The Book of Eurorevelation Part II

Chapter Seventeen verses 1-18

17:1 And there came France, one of the seven nations which had the seven debts, and talked with me, saying unto me, Come hither; I will shew unto thee the judgment of the great whore ratings agency that sitteth upon many waters:
17:2 With whom the banks of the earth have committed fornication, and the investors of the earth have been made drunk with the deals of its fornication.
17:3 So he carried me away in the spirit into the wilderness: and I saw it sit upon scarlet coloured bonds, full of names of blasphemy, having seven heads and ten horns.
17:4 And the agency was arrayed in purple and scarlet colour, and decked with gold and precious stones and pearls, having a golden cup in its hand full of abominations and filthy deals of its fornication:
17:6 And I saw it drunken with the blood of the indebted ones, and with the blood of the martyrs of the Euro: and when I saw it, I wondered with great admiration.
17:7 And France said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the agency, and of the bonds it rides upon, which hath the seven heads and ten horns.
17:8 The bonds that thou sawest were, and were not; and shall ascend out of the bottomless pit, and go into perdition: and they that dwell on the earth shall wonder, whose names were not written in the book of issuance from the foundation of the Euro, when they behold the bonds that were, and are not, and yet are.
17:9 And here is the mind which hath wisdom. The seven heads are seven mountains of debt, on which the agency sitteth
17:10 And there are seven sovereigns: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
17:11 And the bonds that were, and are not, even he is the eighth, and is of the seven, and goeth into perdition.
17:12 And the ten horns which thou sawest are ten nations, which have received no bailout as yet; but receive power as sovereigns with ratings from the agency.
17:13 These have one mind, and shall give their power and strength unto the bonds.
17:14 These shall make war with the IMF, and the IMF shall overcome them: for he is Lord of funds, and lender of lenders: and they that are with him are called, and chosen, and faithful.
17:15 And he saith unto me, The waters which thou sawest, where the agency sitteth, are peoples, and multitudes, and nations, and tongues.
17:16 And the ten horns which thou sawest upon the beast these shall hate the agency, and shall make it desolate and naked, and shall eat its flesh, and burn it with fire.
17:17 For the Euro hath put in their hearts to fulfil its will, and to agree, and give their kingdom unto the bonds, until the words of the Euro shall be fulfilled.
17:18 And the agency which thou sawest are those ratings, which reigneth over the sovereigns of the earth.

Blessed be the name of the Euro
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January 14, 2012 at 12:29 AM ×

And the whore was made fresh, and dealt among us.

Jean 1:14

January 14, 2012 at 11:17 PM ×

Hilarious, reminds me a bit of Monty Python's search for the Holy Grail, when they face the killer rabbit. The priest reads out the verse "and thou shalt unplug the hand grenade after three counts, not two not four, but thou must only countest to three" Sorry, I loved that film and you're post was a funny reminder.

January 16, 2012 at 3:34 AM ×

Verily, Asian traders hath sold the Euro and markets become mightily yennish....

Pear-shaped Tuesday ahead.

January 16, 2012 at 4:28 AM ×

Off topic, a very long but articulate marshaling of the arguments I have sometimes presented here, that the present crisis has to some extent been manufactured and amplified in order to destabilize democratic institutions and enable the transfer of state-owned assets to the oligarchy under the flag of austerity measures instituted by non-elected technocrats.

Europe's Transition: Michael Hudson

You may not agree with the politics, but one has to acknowledge the logic and facts behind some of the writer's arguments. LB will now take off his Loony Left hat and put his joker's cap back on again...

January 16, 2012 at 6:54 PM ×


You comments on this blog are generally the most perceptive, incisive and entertaining of the regulars in the comments section. That being said, please put the Loony Lefty hat through the incinerator. That Michael Hudson article is chock-full of factual errors and suffers from a fundamental misunderstanding of the monetary system.

To some extent, I agree with the conclusions of decreased labour power and thorougly diminished democratic insitutions, but the tangled web he weaves is so full of misrepresentation and misunderstanding that I cannot even begin to buy into his narrative.

That aside, this marker seems unable to rally on either good or bad news. My gut is telling me the next move is up, but my brain is second-guessing..