News Review - 10 May 2019
Trade Wars

Protectionist policies… trade disputes… tariffs… trade embargoes… sanctions… xenophobic attitudes and financial chaos… all leading up to…

Trade Wars

Are trade wars good – or bad? According to President Trump, they are “ good and easy to win! ” Hardly a week goes by without some article on trade wars appearing in our news. Trade wars are a serious end time problem.

“The escalating trade war between the US and China has dominated headlines, dragged markets down and aroused fears of a full-scale global trade war as several countries respond to new US tariffs with tit-for-tat measures.

US President Donald Trump claimed recently on Twitter that trade wars are ‘good’ and ‘easy to win’ - history paints a very different picture. ‘ When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore - we win big. It’s easy! ’ — Donald J Trump (@realDonaldTrump) March 2, 2018

If history is any indicator, it seems trade wars are not ‘good’ or ‘easy to win’ as Trump has claimed. In fact, they rarely result in big wins for anyone; they can sometimes have the opposite to the intended effect — and they are ultimately pyrrhic victories whose negative impacts can reverberate for decades.” (

A Pyrrhic victory refers to a military success that is gained at such a high price that the victory proved too costly to be worthwhile.” (

Stock Markets On The Brink?

“If negotiations between the Trump administration and the Chinese government do not produce a trade deal by Friday, it is going to be absolutely catastrophic for Wall Street. On Tuesday, trade fears pushed the Dow Jones Industrial Average down 473 points. But most of the experts are assuring investors that a trade deal with China will be finalized before Trump’s new tariffs go into effect on Friday. But what if it doesn’t happen after all?” (

May 5th 2019 - Trade Talks With China Collapse

Chaos has returned to global financial markets, and it does not appear that there will be an easy fix this time. For the first four months of 2019, the mainstream media told us over and over again that a great deal of progress was being made on a trade deal with China and that negotiations would soon reach a final conclusion, but now it has become clear that those news reports were fake news.

Chinese Vice Premier Liu He has cancelled his trip to Washington this week for trade talks following a tweet by President Donald Trump threatening more tariffs because the talks have moved too slowly.

In Asia, the major Chinese markets were all down more than 5 percent overnight… And oil prices immediately began falling as well… Oil prices also saw sharp declines in the morning of Asian trading hours, with US crude futures dropping 2.34% to $60.49 per barrel.

Unfortunately, this is likely to be far more than just a temporary setback for the markets. Could this be one of the triggers that pushes us over the edge and into the economic abyss?(

Trade Wars Can Lead To Hot Wars

As you read the following article, remember that the impact of the great depression brought Hitler to power and laid the foundation for the Second World War!

“Some economists blame the Smoot-Hawley Tariff Act of 1930 for exacerbating the Great Depression. Implemented with the aim of saving US factories, the act raised tariffs on more than 20,000 kinds of imported goods… it is blamed for spreading protectionist policies around the globe, helping global trade plummet by about 26 percent in the years after its signing.” (

We Were Warned!

Over 50 years ago, an article in the Plain Truth Magazine gave the following stark warning:

Germany, and all Europe, would not escape unscathed in a hot trade war between the Common Market and the United States. Terrible economic disasters would result! And the result from such disasters? A NEW NAZI GERMANY!( The Plain Truth, December 1963)

Over 20 years later, Mr Armstrong repeated the warning in a Co-Worker Letter – May 16, 1985:

“Slowly but surely events are working toward a coming conflict between Europe and the United States as prophesied in the Bible. U.S. Secretary of Labor William Brock has issued a public statement threatening a trade war between the United States and Europe. All these events are tending to drive Europe and the U.S. further and further apart. Trouble is definitely on the horizon as God has forewarned in prophecy.” ( Co-Worker Letter – May 16, 1985)

Struggle For Global Power Status

Europe is taking this problem seriously. Note the language used in the following article: “US sanctions will lead to a confrontation with the whole of the EU” - and - “even conflicts with the USA"

“The United States is preparing sanctions against European companies participating in the construction of the Nord Stream 2 pipeline, according to senior US government officials. German government officials, on the other hand, predict that US sanctions will lead to a confrontation with the whole of the EU. ‘We will do everything necessary to complete the pipeline.’

