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‘Record eurozone inflation,’ Baltics over 20%, and Bernie Sanders expresses doubts about Inflation Reduction Act (though he voted for it)

COGwriter

Inflation is an issue, and yes, there are reasons to believe that the actual inflation rates exceed the official ones in many lands.

Here is an inflation report from Europe:

Record eurozone inflation: Which countries in Europe are being worst hit as energy prices soar?

Updated 08/07/22

Inflation in the eurozone is continuing to soar to record highs, hitting 8.9 per cent in July.

That’s up from 8.6 per cent in June, 8.1 per cent in May, and 7.4 per cent in April, as Europeans continue to see soaring energy and food prices fuelled in part by Russia’s war in Ukraine.

The preliminary estimate published on Friday July 29 by Eurostat, the European Union’s statistical office, is the highest since recordkeeping for the eurozone began in 1997.

The steepest annual inflation rate in this estimate was once again for energy prices, at 39.7 per cent – down from 42 per cent in June.

That’s followed by food, alcohol & tobacco (9.8 per cent, compared with 8.9 per cent in June), non-energy industrial goods (4.5 per cent, compared with 4.3 per cent in June) and services (3.7 per cent, compared with 3.4 per cent in June). …

Baltic countries remain especially affected, with Estonia experiencing inflation of 22.7 per cent, Lithuania 20.8 per cent, and Latvia 21 per cent. …

The prices of many commodities – crucially including food – have also been rising ever since COVID-19 pandemic lockdowns were first introduced two years ago, straining global supply chains, leaving crops to rot, and causing panic-buying in supermarkets.

The war in Ukraine again dramatically worsened the outlook, as Russia and Ukraine account for nearly a third of global wheat and barley, and two-thirds of the world’s exports of sunflower oil used for cooking. Ukraine is also the world’s fourth-biggest exporter of corn. https://www.euronews.com/next/2022/07/29/record-inflation-which-country-in-europe-has-been-worst-hit-and-how-do-they-compare

The official numbers in the Baltics are over 20%! That is a lot more than the 2% central bankers tend to shoot for.

Notice that the ride of third horseman of the Apocalypse results in scarcity, inflation, and famine. Revelation 6:5-6 indicates that there will be food, but that it will be quite expensive (food-price inflation).

5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” (Revelation 6:5-6)

Some will thus die as they will not be able to afford it, while others will survive but struggle.

Also, notice that wheat, barley, and edible oil is listed as shortages associated with the ride of the third horseman. Ukraine is a significant exporter of all of those–or at least is was.

Related to some of this, the Continuing Church of God put together the following video on our Bible News Prophecy YouTube channel:

16:00

Did you know that the sanctioned lands of Russia and Belarus are dominant suppliers of ingredients used in modern fertilizers? Are you aware that the United Nations Food and Agriculture Organization (FAO) estimates that 33% of the farmland in Ukraine may not be planted and/or harvested because of Russia’s ‘special military operation’ in Ukraine? Are parts of the world like Sudan, Lebanon, and the USA experiencing food price inflation? What about impact on the Palestinians in Gaza? Could any of this help lead to the rise of the King of the South? What are some factors that look to increase rice prices? Did Jesus warn of wars and troubles? What are three foods that Ukraine exports that are associated with the shortages and food price inflation of the ride of the third horseman of the Apocalypse? What does Jesus say His followers should do? Dr. Thiel addresses these matters in this video.

Here is a link to the video: Russia, Ukraine, Food, & the Ride of the 3rd Horseman of the Apocalypse.

In the USA, there was a procedural vote to push forward something called the Inflation Reduction Act.

Many have doubts it will do much related to inflation. Notice the following tweet:

But the Senate passed it today:

August 7, 2022

WASHINGTON (AP) — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical costs and taxing immense corporations.

