The Watchmen on the Tower: Economist warns consumers about what is happening in Greece and the world

Friday, June 17, 2011

Economist warns consumers about what is happening in Greece and the world

Article By: Giovanna Gerbi

Fri, 17 Jun 2011 11:41
Iafrica.com News - http://business.iafrica.com/news/735301.html

One of South Africa's leading economists Christ Hart has warned that the economy will not remain sheltered from what is happening in the rest of the world.

There is currently a massive fallout as Europe forced the Greek government to impose austerity measures to mitigate the country's escalating debt and guarantee loan paybacks.

Hart said he is convinced local consumers will have to curb their spending even more.
"With the turmoil that we have seen in the global economy, it means that people probably will button their belts and should tighten their belts even if the economic circumstances look a bit better," he said.

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Hosea 4:6-9 (New King James Version)
6 My people are destroyed for lack of knowledge. Because you have rejected knowledge, I also will reject you from being priest for Me; Because you have forgotten the law of your Elohim/God, I also will forget your children. 7 “ The more they increased, The more they sinned against Me; I will change[a] their glory[b] into shame. 8 They eat up the sin of My people; They set their heart on their iniquity. 9 And it shall be: like people, like priest. So I will punish them for their ways, And reward them for their deeds. Hosea 6:1-3 (New King James Version)
A Call to Repentance 1 Come, and let us return to Yahweh/the LORD; For He has torn, but He will heal us; He has stricken, but He will bind us up. 2 After two days He will revive us; On the third day He will raise us up, That we may live in His sight. 3 Let us know, Let us pursue the knowledge of Yahweh/the LORD. His going forth is established as the morning; He will come to us like the rain, Like the latter and former rain to the earth.