| A number of strange events are starting to play out all across the U.S.A 1. 50% of employers expect to lay workers off in the coming weeks… 2. 20 million American households are behind on their utility bills… 3. $13.5 trillion in American wealth has evaporated, as stocks and real estate prices have fallen… 4. To make matters worse, food prices continue to rise — with even vegetables up over 80% in the past year. Together, all of this is likely setting up what one research firm believes will result in a “gold storm” Stansberry Research is one of the most highly-respected research firms in the world… providing cutting-edge market research to over a million readers. And they just released a brand-new warning for what they believe will happen to gold in 2023… According to these experts: “The evidence is everywhere. But most folks aren’t paying attention. We are in the early stages of a gold mania – the calm before the storm.” And yet, even the most prepared Americans – including many retirees – could be blindsided by what’s about to happen. This is why they’ve posted their full, brand-new warning to the public on their website right here. These events are also the reason why Bitcoin and some of the other crypto coins are increasing significantly. Rightly so, with governments printing money recklessly why should people believe money will retain its value. This might be a timely warning for you to look at other options than cash. Christians need to be wise and make good choices as well. There are websites where you can get helpful information from Christians such as http://www.biblemoneymatters.com, http://www.gracefinancialadvisors.com, and http://www.smartasset.com, and http://www.iccc.net (International Christian Chamber of Commerce) Whilst investopedia.com is not a Christian-based website it does offer some helpful advice on faith-based investing. |
Category Archives: Economic crisis
WHAT A LEADING U.S.A. FINANCIAL ANALYST IS SAYING ABOUT THE FUTURE
The following economic information on the US is taken from an article by Simon Black, Founder of Sovereign Man. His recommendations are radical – it makes sense to consider having another place to go for you and your family to be safe.
The US national debt is now $33.6 trillion… and it has increased more than HALF A TRILLION DOLLARS just so far this MONTH. Astonishing. And it’s a pretty safe bet that the US government will continue its wild spending spree.
In the last fiscal year which just ended a few weeks ago, a whopping 83% of US tax revenue was spent JUST on Social Security/Medicare, the military, and interest on the national debt. And spending on those three programs is probably not going down.
Does anyone honestly think that a majority of politicians in Congress will slash defense spending at a time like this? Or eliminate Social Security? Or default on the national debt? Those three spending items can’t really be cut. In all likelihood, they will INCREASE. Given all the conflict in the world, US defense spending will probably grow. Social Security spending is already scheduled to increase according to the program’s own published forecasts.
And, considering how quickly the national debt is rising– coupled with higher interest rates– annual interest payments will skyrocket. This means that spending on Social Security, military, and interest, will likely increase from 83% of tax revenue to ONE HUNDRED PERCENT of tax revenue, over the next several years.
America will have to go into debt to fund everything else in the federal government, from Veteran’s Benefits to Homeland Security. But don’t take my word for it. Even the Congressional Budget Office (CBO), which is a government agency of the United States Congress, agrees.
The CBO’s most recent 10-year forecast shows that mandatory entitlement spending (like Social Security) plus annual interest payments on the national debt, will EXCEED all US federal tax revenue by 2031. And that doesn’t even include defense spending! This reality is only SEVEN YEARS AWAY.
Yet if that train wreck wasn’t enough, remember that Social Security’s key trust fund will also run out of money two years later in 2033, according to the program’s most recent annual report. And bailing out Social Security will cost trillions of dollars just to get started.
So, just to be clear, the government’s own projections show that they will reach the fiscal point of no return in just seven years… and then require a multi-trillion dollar bailout of Social Security two years later. Yet as grim as that timeline may be, these government forecasts also naively assume that there will be no major war, pandemic, or national emergency in the meantime. So in reality the doomsday may be much closer.
I’m not being dramatic or sensational. Again, I’m literally citing US government forecasts. Millions of unsuspecting people will have their lives turned upside down from the negative consequences.
Social Security is in serious trouble; 50+ million people are at risk of having their benefits slashed by 2033. There’s also a very high likelihood that the Federal Reserve will start cutting interest rates and printing money again in order to bail out the federal government… thus creating a LOT more inflation.
Taxes will almost certainly rise. Crime could definitely increase, especially petty theft and robbery. Business conditions could be a lot more difficult; it will be harder to raise capital, harder to borrow, and harder to sell, causing a number of companies to either fail or never be started in the first place.
