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We now have what you might call a United States of Europe. The first step toward the formation of a European superstate was the Benelux Agreement on June 8, 1948. This was a treaty between three very small countries, Belgium, The Netherlands, and Luxembourg. Several years later, in 1957, in the city of Rome, and with a document called "The Treaty of Rome," those three countries joined with three other countries, Italy, France, and Germany to make the EEC (European Economic Community) which we call the Common Market. Today the organization is known as the EU (European Union) In 1973 the United Kingdom or England came in along with Ireland and Denmark, making a total of nine nations. In 1981 Greece became a member of the union. Spain and Portugal have joined in 1986, and in 1995 Austria, Finland and Sweden were added to the official list.
The success of this European unity is a further impetus to global unity.
The total debt in America (Federal, municipal, corporate, real estate & consumer debt) in 1980 was about $2 1/2 Trillion. Presently it is over $17 Trillion! This means it has increased more than 600% in 15 years! We have a collapsing economy that is not capable of repaying that debt! This indebtedness exceeds the total real estate and corporate equities of the entire country! We're insolvent. We owe European bankers. The Federal government must borrow over a trillion dollars in the next 12 months - more than a billion dollars per day, just to pay the interest! (Missler, New World Order, Audio briefing package, tape 1)
When the United States gets into financial trouble it causes world-wide economic instability. We really do have an insurmountable problem, based on the inability to pay back our debt right now. What can we do now? Some are saying we will have hyper inflation- printing more and more money to pay old debts. This is what ruined the economy of Germany before World War II. The effect of this is that people's hard-earned savings will become practically useless. In Germany people had to take a wheelbarrow full of money to the store just to buy a few groceries.
Every time you charge interest you create a problem. Money has not been printed to cover that interest, so there isn't enough money to cover all the debts. Picture this simple scenario. Suppose there was $1000 in real money printed, and half of it was loaned out at 10% interest. The total amount of money now held or due would be $1050, but there would only be $1000 to cover it!. Imagine how this problem is compounded by the constant lending of the same money. Another way of looking at this is that if everyone demanded the money due them there would only be a fraction of that total amount available to meet that demand.
The Bible says we are not to charge interest. (Exodus 22:25; 25:36; Nehemiah 5:7-11; Psalm 15:5)
If we were strong enough morally, to stand alone, we could conceivably let the rest of the world do whatever crazy things they want to do, but we don't have that luxury, because we owe so much to foreign banks.
Our financial weakness also gives rise to trade wars and what might be unfavorable trade agreements, such as NAFTA and GATT. The GATT agreement is a 22000 page document which includes provision for a World Trade Organization (with no practical means of withdrawal). (Chuck Missler, New World Order, Audio briefing package, Tape 1)
