Economic Update – HSBC is warning no bullets left for a recession, Greece repayments pending

HSBCs Stephen King is warning that there are no bullets left to stave off a financial crisis or recession. ie the quantitative easing that has been ongoing since 2008 is having no effect on improving the economy and there aren’t many tricks left to prevent a collapse.

THe world is very fragile right now and at the edge of a cliff, any large shock could send us into a monetary crisis be that a war, or some other event that triggers it.

We are still looking for a one world currency as it relates to bible prophecy so this would play right into that scenario should it occur!

http://www.telegraph.co.uk/finance/economics/11625098/HSBC-fears-world-recession-with-no-lifeboats-left.html

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