At the same time, the power struggle over the participation of the Chinese Huawei Corporation in setting up the 5G grid in Germany and the EU is escalating. After the German government indicated that it would not exclude Huawei, the US ambassador in Berlin is threatening to reduce cooperation between the two countries’ intelligence services.

“As the decision-making moment approaches, a report has confirmed suspicions that – contrary to US allegations - there is neither public nor even secret evidence to back the claim that Huawei is collaborating with Chinese official institutions or even Chinese intelligence services.” (

US President Donald Trump is also considering calling on countries to pay the full cost of stationing US forces on their soil, plus 50 percent more. German government advisors are pleading for a policy of 'softer’ or 'more robust’ countervailing power formation. Europe’s ‘strategic autonomy’ is at the core of this power struggle.

The Trump administration’s ‘disruptive and erratic foreign policy’ virtually challenges the EU, ‘to define and protect European interests more independently.’ Berlin and Brussels should also be prepared ‘for increased controversy, more open and contentious debates and even conflicts with the USA’ for the period following the presidency of Donald Trump.” (

The Power Of The Pipes

Germany needs this natural gas supply from Russia, and will do anything to secure it – even if it means major problems with the USA!

“The privileged German-European access to Russian natural gas could be lost, is the warning, as the battle over the Nord Stream 2 pipeline persists. According to a recent analysis published by Oxford University, western sanctions, imposed on Russia in 2014, have encouraged Moscow to seek alternative markets for its resources. China, in particular, plans to purchase large amounts of Russian natural gas. The first pipeline is scheduled to go into operation this year. A second pipeline - tapping the fields currently supplying gas exclusively to Europe - is in planning.” (

EU Vows To Trade With Iran

Germany’s problem: it needs Russian natural gas to keep its industry going. The situation is so vital to Germany’s industry that they are not afraid to go against US policy, as the following article points out!,

“A year after President Trump unilaterally withdrew from the Iran Nuclear Deal, its European signatories, who still honor the agreement, have expressed concern over the US decision not to extend waivers on oil trade with Tehran.

We … take note with regret and concern of the decision by the United States not to extend waivers with regards to trade in oil with Iran, ’ France, Germany, the UK and EU’s representative said in a statement.

The trio said they remain ‘committed to working on the preservation and maintenance of financial channels and exports for Iran.

The Europeans reminded Washington that the Iran nuclear agreement, officially called the Joint Comprehensive Plan of Action (JCPoA) remains a ‘crucial element’ of the global nuclear non-proliferation regime and therefore is ‘essential’ to European security.(

Germany Makes Its Own Threats

Not only is Germany not afraid to go against US policy, they are fighting fire with fire!

“Stung by Trump’s criticisms of Russian gas deal, Germany makes its own threats. Germany pushed back against pressure from President Trump over its planned Russian gas pipeline after Berlin warned it could reconsider its commitment to begin importing American gas if the US makes good on a threat to block the project. The warning, in a letter by the German ambassador to several US senators last month, came as Congress is weighing a bipartisan move to enact sanctions against the controversial German-Russian Nord Stream 2 pipeline, which the US has long opposed.” (

German Backlash

Germany now refusing to buy America’s latest warplane – the F35…

“Germany has come under fire for its decision to drop the F-35 stealth fighter as part of the upgrade of its airforce. The decision was seen as a big setback for Lockheed, the top US arms maker, which had hoped to add to recent F-35 sales to other European countries, including Belgium. Its European vice-president Jonathan Hoyle said Berlin’s failure to opt for the F-35 had raised concerns among allies and prompted the question: ‘What does it mean for NATO?’” (

The Russian Threat

Germany, refusing to buy the F35 fighter, refusing to pay for US troops stationed in Germany, refusing to obey US sanctions on Iran, continuing with the gas pipeline supplying natural gas from Russia against US demands and involving China in the setting up of the G5 internet system in Germany, do they still regard America as an ally?

