Members:Log In Not Registered? Register Now.

Financial Collapse May be as Significant as Fall of Berlin Wall

[-] Text [+]

The collapse of major banks and financial institutions may have as great an impact on the world as the fall of the Berlin Wall, says the Bishop of Gibraltar.

Bishop Geoffrey Rowell was speaking in an address during the installation of the new dean of Gibraltar’s Holy Trinity Cathedral, the Rev. Dr. John Paddock.

Reflecting on the present economic downturn, he said the dean had a role to play in speaking into the challenges of the day.

“Jeremiah was assured that the Lord had put his words into his mouth – there was a gift of speaking to the collapsing world of the Jewish people in Jeremiah’s own day,” he said.

"Our world today is a world of collapsing confidence, where a recession has come with the suddenness of a tsunami caused by the shaking of foundations beneath the sea.”

He predicted that the impact of the financial crisis would be far-reaching.

“The fall of Wall Street may be as significant as the fall of the Berlin Wall in changing the world, the Europe, in which we live,” he said. “The financial situation will certainly have an impact on the many to whom we minister in the diocese and therefore on the diocese itself.”

Paddock’s installation in the cathedral in Gibraltar was attended by representatives of the diocese and the community of Gibraltar, as well as the Governor of Gibraltar, who read a lesson, and the Roman Catholic Bishop of Gibraltar.

Rowell said that the dean, as senior priest in the diocese, had to be a voice of support as well as challenge for the diocese, and offer encouragement and care to the cathedral's congregation.

Next Story : A Secular Holiday
Most recent comments
  • Thu Dec 25, 2008 12:08 pm : 0 : 0 Flag

    We won't change. It's enevitable. Besides, the ball is already rolling and there's no turning back.

  • Thu Dec 25, 2008 10:31 am : 0 : 0 Flag

    amen Mike, and if we don't change our ways, we are done...

  • Wed Dec 24, 2008 9:10 pm : 0 : 0 Flag

    because of greed arrogance & power of its officials. that is why there is financial collapse of america.

  • Tue Dec 23, 2008 6:25 pm : 0 : 1 Flag

    tpique,
    David Wilkerson just recently spoke of America's financial downfall in the very near future. I believe by July. He said either a European, a Middle-East, or African country will go bankrupt. Two weeks later, Mexico will go under which will immediately shut down our banks due to the billions of dollars that Mexico owes us. There will be civil unrest and looting and the military will be brought back to help control things.

  • Tue Dec 23, 2008 12:57 pm : 0 : 1 Flag

    Satan couldn't attack Christianity directly in America so he's using the "boiling a bullfrog" approach.

  • Tue Dec 23, 2008 11:18 am : 2 : 1 Flag

    David Wilkerson prophesied this in the 70's in a book called "The Vision". There is much worse coming on America. Judgment sits at the door. This economic disaster is only the beginning of the hedge being lifted from America. And to make matters worse, the church is fast asleep. We are at the beginning of the persecution of the church in America. As godless ideas continue to influence our culture and become part of the false doctrine of the modern "church", we will see an escalation in persecution against the true church - those who dare to stand on and remain committed to God's Word.

    "Some will fall away from the faith giving heed to seducing spirits and doctrines of devils."

    http://www.godtube.com/view_video.php?viewkey=f8d6c43344eb3bd18574

Please help us to monitor our message boards by flagging abusive, spam, offensive, illegal, racist or libelous posts.

Comment on this story

Submit

Don't have a Christian Post ID? Signing up is easy. Click Here

Also on the CP | RSS
Submit Related NEWS TIPS & PHOTOS
Most Popular