Cyprus Bailout Gets Even Worse

Cyprus Bailout Gets Even Worse

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Southern Europe is stuck in a trap that forces it to give up power to Germany.

The amount Cyprus will have to pay to fix its financial sector jumped by €6 billion, Cyprus announced April 11. Originally, Cyprus was going to receive €10 billion from international lenders, and raise €7 billion itself. Now, the latter figure is €13 billion.

Cypriot President Nicos Anastasiades wrote to European Commission President José Manuel Barroso and European Council President Herman Van Rompuy pleading for more money, but he was ignored. Germany made it clear it was not willing to give any extra.

If Cyprus cannot come up with the extra cash itself, “the assent of the German Bundestag next week is out of the question,” said Christian von Stetten of the German Parliament’s finance committee.

To fund this, an estimated €8.3 billion will be taken out of bank accounts in Laiki and the Bank of Cyprus, Reuters reported April 15, citing a leaked European Commission document.

As agreed earlier, those with money in Laiki have lost everything above €100,000. Depositors in Cyprus’s largest bank, Bank of Cyprus, face an uncertain future. They will definitely lose 37.5 percent of everything over €100,000 that they’ve deposited. They will have to keep another 22.5 percent in their bank account for two or three months, just in case the government needs to take more. Depositors will receive no interest on this. And the remaining 40 percent must be kept in the bank account for six months, to stop a run on the bank. During that time, the government could decide that it needs some, or all, of this money too.

So those with deposits in the Bank of Cyprus have effectively also lost all their money above €100,000. They just have to wait to find out if they will get any of that money back.

This means a huge number will be losing their savings. Thirty-eight percent of all of Cyprus’s bank deposits were in these two banks.

This isn’t something that affects just Russian mafia bosses. It is crippling the whole island. One hundred thousand euros is not a great deal of money to retire on. Many pensioners could have savings above this amount.

It isn’t a lot of money for a business either. Entrepreneurs who worked hard their whole lives are losing everything. Companies and even charities and universities could be forced to close down. People are already losing their jobs.

The Cypriot Mail reports that orphans who lost both their parents in a plane crash in 2005 are losing their compensation money.

This affects the whole economy. Even those who weren’t directly affected could be put out of business in the aftermath, as all those newly unemployed people or those who have lost their savings stop spending.

Last week, EU economic affairs commissioner Olli Rehn admitted that the annual output of Cyprus’s economy could fall by 15 percent this year. That’s a huge figure.

This is the reason why the total amount Cyprus needed jumped from €17.5 billion to €23 billion. The bailout conditions were so harsh and did so much damage, that the economy now needs a larger bailout. But Europe is forcing Cyprus to come up with that extra money itself, making the bailout terms even harsher. This is a vicious cycle that can never lead to recovery. Cyprus will be left permanently dependent on Germany, forced to hand over more and more sovereignty each time it needs more money.

This same pattern is under way in both Greece and Portugal. Both their economies are now in a worse condition than when they received their bailout. Portugal needs to borrow more money to keep itself going than it did before the EU stepped in to “help.”

Yet Germany is examining even harsher bailout conditions. Its council of economic experts, knows as the “Five Wise Men,” has suggested a wealth tax to pay for future bailouts. They argue that it is easy for the rich to move their bank accounts around Europe. Wealth that is tied up in things like property is much harder to move, making taxes on it harder to avoid.

Germany feels justified in making this proposal, as a recent survey by the European Central Bank found that the average household wealth in southern Europe is much larger than in Germany.

Part of this is because Germans tend to rent their homes instead of owning them. It’s also due to inflated house prices in southern Europe, fueled by the cheap credit that used to come with being in the eurozone.

But no matter how justified the Germans may be in making this demand, it will do even more to trap southern Europe in dependence on Germany. The Telegraph’s assistant editor, Jeremy Warner, concludes that a new wealth tax would end up “trapping the periphery in even deeper depression.”

