Pope Had `Prophecy' of Market Collapse in 1985

Pope Benedict XVI was the first to predict the crisis in the global financial system, a ``prophecy'' dating to a paper he wrote when he was a cardinal.

...money vanishes, it is nothing...the only solid reality is the word of God

Read the rest of the story.

Matthew 6:19-21

‘Do not store up for yourselves treasures on earth, where moth and rust consume and where thieves break in and steal; but store up for yourselves treasures in heaven, where neither moth nor rust consumes and where thieves do not break in and steal. For where your treasure is, there your heart will be also.

IMO The press continues to refer to the impending global recession. The global economy is already in a recession. What we are wittnessing is the collapse of the market system It is a global depression that is impending. If you have any thoughts please leave them in the comment section of the blog.

Other topics of discussion might be:

• In the wake of a global depression, what will our quality of life be like?
• What about the possibility of global warfare as nations vie for control of the planet?
• Do Christians face persecution such as has not been seen since the early centuries of the era?
• Is our faith in God sufficient for us to hold on to our beliefs in the face of persecution?