We are living in exciting times. The Signposts point to Jesus soon return.

Thursday, February 27, 2014

This is no recovery, this is a bubble – and it will burst

Prophecy Sign:  The coming global economic collapse, (re-set)

Further evidence of the shaky global economic situation.  All over the world, governments are up to their noses in debt and are barely treading the deep waters to keep breathing.  Some day very soon they will go under. Recent years has seen the Chinese acting as the major life preserver as the emerging giant of an economy gobbled up billions in new treasuries issued by the America's.  This allowed America to flood their economy with new money keeping things at a status quo.  However, the Chinese may be about to yank the life-jacket out of the water and cause all those paddling in the deep end to sink like stones.  Everything is so tied together globally in the financial world that as one domino begins to topple all the other dominoes will fall in short order.  It is our belief that out of the ashes of this economic collapse will arise the new world economic order of the Antichrist.

They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 NIV

This is no recovery, this is a bubble – and it will burst
Stock market bubbles of historic proportions are developing in the US and UK markets. With policymakers unwilling to introduce tough regulation, we're heading for trouble

Analysts say NZ economy ready for collapse
A London-based hedge fund manager says New Zealand is like Ireland pre-global financial crisis and it's only a matter of time before the Kiwi dollar plunges. According to Bloomberg, Stephen Jen, a partner at SLJ Macro Partners and colleague Fatih Yimaz said in a note that while the "the case for kiwi seems compelling" the reality is "quite different". "New Zealand has severe structural weaknesses that are very similar to those of crisis-hit southern European and southern emerging-market economies. Kiwi may be 20 per cent overvalued," the pair said.

Ukraine Replaces Central Bank Head
“The economic and political challenges that Ukraine faces are enormous,” Lubomir Mitov, chief economist for emerging Europe at the Institute of International Finance, which represents more than 400 institutions globally, said on a conference call with reporters. “To avoid a complete collapse in the coming weeks, Ukraine needs money now.”

$70 Billion in Debt: Puerto Rico's Detroit-Like Economic Turmoil
Puerto Rico's economic crisis features a shrinking economy and a declining population, with 15 percent unemployment rate to boot. In laymen's terms, things aren't looking too good for the high income economy territory with the poverty rate of 41 percent. Numbers show that they're poorer than the poorest state in the United States. The ever-mounting debt in Puerto Rico has been outgrowing its economy for years, and at the macroeconomic level, Puerto Rico has been experiencing a yearly recession for 8 consecutive years, starting in 2006.

China Starts To Make A Power Move Against The U.S. Dollar
At this point, China owns more of our national debt than any other country does.  But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly.  Demand for the U.S. dollar would fall and prices would go up.  And interest rates on our debt and everything else in our financial system would go up to crippling levels.  So it is absolutely critical to our financial future that China continues to play our game. Unfortunately, there are signs that China has now decided to start looking for a smooth exit from the game. 

Eight Banker Suicides Mystery Deepens

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