Current Events and Links

See also:
Mark of the Beast
New World Order

Mark this date for potential disaster

May 15, 2012 - Jonathan Cahn's book “The Harbinger” shows that warnings to the Israelites before their Assyrian capture are a good example of the mistakes the USA is making after the "warning" of the 9/11 terrorist attacks. The author, a Jewish Rabbi, points out that the two greatest financial collapses in the 9/11 tragedy both came on, or very near the date on a seven-year cycle that marks the Sabbath Year, when debts are to be forgiven and the land given a rest. If this is not just a coincidence, the next such Sabbath Year will begin on Sept. 13, 2015. The author does not speculate about the events of that day, but just mentions that it is a date to watch.

Source: WND

Significance of the Economy in Prophecy

World stocks dive after Europe elections

May 7, 2012 - European stock markets have had a strong negative response to the the upset elections in France and Greece, and the economic malaise is spreading to other markets worldwide.

Renewed uncertainty over Europe's ability to deal with its spawning debt crisis following elections in Greece and France hammered stock markets Monday, with the main exchange in Athens down a massive 8%.

Observers say the elections were caused by voter backlash against austerity and unemployment.

Source: USA Today

Yale’s Shiller: World in a 'Late Great Depression'

Apr. 30, 2012 - Yale economist and author Robert Shiller says that the world economy is experiencing a "late Great Depression," and is nin a “new age of austerity.” He says that the Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have propped up their respective economies by injecting new money printed out of thin air.

Writing in the Christian Science Monitor, Shilling said more and more people are looking to rent as homeownership becomes increasingly rare.

Source: Newsmax

Obama Economy Driving Youth Vote to Romney - Newsmax

Is Obamacare heading for a ‘train wreck’ at U.S. Supreme Court?

Mar. 28, 2012 - As the Supreme Court begins a last full day of hearings on the "Obamacare" Health Plan issue, many pundits are predicting that the court will overturn the legislation as unconstitutional. At issue is the "individual mandate" that would require all Americans to buy healthcare coverage by 2014. The decision will not be announced until June.

CNN legal analyst Jeffrey Toobin felt that the arguments were leading toward rejection of the plan that was enacted two years ago.

“This was a train wreck for the Obama administration. This law looks like it's going to be struck down. I'm telling you, all of the predictions, including mine, that the justices would not have a problem with this law, were wrong."

Source: Globe and Mail Update

Supreme Court sets up doubleheader finale on ObamaCare hearing - Fox

U.S. is 1 storm away from energy crisis

Jan. 11, 2012 - According to a new study from the U.S. Department of Homeland Security the nation's energy supply and its economy could suffer a severe impact if Louisiana Highway LA-1 had to be closed for 90 days because of a storm or any other reason. The highway leads to Lousiana's Port Fourchon.

The port has become a hub for the United States’ critical energy infrastructure. It is a primary supply base for oil rigs and production platforms in the central Gulf of Mexico with approximately 270 large supply ships moving through the port each day.

Such a closure could cause the loss of $7.8 billion in the American gross domestic product, and mmight impede domestic oil and gas production for at least a decade.

Source: WND The national debt: It's worse than suspected

The national debt: It's worse than suspected

Jan. 10, 2011 - The current figure for the national debt of $15.2 billion is terrible, but when you extend our current course out a few years, and add the difference between income and obligations to such things as Social Security and government retirements, the figure will skyrocket.

Add in estimates for those payments, and the actual debt is $51 trillion, Bruce Bartlett wrote this month in the New York Times. He’s a former senior economics adviser to presidents Ronald Reagan and George H.W. Bush.

Source: Times-News

Older article from August 6, 2011: A National Debt Of $14 Trillion? Try $211 Trillion - NPR