“Rapid privatization is the only way that can help avert complete disaster.”
Belarus is headed for an economic “meltdown.” The ruble will need to drop another 51 percent as the former Soviet republic’s import-dependent economy is starved of foreign currency.
This is according to Russia’s second- largest bank.
The Belorussian central bank let the managed ruble weaken by 36 percent versus the dollar on May 24.The economy is already laboring under a current-account deficit equal to 16 percent of gross domestic product.
“A ’91-style meltdown is almost inevitable,” said Alexei Moiseev, chief economist at VTB Capital, the investment-banking arm of Russia’s second-largest lender, the state-owned VTB Group. “Rapid privatization is the only way that can help avert complete disaster.”
Devaluing the currency will only worsen the situation for Belarus, VTB’s Moiseev said.
“The main problem is that the economy produces goods which consist of little else than a combination of imported spare parts,” he said. “So devaluation only makes things worse.”
Unless Belarus heeds Russia’s call for mass privatization of state assets, it is headed for “hyperinflation, massive un- and under-employment, and a shutdown of production,” Moiseev said. The ruble will slide to 10,000 per dollar, he added.
The World is about to plunge into more financial chaos. There is simply not enough gold in the IMF, to bail out every failed nation. And to print more currency notes, will only create hyper inflation.
The new World order can only come as a result of chaos, and a popular demand for a One World government.
This government is almost in place, and G8 is a good role model. A set of New International laws will replace the national laws, and a One World currency will replace the existing failed currency. The Belarus Ruble today, and the Euro tomorrow.
The final anti-Christ will be put in place of the new World order. He will reign from the old city in Jerusalem, where he will set up his throne. He will be hailed as “god”, a global peacemaker.
Do not worship this man of lawlessness, but hold on to faith in Jesus. He will return in the clods of Heaven, and kill this wicked fellow.
2 Thessalonians 2:2-4
not to become easily unsettled or alarmed by the teaching allegedly from us—whether by a prophecy or by word of mouth or by letter—asserting that the day of the Lord has already come. Don’t let anyone deceive you in any way, for that day will not come until the rebellion occurs and the man of lawlessness is revealed, the man doomed to destruction. He will oppose and will exalt himself over everything that is called God or is worshiped, so that he sets himself up in God’s temple, proclaiming himself to be God.