World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Date: April 19, 2015

Bible Verse of the Day

Bible Verse of the DayBible Verse of the Day and Thoughts

1 Thessalonians 5:16-18
16 “Rejoice evermore.”

17 “Pray without ceasing.”

18 “In every thing give thanks: for this is the will of God in Christ Jesus concerning you.”

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World finance leaders see threats ahead for global economy

Headquarters-of-the-International-Monetary-Fund(Source: MyWayNews) – The world’s financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.

The finance ministers and central bank governors ended three days of meetings in Washington determined to work toward “a more robust, balanced and job-rich economy” while admitting there are risks in reaching that objective, the steering committee of the International Monetary Fund said in its communique Saturday.

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Europe faces a ‘real threat’ from Russia, warns US army commander

(Source: Telegraph) -The commander of the US army in Europe has warned that Nato must remain united in the face of a “real threat” from Russia.

“It’s not an assumption. There is a Russian threat,” Lt-Gen Frederick “Ben” Hodges said.
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The Global Liquidity Squeeze Has Begun

economic-2Bworries(Source: Economic Collapse Blog) – Get ready for another major worldwide credit crunch.  Today, the entire global financial system resembles a colossal spiral of debt.  Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system.  When the system started to fail back in 2008, global authorities responded by pumping this debt spiral back up and getting it to spin even faster than ever.  If you can believe it, the total amount of global debt has risen by $35 trillion since the last crisis.  Unfortunately, any system based on debt is going to break down eventually, and there are signs that it is starting to happen once again.  For example, just a few days ago the IMF warned regulators to prepare for a global “liquidity shock“.  And on Friday, Chinese authorities announced a ban on certain types of financing for margin trades on over-the-counter stocks, and we learned that preparations are being made behind the scenes in Europe for a Greek debt default and a Greek exit from the eurozone.  On top of everything else, we just witnessed the biggest spike in credit application rejections ever recorded in the United States.  All of these are signs that credit conditions are tightening, and once a “liquidity squeeze” begins, it can create a lot of fear.

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ISIL video purports to show killing of Ethiopian Christians

WEB Notes: More scripted acting. Learn about ISIS

(Source: USA Today) – A video purporting to show the killing of Ethiopian Christians by Islamic State-affiliated militants in Libya has been released online.

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Mystery of the dust storms sweeping the world

(Source: Daily Mail) – This year has seen a rash of massive dust storms around the world that have led to travel chaos and blocked out sunlight – but experts cannot pinpoint the reason behind the spate.

This week incredible footage showed the moment an unusual ‘apocalyptic’ dust storm, known in Arabic as a haboob, struck Belarus, turning day to night, and China has suffered four massive sandstorms since the start of the year. Read More

St. Louis Fed President Bullard Is Talking About Tightening; Can An Economic Slump Be Far Behind?

Storm-Clouds(Source: Wall Street on Parade) – Since the depths of the financial crisis in 2008 and 2009, James Bullard, President of the Federal Reserve Bank of St. Louis, has been talking up a storm and moving markets. On multiple occasions, however, after Bullard has talked up tightening, he’s had to backtrack and urge easier monetary policy as the U.S. economy wilted back into subpar GDP growth.

Yesterday, at a presentation to the annual Hyman P. Minsky “Conference on the State of the U.S. and World Economies,” Bullard made a case for the Fed raising interest rates sooner than the markets expect. Among the key points presented in his slide presentation were that “U.S. labor markets have been improving at a rapid pace over the last year,” and “U.S. GDP growth prospects remain relatively robust.”

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