Showing posts with label Brexit. Show all posts
Showing posts with label Brexit. Show all posts

Sunday, June 11, 2017

COMMENTARY: The Darkness Closes In - ISRAEL TODAY Charles Gardner

COMMENTARY: The Darkness Closes In

Sunday, June 11, 2017 |  Charles Gardner  ISRAEL TODAY
As the dust begins to settle on the British General Election with a hung Parliament result, I believe we are entering a dark period for our nation. That’s not all bad news, because it is at such times that the light shines brightest.
Prime Minister Theresa May has been forced to form a government with the help of Northern Ireland’s Democratic Unionist Party (DUP), who are not only pro-Israel, but also opposed to same-sex marriage!
One candidate seemed to sum up the situation, perhaps inadvertently, by quoting the first line of a well-known hymn, “The day thou gavest, Lord, is ended…” no doubt referring to the long night he had endured waiting for the results. But it was prophetic of where we are, especially in terms of the next line: “The darkness falls at thy behest…”
Mrs May called the election in order to win a mandate for conducting Brexit negotiations from a position of strength, but the gamble has not paid off. The chips are down. Her Conservative Party has the most seats, but does not have an overall majority following a campaign which came down to a two-horse race.
Labour did far better than expected despite being led by a man of the hard left who has courted the IRA, Hamas and Hezbollah, and who only two years ago paid a visit to the grave of a Palestinian terrorist.
But he successfully won over swathes of impressionable young people, who turned out to vote in apparently unprecedented numbers. Somehow they have rallied to his cause, which seems mainly about turning our backs on austerity (i.e. spending money we haven’t got) and promising to abolish university tuition fees – bait which has proved very tasty, not only for students, but also for their parents. But who will pay for it?
It is hardly surprising that the youth of today – a second generation brought up largely without the biblical ethics that underpinned our civilization for centuries – are for the most part interested in no-one but themselves. So a short-term magic wand proves very attractive while Mrs May’s social care policies cut little ice.
Though she has been a loyal supporter of Israel, which is obviously important, I’m not sure a large majority for Mrs May would have been a good thing. The truth is that none of the main parties mentioned Christianity in their manifestos. Policies in support of healthy family life were almost totally absent – in fact the opposite was the case. For they all appear determined to incorporate the LGBT+ agenda into every facet of national life, even to the point of compulsory education on sexual relationships (including the supposed normality of gay sex) for nursery school children.
Caroline Ansell, defending a slim Conservative majority in Eastbourne, was hounded by the Press over her evangelical faith and because she had dared to employ an intern from the Christian campaign group CARE.
For many in this country, the gay issue has become like the nursery classic about the Emperor’s NewClothes, in which the emperor is brainwashed into thinking he is wonderfully dressed until a small child shrieks in horror: “The Emperor has no clothes!”
But with the DUP (with ten MPs) opposing the gay agenda and potentially crucial to government policy being carried in the foreseeable future, the naked truth may well be revealed.
We’ve become a society that, with its ‘diversity and equality’ program, is tolerant of everyone and everything – except Christians.
We are facing a double whammy – the threat of Islamic terrorism on the one hand, and the danger of collapse from within that comes to all decadent societies. I have a picture of a gaping wound which only Jesus can heal. The prophet Isaiah foretold of how the Messiah would die on the cross for the sins of the world, and that “by his wounds we are healed”. (Isaiah 53.5)
In discarding God from our culture following a world war when we could so easily have been invaded but for the prayers of the nation, we have poisoned ourselves with atheism. And we will only be cured when we acknowledge our diseased condition, and return to Christ for cleansing.
The Church, meanwhile, has been intimidated into silence for fear of being dubbed homophobic. But Christians must stop denying their Lord. Part of the problem for Mrs May was that, while claiming to be guided by her (Christian) faith, she is said to have been the prime mover (as Home Secretary) behind the introduction onto the statute book of same-sex marriage – a total contradiction of biblical teaching and one of the worst laws ever passed in this land. And yet we have been largely silent in calling her to account.
Liberal-Democrat leader Tim Farron, a committed believer, initially inspired hope among Christian voters until he too denied that gay sex was wrong. And then Mrs May sacked Isle of Wight MP Andrew Turner for his biblical views on sexual ethics.
We have seen a downward spiral of morality on a par with that which ultimately led to the collapse from within of Roman civilization. St Paul’s famous letter to the first century Roman Christians makes this absolutely clear as he encourages them to avoid being influenced by the depraved culture of those around them, whose descent into lust and lawlessness started by denying God as creator. God’s eternal power was obvious from the beauty of creation, “but their thinking became futile and their foolish hearts were darkened.” (Romans 1.21) Isn’t this what we have been teaching our children for generations: that we evolved from apes and God had nothing to do with the beauty we see all around us?
So for the Roman pagans, one thing led to another until they ended up engaging in “shameful lusts” (Romans 1.26) involving “unnatural” sexual relationships (i.e. lesbian and homosexual activity).
It’s no use pussyfooting over this issue with supposed compassion. We have participated, as those unbelievers in Rome did, in the suppression of truth, and we wonder why our walls are falling down and our bridges are breached as we come under attack from enemies of God and democracy.
The Bible says: “Righteousness exalts a nation, but sin condemns any people.” (Proverbs 14.34)
We stand condemned as a nation, but there is a way out! Hear the wonderful words of Jesus: “For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.” (John 3.16f)
Our walls are broken down because of our sin, and they will only be restored when we address the decadence in our midst and return to the God of our fathers.
As it is, the LGBT+ agenda has penetrated every crack and crevice of our national institutions, and you are simply not allowed to object – Christians who have done so have been hauled before the courts. We tolerate everyone else – but not Christians. Where is the place of personal conscience in our supposed liberal society?
We have built on sand, and are now found wanting. A fierce storm has hit us, leaving us wobbling and about to collapse. We need to rebuild on the Rock, which is Christ, who said: “Everyone who hears these words of mine and does not put them into practice is like a foolish man who built his house on sand. The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash.” (Matthew 7.26f)
Thank God for media outlets like Revelation TV, who hosted their own election night commenting on the great issues from a biblical perspective. One of their panel made the pertinent point that church leaders are failing to give guidance on voting to their congregations, as mosques clearly do. The Bible speaks into the issues at stake, so it is surely the duty of pastors and teachers to demonstrate, from the Scriptures, how certain policies are either right or wrong.
Finally, we need to recapture total confidence in the gospel as the sole means by which our beloved nation can be saved from its own folly. Let us say with St Paul: “For I am not ashamed of the gospel, because it is the power of God that brings salvation to everyone who believes: first to the Jew, then to the Gentile.” (Romans 1.16)

