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

Thursday, December 10, 2015

Peter Schiff Warns: "The Whole Economy Has Imploded... Collapse Is Coming"

Prophecy Sign:  The coming global economic collapse, (and reset to the new economy of the Tribulation) 

A global economic collapse is necessary in order to bring about the right conditions for the implementation of a new economic world order to be headed by non other than the future Antichrist. Will the year 2016 be the year that starts the ball rolling towards that end?  Trends forecaster, Gerald Celente, (video below), believes we will see much more than just an economic downturn in the coming year.

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

Peter Schiff Warns: "The Whole Economy Has Imploded... Collapse Is Coming"
Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions about a coming economic collapse. Among other things Schiff warned that consumer spending had hit a wall, stocks were overpriced and lax credit lending practices would lead to a detonation of the banking system. Rather than heed the warnings, the biggest names in mainstream media tried to discredit him for not toeing the official narrative. Shortly thereafter, of course, Schiff was vindicated and much of the doom he had forecast came to pass. Today, Schiff continues to argue that the economy is on a downhill trajectory and this time there’ll be no stopping it. All of the emergency measures implemented by the government following the Crash of 2008 were merely temporary stop-gaps. The light at the end of the tunnel being touted by officials as recovery, Schiff has famously said, is actually an oncoming train. And if the forecast he laid out in his latest interview is as accurate as those he shared in 2007, then the the train is about to derail.

Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel?
On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years.  The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s.  As I write this article, the price of U.S. oil is sitting at $37.65.  For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy.  Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date.  The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.
http://theeconomiccollapseblog.com/archives/guess-what-happened-the-last-time-the-price-of-oil-plunged-below-38-dollars-a-barrel

10 Warning Signs The World Will See A Terrifying Collapse In 2016
This current economic expansion is now 78 months old, making it one of the longest in U.S. history. There have been six recessions since the modern fiat currency era began in 1971. The average of those has brought the S&P 500 down a whopping 36.5%. Given that this imminent recession will begin with the stock market flirting with all-time highs, the next stock market crash should be closer to the 2001 and 2008 debacles that saw the major averages cut in half.  Total U.S. public and private debt levels have climbed to the staggering level of 327% of GDP. Therefore, humongous debt levels and massive capital imbalances have set up the stock market for its third major collapse since the year 2000. Investors should proceed with extreme caution now that the warning signs have been explained.
http://kingworldnews.com/ten-warning-signs-that-the-world-will-see-a-terrifying-panic-and-collapse-in-2016/


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