris. So one of them will leave,’ he predicted.” (

Brussels On 'Cliff Edge Of Disaster'

“The European Union is on the ‘cliff edge of disaster’ and the ‘popular revolt’ against the Brussels bloc ‘cannot be blamed on Brexit’, Brexiteer Bernard Jenkin has said as he urged MPs not to collude with the EU in an effort to force Britain into a second referendum. ‘Popular revolt against the immovability of the established EU consensus in the rest of the EU cannot be blamed on Brexit.’

He added: ‘ The EU is a profoundly undemocratic and unaccountable institution whose biggest project, the euro, has inflicted far worse disaster on business, individuals and families in many countries than even the direst Treasury forecast for the UK.’

‘And the economic and political storm clouds are still just gathering over the EU. It is the EU which is on the cliff edge of a disaster, not the UK’.(

Yellow Vests Hope To Trigger Bank Run

The power of protesters cannot be underestimated:

“Yellow Vest protesters are hoping to trigger a bank run with a nationwide coordinated cash withdrawal. By threatening the French financial system, protesters say, they want to peacefully force the government to pass their reforms.

‘If the banks weaken, the state weakens immediately,’ said Yellow Vest ‘sympathizer’ Tahz San on Facebook. ‘It’s elected officials’ worst nightmare’.” (

US Dollar Dominance Jeopardized

“The cementing of relations between Moscow and Beijing means a new multipolar world with more bilateral trade and different centers of currency concentration and power, according to RT host Max Keiser.

He says that the new Russia-China alliance could not be taken on by the US militarily which means that ‘ the US dollar is in grave jeopardy of losing its status as the world’s reserve currency.

Washington is ‘very aggressive in defending its currency, it tends to bomb anybody who tries to ignore the dollar,’ Keiser said, adding that if Russia and China pull off the alliance then the greenback will start crumbling.

So, this is a totally new century, we’ve got a new multipolar world, the US really has to start tap dancing to a different tune if they want to participate or be left out’.” (

Russia: The Great Dollar Dump

Russia has been dumping the dollar. Debt-wise they are way more financially stable than the USA. While US debt is over $21 trillion, Russia’s debt is around a mere $200 billion.

“The Central Bank of Russia has moved further away from reliance on the US dollar and has axed its share in the country’s foreign reserves to a historic low, transferring about $100 billion into euro, Japanese yen and Chinese yuan.

The share of the US currency in Russia’s international reserves portfolio has dramatically decreased in just three months between March and June 2018, from 43.7 percent to a new low of 21.9 percent, according to the Central Bank’s latest quarterly report, which is issued with a six-month lag.” (

China’s Yuan To Challenge The Dollar

“The US dollar may one day be rivaled by the Chinese national currency – the yuan – which is likely to become a major global reserve currency, according to the governor of the Bank of England (BoE), Mark Carney.

I think it is likely that we will ultimately have reserve currencies other than the US dollar,’ the UK top financial official claimed during an online question-and-answer session carried out as part of the Bank of England’s Future Forum.” (

China’s Gold Backed Petro-Yuan Challenges US Dollar Hegemony

“Its introduction poses the first ever challenge to petro-dollar dominance.

China is the world’s largest oil importing/consuming nation. Gold-backed petro-yuan futures trading began Monday on the Shanghai International Energy Exchange, part of the Shanghai Futures Exchange – letting Chinese and foreign traders buy oil in yuan instead of dollars.

For the first time, petro-yuan trading challenges the Wall Street/London-dominated oil petro-dollar futures market longer-term.

US-sanctioned nations Russia, Iran and Venezuela can benefit by avoiding oil trading in dollars. Over time, US sanctions could be neutralized, its attempt to dominate other nations economically and financially weakened, perhaps bypassed by targeted countries, avoiding dollar trade entirely.” (

Beginning Of The End?

“The sell-off wave that has hit US equities this week is also affecting the world’s other economies, veteran trader Jim Rogers has told RT. The investor is predicting a ‘very bad’ bear market ahead.

