When we consider that in the days of the black horse it is proclaimed, “a quart of wheat for a denarius and three quarts of barley for a denarius” (Revelation 6:6), we can understood that the entire salary of a worker will be needed just for food. In a modern context, it could simply mean that people will barely have enough money to survive, i.e. that 100% of their income will be used just to live. According to this recent study, the current inflation rates have already pushed many Americans near that point. How about the rest of the world? Well, most of the rest of the world is seeing as much inflation as we are or even more, with few exceptions.
China might be an exception, except that I don’t think we can trust the public numbers they release, meaning I seriously doubt they are fairing any better. Plus, Australia, which earlier was projecting lower inflation just revised their numbers up to 7.75%. So clearly, this is something that is not just hitting the U.S. but is affecting the entire world.
And as a preview of where this is all going, just look at Argentina, whose government could start collapsing amid massive protests as inflation reaches over 60% there.