Friday, August 3, 2012

Euro Crisis May Go Global Says IMF

Now here is a surprise...if Europe's financial crisis continues to deepen, it may affect the whole world.

Really??

The European debt crisis may have a very negative knock-on effect on the global economy.

In a pertinent report released on Friday a team of IMF experts warns that even though non-European states have not yet felt the pinch, any further economic upheavals in Europe could send the European GDP 5 percent down which, in view of sluggish growth, could undermine production.

The authors see the creation of a banking union, gradual spending cuts and a string of financial stimulants as the effective means of dealing with the hard-hitting crisis.


Did you catch that little phrase about the creation of banking union to deal with the crisis?

The foreshadowing of the day when the entire world will be linked by a one-world financial system are coming quick now.

Bible readers know that this is the system  that will ultimately require a mark on your body to be part of the system....and the Antichrist will rule it.

If people take that mark...they will forever be stricken from the Lamb's book of life.

Not good.

Do you continue to look up?

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