Economic Armageddon?
There were two news articles of interest, both with some points to ponder.
Here is information from the first:
Economic Armageddon
A book warns 9/11 was a precursor to collapse of the world’s fiscal superpowers, famine, plague and WWIII
Toronto Sun – Feb 24, 2008
Warning: Today’s column is not for the faint of heart.
And before my critics say it, let me say it first: Leatherdale’s gone off the rails on a crazy train.
This is opinion, but my gut says feverish doomsayers may be right. This is the beginning of the end of our economic system. And if we do self-destruct, we only have ourselves and our blatant greed to blame.
Believers in a higher power call this Armageddonand the last war man will fight. One such guru, Ronald Weinland, in his book 2008: God’s Final Word, warns of the demise of the United States — where the first blow was struck with 9-11 and now a subprime mortgage bloodbath is shattering the pillars of capitalism with a tidal wave devastating economies around the globe.
Many, I’m sure, will label Weinland a religious whacko with his predictions of natural disasters that’ll make Hurricane Katrina look like a spring shower; severe weather patterns leading to famine and food shortages; plagues that will kill man, beast and bird; more terrorist attacks and the collapse of the world’s economic superpower. All of this, he predicts, leads to World War III and a deadly battle between the now powerful Europe’s economic union and China and its allies.
In the end, “Every economy will be decimated,” he writes. Even Canada’s.
And in just three and half years, 6 billion people will die. Yikes.
Warnings from others aren’t quite as dire...
Now, critics complain that as head of the world’s largest central bank Greenspan should have seen the subprime mortgage meltdown coming. He didn’t, and now millions face losing their homes, and perhaps life savings as banks teeter on bankruptcy.
In the U.K., for example, the British government was forced to step in and take over Northern Rock Bank, after the troubled mortgage lender revealed severe funding problems over its exposure to the U.S. subprime crisis. It wasn’t long before panicked depositors were lining up at branches in the first run on a bank in more than a decade. British taxpayers are now on the hook for $108 billion US in loans.
Rumours now swirl that two major U.S. banks are in big trouble and will fail within weeks. That’s after financial institutions were forced to take writedowns worth more than $150 billion US, while central bankers around the globe crank up the money-making machine to keep financial institutions afloat.
MIDAS TOUCH
Even billionaire Warren Buffett, known as the Sage of Omaha for his investing Midas touch, has been critical: “It’s sort of poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end,” he said. http://torontosun.com/Money/2008/02/24/4872237-sun.html
This is the first time that I have seen references to Ronald Weinland in the news for some time–but suspect there will be many more in the next two months (especially because of other comments and dates from him, more information is in the articles Ronald Weinland: Nuclear Attack May be Mid-April 2008 and Concerns About Ronald Weinland’s Church of God-Preparing for the Kingdom of God).
However, while the stages are being set for the real “Armageddon” it is not yet now (some additional details are also in the news item At Least Two Wrongly Claim Great Tribulation Will Begin in 2008).
Actually the title of the next article, in my opinion, pretty much says it all:
Market meltdown: Apocalypse not now
The horror that stalked global stock exchanges as the week opened has been replaced by relief, but the threat to the world as we know it remains
The above article mentions issues in the US, India, and Europe as having various issues which can still cause financial collapse.
Anyway, the end will come relatively soon, but it will not be in 2008.
More on certain steps that need to occur is included in the article Who is the King of the North?
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