The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden’s priorities, a stunning turnaround of what had seemed a lost and doomed effort that suddenly roared back to political life. Democrats held united, 51-50, with Vice President Kamala Harris casting the tie-breaking vote. https://apnews.com/article/senate-climate-tax-deal-vote-dbdb3107c4c5e3e0e5af8a58d56c7bc1

Even political leaders see that this bill is not expected to really reign in inflation as the following report shows:

You Know It’s Bad When… Bernie Mocks Dems’ “So-Called Inflation Reduction Act”

August 7, 2022

Sen. Bernie Sanders, the former presidential candidate and proud socialist, on Saturday attacked President Joe Biden‘s Inflation Reduction Act for failing to live up to its name, after the non-partisan Congressional Budget Office declared it would have a minimal impact on surging prices.

“I want to take a moment to say a few words about the so-called Inflation Reduction Act that we are debating this evening,” Sanders said just after voting with Democrats to advance the bill to debate on the Senate floor.

“I say so-called because according to the CBO and other economic organizations that have studied this bill, it will in fact have a minimal impact on inflation.“

CBO declared this week that the $740 billion piece of legislation would only affect inflation by 0.1% in either direction.

“I don’t find myself saying this very often. But on that point, I agree with Bernie,” Sen. John Thune, R-S.D., told Insider.

Overall, economic analysts are divided on the measure, with some having predicted that the bill will worsen inflation and lead to stagnation in growth.

As Will Cain explained in an excellent monologue reality check, “look at the name of the bill, whatever it is, you can be sure the legislation will do the opposite.” https://www.zerohedge.com/political/you-know-its-bad-when-bernie-mocks-dems-so-called-inflation-reduction-bill

Bernie Sanders was one of the 50 + 1 votes to get this bill through the Senate, yet he realizes it is not going to do what the title says it will.

The time will come when the USA dollar will be worthless.

As far as inflation and money goes, the Continuing Church of God (CCOG) put together the following Bible News Prophecy video on our Bible News Prophecy YouTube channel, the audio portion of which was sent for broadcast on the European Gospel Radio station AM 1323 kHz last Monday 21:30-21:45 (9:30-9:45 PM) European Central Time:

15:26

Inflation: When Money Fails

Inflation has been higher in 2022 than it has been for decades in the USA, Europe, and many other lands. What are some of the disruptions that inflation can cause? What about hyperinflation affecting places like Venezuela? Did the Book of Haggai predict inflation? Is food price inflation associated with the ride of the third horseman of the Apocalypse? Does sin and government mismanagement cause inflation? Are there physical things one can do about inflation? What about storing food or buying gold? Will gold outlast the USA dollar? Why might some throw their gold in the street as Ezekiel prophesied? What should God’s people do about inflation? What did Jesus teach about food worries? What about seeking the Kingdom of God? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: Inflation: When Money Fails.

As far as the USA itself goes, notice something from my book Biden-Harris: Prophecies and Destruction:

 Make no mistake about it — massive inflation is coming.

The U.S.A. dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …

Inflation will eventually hit the U.S.A. extremely hard.

The USA inflation rate is now at a 41 year high.

Though the rate will likely dip for a time, do not be deceived, expect more food inflation. And yes, there will be famines as well.

Some items of possibly related interest may include:

Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Four Horsemen of the Apocalypse What do each of the four horseman of the Apocalypse represent? Have they began their ride? Did Jesus discuss the any of this? Might their rides coincide with the “beginning of sorrows? Do they start their ride prior to the Great Tribulation? Did Nostradamus or any other ‘private prophets’ write predictions that may mislead people so that they may not understand the truth of one or more of the four horseman? There is also a related YouTube video titled Sorrows and the Four Horsemen of the Apocalypse.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Here is a link to a related sermon: Fourth Horseman, COVID, and the Rise of the Beast of Revelation. Some shorter related videos may include Amphibian Apocalypse: Threat to Humans? and Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming? Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2029 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to four related sermons:  The Fantastic Gospel of the Kingdom of God!, The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details.  A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle),  you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.

This entry was posted on Sunday, August 7th, 2022 at 3:00 pm and is filed under Prophecy.



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