ECB President Mario Draghi holds great power over the EU’s, and therefore the world’s, economy.
Monday’s edition of the Telegraph newspaper carried a headline, “Mario Draghi: More Dangerous Than Kim Jong-Il.”
http://blogs.telegraph.co.uk/news/danie ... m-jong-il/
The comparison is an interesting one from one perspective: The late president of North Korea was a dictator having supreme authority, accountable to no one. Mario Draghi, president of the bank that is dictating fiscal policy to the world’s largest trading bloc, the European Union, is accountable to no other authority than himself.
As an extension of this comparison, Kim Jong-Il virtually held the world to ransom with the threat of nuclear war. Draghi currently holds the world to ransom with the threat of the collapse of the means of exchange with which much of the EU enacts its global trade—the euro.
Kim rattled his nuclear sabers to scare off the world. The latter is scaring the world into a fear of a global financial collapse of nuclear proportions.
It’s an interesting comparison.
Largely an unknown till he assumed control of the world’s largest central bank on November 1, Draghi has been developing a more public persona of recent date. His most recent interview was with the Financial Times. It contains some interesting vignettes that somewhat explain Draghi’s intransigent stand on the euro crisis.
http://www.ft.com/cms/s/ea01b862-27da-1 ... z1hO3F1Uwk
“It is a sometimes legalistic—at times, even theological—debate,” the FT writes (emphasis added). That is a point not yet seen by the vast majority. There is a “theological” entity at the root of all this, playing its hand extremely carefully, given its almost-2,000-year history.
“The important thing,” Mr. Draghi says, “is to restore the trust of the people—citizens as well as investors—in our continent. We won’t achieve that by destroying the credibility of the ecb. This is really, in a sense, the undertone of all of our conversation today.”
It is just possible that this Jesuit-educated son of Rome is in tune with the Vatican’s plan for a “new evangelization” of Europe, to “restore the trust of the people,” the true “undertone” behind German elites leading the “conversation” behind closed doors in Rome, Berlin and Brussels.
Either way, the Financial Times interviewer did sound a realistic warning: “… 2012 may well mark the moment when the euro’s fate is settled.”
Aware that grave dangers face the eurozone economies in the new year, Mario Draghi loosed the purse strings of the European Central Bank (ecb) on Wednesday. As the Washington Post reported (December 21):
The European Central Bank announced Wednesday that it is loaning about $640 billion to European banks for an unusual three-year term as part of its effort to free up credit tightened by the eurozone’s government debt crisis.
Statistics released by the Frankfurt-based ECB showed that 523 banks signed up for the loans, the largest infusion of cash since the euro became the common currency of a number of European nations in 1999. In all, 17 nations have adopted the currency, which was seen at its inception as a boost to economic stability but has in recent months come under withering and perhaps fatal attack.
Some see this latest move by Draghi to ease EU banks liquidity as a trick designed to circumvent EU treaty obligations that currently restrain the ecb from becoming the lender of last resort to EU member nations’ governments.
“Reports in Paris suggested some governments also hope the loans will make it possible for banks to buy government debts when cash-strapped governments issue bonds early in 2012. In effect, the reports said, this would be an indirect way of having the ecb become the lender of last resort for indebted governments—something it is forbidden from doing directly by its founding statutes”.
On the euro’s fate hangs the fate of the global economy. The test year is 2012, beginning with the EU governments’ bond auctions in the first quarter of the year. What other cards does Mario Draghi, the “war dragon” of the ECB, have up his sleeve?
The time is fast approaching when Mario Draghi, unfettered president of the most powerful bank in the world—the European Central Bank—will prove whether or not he is, indeed, “more dangerous than Kim Jong-Il”!
As European Union leaders and the head of the European Central Bank (ecb) met in Brussels for what was billed as a make-or-break summit for the eurozone, the pope was praying to mother Mary for a suitable outcome. No doubt he was seeking the endorsement of the queen of heaven on the Holy Roman alliance that has emerged between Germany’s Chancellor Angela Merkel and Rome’s man presiding over the European Central Bank, Mario Draghi.
