IMF chief sees improved global economic outlook

Christine Lagarde, managing director of the International Monetary Fund, speaks on Jan. 17, 2013, in Washington. / Saul Loeb/AFP/Getty Images

WASHINGTON International Monetary Fund chief Christine Lagarde says the threat of financial collapse in the global economy appears to have eased. But she is warning that developed economies still need to follow through on financial reforms and debt reduction.

In a news conference Thursday on her outlook for 2013 she said: "We stopped the collapse. We should avoid the relapse. And it's not time to relax."

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Lagarde said that big economic powers, including the United States and European countries, had taken important steps to shore up their financial systems, but they have a lot of work left to do. She warned that there are signs of a waning commitment to regulate the financial sector despite the severe problems that began with the collapse of U.S. financial institutions in 2008.

[Ewiak]

The current, deepening crisis is not a coincidence. What will be the finale? The Bible says: "And [the king of the north] will go back (to) his land with great wealth [1945]; and his heart (will be) against the holy covenant [state atheism]; and will act [it means activity in the international arena]; and turned back to his own land [1991-1993. The collapse of the Soviet Union and the Warsaw Pact. Russian troops returned to their country]. At the appointed time [he] will return back." (Daniel 11:28, 29a) The return of Russia in this context means crisis, which will eclipse the Great Depression. Not only the eurozone will break up, but also the European Union and NATO. Then many countries of the former Eastern block will return to Russia's zone of influence. Russian troops will be stationed here again.

This will be the last sign before the global nuclear war. (Daniel 11:29b, 30a; Matthew 24:7; Revelation 6:4).

All the details of this vision are being fulfilled from the time of ancient Persia, in chronological order. It is true that this vision is variously interpreted. As one can see, it has a lot of details. Therefore the insightful person is able to detect any error or sophistry.

In 1882 British troops occupied Egypt. Great Britain then took the role of "the king of the south". Around the same time, Russia expanded its influence in the region, which previously belonged to Seleucus I Nicator, and took the role of "the king of the north". (Daniel 11:27)

It's not sophistry. I say this since 1998, when Russia was almost bankrupt.