RUSSIAN ECONOMIC DISTRESS : Catalyst for coming world chaos

May 14, 2015

MOSCOW  -  The Russian economy has contracted in the first three months of 2015 because of low oil prices, weaker spending & sanctions from the West.  It ' shrank ' by 1.9% between January & March compared with the previous year, according to the Russian statistics agency.  That compares to annual growth of 0.4% in the previous quarter.  President Vladimir Putin has said the government expects Russia's economy to start growing again ' next year '.

But the European Bank for Reconstruction & Development says that it expects the economy to ' contract ' by 4.5% in 2015 & 1.8% in 2016.  The country has been hit hard by a sharp fall in oil prices in the past year, its main export, as well as by sanctions imposed by the West over the Ukraine crisis.  " The best that can be said about Q1 GDP [first quarter gross domestic product] data from Russia is that the economy has avoided outright collapse & is, instead, merely on the cusp of recession," says Neil Shearing, chief emerging markets economist at Capital Economics. 

"Though better than expected, this is still a painful fall for any economy," said Craig Botham, emerging markets economist at Schroders.  " Further contraction seems inevitable given the lagged effect of monetary policy & the fiscal tightening underway, " he added.  Meanwhile, the Russian central bank has extended anti-crisis measures aimed at helping banks that have suffered from the low value of the rouble & sanctions in Ukraine.  It initiated the measures in December & initially intended to end them in July.  Now, they will not do so until October. The value of the rouble has slumped 30% against the US dollar over the last 52-week period.  The weak currency & inflation has hit spending in Russia. 




PROPHECY INSIGHTS  -  The Russian economy is on its knees !!  Crippled by the effects of falling oil prices & the Western sanctions , Russia's economic woes are mounting , as the nation slides further into crisis.   While Putin has managed to stave of " outright collapse " of his economy  -  in part due to substantial economic support from China  -  nevertheless , Russia's deteriorating situation will force Vladimir Putin to use his sole remaining strength ... the might of the Russian military !!!  Written over 2,500 years ago ,  the Bible describes how God Himself will  " put hooks into thy ( Gog's ) jaws "  to ' drag '  the latter-day Russian tyrant forth into the Middle East " to take a spoil & to take a prey "This brutal invasion , will not be a wilful choice by Gog , but will be born out of Russia's own financial desparation But the prophet Ezekiel also reveals ' Gog ' seeing this impending economic crisis will have time ' to  prepare ' his own nation  &  to gather all his company.  As Russia continues to bolster its military  &  polarise the nations into two camps , the events we are seeing now are an ominous pre-cursor to these grave events soon to unfold.


EZEKIEL 38 v 3-8  -  Thus saith the Lord GOD ;  Behold , I am against thee , O Gog , the chief prince of Meshech & Tubal :  And I will turn thee back  &  put ' hooks ' into thy jaws  &  I will bring thee forth  &  all thine army , horses  &  horsemen , all of them clothed with all sorts of armour , even ' a great company ' with bucklers  &  shields , all of them handling swords :  Persia ( Iran ) , Ethiopia  Libya with them ;  all of them with shield  &  helmet :  Gomer & all his bands ;  the house of Togarmah ( Turkey ) of the north quarters , & all his bands :  & ' many people ' with thee.  Be thou prepared & prepare for thyself , thou , & all thy company that are ' assembled unto thee '  &  be thou ' a guard ' unto them.  After many days thou shalt be visited :  in the latter years thou shalt come into the land ( Israel ) that is brought back from the sword, & is gathered out of many people , against the mountains of Israel,



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