America is the largest debtor nation in the history of the world and the largest economy in the world. So, what it does, affects other large economies like Japan or Europe. If America has a problem, everyone has a problem,’ Rogers said.

Crises usually start in smaller places, and this has already begun. Argentina, Turkey, Venezuela, Indonesia have already been collapsing, and it could be the beginning of the end, Rogers said.

Trump has said the Fed ‘has gone crazy,’ and that the Fed was ‘going loco’ about rising rates. Rogers says that Trump is wrong about his attitude to the Fed’s policy.

‘The truth is the Federal Reserve did go crazy a few years ago and drove interests rate down to zero which had never happened in history. Now, they are trying to get sanity back and raise them to the proper level,’ Rogers noted.

The Fed was set up to be independent from politicians and their pressure, he added. The analyst also noted that Trump’s foreign policy is making China, Russia, Iran and Turkey closer and that ‘ it may hit America in the long run’.” (

US Risks Losing Triple-A Sovereign Credit Rating

“The ongoing government shutdown in the United States could soon start to negatively impact the country’s debt ceiling, ratings agency Fitch said. The US runs a record deficit and pushes overall borrowing past $22 trillion.” (

'Winter Is Coming’: Another Crash Looms

It is obscene that governments are failing to make changes needed to avoid another global financial crash despite many economists warning that one is coming, writes Ken Livingstone.

Back in October, the International Monetary Fund and World Bank had their annual meeting in Indonesia, where Indonesian President Widodo told the plenary session: ‘With all the problems that the global economy currently faces, it’s appropriate to say that winter is coming.’

He was followed by the head of the IMF, Christine Lagarde, who pointed out that global debt (public and private) had increased by sixty percent since 2007 and now equalled $182 trillion. Whilst almost no one predicted the financial crash of 2008 there is widespread debate about another crash perhaps even worse.

About once a decade a financial crisis occurs and since 2008 central banks have encouraged a big increase in share prices and property value by cutting interest rates and generating vast amounts of new money called quantitative easing.

Edward Bonham Carter, vice chair of Jupiter Asset Management, warned: ‘The party is coming to an end. Remove the crutches that have supported global growth for a decade, throw in a trade war between the two largest economies, add a dash of wage inflation and a side dish of Brexit and you have a recipe that may prove rather unpalatable to global markets in 2019.’

In the US, Google, Microsoft, Netflix, Facebook, Apple and Amazon have cornered two thirds of the global stock market returns so far this year. In no way is that sustainable.

China’s economy has begun to slow and Europe’s biggest economy, Germany, has gone into reverse. After the boost to the US economy when President Trump slashed taxes for the rich, economic growth in the US is expected to slow down next year to 1.9 percent next year.

Americans are nervous which means they are buying less and saving more. This has led the IMF to warn of the negative impact of the US economy on the rest of the world.

The simple fact is that you do not sustain economic recovery based on increasing levels of debt.(

Fall Of Empires: London, Washington & Paris On Brink Of Collapse

“Despite the thrashing around of the NATO disinformation apparat, the imperial heartland has entered 2019 in a state of complete chaos. Washington, London, and Paris – the three capitals of the Empire – are today effectively ungoverned, shutdown, tottering on the brink of collapse or under siege by their own people.

Their self-chosen Nemeses – Moscow and Beijing – meanwhile toast the New Year in a state of considerable optimism and self-confidence.

These are the facts, this is the news.

No amount of turning the 'Nelson's Eye' will alter the fact that for eight weeks and counting, hundreds of thousands of French people of all political stripes have been – increasingly violently – on the streets of cities throughout the country demanding that their president resign. And that Macron showering Euros down the Champs Elysees in concessions – in absolute defiance of the EU's fiscal rules – has merely encouraged 'les autres' to keep on demonstrating.

This week, the EU (and NATO) government of Italy joined the side of the 'Gilets-Jaunes', with Italy's Salvini personally denouncing the French president as being ‘against his own people.’

