Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”
-Jim Bakker in “Prosperity and the Coming Apocalypse”
In a blow to the already beleaguered Eurozone economy, France has been downgraded in its credit status by Moody’s.
The country’s debt downgraded one position from AAA to AA1 and has kept a negative outlook. The negative outlook means that it’s very likely France could see another downgrade to their rating. The lower rating results in higher interest rates for borrowing costs hampering international investment.
The downgrade was attributed to “deteriorating economic prospects, both in the short term due to subdued domestic and external demand” and “multiple structural challenges, including its gradual, sustained loss of competitiveness and the long-standing rigidities of its labor, goods and service markets.”
The country’s “disproportionately large” connection to other member Euro nations, such as the struggling Greece and Italy, also was a contributing factor.
