Prophecy Sign: The collapse of the world economy. To be replaced
by the
Order economy of the "Man of Sin", the Antichrist.
As with most every other bible prophecy news watcher, we were closely following
the American debate over the raising of the debt limit. The events that were
transpiring south of the border where surreal at times. And at the same moments,
the economic mess that is infecting most of the weaker European Union members
continued to plod along with no apparent solutions, (other than to throw more
money and debt at the problem).
Financiers and economic gurus around the world are chipping in with their
warnings about the growing global debt crisis that may soon come to a crashing
halt as nations begin to default on paying their debts. These same financial
wizards and prognosticators warn that such an event would put the whole world
into a depression. Calls are now going out from national governments, (particularly
scrap the U.S. greenback as the world reserve currency, and replace it with a
new global world reserve currency.
From
to
Britain
Nations are in consternation as to what to do in order to solve these
potentially catastrophic problems. Indeed, most politicians seem quite willing to
simply kick the problems further down the road in order to put off the tough
decisions that need to be made now in order to avoid the prospects of a coming
collapse of the economy. It's almost if by design that some politicians are doing
the opposite in order to speed up the coming crash. (Hike debt limits, throw
more debt at the problems, print more money, add another tax).
You wouldn't be wrong if you felt the world’s economic problems were
seemingly by design rather than by simple sheer stupidity and greed, (although
there is obviously much of that as well). The bible warns that mankind will wax
worse and worse in their evil thinking. The future Antichrist will not be able
to step onto the scene until all the set has been completed. This means
sinister forces are already at work today building their global utopia they
deem necessary to solve world problems. And if that means bringing down the current
global economy in order to institute their grand plans of a financial world
order under a one world governance system led by one man......likely they would
say, "so be it".
As Christians, we must prepare for the worst, but pray for the best. All
kingdoms are setup and brought down by God. It will be the timing of God, not
man, when prophecy will be fulfilled. We can continue to pray that God holds
back the evil plans of men and Satan. But know one thing for sure; Bible
prophecy will be fulfilled, and it's our opinion that we are now far into the
fulfillment of the coming collapse and restructuring of the global economy to
fit the future plans of Satan.
But evil men and seducers shall wax worse and worse,
deceiving, and being deceived. 2 Timothy
KJV
He changes times and seasons; he sets up kings and deposes
them. He gives wisdom to the wise and knowledge to the discerning. Daniel
From the articles:
The man who leads one of
top rating agencies says the greenback’s status as the world’s reserve currency
is set to wane as the world’s most powerful policy makers convene to examine
the implication of S&P’s decision to strip the
States
emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said
the currency is “gradually discarded by the world,” and the “process will be
irreversible.”
__________________________________________
bluntly criticized the
on Saturday one day after the superpower's credit rating was downgraded, saying
the "good old days" of borrowing were over. Standard & Poor's cut
the
credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns
about the nation's budget deficits and climbing debt burden.
-- the
biggest creditor -- said
only had itself to blame for its plight and called for a new stable global
reserve currency. "The U.S. government has to come to terms with the
painful fact that the good old days when it could just borrow its way out of
messes of its own making are finally gone," China's official Xinhua news
agency said in a commentary.
_________________________________________
On Friday, Standard & Poor's downgraded the AAA rating
for the
the first time, citing budget deficit concerns. On the same day, European stock
markets continued to fall with investors worried about the eurozone debt crisis
and the weak
economy. It came as fears over the ability of governments to pay their debts -
which have led to
the
and
already being bailed out - spread to
and
say the downgrade could erode investors' confidence in the world's largest
economy.
_________________________________________
A funding crisis may have been of Italian making, but it
would not be isolated to
The eurozone would have to come to its aid. But
is not
funding requirement this year is larger than the entire stock of Greek debt. It
is the third largest sovereign debt market in the world, with €1.8 trillion of
outstanding bonds. Rescuing
could stretch the eurozone to breaking point. Getting ahead of the markets was
therefore vital, to kill the thought before it spread. With no backstop in place, and if
faced the prospect of being unable to finance its debts, it would be open
season not only on the euro but on global markets. "Lehman Brothers on
steroids", is how some traders have described the chaos and depression
that would ensue.
Dollar to Be 'Discarded' by World: China Rating Agency
http://www.cnbc.com/id/44050325
Tells US 'Good Old Days' of Borrowing Over
http://www.cnbc.com/id/44044859
Credit downgrade:
and
discuss debt crisis
Downgradeageddon:
Markets Plummet as Fear Takes Hold
more downgrades
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