If crime rates spike and civil disturbances become more frequent, it makes sense to consider having another place to go for you and your family to be safe. That might be somewhere overseas in a country where you enjoy visiting and your kids could pick up foreign language proficiency. It might even be a place where you could one day become eligible to apply for a second passport, creating a lifetime of benefit and flexibility for your entire family.
Also, if the value of the US dollar is going to decline… and the rest of the world seems likely to find a replacement as the dominant reserve currency… it makes sense to find alternative assets that can hold their value over time.
I have already written posts about how the elite: the World Economic Forum and the United Nations are planning to resolve this catastrophic scenario with The Great Reset and the Pact for the Future.
The United Nations Is Planning to make a Covenant with the Many in September 2024. Will this begin the Biblical prophesied last seven years and tribulation? The U.N. calls it the “Pact for the Future“. These proposals cover and I quote: “A New Agenda for Peace that would reinvigorate our collective security framework; a global financial system that works for all; economic metrics that go beyond GDP [gross domestic product] to underpin policy decisions; a compact that would harness the benefits and manage the risks of digital technologies and artificial intelligence; a voluntary code of conduct on information integrity online; new protocols to manage global shocks more effectively; stronger cooperation in outer space; a transformation of education systems; the meaningful inclusion of young people in global decision‑making processes; ways to safeguard the future and uphold the rights of future generations; and a UN 2.0, better equipped to support Member States through the use of data, digital tools, innovation, foresight, and behavioral science. I commend the progress that has already been made on many of the mandated Our Common Agenda recommendations, through the debates convened last year by the President of the General Assembly; the establishment of the UN Youth Office; the five transformative measures for gender equality; the new vision for the rule of law; the Global Accelerator on jobs and social protection; and plans for the proposed open Biennial Summit among members of the G20 [Group of 20], ECOSOC [Economic and Social Council], leaders of international financial institutions and myself as Secretary-General of the United Nations.
The Pact for the Future will be your contract with each other and with your people. It represents your pledge to use all the tools at your disposal at the global level to solve problems before those problems overwhelm us. The challenges we face are universal. They require universal solutions and cannot be solved through small groupings of states or coalitions of the willing. The United Nations is the only forum where this can happen. It will also be important to welcome the contributions of civil society, academia, the private sector, and other important stakeholders.
Former Congresswoman Michele Bachmann has told CBN News she fears all the world’s nations are about to submit too much sovereignty to a United Nations organization.
The former congresswoman points out that the Bible warns that a world-dominating power will bring trouble. “When you look at what the Bible says and the convergence of events that we are seeing across the world right now, and what the prophets from the Bible have said, we need to really pay attention to what’s going on. Because this is the creation of a platform for global government. And according to the Bible, things that are not good come out of a global government.”
Michelle is correct, what we see happening is fulfilling Biblical end-times prophesies. It is the first move toward a one-world government and the Antichrist spoken of by Daniel.
Before the Antichrist arrives on the scene, the Bible speaks of a battle between Iran and Turkey, the winner being Turkey and for a short period of time the re-establishment of a revived Ottoman Empire. It is then broken up into four possibly by United Nations forces.
“Then the goat (revived Ottoman Empire) became exceedingly great, but when he was strong, the great horn was broken, and instead of it there came up four conspicuous horns toward the four winds of heaven.
Out of one of them came a little horn (Antichrist), which grew exceedingly great toward the south, toward the east, and toward the glorious land.” Daniel 8:8-9
The Antichrist arises out of one of these four kingdoms.
All the evidence indicates we are fast approaching the last seven years prior to Jesus’ return so how should we live?
Jesus made it possible for our Heavenly Father to send the Holy Spirit to enable us to live the Christian life. He is our Counsellor, Teacher, and Comforter. He produces the fruit of the Spirit in our lives (all 9, Galatians 5:22-24) and provides the gifts of the Spirit (all 9, 1 Corinthians 12:4-11) for ministry so God has provided all we need. All we need to do is to say each minute of every day, not my will but Your will be done in me today. Then God will use you mightily for His purposes.
THE MARK OF THE BEAST IS NOT TOO FAR OFF
The biggest asset bubble in history and booms always bust.
