Prophecy Sign: The coming global economic collapse
This past weekends "market correction", as the lame-stream media likes to call the most recent market drop, cost American households nearly 1.8 trillion dollars in wealth. And the worst is yet to come according to many market prognosticators who are predicting an outright global economic collapse as soon as this coming September and October and into 2016.
So our question to you folks reading this blog entry is thus; ARE YOU READY?? That applies to both a spiritual nature and a here on earth nature. Are you a saved child of the one and only son of the living God? Do you have a right relationship with Jesus Christ, who is God made flesh? Are you ready for whatever comes next? As for the earthly nature of things, are you prepared in the event we witness an economic tsunami in the months to come that will make the Great Depression pale by comparison? Even the former head of communications at the British Treasury under the Gordon Brown government is warning people to prepare for a coming stock market crash.
Now is the day of salvation, (2 Corinthians 6:2), and now is the time to prepare and pray for what is about to come our way.
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
It Is Time To Kick Prepping Into Overdrive, Because This Stock Market Crash Is Just The Beginning
If you have not been preparing for what is coming, you need to get off your sofa and you need to start prepping right now. Just remember what happened back in 2008. That crisis took most people totally by surprise. Millions of Americans lost their jobs, and because most of them were living paycheck to paycheck, all of a sudden most of them couldn’t pay the rent or the mortgage either. Large numbers of families that were once living a comfortable middle class lifestyle suddenly found themselves destitute. Well, this coming crisis is going to be even worse by the time it is all said and done, and it is not just going to be economic in nature. Over the past two trading days, the Dow has gone down more than a thousand points. The shaking that so many have warned about has begun. As this shaking plays out, you and your family will need cash, food, supplies and a whole bunch of other things. If you do not already have everything prepared, then you need to kick your prepping into overdrive because we are on a very compressed time frame now.
Stock up on canned food for stock market crash, warns former Gordon Brown adviser
A former adviser to Gordon Brown has urged people to stock up on canned goods and bottled water as stock markets around the world slide. Damian McBride appeared to suggest that the stock market dip could lead to civil disorder or other situations where it would be unreasonable for someone to leave the house.
“Advice on the looming crash, No.1: get hard cash in a safe place now; don't assume banks & cash points will be open, or bank cards will work,” he tweeted.
“Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.
“Crash advice No.3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.”
Households just saw $1.8 trillion in wealth vanish as stocks fall
As of March 31, households and nonprofits held $24.1 trillion in stocks. That’s both directly, and through mutual funds, pension funds and the like. That also includes the holdings of U.S.-based hedge funds, though you’d have to think that most hedge funds are held by households. Using the Dow Jones Total Stock Market index DWCF, -1.24% through midmorning trade, that number had dropped to $22.32 trillion. In other words, a cool $1.8 trillion has been lost between now and the first quarter — and overwhelmingly, those losses occurred in the last few days. This will probably be the worst quarter for stock-market destruction since the third quarter of 2011, when $2.8 trillion was wiped away.
World markets plunge as
After historic 1,000-point plunge, Dow dives 588 points at close