Prophecy Sign: The coming global economic collapse and restThe European economy is still a mess with little to no growth, high unemployment and huge debt loads. The prospect of Scotland splitting from Great Britain is rattling markets with warnings to investors to flee the area. Meanwhile Japan is still in the grips of a decades longs recession. The only thing sustaining the Japanese economy is the fact that nearly all her debt is held within Japan, (self financed). With so many areas teetering on the brink, it would not take much for a global train wreck of an economic disaster to occur.
The time has come! The day has arrived! Let not the buyer rejoice nor the seller grieve, for my wrath is on the whole crowd. The seller will not recover the property that was sold—as long as both buyer and seller live. Ezekiel 7:12-13 NIV
Europe Is Coming Apart
All of this comes, of course, amid dismal economic numbers pretty much everywhere in Europe, which is a result of austerity, a broken monetary system, and a flat-footed European Central Bank (ECB). Last week European ECB President Mario Draghi unveiled new measures to revive the eurozone. Hopefully they're effective. In the meantime, it appears Europe is working against some strong centrifugal forces.
European Union a Titanic Wreck in Waiting?The European Union has been called the most ambitious political project in history, but it faces a very troubled future. And in politics, as in boxing, the bigger they are, the harder they fall.
Get your money out of Britain: Global banks warn investors 'Yes' vote would be 'cataclysmic' for UK economy
International investors have been warned to pull their cash out of Britain to protect themselves against the 'cataclysmic' impact of Scottish independence. Japan's biggest bank, Nomura, warned sterling could plunge by 15 per cent in the event of a ‘Yes’ vote – amid warnings over a ‘run on UK assets’ threatening savings and pensions of ordinary families. It came as it emerged David Cameron has pleaded with business chiefs to publicly warn against Scottish independence. The Prime Minister asked company bosses at a Downing Street drinks event last night to 'highlight the dangers of a Scottish exit in any way we can'.
Japan says economy contracted 7.1 percent in April-June on bigger drop in business investment
Japan's economy contracted at a larger than earlier estimated annual rate of 7.1 percent in April-June, as companies and households slashed spending following a tax hike. The revised data released Monday show business investment fell more than twice as much as estimated before, or 5.1 percent, while private residential spending sank 10.4 percent, in annual terms. The earlier estimate showed the economy contracting 6.8 percent. The recovery of the world's third-largest economy has slowed following the increase in the sales tax to 8 percent from 5 percent on April 1.
Professional Investors Are Preparing For A Stock Market Crash
It looks like a growing number of professional investors are preparing for a stock market crash, as hedge fund filings for the second quarter show a spike in defensive positions. In particular, legendary billionaire George Soros made a huge bet against the market. He increased his short position on the Standard & Poor’s 500 by a startling 605%.