Charles Gardner is author of Israel the Chosen, available from Amazon, and Peace in Jerusalem, available from olivepresspublisher.com
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Monday, August 1, 2016

What Do Trump, Brexit and Christian Zionism Have in Common? - Brian Hennessy ISRAEL TODAY

What Do Trump, Brexit and Christian Zionism Have in Common?

Monday, August 01, 2016 |  
Brian Hennessy  ISRAEL TODAY
Throughout history we have seen how a nation oppressed by an autocratic government, whether foreign or its own, must eventually revolt or submit to humiliating slavery. We saw it in the American Revolution in 1776, and certainly in Israel’s Exodus from Egypt under Moses.It is in this context I believe we should view today’s Trump / Brexit / Christian Zionism (CZ) movements.  
As I see it, all three are powerful reactions to the same left-wing elitist bureaucracy that’s been  trying to impose its multi-cultural, no-borders, one-world vision on the nations.  This utopian vision is essentially the one immortalized by John Lennon in his iconic song, “Imagine.” So intoxicating was the vision that the elite imagined it could accommodate the ruthless reality of fundamentalist Islam, expecting it to quietly take its seat at the table. When Jihadists began murdering and raping everyone in sight they tried to ignore it, telling everyone, including themselves, that Islam was a religion of peace.  
They got away with it for awhile, especially in Israel where they were able to justify the Muslim Palestinian mayhem as a legitimate grievance against Jewish colonialism. Only those Evangelicals who knew the truth rose up to stand with Israel and denounced the world’s hypocrisy, giving birth to today’s Christian Zionist movement. Yet in spite of their outcry, world leaders continued to ignore Israel’s plight. Even 9/11 failed to throw enough cold water on them.
It wasn’t until it began happening in the cities of Europe, and again in America, that the West started to wake up and realize Islam would never willing submit to anyone else’s vision. It had its own vision of bringing the world into submission to Allah under Sharia Law! The elitist dream had become a nightmare. The result was a right-wing blowback in the form of Donald Trump, and the Brexit vote in England. 
Yet, there’s a fundamental difference between Trump/Brexit and CZ, God’s counter movement to what He is doing among the nations. (Yes, Virginia, nothing happens in this world apart from God’s will.) While Trump/Brexit is clear evidence the people no longer subscribe to John Lennon’s utopia and want out, CZ is not a political movement. But simply support for Israel against the nightmare.
Historically, CZ had its beginnings in groups like the French Huguenots and Puritans who saw the Biblical prophecies of a restored Jewish homeland when there was no natural hope it could happen. And they loudly proclaimed it in spite of strong opposition from the established church, which still embraced Replacement Theology. When God was true to His word and brought Israel into being in 1948, CZ then became a stalwart ally of the Jewish nation.
But I believe the role of CZ is changing once again. In the process of standing with Israel, many awakened to the Hebraic roots of our faith and we saw that we too were included in the promises to Israel through Messiah Yeshua. “For as many as are the promises of God, in Messiah they are yes” (2 Cor. 1:20).
What’s more, this awakening brought with it another eye-opening realization - that for centuries we Christians also have been dominated by an oppressive elitist autocracy that we need to be free of. Namely, the Hellenized institutional religious system that imprisoned us when the Church merged with pagan Rome under Constantine. We learned that’s when our Hebraic roots were stripped from us.  Not only did we lose the biblical context of Yeshua’s Jewish identity, but also all understanding that we could share in the kingdom promises to Israel. In their place we were presented with a Christian Christ, fed religious placebos and led away captive into centuries of ecclesiastical tyranny.
