News and Prophecy Staff

Is it possible that Arab nations of the Middle East could create a military alliance? Until recently, this idea would have been ludicrous to many, given the centuries of infighting among these nations. But today, this possibility is far more likely to become a reality. Recently, Jordan’s king “made headlines when he told journalists that he would support a military alliance in the Middle East that was similar to NATO” (Deutsche Welle, June 30, 2022).

“Germany, Austria, Czechia, Hungary, Poland, and Slovakia have signed a memorandum of understanding on risk preparedness and solidarity in the electricity sector as the danger of blackouts becomes more realistic in light of the dwindling energy supplies coming from Russia” (Euractiv.com, June 28, 2022).

Pakistan’s rupee may be in its death throes. What was once a strong currency has been falling against the U.S. dollar for years and is performing poorly among a large group of peer nations, a drop intensified by the recent rise of the U.S. dollar and internal political strife (Jerusalem Post, July 25, 2022).

Britain has long had a strong global presence through its embassies and consulates. These diplomatic offices scattered all over the world have enabled the UK to influence and even direct the affairs of many nations.

The International Monetary Fund (IMF) warns that the world is at increased risk of a recession in the coming year (The Guardian, July 13, 2022). Inflation rates in nations around the globe are increasing, and world governments are increasing interest rates in response. The crisis in Ukraine as well as China’s repeated COVID-19 lockdowns have greatly impacted global commerce.