February 06, 2012

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Warning Signs That We Should Prepare For The Worst The warning signs are all around us. All we have to do is open up our eyes and look at them. Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst. On Wednesday, it was the World Bank itself that issued a very chilling warning. In an absolutely startling report, the World Bank revised GDP growth estimates for 2012 downward very sharply, warned that Europe could be on the verge of a devastating financial crisis, and declared that the rest of the world better “prepare for the worst.” You would expect to hear this kind of thing on The Economic Collapse Blog, but this is not the kind of language that you would normally expect to hear from the stuffed suits at the World Bank. Obviously things have gotten bad enough that nobody is even really trying to deny it anymore. Andrew Burns, the lead author of the report, said that if the sovereign debt crisis gets even worse we could be looking at an economic crisis that could be even worse than the last one: “An escalation of the crisis would spare no-one. Developed- and developing-country growth rates could fall by as much or more than in 2008/09.” Burns also stated that the “importance of contingency planning cannot be stressed enough.” In other words, Burns is saying that it is time to prepare for the worst. So are you ready? But of course it isn’t just the World Bank that is warning about these things. The chorus of voices that is warning about the next great financial crisis just seems to grow by the day. Some of these voices were profiled in a Bloomberg article the other day entitled “Apocalypse How? Dire ’12 Forecasts.” The following is just a sampling of quotes from that article....
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Archaeological finds verify life at the time of Jonah At Giv’at Yonah (the Hill of Jonah) in Ashdod, which according to various traditions is identified with the burial place of the prophet Jonah, archaeological finds were exposed that verify the existence of life there during the First Temple period, at the time of Jonah. In a trial archaeological excavation the Israel Antiquities Authority carried out on Giv’at Yonah in Ashdod prior to development work by Hofit - Ashdod Development & Tourism Company, Ltd. remains of massive walls more than 1 m wide were found that are dated to the late 8th century and early 7th century BCE. In the estimation of the excavation director, Dmitri Egorov, of the Israel Antiquities Authority, these walls constituted the base of a large building from the First Temple period, the time when Jonah the prophet was active, who lived in the eighth century BCE and was famous for having been swallowed by a fish after he refused to “go to Nineveh... and proclaim against it.” (Jonah1:2) The discovery of this fortress joins other finds from an excavation that took place very close to this site in the 1960s. In an excavation directed by Magen Broshi of the Department of Antiquities, which was carried out before the construction of the Ashdod lighthouse, similar wall remains were found that date to the First Temple period and Persian period. In addition, an Aramaic ostracon was discovered on which is written בעלצד תקלן דשנא (a contemporary translation: Ba’altzad/Ba’altzar - a first name, Taklan - shekels, and Dashna - a present) - apparently meaning that an individual named Ba’altzad contributed a sum of money that was given as a present for a holy place.

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I'm a watchman for Christ, looking on the horizon in expectation for the fulfillment of God's Word.

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