Red Cross Makes Public Appeal For Spain As IMF Reports Dire Financial News

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!"

“Read a book on growing vegetables if you don’t know anything about farming or having a garden. Food will be a better commodity than gold, not simply for consumption but for trading.  People cannot eat gold.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

The Red Cross is making an appeal across Spain to help families who have been devastated by the economic crisis. The Red Cross mainly helped immigrants until this year but because one in four adults are unable to find jobs many Spanish families are now relying on food handouts.

The Spanish Red Cross is also claiming the dire economic situation is causing rising levels of inequality that will lead to social unrest.

The plea came as the International Monetary Fund announced their forecast that Spain would miss deficit targets in 2012 and 2013 due to significant economic contraction. The IMF report said the Spanish economy would shrink 1.3% next year, almost triple the government’s announced estimates.

The country’s deficit would reach 7% of their gross domestic product by the end of the year.

Spain currently has the highest unemployment rate in the European Union at 24.3% and the latest report now says that 51.5% of those under 25 are unable to find work.

 

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