Draghi now more Influential than Bernanke · September 13, 2012

Posted: September 14, 2012 in Uncategorized
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Draghi now more Influential than Bernanke · September 13, 2012

Mario Draghi, the president of the European Central Bank, is now the central banker with the most global influence on the economy and the markets. He has more influence than the U.S. Federal Reserve Chairman, Ben Bernanke.

“Super Mario” as he is sometimes nicknamed has taken center stage because the world’s economic problems largely stem from Europe right now. While that is the case, he will wield a lot of influence on the global economy. He has bigger problems than Bernanke, and therefore investors pay a lot more attention to him.

That’s not to say that that Fed chairman doesn’t have influence. His recent speech in Jackson Hole, Wyoming carried considerable influence in the markets when he said the Fed would stimulate the U.S. economy, and consequently the global economy, if necessary.

In spite of much speculation that the eurozone might collapse, Draghi recently said the ECB would do “whatever it takes” to hold the eurozone together and said “believe me it will be enough.” The markets rocketed upwards on that statement because investors assumed that the ECB would start buying bonds from the larger indebted countries like Spain and Italy.

The imminent danger of the euro crisis, places considerable weight on Draghi’s words and actions. “The stakes in Europe are much higher [than in America],” says Ethan Harris, co-head of global economic research at Bank of America Merrill Lynch. “Europe is already in a recession. Their banking system is in worse shape than ours. And their fiscal policy process is even more broken… The survival of the euro is at stake.”

Draghi will need German government support, which Angela Merkel is likely to give him, though she would have some opposition in certain parts of her government. Ultimately, Draghi’s plans to save the euro will also need the support of the German people.

And Draghi is appealing to the Germans to support his efforts to rescue the euro. He wrote an article in a German weekly Die Zeit, in which he said the ECB sometimes must use “exceptional measures” to stabilize the currency alliance.

For now, Draghi holds the title of the world’s most influential market mover, but that should shift back to Bernanke if the economy in the U.S. begins to sputter or if there are significant jolts to it.

Bible prophecy says these moneymen, or merchants of the earth, are in league with each other and with the institutions with which they interact to manage the money supply, and will be instrumental in giving the papacy much power and influence in the last days. Don’t forget that there are economic sanctions placed upon those who will not go along with papal worship (see Revelation 13:17). Economic saviors will have a lot of influence on the development of the circumstances leading to the final crisis.

Speaking of spiritual Babylon (or the Catholic system), the Bible says, “For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” Revelation 18:3

Please read this study guide just click on read online or you can listen to audio or watch the video do it for yourself

The Other Woman  

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Every marriage must rely on trust – and likewise in our union with Christ, we must remain faithful to Him and His Word. Revelation speaks about the true bride of Christ, but there is another woman who is trying to seduce believers away from God’s Word. Revelation contains a shocking message about Babylon, the other woman. Babylon is fallen, and Christ’s people must escape her charms or perish! Th…

 

Europe’s central bank chief above Fed chair in power

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