Back in 1982, Mr Armstrong had this to say regarding this situation…

Europe is losing confidence in the United States as having a military umbrella over them to protect them, and they want their own military force to protect themselves. That’s the way they feel over there. Now that is a chief incentive to unite them and that is taking place.( Sermon - 27 November 1982)

Accord With Russia Soon?

America is forcing Germany to look more towards Russia for help. But Germany is under no illusions about Russian intent. The are pushing for a European defence force, totally independent from NATO – and hence America!

“Before World War II, a mutual accord had been made between Germany and Russia. History often repeats itself.” ( The Plain Truth, October 1985)

Germans’ Faith In Democracy Falters

Germany’s hard earned prosperity IS now under threat. Attitudes ARE changing in Germany – rapidly!

“Frustration with democracy rose sharply in Germany last year after six months of thwarted coalition-building and a protracted bout of infighting in Angela Merkel’s government, according to a survey. More than 40 per cent of Germans said they had little or no faith in the democratic system in 2018 compared with barely a quarter the previous year. A think tank close to the SPD, estimated that a fifth of Germans had ‘right-wing populist’ leanings, and claimed that xenophobic attitudes had become ‘normal’ in mainstream society.” (

‘Siren call’ Of A Fourth Reich Is Spreading

As political upheaval increases throughout the western world, German attitudes are changing. The AfD party is now represented in the German Government. The concept of a Nazi return to power, a Fourth Reich, is openly discussed, as the following article points out:

“Not since the demise of Nazi Germany have fears — and ambitions — of a so-called ‘Fourth Reich’ reached their current level of intensity… ‘The case of postwar Germany makes it clear that western fears about a Nazi return to power were far from unfounded… In Rosenfeld’s assessment, today the idea of a Fourth Reich has entered an unprecedented heyday.

‘The Fourth Reich is currently experiencing a new phase of normalization,’ wrote Rosenfeld, whose latest book was published in March. ‘Thanks to the tumultuous political upheaval throughout the western world, the concept is becoming increasingly universalized.’ The concept of a Fourth Reich, wrote Rosenfeld, is ‘invoked in times of crisis and fades in times of stability’.(

Only something TRULY SHATTERING, it seems, might quickly produce the united Europe… Europe’s nations like being themselves too much, and feel little compulsion to be anything else.( The Plain Truth - February 1973)


Mr Armstrong warned back in July 1984:

“…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 … 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)

Global Financial System Collapse?

According to the following article, the global financial collapse could well start in Germany. Remember what we saw in a previous article… The concept of a Fourth Reich… is “invoked in times of crisis and fades in times of stability.” It looks like the crisis is not far off.

“Deutsche Bank is the largest bank in Germany. It has been caught up in scandal after scandal… and it has (apparently) made some REALLY bad loans… Last year we were told that the collapse of Deutsche was nowhere near… and that things were basically “OK”… we were told that the Lehman failure was like ‘550 basis points for funding for Lehman’…

June of 2018 for Deutsche… only 150 basis points…

February of 2019… basis point cost to finance Deutsche…255 basis points…

April 2019… now 350 basis points…

Extrapolating… 7 months to add the first 105 basis points… 2 months to add the next 95 basis points…

June or July… Deutsche goes… the Euro area fails… the rest of the world gets plunged into global economic chaos!

