LTRP Note: The following commentary by Tony Pearce starts by addressing current crises in the UK, but the issues and the outcomes taking place there are happening in both Canada and the United States as well.
Crises like the dire financial situation of developing countries and the fate of the Sustainable Development Goals. And crises like the lack of guardrails around promising new technologies to heal disease, connect people and expand opportunity.—UN Secretary General António Guterres – September 20, 2022
“Steppingstones to World Power”
By Tony Pearce
Director of Light for the Last Days (UK)
Are we really in crisis?
As soon as Tuesday came along, after the funeral [of Queen Elizabeth], normal service was resumed. We had strikes being planned, a racial conflict apparently taking place in Leicester between Muslims and Hindus, news that Eco-Warriors are planning to bring the country to a standstill with a series of protests against the use of fossil fuels, and, of course, the cost of living crisis with the government throwing masses of money at with its mini-budget, pushing up inflation, as the Pound falls and interests interest rates rise.
Apparently, the estimate of what the government is prone to spend on this lies somewhere between 100 and 250 billion Pounds, with people saying it’s actually going to rise to about 500 billion over the next two years.
The question is: where is this money coming from? Because it’s not being raised by taxes so, basically, it’s been borrowed. Basically, it’s being created (quantitative easing) which is NOT a good move, along with tax cuts, which makes it NOT sustainable; especially, as we are already over 2 trillion Pounds in debt. Click here to continue reading.
(photo image from bigstockphoto.com; used with permission)
Tony Pearce is the author of four Lighthouse Trails publications – The Messiah Factor and three booklets: The Jews: Beloved by God, Hated by Many; Global Warming or Cooling or an End-Time Sign?; The Qur’an or the Bible—Which One Has the Authentic Account?