Prophecy Sign: The coming global economic collapse, (Ezekiel 7, James 5, Revelation 18)Will the 7 year Shemitah cycle once again make its presence felt on world financial markets in the coming weeks ahead? Many market observers say yes including a Florida mathematician who through the use of statistics is warning that the month of September could see a global economic collapse on biblical proportions. It remains to be seen, but for sure the bible warns of a coming major global economic collapse, (Revelation 18), which will take down the global economic house of cards during the coming Tribulation period. This Babylonian New World Order financial/economic system of the Antichrist will be destroyed as part of God's judgement on the world during the dark days of the Tribulation.
“When the kings of the earth who committed adultery with her and shared her luxury see the smoke of her burning, they will weep and mourn over her. Terrified at her torment, they will stand far off and cry: “‘Woe! Woe to you, great city, you mighty city of
In one hour your doom has come!’ “The merchants of the earth
will weep and mourn over her because no one buys their cargoes anymore. Revelation
Statistician: Date proves Biblical financial collapse
Get ready – because the best of times are over and the worst of times may have just begun. That is the assessment of a
Florida mathematician who has studied the biblical Shemitah cycle as it applies to the financial markets. Thomas Pound is an educator and mathematician who applies his statistical wizardry to the markets. The Dow fell another 468 points, or 3 percent, Tuesday, providing fresh evidence for investors the sell-off which began in August was no mirage. It is likely to continue in September. Only eight more trading days remain until the dreaded Elul 29, which is the final day of the Shemitah year, known as “wipe out day” on the Hebrew calendar. Since Elul 29 falls on a Sunday, Sept. 13, when the markets are closed, the rest of this week and the following week could bring the most devastating losses. Another theory is that the period of Sept. 14-28 right after Elul 29 and leading up to a scheduled blood moon (on Sept. 27-28) could be worth watching.
'People Are Losing Confidence': Dow Falls 470 Points in Third-Biggest Drop This Year
U.S. stocks joined a worldwide selloff, after equities’ worst month in more than three years, amid continuing concerns that China’s slowdown will weigh on the global economy. Energy shares fell for the first time in five sessions as oil retreated after the commodity’s strongest three-day rally since 1990. Exxon Mobil Corp. and ConocoPhillips slumped more than 2.8 percent. Banks were among the hardest hit, with Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. losing at least 4.1 percent. Apple Inc. and Microsoft Corp. sank more than 3.9 percent to drag down technology shares. Copper producer Freeport-McMoRan Inc. dropped 8.2 percent.
Wall Street Volatility Ongoing Despite Positive Signs
The volatility is continuing on Wall Street as concerns over
China's economy remain. U.S. stocks plunged Tuesday, with the Dow Jones industrial average losing almost 470 points for the third worst drop of the year. All three major U.S. stock indices fell briefly into correction territory last week, and now they're back in that zone, down by about 10 percent from their highs. Over in China, stocks bounced back after some sharp losses Wednesday. The big ups and downs are likely to continue in the United States as well, even as positive economic news keeps coming in.