This is the result of the eurozone’s bailout: The southern half of the European continent is stuck, constantly needing more German money, and constantly giving up more power to Germany.

For more on this, see Trumpet editor in chief Gerald Flurry’s article on Cyprus in the latest print edition of the Trumpet, which will be published online shortly.

Is There Hope for Victims of the Boston Bombing?

Two bombs exploded at the finish line of the Boston Marathon on Monday. Shattered glass and debris covered the ground, along with severed arms, legs and other body parts. Over 150 people were wounded and at least three people were killed.

No one has claimed responsibility for the terrorist attack, which occurred on one of the city’s most famous civic holidays, Patriots’ Day.

The Boston Marathon attracts competitors and spectators from around the globe. It is the oldest running marathon in the world. Each year, more than 20,000 people compete in the race, while about a million people gather to cheer them on.

Australians in Boston for the marathon described the moments when the two bombs detonated in the crowded streets near the finish line. Robert de Castella, a former world champion marathon runner from Australia, witnessed the explosions: “We heard these two booms; it sounded like, you know, enormous claps of thunder. You even felt them against your chest. And then, all hell broke loose, the sirens and people running and people crying—and it was really devastating for me, who loves marathons and loves Boston.”

The attack has raised fears for upcoming marathons in London, Belgrade and within the United States. The Oklahoma City Memorial Marathon is scheduled for April 28. The OKC marathon memorializes the victims of a 1995 terrorist attack that killed 168 people and injured nearly 700.

Even in the bloody and terrifying aftermath of the Boston bombing, there is still a great cause for hope. The increasing violence we see in our world is actually a sign that Jesus Christ is about to return. In addition, the Bible reveals that those who died in this most recent attack on America will live again, along with all those who died in Oklahoma City and beyond.

In Luke 11, Christ admonished us to pray for God’s Kingdom to come quickly. That Kingdom is mankind’s only hope. To understand how you can have hope for mankind—both the living and the dead—please read Herbert Armstrong’s inspiring, free book The Incredible Human Potential.

U.S. Influence in Iraq Continues to Diminish

U.S. Influence in Iraq Continues to Diminish

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As the United States disengages from Iraq, Iran continues to connect.

After more than $1 trillion spent and a decade of war and occupation, the U.S. has lost almost total control of Iraq. The Shiite-ruled nation has drifted away from American influence, choosing instead to build relations with its neighbor Iran. Who would have guessed?

When the U.S. invaded and tore down the statue of Saddam Hussein, there were few that expected Iraq to turn away from its liberators, and join with radical Iran. Even the Iraqi people celebrated on the streets at first. There was, however, one man predicting a very different outcome. In the June 2003 edition of the Trumpet, editor in chief Gerald Flurry published an article boldly stating:

Now that Iraq has been taken out of the picture, Iran is even closer to becoming the reigning king of the Middle East. It may seem shocking, given the U.S. presence in the region right now, but prophecy indicates that, in pursuit of its goal, Iran will probably take over Iraq. At least, it will have a heavy influence over the Iraqi people.

This powerful article, “Is Iraq About to Fall to Iran?”, carried the same headline as an article written on the same subject back in the Trumpet of December 1994. Who else was making such statements so early in the conflict?

Now the mainstream media is coming to accept that the U.S. mission has failed. As Ernesto Londono from the Washington Post said, “Today, America’s voice here has been reduced to a whimper.”

There are still some who would cling to the belief that Iraq is not a failure. Mr. Londono wrote, “In some ways, two senior U.S. officials said, having a smaller mission in Baghdad, with no U.S. troops, has set the tone for a healthier relationship. They noted, for instance, that once American troops withdrew at the end of 2011, Shiite militias stopped lobbing rockets at the embassy.”

Read that again. American leaders call Iraq a success because the enemy stopped firing when U.S. troops left. Perhaps their enemies stopped firing because they won? The American troops withdrew. That is what the terrorists wanted, and that is what they got.

