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

Thursday, November 13, 2014

If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?

Prophecy Sign:  The coming global economic collapse



When a great many economic prognosticators with far more knowledge of such things as we have, all begin to point their fingers at 2015-2016 and say beware, we take notice. What's on the horizon and how bad it will be is anyone's guess.  However we do know that in order for a brand new global economic order to be implemented, (and headed up by the Antichrist), the current system has to be replaced, which quite likely will be a messy transition.

Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away, and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment. James 5:1-3 NLT

If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?
The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking.  If we go back and look at the numbers in the fall of 2007, we find that the Dow set an all-time high in October, margin debt on Wall Street had spiked to record levels, the unemployment rate was below 5 percent and Americans were getting ready to spend a record amount of money that Christmas season.  But then the very next year the worst economic crisis since the Great Depression shook the entire planet and everyone wondered why most people never saw it coming.  Well, now a similar pattern is unfolding right before our eyes. 
http://theeconomiccollapseblog.com/archives/if-everything-is-just-fine-why-are-so-many-really-smart-people-forecasting-economic-disaster

24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy
Nearly half of all Millennials are spending at least half of their paychecks to pay off debt, more than 30 percent of them are living with their parents because they can't find decent jobs, and this year the homeownership rate for Millennials sunk to a brand new all-time low.  When you break U.S. adults down by age, our long-term economic decline has hit the Millennials the hardest by far.  And yet somehow we expect them to bear the burden of providing Medicare, Social Security and other social welfare benefits to the rest of us as we get older.  No wonder there is so much anger and frustration among our young people. 

Prediction: Economic Collapse, Civil Unrest in America by 2016
Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future. The economist is Martin Armstrong, whose correct predictions include the 1987 Black Monday crash and the 1998 Russian financial implosion. And now he’s predicting civil unrest in America by 2016, precipitated by an economic collapse which he calls “the magic ingredient.” “Turn the economy down,” he continued, “and you get civil unrest and revolution.”

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