Current Events and Links

Dow Closes Above 19,000 for First Time as Trump Rally Rolls On

Nov.23, 2016 -

All four major U.S. stock benchmarks rallied to records, with the Dow Jones Industrial Average topping 19,000 for the first time. .. the S&P; 500 Index, the Nasdaq Composite Index and the Russell 2000 Index of smaller companies in hitting their all-time highs.

Source: NewsMax

Significance of the Economy in Prophecy

7 Things You Need to Know: "New World Money" Goes Live Tomorrow

Sept. 30, 2016 -

The International Monetary Fund (IMF) officially adds the Chinese Yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar.

Since the IMF abandoned the gold standard in 1973 the SDR has been dominated by the “Big Four” (U.S., U.K., Japan and Europe. This development may not make headlines now, but it is an important step toward a new world standard of currency that will probably devalue the dollar.

Source: Daily Reckoning

Chinese yuan becomes IMF reserve currency, first new addition since ‘99 - RT

International Monetary Fund

Renminbi Joins the SDR Basket on October 1, 2016 - Infographic - International Monetary Fun-

World Currency - Wikipedia

Post-Brexit global equity loss of over $2 trillion worst ever: S&P;

Jun. 27, 2016 -

The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis

Source: Yahoo

Kudlow on Brexit: 'Don't Panic,' Long Term It's Good for Growth and Freedom - NewsMax

Franklin Graham: U.K. vote deals blow to '1-world government'

Jun. 25, 2016 - Evangelist Franklin Graham posted on Facebook that the decision by British voters to leave the European Union, "is at least a temporary setback for the politicians in this country and around the world who want a one-world government and a one-world currency."

He said that the Bible predicts a global government. And he asked his readers to pray that leaders in Europe and the United State "will look to Almighty God for wisdom and discernment in these trying and complex times.”

Source: WND

Brexit: What the world's papers say - BBC

Brexit panic wipes $2 trillion off world markets - as it happened - The Guardian

Dow drops more than 600 points as Brexit raises risk of global recession - Washington Post

Franklin Graham: Brexit Vote Small Victory in Fight Against 'One-World Government' - NewsMax

Alan Greenspan: Global Economy Running Toward 'State of Disaster'

May 30, 2016 - According to Alan Greenspan, former chairman of the Federal Reserve, there is a growing world-wide problem in the area of productivity growth.

Productivity, the measure of hourly output per worker, has declined as businesses have slowed their investment in plant and equipment to boost efficiency. Meanwhile, the massive increase in private and public sector debt ... is now dragging on growth.

Another finance expert, David Stockman, who was budget director under President Ronald Reagan, is predicting that the U.S. will experience a new recession by the end of this year.

Source: NewsMax