World doomed to another recession?

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World doomed to another recession?

Prophecy Sign:  The collapse of the world economy

We provide yet another article about the impending collapse of the global economy that should darken your day.  And for you viewing displeasure we have provided some gloomy news videos explaining what a mess the global economy is in.

But don't get too down, for Jesus Christ promised that his father in Heaven would provide for all the needs of his children.

So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the pagans run after all these things, and your heavenly Father knows that you need them. Matthew 6:31-32 NIV
From the article:
Warnings of impending doom are issuing from all quarters. On Wednesday, Canadian Finance Minister Jim Flaherty warned that the unresolved crisis in Greece will likely trigger a global banking crisis. On Thursday, Moody’s downgraded the debt rating of the Bank of America, Wells Fargo and Citigroup, signaling that a eurozone-style debt crisis is planned for the United States.
In response, stocks and commodities went into free fall and 30-year Treasury yields dropped to a record low “amid concern central banks are running out of tools to prevent another recession,” Bloomberg reports today. Worse case scenarios are now a dime a dozen. “Failure to act would mean riots, bank collapses and would set back economies for a decade or more,” Douglas McWilliams, founder and chief executive of the Center for Economic and Business Research, one of Europe’s leading economics consultancies, wrote for CNN. He believes we have only a month before the floodgates open and the crisis breaks loose from its tethers.

Fear of Debt Crisis Spreads as Greece Hit By New Anti-austerity Strikes

 





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