The Economist even transferred Benedict’s title momentarily to Draghi, calling him “Pope Mario.”
http://www.economist.com/blogs/charlema ... /eu-summit
Draghi’s Holy Roman agenda was set during October by a group of Vatican elites, operating under the aegis of the Pontifical Council for Justice and Peace, with release of a memorandum titled: “Towards reforming the international financial and monetary systems in the context of a global public authority.” As the Trumpet pointed out at the time, the strength of the memorandum was in the statement proposing “that globalization be regulated by a global public authority”.
The ecb may not yet be global, but it does now hold the control of all mechanisms needed to effectively administer the newly developing fiscal union that will prevail in the largest trading bloc on the planet—the European Union!
Since taking on the presidency of the ecb, Mario Draghi has moved swiftly to consolidate his position as the second-strongest voice in Europe to that of Angela Merkel—some would even say his voice is now the strongest, particularly following his impeccable performance during last week’s EU summit. Some pundits are even noting that Europe is no longer dominated by a German and French partnership. They claim that any remaining influence that President Nicolas Sarkozy once had in effective EU leadership has been quickly overtaken by Mario Draghi. Predominant leadership in the EU is no longer a Merkel-Sarkozy affair. It is now dominated politically by Merkel and monetarily by Draghi.
In fact, considering Draghi’s allegiance to mother Rome, one could even theorize that the woman of Revelation 17 is already mounting the beast, with Draghi now being the singular public voice calling the tune applying the tourniquet on European debt.
So, what did really happen in Brussels last week, and how does it affect you? For affect you it will—in the pocketbook, where it hurts the average consumerist Anglo-Saxon citizen most.
One Roman personality came to the fore last week during a time when the whole world’s political focus was on Brussels—Mario Draghi. This president of the European Central Bank, having only taken office November 1, held the world’s financial system to ransom for two days during which European heads of government considered, then yielded to, the demands he had crafted for an EU fiscal compact.
The upshot was that 26 of the 27 EU nations have implicitly capitulated to those demands, Britain being the only real dissenter from the initiative to join Draghi’s fiscal compact.
Mario Draghi is now the most powerful technocrat in Europe and possibly—given that the EU is the world’s largest trading bloc—the most powerful technocrat in the world!
There was a multitude of commentary on the recent EU summit, most of it missing the point that one personality had emerged from it garnering power of a nature that Hitler’s economics minister, Dr. Walther Funk, could once only dream of. Though Funk had a similar vision to that of Draghi’s European fiscal compact, he never did quite achieve it during the last time that Germany and Italy attempted fascist rule over the European continent. Now European fiscal union is about to become a reality, though it will eventually embrace far less than the 26 nations which have for the moment agreed to sign up to it.
http://www.express.co.uk/posts/view/283 ... -the-brink
Now that the dust has settled, consider the prophetic reality of what resulted from the EU summit last week.
In his booklet Who or What Is the Prophetic Beast? Herbert Armstrong pointed to the correct interpretation of the great prophecy on the current resurrection of the Holy Roman Empire, declaring:
In the 17th chapter of Revelation we find a beast, and a woman—a great, wealthy but fallen woman—who was riding the beast. The Bible describes the symbol “woman” to mean a church (see 2 Corinthians 11:2; Revelation 19:7; Ephesians 5:22-27). On the other hand, “beast” is a symbol of a kingdom, or empire. …
The beast of Revelation 13 is not the woman who rode the beast—the beast is the government, and the woman is a church.
The beast of Revelation 13 is the Roman Empire!
You can download or order for free:
(written in 1952 by the way)
Now consider that prophetic revelation in relation to that which happened last week in Brussels.
“At least there is hope. Grim-faced European leaders gathered in Brussels on December 8 for their summit to save the euro with the news that Pope Benedict xvi was praying to the Virgin Mary for the sake of Italy and Europe. He should also spare a prayer for Mario Draghi, the president of the European Central Bank” (Economist, December 9).
The context within which the pope prayed that prayer to his queen of heaven ought to be electrifying to any true student of biblical prophecy.
