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…

Image result for picture of riots on the streets of Baltimore

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.