The shrinking embassy is a reflection of waning U.S. influence in the nation. Only one year ago, there were 16,000 workers at the embassy. According to U.S. Ambassador Robert Stephen Beecroft, today there are 10,500 workers, and by the end of the year that figure is set to be 5,500. Only 1,000 of those will be diplomats; the rest will be security personnel and outside contractors.

The heavily fortified complex is the largest American mission in the world. It is the size of the Vatican, and opened to the tune of $730 million. Today, it has been reduced to a shadow of its former self.

“This is a sign the Americans have given up their promises to support Iraqis. The U.S. Embassy has failed to play the role of being a fair mediator among Iraqi political blocs,” said Ibrahim Hussein, a Sunni engineer from Baghdad. He is just one of many Sunnis living in Iraq who have become disenchanted with U.S. operations in the nation.

As U.S. influence evaporates, so does the influence of the Sunni population. The ruling government in Iraq is primarily Shiite. Prime Minister Nouri al-Maliki originally promised a fair government, but has systematically destroyed his opponents. Mr. Maliki has accused at least two key rivals of terrorism, driving them into exile. Whether the claims are true or not, they leave the Shiite government with little to no viable contenders for power in the country.

The Sunni population realizes that they are being marginalized, and they won’t be getting any more help from the U.S. “America could still do a lot if they wanted to. But I think because Obama chose a line that he is taking care of interior matters rather than taking care of outside problems, that made America weak—at least in Iraq,” said Sunni Deputy Prime Minister Saleh al-Mutlak.

Directly to the east of Iraq is Iran. The heavily Shiite-dominated Iran has had its eyes fixed on Iraq for years. Prior to the Gulf War, Iraq acted as a counterbalance to Iran. However, when the U.S. invaded and removed Saddam Hussein from power, it destroyed the strongest Iranian opposition within the region.

Now we see the current Iraqi administration taking on more and more of an Iranian appearance. The Sunni population can see this clearer than most. The Shiite government is manipulating the political landscape to ensure the Sunnis can’t rise up against the current administration. It sees the conflict in Syria, and undoubtedly fears it may spill over the border.

Iraq is doing its part to try to prevent the Syrian government from being ousted. Iranian planes regularly fly weapons across to Syria, straight through Iraqi airspace. This couldn’t happen when the U.S. controlled the nation’s airspace. Stratfor states that “it is an open secret that Iran has been funneling weapons and fighters in civilian aircraft primarily through Iraq to reinforce the regime of Syrian President Bashar Assad.”

As violence in Syria rages, Iraq seeks to stay close to Iran and the Syrian government to try to contain a Sunni uprising in its own country.

At this crucial juncture in the Middle Eastern political climate, the U.S. is high-tailing it out of there as fast as possible. Failure upon failure has made America weary of conflict. The easiest option now is to just pack up and leave, even after investing $1.7 trillion.

The police training program typifies this mindset of retreat. In May 2012, the New York Times posted an article explaining the downfall of the program. Even while it was still operating, it was seen as a failure:

The training effort, which began in October and has already cost $500 million, was conceived of as the largest component of a mission billed as the most ambitious American aid effort since the Marshall Plan. Instead, it has emerged as the latest high-profile example of the waning American influence here following the military withdrawal, and it reflects a costly miscalculation on the part of American officials, who did not count on the Iraqi government to assert its sovereignty so aggressively.

America cannot afford to keep making these blunders in the Middle East. It is playing right into Iran’s hands.

In the New York Times recently, Ramzy Mardini of the Iraq Institute for Strategic Studies assessed the situation bluntly: “A decade since the occupation of Iraq began, Baghdad still cannot be considered an ally of the United States. … An alliance today is beyond anyone’s reach.”

Why is it so hard for the U.S. to maintain its presence in the region? Prophecy indicates Iraq will join forces with Iran. As hard as America has tried to create an ally in Iraq, it is destined to fail. Likewise, no matter how hard Iran and Iraq try to aid Syria, the embattled nation is destined to turn against them. Washington doesn’t know this, and neither do any of the nations in the Middle East. You can. You personally have the opportunity to understand why world events are shaping up as they are right now. Study “Is Iraq About to Fall to Iran?” by Gerald Flurry and see for yourself how the puzzle pieces are falling into place in the Middle East as God prophesied, and as the Trumpet continues to proclaim.

