There was an newspaper article this morning quoting the UN as stating that in 2011 disasters cost $355 Billion, a new record. I am sure the Watchtower will jump on this for their next issues as proof that we are in the last days and the end must be soon. No doubt there will be the following quote:
"economic costs are increasing more than ever before, said Margareta Wahlstrom, the UN special envoy on disaster risk reduction."
What they will be unlikely to quote will be the beginning of the sentence, which was, " While countries are managing to control the disaster death toll, economic costs are increasing more than ever before..." Further into the article it states:
"Globally, the disaster mortalities are proportionally declining because countries are getting much better at early warning systems and preparedness," she said. "But the economics of disasters is becoming a major threat to a number of countries."
The reason the cost of disasters is increasing (apart from population growth and inflation) is that the human standard of living has increased dramatically over the last century. Whereas 100 years ago a family would lose a basic wooden house, they now lose cars, electronic goods such as computers and tv's, and whitegoods, all which are part of making lives easier than ever before. So any idea that increasing disaster costs are an indication of the last days and the world's end are far from the truth, and rather show that we are in the best of all times.