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
Chain Reaction of Problems Coming In 2015: “Collapse Will Be On A Scale That Is Many Magnitudes Greater Than 2008″
If you’re like most Americans, then you are absolutely loving the price you paid this week for a gallon of gas. Just a couple of years ago it was not uncommon to see a $75 price tag for filling up your car. Today, you might be driving off for half that amount. On the surface the recent drop in the price of oil has been a huge boost to America’s pocket books. But according to some analysts we shouldn’t be to quick to celebrate. The U.S. Oil and Gas industry has seen incredible job growth during the recession, with nearly 800,000 new jobs being attributed to domestic fracking and drilling expansion. At over $100 barrel, there was plenty of money to go around. But with a sub-sixty dollar price point, it’s quite possible that all economic hell is about to break loose. For many it has already begun.
The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015
Sadly, what we are experiencing right now is so similar to what we witnessed in 2007 and early 2008. The stock market had been on a great run, people were flipping houses like crazy and most people were convinced that the party would never end. But then it did end – very painfully. The signs of trouble were there, but most people chose to ignore them. Sadly, the exact same thing is happening again. On Monday, the price of oil hit a brand new five year low. As I write this, U.S. oil is sitting at a price of $53.76 a barrel, which is nearly a 50 percent decline from the peak earlier this year. There is only one other time in history when the price of oil has declined by more than 50 dollars a barrel in such a short time frame. That was back in the middle of 2008, shortly before the worst stock market crash since the Great Depression. Unless the price of oil starts really bouncing back, the U.S. economy is going to be hit really hard.
Man Asked To Speak To Chinese Officials Warns 2015 Collapse To Dwarf That Of 2008
Today a legend who was recently asked by the Chinese government to give a speech to government officials in China warned King World News that the 2008 collapse was merely a dress rehearsal for what the world will face in 2015. John Ing, who has been in the business for 43 years, also discussed what is going to trigger a disastrous chain reaction, panic and worldwide financial destruction in the coming year.
John Ing: “While everybody appears to be celebrating the record highs on Wall Street, we are also seeing a loss of public trust. One key example of this loss of public trust is when you look at the $1.1 trillion spending bill in the U.S., where there was the dilution of the Dodd-Frank Act which now allows for bail-ins in the United States. Elizabeth Warren immediately warned that we keep on diluting these so-called safeguards that have been put in place which were designed to prevent a repeat of 2008. This will lead to disastrous consequences. “Meanwhile, the derivatives monster has gotten even bigger. With the drop in the oil price we have yet to see the impact of the credit default swaps and what this will mean for the stability of the global financial system. This will certainly set off a chain reaction of problems in 2015.