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

Tuesday, April 12, 2016

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic

Prophecy Sign:  The coming global economic collapse


More evidence of the declining global economic situation, (contrary to what the happy evening news reports tell you).  All the dominoes are being lined up, ready to be toppled over.  Even your life savings won't be safely tucked away in some bank account somewhere, as governments may simply abscond with those dollars to prop up the falling economy.

For he has oppressed the poor and left them destitute; he has seized houses he did not build. “Surely he will have no respite from his craving; he cannot save himself by his treasure. Nothing is left for him to devour; his prosperity will not endure. Job 20:19-21 NIV

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic
Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world.
http://theeconomiccollapseblog.com/archives/economic-collapse-is-erupting-all-over-the-planet-as-global-leaders-begin-to-panic

Deutsche Bank Says World "Past The Point Of No Return" In The Default Cycle
Over the past year, the credit cycle finally turned, and has unleashed the latest default cycle. In fact, as BofA's Michael Contopoulos warned last week, it may be the worst default cycle in history with "cumulative losses over the length of the entire cycle could be worse than we’ve ever seen before." Over the weekend, the FT got the memo with a report that "global company bond defaults at highest level since 2009" in which it said that "the global bond default rate by companies is running at its highest since 2009 with the US accounting for the vast majority, according to rating agency Standard & Poor’s. A further four defaults this week, with three coming from the troubled oil and gas sector, pushed the overall tally to 40 with a little over a quarter of 2016 done."
http://www.zerohedge.com/news/2016-04-11/deutsche-bank-says-world-past-point-no-return-default-cycle


IMF supports move to negative rates by some central banks
The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions. Six of the world's central banks have introduced negative rates, most notably the Bank of Japan and the European Central Bank, and around a quarter of the world economy by output is now experiencing official rates that are less than zero. They have achieved this by cutting deposit rates into negative territory, ranging from minus five basis points in Hungary to minus 125 basis points in Sweden - essentially a "tax" on deposits.
https://ca.news.yahoo.com/imf-supports-move-negative-rates-central-banks-190126848--business.html

Olivier Blanchard eyes ugly 'end game' for Japan on debt spiral
Japan is heading for a full-blown solvency crisis as the country runs out of local investors and may ultimately be forced to inflate away its debt in a desperate end-game, one of the world’s most influential economists has warned. Olivier Blanchard, former chief economist at the International Monetary Fund, said zero interest rates have disguised the underlying danger posed by Japan’s public debt, likely to reach 250pc of GDP this year and spiraling upwards on an unsustainable trajectory.

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