New global financial crisis alert

Prophecy Sign: The collapse of the global economy

From Greece to Spain, and Italy to Portugal. From America to Japan, Australia to South Korea, and all points in between. The whole global economy is perched on the precipice of disaster. One push, (like the collapse of the Greece economy), could topple the whole house of cards.

It's our contention that the current economy of the world is in for a sudden and drastic shake-up which will allow for the implementation of the New World Order economy of the Antichrist and his minions, (the Globalists). However, this new economy which may seem to prosper for a time will be brought down to ruin by God himself during the latter part of the Tribulation period.

You can read for yourself this economic destruction in the book of Revelation, (chapter 18). Also the book of James foretells a sudden collapse of wealth at the end times: 

Now listen, you rich people, weep and wail because of the misery that is coming on you.  Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV

From the articles:

Massive debts in some countries and extremely low interest rates make the task of avoiding another global financial crisis ''enormous'', a global banking organisation has warned. The international organisation of central banks says the scene is set for a new financial crisis unless Greeceand other countries lift interest rates and more rapidly slash debt. In a report released overnight in Basel, the Swiss-based Bank for International Settlements says three years of near-zero interest rates in the major advanced economies have increased the risk of "a reprise of the distortions they were originally designed to combat".  

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Tensions increased in Italy's government on Sunday over an austerity plan to be approved next week, with one senior coalition member accusing Economy Minister Giulio Tremonti of trying to cause the government's collapse. 

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Australian and South Korean banks are the most exposed in Asiato Europe's debt crisis given their large dependence on offshore wholesale funding markets, a senior official at Fitch Ratings said today. While the direct exposure is low, if the Greek debt crisis implodes and spurs a major dislocation in global credit markets, Australiaand South Korea's banks and economies would suffer the most, said Andrew Colquhoun, head of Asia-Pacific sovereign ratings.

New global financial crisis alert

http://www.theage.com.au/business/new-global-financial-crisis-alert-20110626-1glud.html

Italy government tensions rise over austerity plans

http://www.reuters.com/article/2011/06/26/us-italy-austerity-idUSTRE75P1MO20110626

Australian, Korean banks vulnerable in Greek debt crisis

http://www.theaustralian.com.au/business/markets/australian-korean-banks-vulnerable-in-greek-debt-crisis/story-e6frg91o-1226081272808