Financial chaos looming in Europe

On July 19th, 2011 a columnist in The Daily Telegraph wrote the following:

We are heading towards fiscal union or break-up,” said David Bloom, currency chief at HSBC. “Talk is no longer enough as the fire threatens to leap over the firebreak into Spain and Italy.

“What the market is worried about is Germany’s long-term commitment to the euro project. If we see unreserved and absolute backing from the political establishment of Germany, that will be a soothing balm.”

Chancellor Angela Merkel seemed in little hurry on Tuesday to convey such a message. There will be no “spectacular step” at the Justus Lipsius building on Thursday; just a “controlled process of gradual steps and measures”, she said with unflappable calm. Given the simmering wrath from top to bottom of German society, it may be impossible for her to do much more. Read the rest of the article…

The financial chaos that is spreading in Europe is something that the Christian should watch carefully. The Scripture speaks clearly about the political landscape in Europe in the last days and especially during the period when Antichrist is to the fore.

Several important economic features of Antichrist’s empire are revealed in Scripture.

  • Revelation 18. His kingdom will be a ten-kingdom trading confederacy occupying the territory of the Roman Empire, and headquartered in Babylon. It is clear from Revelation 18 that the emphasis of his empire will be universal trade and it will be marked by great prosperity. The merchants of the world will be made rich by trade with Babylon, Revelation 18:3, 9-15. This same view of Antichrist is set out in Ezekiel 27-28. In this passage the King of Tyre is evidently Satan himself, (Ezekiel 28:12-19); the prince of Tyre is a title applied to the Antichrist as Satan’s ‘deputy’. The city of Tyre will yet play an important role in Babylon’s trading empire – perhaps functioning as a major seaport for trading purposes. Germany was never a part of the Roman Empire and so it is interesting to watch her role in current events! Political/economic pundits have suggested the possibility of Germany withdrawing from the Eurozone to protect her own economic interests. 
  • Daniel 11:20-21. The Antichrist appears here as a vile person, v21. He is immediately preceded by a raiser of taxes, v20 who falls suddenly and unexpectedly from power to be replaced by Antichrist who takes the kingdom by flattery. It is interesting to see this economic factor in his rise to prominence. The view of Antichrist here is one who is liberal and bountiful. See Daniel 11:24 where he distributes the spoils of war in an unprecedented fashion – He shall scatter…riches. He will likely appear as some kind of economic ‘saviour’ and be welcomed as such.

The Greek connection.

It should be remembered that this latest economic crisis has its roots in Greece. This too has important connections to the rising of the Antichrist. In the ten kingdom confederacy phase of the Roman Empire, he rises out of the territory/kingdoms once occupied by the Grecian Empire. Particularly he rises as a king of “the north”, Daniel 11:15-21. This is a reference to the northern or Syrian division of the Grecian Empire that was divided into four parts in the wake of Alexander the Great’s death.

In Daniel 7, which gives a chronological timeline of the rise of the Antichrist, it is taught that he as the “little horn” rises out of the ten horn phase of the Roman Empire and in his rise uproots three of those ten. This seems to focus attention again on the four Grecian subunits of that empire. In Daniel 8 a parallel timeline is given only it traces the natural/ethnic/moral origins of Antichrist rather than a chronology. In this instance the “little horn” rises out of the horns of Greece (Daniel 8:8-9).

When John describes the Antichrist in Revelation 13:2 he is largely and substantially “like a leopard” – the symbol employed in Scripture for the Grecian Empire.

The scene is surely being set for the emergence of the man of sin and the coming of the Saviour.

 

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