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

Thursday, February 25, 2016

Perfect Storm of Financial Collapse and WWIII-Michael Snyder

Prophecy Sign:  The coming global economic collapse

Yet another poll indicates growing support for socialism and a growing disdain for the free market/capitalist system. When the current global economic system comes crashing down the world will clamor for a new system.  The future Antichrist will be more than glad to oblige their demands.

Wail, you who live in the market district; all your merchants will be wiped out, all who trade with silver will be destroyed. Zephaniah 1:11 NIV

Perfect Storm of Financial Collapse and WWIII-Michael Snyder
Journalist and book author Michael Snyder says the collapse is not an event, but a “process.” Snyder explains, “I believe it is already in the process of coming apart. . . . One fifth of global stock market value is already gone.  That means we only have four fifths left.  At one point this month, $16.5 trillion had been wiped out from global stock markets since mid-2015.  So, this started last year.  We saw oil collapse.  We’ve seen junk bonds collapse.  We’ve seen commodity prices collapse.  The $16.5 trillion I just mentioned is just for stocks, and when you add up the other losses, that’s trillions of dollars more wealth that has been wiped out all over the world.  What we have seen already has been extraordinary, but we are still in the process.  People want to think of it as an event or a single day or a month, but this is a process.”

21 New Numbers That Show That The Global Economy Is Absolutely Imploding
After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment.  But that does not mean that the crisis is over.  On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams.  This is especially true when you look at global trade numbers.  The amount of stuff that is being bought, sold and shipped around the planet is falling precipitously.  So don’t be fooled if stocks go up one day or down the next.  The truth is that we are in the early chapters of a brand new economic meltdown, and I believe that all of the signs indicate that it will continue to get worse in the months ahead. 

More Britons support socialism than capitalism – survey
Capitalism is falling out favor with Britons, while the popularity of socialism is on the rise, a new YouGov survey has revealed. The survey found that a small majority of British people preferred socialism, with 36 percent responding that they held a favorable view of the ideology, compared with 32 percent who said that they viewed it negatively.

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