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>“If your hope is in this world, get ready for the ride of your life. The material systems of this world, the harlot of Revelation, are about to be destroyed!”
<p style="text-align: right;">- Jim Bakker in “Prosperity and the Coming Apocalypse”</p>
</blockquote>
Three Spanish savings banks are considering a merger to try and strengthen themselves against the amplifying debt crisis in the country.
The three boards of each bank are meeting today to determine the fate of the merger.
The merger comes amid news that investors are fleeing the Spanish markets as the bond yields for Spanish bonds rose to an all time high. Investors appear to be running to Germany as an influx of investment capital drove the German bond yields significantly lower.
Spain’s economic news took another blow when a report showed the retail sales in Spain had the biggest fall since they started collecting the information in 2003. The fall marked the 22nd consecutive month of declining retail sales and the 11.3% fall in April almost tripled a 4% fall in March.
The overall unemployment rate in Spain has jumped to 24%.
