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

Saturday, August 29, 2015

Chinese markets crash again in biggest collapse in 20 years

Prophecy Sign:  The coming global economic collapse

Chinese markets suffered their biggest collapse in 20 years over the last couple of weeks, and the rout will continue according to the Bank of America Corp.  At the same time, money is pouring out of emerging markets at levels not seen since the collapse of 2008.  Places such as Venezuela are the proverbial 'canaries in the gold mine'  as the global economic collapse continues to build momentum.

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

Chinese markets crash again in biggest collapse in 20 years
The key Shanghai Composite Index sank another 7.63 percent Tuesday, extending its worst four-day rout since 1996. The index has fallen 22 percent since August 19. Investors were rattled as the China Securities Regulatory Commission made no attempt to reassure markets after Monday’s crash, as they did a month ago after an 8.5 percent drop. “It’s panic selling and an issue of confidence,” Wei Wei, an analyst at Huaxi Securities in Shanghai, told Bloomberg News."The government won’t step in to rescue the market again, as it’s a global selloff and it’s spreading everywhere now. It’s not going to work this time.”

Plunge Protection Team Losing Control of Markets-Jim Sinclair
Legendary gold expert Jim Sinclair says what is going on right now in the stock market is just the warm-up act. Sinclair contends, “This is a pre-crash, and we are not making it through September without the real thing. Everybody is on credit. Main Street is on credit. This seems to be a bubble of historical proportion when it comes to the amount of money supporting the accepted lifestyles as being the new normal. Raising interest rates is impossible today. The market is so fragile. Nothing can come out that causes people any concern or derivatives any change, nothing whatsoever. We are going through a period of time where expecting nothing meaningful is a dream. These are times never experienced in financial history. . . .It is very possible that we are going to have a super civilization change. ”
http://usawatchdog.com/plunge-protection-team-losing-control-of-markets-jim-sinclair/

Money Pours Out of Emerging Markets at Rate Unseen Since Lehman

Venezuela Is Adding More Zeroes to Its Currency to Deal With Hyperinflation
Venezuela is preparing to issue bank notes in higher denominations next year as rampant inflation reduces the value of a 100-bolivar bill to just 14 cents on the black market. The new notes -- of 500 and possibly 1,000 bolivars -- are expected to be released sometime after congressional elections are held on Dec. 6, said a senior government official who isn’t authorized to talk about the plans publicly. Many Venezuelans have to carry wads of cash in bags instead of wallets as soaring inflation and a declining currency increase the number of bills needed for everyday purchases. The situation is set to get worse. Inflation, already the fastest in the world, could end the year at 150 percent, said the official.

Venezuela’s Food Shortages Trigger Long Lines, Hunger and Looting
Hours after they looted and set fire to a National Guard command post in this sun-baked corner of Venezuela earlier this month, a mob infuriated by worsening food shortages rammed trucks into the smoldering edifice, reducing it mostly to rubble. The incident was just one of numerous violent clashes that have flared in pockets around the country in recent weeks as Venezuelans wait for hours in long supermarket lines for basics like milk and rice. 


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