IMF warns the global economy is “highly vulnerable”

BBC, 25 February 2016

         The International Monetary Fund (IMF) has said the global economy has weakened further and warned it was “highly vulnerable to adverse shocks”.

It said the weakening had come “amid increasing financial turbulence and falling asset prices”.

The IMF’s report comes before the meeting of G20 finance ministers and central bank governors in Shanghai later this week.

It said China’s slowdown was adding to global economic growth concerns.

China’s economy, the second-biggest in the world, is growing at the slowest rate in 25 years.

The IMF also noted any future prospects for global growth “could be derailed by market turbulence, the oil price crash and geopolitical conflicts”.

Comment by Dennis Edwards: 

We all understand that one day or another the financial system, even with all the maneuvering of the Federal Reserve Bank and the International Monetary Fund, could come tumbling down. Many highly accredited economists have written and spoken of the imminent financial crash. James Richards, in his compelling study on the internacional financial system's health, says quantitative easing has only prolonged the day of reckoning. 

In his book, The Death of Money, he proposes that it could very well be China's faulty financial practices, copying the West's bad example, that ultimately lead the world down the road to financial disaster. China's mistakes, coupled with the West's throwing money at their problems, will  lead to the final collapse of the dollar as an international reserve money. As a result the SDRs of the International Monetary Fund, a basket of currency with countries having buying rights internationally depending upon their real ability to pay, will become the bases of a new international financial system. 

America and other countries will not be able to send their problems abroad by printing more money. They printed money, or what they have called "quantitative easing," to save the bankers. But by doing so, they also wanted to cause inflation. By causing inflation, the national deficit, in real terms, goes down as the deficit is being paid with inflated money which has less real value. The economy, however, naturally wants to deflate. A deflation of the economy would be the true natural occurrence and would have occurred in 2008 had the government not implemented their inflationary printing of money through quantitative easing.

In Richard's opinion, all the financial maneuvering in the end won't save the sinking ship. The world is on the brink of a new international financial order and the Western nations are trying to maintain their dominance, while the BRICS and others want a more equal and fare share of the pie. Of course, to the Bible student, the financial crash could very well be the key event to further along the end-time prophecy scenario. 

The Bible predicts, after a short period of international peace, a new financial system will come into affect based on computerized money. Every man and woman will need to have a bio-chip implant in order to buy or sell. Thus will commence a period in history which Jesus called the Great Tribulation, consisting of wars and persecution of those who refuse to accept the new mandatory bio-chip implant. After three and a half years, the famous battle of Armageddon will take place in the Middle East and one third of the population of the world will die. Only the return of Christ to the planet will stop man from totally destroying humanity completely.