A few days ago I attempted to explain how quantitative easing is a relevant event in context of the ongoing spiritual warfare. I wrote that the Federal Reserve’s new round of quantitative easing is an event that could potentially mark the beginning of a period of global currency devaluation that is predicted by the spiritual forces of evil and is biblically possible because it represents a deliberate act by the U.S. to outpace other countries in a global currency devaluation race/global currency war.
Quantitative Easing is one of a few topics relating to economic and finance that has caught my attention in the past several weeks and months. One of the events that I’ve been particularly interested in is the ongoing angry protests in Europe over governments’ attempts to enact reform, benefit reductions, and spending cuts. In fact, I’ve often recommended headlines relating to these ongoing protests on the Latest News and Commentary section of my blog. Today I attempt to explain how this seemingly unrelated topic is relevant to even those who do not live in Europe.
I write this article on a day when tens of thousands of British students are forcefully protesting the Conservative government’s plan to increase fees for college students by 300% (in other words, triple the cost of going to college). The protestors broke into Conservative Party (the ruling British political party) headquarters, attempted to set the headquarters on fire, and managed to takeover the roof of the building. The protest makes for compelling television but that is not the main reason why a person should watch it or watch other protests.
The ongoing protests in Britain, Greece, France, Spain, Portugal, and other countries over governments’ proposals to reduce spending, reduce benefits, and implement reform is important to watch because the intensity of these protests could determine how politically feasible it is for governments to deal with their mountains of debt without resorting to currency devaluation/money printing.
- The more severe these protests become the less willing these leaders are likely going to be to implement radical government and spending reform because they will realize through these protests that they may lose their position of power (peacefully or forcefully) if they dare implement policies that are extremely unpopular with a large segment of the population. The one thing that makes most politicians quiver in their boots is to jeopardize their reelection hopes…
- The more severe these protests become the likelier leaders may turn to currency devaluation if such an option is available (it’s not an option for individual countries who use the Euro at this moment, but it can become an option for individual countries if they decide to drop the Euro as a currency or if many members that use the Euro face massive protests).
Perhaps another reason why people who do not live in Europe should remain aware of the ongoing protests and unrest in Europe is that it is a preview of what is going to come in non-European countries who possess a lot of debt (like the U.S.). European leaders are attempting to deal with their debt problems now while leaders in countries like the U.S. talk about dealing with their massive debt problem yet do nothing about it. The ongoing European protests and unrest suggest that there is going to be a lot of political and social instability in non-European countries when these leaders eventually attempt to address their respective debt problem.
- Therefore, if you live in a heavily indebted country like the U.S, do not be surprised to see massive protests and major social unrest when your government finally addresses the debt problem.
In sum, rising anger and unrest in Europe can eventually increase the likelihood for currency devaluation in Europe and increase the probability that we will indeed see a period of global currency devaluation (as you cannot have a true global currency devaluation period without Europe involved). In addition, the anger and unrest in Europe is a warning for people who live in heavily indebted countries outside of Europe that major political and social unrest is coming to them soon.
