Tuesday, October 5, 2010

Inflation fortold

Here's a bit from the Rapture Ready site about inflation: "Just in the past month, cotton, sugar, wheat, oil, and rice have risen more than 12 percent. The motor oil in your garage and the Uncle Ben's in your kitchen cupboard outperformed the best traders on Wall Street."

Although I explain in my End Times? article (see the navigation bar above) that I don't believe in a pre-tribulation rapture, I think this site is pretty cool because they are looking at the news and weather, globally, to see how our present circumstance measures up with Biblical prophecy.

"The Bible warns of ramped-up inflation in the last days. The book of Revelation says a person will need to work for a whole day just to earn enough to buy a measure of grain equal to a loaf of bread... Any movement towards high inflation may indicate we are headed in that direction."

As the global economies falter, we can remember that it's not just America's dollar that is collapsing. At no other time in history has the economies of so many countries been tied together. From National Inflation Associations Q & A:

Q: What happens if massive inflation occurs not just in the US but all across the world?

A: Almost all countries are inflating their currencies and we expect to see massive worldwide inflation, although it will be much worse in the U.S. than almost anywhere else.


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