#27: The America Europe Financial Crisis
America and Europe are in financial crisis, just look at the news reports on the economy. In 2008, America almost collapsed financially. Here's what Nancy Pelosi wrote in USA Today back in September 17, 2013:
"Five years ago today when I was the Speaker I gathered the other Democratic House leaders in my office to discuss the latest financial news. I told them that, as a matter of course, Treasury Secretary Henry Paulson briefed me on the state of the markets and the financial system, but had not done so that week. In that time, Lehman Brothers had filed for bankruptcy, Merrill Lynch had faced failure and had been purchased by Bank of America, and two days earlier AIG had survived only after a Federal Reserve bailout. After the meeting at 3:00 p.m., I placed a call to Secretary Paulson and asked him to come the next morning to brief the leadership. Then came his STUNNING response: ‘Madam Speaker, Tomorrow morning will be too late.'"
She continued: "And she continues to write: “We then planned to meet at 5:00 p.m. that day, and I invited Federal Reserve Chairman Ben Bernanke to join us. Later that evening the meeting commenced with Democratic and Republican leaders from both the House and the Senate. Secretary Paulson described a meltdown and financial crisis from the depths of hell!”
The crisis spread to Europe and it's still going on. But what many don't realize is that this will lead to something that will transform this world. Bible prophecy says that Europe will unite politically. Revelation 17 says ten nations will unite together under the leadership of a strong man and Gerald Flurry boldly predicts that it is because of a financial crisis. This is based on a prediction of Herbert W. Armstrong back in 1984.