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

Thursday, December 11, 2014

The United States of Debt: A Ticking Time Bomb

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


For the observant, the current economic path that we see is eerily similar to events just prior to the 2008 economic crash.  Already, stock markets are showing signs of coming troubles. Another economic crisis much greater than 2008 is the event that will cause the world to accept a brand new economic model that will be controlled by the future Antichrist.

For he has oppressed the poor and left them destitute; he has seized houses he did not build.  “Surely he will have no respite from his craving; he cannot save himself by his treasure.  Nothing is left for him to devour;  his prosperity will not endure. Job 20:19-21 NIV

The United States of Debt: A Ticking Time Bomb
Sorry, but this one you can't blame on either party. Yes, President Barack Obama has made the problem much, much worse, but the scary truth is the national debt keeps rising inexorably no matter who or which party is in office. That's the new law of American politics. When I first arrived in Washington in the early 1980s the debt was roughly $2 trillion. This week, 30 years and five presidents later, the debt exceeded for the first time $18 trillion. We have been in the red in all but four of the last 40 years. That's $18,000,000,000,000. We all know that $18 million is a lot of money. This is $18 million times another million. The number is so gigantic we won't or can't try to fathom it.
Maybe this debt bubble won't burst. Let's pray that it doesn't. If it does, the 2008-2009 real estate crash could look like a picnic by comparison. The politicians think they are pulling a fast one here, but the vast majority of Americans feel in their gut that the economy is headed in the wrong direction in no small part because of this debt time bomb.
http://www.cbn.com/cbnnews/finance/2014/December/The-United-States-of-Debt-A-Ticking-Time-Bomb/

Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…
In other words, prices for industrial commodities usually start to move in a particular direction before the overall economy does.  We witnessed this in the summer of 2008 when a crash in commodity prices preceded the financial crisis in the fall by a couple of months.  And right now, we are witnessing what may be another major collapse in commodity prices.  In recent weeks, the price of copper has declined substantially.  So has the price of iron ore.  So has the price of nickel.  So has the price of aluminum.  You get the idea.  So this isn’t just about oil.  This is a broad-based commodity decline, and if it continues it is really bad news for the U.S. economy.

China’s Stocks Sink Most Since 2009 as Turnover Jumps to Record
Chinese stocks tumbled the most since 2009 amid volatile trading that spurred the benchmark index’s biggest swings in five years and sent turnover to a record. The Shanghai Composite Index (SHCOMP) slid 5.4 percent to 2,856.27 at the close, the most since August 2009, after earlier gaining as much as 2.4 percent. 
http://www.bloomberg.com/news/2014-12-09/china-s-stock-index-futures-fall-as-rate-swaps-jump-most-in-year.html


TSX tumbles into correction territory as energy stocks sell off amid oil plunge
The Toronto stock market hit correction territory Wednesday, losing almost 350 points in the worst one-day sell-off since June 2013 amid a further plunge in energy stocks. The S&P/TSX composite index tumbled 342.78 points to 13,852.95, led by a drop of 5.5 per cent in the energy group after the OPEC cartel cut its forecast for 2015 world demand for its oil
http://business.financialpost.com/2014/12/10/tsx-falls-further-as-oil-prices-slide/

Stocks Drop Sharply, Dow Tumbles as Oil Slides
Crude oil's stranglehold on stocks tightened Friday, dragging the Dow industrials down 200 points at midday. Oil prices fell again after the International Energy Agency cut its forecast for oil demand in 2015. The move increased worries about the global economy and demand. China heightened those concerns after it released some disappointing data on industrial production in the world's second-largest economy. "Oil is down and stocks are down. There are continued concerns about slower demand and the rest of the world and what that means for the broader picture that is dragging down stocks today," said Kate Warne, investment strategist at Edward Jones.

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