We soon lost all sense of our true identity. We are not, and never were, “Christians.” A religion is not a peoplehood. We have always been the grafted-in seed of Abraham. “For if you belong to Messiah, you are Abraham’s seed, heirs according to promise” (Gal. 3:29).
So where are all these movements headed? Who knows where Trump will take America if he wins, which I expect. Or if the rest of Europe will follow Britain and exit the EU in time to roll back the Muslim invasion. Also a possibility.
But there are two things we can be certain of. First, only the Zionist movement will result in the people coming into true freedom. Not only Jews and Israel, but all the followers of Yeshua who see and understand they are included in God’s restoration of Israel and get on board in time. 
And two, no matter how the Western nations reconfigure themselves to restore law and order, perhaps in a new Pax Romana, they will eventually coalesce around one world leader who will try and destroy Israel and the knowledge of Yahweh, who alone is God. 
The earth is now being shaken. Can the heavens be far behind?
Brian Hennessy is author of Valley of the Steeples
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Thursday, July 7, 2016

‘Currency Crash’ Drives British Pound To A 31 Year Low As Deutsche Bank Sinks To The Lowest Level Ever - Michael Snyder THE ECONOMIC COLLAPSE BLOG

British Pound Brexit - Public Domain

Posted: 06 Jul 2016  Michael Snyder  THE ECONOMIC COLLAPSE BLOG

The fallout from the Brexit vote continues to rock the European financial system.  On Wednesday, the British pound dropped to a fresh 31 year low as confidence in the currency continues to plummet.  At one point it had fallen as low as $1.2796 before rebounding a bit.  As I write this, it is still sitting at just $1.293.  Meanwhile, the problems for the biggest banks in Europe just continue to mount.  

At one point on Wednesday Credit Suisse hit an all-time record low, and German banking giant Deutsche Bank closed the day at an all-time record closing low of 12.93.  Overall, Europe’s Stoxx 600 Bank Index closed at the lowest level in almost five years.  What we are watching is a full-blown financial meltdown in Europe, but because it is not personally affecting them yet, most Americans are not paying any attention to it.

The collapse of the British pound that we have seen since the Brexit vote has been nothing short of breathtaking.  In fact, CNN says that this “is what a currency crash looks like”…
This is what a currency crash looks like. The pound has slumped to $1.28, its lowest level in more than three decades.
Investors are dumping the pound following Britain’s vote to leave the European Union on June 23. The pound has dropped roughly 15% since the referendum day, when it reached $1.50.
After appearing to stabilize, the pound resumed its decline this week after three big asset management firms halted withdrawals from real estate investment funds.
Of course this is likely only just the beginning.  There are some analysts that are suggesting that the British pound could eventually hit parity with the U.S. dollar at some point.  We are seeing seismic shifts on the foreign exchange market right now, and this is going to affect trillions of dollars worth of currency-related derivatives.  It will be exceedingly interesting to see how all of this plays out.

Meanwhile, Deutsche Bank continues to get absolutely hammered.

If the biggest and most important bank in Germany is not completely imploding, then why does the stock price continue to crash time after time?

Since the start of 2016, the value of Deutsche Bank has fallen by half, and many have pointed out that the trajectory that it is on is very, very similar to Lehman Brothers in 2008.

