Monday, June 16, 2008

Inflation

It's not just the gasoline that costs more, it's the whole basket of goods. It's called inflation and we all know how grandpa told us that a Hershey bar used to be a nickel...now it's eighty cents. It can be problematic for retirees living on fixed incomes and interest at the bank. And it can be problematic for working families who see their cost of living increase by 10% but their pay stays the same. The paragraph below comes from a secular article that explains what the inflation rates are doing in other countries around the world.

India: 8.75%, seven-year highTurkey: 10%, 14-month highRussia: 15%China: 7.7%, near 12-year highVietnam: 25%UAE: 9.3%, 19-year highSaudi Arabia: 10.5%, 30-year highKuwait 10%, record highMexico: 4.9%, accelerating at a 3-year highBrazil: 5.5%England: Predicted above 3%, 1-year highSouth Africa: 10.4%Zimbabwe: 165,000%, record high (OK, not a fair example)
How will the world combat inflation in unison? Such is the economic challenge in the twilight of the great dollar standard era.


The sentence that caught my eye was the one that asks "How will the world combat inflation in unison?" The reason this caught my eye is that the earth's problems are starting to be so severe that it will take a one world government to try and fix them. And we all know that prophecy tells us WHO will be heading up that government. Certainly we are seeing the foreshadowing of coming epic events.

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