In expectation of the next bust, there was this warning from the ‘central bank of central banks’…
‘Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.’
How much interest rate ammo does the IMF think the average central banker should have in reserve?
‘Severe recessions have historically required 3–6 percentage points cut in policy rates.’
And as if we didn’t already know, the IMF tells us…
‘If another crisis happens, few countries would have that kind of room for monetary policy to respond.’
Without the three–six percentage point buffer, how do our central banker bandits get out of this pickle?
Back in February 2019, the IMF released a paper titled…
‘Cashing In: How to Make Negative Interest Rates Work’
The obvious problem with negative rates is that no one wants to be charged to deposit their funds with a bank…it goes against everything we’ve grown up with.
Better to take out the cash out and keep it under the mattress or in a safe-deposit box.
The banks are well aware that customers have this option…and have used this option.
This has been the experience in Europe. In their efforts to discourage customers from withdrawing cash, banks have been caught in a real bind.
The banks have elected to not pass on the negative rates to customer accounts…instead, they’re absorbing the costs. Not good for the bottom line. Hence, we can expect to see more Deutsche Bank scenarios; “European banking giant axes 18,000 jobs” BBC News, 10th July 2019.
The system has become so dependent on debt and central bank intervention that it’s incapable of functioning on its own.
The dire economic and social consequences of a collapsing system will force policy makers to act…do something, do anything.
And that something and anything, is most likely going to be deeply negative rates and the monetising of government deficits.
Modern Monetary Theory is nothing more than printing money to finance government deficits…allowing governments to go on an unlimited spend-a-thon.
Of course, we’ll be told this officially counterfeited money will be spent responsibly. The chaos we see unfolding in our time is exactly what God has told us in His Word will happen in the “end times”. Jesus said, “See, I have told you beforehand.” Matthew 24:25
Much of this post was taken from the article; “A Glimpse into the Future… It’s nor pretty” 10th July, 2019 by Vern Gowdie editor of The Rum Rebellion.
LIVING IN LA LA LAND
“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.
END TIMES SIGN – ECONOMIC COLLAPSE
A “LAST DAYS” PROPHETIC EVENT IS UPON US AS ECONOMISTS REALISE THE WORLD’S DEBT IS BEYOND RECOVERY. THE WORLD HAS NEVER BEEN AS INDEBTED AS IT IS RIGHT NOW.
In the month of October, 2017 alone, the US national debt has soared by nearly a quarter of a trillion dollars.
The government of the largest, most important economy in the world is completely, woefully bankrupt. And its rate of decline is accelerating.
You’d think this would be on the front page of every major newspaper in the world. But it’s not. It’s shrugged off as par for the course, as if accumulating historic levels of debt is somehow consequence-free. And this complacency is what I find the MOST bizarre. Consider the following: the US government spends nearly the ENTIRETY of its tax revenue on Social Security, Medicare, and Interest on the Debt. Throw in national defence spending and the budget deficit is already hundreds of billions of dollars.
The only realistic way out is for the US government to eventually capitulate… and default.
This could mean selectively defaulting on holders of US debt (for example– the Chinese, Japanese, Federal Reserve, Social Security Trust Fund, etc.); one day Uncle Sam simply stops paying.
Or it could mean defaulting on promises made to citizens, like providing a strong national defense, maintaining a stable currency, or paying out Social Security benefits as advertised.
Each of these scenarios has its own particular consequences, ranging from steep inflation to a full-blown global financial crisis.
Bottom line, there is no possible rosy scenario here for the USA and Europe is in a worse debt crisis. As the global economy is interrelated, if major trading blocks like the Eurozone or countries like the US or China go into recession, it’s likely to affect economic growth around the world.
Sadly, as Jesus prophesied in the last days there would be a great falling away in the church, even the elect being deceived. This is most evident in the denominational church which is compromising with the world on issues such as gay marriage, homosexual leaders in the church, evolution and billions of years.
Make sure you are in a Bible believing church that understands we are in the “last days” and is equipping the Saints to bring in the harvest. As the world gets darker our light will shine brighter. Our joy and hope in the Lord will be evident and the power of God on display with healing and miracles following. Live eternal NOW.
