Prophecy Sign: The collapse of the global economy and world markets
The economic mess that is called the European Union is going to be the first domino to fall, causing all the rest of the dominoes, (national economies), to fall as well. This will create a situation where a brilliant messianic figure can step in to solve the world’s problems, and for a while, things will be better. But God has determined that this new economic system of the Antichrist will brought to ruin as well.
“The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore— cargoes of gold, silver, precious stones and pearls; fine linen, purple, silk and scarlet cloth; every sort of citron wood, and articles of every kind made of ivory, costly wood, bronze, iron and marble; Revelation 18:11-12 NIV
From the articles:
The Greek debt crisis is getting worse rather than better, Canadian Finance Minister Jim Flaherty said on Monday as he urged European leaders to take clear and decisive action to avoid a banking meltdown. “Ultimately the whole world would be affected if there were a bank meltdown, a credit crunch, coming out of Europe . So this is a serious situation and it’s been serious for quite some time. It’s getting worse because of the continued uncertainty,” Mr. Flaherty told Sun TV. “It is quite frustrating and that’s why we’re trying to impress on them (European leaders) that these are extraordinary times – you can’t follow normal processes.”
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Stocks fell on Monday and the euro hit a three-week low versus the dollar as worries about Greek and Italian fiscal deficits and a regional election rout for Germany’s ruling party cast more doubt on the euro zone’s ability to solve its debt crisis. Data on Friday showing U.S. Berlin is breaking German law and European treaties by contributing to bailouts of Greece , Ireland and Portugal
European uncertainty making global situation worse
Bernanke Warns Recovery 'Close to Faltering'
World stocks slide on economy and debt fears
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