Recession Signs Are Hitting Europe; Is Lagarde Up For The Challenge?


Zero Hedge: A known quantity among the political and investor class of Europe, Lagarde seems like a safe choice: she is a lawyer by training, not an economist. Hence, she is unlikely to usher in any dramatic changes, in contrast to current European Central Bank president Mario Draghi, who significantly expanded the ECB’s remit in the aftermath of his pledge to do “whatever it takes” to save the single currency union (Draghi did this by underwriting the solvency of the Eurozone member states through substantially expanded sovereign bond-buying operations).

Instead, Lagarde will likely stick to her brief, as any good lawyer does. There’s no doubt that her years of operating as head of the IMF will also reinforce her inclination not to disrupt the prevailing austerity-based ECB ideology.

It’s summertime, but the living is certainly not easy in the Eurozone. more …

Opinion: When winter comes, the Eurozone will need more than a progressive French lawyer. It will need an economic savior. Someone to ride in on a white horse (Rev. 6:1-2) to save the continent, as so often happens in Europe:

  • Charlemagne ruled much of Western Europe from 768 to 814
  • Napoleon conquered much of Europe during the French Revolution (1789-1799)
  • Adolf Hitler, Chancellor of Germany in 1933, and Führer of Nazi Germany from 1934 to 1945

Europe is expecting the next ruler. Daniel 9:26 prophesies that a leader will rise from the empire (Roman) that destroyed the city (Jerusalem) and sanctuary (temple) in 70 AD. And he better hurry, with Europe’s economic weakness spreading north to Germany’s Deutsche Bank, an implosion could happen from which the ECB’s printing press may not able to dig out.

One way or another, Daniel 7:23-24 records that the revived empire, that bears an interesting resemblance to modern-day Europe, will be split into 10 regions with 10 leaders, and an eleventh king will arise and subdue three kings. He is Antichrist.

A massive bank failure handled by an inexperienced globalist lawyer may be the catalyst for the final Charlemagne (Rev. 13:1).