China to Take Over U.S. Infrastructure

China to Take Over U.S. Infrastructure

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China is looking to finance ailing American infrastructure as the U.S. runs out of cash.

Secretary of State John Kerry met with top Chinese officials in Beijing on April 13 to discuss the growing threats from North Korea. However, when Mr. Kerry spoke with the press following the meeting, he said there were other discussions taking place. The U.S. and China discussed the possibility of China investing in U.S. infrastructure.

Yes, the potholes in the road you swerve to avoid on your way to work might soon be plugged with the aid of the Chinese. A lack of domestic funding has led the U.S. to look elsewhere for financing to pay for the most basic upkeep of the nation. “We welcome Chinese investment in the United States,” said a smiling Mr. Kerry, who suggested that China could play a big role building U.S. transportation infrastructure, water utilities and power plants.

This is not an entirely new initiative. In January 2011, President Barack Obama met with Chinese businessmen to discuss deeper U.S. investments. During the meeting, President Obama said, “The United States is open for investment and would welcome it.”

The U.S. certainly would benefit from Chinese help. With crippling debt closing in on $17 trillion, and $3.86 billion being added per day, there is less and less money being spent on aging U.S. infrastructure. In January 2009, the New York Times released an article stating, “More than a quarter of the nation’s bridges are structurally deficient or functionally obsolete. Leaky pipes lose an estimated seven billion gallons of clean drinking water every day.” And that was four years ago.

The Times printed the article following the release of a report by the American Society of Civil Engineers which gave the nation’s infrastructure a D on a ranking of A through F. It estimated that it would cost $2.2 trillion over the next five years to bring it back into good repair. That hasn’t happened.

Enter China.

“The U.S.-China relationship is fast becoming the most important bilateral relationship for both countries, if it isn’t already,” said John Frisbie, director of the U.S. China Business Council.

But who is it really more important for? The U.S. cannot pay for its own infrastructure, the most basic of needs in America. So it is opening the doors wide for China to come in and spend money. In a sense, however, it is a win-win for both: China gets profits, and Americans get better infrastructure. And when foreign companies make the investments and are able to export the profits, wealth drains out of the nation.

The Trumpet wrote in 2011: “Washington’s move to yield strategic ground in these pivotal areas is designed to stave off the country’s demise, but it will only hasten America’s corrosion. Under the multiplying weight of debt, U.S. leaders are throwing open the nation’s doors for a Communist government to enter its borders and employ its citizens. America’s failure to control its spending is taking away its ability to control its course.”

This is evident with Washington’s dealings with North Korea. North Korea is utterly dwarfed by the power of the U.S., yet Korea continues to openly threaten America and its allies. It looks as if all the military might of America is virtually rendered impotent—and in a sense it is, because Washington is completely hamstrung by China. America recognizes that North Korea is a Chinese protectorate—and there is little it can do about it unless it wants to risk offending China. And this is not an attractive option when China is its most important lender and investor.

Following an address to the Edmond Chamber of Commerce on April 4, Congressman James Lankford was asked how dangerous America’s debt problem was. Lankford said that in his opinion, the more immediate threat was North Korea, but not because of its weapons. He said that if North Korea didn’t back down, and the U.S. was forced to mobilize troops, which costs money, China could refuse to buy up more U.S. debt. America would be without the funds to mobilize troops and check power in the Asia-Pacific region. Suddenly the U.S. could be facing an overnight interest rate hike on bonds.

America’s debt bomb could go off, he said. And it could happen “overnight.”

China holds over 7.5 percent of U.S. debt. America is so beholden to China, it has compromised its ability to act as a true superpower. Gone are the days that the U.S. could act with authority and real power—today the U.S. dances to the tune of its debtors.