My regular readers are probably sick and tired of hearing me warn about Deutsche Bank, so today I will let someone else do it.  According to an article that was just published by the BBC, Deutsche Bank is now “the most dangerous bank in the world”…
Deutsche Bank shares hit a new record low today. It’s value has halved since the beginning of the year.
So is it now the most dangerous bank in the world?
According to the International Monetary Fund – yes.
Last week, the IMF said that, of the banks big enough to bring the financial system crashing down, Deutsche Bank was the riskiest. Not only that, Deutsche Bank’s US unit was one of only two of 33 big banks to fail tests of financial strength set by the US central bank earlier this year.
At this point Deutsche Bank is scrambling to raise cash to stave off an imminent implosion.  Just today, I came across a report about how they plan to sell at least a billion dollars worth of shipping loans in order to bring in some much needed funds.  Many of the steps that they are taking are reminiscent of what Lehman Brothers tried to do just prior to their collapse, and that alone should tell you something.

At the same time all of this is going on, things in Italy just continue to get even worse.  As of this moment, approximately 17 percent of all bank loans held by Italian banks are considered to be “non-performing”.  In other words, they are absolutely swamped by bad debts.  At the height of the 2008 crisis, only about 5 percent of the loans held by U.S. banks were bad.  So what we are watching unfold in Italy right now could definitely be described as “cataclysmic”.

Since the Brexit vote, Italian banks have been hit harder than anyone else.  The following comes from CNN
Shares in Italy’s Banca Monte Dei Paschi Di Siena have crashed 45% in 10 days, forcing regulators to temporarily ban short-selling in the stock. The bank has been given until Friday to come up with a plan to reduce its bad loans by 40% by 2018.
It’s not alone. Other Italian bank stocks have fallen by about 30% since June 23, when the U.K. voted to leave the European Union. Italian officials are trying to find ways to shore up the country’s financial system.
Italian banks have been choking on bad debt for years, but the U.K. vote has thrown their problems into sharp relief.
Personally, I have been amazed that the European financial system has been able to hold it together for this long.  A total collapse was inevitable, but I really thought that it would have started before now.  Up until this time we have seen small crisis after small crisis, but in 2016 the full-blown meltdown has finally arrived.

And this growing crisis in Europe is going to have a dramatic impact on the entire planet.  Everywhere you look the economic fundamentals are getting worse, and if you won’t believe me, perhaps you will believe this editorial by Tim Quast on CNBC
The bottom line is that the fundamentals of the economy and market don’t look good: Whoever you’re listening to — the Federal Reserve, to the Organization for Economic Cooperation and Development, to the International Monetary Fund — hoary heads of the dismal science see deepening malaise worsened by the Brexit, creaky European banks, possible copycat flight from the euro zone — even a slowdown for the U.S.
Can a market characterized by declining money flows, weakening fundamentals and arbitrage that has posted no material gain in over 18 months gather steam? Anything is possible. But it’s not a sound conclusion.
Whenever I post an article about Europe, it tends to get significantly less response than many of my other articles do.

But I hope that my fellow Americans will start paying attention to this growing crisis, because it is going to deeply affect all of us.

What is happening to the European financial system right now is truly history in the making, and I believe that it is going to be one of the biggest news stories of the second half of 2016.

Monday, June 27, 2016

We Just Witnessed The Greatest One Day Global Stock Market Loss In World History - Michael Snyder THE ECONOMIC COLLAPSE BLOG

Money Burning - Public Domain

Posted: 26 Jun 2016 Michael Snyder  THE ECONOMIC COLLAPSE BLOG

More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that global investors have already lost over the past 12 months.

It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding.  As I noted on Friday, we have been waiting for “the next Lehman Brothers moment” that would really unleash fear and panic globally, and now we have it.  The next six months should be absolutely fascinating to watch.

According to CNBC, the total amount of money lost on global stock markets on Friday surpassed anything that we had ever seen before, and that includes the darkest days of the financial crisis of 2008…
Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday, according to data from S&P Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis, according to S&P analyst Howard Silverblatt.
The prior one day sell-off record was $1.9 trillion back in September of 2008, Silverblatt noted. According to S&P’s Broad Market Index, combined market capitalization is currently worth nearly $42 trillion.
And of course many of the wealthiest individuals on the planet got absolutely hammered.  According to Bloomberg, the 400 richest people in the world lost a total of $127.4 billion dollars on Friday
The world’s 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index. The biggest decline belonged to Europe’s richest person, Amancio Ortega, who lost more than $6 billion, while nine others dropped more than $1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K.
Could you imagine losing a billion dollars on a single day?

