Historical Cyclical Patterns Emerging in Greece

[George]

Greece defaulted on its IMF loan last night. It is interesting that it was actually the Greek Philosopher Plato who was the first to advocate the "credit" theory of money. His prized student, Aristotle, who taught Alexander the Great, continued to advance Plato's democratic and economic principles. Ironically, the first civilization to advance credit is now the first country of our time to default.
 

We must now be careful to pay attention to what happens in Greece as it will foretell what may come to other nations in the near future. We are seeing history unfold in a cyclical pattern -- there is nothing new under the sun!

 

As Solomon wrote,
 

Ecclesiastes 1:5-7, 9-10 The sun rises, and the sun goes down, and hastens to the place where it rises. The wind blows to the south and goes around to the north; around and around goes the wind, and on its circuits the wind returns. All streams run to the sea, but the sea is not full; to the place where the streams flow, there they flow again.

 

What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun. Is there a thing of which it is said, "See, this is new"? It has been already in the ages before us.

 

The same day Greece defaults we see anti-Semitic polls being released, suggesting "85% of Greeks Believe the Jews Have Too Much Power."

 

Greece—which faces the prospect of economic default at midnight on Wednesday—surpasses Iran and trails just slightly behind Turkey in the percentage of its residents who hold anti-Semitic views.

 

In total, 67 percent of Greek respondents agreed with the majority of a list of anti-Semitic statements included in the survey. Other European countries, particularly France and Germany, have experienced a decrease in overall anti-Semitic attitudes in the wake of recent attacks on Jews.

 

According to the ADL poll, 90 percent of Greeks agreed with the statement that “Jews have too much power in the business world” and 85 percent agreed “Jews have too much power in international finance markets.”

 

If the Jews are being blamed for Greece's default, what do you suppose will take place when the world economic crash takes place? The stage being set for Jeremiah's prophecy concerning the Jewish people.

 

Jeremiah 16:16 "Behold, I am sending for many fishers, declares the LORD, and they shall catch them. And afterward I will send for many hunters, and they shall hunt them from every mountain and every hill, and out of the clefts of the rocks.

 

May God prepare us all to stand for Him and his people in this hour.

 

 

 

The post Historical Cyclical Patterns Emerging in Greece appeared first on Watchmen in the Wilderness.

[George]

 

Greece sticks with bailout referendum with fiscal lifeline talks in the balance

 

Greece’s prime minister vowed Wednesday to stick with plans for a referendum over the cuts demanded to receive a financial rescue even as powerful lenders led by Germany insisted all talks are frozen until the outcome of the vote.

 

The insistence to hold the planned Sunday plebiscite came amid sharply mixed messages from the prime minister, Alexis Tsipras, that could further frustrate European partners and deepen rifts in Greece as the financial blows mounted.

 

The country is now cut off from its financial lifelines and on Tuesday became the first developed nation to miss a repayment deadline to the International Monetary Fund. 

[George]

Greek banks down to €500m in cash reserves as economy crashes

Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate by the hour and swathes of industry start to shut down, precipitating the near disintegration of the ruling coalition.

 

Business leaders have been locked in talks with the Bank of Greece, pleading for the immediate release of emergency liquidity funds (ELA) to cover food imports and pharmaceutical goods before the tourist sector hits a brick wall.

 

Officials say the central bank will release the funds as soon as Friday, but this is a stop-gap measure at best. "We are on a war footing in this country," said Yanis Varoufakis, the Greek finance minister. 

 

http://www.worthynews.com/top/telegraph-co-uk-finance-economics-11714655-Greek-banks-down-to-500m-in-cash-reserves-as-economy-crashes-html/