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

Monday, February 9, 2015

Debt mountains spark fears of another crisis

Prophecy Sign:  The coming global economic collapse, (and emergence of a New Economic World Order)


'They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 NIV

Debt mountains spark fears of another crisis
The world is awash with more debt than before the global financial crisis erupted in 2007, with China’s debt relative to its economic size now exceeding US levels, according to a report. Global debt has increased by $57tn since 2007 to almost $200tn — far outpacing economic growth, calculates McKinsey & Co, the consultancy. As a share of gross domestic product, debt has risen from 270 per cent to 286 per cent. McKinsey’s survey of debt across 47 countries — illustrated in an FT interactive graphic — highlights how hopes that the turmoil of the past eight years would spur widespread “deleveraging” to safer levels of indebtedness were misplaced. The report calls for “fresh approaches” to preventing future debt crises. “Overall debt relative to gross domestic product is now higher in most nations than it was before the crisis,” McKinsey reports. “Higher levels of debt pose questions about financial stability.”
http://www.ft.com/cms/s/0/2554931c-ac85-11e4-9d32-00144feab7de.html#axzz3QtLRUGra

Shocking Chart: The Global Economy Is About To Implode: ‘Inching closer to… the lowest level ever’
The Baltic Dry Index (BDI) is used by economists and stock traders alike as a leading economic indicator because it predicts future economic activity. The index tracks in US dollars and measures global supply and demand for commodity shipments among bulk carriers including raw materials like lumber, coal, metallic ores, and grains.

What you’re about to see may shock you if you’re of the opinion that an economic recovery has taken hold. Not only has the index lost 90% of its value in the last several months, but according to Zero Hedge it is just a day or two away from its all-time record lows. Where is the global economy headed in the next few months? If The Baltic Dry Index is any guide, it’s about to implode.

It Is About To Get Ugly: Oil Is Crashing And So Is Greece

Greece could run out of cash in less than a month

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