Worldwide Economic Collapse:
Jesus said the coming of the Son of Man will be just like the days of Noah (Matthew 24:37-39). The thing about the days of Noah is that even in the midst of terrible apostasy, evil, violence, and rebellion against God, the people went ahead with their normal lives. They planted fields, they harvested crops, they built houses, they got married, and they had children. They went about business as usual, until the very day that Noah entered the ark, and then destruction came and took them all away
1 Thessalonians 5:3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.
Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
In surprise move, South Korea’s central bank lowers interest rate for first time in 3 years. Bank of Korea makes move amid trade dispute with Japan
Published: July 17, 2019 11:01 p.m. ET. MarketWatch.
SEOUL, South Korea — South Korea’s central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan.
The Bank of Korea lowered the key interest rate by a quarter percentage point to 1.50% following a meeting of its monetary policy committee, which also cut its growth forecast for the country’s economy this year from 2.5% to just above 2%.
The bank cited slowing exports and domestic investment as well as volatility in financial markets caused by the ongoing U.S.-China trade dispute and Japanese curbs on certain technology exports to South Korea. The bank had hiked the rate by 0.25% points in November and last lowered borrowing costs in June 2016.
The bank said it will “carefully monitor developments such as the U.S.-China trade dispute, Japan’s export restrictions, any changes in the economies and monetary policies of major countries … and geopolitical risks, while examining their effects on domestic growth and inflation.”
The move comes amid an escalating row between South Korea and Japan over Tokyo’s move to tighten controls on the exports of photoresists and other sensitive chemicals to South Korean companies that use them to produce semiconductors and display screens for smartphones and TVs.
South Korea says the Japanese trade curbs could hurt its export-dependent economy and disrupt global supply chains, and plans to file a complaint with the World Trade Organization.