World facing worst financial crisis in history, Bank of England Governor says
The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.
Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession.
“This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.”
To make matters worse, at least in the U.S., we have this added problem:
"Economic Terrorist" wants "New Financial Crisis" now
Stephen Lerner, a controversial anti-capitalist SEIU organizer, is one of the forces behind the protests on Wall Street and nationwide, according to quotes obtained by a socialist activist who doubles as a Washington Post columnist.
Lerner was the brain behind some of the economic protest templates being used by the Occupy Wall Street campaign.
Lerner recently laid out a mass economic protest plan intended to bring down the stock market, and boasted his plan could be used to cause a new financial crisis. His ideology prompted some conservative critics to go so far as to label him an economic terrorist.
His stated aim was to "destabilize the folks that are in power and start to rebuild a movement."
In an interview about the Wall Street protests, Lerner outlined his goals: "How do we bring down the stock market? How do we bring down their bonuses? How do we interfere with their ability to, to be rich?"
Lerner continued, "There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement."
During the presentation, Lerner called for a mass strike by mortgage payers that, he said, could cause a new financial crisis.
IMF Advisor: Global Financial Meltdown in 2 to 3 Weeks
In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what,once again, is on everyone’s mind: “If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.
We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected.
All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world. This would be a crisis that would be in my view more serious than the crisis in 2008….
"In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks" - IMF Advisor
The world is teetering dangerously close to a complete financial breakdown. One that, according to many analysts is unprecedented.
What does this mean?
It seems that the world is inching closer and closer to accepting a world leader who would appear to have solutions to these problems. Currently, there seems to be no way out of this mess, as the solutions offered present only more of the same.
Meanwhile, we see the Middle East inching closer and closer to the final battles, as foretold by biblical prophecy. Syria is threatening Israel and has a leader who is desperate to cling to power - a leader who needs a diversion and who is now threatening Israel. The United States is seeing a rapid decline from power. Persecution continues its ominous rise. The nations continue to isolate Israel and offer less and less resistance to the radical Islamic groups sworn to her destruction. Earthquakes continue their rise in numbers and in magnitude. And on and on it goes.
Prophetic birth pains are occurring more rapidly and more intensely than ever before, as we approach the last days of this generation.
And the world needs a such leader. The world will accept a such leader.
Only this leader will become the most brutal, horrible dictator the world has ever seen.
The time is almost here. If you are someone who has followed prophecy you not only see it daily in the news, you can also feel it.
We can be grateful for the promises given by Christ Jesus, as we were told to have hope and encouragement in these days - knowing what awaits us.
We are reaching a fork in the road, as we now see two distinctly different paths taken by mankind (emphasis mine):
"...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"
Note that the apostle Paul is already drawing a difference in two groups of people:
1. Those Christians to whom he is preaching - those who have an understanding of the day of the Lord as contrasted with
2. "Them" - those who will experience the sudden destruction - and "They" will not escape.
"But you brothers are not in darkness, so this day should surprise you like a thief. You are sons of light and sons of the day. We do not belong to the night or to the darkness.
(1 Thessalonians 5:2-6)
Then we get to the most important part - the conclusion:
"But since we belong to the day...For God did not appoint us to suffer this wrath but to receive salvation through our Lord Jesus Christ."
(1 Thessalonians 5:9)
So we see the two parallel groups in these last days.
One group ("they" and "them") is living in darkness (without salvation through Christ Jesus) and therefore will not escape the coming day of the Lord, also known as the Tribulation.
The other group ("we") are living in the light and belong to the day - via salvation - and therefore are not destined to suffer this coming day of the Lord ("wrath") but through Christ - will escape this coming Tribulation.
And from every sign that we observe around us - signs that we were told would come in waves, like birth pains - we know with great certainty that our mission on the earth as the Church is coming to a close.
Paradise awaits us.
New Jerusalem awaits us.
And more importantly - Jesus awaits us.
"Amen. Come, Lord Jesus"