“END TIMES” SIGN – ECONOMIC COLLAPSE
The only other times in U.S. history when stock prices have been this high relative to earnings, a horrifying stock market crash has always followed. Will things be different for us this time? We shall see, but without a doubt this is what a pre-crash market looks like. This current bubble has been based on irrational euphoria that has been fuelled by relentless central bank intervention, but now global central banks are removing the artificial life support in unison. Meanwhile, the real economy continues to stumble along very unevenly. This is the longest that the U.S. has ever gone without a year in which the economy grew by at least 3 percent, and many believe that the next recession is very close. Stock prices cannot stay completely disconnected from economic reality forever, and once the bubble bursts the pain is going to be unlike anything that we have ever seen before.
If you think that these ridiculously absurd stock prices are sustainable, there is something that I would like for you to consider. The only times in our history when the cyclically-adjusted return on stocks has been lower, a nightmarish stock market crash happened soon thereafter…
The Nobel-Laureate, Robert Shiller, developed the cyclically-adjusted price/earnings ratio, the so-called CAPE, to assess whether stocks are likely to be over- or under-valued. It is possible to invert this measure to obtain a cyclically-adjusted earnings yield which allows one to measure prospective real returns. If one does this, the answer for the US is that the cyclically-adjusted return is now down to 3.4 percent. The only times it has been lower were in 1929 and between 1997 and 2001, the two biggest stock market bubbles since 1880. We know now what happened then. Is it going to be different this time? This insane bubble has been almost entirely fuelled by central bank manipulation, and now that manipulation is being dramatically scaled back. And the guys on Wall Street know what is coming.
This bubble has lasted for much longer than it ever should have, and everyone understands that a day of reckoning is coming.
In case you don’t remember, in 1987 we witnessed the largest one day percentage decline in U.S. stock market history.
When it finally happens, millions upon millions of ordinary Americans will be completely shocked, but most insiders know that the other shoe is going to drop at some point.
In particular, watch financial stock prices very closely. Last month, Richard Bove issued a chilling warning about bank stocks…
The Vertical Group’s, Richard Bove warns that the overall market is just as dangerous as the late 1990s, and he cites momentum — not fundamentals — as what’s driving bank stocks to all-time highs.
“If we don’t get some event in the economy or in politics or in somewhere that is going to create more loan volume and better margins for the banks, then yes, they would come crashing down,” Bove said Monday on CNBC’s “Trading Nation.” “I think that the risk in these stocks is very high at the present time.”
It isn’t going to take much to set off an unstoppable chain of events. Our financial markets are even more vulnerable than they were in 2008, and the right trigger could unleash a crisis unlike anything we have ever seen in modern American history.
extracted from article by Michael Snyder, a Republican candidate for Congress in Idaho’s First Congressional District,
AMERICA IS ON THE VERGE OF A BREAKDOWN
Report by Bill Bonner, author of New York Times best-sellers (Empire of Debt, Financial Reckoning Day, Mobs, Markets and Messiahs) and now his latest book (When The ATMS Go Dark).
A meeting with Greenspan (centre), myself, Bill Bonner (left from centre), and other experts at my office
In Baltimore, the stadium loudspeakers sounded again: “Ladies and gentleman, due to an ongoing public safety issue, the mayor of Baltimore and the Baltimore County Police Department have asked all fans to remain inside the ballpark until further notice.”
Then silence… Except for a distant white noise… the sound of an enraged mob tearing through stores, police, and bystanders…just outside the stadium walls.
Something had gone terribly wrong in the city that night…
By that time, the cell networks had started to go down.
In New York City, a man wearing a red Make America Great Again hat was choked on the subway as fellow passengers did nothing to help.
In Chicago, a 50-year-old man was dragged from his car and beaten. Instead of helping, onlookers accused him of voting for the wrong political candidate.
In Washington, a young woman who showed up to support the new president had her hair set on fire by “black bloc” radical leftist protesters.
In Berkeley, California, a Patriots Day rally turned into a battle for the streets between black-clad anarchists and a right-wing militia group.
A website by the anarchist group “black bloc” (the same ones who smashed windows, threw Molotov cocktails at police, and set Berkeley on fire) asks for donations to “send reports to uprisings and rebellions in so-called North America.”
Another “resistance movement” lists 5,983 local cells spread across the country – and they’re not just confined to the coasts, either, as you can see… The red dots are for upcoming “actions”, the blue dots are locations of the cells.
