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

Tuesday, February 16, 2016

The world can't afford another financial crash – it could destroy capitalism as we know it

Prophecy Sign:  The coming global economic collapse, (and re-set)

How interesting that we now have reporters suggesting that another economic crash will likely lead to the end of the free market system of commerce that much of the world works under.  And what would replace it?  If the millennial age group had its say, we would all live under a socialist government run system of commerce.  Just so happens that that is just what they will get when the Antichrist and his 10 cohorts take control of world commerce, (Revelation 17), and implement the 'mark of the Beast' buy/sell program, (Revelation 13).

Present day Venezuela is a prime example of what a mess of things socialism does to a country, (article link below).

They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 NIV

The world can't afford another financial crash – it could destroy capitalism as we know it
They bounce back after terrorist attacks, pick themselves up after earthquakes and cope with pandemics such as Zika. They can even handle years of economic uncertainty, stagnant wages and sky-high unemployment. But no developed nation today could possibly tolerate another wholesale banking crisis and proper, blood and guts recession. We are too fragile, fiscally as well as psychologically. Our economies, cultures and polities are still paying a heavy price for the Great Recession; another collapse, especially were it to be accompanied by a fresh banking bailout by the taxpayer, would trigger a cataclysmic, uncontrollable backlash. The public, whose faith in elites and the private sector was rattled after 2007-09, would simply not wear it. Its anger would be so explosive, so all-encompassing that it would threaten the very survival of free trade, of globalisation and of the market-based economy.

Poll: Millennials Pick Socialism Over Capitalism
The survey, taken at the end of January, found that 43 percent of Americans under 30 had a favorable view of socialism. Less than a third of millennials had a favorable view of capitalism. No other age or ethnic demographic preferred socialism over capitalism.

Debt, defaults, and devaluations: why this market crash is like nothing we've seen before
For many market watchers, a confluence of factors - led by oil, but encompassing China, the emerging world, and financial markets - are all brewing to create a perfect storm in a global economy that has barely come to terms with the Great Recession. “We are in a very unusual situation where market sentiment is of a different nature to anything we’ve seen before,” says Thygesen. Unlike previous pre-recessionary eras, the current sell-off has seen commodity prices, equities and credit conditions all move in dangerous lockstep.

Investors 'go bananas' for gold bars as global stock markets tumble

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