Under the headline, “Pope highlights Mary’s role as ‘woman of the apocalypse,’” Catholic News Agency reported the following (December 8):
Pope Benedict xvi reflected on the biblical description of a “woman clothed with the sun” in his remarks at Rome’s Spanish Steps on the 2011 Feast of the Immaculate Conception.
“What is the meaning of this image? It represents the church and Our Lady at the same time,” the pope told the crowd …. “Before all, the ‘woman’ of the apocalypse is Mary herself.”
The 12th chapter of … the book of Revelation describes the glorification and persecution of “a woman clothed with the sun, with the moon under her feet, and on her head a crown of twelve stars.”
Pope Benedict … gave listeners his insight into the connection between the Virgin Mary and the church, portrayed in the Apocalypse through the single image of the sun-clad woman. … He stressed the world’s need for the hope brought by the “woman clothed with the sun”—“especially in this difficult moment for Italy, for Europe and for different parts of the world.” …
“For this also we, especially on this day, never cease to ask with filial trust for her help: ‘O Mary … pray for us who have recourse to you.’”
http://www.catholicnewsagency.com/news/ ... pocalypse/
It is interesting to note the symbolism here. On the day of the Vatican’s Feast of the Immaculate Conception, that Jesuit son of Rome, Mario Draghi, submitted the uniquely conceived fiscal compact with the demand that all EU nations sign up to it—a demand that was acceded to by all except Britain the following day.
“As the dinnertime negotiations stretched into the wee hours of Friday morning, leaked drafts of a communiqué indicate that the summiteers intend to agree to a ‘fiscal compact’ to ensure the stability of the eurozone. These words matter: They are the same ones that Mr. Draghi had used a few days earlier in a Delphic judgment that many interpreted to mean that he would intervene more heavily in the bond markets, once the politicians had delivered a more credible system to impose budget discipline.
http://www.ecb.int/press/key/date/2011/ ... 01.en.html
“The leaders seemed to be appealing directly to Mr. Draghi to deploy the ‘big bazooka,’ which only he controls, to protect big and vulnerable sovereigns like Italy and Spain” (Economist, op. cit.).
No wonder the Economist referred to Draghi as “Pope Mario”!
Do we truly see what is so rapidly happening in Europe right now?
It really has to do with a small group of elites in Europe setting up a system that ultimately will lead to the fulfillment of that prophecy that Herbert Armstrong warned would be a soon-coming reality.
What happened in Brussels last week was just one more significant step toward implementation of an iron-clad fiscal union, ultimately to consist of ten nations which yield up all sovereign power to one singular overarching authority that your Bible terms “the beast” (Revelation 17:12-13).
Overseeing that beastly power as its major spiritual influence is a great church described as a woman riding the beast. These two will implement a system which, for a brief moment in time, will literally dictate terms of trade, globally!
“And he causes all … to receive a mark in their right hand or in their foreheads … that no man might buy or sell, save he that had the mark …” (Revelation 13:16-17).
That Germany has unquestioned dominance, politically and economically, in Europe is now unquestioned.
That the pope’s man, Mario Draghi, has unrivaled control over Europe’s central banking system and the control of the mechanisms that will be used to address Europe’s current financial crisis—the Exchange Rate Mechanism and the European Financial Stability Facility—is a fait accompli.
http://www.washingtonpost.com/business/ ... story.html
In effect, a Jesuit-trained Roman mind, receiving his spiritual direction from the vicar of Rome, is in total charge of Europe’s new fiscal compact which he not only had a large part in forging—and naming—but the control of which he has demanded and got!
Not for nothing did Mario Draghi state last Friday, “It’s a very good outcome for the euro area, very good.”
http://www.cbsnews.com/8301-201_162-573 ... good-luck/
Well, we shall soon see for whom this compact is deemed “very good,” for it is destined to work not only against Britain, but against its Atlantic partner America in a powerful way. Ultimately, it will affect global financial transactions to the point that the impact on Anglo-Saxon economies will be devastating!
The time to prepare for that inevitability is NOW!
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