Latest Prophecy Commentary
Is This Recent Global Financial Scare Prophetic?
WASHINGTON — The Bush administration on
Saturday formally proposed to Congress what could become the largest financial
bailout in United States history, requesting virtually unfettered authority for
the Treasury to buy up to $700 billion in mortgage-related assets from financial
institutions based in the United States.
The proposal was stunning for its stark
simplicity: less than three pages, it would raise the national debt ceiling to
$11.3 trillion. And it would place no restrictions on the administration other
than requiring semiannual reports to Congress, allowing the Treasury to buy and
resell mortgage debt as it sees fit. The
New York Times
Analysis
In a week that has shifted from substantial global losses to meteoric gains,
from panic to a sense of normalcy, financial markets from around the world are
collectively breathing a sigh of relief over the news of a US government bailout
projected to be around $700 billion...for the time being that is.
But prophetically, the collapse of the global economy is coming. Prophecy experts have been predicting this for years. Many believe that the near collapse of the economy will be one of the many problems the antichrist will temporarily solve (Ezekiel 28:6) eventually propelling him to a godlike status.
Is it a coincidence that the world is in extensive Middle East peace talks, and at the same time, on the verge of a global economic meltdown? I don't think so, but it will certainly be interesting to see what direction the world financial markets take in the coming months.
Are you ready to meet the Lord? If not, your time is running out!
Terry Malone
Want to know more about becoming a Christian click here.
If you haven't had a chance to take a look at my book "Revelation Revealed", I encourage you to go to my website and explore what this book has to offer. I believe it will give you a clear understanding of the end times and the order in which it may come. Pick up a copy today for yourself or a loved one who does not know the Lord. I know it will be a spiritual blessing to you and will help support this ministry. To order a copy of Revelation Revealed please click here.