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!"
Editor's Note: Jim Bakker has taught and continues to teach that when 'entitlements' are taken away from people, they will riot in the streets. The prophets who have visited Morningside have confirmed this warning.
“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”
The latest report on Greece’s unemployment shows the country’s rate at 26.8%, rocketing them past Spain as the country with the highest rate in the EU.
The Greek economy remains in deep recession and the austerity measures the government must impose to gain bailout money from the EU is causing significant civil unrest. The government is preparing to issue another round of spending cuts required by the bailouts.
The BBC is reporting that citizens are blaming the austerity measures of the EU for the rise in unemployment as the level has doubled since bailouts began three years ago. Experts are predicting with the upcoming spending cuts, that unemployment will shoot past 30% before the end of 2013.
Greece has received 2/3 of the promised $315 billion in bailout funds but must meet some austerity thresholds to gain the remaining funds.
