“The World Economic Forum reported that in 2015, worldwide pensions were underfunded by $70 TRILLION. That is larger than the top 20 economies in the world, combined. In the US alone, federal, state, and local government pensions are $7 trillion short on the funding they need to pay what they have promised. And none of this includes Social Security’s almost $50 trillion of unfunded obligations. And the private sector isn’t in great shape, either. US corporate pensions are a combined $553 billion in the hole. And one quarter of those funds are expected to go broke within a decade.” Simon Black Wall Street Journal
Well, as we enter 2019 the situation is worse and those in the know are preparing for a recession so may I suggest you prepare likewise. Get out of debt as quickly as you can.
There is much political turmoil across the world; the battle between globalism and nationalism is on centre stage and nationalism has clearly gained the upper hand. There are many internal and external international conflicts going on at the same time, and even more agendas.
VENEZUELA: In the first few weeks of 2019, the US recognised the Venezuelan opposition leader who, along with the Venezuelan parliament, declared the current leader Maurado a usurper and himself to be the legal and rightful leader of the country.
GREECE: Greece is edging toward political uncertainty with the Macedonia agreement which is being rejected by various factions and is resulting in many internal conflicts.
FRANCE: French citizens have been demonstrating in mass for the last nine weeks and the government has capitulated to their demands.
ITALY: Italy ignored the EU and passed a budget which the EU condemned.
MIDDLE EAST: US sanctions on Iran is crippling the economy and could trigger drastic action. Israel has been carrying out military strikes on Iranian targets, and there is mass public unrest and demonstrations against the Iranian government. The US withdrawal of troops from Syria may only embolden Iran to step up its hostile actions. Beginning with Trump recognising Jerusalem as the capital of Israel and moving its embassy there, tensions in the middle east have escalated with direct missile attacks on Israel by Iran from Syria, provoking a stronger response from Israel. Iran sponsored attacks by Hezbollah from Lebanon and Hamas from Gaza will only heighten the tension and bring on the prophesied war in Daniel 8. For more on this, I suggest Mark Davidson’s book Iran’s Great Invasion.
CHINA: China has declared war on both its Christian & Islamic populations, attempting to eradicate these faiths, and if they deem it necessary, even the citizens who hold them.
The Chinese technology company Huawei and the Chinese government have been universally condemned, their business executives arrested in many nations for espionage, and the use of their services declared illegal. Forbes wrote: “The arrest of Huawei CFO Meng Wanzhou in Canada last month for breaking U.S. sanctions law, followed by the firing of Huawei sales executive Wang Weijing in Poland last week shows China can be a bad actor, exactly as Washington believes. The Poland story centres around spying allegations, where Wang allegedly sought trade secrets from the government.’ China is losing the PR battle, for years, U.S. companies have been complaining that China does not honour intellectual property rights. Washington believes tech powerhouses like Huawei owe much of their growth to IP theft.”
China’s growth estimates don’t look good and are getting worse. They are clearly losing the trade war and its about to get a lot worse for them. Quite simply, 90% of China’s GDP comes for exports, so the US affecting 90% of their trade with our country and exports account for only 15% of US GDP, thus China is only affecting 15% of our trade with them. No matter how you look at it, the US easily wins any trade war between China and the US.
RUSSIA: The Russians and the Chinese have been pushed together into an uneasy alliance, something the US has always tried to strategically prevent. The US has always attempted to work with China against Russia or Russia against China. President Trump tried to do this with Russia to prevent an ever aggressive China from gaining more ground, but was prevented from doing so, by Congress and the inept Mueller investigation.
“And you will hear of wars and rumours of wars. See that you are not troubled; for all these things must come to pass, but the end is not yet. For nation will rise against nation, and kingdom against kingdom. And there will be famines, pestilences, and earthquakes in various places. All these are the beginning of sorrows.” Matthew 24: 6-8
The current world situation, with an unprecedented economic crisis, governments now unable to resolve the mounting political unrest, increasing God ordained natural disasters, apostasy in the church, all indicate we are in the Biblical prophesied “end times” Can I suggest you prepare for Jesus return by going to my other website http://www.powerpointsermons.net and download the Power Point Sermon Are We Ready for Jesus – How to Prepare for His return.