Prophecy Sign: The coming global economic collapse
A major economic collapse did not occur on Elul 29, (September 13), the end of the current seven year Shemitah as some where anticipating given the track record of the last two Shemitahs, (2008 & 2001). However, that does not mean that the global economic situation has in any way improved. In fact the opposite is true as reported by the following article.
"Will not all of them taunt him with ridicule and scorn, saying, "'Woe to him who piles up stolen goods and makes himself wealthy by extortion! How long must this go on?' Will not your creditors suddenly arise? Will they not wake up and make you tremble? Then you will become their prey. Because you have plundered many nations, the peoples who are left will plunder you. For you have shed human blood; you have destroyed lands and cities and everyone in them. Habakkuk 2:6-8 NIV
The Stock Markets Of The 10 Largest Global Economies Are All Crashing
You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far the mainstream media in the
is treating it like it isn’t really a big deal. Over the last sixty days,
we have witnessed the most significant global stock market decline since the
fall of 2008, and yet most people still seem to think that this is just a
temporary “bump in the road” and that the bull market will soon resume.
Hopefully they are right. When the Dow Jones Industrial Average plummeted
777 points on September 29th, 2008
everyone freaked out and rightly so. But a stock market crash doesn’t
have to be limited to a single day.
Since the peak of the market earlier this year, the Dow is down almost three times as much as that 777 point crash back in 2008. Over the last sixty days, we have seen the 8th largest single day stock market crash in
history on a point basis and the 10th largest single day stock market
crash in U.S.
history on a point basis. You would think that this would be enough to
wake people up, but most Americans still don’t seem very alarmed. And of
course what has happened to U.S.
stocks so far is quite mild compared to what has been going on in the rest of