War Escalation Drives Global Inflation Upward

war Escalation Drives Global Inflation

WAR ESCALATION DRIVES GLOBAL INFLATION. In April alone we had a global rise of 8.3% in the Consumer Price Index. Specifically in Belize increased 5.8% in April. But overall it will rise another 2.5% if crude oil prices double, says UBS Chief Economist Paul Donovan.

He attributes the rise to pent-up post-pandemic demand and the Ukraine war. Instead of fading, the war appears to be escalating with Russian victories in the east and south. In retaliation, Ukraine is gaining more weapons from its allies that can strike deeper into Russia.

But Russia is mounting new offensives and considering another attack on Kiev. And it is threatening its NATO neighbors Estonia, Latvia, Lithuania and Poland. In fact, Russia is developing a “Satan-2” tactical nuclear warhead that could strike as far as the UK.

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We see in Revelation 6:2 that the Antichrist “went out conquering and to conquer.” But he does so at first by making peace treaties with an empty bow, only threatening war (Dan. 9:27). World war doesn’t erupt till second seal breaks and “take(s) peace from the earth (Rev. 6:3-4).

So Putin is not the Antichrist, nor is the Ukraine war an end-time war. But we would honor Memorial Day by preparing for the world wars at the end of the age. Which our new book Christ vs. Antichrist: The Last World Wars explains how to do.

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