Prophecy Sign: The collapse of world markets and the global economy
There are now many economists that are all warning of a coming economic catastrophe. They must know something don't you think? We are by no means economic prognosticators, but we do know what bible prophecy warns of for the last days, and we very much believe we are in those days.
These articles are just further evidence of the coming collapse. This collapse will then be followed by the new world economic order of the Antichrist. His system will be permitted by God to function for a short period of time, before God judges the nations and this global economic system of the Antichrist.
They will throw their silver into the streets, and their gold will be an unclean thing. Their silver and gold will not be able to save them in the day of the Lord’s wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin. Ezekiel 7:19 NIV
From the articles:
Investment experts at Deutsche Bank now feel that a collapse of the common currency is "a very likely scenario." German companies are preparing themselves for the possibility that their business contacts in Madrid and Barcelona could soon be paying with pesetas again. And in Italy , former Prime Minister Silvio Berlusconi is thinking of running a new election campaign, possibly this year, on a return-to-the-lira platform.
Nothing seems impossible anymore, not even a scenario in which all members of the currency zone dust off their old coins and bills -- bidding farewell to the euro, and instead welcoming back the guilder, deutsche mark and drachma. It would be a dream for nationalist politicians, and a nightmare for the economy. Everything that has grown together in two decades of euro history would have to be painstakingly torn apart. Millions of contracts, business relationships and partnerships would have to be reassessed, while thousands of companies would need protection from bankruptcy.
Is the world about to repeat the economic catastrophe of 1931? A growing chorus of economists of all stripes thinks so. “Suddenly normally calm economists are talking about 1931, the year everything fell apart,” writes Nobel prize winning economist Paul Krugman in the New York Times. “The parallels between Europe in the 1930s and Europe today are stark, striking, and increasingly frightening, write Bradford DeLong and Barry Eichengreen in the new preface to Charles Kindleberger, The World in Depression 1929-1939. “We see unemployment, youth unemployment especially, soaring to unprecedented heights. Financial instability and distress are widespread. There is growing political support for extremist parties of the far left and right.”
The Disastrous Consequences of a Euro Crash
http://www.spiegel.de/international/europe/fears-grow-of-consequences-of-potential-euro-collapse-a-840634.html
Is this 1931 all over again?
http://business.financialpost.com/2012/06/25/is-this-1931-all-over-again-paul-krugman-nouriel-roubini-niall-ferguson-and-more-think-so/
Is this 1931 all over again?
http://business.financialpost.com/2012/06/25/is-this-1931-all-over-again-paul-krugman-nouriel-roubini-niall-ferguson-and-more-think-so/
Everyone's Talking About A Huge European Catastrophe, But Nobody Is Willing To Bet On It
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