EU wants more military spending and revenue from bonds, investments, and taxes

The European Union is considering ways to finance a larger military, including raising taxes, accumulating more national debt, or issuing joint EU securities. The EU also faces significant investment needs in climate change, defense, and digitalization. Increasing private sector investment and implementing a wealth tax are potential funding sources. The Bible suggests that before the rise of the final king of the north, there will be a raiser of taxes. Europe's goal is to become a strong military power independent of the USA, with plans to defeat the USA and its British allies. Steps are being taken to create a great European army. This is the Bible News Prophecy Program, bringing you news and analysis of world events in the light of Bible Prophecy. The following program is brought to you by the Continuing Church of God. Greetings, friends and brethren around the world. This is James Markinette for the Bible News Prophecy Program. EU wants more military spending and revenue from bonds, investments, and taxes. Europe is looking at ways to finance a larger military. Europe's rearmament. New temptation to issue euro bonds. 30th of May, 2024. How will Europe's governments finance the boost in defense spending? Three options are possible. Raising taxes, raising national debt, or issuing joint EU securities. The EU's military expenditure is certain to increase significantly. Presidential candidate Donald Trump has dropped hints that the U.S. could leave NATO and that the Europeans fend for themselves. The reaction in Europe to the combined pressures of a war on a doorstep and threatened withdrawal of U.S. military support has been mixed. Europeans do not need to make intolerable sacrifices to increase their military expenditures and enhance deterrence. The circumstances require more spending on the military. So how can governments fund it? Three options are possible. Raising taxes, accumulating more national debt, or issuing joint EU securities. A rise in taxation is the most troublesome and painful among the instruments available, at least in the short run. Disputes would ensue on whether it should be a national or an EU tax and who decides how the revenues are spent. That could lead to tensions across the alliance. Moreover, taxing the rich would not suffice since there are not enough high-income, well-to-do taxpayers. The acts would need to drop heavily on those with lower incomes. Debt makes good political sense for Brussels. The financial markets could easily absorb this, especially if the authorities refrain from dubbing this instrument a war bond. From www.gisreportsonline.com How can the EU finance its ambitious spending plans? 29th of May 2024, the European Union faces monumental investment needs in climate change, defense, and digitalization. The so-called Green New Deal is the flagship project of the current European Commission under its president, Rissela von der Leyen. Aimed at making the 27-member EU climate neutral by 2050, the initiative is estimated to require annual investments of up to €1 trillion. One way to alleviate European Union countries' funding needs could be to increase private sector investment. Another funding source could be joint EU borrowing. Julia Cage, an economics professor at Sciences Po in Paris, proposes a wealth tax directly levied by the European Union, which would make it harder for rich and super-rich European Union citizens to sneak through national taxation loopholes. A progressive environmental tax that increases with an individual's carbon footprint could make the wealthy more accountable for their emissions, she argued, and distribute the financial burden of stopping climate change more equitably. From www.dw.com Europe may issue bonds, have more capital investment, as well as raise taxes, as the latter seems to be suggested from scripture. How so? Well, first consider that the late Pastor General of the Old Radio Worldwide Church of God, Herbert W. Armstrong, wrote the following. In Daniel 11 verse 21, referring in original, typical fulfillment to Antiochus Epiphanes, there shall stand up a vile person. So once again, before the second coming of Christ, a vile leader will stop the daily sacrifices from being offered. The same prophecy spoken by Jesus is also reported by Luke 21 20-24. Armstrong, H.W. Personal, Plain Truth Magazine, June 1967. Thus, Herbert W. Armstrong clearly taught that starting at least from verse 21, that Daniel 11 had a dual future fulfillment. Presuming he was correct, we are getting very close to the fulfillment of Daniel 11 verse 21. Now, let's see that the Bible suggests that before the final king of the north rises up, there will come a raiser of taxes. There shall arise in his place one who imposes taxes on the glorious kingdom, but within a few days he shall be destroyed, but not in anger or in battle. And in his place shall arise a vile person. Daniel 11 verse 20-21a. So, there looks to be a connection between verse 20 and verse 21. Hence, soon we may see this raiser of taxes rise up or perhaps if this person does not have to be male, current EU Commissioner Ursula von der Leyen will get re-elected and will raise taxes, which she has proposed, and not live out her term. Or she may be soon replaced by a male who will raise taxes and then die shortly thereafter. Furthermore, consider that funding its military is one of the main reasons that the EU wants more revenue. Climate matters will be touted for at least political reasons as well. And Europe's funding of its digitalization plans look like a way to fulfill 666 prophecies in Revelation 13 verses 15-18. Have no doubts about it. There is a shift going on in Europe. Many of the leaders in Europe have decided that they will support a bigger and stronger military as well as more digital control. The Bible teaches that the coming European king of the north will have a great army. Daniel 11 verse 25 and many ships. Daniel 11 verse 40. Once the European beast power uses his forces to fulfill prophecies, such as are in Daniel 11 verses 39-43, the world will marvel because it thought that Europe was basically dead from a military perspective. Then I stood on the sand of the sea, and I saw a beast rising up out of the sea, having seven heads and ten horns, and on his horns ten crowns, and on his head a blasphemous name. Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority. And I saw one of his heads as if it had been mortally wounded, and his deadly wound was healed. And all the world marveled and followed the beast. So they worshipped the dragon who gave authority to the beast, and they worshipped the beast, saying, Who is like the beast? Who is able to make war with him? Revelation 13 verses 1-4. Bob Thiel adds that it has been his published view for 15 years that technology will be key for Europe to do this. Consider also that Europe got more serious about taking steps prior to the Russia-Ukraine conflict after the first election of Donald Trump as USA president. One step was the formation of something called permanent structured cooperation, commonly called PESCO. PESCO is a multinational European military alliance. A while back, the Continuing Church of God, CCOG, put out the following video on our Bible News Prophecy YouTube channel. PESCO and a great European army. In November 2018, French President Macron called for a true European army because of China, Russia, and the USA. Some others in Europe have echoed that sentiment. On November 9, 2018, US President Donald Trump called that an insult, but the next day said that the USA wanted a very strong Europe. Emmanuel Macron referred to Donald Trump as my friend and indicated a desire to strengthen Europe's military spending. In December 2017, 25 European nations agreed to be part of a military alliance called PESCO. Europe also has NATO and IEI. Will Europe end up with a great army? Has Donald Trump's announcement to withdraw from the 1987 Intermediate-Range Nuclear Forces Treaty gotten some to say that Europe must rebel against the USA? Is the idea of a United States of Europe and a European army a paranoid fantasy or a biblical reality? Will the USA regret Europe becoming a stronger military power? Will the USA be betrayed by friends such as its continental European allies? Does the Bible teach any or all of this? Are there connections to the Beast of Revelation or the King of the North of Daniel 11? Dr. Thiel addresses these matters in this video. Almost all European Union nations are part of PESCO, and PESCO has been funding a variety of technological projects and wants to fund more. With the perspective of another Donald Trump presidency, Europe does not wish to wait to take steps. It is taking more and more now. The basic plan is for Europe to be a strong military power, independent of the USA, and one that the Bible shows will ultimately defeat the USA. Daniel 11 verse 39, See also, USA in prophecy, the strongest fortresses. Although many in the USA and elsewhere act like that is not possible, those of us who understand certain aspects of biblical prophecy realize that the Bible shows that. Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory, and he shall cause them to rule over many, and divide the land for gain. Daniel 11 verse 39, The he above is the European king of the north. In the 21st century, the strongest fortresses belong to the USA and its British descended allies. See Daniel 8 verse 24-25, Isaiah 17 verse 3, and notice that the Bible says that the power with the strongest fortresses will be defeated. Steps to create a great European army are being taken now, with plans to do more in the future. Many want Europe to become a major military power. The political situation in the USA is making the Europeans nervous. An unintended consequence of the Trump administration policies was to get the Europeans to look seriously at being a military power independent of the USA. Europe is now working to do so and is looking at multiple ways to fund this. This will not end well for the USA. See Daniel 11 verse 39, Nor its British descended allies. See Daniel 8 verse 24-25, Isaiah 17 verse 3. Some items of possibly related interest may include, Europa, the beast, and Revelation. Where did Europe get its name? What might Europe have to do with the book of Revelation? What about the beast? Is an emerging European power the daughter of Babylon? What is ahead for Europe? Related videos, European history and the Bible, Europe in prophecy, the end of European Babylon, and can you prove that the beast to come is European? The European Union and the seven kings of Revelation 17. Some claim that these passages refer to a gathering of ten currently existing nations together, while one group teaches that this is referring to eleven nations getting together. Is that what Revelation 17 verses 12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon in the English language is titled, Ten Kings of Revelation and the Great Tribulation. Who is the king of the north? Is there one? Two biblical and Roman Catholic prophecies for the great monarch point to the same leader. Should he be followed? Who will be the king of the north discussed in Daniel 11? Is a nuclear attack prophecy to happen to the English speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1,335 days, 1,290 days, and 1,260 days, the time, times, and half a time, of Daniel 12 begin? When does the Bible show the economic collapse will affect the United States? Three related videos, The King of the North is Alive! What to look out for? The Future King of the North and Rise of the Prophesied King of the North. The Great Monarch, Biblical and Greco-Roman Catholic Prophecies. Is the Great Monarch of Greco-Roman Catholic Prophecies endorsed or condemned by the Bible? This is James Martinette. This Bible News prophecy program was sponsored by the Continuing Church of God. For more information, including access to our free literature, visit BibleNewsProphecy.net or www.ccog.org.