Rev 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
<blockquote>“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”
<p style="text-align: right;">-Jim Bakker in “Prosperity and the Coming Apocalypse”</p>
</blockquote>
Key interest rates in China have been cut in an attempt to arrest a decline in growth. The benchmark one-year loan rate was cut a quarter of a percent and deposit rates by the People’s Bank of China was also lowered a quarter of a percent.
The cuts come on the heels of China delaying tougher bank rules because of concerns that the new rules would restrict lending. The rules have been delayed until January when banks must increase the minimum capital cushion.
While still considered fast by many nations today, the 8.1% growth in the Chinese economy during the first quarter of the year was the slowest growth in three years. Experts are saying the current euro zone crisis could cut China’s growth almost in half by the end of 2012.
