Doom 'n' bust for world economy

Prophecy Sign:  The collapse of the global markets and the economy of the world

Looks like the world now has its very own version of a Greek Tragedy, and if it weren't so serious it would actually be terribly funny. Seems the Europeans, after slapping themselves on their collective backs for saving Greece from its economic mess, (along with their own financial skins), are now dropped jawed and absolutely stunned as Greece says "hang on for a moment....we want to vote on this”.  News of this sent the markets crashing after soaring only a few days ago on the "we've saved Greece" news. You simply can't make this stuff up, and as they say; Life is stranger, and far more interesting, than fiction.

It's a good thing we have the word of God which is never up or down and is always correct, and has given us warnings of the economic tragedies that will come upon the world at the time of the end. However, those of us that have placed their faith in Christ Jesus and trust God that he will provide, have nothing to worry about. We very much believe we won't be here when things get really bad as the Groom, (Jesus), comes calling for the Bride of Christ, (Church), and takes us out of this place.

For God has not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ, Who died for us, that, whether we wake or sleep, we should live together with him. Therefore comfort yourselves together, and edify one another, even as also you do. 1 Thessalonians 5:9-11 KJV

From the articles:

Nearly £30 billion was wiped from the value of Britain's biggest companies in an hour this morning. Greece's shock decision to hold a referendum on the eurozone's rescue package sent shockwaves through the City. Experts fear a "no" vote will trigger a full scale default by the country and see it booted out of the Euro.

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French banks and other lenders exposed to Greeceand other weak euro zone countries slumped on Tuesday after Greece's leader said he would put a bailout plan to a referendum, raising the risk of a disorderly default. The European bank index spacer was down 6.1 percent at 133.2 points. The index gave up all the gains made on Thursday, when banks staged their biggest rally for 18 months after EU leaders and banks agreed to write off half Greece's debt as part of a wider euro zone rescue plan. If Greek voters reject the unpopular bailout plan it could result in a "hard default", which could force banks to take losses of about 75 percent on their Greek sovereign bonds, trigger payouts on credit default swap insurance contracts, and raise the threat of a systemic risk, said Andrew Lim, banking analyst at Espirito Santo in London.

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Germans expressed fury and frustration on Tuesday at the Greek prime minister's shock decision to call a referendum on a new financial rescue package, political leaders saying it could plunge Greeceinto bankruptcy and force it out of the euro zone. George Papandreou stunned his own people and his European colleagues with the announcement on Monday evening, only days after European leaders had agreed the outlines of a second bailout for Athens at marathon summit talks in Brussels. The move hammered markets and prompted leaders of the big euro zone countries to hastily arrange a crisis meeting with Papandreou on Wednesday in Cannes, a day before the start of a G20 summit.

Doom 'n' bust for world economy
http://www.thesun.co.uk/sol/homepage/news/politics/3906395/Doom-n-bust-for-world-economy.html?OTC-RSS&ATTR=Politics

European Banks Sink on Greek Vote Bombshell

http://www.cnbc.com/id/45114081

Germans warn of Greek euro exit after referendum gambit

http://www.reuters.com/article/2011/11/01/us-greece-referendum-germany-idUSTRE7A010220111101

European Markets Fall After Greek Vote Pledge
http://www.cbn.com/cbnnews/finance/2011/November/European-Markets-Fall-After-Greek-Vote-Pledge/