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

Wednesday, February 10, 2016

Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here

Prophecy Sign:  The coming global economic collapse


Like a large fire beneath the ground that continues to grow unseen, the global financial crisis continues to burn away mostly unreported.  But that fire is real and will burst forth one day and consume everything in its wake.

"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. Habakkuk 2:6-7 NIV

Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here
There is so much chaos going on that I don’t even know where to start.  For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding.  Let’s start with Deutsche Bank.  The stock of the most important bank in the “strongest economy in Europe” plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis.  Overall, the stock price is now down a staggering 36 percent since 2016 began, and Deutsche Bank credit default swaps are going parabolic.  Of course my readers were alerted to major problems at Deutsche Bank all the way back in September, and now the endgame is playing out.
http://theeconomiccollapseblog.com/archives/day-of-reckoning-the-collapse-of-the-too-big-to-fail-banks-in-europe-is-here

A 918 Point Stock Market Crash In Japan And Deutsche Bank Denies That It Is About To Collapse
On Tuesday junk bonds continued to crash, the price of oil briefly dipped below 28 dollars a barrel, Deutsche Bank was forced to deny that it is on the verge of collapse, but the biggest news was what happened in Japan.  The Nikkei was down a staggering 918 points, but that stock crash made very few headlines in the western world.  If the Dow had crashed 918 points today, that would have been the largest single day point crash in all of U.S. history.  So what just happened in Japan is a really big deal.  The Nikkei is now down 23.1 percent from the peak of the market, and that places it solidly in bear market territory.  Overall, a total of 16.5 trillion dollars of global stock market wealth has been wiped out since the middle of 2015.  

Negative Interest Rates Destroying World Economy: “Doom-and-Gloom Outlook for Banks in Europe”
Trying to simply hold onto the standard that you’ve got has become a new normal for financial challenges. Equity erodes away when interest rates go negative… then everything starts to sour. China’s economy and stock market are effectively in the toilet, or poised to further collapse the next time anything big happens in Europe or the United States, and perhaps any part of the world. The U.S. stock market has become jumpy and prone to collapse as well, and all major markets are now global, and trip up anytime the string tied around their ankle is yanked from across the ocean. And collapsing oil prices are adding huge pressures to everything. Now Europe banks are at the brink. Will it be enough to set off the major crisis everyone has been warning about?

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