As Trumpet columnist Robert Morley wrote last year, “[T]here is no doubt that China considers America’s debt as a weapon to be used. Back in 2007, Xia Bin, a cabinet-rank minister, stated that China’s foreign reserves should be employed as a ‘bargaining chip’ in trade talks with the U.S. That same year, as China and America hammered out a trade deal, He Fan, an official at the Chinese Academy of Social Sciences, went even further, warning that China could obliterate the greenback if it so desired. ‘China has accumulated a large sum of U.S. dollars. Such a big sum … contributes a great deal to maintaining the position of the dollar as a reserve currency,” he said. … In the past, [Chinese media] has referred to America’s debt pile as China’s ‘nuclear option,’ indicating Beijing could easily trigger a dollar meltdown of massive proportions if it needed to.”

As China continues to invest in the U.S., there may be some benefits domestically. Perhaps roads will improve, or you will get better Internet services. But such benefits come at a terrible national cost. The U.S. is living Proverbs 22:7. It is truly becoming enslaved to those it reaches out to for help. The U.S. was prophesied to be ensnared by its enemies. If China gains control of American industry, on top of its huge intake of U.S. debt, America will well and truly be besieged by trade warfare, just as is prophesied in Deuteronomy 28.

The time is almost on us when economic restriction will choke off the United States. It is a bleak outlook, but not one that should despair us. With such immense trial, there is opportunity for repentance. God doesn’t want to see the nations suffer, but He must bring people to see that their ways do not work. The U.S. doesn’t have it right, and neither does China. Both will soon be taught the right way to live, along with all other peoples and nations.

You don’t have to be ignorant of the troubles besetting this world. Read Russia and China in Prophecy and The United States and Britain in Prophecy to understand the plan God has for the forming Asian conglomerate and the West.

Moscow Fuming Over U.S.-Georgia Military Drill

Moscow Fuming Over U.S.-Georgia Military Drill

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What will come of the rising tensions in the Black Sea region?

More than 350 U.S. marines and several hundred Georgian Army troops angered Moscow by holding a month-long military drill in the former Soviet republic that ended on April 5. The U.S.-Georgia war exercise, code named “Agile Spirit 2013,” prompted the Russians to stage large-scale, unscheduled drills of their own.

“These annual events, which our American partners explain as ‘preparation for the Afghan operations,’ cause concern,” Russian Foreign Ministry spokesman Alexander Lukashevich said about Agile Spirit 2013. “Any foreign military assistance to Tbilisi, no matter what the motives are, complicates prospects for strengthening peace and stability in the region.”

The Russians’ reaction did not end with words.

In a snap response to the war drills, Russia held large-scale military exercises of its own in the Black Sea, causing great alarm in Georgia. “The current drills are unscheduled, unusual and go beyond the usual location of the armed forces in the spirit of the 2011 Vienna Document on Confidence and Security-Building Measures,” Georgia’s Foreign Ministry said on March 29. “Georgia is alarmed by the unexpected, provocative activity of the Russian troops, as well as by the potential use of the facilities, weaponry and/or personnel of the occupation forces of the Russian Federation within Georgia’s internationally recognized borders in Abkhazia, Georgia and the Tskhinvali region, Georgia.”

Recent history shows that Georgians have good reason to be alarmed.

In 2008, Moscow launched a separatist movement in those same two Georgian regions, which triggered an all-out war between Georgian soldiers and Moscow-backed separatists. Russia ended up invading Georgia and wresting the region of South Ossetia from its control, a move which Trumpet editor in chief Gerald Flurry said markedthe beginning of adangerous new era in history.

Lukashevich said Georgia’s military drills with the U.S. show that the former Soviet republic is “refusing to come to terms with new political realities”—a clear reference to Russia’s 2008 invasion and conquest.

The Georgian defense minister said Moscow’s military exercises in the Black Sea are causing Georgia to “intensify its vigilance.”

