Commentary; balances are symbolic for economic transactions and ‘prices’ for things such as wheat and barley grain, bread, olive oil, wine, various food commodities. These are common throughout the world and are considered by most as the ‘staples of life or living.’
6 And I heard (7) a voice in the midst of the (7) four beasts say, A measure of wheat (7) for a penny, and three measures of (7) barley for a penny; and see thou (7) hurt not the oil and the wine. (77777) 5×7
https://www.ispot.tv/ad/26W6/the-epoch-times-food-crisis
The world will have reached a point of ‘climate apartheid’ where only the wealthy can afford basic food resources in the face of fatal droughts, famine, locust swarms and heatwaves, while the rest of the world suffers. Only the extreme rich can afford expensive cooking oil, baked pastries and loaves of multi-grain breads, fancy wines and related luxurious food stuffs. Yet, the ‘average peasant’ has to work for an entire day’s wages just to be able to buy enough wheat to make a loaf of bread. Great and severe income inequality is rampant worldwide. The ‘few’ own a massive disproportion of the earth’s wealth and bounty. Billionaires vs billions of poor. The ‘Crown Prince’ owns 60,000 (6) tonnes of wheat in his store houses or graineries while the few grain silos in the Port of Lebanon were destroyed and its people are threatened with expensive grain shortages that require humanitarian assistance.
Black Horseman / Economic Collapse / Depression / Inflation
Prepare for ‘stalling and divergent’ global growth in 2024, UN trade arm warns
PUBLISHED WED, OCT 4 20236:00 AM EDTUPDATED WED, OCT 4 20237:45 AM EDT
Prepare for “stalling and divergent” global growth next year, according to a new forecast issued by the United Nations.
Global economic growth will rise slightly, from 2.4% in 2023 to 2.5% in 2024, according to the UN’s Trade and Development Report, but the world economy is in a precarious position, Richard Kozul-Wright, UNCTAD, Director, Division on Globalization and Development Strategies Division, tells CNBC.
“The global economy is pretty weak and I consider the projection to be an optimistic call,” he said.
The UN forecasting team isn’t ready to call a recession in the U.S., but does see significant economic headwinds that will result in a slowdown in the U.S. economy next year, Kozul-Wright said.
“Despite all thoughts of a soft landing and Goldilocks recovery, there are many things to worry about,” he added, citing the UAW strike, tightening credit, student loan payments restarting, and the continuing government shutdown threat.
Even with these concerns, he noted that the U.S. economy continues to be the best-performing amongst the developing countries. “I know there are growing voices of the ‘R word’ for the U.S. next year, but we are not saying recession yet. We are cautious,” he said.
Europe on edge of recession
Wright tells CNBC the economic situation in Europe is not garnering enough attention and the UN forecast for the global economy hinges on the eurozone.
“We need to see a growth rebound in Europe,” Kozul-Wright. “European investment is flat. The eurozone has not contributed to the global economy this year. It is on the edge of a recession.”
In his view, the focus on China’s economic health at the expense of attention being paid to the economic health of the eurozone is a mistake. “China will grow 12 times faster than the eurozone this year. While I do not think they will hit five percent growth this year, they are growing.”
The UN report says that stagnant or falling real wages across the European continent, compounded by fiscal austerity, are reasons for growth being dragged down.
Nearly one-third of frontier economies facing debt distress
The UN team says despite recent wage gains across the globe, wages have not kept up with inflation and economic inequality remains a significant challenge.
Developing countries are disproportionately being affected, including the effects of monetary tightening in the advanced economies. The widening wealth gap further threatens to undermine developing countries’ economic recovery and the aspirations to meet the sustainable development goals (SDGs), Kozul-Wright said.
Over the past decade, according to the UN report, both external public and publicly guaranteed (PPG) debt have tripled in low or lower-middle-income “frontier economies.” Compounding this sovereign debt issue: rising interest rates, weakening currencies, and sluggish export growth. Nearly a third of frontier economies are on the precipice of debt distress.
UN calls for ‘Dodd-Frank’-like food trade regulation
With the recent inflation in food prices around the globe, and shocks in key commodity markets, such as grain prices after Russia’s suspension of the Black Sea Grain Initiative which the United Nations brokered, Wright tells CNBC that UNCTAD is calling for a more transparent, regulated food trade system.
The report takes aim at some of the largest food industry suppliers in the world, claiming a pattern of “profiteering” that reinforces the need for more oversight and regulation of food companies under global financial regulatory authority.
“Cargill, Bungee, Archer Daniels Midland, and Louis Dreyfus Companies are acting more like hedge funds and they should be treated as hedge funds,” Kozul-Wright said. “We need to look at the behavior of some of the large commodity traders. They make spectacular money in the volatility. … have almost become financial institutions as much as they are commodity traders. … Dodd-Frank has not been fully implemented,” he said.
The companies cited by the UN official could not be immediately reached for comment.
https://citizenwatchreport.com/the-banking-systems-across-major-economies-are-treading-on-thin-ice/
https://www.rt.com/business/584114-dollar-based-financial-system-crumbling/
The unsteady truth about global poverty (msn.com)
https://www.reuters.com/markets/fall-zombies-why-corporate-failures-could-surge-2024-2023-10-06
https://news.yahoo.com/finance/data-reveals-crash-not-seen-060046600.html
https://www.theepochtimes.com/china/chinas-economy-is-running-out-of-road-report-5506070
“It Won’t Be Long Now” – 10 Countries Teetering On the Brink of Bankruptcy (msn.com)
U.N. warns global economic growth on verge of stalling (msn.com)
https://news.yahoo.com/finance/stock-market-today-echoes-1987-005706391.html
But how can (7) they call on him (Jesus Christ) to save (7) them unless they believe in Him (Jesus Christ)? (7) And how can they believe in Him (7) (Jesus Christ) if they have never heard about (7) Him (Jesus Christ)? And how can they hear (7) about Him (Jesus Christ) unless someone tells them?” Romans 10:14 (777777)
In His Service,
Night Watchman
Paul Rolland
Night Watchman Ministries
Make Your (7) Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs (7) of Salvation through Jesus Christ (the Lamb)
A. (7) Admit/Acknowledge/Accept that you are sinner. Ask (7) God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that (7) Jesus Christ is who He claimed to (7) be; that He was both fully God (7) and fully man and that we are (7) saved through His death, burial, and resurrection. (7) Put your trust in Him as your (7) only hope of salvation. Become a son (7) or daughter of God by receiving Christ. (7777777) 7×7
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess (7) with your heart and with your lips (7) that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.