The old order is dying; the new one cannot be born. If we are not careful we will soon be alive in the time of monsters.(

Brexit Shambles…

No Deal… No hope… No clue… No confidence

“MPs have voted against Theresa May's Brexit deal by a huge majority. The Labour leader Jeremy Corbyn has already called for a vote of no confidence in the government. So what could happen next?

1. No deal

If nothing else happens, the default position would be a no-deal Brexit.

2. Major renegotiation

The government could propose to negotiate a new Brexit deal.

3. Another referendum

The government could instead choose to have another referendum.

4. Call a general election

Theresa May could decide that the best way out of the deadlock would be to hold an early general election - in order to get a political mandate for her deal.

5. Other possibilities

The European Court of Justice has ruled that it would be legal for the UK to unilaterally revoke Article 50 to cancel Brexit…

After Theresa May survived a challenge to her leadership, the Conservative Party's rules mean she won't face another for 12 months. But she could always decide to resign anyway… Whoever ended up in charge would still face the same basic range of Brexit options though.(

The News Behind The News

When we understand the prophecies, we can get some idea as to what really comes next. The newspaper headline “ No Deal… No hope… No clue… No confidence” sums up the situation today - the BBC gives us some ideas on what could happen next.

But to understand why Britain ( Ephraim ) is in this situation, and what IS going to happen next, we must look to Bible prophecy. This is from a modern translation:

“The people of [Ephraim] mingle with godless foreigners, making themselves as worthless as a half-baked cake! Worshiping foreign gods has sapped their strength, but they don't even know it.

Their hair is gray, but they don't realize they're old and weak.

Their arrogance testifies against them, yet they don't return to the Lord their God or even try to find him.

Remember the song, Rule Britannia? The arrogant words?

(Chorus) “Rule, Britannia! Britannia, rule the waves! Britons never, never, never shall be slaves.” (

The people of [Ephraim] have become like silly, witless doves, first calling to Egypt, then flying to Assyria for help. But as they fly about, I will throw my net over them and bring them down like a bird from the sky. I will punish them for all the evil they do.

What sorrow awaits those who have deserted me! Let them die, for they have rebelled against me. I wanted to redeem them, but they have told lies about me.” (Hosea 7:8-13, New Living Translation)

Britain's leaders are “old, weak and arrogant”. But as a nation, they have rejected God. God promises to punish Britain “for the evil they do”

“I will be like a lion to Israel, like a strong young lion to Judah. I will tear them to pieces! I will carry them off, and no one will be left to rescue them. Then I will return to my place until they admit their guilt and turn to me. For as soon as trouble comes, they will earnestly search for me.” (Hosea 5:14-15, New Living Translation)

The End Of The Age Crisis

Over the years, all of God's servants have believed that the return of Christ would happen in their day. Mr Armstrong was no exception. However, he pointed us to events… the gathering storm… leading up to the end of the age crisis that in turn will lead up to the return of Jesus Christ!

“However, the situation is simply that, I think God has been holding the winds of war and of nuclear war and the final crisis back for at least fifteen or twenty years now. When it seemed like it was due back in the late nineteen sixties. It seemed like it was going to be due in a few years and it had not happened.

Now I can see where things can come to a head and it is just like on the front cover of… I believe it was ‘Newsweek’ or else it was ‘Time Magazine.’ It’s the gathering storm that is taking place right now getting ready for the grand smash crisis that’ll bring about the end of this world.( Sermon - 7 July 1984)

This was written over thirty years ago, and we are still waiting and watching. But – it WILL all happen. The “Storm IS Gathering”. The “Grand Smash Crisis” is not far off!

“Therefore be patient, brethren, until the coming of the Lord. See how the farmer waits for the precious fruit of the earth, waiting patiently for it until it receives the early and latter rain. You also be patient. Establish [set fast] your hearts, for the coming of the Lord is at hand.(James 5:7-8, New King James Version)