Global leaders warn of economic dangers as crises multiply
"Crises multiply"
Matthew 24:3-8
As Jesus was sitting on the Mount of Olives, the disciples came to him privately. “Tell us,” they said, “when will this happen, and what will be the sign of your coming and of the end of the age?”
Jesus answered: “Watch out that no one deceives you. For many will come in my name, claiming, ‘I am the Messiah,’ and will deceive many. You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. All these are the beginning of birth pains.
The crises multiplying are the birth pains. As we get closer and closer to Christ return, the crises get closer and closer together and more and more intense just like in childbirth, only it's the new creation being born. It's not the old dying it's the new being born. Somebody wants to argue against that? Go right ahead, I'll go with the book of truth over a mans oppions any day.
"the threats caused by Russia’s invasion of Ukraine continued to multiply..."
(Which was the whole point of the invasion)
"Globally, the war is sending energy and food prices soaring.'
(Again, kinda the whole point)
"The developing world faces an emerging debt crisis on top of a growing hunger problem sparked by the war.'
(Famine and war...if only there was a book one could use as a blueprint for what's happening. See Sir Lanka for the harbinger of things to come. WOD BTW, harbinger.)
"After approving trillions of dollars in fiscal stimulus to avert the downturn caused by the coronavirus pandemic, world economic leaders are now grappling with the threat of “stagflation” — slow, or negative, economic growth, coupled with rising inflation.'
(Remember when we weren't gonna have inflation? Then it was gonna transitory? Then stagflation was out of the question as a possibility? etc etc etc...This is worse than the late 70's only people just don't know it yet. The recession for all practical purposes has started. Two quarters of declining GDP growth define a recession. In the first quarter (Jan, Feb, March) that's what we had. Were in late May, where do you really think were gonna be in about 7 weeks when the numbers for the second quarter come in? The inflation we are seeing is due to scarcity, in refining capacity and remember petroleum goes into 1000's of consumer items and there's a lag between those bring made and their reaching markets, not something you see a lot of people talking about, it's been solely all about fuel prices, we have scarcity being brought on by grain shipments from black sea ports due to the invasion, fertilizer from Russia and other areas and the fact is the Central Banks toolkits all around the world do not have a tool to fix inflation due to scarcity. More on all this in a presentation coming up shortly.)
"The risks abroad may be even greater than in the United States, economists say."
"The war poses a more serious economic threat to Europe than to the United States, particularly given the continent’s dependence on Russian energy, said Jason Furman, a former Obama administration economist. China’s efforts to contain the coronavirus also continue to rattle the global economy, with the latest data from Beijing showing a major decline in retail spending and a drop in gasoline output.'
(The 40 billion $ Ukraine aid bill was a damn if we do, (where's the money?) damn if we don't, (the role of the dollar as reserve currency is being hastened right in front of our eyes). The thing that concerns me is why are we providing 3x as much aid as Europe? I think I just told you in the above statement why. Whats gonna happen with the onset of winter in 7 months and Russia cuts off gas and oil shipments to Europe? Europe's gonna fold and submit to Russia's demands to be paid in rubbles. Again, another tell tell sign of what's coming.)
"The World Bank has also warned of a “huge buildup of debt,” particularly in the poorest countries, with debt payments at their highest level in 20 years. Half of low-income countries are now categorized as being at “high risk” of debt distress, according to the Center for Global Development, a Washington-based think tank. Defaults by poorer nations could have ripple effects throughout global financial markets if creditors worldwide go unpaid."
(Again, it was kinda the entire point of the invasion, see Sir Lanka . It's a bad time to be a lender as you run the risk of not getting paid, and its a bad time to be a borrower as your interest payments are about to go through the roof.)
"World economic leaders in Bonn emphasized that they understood the extent of the dangers, but also acknowledged they may not be prepared to resolve them."
(They can't resolve them! They do not have the tools to be able to do so. Raise interest rates to slow demand and lower prices, or lower interest rates to increase demand is just not applicable to the situation we are currently in. Printing more money will lessen its value even more and make inflation much worse than it already is. There's an entity trying to show you who is in charge yo and it aint us...)
“The situation of low-income states poses risks to global security and stability of the international financial system,” Christian Lindner, Germany’s finance minister, told reporters. “We will have to deal with the situation.”
(Again it was the entire point of the invasion)
"Linder later added: “This is a risk for international financial stability, and it gets even worse if these countries get into financial difficulties [surrounding] food security in their countries.” That hunger crisis is already painful, and it could get worse as the war drags on. More than 14 million people in Somalia, Ethiopia and Kenya — half of them children — are “on the verge of starvation,” according to the International Rescue Committee. That number is projected to rise to 20 million by mid-2022 without substantial global action.'
(Revelation 6:5-6
When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”
Famine. Third horse.
Could it be made any more obvious?)
“It’s significantly, significantly worse than it was even at the beginning of the covid recession, even though they’re not talking like it is,” said Max Lawson, head of inequality policy at Oxfam International, a humanitarian aid group. “The impact we are seeing already in the developing world is hideous and painful, and it’s happening right now.”
"even though they’re not talking like it is"
(1 Thessalonians 5:2-4
for you know very well that the day of the Lord will come like a thief in the night. While people are saying, “Peace and safety,” destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.
But you, brothers and sisters, are not in darkness so that this day should surprise you like a thief.)
Eswar Prasad, a Cornell University economics professor who worked at the International Monetary Fund , said national financial leaders are increasingly alarmed by the global economic conditions, citing conversations he has had with international finance ministers and central bank officials. Of particular concern is that policymakers’ main tool to address economic shocks — additional stimulus to increase demand — is largely off the table because of high inflation and high levels of debt.
("Covid hits both the supply and consumptions sides. People couldn't go to work to produce the goods and people are under lockdowns and cant go buy what wasn't being produced. The central banks toolkit is not equipped to deal with both simultaneously" Yours truly (paraphrased) Central Baptist Bible Study the day before Lockdown hit KY. There were witnesses. Said it the day before lockdown over two years before it's being reported like it is now.
I also wrote on here that while everybody was just wanting things to "get back to normal" they could forget about it, it simply wasn't going to happen. Again this was very early on when COVID was hitting the states.
Deuteronomy 18:21-22
You may say to yourselves, “How can we know when a message has not been spoken by the Lord?” If what a prophet proclaims in the name of the Lord does not take place or come true, that is a message the Lord has not spoken. That prophet has spoken presumptuously, so do not be alarmed.
(And if it does come true? Then it was. And this is a small part of the prophetic message to be shared as we approach the end times, the overwhelming majority of it is about teaching, enlightening, instructing and explaining complex things in a simple manner. Foretelling events gets way to much attention but its what captivates people I suppose to the other aspects of it.
Revelation 19:10
)
“The global economy is at a critical juncture, beset by a variety of adverse shocks,” Prasad said. “The degree of anxiety has ratcheted up enormously because increasing confidence of declining growth, adverse supply shocks and rising inflation — all of which substantially reduce the room for policy maneuvers.”
Almost like somebody designed COVID perfectly...imagine that...Always remember, The seal judgements, The trumpet judgments, The bowl judgments and the three woes in the book of Revelation are all designed to get people realize what's important and to turn to God and repent of their ways
Colossians 1:16
"For in Him all things were created, things in heaven and on earth, visible and invisible, whether thrones or dominions or rulers or authorities. All things were created through Him and for Him."
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