Financial crisis looming

When studying current events through the lens of what scripture says about the end times, Christians often focus solely on what is happening in Israel. While Israel is the key, other current events need to be looked at as well.

I believe the most overlooked current news item for students of end time prophecy is the abysmal shape of the world's financial system(s). Many economic experts believe and are warning that we are just a couple of years, if not months, away from a major global economic crisis.

What does this have to do with what the Bible says about the last days? We know that the day will come when the Antichrist will control the government and economy of the world. Many Biblical scholars believe that much of the infrastructure for such a government will be in place by the time he comes on the scene. A global economic crisis could push the world further down the road to having more of a globalized (central) government and economy than we do know.

The following article describes the present economic situation.

http://www.nytimes.com/2010/07/12/business/global/12refinance.html?_r=2&pagewanted=1