This video reveals the big USA banks are set to fail, by gambling in the derivatives market (casino). Take a look at their exposure to derivatives compared to their assets. (average 50 x their assets). “A bubble to end all bubbles.”
Back in 2003, the world’s most famous investor, Warren Buffet, famously called derivatives “a mega-catastrophic risk”, “financial weapons of mass destruction” and a “time bomb”.
Our Australian banks exposure to derivatives is also of concern at 5 times their asset value, particularly NAB and Westpac but nothing like the USA big banks at 50 times.
2016 is the year the big banks will topple. Trump says you heard it here.
Those that know God and His Word, know the times we are living in, so should not be surprised at these coming events. It is a a time for the church to reach out to their communities, as did the early church (Acts), when persecution came. A time for fasting and prayer, to seek God on what you need to do, to prepare for this USA banks triggered economic collapse. It will impact Australia and the rest of the world.