WORST LOCUST SWARM IN 70 YEARS STRIKES EUROPE

Prophesied end times scenario

There will be great earthquakes, and in various places famines and pestilences. And there will be terrors and great signs from heaven… You will be hated by all for my name’s sake. But not a hair of your head will perish. By your endurance you will gain your lives.” Luke 21:11, 17-19

Millions of locusts have now descended upon Sardinia triggering leaders to declare a state of natural disaster and pleading for immediate action. In what many are describing as resembling a biblical plague, locusts have reportedly stripped large areas of the island’s agricultural regions of crops, in what the World Bank has already been branded the most serious such invasion the world has faced in 70 years according to Express news.

I have already posted several stories on locust plagues devastating first many countries in Africa then the Middle East now they have descended upon Europe.

Worst Locust Swarm in 70 Years Strikes Europe

The report stated the epicentre is formed by the municipalities of Orani, Ottana and Bolotana in the Tirso valley. The locusts arrived from the Mideast and Africa, where 23 countries have experienced similar devastation. The President of Reclamation Consortium of central Sardinia, Ambrogio Guiso is warning that roughly 13 thousand hectares of land had been impacted.

He went on further to state: “We ask for the immediate establishment of a control room so that the locust problem can be tackled with preventive actions. “We think that in concert with the other bodies in charge and with the coordination of the Region, concluded Guiso, an important preventive work can be done, with actions that must start now.”

Farmers have impacted the most and have limited options for mitigating the destruction caused by the vast numbers of locusts, other than burning fields to destroy the pests. Franco Saba, Mayor of Ottana, said: “Current damages must be compensated and preventive action has taken place to prevent the phenomenon from happening again in the next few years.” The cost of damage is still progressing – but Mr. Saba suggested it could run into millions of euros.

FINANCIAL RESET INEVITABLE

How many of you read my post “Covid 19 Coupled with a Major Debt Crisis – What’s Next?” dated June 15th 2020? I thought this to be one of my most important posts for 2020. If you have not read it, can I suggest that you do.

In that post some of the best qualified economic/political pundits gave their views on the likely outcome of Covid 19 coupled with the existing debt crisis of most countries. Debt levels are so great that even with interest rates barely above zero, countries cannot pay down the debt. It also means their currencies are next to worthless.

A FINANCIAL RESET IS INEVITABLE WAS THEIR CONCLUSION

In Australia debt is rising fast. No government can stop the inevitable financial crash.

As you would expect, the combination of failing revenue and runaway spending has resulted in a boost to government debt with total government liabilities at $1.3 trillion by the end of May – $300 billion higher than expected.

Net debt has hit a record $463.7 billion compared to $373.6 billion in the previous financial year, virtually destroying the Morrison Government’s stated aim of clearing all government debt by the end of the decade.

The Finance Department numbers are sobering but few are arguing that the Federal Government has been spending too much – indeed much of the economic commentary is urging them to ramp up spending now that interest rates have effectively reached their lower limit and the economy still needs stimulus.

The key to how the Federal Government will react to such calls will be announced by Treasurer Frydenberg in an economic update in late July, with the 2020-21 budget now due to be released in early October.

This is all part of God’s end times scenario. If your trust is in governments, yourself, or anything other than God then it is misplaced. Only He can give you true peace, the peace that comes from realising that He is in control, He has revealed the truth about the world and us in His Word (BIBLE) and we know the end of the story. Jesus will return first to rapture His church and then to rule and reign 1000 years from Jerusalem.

“For the Lord himself will descend from heaven with a cry of command, with the voice of an archangel, and with the sound of the trumpet of God. And the dead in Christ will rise first. Then we who are alive, who are left, will be caught up together with them in the clouds to meet the Lord in the air, and so we will always be with the Lord.” 1 Thessalonians 4:16-17
“when the Lord Jesus is revealed from heaven with his mighty angels in flaming fire, inflicting vengeance on those who do not know God and on those who do not obey the gospel of our Lord Jesus… when he comes on that day to be glorified in his saints, and to be marvelled at among all who have believed, because our testimony to you was believed.” 2 Thessalonians 1:7-10

BIBLE PROPHESIES “END TIMES” CATASTROPHES

Even before this coronavirus outbreak, the global economy was really starting to slow down.  Economic numbers were absolutely dismal all over the world, and many experts were warning that we were right on the verge of the next global recession.

Now that this outbreak has erupted, we definitely have much more momentum in a downward direction. Very challenging times are ahead, although most people still don’t understand what is happening.

We are moving into a time when everything that can be shaken will be shaken.  The global financial system is on the precipice of utter disaster, we we witnessing great civil unrest and political shaking all over the world, the drumbeat of war grows louder and louder, weather patterns are going absolutely crazy and seismic activity is on the rise all over the planet. For born again, Bible believing saints, as events unfold exactly as predicted in God’s Word, it is confirmation that our Heavenly Father’s plan for Jesus to return and rule and reign on this planet for 1000 years is on track and not too far distant. Saints are you preparing to rule and reign with Jesus in the Millennium?

Japan’s biggest contraction in more than five years adds to escalating concerns among policymakers about the length of a likely recession in the world’s third-largest economy as the impact of the coronavirus and a plunge in oil prices causes markets to slide and the yen to gain.

Japan’s gross domestic product was already contracting badly in 2019. It had shrank at an annualised pace of 6.3 percent from the previous quarter in the three months through December, 2019. Economists surveyed had predicted a fall of 3.8 percent, flagging the adverse impact of a sales tax increase, weak global demand and typhoon disruption.

Consumer spending fell 11.1% after the national sales tax was raised in October to 10% from 8%. During the same month,Typhoon Hagibis ravaged a large swathe of the country.

Capital spending declined 14.1% and exports slipped 0.4% due to the fallout from the U.S.-China trade war.

“I’m getting ready for another contraction in Japan’s first quarter. There just aren’t any positive factors to build a positive growth forecast,” said Mari Iwashita, chief market economist at Daiwa Securities Co., flagging her view that the economy is likely falling into recession.

“There is a good chance of Japan’s economy falling into a recession,” Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, said before Monday’s data was released. He flagged the risks of supply chains being affected if the outbreak was prolonged.

The coronavirus is taking a toll on the number of Chinese tourists to Japan and manufacturing activity due to the economy’s close ties with China, prompting some economists to forecast a contraction lasting two quarters.

The following is how Zero Hedge summarised the recent economic data that we have seen come out of China…

While not perfect, and certainly not a comprehensive view of what is really taking place “on the ground”, the above data is a useful real-time indicator of how the people in China perceive the threat of the coronavirus pandemic, and one thing is abundantly clear: as the pandemic spreads further without containment, and as the charts above flatline, so will China’s economy, which means that while Goldman’s draconian view of what happens to Q1 GDP is spot on, the expectation for a V-shaped recovery in Q2 and onward will vaporise faster than a vial of ultra-biohazardaous viruses in a Wuhan virology lab.

As far as the coronavirus is concerned, the key will be what happens to the number of confirmed cases outside of China.  Over the past week that number has roughly doubled, and if that keeps happening every week we will soon have a full-blown global pandemic on our hands.