Prophecy Sign: The coming global economic collapse - (and reset)The global economy is like one great big tinder bundle just waiting for the right spark to set the whole thing ablaze. And that spark may be a major war in the Middle-East. Out of the chaos of what was will arise a brand new economic New World Order - (that of the Antichrist).
"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. Because you have plundered many nations, the peoples who are left will plunder you. For you have shed human blood; you have destroyed lands and cities and everyone in them. Habakkuk 2:6-8 NIV
World Economy Has Never Been Worse-Andy Hoffman
Financial writer Andy Hoffman says we are getting to the end of the road for the fantasy economy. Hoffman explains, “I shy away from predictions as much as possible and . . . when things will happen. When will the gold cartel break? When will the big one will happen? It’s an unknowable thing in a manipulated world, but if you listen to me lately, I have never been more passionate that I don’t think things can make it through this year, and people like David Stockman (former White House Budget Director) think the same. There are just too many things coming to a head right now. The economy of the world has never been worse quantitatively and qualitatively. The political and social ramifications going on because of the bad economy have never been more tenuous.”
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy
We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing. We just learned that manufacturing in China has now been contracting for seven months in a row, and as you will see below, U.S. manufacturing is facing “its toughest period since the global financial crisis”. Yes, global stocks have bounced back a bit after experiencing dramatic declines during January and the first part of February, and this is something that investors are very happy about. But that does not mean that the crisis is over. All bear markets have their ups and downs, and this one will not be any different. Meanwhile, the cold, hard economic numbers that keep coming in are absolutely screaming that a new global recession is here.
I see bubbles bursting everywhere: Top academic
Deflationary tides are lapping the shores of countries across the world and financial bubbles are set to burst everywhere, Vikram Mansharamani, a lecturer at Yale University, told CNBC on Thursday. "I think it all started with the China investment bubble that has burst and that brought with it commodities and that pushed deflation around the world and those ripples are landing on the shore of countries literally everywhere," the high-profile author and academic said at the Global Financial Markets Forum in Abu Dhabi.