Latest Posts
View the latest posts in an easy-to-read list format, with filtering options.
View the latest posts in an easy-to-read list format, with filtering options.
Multi-part posts on a particular topic, grouped together in "series" pages.
Look through our blog archive by year / month, or in a massive title list.
11/04/2024 - The FFI Issue for November, Thirty Years of Prophecy: 1994-2024, is now live for online viewing! Y... Read More
11/04/2024 - The Israeli war in Gaza and Lebanon is not going so well for them. The Israeli army has had thousa... Read More
11/04/2024 - In November 2023 investigations were launched into allegations that the very popular singer, P Did... Read More
Read over 100 books written by Dr. Jones, available to read for free online. Several of the books have also been translated into different languages, and are also available to read for free. The only time you pay is when you purchase a physical version of a book.
View Full Book List
Read a variety of tracts that condense a topic into a short, single page format. These tracts can be read for free online, or physical copies can be purchased in bundles. If you are subscribed to the FFI Newsletter, you will receive new tracts when they are released.
View Full Tract ListIt is almost laughable to see how men create legalisms in order to avoid dealing with reality. If you run into “reality,” just call it something else so you don’t have to deal with it.
We all know that yesterday Greece defaulted on its loan payment. In fact, they defaulted a month ago, but the IMF decided to “bundle” the June payments together so that the default would not be due until June 30.
But Greece still did not repay that loan, nor did they repay the other loans that were bundled with it. For all the harsh rhetoric, one would think that Greece would now be in default, right?
Wrong. Greece has now fallen “into arrears.” By avoiding the “D” word, they are again buying time and kicking the can down the road.
With its failure to repay the roughly 1.6 billion euros ($1.8 billion) to the International Monetary Fund, Greece became the first developed country to fall into arrears on payments to the fund. The last country to do so was Zimbabwe in 2001….
With its economy teetering on the brink, Greece suffered its second sovereign downgrade in as many days Tuesday when the Fitch ratings agency lowered it further into junk status, to just one notch above the level where it considers default inevitable.
The agency said the breakdown of negotiations "has significantly increased the risk that Greece will not be able to honor its debt obligations in the coming months, including bonds held by the private sector."
Fitch said it now considered a default on privately-held debt "probable."
So default is now “probable” and "inevitable." It didn’t really happen on June 30, even though that is what they had been advertising all along.
Well, no wonder no one was willing to back down before June 30. No wonder Greece could hold a referendum on July 5. Everyone knew that June 30 was not a real deadline after all. Nothing they say is believable.
I am reminded of my early childhood, when we would threaten someone with: “I am going to give you to the count of three. One—two—two and a half—two and three quarters,” etc.
The more they put this off, the more I wonder if this financial situation might fit in with our next “barley” watch dates of July 9-15. A month ago this did not seem probable, seeing that Greece was going to default in early June—and then on June 30. But now it seems they are using legalisms to postpone this. They may postpone this indefinitely, of course, but July 9-15 is our next time to watch.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
