Prophecy Sign: The coming global economic collapse, (and re-set)
Are you one of the nearly 2/3 of the general population that is only one paycheck away from financial disaster? With a coming global economic collapse fast approaching, you might what to re-examine your financial health.
Now listen, you rich people, weep and wail because of the misery that is coming upon 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
Stock Markets All Over The World Crash As We Begin 2016
The first trading day of 2016 was full of chaos and panic. It started in Asia where the Nikkei was down 582 points, Hong Kong was down 587 points, and Chinese markets experienced an emergency shutdown after the CSI 300 tumbled 7 percent. When European markets opened, the nightmare continued. The DAX was down 459 points, and European stocks overall had their worst start to a year ever. In the U.S., it looked like we were on course for a truly historic day as well. The Dow Jones Industrial Average was down 467 points at one stage, but some very mysterious late day buying activity helped trim the loss to just 276 points at the close of the market. The sudden market turmoil caught many by surprise, but it shouldn’t have. The truth is that a whole host of leading indicators have been telling us that this is exactly what should be happening. The global financial crisis that began in 2015 is now accelerating, and my regular readers already know precisely what is coming next.
China contagion has wiped $2.5 trillion off stocks in 6 days — not counting today
Fresh concern that China’s slowdown will hamper global growth has wiped US$2.5 trillion off the value of global equities this year, as the nation’s tolerance for a weaker currency is viewed as evidence policy makers are struggling to revive an economy that’s the world’s biggest user of resources. U.S. crude’s tumble toward US$30 a barrel heightened fears of disinflation and fuelled concern that junk-rated energy producers won’t be able to stay solvent. Concern briefly eased after the China Securities Regulatory Commission announced the suspension of a new stock circuit- breaker that forced local exchanges to shut for the second day this week before the move gave way to anxiety that policy makers are struggling with how to contain the months-long turmoil in its financial markets.
U.S. Stock Futures Plummet in Sympathy with China and Oil
Soros: It's the 2008 crisis all over again
IMF Warns Next Financial Crash Is Only a Matter of Time
Most Americans are one paycheck away from the street
Americans are starting 2016 with more job security, but most are still theoretically only one paycheck away from the street. Approximately 63% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair, according to a survey released Wednesday of 1,000 adults by personal finance website Bankrate.com, up slightly from 62% last year. Faced with an emergency, they say they would raise the money by reducing spending elsewhere (23%), borrowing from family and/or friends (15%) or using credit cards to bridge the gap (15%).