More German-U.S. friction.

Last week President Barack Obama “rebuked EU leaders for failing to recapitalize banks and allowing the debt crisis to escalate to the point where it is scaring the world.”  Reaction from the German finance minister, Wolfgang Schäuble, was one of scorn, “I don’t understand how anyone in the European Commission can have such a stupid idea [spending one’s way out of a debt crisis].  The result would be to endanger the AAA sovereign debt ratings of other member states.  It makes no sense.”  Mr. Schäuble basically told Washington to “mind its own business” following Mr. Obama’s comments.  “It’s always much easier to give advice to others than to decide for yourself.  I am well prepared to give advice to the U.S. government.”

Some are concerned that Mr. Shäuble’s comments could anger the U.S., which is currently “propping up” EU debt with U.S. dollars (The Telegraph, September 27, 2011).  The once-strong relationship between Germany and the U.S. was hit hard at the start of the Gulf War.  It took another “hit” this week.  

Bible prophecy reveals that in the future, the German-led European Beast power will become a powerful adversary of many Israelite-descended nations (Isaiah 10:5-6; Hosea 11) during a time God refers to as the “time of Jacob’s trouble” (Jeremiah 30:7).  As world events move forward, look for further alienation of the U.S., Britain, and other western European and British-descended nations.  For more information, see our booklet, The United States and Great Britain in Prophecy.