Rev 6:5-6 And when He had opened the third seal, I heard the third living creature say, Come and see. And I looked, and lo, a black horse. And he sitting on it had a balance in his hand. (6) And I heard a voice in the midst of the four living creatures say, A choenix of wheat for a denarius, and three choenixes of barley for a denarius. And do not hurt the oil and the wine.

This rider represents hunger and famine. The horse he rides is black, a color that describes a famine-racked body.

A scale would be used to measure and carefully dole out food. The denarius was a Roman silver coin equal in value to the daily wage of a working man. There will only be enough food for every day and this will be seen in the financial health of our Global Economy which is due to fail soon.

Monday, 8 August 2011

8/8/11 - U.S. stocks slips on open, following European slump





U.S. stocks plunged when markets opened Monday, following drops in the European markets, as investors reacted to Friday's unprecedented downgrade of the U.S. by ratings agency Standard & Poor's.

The Dow Jones industrial average and S&P 500 both fell by more than 2%, while the Nasdaq Composite fell more than 3%. The drop follows steady falls in European markets through the day.

The move from Standard & Poor's to downgrade the U.S. from AAA to AA-plus triggered heavy criticism from President Barack Obama's administration amid fears it could contribute to another recession.

Standard & Poor's John Chambers told CNN the downgrade was based on the political polarization in the U.S., following debate over raising the borrowing ceiling, and the country's high levels of debt.

Moody's, another major ratings agency, affirmed its rating of the U.S. debt at Aaa on August 2. It has said a ratings downgrade is possible before 2013 if fiscal discipline is weakened or by a significant deterioration in economic outlook. (more) 
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