I am sure that Bill Gates and Jeff Bezos are not shivering in their boots quite yet, but what if the markets keep on bleeding like they did in 2008?

On the other hand, globalist magnate George Soros made a ton of money on Friday because he had positioned himself for a Brexit ahead of time.  The following comes from the London Independent
The billionaire who predicted Brexit would bring about “Black Friday” and a crisis for the finances of ordinary people appears to have profited hugely from the UK’s surprise exit from the EU.
George Soros is widely known as the man who “broke” the Bank of England in 1992, when he bet against the pound and made a reported £1.5bn.
Although the exact amount Mr Soros has gained after Brexit is not known, public filings show he doubled his bets earlier this year that stocks would fall.
So what will happen on Monday when the markets reopen?

Personally, I don’t think that it will be as bad as Friday.

But I could be wrong.

In early trading, Dow futures, S&P 500 futures and Nasdaq futures are all down
Dow futures fell by 90 points in early trading, while S&P 500 futures slipped 11 points, and NASDAQ futures dipped 24 points. Gold futures rose, in a reflection of sustained demand for safe-haven assets.
And at this moment, the British pound is getting absolutely crushed.  It is down to 1.33, and I would expect to see it fall a lot lower in the weeks and months to come.

Why?

Well, the truth is that now that the British people have voted to leave the EU, the globalists have to make it as painful as possible on them in order to send a warning to other nations that may consider leaving.  I think that a recent article by W. Ben Hunt explained this very well…
What’s next? From a game theory perspective, the EU and ECB need to crush the UK. It’s like the Greek debt negotiations … it was never about Greece, it was always about sending a signal that dissent and departure will not be tolerated to the countries that matter to the survival of the Eurozone (France, Italy, maybe Spain). Now they (and by “they” I mean the status quo politicians throughout the EU, not just Germany) are going to send that same signal to the same countries by hurting the UK any way they can, creating a Narrative that it’s economic death to leave the EU, much less the Eurozone. It’s not spite. It’s purely rational. It’s the smart move.
The elite need a crisis now in order to show everyone that globalism is the answer and not the problem.  If the British people were allowed to thrive once they walked away, that would only encourage more countries to go down the exact same path.  This is something that the elite are determined to avoid.

The Brexit vote has barely sunk in, and Bank of America and Goldman Sachs are already projecting a recession for the United Kingdom.  Sadly, I believe that this is what we will see happen.

But it won’t just be the British that suffer.

On Friday, European banking stocks had their worst day ever.  In particular, Deutsche Bank fell an astounding 17.49 percent to an all-time record closing low of 14.72.  I have warned repeatedly about the implosion of Deutsche Bank, and this crisis could be the catalyst for it.
In addition, I have repeatedly warned about the slow-motion meltdown that is happening in Japan.  On Friday, Japanese stocks lost 1286 points, and the yen surged in the exact opposite direction that the government is trying to send it…
Tokyo, we have a problem.
Last week, market tumult stemming from the U.K.’s vote to quit the European Union drove the British pound to its weakest levels in three decades.
Yet it also sent investors flocking to traditional safe haven assets like the U.S. dollar, gold and the yen, the latter surging against every major currency as the results of Brexit became clear: Dollar/yen spiked from a Thursdayhigh near 107 to a two-year low near 99.
Just like in 2008, there will be days when global markets will be green.  When that happens, it will not mean that the crisis is over.

If you follow my work closely, then you know that it is imperative to look at the bigger picture.  Over the past 12 months, there have been some very nice market rallies around the world, but investors have still lost trillions of dollars overall.

What happens on any one particular day is not the story.  Rather, the key is to focus on the long-term trends.

And without a doubt, this Brexit vote could be “the tipping point” that greatly accelerates our ongoing woes…
“Brexit is the biggest global monetary shock since 2008,” said David Beckworth, a scholar at the Mercatus Center at George Mason University, in a blog post on Friday. “This could be the tipping point that turns the existing global slowdown of 2016 into a global recession.”
We were already dealing with a new global economic crisis without the Brexit vote.  But what this does is it introduces an element of panic and fear that had been missing up until this current time.

And markets do not like panic and fear very much.  In general, markets tend to go up when things are calm and predictable, and they tend to go down when chaos reigns.

Unfortunately, I believe that we are going to see quite a bit more chaos for the rest of 2016, and the trillions that were lost on Friday may turn out to be just the tip of the iceberg.