‘Business as Usual’ – Peace / Safety / Destruction / 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.
Business as Usual? Convergence of Economic Signs: Argentina’s Economic Collapse
Alan Crawford Bloomberg• July 31, 2019
(Bloomberg) — Buenos Aires was a boomtown in the 1880s, as Argentina’s abundant natural resources helped fund opulent mansions, Parisian boulevards and Utopian plazas.
Boom turned to monumental bust in an 1890 crisis studied by economic historians as the biggest sovereign-debt meltdown of the century.
That cycle of misery lies at the root of the country’s economic and political upheaval to the present day, and as Patrick Gillespie reports, is set to dominate this year’s presidential elections. Primaries are set for Aug. 11.
President Mauricio Macri is investors’ clear favorite, despite inflation running at about 40% and the economy still in recession after a record $56 billion International Monetary Fund bailout.
They fear his main opponent, Alberto Fernandez, isn’t the moderate he claims to be, a concern magnified by his choice of running mate: Cristina Fernandez de Kirchner, the former president. She is blamed by her opponents for alienating Argentina internationally by driving the economy into the ground, tampering with official statistics and refusing to pay debt holders — leaving Macri to pick up the pieces.
But that’s not necessarily how voters see it: Polls show the race is wide open.
Even for Argentines used to roller-coaster politics, this election looks decidedly bumpy.
Categories: Economic Collapse
