It's our belief that there will be two coming global economic collapses. The first, (which looks to be right around the corner), will usher in the new economic world order of the Antichrist. The second collapse will happen during the later part of the Tribulation when God judges this new system and brings it to an end. More about the second collapse can be learned by reading Revelation 18.
While we do not believe the Church will be here on earth during the second collapse and God's judgement of the Antichrist controlled economic system, we the Church may in fact be around for much of the first collapse which brings about the system of the Antichrist. Knowing this, it is prudent for the Christian to plan for that eventuality. Stock up!!
The day is here! It has come! Doom has burst forth, the rod has budded, arrogance has blossomed! Violence has grown into a rod to punish wickedness; none of the people will be left, none of that crowd—no wealth, nothing of value. The time has come, the day has arrived. Let not the buyer rejoice nor the seller grieve, for wrath is upon the whole crowd. The seller will not recover the land he has sold as long as both of them live, for the vision concerning the whole crowd will not be reversed. Because of their sins, not one of them will preserve his life. Ezekiel 7:10-13 NIV
Market crash 'could hit within weeks', warn bankers
A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets. Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the
financial group's implosion nearly three years ago.
"The problem is a shortage of liquidity – that is what is causing the problems with the banks. It feels exactly as it felt in 2008," said one senior London-based bank executive.
enters depression, ‘world will follow’, former World Bank economist warns
In Richard Duncan’s pessimistic view,
Canada gets points for its safe banking system
and vast natural resource wealth, but in the end, just like the rest of the
world, we will be sucked into the giant vortex when the U.S. finally
implodes under the weight of trillions and trillions of debt that is no longer
A former World Bank economist, Mr. Duncan doesn’t fit easily into standard categories. Like many conservatives, he argues that things went wrong when the
government abandoned the gold standard in the late 1960s, paving the way for an
explosion in credit creation and inflation.