Why the World Economic Forum (WEF) Great Financial Reset will happen. The financial world is divorced from reality largely due to the exorbitant money-printing activities of the U.S. Central Bank and the European Central Bank.
In the Fall of 2008 – October 3rd the chart spikes higher – the day the Federal Government bailed out the banks. But that’s not all they did. Over the next 12 years, the Fed printed so many dollars, the money supply doubled by 2020. In other words, the government hasn’t tapped the brakes on the printing press in any meaningful way since 2008. That’s why, today, it’s becoming harder and harder for Americans to make ends meet. There’s simply no way to get ahead of this by ‘earning’ money in a job…
If rates went back up to 5%… 6%… or the historic average of 8%? The truth is… if the Fed stops printing and normalizes interest rates, it will be like pulling the pin from a grenade strapped to their own chest.
Thousands of Americans will soon become impoverished… while others become much, much wealthier – practically overnight. Normality is gone, I recently saw this story about Nyla Hayes, a 12-year-old girl who made $1.6 million selling NFT art. (A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership). At the same time, in cities across America, people in the middle class are struggling to keep a roof over their heads.
This is all leading up to prophesied “end times” mark of the Beast where people will not be able to buy or sell unless they have the Antichrist’s mark (microchip) inserted in their hand or forehead.
“Also, it (The False Prophet) causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name.” Revelation 13:16-17
Technology is advancing exponentially and its adoption is also experiencing exponential growth. Our lifestyles are set to change dramatically as a result. At the same time governments have recklessly taken on so much debt they are unable to govern responsibly. Money printing is rampant and interest rates close to or at zero. A great financial reset is inevitable. As well, Covid has given governments much more control over their citizens which they will not readily relinquish. Covid has also changed dramatically how businesses operate and in fact how we live our lives. The scene is set for Technochasm. Eric Fry, editor of Fry’s Investment report first used the word Technochasm to describe the phenomenon that is dividing our economy — and our stock market — into distinct groups of winners on one side … and losers on the other. Tech-focused and tech-enabled companies are leaving their old-school counterparts in the dust — both on Main Street and on Wall Street.
Saudi Arabia is building a futuristic mega-city called Neom deep in a desert bordering the Red Sea.
The state has pledged at least $500 billion to make it happen, and is soliciting further investment.
Another good example of technological change is Electric Vehicles and Driverless vehicles both developing at a phenomenal rate, made possible by 5G. Experts predict that by as early as 2030 – that 95% of new car sales will be Electric Vehicles (EV) largely due to the development of solid state batteries when 1000 km range will become the norm, and charging time cut to 5 minutes (80 per cent). EV self driving cars will reduce the traffic volumes by 80% on the roads. Imagine the impact this will have on our how we live our lives. You will not own a car, you will order a driverless car for each occasion. A minicar for one person to go to work or an eight person vehicle for the family to go on an outing. Homes will no longer need garages. The vehicle that takes you to work will immediately be sent on another errand or to a Battery Recharge Station.
What about robotics? Amazon already has a robotic warehouse. It operates 24 hours a day, seven days a week and for the most of the time it does not need the lights on. Robots make few order processing errors so the Customer Service Department was reduced dramatically.
Robot restaurants are popping up all over downtown San Francisco, as a futuristic option for people to grab fast food for cheap. The latest example is Creator, a robotic restaurant that specializes in making gourmet hamburgers with their all-in-one burger robots. This video takes you behind-the-scenes of their appointment-only smart kitchen to learn more about how robots will be the future of food in urban cities. Why they say Robot restaurants won’t take your job is because without robots these restaurants would not exist because the owners could not afford the space needed nor pay the staff costs required for a restaurant using manual labour.
Blockchain technology is another big disrupter, its impact will be almost if not bigger than the internet. Blockchain technology will break the shackles of centralization and provide better options to end-users. At the core, blockchain is a decentralized, peer-to-peer ledger-based network where there is no central authority. It will take the middle man out of so many transactions across most sectors of industry (trade and finance) and government.
Another aspect of the Digital Revolution is digital money. Bitcoin is already mainstream but in addition China is set to launch the digital yuan latest 2022. America will not be far behind as they realise the digital yuan will give China an edge to challenge America as the dominant international currency.
Put all this radical exponential technological change together with Governments that are no longer able to govern wisely and we have Technochasm. The rich are getting richer and the middleclass and the poor are getting poorer. The young believe previous generations, particularly this generation have destroyed the planet to the extent it now threatens their existence. They are taking to the streets and to violence to effect change, anarchy and lawlessness is escalating. I believe the scene is being set for the prophesied Antichrist to step onto the stage, the strongman able to solve the worlds problems. However, Bible prophecy tells us we still have two significant middle east wars before the little horn (Antichrist) of Daniel 7 & 8 is revealed. Regardless, time is short, Christians need to get about our Master’s business to share the Gospel, the only good news for a world that is facing the wrath of God.
Ten indicators that the next major global economic crisis is imminent. The mainstream media in the United States almost entirely ignores Europe, but what is going on over there is key right now.
The 9th largest economy in the world, Italy, is in the midst of yet another financial meltdown. Italian banking stocks crashed really hard this week. Italian two year bond yields are the highest that they have been since the crisis of 2014. In fact, there are fears that it could spread to other areas of the euro zone. Europe could barely handle what happened in Greece, and the Italian economy is many times its size.
German banking giant Deutsche Bank just announced that it will be cutting another 7,000 jobs as it “seeks to turn the page on years of losses”. Many are amazed that it has survived for this long. If Deutsche Bank fails in 2018, it will essentially be a “Lehman Brothers moment for the entire planet.
In the US, the “smart money” is getting out of stocks at a rate that we haven’t seen since just before the financial crisis of 2008.
Moody’s is warning that a “particularly large wave” of junk bond defaults is coming. Junk bond defaults are often an early warning indicator for a major financial crisis.
According to the FDIC, a closely watched category known as “assets of problem banks” more than tripled during the first quarter of 2018. What that means is that some really big banks are now officially in “problem” territory.
Once things start unravelling in Europe, the US will be deeply affected as well. The global financial system is more interconnected than ever before, and at this point the US is even more vulnerable than it was just prior to the crisis of 2008.
When this thing breaks loose, it won’t matter who is in the White House, who is in Congress or who is running the Federal Reserve, there is nothing that anyone will be able to do to stop it.
Global central banks have been able to buy a few extra years of time by engaging in unprecedented levels of intervention, but now they are almost out of ammunition and events are beginning to escalate at a very frightening pace.
Church will need to be like in the Book of Acts where believers shared their resources with those in need. Be prepared, get out of debt, and make sure you have readily available reserves.