Friday, August 19, 2011

The financial fall out of 2011 predicted in the 1800s by E.G White

Trader works on the floor of the New York Stock Exchange, August 10, 2011
Many call Ellen G White a false prophet a plagiariser.. Did she plagiarise this financial meltdown..here her words.

"The scene that next passed before me was an alarm of fire. Men looked at the lofty and supposedly fire-proof buildings and said: "They are perfectly safe." But these buildings were consumed as if made of pitch. The fire engines could do nothing to stay the destruction. The firemen were unable to operate the engines. {9T 13.1}
I am instructed that when the Lord's time comes, should no change have taken place in the hearts of proud, ambitious human beings, men will find that the hand that had been strong to save will be strong to destroy. No earthly power can stay the hand of God. No material can be used in the erection of buildings that will preserve them from destruction when God's appointed time comes to send retribution on men for their disregard of His law and for their selfish ambition. {9T 13.2}
There are not many, even among educators and statesmen, who comprehend the causes that underlie the present state of society. Those who hold the reins of government are not able to solve the problem of moral corruption, poverty, pauperism, and increasing crime. They are struggling in vain to place business operations on a more secure basis. If men would give more heed to the teaching of God's word, they would find a solution of the problems that perplex them. {9T 13.3}
The Scriptures describe the condition of the world just before Christ's second coming. Of the men who
by robbery and extortion are amassing great riches, it is written: "Ye have heaped treasure together for the last days. Behold, the hire of the laborers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of Sabaoth. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you." James 5:3-6. {9T 13.4}

Testimonies to the church Volume ( page 13

Now read the BBC business  Report from the link : http://www.bbc.co.uk/news/business-14583201
Soul-searching
Government indebtedness has led to a sea-change in attitude towards risk.
Developed world government bonds are no longer the risk-free investment they once were. In fact, credit markets show that government debt is now perceived to be riskier than corporate debt in western Europe.
A grim reaper figure holds a globe pierced by the scythe of capitalism in front of the Bank of England during a protest on 13 October, 2008 As banks around the world came close to collapse in 2008, some predicted huge changes
The downgrade of US debt from triple-A to AA+ by S&P also sparked a bout of soul-searching among sovereigns that remain triple-A rated by all credit rating agencies. Attention was focused on France last week.
The crisis has consequently taken on an increasingly political focus in recent months.
Political leaders are struggling to manage a situation where austerity measures designed to reduce deficits and retain credit worthiness have coincided with a near-stalling of developed world recoveries.

See the full article here :http://www.bbc.co.uk/news/business-14583201

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