'Very painful': World heading for bust 'unlike any other', says Jeremy Grantham

Prophecy Sign:  The coming global economic collapse, (and reset)

You don't even have to talk to a student of bible prophecy to know that an economic tsunami is washing towards us, (just ask any market trends watcher, and he will tell you).  Along with all the coming wars, earthquakes, famines and plagues, there approaches an economic collapse.  Out of this collapse will arise a new world economic order which will initially be controlled by a cadre of 10 new economic kingdoms/kings. These kings will then turn over their power and authority to the Antichrist, (Revelation 17:12-13).

Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV

'Very painful': World heading for bust 'unlike any other', says Jeremy Grantham
Legendary investor Jeremy Grantham says the US Federal Reserve is killing the recovery of the world's biggest economy and the ''next bust will be unlike any other''. Mr Grantham has an impeccable track record, having called both the internet bubble and then the US housing bubble. In November he said he believed the US sharemarket could rise another 30 per cent, although he believed it was overvalued, before crashing again. ''We invest our clients' money based on our seven-year prediction,'' Mr Grantham told Fortune.
''Over the next seven years we think the market will have negative returns. The next bust will be unlike any other because the Fed and other central banks around the world have taken on all this leverage that was out there and put it on their balance sheets. We have never had this before. 

Where Is China’s Debt Bomb Hiding?
As fears rise of companies going bankrupt and local governments defaulting, and with speculation mounting about a coming “Bear Stearns Moment,” it’s worth looking at which parts of China are most indebted.


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