We are living in exciting times. The Signposts point to Jesus soon return.

Monday, July 30, 2012

Euro zone crisis heads for September crunch

Prophecy Sign:  The collapse of world markets, and the global economy

Many market watchers are steadying themselves for a fall 2012 economic crash, (coincidentally, reports indicate Israel may be planning a fall attack on Iran as well - see our other blog entry of today).  The one article we have noted in this blog entry indicates not only an economic crash is coming, but an outright collapse of the financial system.  This is what we have been saying for quite some time, that the current economic system will be allowed to collapse, (we believe by design), and then a new economic world order will be implemented, which will ultimately be controlled by the coming Antichrist.

The time has come! The day has arrived! Let not the buyer rejoice nor the seller grieve, for my wrath is on the whole crowd. The seller will not recover the property that was sold— as long as both buyer and seller live. Ezekiel 7:12-13 NIV

Euro zone crisis heads for September crunch
Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the common currency. Crisis or no crisis, many European policymakers will take their summer holidays in August. When they return, a number of crucial events, decisions and deadlines will be waiting. "September will undoubtedly be the crunch time," one senior euro zone policymaker said. In that month a German court makes a ruling that could neuter the new euro zone rescue fund, the anti-bailout Dutch vote in elections just as Greece tries to renegotiate its financial lifeline, and decisions need to be made on whether taxpayers suffer huge losses on state loans to Athens.

Collapse Of Financial System Will Come In August, Maybe September: Market-Watchers
Who said the dog days are over?  Disappointed by the lack of aggressive action by the U.S. Federal Reserve at the meeting of its powerful rate-setting committee last week, and assuming a wait-and-see posture on results from this week's European summit, pessimistic market-watchers are turning once again to guessing when the clock atop the euro zone time-bomb will finally run to 0.  The consensus? The world economy has entered a final countdown with three months left, and investors should pencil in a collapse in either August or September.


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