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

Thursday, May 12, 2016

Water is the biggest risk to the global economy

Prophecy Sign:  Droughts

One of the most often used judgments of God used to punish an unrepentant nation, is that of drought.  Considering how the world is becoming more and more godless every day, it's not surprising that drought will become ever more prevalent throughout the globe, bringing along even bigger issues such as starvation, disease, economic ruin, mass migration and even war.

"I will lay waste the mountains and hills and wither all their vegetation; I will make the rivers into coastlands and dry up the ponds. Isaiah 42:15 NASB

Water is the biggest risk to the global economy
It doesn't take long to draw up some crisis that could damage the global economy. China's slowdown, ever increasing emerging-market debt, political instability in the Middle East, and the breakup of the European Union all pose serious risks. But none of those worries compare to the real danger, according to Joe Quinlan, strategist at Bank of America Merrill Lynch's US Trust.  He wrote: They all represent known unknowns—or externalities already acknowledged and discounted by the capital markets. That's the good news. The bad news: None of the hazards just mentioned are as remotely as threatening to the global economy as water-related climate change risks, a dynamic little understood by investors.

High and Dry: Climate Change, Water, and the Economy
Water insecurity could multiply the risk of conflict. Food price spikes caused by droughts can inflame latent conflicts and drive migration. Where economic growth is impacted by rainfall, episodes of droughts and floods have generated waves of migration and spikes in violence within countries.

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