The Whole Economy could Collapse in One Hour

The Chinese are selling weapons to North Korea, and Russia to Iran and Syria. But that seems like small potatoes compared to the problems “across the pond.” Yes, Europe’s uncertain politics, weak economy, and unsustainable debt are front-page news again this morning—aggravating the stock market, a 100 point loss yesterday. “A crisis of apocalyptic proportions” is the way Poland’s foreign minister recently described the debt crisis in Europe. The Polish diplomat may be more precise than he realizes.

The whole world seems to be moving inevitably toward the apocalyptic “hour” described in Revelation, when the world’s entire economic system crashes: “for in one hour such great wealth has been laid waste, and the fruit you long for has gone from you, and all things that were luxurious and splendid have passed away from you and men will no longer find them” (Rev. 18:14, 17).

Because of regional (the EU) and international interdependence, a global marketplace, and digital interconnectivity, for the first time in world history, a “one hour” crash is possible. When the EU collapses, it will be like an economic sink hole that will pull every industrialized nation into it—and all within the course of “one hour.”