European Leaders said to be working on Fiscal Union

There was a time when I had thought the Antichrist would receive his kingdom as the Super President of the EU? However, even with the prospect of a Fiscal Union right at our doorsteps and the possibility of a Super President attaining power from out of that union -- even now I am not so sure?

Instead of a Super President, what we really need to be looking for is the rider on the White Horse as he comes forth to offer a temporary type of peace to the world. Just when the truth seems to be right at our doorsteps, we could be even further away than ever before from finding out the correct identity of the Antichrist?

The reason for the despondency is that those who have been saying the Antichrist would be appointed as the president of the United Nations may have been right all along? The Fiscal Union still could produce a Super President? Furthermore, whoever the appointee is, he still could mount the White Horse?

However if I were to engage in that type of thinking at this stage then all that I would be really engaging in would be nothing much more than conjecture. Then the best thing I can say at this stage is to keep prayerfully consistent to watch and wait, without jumping the gun too much.

FRANKFURT--The leaders of European institutions are working on a plan to create a fiscal union in an effort to save the euro, German magazine Der Spiegel reports over the weekend, without citing sources.

Under the plan, which is being worked out by European Commission President Jose Manuel Barroso, European Central Bank head Mario Draghi, European Council President Herman Van Rompuy and Jean-Claude Juncker, the head of the Eurogroup of euro-zone finance ministers, member countries would no longer be in a position to raise new debt independently, Der Spiegel says.

At their informal summit on May 23, European leaders charged Van Rompuy, Barroso, Draghi and Juncker to pull together proposals for the next summit that would help leaders create a road map for discussion about future European architecture.

The issues on the table fall broadly into two categories. There are ideas such as creating joint European bonds, a European-wide deposit insurance and more broadly a "banking union," which fall into the category of mutual liability for sovereign debt and European banks. These are ideas French President Francois Hollande backs, but have been anathema to German Chancellor Angela Merkel unless power to enforce budget discipline is shifted to Europe.

Germany is pushing for far-reaching European control of national budgets, a fiscal-policy union, which would require member states to cede control of national budgets to some future European fiscal authority, an idea France opposes.

Der Spiegel reports that a member country would only have autonomy regarding funding that is covered by its own revenue income. Countries that need funding beyond that would have to report their needs to the group of euro-zone finance ministers, who would then decide about the financial needs of each country and issue joint euro-zone bonds to finance that debt.

The rules would only be valid for future borrowing, not existing liabilities, the magazine adds.

The ECB declined to comment on the Der Spiegel article.

WHY I AM NOT A DISPENSATIONALIST; John Nelson Darby is recognized as the father of dispensationalism later made popular in the United States by Cyrus Scofield's Scofield Reference Bible. Charles Henry Mackintosh, 1820–1896, with his popular style spread Darby's teachings to humbler elements in society and may be regarded as the journalist of the Brethren Movement. CHM popularised Darby more than any other Brethren author. As there was no Christian teaching of a “rapture” before Darby began preaching about it in the 1830s, he is sometimes credited with originating the "secret rapture" theory wherein Christ will suddenly remove His bride, the Church, from this world before the judgments of the tribulation. Dispensationalist beliefs about the fate of the Jews and the re-establishment of the Kingdom of Israel put dispensationalists at the forefront of Christian Zionism, because "God is able to graft them in again," and they believe that in His grace he will do so according to their understanding of Old Testament prophecy. They believe that, while the methodologies of God may change, His purposes to bless Israel will never be forgotten, just as He has shown unmerited favour to the Church, He will do so to a remnant of Israel to fulfill all the promises made to the genetic seed of Abraham. I am not a dispensationalist; it is unbiblical.