The ECB (European Central Bank) has been printing money like crazy – they call it ‘Quantitative Easing’ – they already have negative interest rates in Europe… no more bullets in the ECB gun… next stop… CHAOS.(

Pastor General’s Report – February 8, 1980

“You may be sure the West European leaders are conferring hurriedly and secretly about how and how soon they may UNITE and provide a united EUROPEAN MILITARY FORCE so they can DEFEND THEMSELVES! And so they will no longer have to give in meekly to Russia! And who will they blame for their humiliation and their necessity now to have a united Europe, with a united government, a common currency, and a common military force as great or greater than either the USSR [Russia] or the USA? They will blame the United States!

And when they are strong enough to assert themselves, Bible prophecy reveals a man will rise to take the helm in Europe and will first attack Britain for standing firm with the United States, and then they will return a lot of hydrogen bombs the US has stored now in Europe! SO SAYS ALMIGHTY GOD IN HIS WORD!” ( Pastor General’s Report – February 8, 1980)

The Real Problem With Today’s World

Today’s world is spiritually sick. We only have to look at the banking sector to see fraud upon fraud, huge fines imposed, but few of the perpetrators ever go to prison. Dishonesty is the new norm! WHY?

Why Can Mankind Not Solve Their Problems?

In a Co-worker Letter – January 20, 1983, Mr Armstrong wrote:

“Bible prophecy shows what soon shall occur – why the world is now sick on its deathbed – why the rising unemployment, the sick economy, the immorality, crime, violence and world evils… In many scriptures God tells us he prospers those whose ways please him. But our people as a nation have not obeyed God. The whole world has been founded and built on the philosophies and ways of life of Satan, not of God. This has been Satan’s world – not God’s.” ( Co-worker Letter – January 20, 1983)

The Spiritual Dimension

“Our problems are spiritual problems – that is why men can’t solve them – they can’t think spiritually. Men can’t do it without the Holy Spirit. The normal mind of man has only one spirit, which can only think and reason in physical, material terms. Our problems are not physical, but spiritual. That is why the world is in trouble.( Bible Study – November 22, 1980)

This Decades Old Warning Still Stands!

“Leaders of the world, WAKE UP! – or face human extinction! The world, as 1985 [2019] comes upon us, is fraught with troubles and evils seemingly past human remedy. SURVIVAL is now our number one problem!

Civilization is what its leaders have made it, and education is the alma mater of the leaders. They are largely what the educational system made them. Education has succumbed to intellectual materialism.

Knowledge of the TRUE VALUES was jettisoned somewhere along the way. Humanity’s problems are spiritual in nature and a materialistic knowledge cannot understand or solve them.( The Plain Truth – January 1985)

We Were Warned…

For over 50 years, Mr Armstrong was used by Jesus Christ to re-establish God’s government within the Church, and warn of end time events: Trade wars, financial crises, the rise of Germany, ending up with a new Nazi Germany controlling the upcoming United States of Europe, Europe losing confidence in the United States, the formation of a European military force, the fact that this world is controlled by Satan, ending with the Great Tribulation and the return of Jesus Christ to take over the rulership of the whole world!

But his focus in all this, was to reveal that man’s real problems are spiritual and that without the Holy Spirit, man cannot solve the problems facing mankind today. The world couldn’t get it – but we, as God’s Church are expected to try and grasp the very depth this change requires! In Revelation 3:11 we are told to “hold that fast which you have” and the "that" very much revolves around the lesson of the Two Trees - two utterly divergent ways of life.

Our Spiritual Heritage

We are to hold fast to this Spirit-led administration of God’s Word – received via the apostle sent to us – the spiritual heritage which we in fact received from God via Jesus Christ, as explained in our booklet: Just What IS an APOSTLE ?

“Today, though the individual apostle [Mr Herbert W Armstrong] is dead, we must still place ourselves beneath the identical administration – if we are to remain under the identical Government of God. Any leader over us has no right to change that spiritual heritage over him. ‘The Way’ never changes. How ironic therefore, that at the end-time, Christ is depicted as standing outside the Laodicean Church knocking! ( Rev 3:20).” ( Just What IS an APOSTLE - Chapter 10 )