News and Prophecy Staff

The EU Observer just published results of a German-conducted survey that was released on September 15. Survey participants hailed from Germany, Poland and France. When asked whether their nation would be better off with their own national currency, two-thirds of Germans said “yes” to a return to the Deutsche mark. Forty-nine percent (virtually half) of Germans also agreed that they would be “better off” if the EU did not exist.

Regular readers of this News and Prophecy and students of the Scriptures are aware that as the end of the age approaches, we will see far more troubling events. There will be more false prophets, wars, catastrophic weather, major geopolitical shifts, and the Israelite-descended nations will experience unique problems and suffering due to their outright rejection of God.  Without Christ’s own revelation, these escalating events will cause some to become paralyzed with fear and worry.

Germany is calling for a new European treaty by the end of the year to clear the way for more European integration and a new legal foundation for the Union.  “Germany would like to see… a legal basis that would give the European Court of Justice the jurisdiction to monitor the budgets of member states and to punish deficit offenders” (Der Spiegel, August 27, 2012).

The U.S. has recently been hit hard by severe weather.  “Nearly 75 percent of the country’s corn and soya bean-growing regions have been hit by extreme drought”—although the total damage will not be known until the October harvest (Deutsche Welle, August 28, 2012).  Last year, severe storms in the U.S., “caused an economic loss of about $46 billion” (about $25 billion was insured).  Insured losses were more than double the 2010 record (ibid.).

The resource-based Australian economy has greatly benefited from massive iron ore exports which have supported China’s economic boom.  “China takes 25% of Australia’s exports and iron ore accounts for 60% of all the goods Australia sells to China.  One reason Australia avoided recession during the global downturn of 2008-09 was that it had a well-run banking system.