The U.S. values its alliance with Georgia, not only due to Russia’s alarming 2008 invasion, but also because U.S. and nato troops are scheduled to leave Afghanistan within a year, and are struggling to retain influence in that resource-rich nation. World powers view Georgia as a key staging locale and transport hub for any future operations in Afghanistan, so they are vying for influence there.

Moscow’s displeasure at the U.S.-Georgia military drills, and its decision to hold provocative, large-scale drills of its own so near to the Georgian border, show that the dangers of the new era are intensifying. Russia will continue to assert itself in Georgia, the Caucasus, and elsewhere in the former Soviet Union region, as its desire to resurrect the Russian sphere of influence grows stronger. President Vladimir Putin has more power than any Russian since the collapse of communism, and the stage is set for him to take on a more assertive and dictatorial role, both domestically and in neighboring nations.

To understand more about Russia’s strategy and why it should matter to you, read Mr. Flurry’s article “Russia’s Attack Signals Dangerous New Era.”

EU—Maastricht’s Golden Fangs

EU—Maastricht’s Golden Fangs

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Two decades following its enactment, the Maastricht Treaty reveals its true impact.

Over two decades ago, after reading the fine print of the Maastricht Treaty—the EU treaty that established the euro—we deduced correctly that any nation signing up to the European Monetary Union, for which Maastricht was the enabling treaty, would be virtually signing over possession of their national bullion stocks to the EU central bank.

Now that has become the reality for the benighted nation of Cyprus. The demand by the European Central Bank for proceeds from gold sales to be channeled to its own centralized coffers is the first manifestation of the golden fangs of Maastricht in action. It may not be the last.

In our September/October 2002 edition, we noted that “when 11 of the present 15 EU member nations joined the European Monetary Union (emu), they signed over their individual national holdings of gold to the European Central Bank, located in Frankfurt, Germany!”

This week, Cyprus came under an ecb directive, its wording confirming the Maastricht edict, requiring it to channel proceeds of any bullion sales to its coffers in Frankfurt.

With this in mind, it is worth considering a theory that has lurked behind the publicity given to the European Monetary Union since its inception. It goes like this:

Gold is great disaster insurance. Predictions of imminent global economic disaster increasingly abound. On this score, it is interesting to note that while a number of countries, including Britain and Canada, were busy liquidating gold assets in the early part of this century, one country was busy buying them up—Germany.

The German central bank holds the second-largest gold reserves in the world. It has not engaged in any form of large-scale selling. A curious thing occurred at the moment in 1999 when 11 of the present 28 EU member nations joined the European Monetary Union, signing over their individual national holdings of gold to the European Central Bank in the process. Coincident with the launch of the euro, Germany bought bullion in a big way.

The timing of Germany’s acquisition of huge amounts of gold was intriguing. “[T]he Bundesbank suddenly acquired massive gold reserves, just as the euro was launched in the first quarter of 1999. The gold amassed, both in terms of its physical size and of its value (national valuation basis) is more than enough with which unilaterally to introduce a gold-backed ‘new deutsche mark’—in contrast to the U.S. dollar, which is not backed by gold” (Economic Intelligence Review, March 2000).

The point is, whether or not the euro is a success in the long run, Germany sits in the box seat. On the one hand, the euro has substantial gold backing from the receipt of bullion by the European Central Bank, courtesy of the emu nations’ signing over of their reserves. This gives some strength to the euro’s backing. Yet the collective economies of emu nations are really not in the best of shape. “It [emu] was meant to be the cornerstone of the single currency. Instead it is fast becoming a millstone. In the face of global slowdown the eurozone’s stability and growth pact is a misnomer. It is failing to deliver stability and may yet threaten growth” (dawn Group, Aug. 14, 2002).

Now, both the European Stability and Growth Pact and the European Central Bank are German ideas, pushed through at German insistence. When an economic crisis in Europe does bring failure to the system that supports the fledgling euro, then, as we have seen, it’s up to Germany to suggest the solutions, within the context of the treaties and pacts that it has largely authored.