Now, we’ve had unrest before in this country. Many times.
During Holy Week 1968, the assassination of Martin Luther King, Jr., set off riots across the country.
In 1991, the Rodney King riots resulted in 1 billion dollars’ worth of damage, 50 deaths, and a vicious attack on an innocent truck driver.
But this is different. There is an anger brewing here. One I have never seen in my lifetime.
We have protesters caught on camera saying: “people have to die”…
Meanwhile, protected elites like Maxine Waters and Chelsea Clinton, safe in their million-dollar homes, egg the crowds on…
As of writing this, I count at least seven mass political actions scheduled in the next few months alone. Which of these will explode into a riot, I don’t know. Hopefully none will.
But a recent conversation among members of an extreme resistance group on the social media site Reddit shows an alarming trend…
Here’s a sampling of what they said:
- “I honestly think we need a campaign to get more [of us] armed.”
- “A shocking number of comrades went in there with absolutely no combat training.”
- “We need more than flags and bats. […] I know getting firearms in states and cities we have a presence is usually a hassle, but even handguns would help.”
Is it any wonder then, that these same groups are setting universities on fire, while students who refuse to go along with the crowd are threatened with violence?
And it’s not just happening in “dangerous” cities like Baltimore and Chicago. Violent crime is now rising in places like Denver, Salt Lake City, and Louisville. In the small town of Tiburon, California, a 74-year-old conservative radio host and his 12-year-old dog were assaulted and knocked to the ground while out grabbing a bite to eat. In Ohio, another 74-year-old man was murdered live on Facebook, as he walked home from Easter lunch, young kids are putting police officers in the hospital. People are broadcasting racist attacks and murders live on Facebook.
And here’s the thing…
I think what we’re seeing here is merely Act One
As the magazine Foreign Policy recently explained:
“There appears to be…a sense that these are not just scattered outbursts, that all this is escalating somewhere.”
What it’s all escalating to…the magazine’s editors aren’t so sure.
In this report, I’m going to tell you what’s really causing this unrest…
…and why it’s leading to a disturbing conclusion…sooner than anyone expected.
- I see nearly half the population paying no taxes and dependent on aid from the federal government,
- I see more Americans are dying of drug overdoses than ever before and suicides just hit a 30-year high.
- I see a majority of Americans favouring wealth redistribution and higher taxes…which is probably why a Congress full of Republicans is unwilling to guard the rest of us against these things.
- And I see the increasingly vocal and even violent opposition to traditional American values in our streets.
Sadly, Bonner like John Adams has got it wrong by thinking that the root cause is economic mismanagement alone.
John Adams said at the Constitutional Convention of 1787:
“All the perplexities, confusion and distress in America arise not from defects in the Constitution or Confederation, not from a want of honour or virtue so much as from downright ignorance of the nature of coin, credit and circulation.”
Universities espousing a godless worldview, based on a totally false evolutionary theory of origins, has produced a younger generation that has no fear of their Creator God, nor respect for His values.
If there is no purpose or meaning in life, then what else would you expect but a ME generation of self centred, self serving young people prepared to do whatever it take to wrest control from the previous largely corrupt generation that has racked up debt that is unsustainable by providing services that cannot be maintained. This is the recipe for disaster that we see being played out. Moreover, this “end times” scenario is prophesied in the Bible, the book our Creator provided for us.
As I have pointed out in two recent posts, the reestablishment of the State of Israel back in 1948 (and its miraculous ( Six day War) retaking control of Jerusalem in 1967) is the first and major sign Jesus gave of His second coming, His return to earth at the place He left it, a little over two thousand years ago.
The Bible provides more prophecies of His second coming than His first. All of those were fulfilled, so you can be sure those of His second coming will be as well. Are you prepared for His second coming? Is your church prepared for His second coming? The Bible tells us there will be a great falling away in the “last days”. Even the elect deceived. As persecution intensifies, and it will if you take a stand against abortion, gay marriage and transgender issues, will you stand firm. Sadly, much of the church has already given up on Biblical inerrancy particularly on issues such as Creation, adopting evolution, homosexuality, gay marriage and the related issues of God given roles for male and females in the family and church.
LIVING ETERNAL NOW 