Friday, November 11, 2011

Begging China and Russia for Money

What happens when Europe comes up with another "plan" to save itself...but then finds out they don't have the money to fund the "plan"?

Answer;  you go to China and Russia and beg for money to fund your "plan".

Last month Klaus Regling, the head of the European Financial Stability Facility, travelled to Beijing to try to persuade China's leaders to help.

Europe has been discussing establishing a special purpose investment vehicle to persuade China and other potential contributors, and is exploring the possibility of linking it to the IMF.

Lagarde visited Moscow before heading to China, and on Wednesday the Russian government said it was not prepared to invest directly in the EU rescue fund and would prefer to help the eurozone through the IMF.

Men Jing, chair of European Union-China relations at the Belgium-based College of Europe, said in a comment piece published in the official China Daily newspaper that Europe needs to behave in a "responsible way."

"It is ridiculous that rich European nations have their begging bowls out and want money out of the pocket of China, whose per capita income is only about $4,000," she said.


Begging for money from Russia and China is an act of desperation. Why would or should either country invest in European bonds other than Germany when Europe has not fixed its structural problems?

Here;  http://globaleconomicanalysis.blogspot.com/2011/11/world-has-major-funding-gap-imf-begs.html

Of course we don't know when this whole financial system is going to collapse in Europe....but we know it will.  We also know that it will spread to the U.S.  It has to.  The current system needs to be swept away to make way for the new financial system that will ultimately be run by the Antichrist and his cohorts.

Is the Antichrist already on earth...just waiting for the final curtain of the rapture to drop so that he can sashay onto the stage and really mess up planet earth?

I'm betting he is here...

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