Oct 1, 2008

Vladimir Putin Says America's Inability To Deal With The Financial Crisis Is Affecting The Global Economy

By Jimmy DeYoung

In remarks unlikely to go down well in Washington, Russian PM Vladimir Putin lashed out at the US and said that its inability to deal with the financial crisis is affecting the global economy and Mr. Putin said everything happening in the economic and financial world started in the US.

Putin said this is a real crisis that the whole world is facing and we see America's inability to take appropriate decisions. The truth be known, highly leveraged Russian companies have been hit very hard by the credit crunch which has made it virtually impossible to secure borrowing abroad.

Jimmy's Prophetic Prospective on the News

The fact that Russian PM Putin is accusing the US financial crisis for a global economic crisis is a page out of Bible prophecy.

The accusations against the US for failure to deal with its financial crisis coming from Russian PM Putin is impart motivated by Russia's own potential financial crisis. The fact that Russian companies are so highly leveraged has caused a domestic problem for Russia that can only be eliminated when this credit crunch created in America is dealt with and solved. In reality, this financial crisis that has become global has only become another stage from which PM Putin can blast the US leadership in the world and move himself into the forefront in global leadership.

This is another venue for Putin to bring Russia back into the position of a major world power, which is what Bible prophecy calls for in the Last Days. Ezekiel 38:2 mentions Magog, that would be the nation we know today as modern day Russia, and Russia will be a major world player leading up to and right after the Rapture of the Church. Revelation 13:12-17 and chapter 18 reveals that the global economy will be a significant factor in the Last Days.

Russian PM Putin's insertion into the global financial crisis is indeed setting the stage for Bible prophecy to be fulfilled.