Monday, September 10, 2012

Perils of U.S. Fiscal Cliff

We have been hearing a lot about this 'fiscal cliff' that the USA is said to be near to stepping off.

What's up?

Christine Lagarde has said the “US fiscal cliff” is one of the greatest threats to the global economy.

Speaking at the Asia-Pacific Economic Co-operation Summit in Vladivostok, Russia, the head of the International Monetary Fund said the US tax increases and spending cuts that come into effect in the new year, were one of the largest risks to the global economy.

She also named the eurozone crisis and medium-term public financing, as the two other greatest risk factors.

Her comments came as jitters grew over China, the global engine of growth, as it said its factories ran last month at their slowest rate for three years. It is the latest sign of a deepening slowdown in the world’s second-largest economy.

Here;  http://www.telegraph.co.uk/finance/financialcrisis/9532222/IMF-chief-Lagarde-highlights-perils-of-US-fiscal-cliff.html

Holy melt down!  If China is now the global engine of growth and it's slowing down...and the USA is standing at the edge of a fiscal cliff...and the European Union is coming apart...and Japan is in debt trouble....who is going to save the global economy?  Is there a man out there who has some answers??  Can someone please call the Antichrist??  He will have some answers.

But wait a second....doesn't the rapture have to happen BEFORE the Antichrist is revealed?

"For the secret power of lawlessness is already at work; but the one (holy spirit) who now holds it back will continue to do so till he is taken out of the way (at the rapture).  And then the lawless one (Antichrist) will be revealed, whom the Lord Jesus will overthrow with the breath of his mouth and destroy by the splendor of his coming."  2 Thess. 2:7-8  (Read Revelation 19)

Wow....we could be hearing the trumpet any day now.

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