The late Christopher Story, financial analyst, posed an intriguing possible scenario in the event of such a crisis developing. He wrote in the issue of Economic Intelligence Review quoted above, “[T]he Germans may have been preparing their greatest coup in history: the sudden, overnight substitution of a ‘new deutsche mark’ backed by gold, for the regrettably ‘failed’ EU collective currency. … [I]n reality, the Bundesbank’s acquisition of colossal gold reserves coincident with the launch of the euro (which policymakers were never supposed to notice), and the convenience of the biggest competitive devaluation in history, betray the probable truth—that this represents the realization of the pan-German plan for a European collective currency elaborated by the Nazis, and was cunningly postulated from the outset.”

Either way, we see the German solution to a bankrupt EU member country manifest in the demise of Cyprus as a sovereign nation and its reduction to the status of a vassal state of the Rome/Berlin axis that controls the European Union. There can be no clearer example of the outcome of the plan to resurrect the German Reich from the ashes of World War ii, initially via economic means, rather than military power.

Herbert Armstrong knew it would be so.

As he declared:

“But even though the Germans surrender, and we gain another armistice, it will be only another recess! The Nazis will go immediately underground—plotting and preparing World War iii” (co-worker letter, Jan. 23, 1945).

“I was telling our radio audience and readers of the Plain Truth about the Nazi Underground before the end of World War ii. They plotted then to come back and succeed in World War iii if they lost the Second World War” (ibid, June 14, 1959).

“We don’t understand German thoroughness. From the very start of World War ii, they have considered the possibility of losing this second round, as they did the first—and they have carefully, methodically planned, in such eventuality, the third round—World War iii! Hitler has lost. This round of war, in Europe, is over. And the Nazis have now gone underground” (Autobiography of Herbert W. Armstrong, Volume 2).

Just how far-sighted was Herbert Armstrong’s prophecy of a resurrection of the German Reich was to be later borne out when an American Secret Service document dated 1944 was published in the press.

The Daily Mail republished the document a few years ago, declaring that “U.S. Military Intelligence report ew-Pa 128 is as chilling now as the day it was written in November 1944” (May 9, 2009).

The Mail stated that “The document, also known as the Red House Report, is a detailed account of a secret meeting at the Maison Rouge Hotel in Strasbourg on Aug. 10, 1944. There, Nazi officials ordered an elite group of German industrialists to plan for Germany’s postwar recovery, prepare for the Nazis’ return to power and work for a ‘strong German empire.’ In other words: the Fourth Reich.” (This intelligence report is reprinted in full in our free booklet Germany’s Conquest of the Balkans.)

Seventy years on, the evidence is available for all to see. Germany is back as the dominant economic, financial, industrial and political force in Europe. As Herbert Armstrong prophesied, Germany has underwritten its comeback not by military force this time, but by sheer economic might!

But that’s only phase one of the German elites’ plan. Phase two is quietly shaping up in the background as Germany increases its deployment of its military forces in fields of combat overseas. Soon, the industrial might that has made it the third-largest exporter of military hardware will be turned to advantage, increasing its own armed strength in preparation for a demonstration that the Fourth Reich is a global force to be reckoned with.

The baring of Maastricht’s golden fangs is but a harbinger of the baring of the iron teeth of the rising empire of the biblically prophesied king of the north.

Watch for the Cyprus precedent to be reenacted in other failing euro economies. As you watch, look for the careful increase in military power of the Rome/Berlin axis, all under the approving eye of an appeasing Anglo-Saxon leadership.

But as you watch, know that these are but signs that the greatest world event of all is very near, even at the doors! (Mark 13:29).

If ever there was a time to watch and pray, it is NOW!

Read our booklet Germany’s Conquest of the Balkans and prepare for the imminent rise of the greatest government of all, one that will literally shove the Fourth Reich and all human governments into the annals of history—the unsurpassable rule of Jesus Christ over the universal government of God! (Isaiah 9:6-7).