More global news on our economies. It is amazing to me the different picture that is being painted now. There are many reasons proposed for why it is just coming out now, I would rather focus on what is the real picture, how does it look through the third lens of scripture, and how does God want us to prepare/handle the circumstance.
It is a very eye-opening article, especially to those just now waking up. This is all leading us to one world economy/currency. We are seeing all global fiat currencies struggling, unrest is rising, along with unemployment. It is very important to keep an eye on Spain and Ireland as they seem to be just ahead of us on the slide…
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IMF Warns Western Economies Mired in ‘Near Depression’
A new report by the International Monetary Fund paints a brutally grim picture of the global economic outlook, warning that continued European belt-tightening combined with possible deficit-cutting in the United States could lead to a global double-dip recession.
Ambrose Evans-Pritchard, international business editor of the Daily Telegraph newspaper, wrote that the report suggests Western economies are stuck in a “near depression.”
In the near term, the report suggested, nations seeking to stabilize their economies by cutting their budgets will only make the global economy worse.
myBlessedHope 