Prophecy Sign: The coming global economic collapse
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
India central bank chief warns of another market crash
India's central bank governor, renowned for forecasting the 2008 financial meltdown, has warned that the world economy faces risk of another market crash as asset prices surge. Increasing global financial instability stems from investors chasing ever higher yields, Raghuram Rajan, a former International Monetary Fund (IMF) chief economist, told the Central Banking Journal. "True, it (another financial sector crisis) may not happen if we can find a way to unwind everything steadily," Rajan, who is famed for predicting the 2008 markets crash years in advance, said in the interview posted late Wednesday on the journal's website.
Currency wars are set to escalate as the petro dollar’s decline continues. Russian Energy Minister Alexander Novak and his Iranian counterpart Bijan Zanganeh signed a five-year memorandum of understanding in
which included cooperation in the oil sector. “Based on ’s
proposal, we will participate in arranging shipments of crude oil,
including to the Russian market,” Novak was quoted as saying. The five year
accord will see Russia help Iran “organize oil sales” as well as
“cooperate in the oil-gas industry, construction of power plants, grids, supply
of machinery, consumer goods and agriculture products”, according to a
statement by the Energy Ministry in Moscow. Iran
Whistleblower: Fed “Highly Alarmed” About Bitcoin Conquering Dollar System
A whistleblower who was employed as a briefing researcher at the Federal Reserve has revealed that Fed governors were “highly alarmed” by a major internal report which revealed that Bitcoin would likely supercede the dollar system within the next 12 years. The individual outlined what happened in a Reddit post, explaining that he was a trained economist with a B.S. in Computer Science, an M.S. in Operations Research, a PhD in Econometrics, and had been tasked by the Federal Reserve to compile a report on Bitcoin and how the cryptocurrency would impact the existing monetary system. Several other research teams had also been assigned the same task by the Fed.