Rev 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!"
“…one day soon, our entire economic system is going to fail. When it fails, only those things that have been done for Christ will have any real value.”
-Jim Bakker in “Prosperity and the Coming Apocalypse”
The International Monetary Fund cut its projections for global economic growth by .3% and said that there are considerable possibilities of further deterioration in the world economic outlook.
One of the IMF’s biggest downgrades focused on the United Kingdom which had been forecasted to show very small growth through the rest of 2012. The revised forecast is calling for a .4% shrinkage. The Fund still believes that at least 1% growth for the UK is possible in 2013 but that forecast was also cut by .3%.
UK Prime Minister David Cameron tried to put a positive spin on the news.
“What is happening is a rebalancing of our economy,” he told the BBC. “We have created a million net new jobs. But it is a slow process.”
The IMF also said the newly created European Stability Mechanism must intervene in banking systems and work toward a “true economic and monetary union” to drive growth.
