In a bleaker assessment than those of most private forecasters, the World Bank predicted Sunday that the global economy would shrink in 2009 for the first time since World War II. The bank did not provide a specific estimate, but bank officials said its economists would be publishing one in the next several weeks.
Until now, even extremely pessimistic forecasters have predicted that the global economy would eke out a tiny expansion but had warned that even a growth rate of 5 percent in China would be a disastrous slowdown, given the enormous pressure there to create jobs for the country's rural population.
The World Bank also warned that global trade would contract for the first time since 1982, and that the decline would be the biggest since the 1930s. In a report prepared for a meeting next week of finance ministers from the 20 industrialized and large developing countries, the World Bank said the economic crisis that started with junk mortgages in the United States was causing havoc for poorer countries around the world, not only stifling their growth but also choking off their access to credit as well” (International Herald Tribune March 8, 2009).
The economic crisis, which began in America, has spread to the entire world and we are now facing a global economic crisis. Let me now get back again to Mr. Fialka who wrote that fictional script on how a global world-banking bust could come about.
As you can see from the current events Mr. Fiaka’s fictional script doesn’t look so fictional anymore. Planet Earth is on the verge of a global economic bust. It has gotten so bad we are now seeing news reports from around the world reporting world leaders want to go to a one-world currency and a one-world economic system.
These leaders are calling for the exact thing Jesus warned us about. What is that? A one world currency and a one world economic system. We are running down the road to fulfill Revelation 13:16-17 where we see the Antichrist controlling a one world economic system.
Let me provide you with the evidence that what I am saying is the truth. In just the past few months the following news reports have surfaced dealing with a one world currency.
February 22, 2009 Germany (CNN) ~ “The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday."We need a global New Deal ~ a grand bargain between the countries and continents of this world ~ so that the world economy can not only recover but... so the banking system can be based on... best principles," he said, referring to the 1930s American plan to fight the Great Depression” (CNN.com Feb. 22, 2009).
March 11, 2009 World needs single currency: Kazakhstan Kazakh President Nursultan Nazarbayev has called for the creation of a single world currency called the "acmetal" as a means of combating the worsening global financial crisis. In our view, we must create a single world currency under the aegis of the United Nations," Nazarbayev said on Tuesday, a day before a major economic conference opens in his Central Asian country.
"We must make a transition to an absolutely new global currency system based on legitimacy and, in view of all countries, one single monetary system," he told a meeting of the Eurasian Association of Universities. This is the first time Nazarbayev has spoken publicly about the need for a single world currency although he has previously written about it” (World News Australia March 11, 2009).
“During today's summit, Ahmadinejad called for a new global economic system that is based on respecting human rights. He did not provide details. He also called for greater regional economic integration and urged member states to begin discussing the establishment of a single currency and a bank that would promote trade” (The Independent March 11, 2009).
KAZAKH President Nursultan Nazarbayev has won backing for his plan for a single world currency from an intellectual architect of the euro currency, Nobel-prize winner Professor Robert Mundell. Nazarbayev, speaking at an economic forum in the glitzy new capital he has built on the Kazakh steppe, defended his proposal for the "acmetal'' world currency saying it might "look kind of funny'' but was not. And he received intellectual support from the Canadian economist Prof Mundell, who helped lay the intellectual groundwork for Europe's single currency” (The Australian March 14, 2009).
March 17, 2009 The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system. ”The International Monetary Fund should investigate the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a "superreserve currency accepted by the whole of the international community," the Kremlin said in a statement issued on its web site” (The Moscow Times.com March 17, 2009).
“A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar” (.Reuters March 18, 2009).
March 18, 2009 “I have no doubt in my mind that al-Gaddafi would perform competently well based on what he wants now, single African military force, single currency and a single passport for Africans to move within the continent. Gaddafi has also promised to end the crisis in Darfur in his role as AU Chairman”(Guardian Newspapers March 18, 2009).
March 23, 2009: (RIA Novosti) - China is ready to discuss Russia's proposal of a new global reserve currency as an alternative to the U.S. dollar at the G20 summit in London, a vice governor of the country's Central Bank said on Monday. Russia earlier submitted a proposal to the G20 summit which could see the IMF examining possibilities for creating a supra-national reserve currency, and also forcing national banks and international financial institutions to diversify their foreign currency reserves” (RIA Novosti March 23, 2009).
March 24, 2009 “China is call for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated by the U.S. dollar and Western government” (Forbes (AP) March 24, 2009).
This April, 2009, the G20 nations are meeting in London to discuss how to head off the global meltdown. We have already heard that part of their conference will center on a new global single currency.
Fact is, news out on March 23 stated, “China is ready to discuss Russia's proposal of a new global reserve currency as an alternative to the U.S. dollar at the G20 summit in London, a vice governor of the country's Central Bank said on Monday.
Russia earlier submitted a proposal to the G20 summit which could see the IMF examining possibilities for creating a supra-national reserve currency, and also forcing national banks and international financial institutions to diversify their foreign currency reserves” (RIA Novosti March 23, 2009).
The events we are witnessing in the news is in my opinion, the stepping-stones that are going to fulfill Revelation 13:16-17. Once this system is in place the Antichrist can use any means he wants to control what you can buy or what you can sell.