Will The Economic Recovery End Western Economic Domination?

An interesting prophecy by the bible, quoted by Morris Cerullo, an Evangelist and leader of the MCWE.com, says that God will cause everything that can be shaken to shake. Through this shaking, including financially and economically, the world’s economic power and wealth held by the nations today will transfer to other nations. To make this matter even more interesting, Morris Cerullo is not the only Christian leader in the world that believes this will happen.

Delusional? Maybe not.

Based on historical events in the economic world, it is certain that an economic recession such as this will result in a shift of the center of gravity of the world’s economic power. This shift will cause a new geopolitical and economical world order. Meaning, it will be the end of the economic domination by the nations that are dominating it.

This is what happened in the latest recession back in 1930. The center of the worlds’ economic power at the time was in Europe. Through the Great Depression and recession, the power and wealth distribution transferred into the hands of the United States. In today’s recession, the shift and changes lie behind the G20 summit in London as reported by the Irish Times.

Based on 11 signs that predicted the geopolitical change of economic power, Dick Kamuganga, a writer for New Vision, the Uganda’s leading news website, explained that the new center of gravity in the world’s economy will be China, India, Korea, Taiwan, Singapore, Thailand, Malaysia and Indonesia.

Will the global economic crisis really lead to the end of western economic domination?

Elisheva Wiriaatmadja writes for her personal finance blog at www.myloansconsolidated.com/ about the recent global economic crisis, and information on loan consolidation covering several personal finance topics such as mortgages/ real estate, retirement, grants, debt, and more.