The Economic Times - Overshadowed by G20, G8 likely to preserve a role

The Economic Times reports: "The Group of Eight is losing relevance as faster-growing rivals like China and Brazil play a larger role managing the global economy, but it will still endure as a key forum for traditional industrial powers."

Comment: This is an interesting report because although the G8 would appear to be obsolete, the report notes that there are reasons to believe that it may remain an important player for many years to come. For those of you just joining us, we are keeping tabs on alliances and informal groupings such as the G8 as they relate to an important prophecy in the Book of Revelation. The first beast, commonly called the Antichrist, receives power from ten kings, who give him all their authority, and so we are watching these developments. The G8 is but one potential fulfillment of that prophecy, but it will apparently remain a strong contender even as it is eclipsed by the G20. And for those of you who are sticklers for details, yes, it's called the G8, but take a look at the photo above and count the number of leaders in the photo from BBC News (click on the photo for a larger version, part of a sideshow that is apparently unlinkable). There are eight countries represented at G8 summits, but the EU is traditionally accorded two representatives, adding up to ten leaders.